XML 25 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 26, 2015
Dec. 27, 2014
Income Statement [Abstract]      
Product sales $ 2,255,860 $ 2,338,132 $ 2,824,456
Services sales 265,816 280,792 298,687
Net sales 2,521,676 2,618,924 3,123,143
Product cost of sales 1,682,355 1,804,055 2,118,687
Services cost of sales 183,078 193,836 196,339
Total cost of sales 1,865,433 1,997,891 2,315,026
Gross profit 656,243 621,033 808,117
Selling, general and administrative expenses 412,739 447,368 450,401
Impairment of goodwill and intangible assets 0 41,970 0
Operating income 243,504 131,695 357,716
Other income (expenses):      
Interest expense (44,409) (44,621) (36,790)
Interest income 3,105 3,296 6,046
Costs associated with refinancing of debt 0 0 (38,705)
Other 18,254 2,637 (4,084)
Total other income (expenses) (23,050) (38,688) (73,533)
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries 220,454 93,007 284,183
Income tax expense (benefit):      
Current 65,748 42,569 89,643
Deferred (23,685) 4,858 5,251
Total income tax expense (benefit) 42,063 47,427 94,894
Comprehensive income (loss) 100,235 (91,836) 99,748
Earnings before equity in earnings of nonconsolidated subsidiaries 178,391 45,580 189,289
Equity in earnings of nonconsolidated subsidiaries 0 (247) 29
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax 13,652 0 0
Net earnings 178,391 45,333 189,318
Less: Earnings attributable to noncontrolling interests (5,159) (5,216) (5,342)
Net earnings attributable to Valmont Industries, Inc. $ 173,232 $ 40,117 $ 183,976
Earnings per share:      
Basic (in dollars per share) $ 7.68 $ 1.72 $ 7.15
Diluted (in dollars per share) 7.63 1.71 7.09
Cash dividends declared per share (in dollars per share) $ 1.500 $ 1.500 $ 1.375
Weighted average number of shares of common stock outstanding - Basic (in shares) 22,562 23,288 25,719
Weighted average number of shares of common stock outstanding - Diluted (in shares) 22,709 23,405 25,932