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BUSINESS SEGMENTS | 12 Months Ended
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Dec. 25, 2021
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 and distribution of engineered poles, towers, and components for 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, concrete and composite structures for utility markets, including transmission, distribution, substations, and renewable energy generation equipment; COATINGS: This segment consists of galvanizing, painting and anodizing services to preserve and protect metal products; and IRRIGATION: This segment consists of the manufacture of center pivot and linear irrigation equipment for agricultural markets, including parts, services and tubular products, and advanced technology solutions for water management and precision agriculture. 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's operating income for segment purposes excludes unallocated corporate general and administrative expenses, interest expense, non-operating income and deductions, or income taxes. 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 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 |
No single customer accounted for more than 10% of net sales in 2021, 2020, or 2019. 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 9% of the Company's net sales in 2021; no other foreign country accounted for more than 6% 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -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 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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