XML 68 R44.htm IDEA: XBRL DOCUMENT
v3.22.2

BUSINESS SEGMENTS - Summary By Business (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 25, 2022 | Jun. 26, 2021 | Jun. 25, 2022 | Jun. 26, 2021
Business Segments |  |  |  |
Net sales | $ 1,135,532 | $ 894,629 | $ 2,116,352 | $ 1,669,515
Operating income | 118,719 | 82,625 | 213,561 | 159,836
Transmission, Distribution and Substation |  |  |  |
Business Segments |  |  |  |
Net sales | 295,835 | 220,458 | 577,435 | 428,902
Lighting and Transportation |  |  |  |
Business Segments |  |  |  |
Net sales | 246,652 | 215,247 | 459,419 | 391,763
Coatings |  |  |  |
Business Segments |  |  |  |
Net sales | 86,121 | 77,550 | 164,996 | 149,142
Telecommunications |  |  |  |
Business Segments |  |  |  |
Net sales | 78,539 | 54,102 | 139,935 | 99,742
Renewable Energy |  |  |  |
Business Segments |  |  |  |
Net sales | 53,603 | 47,451 | 96,590 | 91,704
Irrigation Equipment and Parts, excluding Technology |  |  |  |
Business Segments |  |  |  |
Net sales | 344,602 | 251,306 | 619,251 | 457,341
Technology Products and Services |  |  |  |
Business Segments |  |  |  |
Net sales | 30,180 | 28,515 | 58,726 | 50,921
North America |  |  |  |
Business Segments |  |  |  |
Net sales | 756,636 | 572,265 | 1,438,385 | 1,076,326
International |  |  |  |
Business Segments |  |  |  |
Net sales | 378,896 | 322,364 | 677,967 | 593,189
Infrastructure |  |  |  |
Business Segments |  |  |  |
Net sales | 760,750 | 614,808 | 1,438,375 | 1,161,253
Operating income | 84,643 | 61,550 | 162,150 | 115,999
Agriculture |  |  |  |
Business Segments |  |  |  |
Net sales | 374,782 | 279,821 | 677,977 | 508,262
Operating income | 58,046 | 41,984 | 95,521 | 80,732
Corporate |  |  |  |
Business Segments |  |  |  |
Operating income | (23,970) | (20,909) | (44,110) | (36,895)
Operating Segment |  |  |  |
Business Segments |  |  |  |
Net sales | 1,142,715 | 899,569 | 2,130,021 | 1,678,879
Operating Segment | Infrastructure |  |  |  |
Business Segments |  |  |  |
Net sales | 764,950 | 617,604 | 1,445,676 | 1,167,250
Operating Segment | Infrastructure | Transmission, Distribution and Substation |  |  |  |
Business Segments |  |  |  |
Net sales | 295,835 | 220,458 | 577,435 | 428,902
Operating Segment | Infrastructure | Lighting and Transportation |  |  |  |
Business Segments |  |  |  |
Net sales | 246,652 | 215,247 | 459,419 | 391,763
Operating Segment | Infrastructure | Coatings |  |  |  |
Business Segments |  |  |  |
Net sales | 90,321 | 80,346 | 172,297 | 155,139
Operating Segment | Infrastructure | Telecommunications |  |  |  |
Business Segments |  |  |  |
Net sales | 78,539 | 54,102 | 139,935 | 99,742
Operating Segment | Infrastructure | Renewable Energy |  |  |  |
Business Segments |  |  |  |
Net sales | 53,603 | 47,451 | 96,590 | 91,704
Operating Segment | Infrastructure | Irrigation Equipment and Parts, excluding Technology |  |  |  |
Business Segments |  |  |  |
Net sales | 0 | 0 | 0 | 0
Operating Segment | Infrastructure | Technology Products and Services |  |  |  |
Business Segments |  |  |  |
Net sales | 0 | 0 | 0 | 0
Operating Segment | Infrastructure | North America |  |  |  |
Business Segments |  |  |  |
Net sales | 559,864 | 421,168 | 1,065,844 | 806,902
Operating Segment | Infrastructure | International |  |  |  |
Business Segments |  |  |  |
Net sales | 205,086 | 196,436 | 379,832 | 360,348
Operating Segment | Agriculture |  |  |  |
Business Segments |  |  |  |
Net sales | 377,765 | 281,965 | 684,345 | 511,629
Operating Segment | Agriculture | Transmission, Distribution and Substation |  |  |  |
Business Segments |  |  |  |
Net sales | 0 | 0 | 0 | 0
Operating Segment | Agriculture | Lighting and Transportation |  |  |  |
Business Segments |  |  |  |
Net sales | 0 | 0 | 0 | 0
Operating Segment | Agriculture | Coatings |  |  |  |
Business Segments |  |  |  |
Net sales | 0 | 0 | 0 | 0
Operating Segment | Agriculture | Telecommunications |  |  |  |
Business Segments |  |  |  |
