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EARNINGS PER SHARE | 9 Months Ended
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Sep. 24, 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 September 24, 2016: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 28,173 |  |  | $ | — |  |  | $ | 28,173 |
Shares outstanding (000 omitted) | 22,505 |  |  | 154 |  |  | 22,659 |
Per share amount | $ | 1.25 |  |  | $ | (0.01 | ) |  | $ | 1.24 |
Thirteen weeks ended September 26, 2015: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 12,066 |  |  | $ | — |  |  | $ | 12,066 |
Shares outstanding (000 omitted) | 23,057 |  |  | 113 |  |  | 23,170 |
Per share amount | $ | 0.52 |  |  | $ | — |  |  | $ | 0.52 |
Thirty-nine weeks ended September 24, 2016: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 103,168 |  |  | $ | — |  |  | $ | 103,168 |
Shares outstanding (000 omitted) | 22,602 |  |  | 139 |  |  | 22,741 |
Per share amount | $ | 4.56 |  |  | $ | (0.02 | ) |  | $ | 4.54 |
Thirty-nine weeks ended September 26, 2015: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 70,678 |  |  | $ | — |  |  | $ | 70,678 |
Shares outstanding (000 omitted) | 23,420 |  |  | 114 |  |  | 23,534 |
Per share amount | $ | 3.02 |  |  | $ | (0.02 | ) |  | $ | 3.00 |
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 September 24, 2016 and September 26, 2015, there were 378,566 and 433,401 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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