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GUARANTOR/NON-GUARANTOR FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 29, 2018 | Dec. 31, 2016
Guarantor Obligations [Line Items] |  |
Condensed Consolidated Statements of Earnings | CONSOLIDATED STATEMENTS OF EARNINGS For the Year ended December 29, 2018
| Parent |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Total
Net sales | $ | 1,192,134 |  |  | $ | 522,366 |  |  | $ | 1,303,323 |  |  | $ | (260,679 | ) |  | $ | 2,757,144 |
Cost of sales | 906,646 |  |  | 399,451 |  |  | 1,055,215 |  |  | (262,448 | ) |  | 2,098,864 |
Gross profit | 285,488 |  |  | 122,915 |  |  | 248,108 |  |  | 1,769 |  |  | 658,280 |
Selling, general and administrative expenses | 192,343 |  |  | 51,127 |  |  | 212,530 |  |  | — |  |  | 456,000 |
Operating income | 93,145 |  |  | 71,788 |  |  | 35,578 |  |  | 1,769 |  |  | 202,280 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense | (42,524 | ) |  | (14,815 | ) |  | (1,713 | ) |  | 14,815 |  |  | (44,237 | )
Interest income | 791 |  |  | 82 |  |  | 18,610 |  |  | (14,815 | ) |  | 4,668 |
Other | (17,602 | ) |  | 59 |  |  | (1,727 | ) |  | — |  |  | (19,270 | )
| (59,335 | ) |  | (14,674 | ) |  | 15,170 |  |  | — |  |  | (58,839 | )
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries | 33,810 |  |  | 57,114 |  |  | 50,748 |  |  | 1,769 |  |  | 143,441 |
Income tax expense (benefit): |  |  |  |  |  |  |  |  |
Current | 6,310 |  |  | 14,948 |  |  | 23,290 |  |  | 246 |  |  | 44,794 |
Deferred | 1,532 |  |  | 1,791 |  |  | (4,982 | ) |  | — |  |  | (1,659 | )
| 7,842 |  |  | 16,739 |  |  | 18,308 |  |  | 246 |  |  | 43,135 |
Earnings before equity in earnings of nonconsolidated subsidiaries | 25,968 |  |  | 40,375 |  |  | 32,440 |  |  | 1,523 |  |  | 100,306 |
Equity in earnings of nonconsolidated subsidiaries | 68,383 |  |  | 37,304 |  |  | — |  |  | (105,687 | ) |  | — |
Net earnings | 94,351 |  |  | 77,679 |  |  | 32,440 |  |  | (104,164 | ) |  | 100,306 |
Less: Earnings attributable to noncontrolling interests | — |  |  | — |  |  | (5,955 | ) |  | — |  |  | (5,955 | )
Net earnings attributable to Valmont Industries, Inc | $ | 94,351 |  |  | $ | 77,679 |  |  | $ | 26,485 |  |  | $ | (104,164 | ) |  | $ | 94,351 |
(21) GUARANTOR/NON-GUARANTOR FINANCIAL INFORMATION (Continued) CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS For the Year ended December 30, 2017
| Parent |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Total
Net sales | $ | 1,200,181 |  |  | $ | 485,448 |  |  | $ | 1,312,214 |  |  | $ | (251,876 | ) |  | $ | 2,745,967 |
Cost of sales | 898,799 |  |  | 375,383 |  |  | 1,042,199 |  |  | (252,182 | ) |  | 2,064,199 |
Gross profit | 301,382 |  |  | 110,065 |  |  | 270,015 |  |  | 306 |  |  | 681,768 |
Selling, general and administrative expenses | 192,182 |  |  | 47,955 |  |  | 174,551 |  |  | — |  |  | 414,688 |
Operating income | 109,200 |  |  | 62,110 |  |  | 95,464 |  |  | 306 |  |  | 267,080 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense | (43,642 | ) |  | (13,866 | ) |  | (1,003 | ) |  | 13,866 |  |  | (44,645 | )
Interest income | 838 |  |  | 42 |  |  | 17,723 |  |  | (13,866 | ) |  | 4,737 |
Other | 5,681 |  |  | 58 |  |  | (4,447 | ) |  | — |  |  | 1,292 |
| (37,123 | ) |  | (13,766 | ) |  | 12,273 |  |  | — |  |  | (38,616 | )
