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EARNINGS PER SHARE | 6 Months Ended
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Jun. 25, 2016
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 June 25, 2016: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 42,026 |  |  | $ | — |  |  | $ | 42,026 |
Shares outstanding (000 omitted) | 22,602 |  |  | 147 |  |  | 22,749 |
Per share amount | $ | 1.86 |  |  | $ | (0.01 | ) |  | $ | 1.85 |
Thirteen weeks ended June 27, 2015: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 27,873 |  |  | $ | — |  |  | $ | 27,873 |
Shares outstanding (000 omitted) | 23,336 |  |  | 114 |  |  | 23,450 |
Per share amount | $ | 1.19 |  |  | $ | — |  |  | $ | 1.19 |
Twenty-six weeks ended June 25, 2016: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 74,995 |  |  | $ | — |  |  | $ | 74,995 |
Shares outstanding (000 omitted) | 22,651 |  |  | 131 |  |  | 22,782 |
Per share amount | $ | 3.31 |  |  | $ | (0.02 | ) |  | $ | 3.29 |
Twenty-six weeks ended June 27, 2015: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 58,612 |  |  | $ | — |  |  | $ | 58,612 |
Shares outstanding (000 omitted) | 23,602 |  |  | 114 |  |  | 23,716 |
Per share amount | $ | 2.48 |  |  | $ | (0.01 | ) |  | $ | 2.47 |
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. At June 25, 2016 and June 27, 2015, there were 381,973 and 452,459 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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