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GUARANTOR/NON-GUARANTOR FINANCIAL INFORMATION - Condensed Consolidated Statements of Earnings (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2017 | Sep. 24, 2016 | Sep. 30, 2017 | Sep. 24, 2016
GUARANTOR/NON-GUARANTOR FINANCIAL INFORMATION |  |  |  |
Parent company's percentage ownership of Guarantors | 100.00% |  | 100.00% |
Condensed consolidated financial information for the Company (Parent), the guarantor subsidiaries and the non-guarantor subsidiaries |  |  |  |
Net sales | $ 680,779 | $ 610,247 | $ 2,030,989 | $ 1,847,101
Cost of sales | 517,185 | 455,224 | 1,519,510 | 1,355,992
Gross profit | 163,594 | 155,023 | 511,479 | 491,109
Selling, general and administrative expenses | 103,671 | 101,783 | 308,764 | 303,698
Operating income | 59,923 | 53,240 | 202,715 | 187,411
Other income (expense): |  |  |  |
Interest expense | (11,190) | (11,100) | (33,312) | (33,276)
Interest income | 1,311 | 771 | 3,205 | 2,289
Other | 517 | 878 | 1,684 | 452
Total other income (expenses) | (9,362) | (9,451) | (28,423) | (30,535)
Earnings before income taxes | 50,561 | 43,789 | 174,292 | 156,876
Income tax expense: |  |  |  |
Current | 21,163 | 18,017 | 50,264 | 51,276
Deferred income taxes | (7,268) | (3,749) | 79 | (1,534)
Total income tax expense (benefit) | 13,895 | 14,268 | 50,343 | 49,742
Earnings before equity in earnings of nonconsolidated subsidiaries | 36,666 | 29,521 | 123,949 | 107,134
Equity in earnings of nonconsolidated subsidiaries | 0 | 0 | 0 | 0
Net earnings | 36,666 | 29,521 | 123,949 | 107,134
Less: Earnings attributable to noncontrolling interests | (1,458) | (1,348) | (4,098) | (3,966)
Net earnings attributable to Valmont Industries, Inc. | 35,208 | 28,173 | 119,851 | 103,168
Eliminations |  |  |  |
Condensed consolidated financial information for the Company (Parent), the guarantor subsidiaries and the non-guarantor subsidiaries |  |  |  |
Net sales | (60,820) | (41,634) | (182,956) | (141,699)
Cost of sales | (60,570) | (41,695) | (182,777) | (140,200)
Gross profit | (250) | 61 | (179) | (1,499)
Selling, general and administrative expenses | 0 | 0 | 0 | 0
Operating income | (250) | 61 | (179) | (1,499)
Other income (expense): |  |  |  |
Interest expense | 3,989 | 0 | 10,040 | 0
Interest income | (3,989) | 0 | (10,040) | 0
Other | 0 | 0 | 0 | 0
Total other income (expenses) | 0 | 0 | 0 | 0
Earnings before income taxes | (250) | 61 | (179) | (1,499)
Income tax expense: |  |  |  |
Current | (8) | 48 | (19) | (481)
Deferred income taxes | 0 | 0 | 0 | 0
Total income tax expense (benefit) | (8) | 48 | (19) | (481)
Earnings before equity in earnings of nonconsolidated subsidiaries | (242) | 13 | (160) | (1,018)
Equity in earnings of nonconsolidated subsidiaries | (37,918) | (22,658) | (100,555) | (77,735)
Net earnings | (38,160) | (22,645) | (100,715) | (78,753)
Less: Earnings attributable to noncontrolling interests | 0 | 0 | 0 | 0
Net earnings attributable to Valmont Industries, Inc. | (38,160) | (22,645) | (100,715) | (78,753)
Parent |  |  |  |
Condensed consolidated financial information for the Company (Parent), the guarantor subsidiaries and the non-guarantor subsidiaries |  |  |  |
Net sales | 284,538 | 261,928 | 893,988 | 837,137
Cost of sales | 216,039 | 199,957 | 666,060 | 619,493
Gross profit | 68,499 | 61,971 | 227,928 | 217,644
Selling, general and administrative expenses | 46,451 | 46,183 | 143,590 | 133,207
Operating income | 22,048 | 15,788 | 84,338 | 84,437
Other income (expense): |  |  |  |
