XML 70 R48.htm IDEA: XBRL DOCUMENT
v3.22.0.1

BUSINESS SEGMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 25, 2021
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information of Sales and Operating Income | Summary by Business
| 2021 |  | 2020 |  | 2019
SALES: |  |  |  |  |
Utility Support Structures segment: |  |  |  |  |
Steel | $ | 770,104 |  |  | $ | 635,220 |  |  | $ | 630,892 |
Concrete | 165,501 |  |  | 160,544 |  |  | 122,032 |
Engineered Solar Tracker Solutions | 62,904 |  |  | 86,382 |  |  | 47,450 |
Offshore and Other Complex Steel Structures | 123,001 |  |  | 120,063 |  |  | 90,206 |
Utility Support Structures segment | 1,121,510 |  |  | 1,002,209 |  |  | 890,580 |
Engineered Support Structures segment: |  |  |  |  |
Lighting, Traffic, and Highway Safety Products | 717,650 |  |  | 717,216 |  |  | 708,853 |
Communication Products | 240,171 |  |  | 190,203 |  |  | 188,912 |
Access Systems | 106,940 |  |  | 88,421 |  |  | 114,525 |
Engineered Support Structures segment | 1,064,761 |  |  | 995,840 |  |  | 1,012,290 |
Coatings segment | 386,313 |  |  | 345,312 |  |  | 367,835 |
Irrigation segment: |  |  |  |  |
North America | 545,574 |  |  | 378,424 |  |  | 378,613 |
International | 483,143 |  |  | 267,407 |  |  | 206,583 |
Irrigation segment | 1,028,717 |  |  | 645,831 |  |  | 585,196 |
Total | 3,601,301 |  |  | 2,989,192 |  |  | 2,855,901 |
INTERSEGMENT SALES: |  |  |  |  |
Utility Support Structures | 506 |  |  | 71 |  |  | 4,972 |
Engineered Support Structures | 321 |  |  | 12,317 |  |  | 10,214 |
Coatings | 87,232 |  |  | 75,710 |  |  | 67,195 |
Irrigation | 11,667 |  |  | 5,739 |  |  | 6,544 |
Total | 99,726 |  |  | 93,837 |  |  | 88,925 |
NET SALES: |  |  |  |  |
Utility Support Structures segment | 1,121,004 |  |  | 1,002,138 |  |  | 885,608 |
Engineered Support Structures segment | 1,064,440 |  |  | 983,523 |  |  | 1,002,076 |
Coatings segment | 299,081 |  |  | 269,602 |  |  | 300,640 |
Irrigation segment | 1,017,050 |  |  | 640,092 |  |  | 578,652 |
Total | $ | 3,501,575 |  |  | $ | 2,895,355 |  |  | $ | 2,766,976 |
| 2021 |  | 2020 |  | 2019
OPERATING INCOME (LOSS): |  |  |  |  |
Utility Support Structures | $ | 67,624 |  |  | $ | 100,855 |  |  | $ | 87,788 |
Engineered Support Structures | 115,417 |  |  | 65,342 |  |  | 65,627 |
Coatings | 50,365 |  |  | 42,975 |  |  | 51,008 |
Irrigation | 137,027 |  |  | 83,046 |  |  | 71,687 |
Corporate | (83,648) |  |  | (66,265) |  |  | (48,205) |
Total | 286,785 |  |  | 225,953 |  |  | 227,905 |
Interest expense, net | (41,420) |  |  | (38,701) |  |  | (36,211) |
Other | 14,718 |  |  | 5,516 |  |  | 8,164 |
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries | $ | 260,083 |  |  | $ | 192,768 |  |  | $ | 199,858 |
TOTAL ASSETS: |  |  |  |  |
Utility Support Structures | $ | 827,083 |  |  | $ | 778,127 |  |  | $ | 742,194 |
Engineered Support Structures | 977,334 |  |  | 932,565 |  |  | 944,428 |
Coatings | 366,026 |  |  | 360,594 |  |  | 363,070 |
Irrigation | 1,027,272 |  |  | 465,322 |  |  | 347,887 |
Corporate | 249,534 |  |  | 416,552 |  |  | 409,637 |
Total | $ | 3,447,249 |  |  | $ | 2,953,160 |  |  | $ | 2,807,216 |
CAPITAL EXPENDITURES: |  |  |  |  |
Utility Support Structures | 36,718 |  |  | 34,495 |  |  | 26,306 |
Engineered Support Structures | 16,578 |  |  | 24,447 |  |  | 25,344 |
Coatings | 19,178 |  |  | 22,132 |  |  | 23,610 |
Irrigation | 17,509 |  |  | 16,740 |  |  | 15,644 |
Corporate | 17,807 |  |  | 8,886 |  |  | 6,521 |
Total | $ | 107,790 |  |  | $ | 106,700 |  |  | $ | 97,425 |
| 2021 |  | 2020 |  | 2019
DEPRECIATION AND AMORTIZATION: |  |  |  |  |
Utility Support Structures | $ | 24,075 |  |  | $ | 23,641 |  |  | $ | 23,779 |
Engineered Support Structures | 24,733 |  |  | 25,399 |  |  | 26,280 |
Coatings | 16,928 |  |  | 15,793 |  |  | 15,907 |
Irrigation | 17,813 |  |  | 12,098 |  |  | 10,943 |
Corporate | 9,028 |  |  | 5,961 |  |  | 5,355 |
Total | $ | 92,577 |  |  | $ | 82,892 |  |  | $ | 82,264 |
Summary by Geographical Area by Location | Summary by Geographical Area by Location of Valmont Facilities:
| 2021 |  | 2020 |  | 2019
NET SALES: |  |  |  |  |
United States | $ | 2,260,198 |  |  | $ | 1,919,136 |  |  | $ | 1,872,840 |
Australia | 297,720 |  |  | 252,253 |  |  | 255,271 |
Brazil | 200,402 |  |  | 103,591 |  |  | 77,996 |
Denmark | 123,001 |  |  | 120,063 |  |  | 90,206 |
Other | 620,254 |  |  | 500,312 |  |  | 470,663 |
Total | $ | 3,501,575 |  |  | $ | 2,895,355 |  |  | $ | 2,766,976 |
LONG-LIVED ASSETS: |  |  |  |  |
United States | $ | 1,172,552 |  |  | $ | 748,886 |  |  | $ | 753,545 |
Australia | 173,240 |  |  | 179,673 |  |  | 193,029 |
Brazil | 28,583 |  |  | 17,151 |  |  | 7,963 |
Denmark | 21,232 |  |  | 61,546 |  |  | 58,435 |
Other | 338,879 |  |  | 391,279 |  |  | 362,020 |
Total | $ | 1,734,486 |  |  | $ | 1,398,535 |  |  | $ | 1,374,992 |

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration