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EARNINGS PER SHARE
 6 Months Ended
Jun. 25, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table provides a reconciliation between Basic and Diluted earnings per share (EPS):
 
Basic EPS
 
Dilutive
Effect of
Stock
Options
 
Diluted EPS
Thirteen weeks ended June 25, 2016:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
42,026

 
$
—

 
$
42,026

Shares outstanding (000 omitted)
22,602

 
147

 
22,749

Per share amount
$
1.86

 
$
(0.01
)
 
$
1.85

Thirteen weeks ended June 27, 2015:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
27,873

 
$
—

 
$
27,873

Shares outstanding (000 omitted)
23,336

 
114

 
23,450

Per share amount
$
1.19

 
$
—

 
$
1.19

Twenty-six weeks ended June 25, 2016:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
74,995

 
$
—

 
$
74,995

Shares outstanding (000 omitted)
22,651

 
131

 
22,782

Per share amount
$
3.31

 
$
(0.02
)
 
$
3.29

Twenty-six weeks ended June 27, 2015:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
58,612

 
$
—

 
$
58,612

Shares outstanding (000 omitted)
23,602

 
114

 
23,716

Per share amount
$
2.48

 
$
(0.01
)
 
$
2.47


Earnings per share are computed independently for each of the quarters. Therefore, the sum of the quarterly earnings per share may not equal the total for the year primarily due to the share buyback program.
At June 25, 2016 and June 27, 2015, there were 381,973 and 452,459 outstanding stock options with exercise prices exceeding the market price of common stock that were excluded from the computation of diluted earnings per share, respectively.