CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 26, 2015
Current assets:
Cash and cash equivalents	$ 399,948	$ 349,074
Receivables, less allowance of $10,250 in 2016 and $10,055 in 2015	439,342	466,443
Inventories	350,028	340,672
Prepaid expenses, restricted cash, and other assets	57,297	46,137
Refundable income taxes	6,601	24,526
Total current assets	1,253,216	1,226,852
Property, plant and equipment, at cost	1,105,736	1,081,056
Less accumulated depreciation and amortization	587,401	548,567
Net property, plant and equipment	518,335	532,489
Goodwill	321,110	336,916
Other intangible assets, net	144,378	170,197
Other assets, less allowance for doubtful receivables of $8,741 in 2016 and $10,953 in 2015	154,692	125,928
Total assets	2,391,731	2,392,382
Current liabilities:
Current installments of long-term debt	851	1,077
Notes payable to banks	746	976
Accounts payable	177,488	179,983
Accrued employee compensation and benefits	72,404	70,354
Accrued expenses	89,914	105,593
Dividends payable	8,445	8,571
Total current liabilities	349,848	366,554
Deferred income taxes	35,803	35,669
Long-term debt, excluding current installments	754,795	756,918
Defined benefit pension liability	209,470	179,323
Deferred compensation	44,319	48,417
Other noncurrent liabilities	14,910	40,290
Shareholders’ equity:
Preferred stock of $1 par value - Authorized 500,000 shares; none issued	0	0
Common stock of $1 par value - Authorized 75,000,000 shares; issued 27,900,000 issued	27,900	27,900
Retained earnings	1,874,722	1,729,679
Accumulated other comprehensive income (loss)	(346,359)	(267,218)
Cost of treasury stock, common shares of 5,379,106 in 2016 and 5,042,775 in 2015	(612,781)	(571,920)
Total Valmont Industries, Inc. shareholders’ equity	943,482	918,441
Noncontrolling interest in consolidated subsidiaries	39,104	46,770
Total shareholders’ equity	982,586	965,211
Total liabilities and shareholders’ equity	$ 2,391,731	$ 2,392,382