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BUSINESS SEGMENTS | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
BUSINESS SEGMENTS | (21) BUSINESS SEGMENTS During the first quarter of 2022, the Company’s CODM changed the Company’s management structure and began to manage the business, allocate resources, and evaluate performance based on the new structure. As a result, the Company has realigned to a two reportable segment structure organized by market dynamics (Infrastructure and Agriculture). Three operating segments resulted from the new management structure and two are aggregated into the Agriculture reportable segment. The Company considers gross profit margins, nature of products sold, nature of the production processes, type and class of customer, and methods used to distribute products when assessing aggregation of operating segments. The Infrastructure segment includes the previous reportable segments of Utility Support Structures, Engineered Support Structures, and Coatings. All prior period segment information has been recast to reflect this change in reportable segments. The Company has two 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: INFRASTRUCTURE: This segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, renewable energy, lighting, transportation, and telecommunications, and coatings services to preserve medal products. AGRICULTURE: This segment consists of the manufacture of center pivot components and linear irrigation equipment for agricultural markets, including parts and tubular products, and advanced technology solutions for precision agriculture. In addition to these two reportable segments, the Company had a business and related activities that is not more than 10% of consolidated sales, operating income or assets. This includes the offshore wind energy structures business and was reported in the “Other” segment until its divestiture in 2022. 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. ​ (21) BUSINESS SEGMENTS – CONTINUED Summary by Business
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | 2022 | ​ | 2021 | ​ | 2020
SALES: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Infrastructure | ​ | ​ | $ | 2,928,419 | ​ | $ | 2,372,100 | ​ | $ | 2,141,741
Agriculture | ​ | ​ | ​ | 1,346,672 | ​ | ​ | 1,028,717 | ​ | ​ | 645,831
Other | ​ | ​ | ​ | 100,219 | ​ | ​ | 123,001 | ​ | ​ | 120,063
Total | ​ | ​ | ​ | 4,375,310 | ​ | ​ | 3,523,818 | ​ | ​ | 2,907,635
INTERSEGMENT SALES: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Infrastructure | ​ | ​ | ​ | (18,673) | ​ | ​ | (10,576) | ​ | ​ | (6,541)
Agriculture | ​ | ​ | ​ | (11,387) | ​ | ​ | (11,667) | ​ | ​ | (5,739)
Other | ​ | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | ​ | ​ | (30,060) | ​ | ​ | (22,243) | ​ | ​ | (12,280)
NET SALES: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Infrastructure | ​ | ​ | ​ | 2,909,746 | ​ | ​ | 2,361,524 | ​ | ​ | 2,135,200
Agriculture | ​ | ​ | ​ | 1,335,285 | ​ | ​ | 1,017,050 | ​ | ​ | 640,092
Other | ​ | ​ | ​ | 100,219 | ​ | ​ | 123,001 | ​ | ​ | 120,063
Total | ​ | ​ | $ | 4,345,250 | ​ | $ | 3,501,575 | ​ | $ | 2,895,355
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING INCOME (LOSS): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Infrastructure | ​ | ​ | ​ | 354,499 | ​ | ​ | 273,598 | ​ | ​ | 217,364
Agriculture | ​ | ​ | ​ | 179,263 | ​ | ​ | 137,027 | ​ | ​ | 83,046
Other | ​ | ​ | ​ | 2,259 | ​ | ​ | (40,192) | ​ | ​ | (8,192)
Corporate | ​ | ​ | ​ | (102,772) | ​ | ​ | (83,648) | ​ | ​ | (66,265)
Total | ​ | ​ | $ | 433,249 | ​ | $ | 286,785 | ​ | $ | 225,953