Net sales | 0 | 0 | 0 | 0
Operating Segment | Agriculture | Renewable Energy |  |  |  |
Business Segments |  |  |  |
Net sales | 0 | 0 | 0 | 0
Operating Segment | Agriculture | Irrigation Equipment and Parts, excluding Technology |  |  |  |
Business Segments |  |  |  |
Net sales | 347,585 | 253,450 | 625,619 | 460,708
Operating Segment | Agriculture | Technology Products and Services |  |  |  |
Business Segments |  |  |  |
Net sales | 30,180 | 28,515 | 58,726 | 50,921
Operating Segment | Agriculture | North America |  |  |  |
Business Segments |  |  |  |
Net sales | 203,488 | 156,037 | 385,743 | 278,788
Operating Segment | Agriculture | International |  |  |  |
Business Segments |  |  |  |
Net sales | 174,277 | 125,928 | 298,602 | 232,841
Intersegment Sales |  |  |  |
Business Segments |  |  |  |
Net sales | (7,183) | (4,940) | (13,669) | (9,364)
Intersegment Sales | Transmission, Distribution and Substation |  |  |  |
Business Segments |  |  |  |
Net sales | 0 | 0 | 0 | 0
Intersegment Sales | Lighting and Transportation |  |  |  |
Business Segments |  |  |  |
Net sales | 0 | 0 | 0 | 0
Intersegment Sales | Coatings |  |  |  |
Business Segments |  |  |  |
Net sales | (4,200) | (2,796) | (7,301) | (5,997)
Intersegment Sales | Telecommunications |  |  |  |
Business Segments |  |  |  |
Net sales | 0 | 0 | 0 | 0
Intersegment Sales | Renewable Energy |  |  |  |
Business Segments |  |  |  |
Net sales | 0 | 0 | 0 | 0
Intersegment Sales | Irrigation Equipment and Parts, excluding Technology |  |  |  |
Business Segments |  |  |  |
Net sales | (2,983) | (2,144) | (6,368) | (3,367)
Intersegment Sales | Technology Products and Services |  |  |  |
Business Segments |  |  |  |
Net sales | 0 | 0 | 0 | 0
Intersegment Sales | North America |  |  |  |
Business Segments |  |  |  |
Net sales | (6,716) | (4,940) | (13,202) | (9,364)
Intersegment Sales | International |  |  |  |
Business Segments |  |  |  |
Net sales | (467) | 0 | (467) | 0
Intersegment Sales | Infrastructure |  |  |  |
Business Segments |  |  |  |
Net sales | (4,200) | (2,796) | (7,301) | (5,997)
Intersegment Sales | Agriculture |  |  |  |
Business Segments |  |  |  |
Net sales | $ (2,983) | $ (2,144) | $ (6,368) | $ (3,367)

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -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 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 4: 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 5: 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 + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 Reference 2: 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 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (a) -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 606 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 9: 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 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 924 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856 + Details
Name: | us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ProductOrServiceAxis=vmi_TransmissionDistributionAndSubstationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=vmi_LightingAndTransportationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=vmi_CoatingsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=vmi_TelecommunicationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=vmi_RenewableEnergyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=vmi_IrrigationEquipmentAndPartsExcludingTechnologyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=vmi_TechnologyProductsAndServicesAgricultureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_US
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=vmi_InternationalMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=vmi_InfrastructureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=vmi_AgricultureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=us-gaap_CorporateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |