XML 57 R20.htm IDEA: XBRL DOCUMENT
v3.2.0.727

RESTRUCTURING ACTIVITIES (Tables) | 6 Months Ended
--- | ---
Jun. 27, 2015
Schedule of pre-tax restructuring expenses | During the second quarter of fiscal 2015, the Company recognized the following pre-tax restructuring expenses:
|  | EIP |  | Utility |  | Coatings |  | Irrigation |  | Other/ Corporate |  | TOTAL |
Severance |  | $ | 535 |  | $ | 1,380 |  | $ | 310 |  | $ | — |  | $ | 73 |  | $ | 2,298 |
Other cash restructuring expenses |  |  | 45 |  |  | 375 |  |  | 40 |  |  | — |  |  | — |  |  | 460 |
Asset impairments/net loss on disposals |  |  | 797 |  |  | 295 |  |  | 4,150 |  |  | — |  |  | — |  |  | 5,242 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total cost of sales |  |  | 1,377 |  |  | 2,050 |  |  | 4,500 |  |  | — |  |  | 73 |  |  | 8,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Severance |  |  | 965 |  |  | 405 |  |  | — |  |  | 219 |  |  | 240 |  |  | 1,829 |
Other cash restructuring expenses |  |  | 125 |  |  | — |  |  | 269 |  |  | — |  |  | — |  |  | 394 |
Asset impairments/net loss on disposals |  |  | 2,030 |  |  | — |  |  | — |  |  | 130 |  |  | 1,890 |  |  | 4,050 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total selling, general and administrative expenses |  |  | 3,120 |  |  | 405 |  |  | 269 |  |  | 349 |  |  | 2,130 |  |  | 6,273 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated total |  | $ | 4,497 |  | $ | 2,455 |  | $ | 4,769 |  | $ | 349 |  | $ | 2,203 |  | $ | 14,273 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of liabilities recorded for the restructuring plan and changes | Liabilities recorded for the restructuring Plan and changes therein for the first half of fiscal 2015 were as follows:
|  | Balance at December 27, 2014 |  | Recognized Restructuring Expense |  | Costs Paid or Otherwise Settled |  | Balance at June 27, 2015 |
Severance |  | $ | — |  | $ | 4,927 |  | $ | (2,294 | ) | $ | 2,633 |
Other cash restructuring expenses |  |  | — |  |  | 885 |  |  | (645 | ) |  | 240 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total cost of sales |  | $ | — |  | $ | 5,812 |  | $ | (2,939 | ) | $ | 2,873 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Broad Restructuring Plan |
Schedule of Restructuring Activities |
|  | EIP |  | Utility |  | Coatings |  | Irrigation |  | Other/ Corporate |  | TOTAL |
Severance |  | $ | 4,000 |  | $ | 1,445 |  | $ | 460 |  | $ | 425 |  | $ | 75 |  | $ | 6,405 |
Other cash restructuring expenses |  |  | 725 |  |  | 1,810 |  |  | 225 |  |  | — |  |  | — |  |  | 2,760 |
Asset impairments/net loss on disposals |  |  | 3,850 |  |  | 625 |  |  | 4,150 |  |  | 250 |  |  | — |  |  | 8,875 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total cost of sales |  |  | 8,575 |  |  | 3,880 |  |  | 4,835 |  |  | 675 |  |  | 75 |  |  | 18,040 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Severance |  |  | 3,900 |  |  | 450 |  |  | — |  |  | 575 |  |  | 1,025 |  |  | 5,950 |
Other cash restructuring expenses |  |  | 750 |  |  | 270 |  |  | 275 |  |  | 100 |  |  | 650 |  |  | 2,045 |
Asset impairments/net loss on disposals |  |  | 2,375 |  |  | — |  |  | — |  |  | 150 |  |  | 1,890 |  |  | 4,415 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total selling, general and administrative expenses |  |  | 7,025 |  |  | 720 |  |  | 275 |  |  | 825 |  |  | 3,565 |  |  | 12,410 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated total |  | $ | 15,600 |  | $ | 4,600 |  | $ | 5,110 |  | $ | 1,500 |  | $ | 3,640 |  | $ | 30,450 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Additional Potential Restructuring Activities |
Schedule of Restructuring Activities |
|  | EIP |  | Coatings |  | Other/ Corporate |  | TOTAL |
Severance |  | $ | 2,000 |  | $ | — |  | $ | 250 |  | $ | 2,250 |
Other cash restructuring expenses |  |  | 700 |  |  | — |  |  | 250 |  |  | 950 |
Asset impairments/net loss on disposals |  |  | 3,800 |  |  | — |  |  | 500 |  |  | 4,300 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total cost of sales |  |  | 6,500 |  |  | — |  |  | 1,000 |  |  | 7,500 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Severance |  |  | 500 |  |  | — |  |  | 1,150 |  |  | 1,650 |
Asset impairments/net loss on disposals |  |  | 600 |  |  | 16,000 |  |  | 3,500 |  |  | 20,100 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total selling, general and administrative expenses |  |  | 1,100 |  |  | 16,000 |  |  | 4,650 |  |  | 21,750 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated total |  | $ | 7,600 |  | $ | 16,000 |  | $ | 5,650 |  | $ | 29,250 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

X
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition [7/17/2015 5:03 PM] Koteswara Rao Balla, Suresh Balla: ScheduleOfRestructuringAndRelatedCostsIncurredDuringPeriodTableTextBlock Tabular disclosure of costs incurred during the period for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
Name: | vmi_ScheduleOfRestructuringAndRelatedCostsIncurredDuringPeriodTableTextBlock
Namespace Prefix: | vmi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RestructuringPlanAxis=vmi_BroadRestructuringPlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RestructuringPlanAxis=vmi_AdditionalPotentialRestructuringActivitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |