ACQUISITIONS (Tables)

9 Months Ended

Sep. 26, 2015

Pro forma effect of acquisitions

The pro forma effect of these acquisitions on the third quarter and first three quarters of the 2014 Statement of Earnings was as follows:

	Thirteen Weeks Ended September 27, 2014		Thirty-nine Weeks Ended September 27, 2014
Net sales	$	780,478	$	2,438,811
Net earnings	$	24,002	$	147,443
Earnings per share—diluted	$	0.94	$	5.58

Valmont SM

Summary of preliminary fair values of the assets acquired and liabilities assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed as of the date of acquisition, which was finalized in the fourth quarter of 2014.

	At March 3, 2014
Current assets	$	73,421
Property, plant and equipment	85,638
Intangible assets	30,340
Goodwill	16,803
Total fair value of assets acquired	$	206,202
Current liabilities	47,754
Deferred income taxes	19,715
Intercompany note payable	37,448
Long-term debt	8,941
Total fair value of liabilities assumed	113,858
Non-controlling interests	9,309
Net assets acquired	$	83,035

Summary of the major classes of acquired intangible assets and the respective weighted-average amortization periods

The following table summarizes the major classes of Valmont SM's acquired intangible assets and the respective weighted average amortization periods:

	Amount		Weighted Average Amortization Period (Years)
Trade Names	$	11,470	Indefinite
Backlog	3,145		1.5
Customer Relationships	15,725		12.0
Total Intangible Assets	$	30,340

Shakespeare

Summary of preliminary fair values of the assets acquired and liabilities assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed as of the date of the Shakespeare acquisition (goodwill is deductible for tax purposes):

	At October 6, 2014
Current assets	$	12,532
Property, plant and equipment	10,694
Intangible assets	13,500
Goodwill	15,416
Total fair value of assets acquired	$	52,142
Current liabilities	3,870
Net assets acquired	$	48,272

Summary of the major classes of acquired intangible assets and the respective weighted-average amortization periods

The following table summarizes the major classes of Shakespeare acquired intangible assets and the respective weighted-average amortization periods:

	Amount		Weighted Average Amortization Period (Years)
Trade Names	$	4,000	Indefinite
Customer Relationships	9,500		12.0
Total Intangible Assets	$	13,500