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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2018
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 30, 2018: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 32,960 |  |  | $ | — |  |  | $ | 32,960 |
Shares outstanding (000 omitted) | 22,438 |  |  | 135 |  |  | 22,573 |
Per share amount | $ | 1.47 |  |  | $ | (0.01 | ) |  | $ | 1.46 |
Thirteen weeks ended July 1, 2017: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 45,664 |  |  | $ | — |  |  | $ | 45,664 |
Shares outstanding (000 omitted) | 22,517 |  |  | 223 |  |  | 22,740 |
Per share amount | $ | 2.03 |  |  | $ | (0.02 | ) |  | $ | 2.01 |
Twenty-six weeks ended June 30, 2018: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 72,241 |  |  | $ | — |  |  | $ | 72,241 |
Shares outstanding (000 omitted) | 22,523 |  |  | 161 |  |  | 22,684 |
Per share amount | $ | 3.21 |  |  | $ | (0.03 | ) |  | $ | 3.18 |
Twenty-six weeks ended July 1, 2017: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 84,643 |  |  | $ | — |  |  | $ | 84,643 |
Shares outstanding (000 omitted) | 22,494 |  |  | 206 |  |  | 22,700 |
Per share amount | $ | 3.76 |  |  | $ | (0.03 | ) |  | $ | 3.73 |
Basic and diluted earnings per share in the second quarter and first half of 2018 were impacted by the 2018 Restructuring Plan costs of $6,295, after-tax ($0.28 per share) and $9,620, after-tax ($0.43 per share), respectively. In addition, the Company divested of its grinding media business in the second quarter of 2018 resulting in a loss of $5,455, after-tax ($0.24 per share). At June 30, 2018 and July 1, 2017, there were 145,105 and 84,712 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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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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