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EARNINGS PER SHARE | 12 Months Ended
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Dec. 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
2020: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 140,693 |  |  | $ | — |  |  | $ | 140,693 |
Weighted average shares outstanding (000's) | 21,315 |  |  | 110 |  |  | 21,425 |
Per share amount | $ | 6.60 |  |  | $ | 0.03 |  |  | $ | 6.57 |
2019: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 146,408 |  |  | $ | — |  |  | $ | 146,408 |
Weighted average shares outstanding (000's) | 21,659 |  |  | 110 |  |  | 21,769 |
Per share amount | $ | 6.76 |  |  | $ | 0.03 |  |  | $ | 6.73 |
2018: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 101,770 |  |  | $ | — |  |  | $ | 101,770 |
Weighted average shares outstanding (000's) | 22,306 |  |  | 140 |  |  | 22,446 |
Per share amount | $ | 4.56 |  |  | $ | 0.03 |  |  | $ | 4.53 |
Basic and diluted net earnings and earnings per share in fiscal 2020 was impacted by impairments of goodwill and intangible assets in fiscal 2020 of $16,220 after-tax ($0.76 per share) and restructuring expenses of $17,324 after-tax ($0.81 per share). Basic and diluted net earnings and earnings per share in fiscal 2018 was impacted by impairments of goodwill and intangible assets of $14,736 after-tax ($0.66 per share), restructuring expenses and non-recurring asset impairments arising from exiting certain local markets of $37,779 after-tax ($1.68 per share), refinancing of long-term debt expenses of $11,115 after-tax ($0.50 per share), and a loss from the divestiture of the grinding media business of $5,350 after-tax ($0.24 per share). Earnings per share are computed independently for each of the quarters. Therefore, the sum of the quarterly earnings per share may not equal the total for the year. At the end of fiscal years 2020, 2019, and 2018 there were 0, 130,704, and 406,806 outstanding stock options, respectively, 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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