Interest expense | (10,884) | (10,920) | (32,672) | (32,768)
Interest income | 268 | 68 | 563 | 181
Other | 1,379 | 1,370 | 3,900 | 1,694
Total other income (expenses) | (9,237) | (9,482) | (28,209) | (30,893)
Earnings before income taxes | 12,811 | 6,306 | 56,129 | 53,544
Income tax expense: |  |  |  |
Current | 9,030 | 6,112 | 19,487 | 22,086
Deferred income taxes | (3,474) | (5,321) | 2,065 | (1,834)
Total income tax expense (benefit) | 5,556 | 791 | 21,552 | 20,252
Earnings before equity in earnings of nonconsolidated subsidiaries | 7,255 | 5,515 | 34,577 | 33,292
Equity in earnings of nonconsolidated subsidiaries | 27,953 | 22,658 | 85,274 | 69,876
Net earnings | 35,208 | 28,173 | 119,851 | 103,168
Less: Earnings attributable to noncontrolling interests | 0 | 0 | 0 | 0
Net earnings attributable to Valmont Industries, Inc. | 35,208 | 28,173 | 119,851 | 103,168
Guarantors |  |  |  |
Condensed consolidated financial information for the Company (Parent), the guarantor subsidiaries and the non-guarantor subsidiaries |  |  |  |
Net sales | 113,243 | 89,305 | 352,827 | 277,990
Cost of sales | 88,757 | 66,401 | 271,620 | 205,497
Gross profit | 24,486 | 22,904 | 81,207 | 72,493
Selling, general and administrative expenses | 12,046 | 11,073 | 35,555 | 33,583
Operating income | 12,440 | 11,831 | 45,652 | 38,910
Other income (expense): |  |  |  |
Interest expense | (3,989) | (6) | (10,040) | (9)
Interest income | 9 | 12 | 33 | 51
Other | 11 | 12 | 42 | 39
Total other income (expenses) | (3,969) | 18 | (9,965) | 81
Earnings before income taxes | 8,471 | 11,849 | 35,687 | 38,991
Income tax expense: |  |  |  |
Current | 3,082 | 5,095 | 13,184 | 13,909
Deferred income taxes | 0 | 0 | 0 | 0
Total income tax expense (benefit) | 3,082 | 5,095 | 13,184 | 13,909
Earnings before equity in earnings of nonconsolidated subsidiaries | 5,389 | 6,754 | 22,503 | 25,082
Equity in earnings of nonconsolidated subsidiaries | 9,965 | 0 | 15,281 | 7,859
Net earnings | 15,354 | 6,754 | 37,784 | 32,941
Less: Earnings attributable to noncontrolling interests | 0 | 0 | 0 | 0
Net earnings attributable to Valmont Industries, Inc. | 15,354 | 6,754 | 37,784 | 32,941
Non- Guarantors |  |  |  |
Condensed consolidated financial information for the Company (Parent), the guarantor subsidiaries and the non-guarantor subsidiaries |  |  |  |
Net sales | 343,818 | 300,648 | 967,130 | 873,673
Cost of sales | 272,959 | 230,561 | 764,607 | 671,202
Gross profit | 70,859 | 70,087 | 202,523 | 202,471
Selling, general and administrative expenses | 45,174 | 44,527 | 129,619 | 136,908
Operating income | 25,685 | 25,560 | 72,904 | 65,563
Other income (expense): |  |  |  |
Interest expense | (306) | (174) | (640) | (499)
Interest income | 5,023 | 691 | 12,649 | 2,057
Other | (873) | (504) | (2,258) | (1,281)
Total other income (expenses) | 3,844 | 13 | 9,751 | 277
Earnings before income taxes | 29,529 | 25,573 | 82,655 | 65,840
Income tax expense: |  |  |  |
Current | 9,059 | 6,762 | 17,612 | 15,762
Deferred income taxes | (3,794) | 1,572 | (1,986) | 300
Total income tax expense (benefit) | 5,265 | 8,334 | 15,626 | 16,062
Earnings before equity in earnings of nonconsolidated subsidiaries | 24,264 | 17,239 | 67,029 | 49,778
Equity in earnings of nonconsolidated subsidiaries | 0 | 0 | 0 | 0
Net earnings | 24,264 | 17,239 | 67,029 | 49,778
Less: Earnings attributable to noncontrolling interests | (1,458) | (1,348) | (4,098) | (3,966)
Net earnings attributable to Valmont Industries, Inc. | $ 22,806 | $ 15,891 | $ 62,931 | $ 45,812

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