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries | 72,077 |  |  | 48,344 |  |  | 107,737 |  |  | 306 |  |  | 228,464 |
Income tax expense (benefit): |  |  |  |  |  |  |  |  |
Current | 29,407 |  |  | 17,928 |  |  | 18,920 |  |  | 135 |  |  | 66,390 |
Deferred | 10,307 |  |  | — |  |  | 29,448 |  |  | — |  |  | 39,755 |
| 39,714 |  |  | 17,928 |  |  | 48,368 |  |  | 135 |  |  | 106,145 |
Earnings before equity in earnings of nonconsolidated subsidiaries | 32,363 |  |  | 30,416 |  |  | 59,369 |  |  | 171 |  |  | 122,319 |
Equity in earnings of nonconsolidated subsidiaries | 83,877 |  |  | 22,146 |  |  | — |  |  | (106,023 | ) |  | — |
Net earnings | 116,240 |  |  | 52,562 |  |  | 59,369 |  |  | (105,852 | ) |  | 122,319 |
Less: Earnings attributable to noncontrolling interests | — |  |  | — |  |  | (6,079 | ) |  | — |  |  | (6,079 | )
Net earnings attributable to Valmont Industries, Inc | $ | 116,240 |  |  | $ | 52,562 |  |  | $ | 53,290 |  |  | $ | (105,852 | ) |  | $ | 116,240 |
| Parent |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Total
Net sales | $ | 1,126,985 |  |  | $ | 390,756 |  |  | $ | 1,195,812 |  |  | $ | (191,877 | ) |  | $ | 2,521,676 |
Cost of sales | 837,616 |  |  | 285,924 |  |  | 932,609 |  |  | (190,716 | ) |  | 1,865,433 |
Gross profit | 289,369 |  |  | 104,832 |  |  | 263,203 |  |  | (1,161 | ) |  | 656,243 |
Selling, general and administrative expenses | 184,493 |  |  | 46,244 |  |  | 180,132 |  |  | — |  |  | 410,869 |
Operating income | 104,876 |  |  | 58,588 |  |  | 83,071 |  |  | (1,161 | ) |  | 245,374 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense | (43,703 | ) |  | (10 | ) |  | (696 | ) |  | — |  |  | (44,409 | )
Interest income | 273 |  |  | 112 |  |  | 2,720 |  |  | — |  |  | 3,105 |
Other | 1,480 |  |  | 77 |  |  | 14,827 |  |  | — |  |  | 16,384 |
| (41,950 | ) |  | 179 |  |  | 16,851 |  |  | — |  |  | (24,920 | )
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries | 62,926 |  |  | 58,767 |  |  | 99,922 |  |  | (1,161 | ) |  | 220,454 |
Income tax expense (benefit): |  |  |  |  |  |  |  |  |
Current | 24,539 |  |  | 20,270 |  |  | 21,262 |  |  | (323 | ) |  | 65,748 |
Deferred | 6,216 |  |  | — |  |  | (29,901 | ) |  | — |  |  | (23,685 | )
| 30,755 |  |  | 20,270 |  |  | (8,639 | ) |  | (323 | ) |  | 42,063 |
Earnings before equity in earnings of nonconsolidated subsidiaries | 32,171 |  |  | 38,497 |  |  | 108,561 |  |  | (838 | ) |  | 178,391 |
Equity in earnings of nonconsolidated subsidiaries | 141,061 |  |  | 66,128 |  |  | — |  |  | (207,189 | ) |  | — |
Net earnings | 173,232 |  |  | 104,625 |  |  | 108,561 |  |  | (208,027 | ) |  | 178,391 |
Less: Earnings attributable to noncontrolling interests | — |  |  | — |  |  | (5,159 | ) |  | — |  |  | (5,159 | )
Net earnings attributable to Valmont Industries, Inc | $ | 173,232 |  |  | $ | 104,625 |  |  | $ | 103,402 |  |  | $ | (208,027 | ) |  | $ | 173,232 |
Condensed Consolidated Statements of Comprehensive Income | CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the Year ended December 29, 2018
| Parent |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Total
Net earnings | $ | 94,351 |  |  | $ | 77,679 |  |  | $ | 32,440 |  |  | $ | (104,164 | ) |  | $ | 100,306 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments: |  |  |  |  |  |  |  |  |
