XML 50 R13.htm IDEA: XBRL DOCUMENT
v2.4.0.8

EARNINGS PER SHARE | 9 Months Ended
--- | ---
Sep. 27, 2014
EARNINGS PER SHARE |
EARNINGS PER SHARE | (5) 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 27, 2014: |  |  |  |  |  |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. |  | $ | 23,559 |  | $ | — |  | $ | 23,559 |
Shares outstanding |  |  | 25,287 |  |  | 226 |  |  | 25,513 |
Per share amount |  | $ | 0.93 |  | $ | (0.01 | ) | $ | 0.92 |
Thirteen weeks ended September 28, 2013: |  |  |  |  |  |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. |  | $ | 56,489 |  | $ | — |  | $ | 56,489 |
Shares outstanding |  |  | 26,665 |  |  | 254 |  |  | 26,919 |
Per share amount |  | $ | 2.12 |  | $ | (0.02 | ) | $ | 2.10 |
Thirty-nine weeks ended September 27, 2014: |  |  |  |  |  |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. |  | $ | 143,515 |  | $ | — |  | $ | 143,515 |
Shares outstanding |  |  | 26,208 |  |  | 231 |  |  | 26,439 |
Per share amount |  | $ | 5.48 |  | $ | (0.05 | ) | $ | 5.43 |
Thirty-nine weeks ended September 28, 2013: |  |  |  |  |  |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. |  | $ | 223,621 |  | $ | — |  | $ | 223,621 |
Shares outstanding |  |  | 26,632 |  |  | 264 |  |  | 26,896 |
Per share amount |  | $ | 8.40 |  | $ | (0.09 | ) | $ | 8.31 |
Earnings per share are computed independently for each of the quarters. Therefore, the sum of the quarterly earnings per share does not equal the total for the year primarily due to the share buyback program that began in the second quarter of 2014. At September 27, 2014, there were 273,170 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 ending September 27, 2014. At September 28, 2013, there were 1,172 outstanding stock options with exercise prices exceeding the market price of common stock.

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: 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=7655603&loc=d3e1278-109256 Reference 3: 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=7655603&loc=d3e1252-109256 Reference 4: 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=32703322&loc=d3e4984-109258 Reference 5: 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=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration