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EARNINGS PER SHARE | 9 Months Ended
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Sep. 26, 2020
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 26, 2020: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 39,342 |  |  | $ | — |  |  | $ | 39,342 |
Weighted average shares outstanding (000's) | 21,309 |  |  | 107 |  |  | 21,416 |
Per share amount | $ | 1.85 |  |  | $ | (0.01) |  |  | $ | 1.84 |
Thirteen weeks ended September 28, 2019: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 38,045 |  |  | $ | — |  |  | $ | 38,045 |
Weighted average shares outstanding (000's) | 21,556 |  |  | 128 |  |  | 21,684 |
Per share amount | $ | 1.76 |  |  | $ | (0.01) |  |  | $ | 1.75 |
Thirty-nine weeks ended September 26, 2020 |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 104,878 |  |  | $ | — |  |  | $ | 104,878 |
Weighted average shares outstanding (000's) | 21,358 |  |  | 95 |  |  | 21,453 |
Per share amount | $ | 4.91 |  |  | $ | (0.02) |  |  | $ | 4.89 |
Thirty-nine weeks ended September 28, 2019: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 113,868 |  |  | $ | — |  |  | $ | 113,868 |
Weighted average shares outstanding (000's) | 21,725 |  |  | 101 |  |  | 21,826 |
Per share amount | $ | 5.24 |  |  | $ | (0.02) |  |  | $ | 5.22 |
At September 26, 2020 and September 28, 2019, there were 296,966 and 177,153 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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