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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 25, 2016
Jun. 27, 2015
Jun. 25, 2016
Jun. 27, 2015
Income Statement [Abstract]        
Product sales $ 570,762 $ 611,782 $ 1,103,702 $ 1,215,676
Services sales 69,487 70,341 133,152 136,845
Net sales 640,249 682,123 1,236,854 1,352,521
Product cost of sales 418,072 461,173 811,564 920,714
Services cost of sales 47,060 51,402 89,204 96,805
Total cost of sales 465,132 512,575 900,768 1,017,519
Gross profit 175,117 169,548 336,086 335,002
Selling, general and administrative expenses 103,311 115,548 201,915 223,319
Operating income 71,806 54,000 134,171 111,683
Other income (expenses):        
Interest expense (11,122) (11,232) (22,176) (22,360)
Interest income 707 616 1,518 1,490
Other 1,252 (28) (426) 988
Total other income (expenses) (9,163) (10,644) (21,084) (19,882)
Earnings before income taxes 62,643 43,356 113,087 91,801
Income tax expense (benefit):        
Current 22,745 19,136 33,259 30,910
Deferred (3,544) (5,219) 2,215 (55)
Total income tax expense (benefit) 19,201 13,917 35,474 30,855
Earnings before equity in earnings of nonconsolidated subsidiaries 43,442 29,439 77,613 60,946
Equity in earnings of nonconsolidated subsidiaries 0 0 0 0
Net earnings 43,442 29,439 77,613 60,946
Less: Earnings attributable to noncontrolling interests (1,416) (1,566) (2,618) (2,334)
Net earnings attributable to Valmont Industries, Inc. $ 42,026 $ 27,873 $ 74,995 $ 58,612
Earnings per share:        
Basic (in dollars per share) $ 1.86 $ 1.19 $ 3.31 $ 2.48
Diluted (in dollars per share) 1.85 1.19 3.29 2.47
Cash dividends declared per share (in dollars per share) $ 0.375 $ 0.375 $ 0.75 $ 0.75
Weighted average number of shares of common stock outstanding - Basic (in shares) 22,602 23,336 22,651 23,602
Weighted average number of shares of common stock outstanding - Diluted (in shares) 22,749 23,450 22,782 23,716