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EARNINGS PER SHARE
 3 Months Ended
Apr. 01, 2017
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 April 1, 2017:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
38,979

 
$
—

 
$
38,979

Shares outstanding (000 omitted)
22,472

 
188

 
22,660

Per share amount
$
1.73

 
$
(0.01
)
 
$
1.72

Thirteen weeks ended March 26, 2016:
 
 
 
 
 
Net earnings attributable to Valmont Industries, Inc.
$
32,969

 
$
—

 
$
32,969

Shares outstanding (000 omitted)
22,700

 
116

 
22,816

Per share amount
$
1.45

 
$
—

 
$
1.45


At April 1, 2017 and March 26, 2016, there were 0 and 403,407 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.