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EARNINGS PER SHARE | 9 Months Ended
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Sep. 26, 2015
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 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 26, 2015: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 12,066 |  |  | $ | — |  |  | $ | 12,066 |
Shares outstanding | 23,057 |  |  | 113 |  |  | 23,170 |
Per share amount | $ | 0.52 |  |  | $ | — |  |  | $ | 0.52 |
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 |
Thirty-nine weeks ended September 26, 2015: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 70,678 |  |  | $ | — |  |  | $ | 70,678 |
Shares outstanding | 23,420 |  |  | 114 |  |  | 23,534 |
Per share amount | $ | 3.02 |  |  | $ | (0.02 | ) |  | $ | 3.00 |
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 |
Earnings per share are computed independently for each of the quarters. Therefore, the sum of the quarterly earnings per share may not equal the total for the year primarily due to the share buyback program that began in the second quarter of 2014. At September 26, 2015 and September 27, 2014, there were 433,401 and 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, respectively.

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