Unrealized translation gains (losses) | — |  |  | (6,509 | ) |  | (58,927 | ) |  | — |  |  | (65,436 | )
Realized loss on divestiture of grinding media business recorded in earnings | — |  |  | — |  |  | 9,203 |  |  | — |  |  | 9,203 |
Gain (loss) on hedging activities | 4,814 |  |  | — |  |  | — |  |  | — |  |  | 4,814 |
Actuarial gain (loss) in defined benefit pension plan liability | — |  |  | — |  |  | 29,885 |  |  | — |  |  | 29,885 |
Equity in other comprehensive income | (28,977 | ) |  | — |  |  | — |  |  | 28,977 |  |  | — |
Other comprehensive income (loss) | (24,163 | ) |  | (6,509 | ) |  | (19,839 | ) |  | 28,977 |  |  | (21,534 | )
Comprehensive income (loss) | 70,188 |  |  | 71,170 |  |  | 12,601 |  |  | (75,187 | ) |  | 78,772 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (8,584 | ) |  | — |  |  | (8,584 | )
Comprehensive income (loss) attributable to Valmont Industries, Inc. | $ | 70,188 |  |  | $ | 71,170 |  |  | $ | 4,017 |  |  | $ | (75,187 | ) |  | $ | 70,188 |
(21) GUARANTOR/NON-GUARANTOR FINANCIAL INFORMATION (Continued) CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the Year ended December 30, 2017
| Parent |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Total
Net earnings | $ | 116,240 |  |  | $ | 52,562 |  |  | $ | 59,369 |  |  | $ | (105,852 | ) |  | $ | 122,319 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments: |  |  |  |  |  |  |  |  |
Unrealized translation gains (losses) | — |  |  | 138,795 |  |  | (59,516 | ) |  | — |  |  | 79,279 |
Gain (loss) on hedging activities | (1,621 | ) |  | — |  |  | — |  |  | — |  |  | (1,621 | )
Actuarial gain (loss) in defined benefit pension plan liability | — |  |  | — |  |  | (10,871 | ) |  | — |  |  | (10,871 | )
Equity in other comprehensive income | 68,958 |  |  | — |  |  | — |  |  | (68,958 | ) |  | — |
Other comprehensive income (loss) | 67,337 |  |  | 138,795 |  |  | (70,387 | ) |  | (68,958 | ) |  | 66,787 |
Comprehensive income (loss) | 183,577 |  |  | 191,357 |  |  | (11,018 | ) |  | (174,810 | ) |  | 189,106 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (5,529 | ) |  | — |  |  | (5,529 | )
Comprehensive income (loss) attributable to Valmont Industries, Inc. | $ | 183,577 |  |  | $ | 191,357 |  |  | $ | (16,547 | ) |  | $ | (174,810 | ) |  | $ | 183,577 |
(21) GUARANTOR/NON-GUARANTOR FINANCIAL INFORMATION (Continued) CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the Year ended December 31, 2016
| Parent |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Total
Net earnings | $ | 173,232 |  |  | $ | 104,625 |  |  | $ | 108,561 |  |  | $ | (208,027 | ) |  | $ | 178,391 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments: |  |  |  |  |  |  |  |  |
Unrealized translation gains (losses) | — |  |  | 49 |  |  | (58,364 | ) |  | — |  |  | (58,315 | )
Gain (loss) on hedging activities | 4,300 |  |  | — |  |  | — |  |  | — |  |  | 4,300 |
Actuarial gain (loss) in defined benefit pension plan liability | — |  |  | — |  |  | (24,141 | ) |  | — |  |  | (24,141 | )
Equity in other comprehensive income | (83,252 | ) |  | — |  |  | — |  |  | 83,252 |  |  | — |
Other comprehensive income (loss) | (78,952 | ) |  | 49 |  |  | (82,505 | ) |  | 83,252 |  |  | (78,156 | )
Comprehensive income | 94,280 |  |  | 104,674 |  |  | 26,056 |  |  | (124,775 | ) |  | 100,235 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (6,144 | ) |  | — |  |  | (6,144 | )
