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EARNINGS PER SHARE | 9 Months Ended
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Sep. 29, 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 September 29, 2018: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 4,448 |  |  | $ | — |  |  | $ | 4,448 |
Shares outstanding (000 omitted) | 22,215 |  |  | 137 |  |  | 22,352 |
Per share amount | $ | 0.20 |  |  | $ | — |  |  | $ | 0.20 |
Thirteen weeks ended September 30, 2017: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 35,208 |  |  | $ | — |  |  | $ | 35,208 |
Shares outstanding (000 omitted) | 22,527 |  |  | 224 |  |  | 22,751 |
Per share amount | $ | 1.56 |  |  | $ | (0.01 | ) |  | $ | 1.55 |
Thirty-nine weeks ended September 29, 2018: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 76,689 |  |  | $ | — |  |  | $ | 76,689 |
Shares outstanding (000 omitted) | 22,421 |  |  | 153 |  |  | 22,574 |
Per share amount | $ | 3.42 |  |  | $ | (0.02 | ) |  | $ | 3.40 |
Thirty-nine weeks ended September 30, 2017: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 119,851 |  |  | $ | — |  |  | $ | 119,851 |
Shares outstanding (000 omitted) | 22,505 |  |  | 212 |  |  | 22,717 |
Per share amount | $ | 5.33 |  |  | $ | (0.05 | ) |  | $ | 5.28 |
Basic and diluted earnings per share in the third quarter and first three quarters of 2018 were impacted by the 2018 Restructuring Plan costs of $7,858, after-tax ($0.35 per share) and $17,478, after-tax ($0.77 per share), respectively. In the third quarter of 2018, the Company impaired the goodwill and trade name for its offshore and other complex steel structures business and paid off the 2020 bonds, resulting in a charge of $15,479, after tax ($0.69 per share) and $11,115, after tax ($0.50 per share), respectively. The Company incurred acquisition due diligence costs of $2,349, after tax ($0.11 per share) and $3,155, after tax ($0.14 per share) in the third quarter and first three quarters of 2018, respectively. 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 September 29, 2018 and September 30, 2017, there were 190,021 and 0 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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