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fifty-three weeks ended December 31, 2022
​ | ​ | Infrastructure |  | Agriculture | ​ | Other |  | Intersegment Sales |  | Consolidated
Geographical market: | ​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |
North America | ​ | $ | 2,234,339 | ​ | $ | 766,929 | ​ | $ | — | ​ | $ | (26,248) | ​ | $ | 2,975,020
International | ​ |  | 694,080 | ​ |  | 579,743 | ​ |  | 100,219 | ​ |  | (3,812) | ​ |  | 1,370,230
Total | ​ | $ | 2,928,419 | ​ | $ | 1,346,672 | ​ | $ | 100,219 | ​ | $ | (30,060) | ​ | $ | 4,345,250
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product line: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Transmission, Distribution, and Substation | ​ | $ | 1,184,660 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 1,184,660
Lighting and Transportation | ​ |  | 940,462 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 940,462
Coatings | ​ |  | 356,707 | ​ |  | — | ​ |  | — | ​ |  | (15,327) | ​ |  | 341,380
Telecommunications | ​ |  | 320,342 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 320,342
Renewable Energy | ​ |  | 126,248 | ​ |  | — | ​ |  | 100,219 | ​ |  | (3,346) | ​ |  | 223,121
Irrigation Equipment and Parts, excluding Technology | ​ |  | — | ​ |  | 1,231,587 | ​ |  | — | ​ |  | (11,387) | ​ |  | 1,220,200
Technology Products and Services | ​ |  | — | ​ |  | 115,085 | ​ |  | — | ​ |  | — | ​ |  | 115,085
Total | ​ | $ | 2,928,419 | ​ | $ | 1,346,672 | ​ | $ | 100,219 | ​ | $ | (30,060) | ​ | $ | 4,345,250
​ (21) BUSINESS SEGMENTS – CONTINUED ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fifty-two weeks ended December 25, 2021
​ | ​ | Infrastructure |  | Agriculture | ​ | Other |  | Intersegment Sales |  | Consolidated
Geographical market: | ​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |
North America | ​ | $ | 1,724,531 | ​ | $ | 545,574 | ​ | $ | — | ​ | $ | (22,243) | ​ | $ | 2,247,862
International | ​ |  | 647,569 | ​ |  | 483,143 | ​ |  | 123,001 | ​ |  | — | ​ |  | 1,253,713
Total | ​ | $ | 2,372,100 | ​ | $ | 1,028,717 | ​ | $ | 123,001 | ​ | $ | (22,243) | ​ | $ | 3,501,575
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product line: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Transmission, Distribution, and Substation | ​ | $ | 935,099 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 935,099
Lighting and Transportation | ​ |  | 825,923 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 825,923
Coatings | ​ |  | 309,647 | ​ |  | — | ​ |  | — | ​ |  | (10,575) | ​ |  | 299,072
Telecommunications | ​ |  | 238,527 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 238,527
Renewable Energy | ​ |  | 62,904 | ​ |  | — | ​ |  | 123,001 | ​ |  | — | ​ |  | 185,905
Irrigation Equipment and Parts, excluding Technology | ​ |  | — | ​ |  | 930,858 | ​ |  | — | ​ |  | (11,668) | ​ |  | 919,190
Technology Products and Services | ​ |  | — | ​ |  | 97,859 | ​ |  | — | ​ |  | — | ​ |  | 97,859
Total | ​ | $ | 2,372,100 | ​ | $ | 1,028,717 | ​ | $ | 123,001 | ​ | $ | (22,243) | ​ | $ | 3,501,575
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fifty-two weeks ended December 26, 2020
​ | ​ | Infrastructure |  | Agriculture | ​ | Other |  | Intersegment Sales |  | Consolidated
Geographical market: | ​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |
North America | ​ | $ | 1,574,802 | ​ | $ | 378,424 | ​ | $ | — | ​ | $ | (12,280) | ​ | $ | 1,940,946
International | ​ |  | 566,939 | ​ |  | 267,407 | ​ |  | 120,063 | ​ |  | — | ​ |  | 954,409
Total | ​ | $ | 2,141,741 | ​ | $ | 645,831 | ​ | $ | 120,063 | ​ | $ | (12,280) | ​ | $ | 2,895,355