Comprehensive income attributable to Valmont Industries, Inc. | $ | 94,280 |  |  | $ | 104,674 |  |  | $ | 19,912 |  |  | $ | (124,775 | ) |  | $ | 94,091 |
Condensed Consolidated Balance Sheets | CONSOLIDATED BALANCE SHEETS December 29, 2018
| Parent |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Total
ASSETS |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 104,256 |  |  | $ | 5,518 |  |  | $ | 203,436 |  |  | $ | — |  |  | $ | 313,210 |
Receivables, net | 134,943 |  |  | 75,204 |  |  | 273,816 |  |  | — |  |  | 483,963 |
Inventories | 138,158 |  |  | 37,019 |  |  | 210,791 |  |  | (2,402 | ) |  | 383,566 |
Contra asset - costs and profits in excess of billings | 50,271 |  |  | 35,200 |  |  | 27,054 |  |  | — |  |  | 112,525 |
Prepaid expenses, restricted cash, and other assets | 21,858 |  |  | 746 |  |  | 20,196 |  |  | — |  |  | 42,800 |
Refundable income taxes | 4,576 |  |  | — |  |  | — |  |  | — |  |  | 4,576 |
Total current assets | 454,062 |  |  | 153,687 |  |  | 735,293 |  |  | (2,402 | ) |  | 1,340,640 |
Property, plant and equipment, at cost | 579,046 |  |  | 172,050 |  |  | 409,769 |  |  | — |  |  | 1,160,865 |
Less accumulated depreciation and amortization | 390,438 |  |  | 93,374 |  |  | 163,061 |  |  | — |  |  | 646,873 |
Net property, plant and equipment | 188,608 |  |  | 78,676 |  |  | 246,708 |  |  | — |  |  | 513,992 |
Goodwill | 20,108 |  |  | 110,562 |  |  | 254,537 |  |  | — |  |  | 385,207 |
Other intangible assets | 76 |  |  | 27,452 |  |  | 148,428 |  |  | — |  |  | 175,956 |
Investment in subsidiaries and intercompany accounts | 1,286,545 |  |  | 1,161,612 |  |  | 932,982 |  |  | (3,381,139 | ) |  | — |
Other assets | 47,674 |  |  | — |  |  | 66,805 |  |  | — |  |  | 114,479 |
Total assets | $ | 1,997,073 |  |  | $ | 1,531,989 |  |  | $ | 2,384,753 |  |  | $ | (3,383,541 | ) |  | $ | 2,530,274 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Current installments of long-term debt | $ | — |  |  | $ | — |  |  | $ | 779 |  |  | $ | — |  |  | $ | 779 |
Notes payable to banks | — |  |  | — |  |  | 10,678 |  |  | — |  |  | 10,678 |
Accounts payable | 68,304 |  |  | 21,081 |  |  | 128,730 |  |  | — |  |  | 218,115 |
Accrued employee compensation and benefits | 41,418 |  |  | 7,186 |  |  | 30,687 |  |  | — |  |  | 79,291 |
Accrued expenses | 25,936 |  |  | 10,132 |  |  | 55,874 |  |  | — |  |  | 91,942 |
Dividends payable | 8,230 |  |  | — |  |  | — |  |  | — |  |  | 8,230 |
Total current liabilities | 143,888 |  |  | 38,399 |  |  | 226,748 |  |  | — |  |  | 409,035 |
Deferred income taxes | 14,376 |  |  | — |  |  | 29,113 |  |  | — |  |  | 43,489 |
Long-term debt, excluding current installments | 733,964 |  |  | 166,729 |  |  | 7,858 |  |  | (166,729 | ) |  | 741,822 |
Defined benefit pension liability | — |  |  | — |  |  | 143,904 |  |  | — |  |  | 143,904 |
Deferred compensation | 41,496 |  |  | — |  |  | 4,611 |  |  | — |  |  | 46,107 |
Other noncurrent liabilities | 3,587 |  |  | 620 |  |  | 6,187 |  |  | — |  |  | 10,394 |
Shareholders’ equity: |  |  |  |  |  |  |  |  |
Common stock of $1 par value | 27,900 |  |  | 457,950 |  |  | 648,682 |  |  | (1,106,632 | ) |  | 27,900 |
Additional paid-in capital | — |  |  | 162,906 |  |  | 1,107,536 |  |  | (1,270,442 | ) |  | — |
