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EARNINGS PER SHARE | 9 Months Ended
--- | ---
Sep. 29, 2012
EARNINGS PER SHARE |
EARNINGS PER SHARE |
(4) 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 September 29, 2012: |  |  |  |  |  |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. |  | $ | 56,731 |  | $ | — |  | $ | 56,731 |
Shares outstanding |  |  | 26,502 |  |  | 304 |  |  | 26,806 |
Per share amount |  | $ | 2.14 |  | $ | (0.02 | ) | $ | 2.12 |
Thirteen weeks ended September 24, 2011: |  |  |  |  |  |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. |  | $ | 42,141 |  | $ | — |  | $ | 42,141 |
Shares outstanding |  |  | 26,351 |  |  | 228 |  |  | 26,579 |
Per share amount |  | $ | 1.60 |  | $ | (0.01 | ) | $ | 1.59 |
Thirty-nine weeks ended September 29, 2012: |  |  |  |  |  |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. |  | $ | 169,036 |  | $ | — |  | $ | 169,036 |
Shares outstanding |  |  | 26,455 |  |  | 293 |  |  | 26,748 |
Per share amount |  | $ | 6.39 |  | $ | (0.07 | ) | $ | 6.32 |
Thirty-nine weeks ended September 24, 2011: |  |  |  |  |  |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. |  | $ | 113,577 |  | $ | — |  | $ | 113,577 |
Shares outstanding |  |  | 26,318 |  |  | 249 |  |  | 26,567 |
Per share amount |  | $ | 4.32 |  | $ | (0.04 | ) | $ | 4.28 |
At September 29, 2012, there were no outstanding stock options with exercise prices exceeding the market price of common stock. At September 24, 2011 there were 218,007 shares of outstanding stock options with exercise prices exceeding the market price of common stock that were excluded from the computation of diluted earnings per share for the thirteen and thirty-nine weeks ended September 24, 2011.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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