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BUSINESS SEGMENTS | 12 Months Ended
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Dec. 29, 2018
Segment Reporting [Abstract] |
BUSINESS SEGMENTS | BUSINESS SEGMENTS The Company has four reportable segments based on its management structure. Each segment is global in nature with a manager responsible for segment operational performance and the allocation of capital within the segment. Net corporate expense is net of certain service‑related expenses that are allocated to business units generally on the basis of employee headcounts and sales dollars. Reportable segments are as follows: ENGINEERED SUPPORT STRUCTURES: This segment consists of the manufacture of engineered metal and composite poles, towers, and components for global lighting, traffic, and wireless communication markets, engineered access systems, integrated structure solutions for smart cities, and highway safety products; UTILITY SUPPORT STRUCTURES: This segment consists of the manufacture of engineered steel and concrete structures for the global utility transmission, distribution, and generation applications, renewable energy generation equipment, and inspection services; COATINGS: This segment consists of galvanizing, painting, and anodizing services; and IRRIGATION: This segment consists of the manufacture of agricultural irrigation equipment, parts, services, tubular products, water management solutions, and technology for precision agriculture. In addition to these four reportable segments, the Company had other businesses and activities that individually are not more than 10% of consolidated sales, operating income or assets. This includes the manufacture of forged steel grinding media for the mining industry and is reported in the "Other" category until its divestiture in 2018. The accounting policies of the reportable segments are the same as those described in Note 1. The Company evaluates the performance of its business segments based upon operating income and invested capital. The Company does not allocate LIFO expense, interest expense, non-operating income and deductions, or income taxes to its business segments. (20) BUSINESS SEGMENTS (Continued) Summary by Business
| 2018 |  | 2017 |  | 2016
SALES: |  |  |  |  |
Engineered Support Structures segment: |  |  |  |  |
Lighting, Traffic, and Roadway Products | $ | 706,582 |  |  | $ | 633,178 |  |  | $ | 612,868 |
Communication Products | 149,817 |  |  | 171,718 |  |  | 162,148 |
Access Systems | 130,481 |  |  | 133,206 |  |  | 131,703 |
Engineered Support Structures segment | 986,880 |  |  | 938,102 |  |  | 906,719 |
Utility Support Structures segment: |  |  |  |  |
Steel | 637,979 |  |  | 658,604 |  |  | 538,284 |
Concrete | 111,875 |  |  | 99,738 |  |  | 90,256 |
Engineered Solar Tracker Solutions | 16,760 |  |  | — |  |  | — |
Offshore and Other Complex Steel Structures | 92,559 |  |  | 100,773 |  |  | 107,824 |
Utility Support Structures segment | 859,173 |  |  | 859,115 |  |  | 736,364 |
Coatings segment | 353,351 |  |  | 318,891 |  |  | 289,481 |
Irrigation segment: |  |  |  |  |
North America | 386,683 |  |  | 369,832 |  |  | 351,436 |
International | 246,983 |  |  | 282,598 |  |  | 223,768 |
Irrigation segment | 633,666 |  |  | 652,430 |  |  | 575,204 |
Other | 23,080 |  |  | 76,300 |  |  | 83,110 |
Total | 2,856,150 |  |  | 2,844,838 |  |  | 2,590,878 |
INTERSEGMENT SALES: |  |  |  |  |
Engineered Support Structures | 19,522 |  |  | 25,862 |  |  | 15,620 |
Utility Support Structures | 3,967 |  |  | 2,871 |  |  | 747 |
Coatings | 66,612 |  |  | 62,080 |  |  | 45,604 |
Irrigation | 8,905 |  |  | 8,058 |  |  | 7,231 |
Total | 99,006 |  |  | 98,871 |  |  | 69,202 |
NET SALES: |  |  |  |  |
Engineered Support Structures segment | 967,358 |  |  | 912,240 |  |  | 891,099 |
Utility Support Structures segment | 855,206 |  |  | 856,244 |  |  | 735,617 |
Coatings segment | 286,739 |  |  | 256,811 |  |  | 243,877 |
Irrigation segment | 624,761 |  |  | 644,372 |  |  | 567,973 |
Other | 23,080 |  |  | 76,300 |  |  | 83,110 |
