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EARNINGS PER SHARE
 12 Months Ended
Dec. 28, 2013
EARNINGS PER SHARE  
EARNINGS PER SHARE

(11) 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		  

2013:

                    

Net earnings attributable to Valmont Industries, Inc. 

   $ 278,489   $ —   $ 278,489  

Weighted average shares outstanding (000's)

     26,641     258     26,899  

Per share amount

   $ 10.45   $ 0.10   $ 10.35  

2012:

                    

Net earnings attributable to Valmont Industries, Inc. 

   $ 234,072   $ —   $ 234,072  

Weighted average shares outstanding (000's)

     26,471     293     26,764  

Per share amount

   $ 8.84   $ 0.09   $ 8.75  

2011:

                    

Net earnings attributable to Valmont Industries, Inc. 

   $ 228,308   $ —   $ 228,308  

Weighted average shares outstanding (000's)

     26,329     221     26,550  

Per share amount

   $ 8.67   $ 0.07   $ 8.60  

        Basic and diluted net earnings and earnings per share for 2013 included a non-cash after-tax loss of $12,011 ($0.45 per share) associated with the deconsolidation of Delta EMD Pty. Ltd. (EMD) and an after-tax loss of $4,569 ($0.17 per share) related to a fixed asset impairment loss recorded by EMD in the fourth quarter of 2013. Basic and diluted net earnings and earnings per share for 2011 included an income tax benefit of $66,026 ($2.49 per share) related to a legal entity reorganization of Delta Ltd.

        At the end of fiscal years 2013, 2012 and 2011, there were approximately 1,200, 137,000, and 20,000 options outstanding, respectively, with exercise prices exceeding the market value of common stock that were therefore excluded from the computation of diluted shares outstanding.