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ACQUISITIONS (Tables) | 9 Months Ended
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Sep. 26, 2015
Pro forma effect of acquisitions | The pro forma effect of these acquisitions on the third quarter and first three quarters of the 2014 Statement of Earnings was as follows:
| Thirteen Weeks Ended September 27, 2014 | Thirty-nine Weeks Ended September 27, 2014
Net sales | $ | 780,478 |  | $ | 2,438,811 |
Net earnings | $ | 24,002 |  | $ | 147,443 |
Earnings per share—diluted | $ | 0.94 |  | $ | 5.58 |
Valmont SM |
Summary of preliminary fair values of the assets acquired and liabilities assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed as of the date of acquisition, which was finalized in the fourth quarter of 2014.
|  | At March 3, 2014
Current assets |  | $ | 73,421 |
Property, plant and equipment |  | 85,638 |
Intangible assets |  | 30,340 |
Goodwill |  | 16,803 |
Total fair value of assets acquired |  | $ | 206,202 |
Current liabilities |  | 47,754 |
Deferred income taxes |  | 19,715 |
Intercompany note payable |  | 37,448 |
Long-term debt |  | 8,941 |
Total fair value of liabilities assumed |  | 113,858 |
Non-controlling interests |  | 9,309 |
Net assets acquired |  | $ | 83,035 |
Summary of the major classes of acquired intangible assets and the respective weighted-average amortization periods | The following table summarizes the major classes of Valmont SM's acquired intangible assets and the respective weighted average amortization periods:
|  | Amount |  | Weighted Average Amortization Period (Years)
Trade Names |  | $ | 11,470 |  |  | Indefinite
Backlog |  | 3,145 |  |  | 1.5
Customer Relationships |  | 15,725 |  |  | 12.0
Total Intangible Assets |  | $ | 30,340 |  |  |
Shakespeare |
Summary of preliminary fair values of the assets acquired and liabilities assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed as of the date of the Shakespeare acquisition (goodwill is deductible for tax purposes):
|  | At October 6, 2014
Current assets |  | $ | 12,532 |
Property, plant and equipment |  | 10,694 |
Intangible assets |  | 13,500 |
Goodwill |  | 15,416 |
Total fair value of assets acquired |  | $ | 52,142 |
Current liabilities |  | 3,870 |
Net assets acquired |  | $ | 48,272 |
Summary of the major classes of acquired intangible assets and the respective weighted-average amortization periods | The following table summarizes the major classes of Shakespeare acquired intangible assets and the respective weighted-average amortization periods:
|  | Amount |  | Weighted Average Amortization Period (Years)
Trade Names |  | $ | 4,000 |  |  | Indefinite
Customer Relationships |  | 9,500 |  |  | 12.0
Total Intangible Assets |  | $ | 13,500 |  |  |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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