Retained earnings | 2,027,596 |  |  | 624,394 |  |  | 467,699 |  |  | (1,092,093 | ) |  | 2,027,596 |
Accumulated other comprehensive income (loss) | (303,185 | ) |  | 80,991 |  |  | (333,346 | ) |  | 252,355 |  |  | (303,185 | )
Treasury stock | (692,549 | ) |  | — |  |  | — |  |  | — |  |  | (692,549 | )
Total Valmont Industries, Inc. shareholders’ equity | 1,059,762 |  |  | 1,326,241 |  |  | 1,890,571 |  |  | (3,216,812 | ) |  | 1,059,762 |
Noncontrolling interest in consolidated subsidiaries | — |  |  | — |  |  | 75,761 |  |  | — |  |  | 75,761 |
Total shareholders’ equity | 1,059,762 |  |  | 1,326,241 |  |  | 1,966,332 |  |  | (3,216,812 | ) |  | 1,135,523 |
Total liabilities and shareholders’ equity | $ | 1,997,073 |  |  | $ | 1,531,989 |  |  | $ | 2,384,753 |  |  | $ | (3,383,541 | ) |  | $ | 2,530,274 |
(21) GUARANTOR/NON-GUARANTOR FINANCIAL INFORMATION (Continued) CONDENSED CONSOLIDATED BALANCE SHEETS |
Condensed Consolidated Statements of Cash Flows | CONSOLIDATED STATEMENTS OF CASH FLOWS For the Year ended December 29, 2018
| Parent |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Total
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net earnings | $ | 94,351 |  |  | $ | 77,679 |  |  | $ | 32,440 |  |  | $ | (104,164 | ) |  | $ | 100,306 |
Adjustments to reconcile net earnings to net cash flows from operations: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 26,155 |  |  | 13,959 |  |  | 42,713 |  |  | — |  |  | 82,827 |
Noncash loss on trading securities | — |  |  | — |  |  | (62 | ) |  | — |  |  | (62 | )
Contribution to defined benefit pension plan | — |  |  | — |  |  | (1,537 | ) |  | — |  |  | (1,537 | )
Impairment of property, plant and equipment | — |  |  | — |  |  | 5,000 |  |  | — |  |  | 5,000 |
Impairment of goodwill & intangible assets | — |  |  | — |  |  | 15,780 |  |  | — |  |  | 15,780 |
Loss on divestiture of grinding media business | 2,518 |  |  | — |  |  | 3,566 |  |  | — |  |  | 6,084 |
Stock-based compensation | 10,392 |  |  | — |  |  | — |  |  | — |  |  | 10,392 |
Defined benefit pension plan (benefit) | — |  |  | — |  |  | (2,251 | ) |  | — |  |  | (2,251 | )
(Gain) loss on sale of property, plant and equipment | 57 |  |  | (37 | ) |  | (245 | ) |  | — |  |  | (225 | )
Equity in earnings in nonconsolidated subsidiaries | (68,383 | ) |  | (37,304 | ) |  | — |  |  | 105,687 |  |  | — |
Deferred income taxes | 1,532 |  |  | 1,791 |  |  | (4,982 | ) |  | — |  |  | (1,659 | )
Changes in assets and liabilities (net of acquisitions): |  |  |  |  |  |  |  |  |
Net working capital | (17,681 | ) |  | (13,962 | ) |  | (13,208 | ) |  | (1,769 | ) |  | (46,620 | )
Other noncurrent liabilities | (7,345 | ) |  | 615 |  |  | (4,158 | ) |  | — |  |  | (10,888 | )
Income taxes payable (refundable) | (6,176 | ) |  | (1,303 | ) |  | 3,340 |  |  | — |  |  | (4,139 | )
Net cash flows from operating activities | 35,420 |  |  | 41,438 |  |  | 76,396 |  |  | (246 | ) |  | 153,008 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of property, plant and equipment | (25,255 | ) |  | (13,115 | ) |  | (33,615 | ) |  | — |  |  | (71,985 | )
Proceeds from sale of assets | 44 |  |  | 268 |  |  | 62,791 |  |  | — |  |  | 63,103 |
Acquisitions, net of cash acquired | (57,805 | ) |  | — |  |  | (85,215 | ) |  | — |  |  | (143,020 | )
