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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Sep. 26, 2015
Sep. 27, 2014
Income Statement [Abstract]        
Product sales $ 560,518 $ 686,508 $ 1,776,194 $ 2,134,395
Services sales 72,057 79,160 208,902 225,612
Net sales 632,575 765,668 1,985,096 2,360,007
Product cost of sales 427,688 515,217 1,348,402 1,586,127
Services cost of sales 48,136 50,951 144,941 146,921
Total cost of sales 475,824 566,168 1,493,343 1,733,048
Gross profit 156,751 199,500 491,753 626,959
Selling, general and administrative expenses 104,539 111,697 327,858 335,532
Impairment of goodwill and intangible assets 15,200 0 15,200 0
Operating income 37,012 87,803 148,695 291,427
Other income (expenses):        
Interest expense (11,120) (8,716) (33,480) (25,217)
Interest income 905 1,477 2,395 4,793
Costs associated with refinancing of debt 0 (38,705) 0 (38,705)
Other (1,230) (2,344) (242) (6,253)
Total other income (expenses) (11,445) (48,288) (31,327) (65,382)
Earnings before income taxes 25,567 39,515 117,368 226,045
Income tax expense (benefit):        
Current 6,746 23,290 37,656 82,345
Deferred 5,272 (9,064) 5,217 (4,034)
Total income tax expense (benefit) 12,018 14,226 42,873 78,311
Earnings before equity in earnings of nonconsolidated subsidiaries 13,549 25,289 74,495 147,734
Equity in earnings of nonconsolidated subsidiaries 0 (4) 0 (34)
Net earnings 13,549 25,285 74,495 147,700
Less: Earnings attributable to noncontrolling interests (1,483) (1,726) (3,817) (4,185)
Net earnings attributable to Valmont Industries, Inc. $ 12,066 $ 23,559 $ 70,678 $ 143,515
Earnings per share:        
Basic (in dollars per share) $ 0.52 $ 0.93 $ 3.02 $ 5.48
Diluted (in dollars per share) 0.52 0.92 3.00 5.43
Cash dividends declared per share (in dollars per share) $ 0.375 $ 0.375 $ 1.125 $ 1
Weighted average number of shares of common stock outstanding - Basic (in shares) 23,057 25,287 23,420 26,208
Weighted average number of shares of common stock outstanding - Diluted (in shares) 23,170 25,513 23,534 26,439