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EARNINGS PER SHARE | 3 Months Ended
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Mar. 26, 2022
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 March 26, 2022: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 62,311 |  |  | $ | — |  |  | $ | 62,311 |
Weighted average shares outstanding (000's) | 21,279 |  |  | 213 |  |  | 21,492 |
Per share amount | $ | 2.93 |  |  | $ | (0.03) |  |  | $ | 2.90 |
Thirteen weeks ended March 27, 2021: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 55,014 |  |  | $ | — |  |  | $ | 55,014 |
Weighted average shares outstanding (000's) | 21,179 |  |  | 250 |  |  | 21,429 |
Per share amount | $ | 2.60 |  |  | $ | (0.03) |  |  | $ | 2.57 |
At March 26, 2022 and March 27, 2021, there were 47,223 and 0 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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