Proceeds from settlement of net investment hedge | (1,621 | ) |  | — |  |  | — |  |  | — |  |  | (1,621 | )
Other, net | 69,714 |  |  | (42,667 | ) |  | (29,215 | ) |  | 246 |  |  | (1,922 | )
Net cash flows from investing activities | (14,923 | ) |  | (55,514 | ) |  | (85,254 | ) |  | 246 |  |  | (155,445 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Borrowings under short-term agreements | — |  |  | — |  |  | 10,543 |  |  | — |  |  | 10,543 |
Proceeds from long-term borrowings | 245,936 |  |  | — |  |  | 5,719 |  |  | — |  |  | 251,655 |
Principal payments on long-term borrowings | (261,219 | ) |  | — |  |  | (972 | ) |  | — |  |  | (262,191 | )
Settlement of financial derivative | (2,467 | ) |  | — |  |  | — |  |  | — |  |  | (2,467 | )
Debt issuance costs | (2,322 | ) |  | — |  |  | — |  |  | — |  |  | (2,322 | )
Dividends paid | (33,726 | ) |  | — |  |  | — |  |  | — |  |  | (33,726 | )
Dividends to noncontrolling interest | — |  |  | — |  |  | (7,055 | ) |  | — |  |  | (7,055 | )
Intercompany dividends | 168,757 |  |  | 11,296 |  |  | (180,053 | ) |  | — |  |  | — |
Intercompany capital contribution | (3,492 | ) |  | 3,492 |  |  | — |  |  | — |  |  | — |
Purchase of noncontrolling interest | — |  |  | — |  |  | (5,510 | ) |  | — |  |  | (5,510 | )
Proceeds from exercises under stock plans | 7,357 |  |  | — |  |  | — |  |  | — |  |  | 7,357 |
Purchase of treasury shares | (114,805 | ) |  | — |  |  | — |  |  | — |  |  | (114,805 | )
Purchase of common treasury shares - stock plan exercises | (3,589 | ) |  | — |  |  | — |  |  | — |  |  | (3,589 | )
Net cash flows from financing activities | 430 |  |  | 14,788 |  |  | (177,328 | ) |  | — |  |  | (162,110 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | (498 | ) |  | (14,550 | ) |  | — |  |  | (15,048 | )
Net change in cash and cash equivalents | 20,927 |  |  | 214 |  |  | (200,736 | ) |  | — |  |  | (179,595 | )
Cash, cash equivalents, and restricted cash—beginning of year | 83,329 |  |  | 5,304 |  |  | 404,172 |  |  | — |  |  | 492,805 |
Cash, cash equivalents, and restricted cash—end of period | $ | 104,256 |  |  | $ | 5,518 |  |  | $ | 203,436 |  |  | $ | — |  |  | $ | 313,210 |
(21) GUARANTOR/NON-GUARANTOR FINANCIAL INFORMATION (Continued) CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the Year ended December 30, 2017
| Parent |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Total
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net earnings | $ | 116,240 |  |  | $ | 52,562 |  |  | $ | 59,369 |  |  | $ | (105,852 | ) |  | $ | 122,319 |
Adjustments to reconcile net earnings to net cash flows from operations: |  |  |  |  |  |  |  |  |
Depreciation and amortization | 26,237 |  |  | 15,003 |  |  | 43,717 |  |  | — |  |  | 84,957 |
Noncash loss on trading securities | — |  |  | — |  |  | 237 |  |  | — |  |  | 237 |
Stock-based compensation | 10,706 |  |  | — |  |  | — |  |  | — |  |  | 10,706 |
Defined benefit pension plan expense (benefit) | — |  |  | — |  |  | 648 |  |  | — |  |  | 648 |
Contribution to defined benefit pension plan | — |  |  | — |  |  | (40,245 | ) |  | — |  |  | (40,245 | )
(Gain) loss on sale of property, plant and equipment | (664 | ) |  | 8 |  |  | (3,268 | ) |  | — |  |  | (3,924 | )
Equity in earnings in nonconsolidated subsidiaries | (83,877 | ) |  | (22,146 | ) |  | — |  |  | 106,023 |  |  | — |
