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EARNINGS PER SHARE | 12 Months Ended
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Dec. 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
2015: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 40,117 |  |  | $ | — |  |  | $ | 40,117 |
Weighted average shares outstanding (000's) | 23,288 |  |  | 117 |  |  | 23,405 |
Per share amount | $ | 1.72 |  |  | $ | 0.01 |  |  | $ | 1.71 |
2014: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 183,976 |  |  | $ | — |  |  | $ | 183,976 |
Weighted average shares outstanding (000's) | 25,719 |  |  | 213 |  |  | 25,932 |
Per share amount | $ | 7.15 |  |  | $ | 0.06 |  |  | $ | 7.09 |
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 |
Basic and diluted net earnings and earnings per share in fiscal 2015 included impairments of goodwill and intangible assets of $40,140 after-tax ($1.72 per share), asset impairments arising from restructuring activities of $14,545 after-tax ($0.62 per share), and $13,622 of cash restructuring expenses ($0.58 per share). Fiscal 2014 included costs associated with refinancing of our long-term debt of $24.2 million after tax ($0.93 per share). Fiscal 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 a non-cash 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. 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 the end of fiscal years 2015, 2014, and 2013 there were approximately 426,338, 449,000, and 1,200 outstanding stock options, respectively, 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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