Total | $ | 2,757,144 |  |  | $ | 2,745,967 |  |  | $ | 2,521,676 |
(20) BUSINESS SEGMENTS (Continued)
| 2018 |  | 2017 |  | 2016
OPERATING INCOME (LOSS): |  |  |  |  |
Engineered Support Structures | $ | 34,776 |  |  | $ | 62,960 |  |  | $ | 72,273 |
Utility Support Structures | 64,766 |  |  | 97,853 |  |  | 71,171 |
Coatings | 55,325 |  |  | 50,179 |  |  | 46,596 |
Irrigation | 97,722 |  |  | 101,498 |  |  | 90,945 |
Other | (913 | ) |  | 2,134 |  |  | 8,730 |
Adjustment to LIFO inventory valuation method | (9,892 | ) |  | (5,680 | ) |  | (2,972 | )
Corporate | (39,504 | ) |  | (41,864 | ) |  | (41,369 | )
Total | 202,280 |  |  | 267,080 |  |  | 245,374 |
Interest expense, net | (39,569 | ) |  | (39,908 | ) |  | (41,304 | )
Costs associated with refinancing of debt | (14,820 | ) |  | — |  |  | — |
Loss from divestiture of grinding media business | (6,084 | ) |  | — |  |  | — |
Other | 1,634 |  |  | 1,292 |  |  | 16,384 |
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries | $ | 143,441 |  |  | $ | 228,464 |  |  | $ | 220,454 |
TOTAL ASSETS: |  |  |  |  |
Engineered Support Structures | $ | 867,735 |  |  | $ | 846,881 |  |  | $ | 776,161 |
Utility Support Structures | 700,915 |  |  | 597,231 |  |  | 544,015 |
Coatings | 294,951 |  |  | 288,890 |  |  | 274,666 |
Irrigation | 347,894 |  |  | 369,798 |  |  | 313,982 |
Other | — |  |  | 68,934 |  |  | 65,296 |
Corporate | 318,779 |  |  | 430,516 |  |  | 417,611 |
Total | $ | 2,530,274 |  |  | $ | 2,602,250 |  |  | $ | 2,391,731 |
CAPITAL EXPENDITURES: |  |  |  |  |
Engineered Support Structures | $ | 26,783 |  |  | $ | 16,433 |  |  | $ | 13,313 |
Utility Support Structures | 17,442 |  |  | 14,012 |  |  | 7,969 |
Coatings | 10,320 |  |  | 11,080 |  |  | 24,873 |
Irrigation | 7,249 |  |  | 7,055 |  |  | 8,836 |
Other | 7 |  |  | 2,376 |  |  | 1,601 |
Corporate | 10,184 |  |  | 4,310 |  |  | 1,328 |
Total | $ | 71,985 |  |  | $ | 55,266 |  |  | $ | 57,920 |
(20) BUSINESS SEGMENTS (Continued)
| 2018 |  | 2017 |  | 2016
DEPRECIATION AND AMORTIZATION: |  |  |  |  |
Engineered Support Structures | $ | 27,274 |  |  | $ | 27,637 |  |  | $ | 27,824 |
Utility Support Structures | 23,618 |  |  | 25,079 |  |  | 24,639 |
Coatings | 15,956 |  |  | 15,115 |  |  | 12,883 |
Irrigation | 11,335 |  |  | 11,173 |  |  | 12,097 |
Other | 775 |  |  | 2,486 |  |  | 2,502 |
Corporate | 3,869 |  |  | 3,467 |  |  | 2,472 |
Total | $ | 82,827 |  |  | $ | 84,957 |  |  | $ | 82,417 |
Summary by Geographical Area by Location of Valmont Facilities:
| 2018 |  | 2017 |  | 2016
NET SALES: |  |  |  |  |
United States | $ | 1,771,390 |  |  | $ | 1,702,826 |  |  | $ | 1,535,321 |
Australia | 325,553 |  |  | 356,959 |  |  | 315,470 |
Denmark | 92,559 |  |  | 100,773 |  |  | 99,719 |
Other | 567,642 |  |  | 585,409 |  |  | 571,166 |
Total | $ | 2,757,144 |  |  | $ | 2,745,967 |  |  | $ | 2,521,676 |
LONG-LIVED ASSETS: |  |  |  |  |
United States | $ | 624,143 |  |  | $ | 544,724 |  |  | $ | 568,085 |
Australia | 168,438 |  |  | 227,483 |  |  | 216,416 |
Denmark | 64,497 |  |  | 90,372 |  |  | 85,654 |
Other | 332,556 |  |  | 267,106 |  |  | 268,360 |
Total | $ | 1,189,634 |  |  | $ | 1,129,685 |  |  | $ | 1,138,515 |
No single customer accounted for more than 10% of net sales in 2018, 2017, or 2016. Net sales by geographical area are based on the location of the facility producing the sales and do not include sales to other operating units of the company. Australia accounted for approximately 12% of the Company's net sales in 2018; no other foreign country accounted for more than 5% of the Company’s net sales. Operating income by business segment are based on net sales less identifiable operating expenses and allocations and includes profits recorded on sales to other operating units of the company. Long-lived assets consist of property, plant and equipment, net of depreciation, goodwill, other intangible assets and other assets. Long-lived assets by geographical area are based on location of facilities.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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