Deferred income taxes | 10,307 |  |  | — |  |  | 29,448 |  |  | — |  |  | 39,755 |
Changes in assets and liabilities (net of acquisitions): |  |  |  |  |  |  |  |  |
Net working capital | (23,943 | ) |  | (25,717 | ) |  | (25,219 | ) |  | (306 | ) |  | (75,185 | )
Other noncurrent liabilities | (140 | ) |  | — |  |  | (7,088 | ) |  | — |  |  | (7,228 | )
Income taxes payable (refundable) | (11,837 | ) |  | 728 |  |  | 12,217 |  |  | — |  |  | 1,108 |
Net cash flows from operating activities | 43,029 |  |  | 20,438 |  |  | 69,816 |  |  | (135 | ) |  | 133,148 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of property, plant and equipment | (20,460 | ) |  | (9,454 | ) |  | (25,352 | ) |  | — |  |  | (55,266 | )
Proceeds from sale of assets | 748 |  |  | 3 |  |  | 7,434 |  |  | — |  |  | 8,185 |
Acquisitions, net of cash acquired | — |  |  | — |  |  | (5,362 | ) |  | — |  |  | (5,362 | )
Proceeds from settlement of net investment hedge | 5,123 |  |  | — |  |  | — |  |  | — |  |  | 5,123 |
Other, net | 684 |  |  | (22,777 | ) |  | 19,663 |  |  | 135 |  |  | (2,295 | )
Net cash flows from investing activities | (13,905 | ) |  | (32,228 | ) |  | (3,617 | ) |  | 135 |  |  | (49,615 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Payments under short-term agreements | — |  |  | — |  |  | (585 | ) |  | — |  |  | (585 | )
Principal payments on long-term borrowings | — |  |  | — |  |  | (887 | ) |  | — |  |  | (887 | )
Dividends paid | (33,862 | ) |  | — |  |  | — |  |  | — |  |  | (33,862 | )
Dividends to noncontrolling interest | — |  |  | — |  |  | (5,674 | ) |  | — |  |  | (5,674 | )
Intercompany dividends | 22,662 |  |  | — |  |  | (22,662 | ) |  | — |  |  | — |
Intercompany capital contribution | (10,818 | ) |  | 10,818 |  |  | — |  |  | — |  |  | — |
Proceeds from exercises under stock plans | 35,159 |  |  | — |  |  | — |  |  | — |  |  | 35,159 |
Purchase of common treasury shares - stock plan exercises | (26,161 | ) |  | — |  |  | — |  |  | — |  |  | (26,161 | )
Net cash flows from financing activities | (13,020 | ) |  | 10,818 |  |  | (29,808 | ) |  | — |  |  | (32,010 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | 205 |  |  | 27,477 |  |  | — |  |  | 27,682 |
Net change in cash and cash equivalents | 16,104 |  |  | (767 | ) |  | 63,868 |  |  | — |  |  | 79,205 |
Cash, cash equivalents, and restricted cash—beginning of year | 67,225 |  |  | 6,071 |  |  | 340,304 |  |  | — |  |  | 413,600 |
Cash, cash equivalents, and restricted cash—end of period | $ | 83,329 |  |  | $ | 5,304 |  |  | $ | 404,172 |  |  | $ | — |  |  | $ | 492,805 |
(21) GUARANTOR/NON-GUARANTOR FINANCIAL INFORMATION (Continued) CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the Year ended December 31, 2016 |

X
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- Definition This element represents the consolidated comprehensive income segregating the Parent, Guarantor Subsidiaries, Non-Guarantor Subsidiaries and eliminations. + References No definition available. + Details
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- Definition This element represents the consolidated results of operations segregating the Parent, Guarantor Subsidiaries, Non-Guarantor Subsidiaries and eliminations. + References No definition available. + Details
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