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product line: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Transmission, Distribution, and Substation | ​ | $ | 795,693 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 795,693
Lighting and Transportation | ​ |  | 797,335 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 797,335
Coatings | ​ |  | 276,087 | ​ |  | — | ​ |  | — | ​ |  | (6,541) | ​ |  | 269,546
Telecommunications | ​ |  | 186,244 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 186,244
Renewable Energy | ​ |  | 86,382 | ​ |  | — | ​ |  | 120,063 | ​ |  | — | ​ |  | 206,445
Irrigation Equipment and Parts, excluding Technology | ​ |  | — | ​ |  | 578,686 | ​ |  | — | ​ |  | (5,739) | ​ |  | 572,947
Technology Products and Services | ​ |  | — | ​ |  | 67,145 | ​ |  | — | ​ |  | — | ​ |  | 67,145
Total | ​ | $ | 2,141,741 | ​ | $ | 645,831 | ​ | $ | 120,063 | ​ | $ | (12,280) | ​ | $ | 2,895,355
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
OPERATING INCOME (LOSS): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Infrastructure | ​ | $ | 354,499 | ​ | $ | 273,598 | ​ | $ | 217,364
Agriculture | ​ |  | 179,263 | ​ |  | 137,027 | ​ |  | 83,046
Other | ​ | ​ | 2,259 | ​ | ​ | (40,192) | ​ | ​ | (8,192)
Corporate | ​ |  | (102,772) | ​ |  | (83,648) | ​ |  | (66,265)
Total | ​ |  | 433,249 | ​ |  | 286,785 | ​ |  | 225,953
Interest expense, net | ​ |  | (45,519) | ​ |  | (41,420) | ​ |  | (38,701)
Loss from divestiture of wind energy structures business | ​ | ​ | (33,273) | ​ |  | — | ​ |  | —
Other | ​ |  | 9,431 | ​ |  | 14,718 | ​ |  | 5,516
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries | ​ | $ | 363,888 | ​ | $ | 260,083 | ​ | $ | 192,768
​ (21) BUSINESS SEGMENTS – CONTINUED
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
TOTAL ASSETS: | ​ |  |  | ​ |  |  | ​ |  |
Infrastructure | ​ | $ | 2,267,800 | ​ | $ | 2,102,851 | ​ | $ | 1,933,970
Agriculture | ​ |  | 1,112,588 | ​ |  | 1,027,272 | ​ |  | 465,322
Other | ​ | ​ | — | ​ | ​ | 67,592 | ​ | ​ | 137,316
Corporate | ​ |  | 176,608 | ​ |  | 249,534 | ​ |  | 416,552
Total | ​ | $ | 3,556,996 | ​ | $ | 3,447,249 | ​ | $ | 2,953,160
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
CAPITAL EXPENDITURES: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Infrastructure |  | $ | 53,228 |  | $ | 72,129 |  | $ | 81,074
Agriculture |  | ​ | 32,886 |  | ​ | 17,509 |  | ​ | 16,740
Other | ​ | ​ | — | ​ | ​ | 345 | ​ | ​ | —
Corporate |  | ​ | 7,174 |  | ​ | 17,807 |  | ​ | 8,886
Total | ​ | $ | 93,288 | ​ | $ | 107,790 | ​ | $ | 106,700
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
DEPRECIATION AND AMORTIZATION: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Infrastructure | ​ | $ | 62,398 | ​ | $ | 59,748 | ​ | $ | 58,985
Agriculture | ​ |  | 23,681 | ​ |  | 17,813 | ​ |  | 12,098
Other | ​ | ​ | 1,393 | ​ | ​ | 5,988 | ​ | ​ | 5,848
Corporate | ​ |  | 9,695 | ​ |  | 9,028 | ​ |  | 5,961
Total | ​ | $ | 97,167 | ​ | $ | 92,577 | ​ | $ | 82,892
​ Summary by Geographical Area by Location of Valmont Facilities:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
NET SALES: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 2,965,673 | ​ | $ | 2,260,198 | ​ | $ | 1,919,136
Australia | ​ |  | 292,072 | ​ |  | 297,720 | ​ |  | 252,253
Brazil | ​ |  | 354,497 | ​ |  | 200,402 | ​ |  | 103,591
Denmark | ​ |  | 100,219 | ​ |  | 123,001 | ​ |  | 120,063
Other | ​ |  | 632,789 | ​ |  | 620,254 | ​ |  | 500,312
Total | ​ | $ | 4,345,250 | ​ | $ | 3,501,575 | ​ | $ | 2,895,355
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
LONG-LIVED ASSETS: | ​ |  |  | ​ |  |  | ​ |  |
United States | ​ | $ | 1,246,956 | ​ | $ | 1,172,552 | ​ | $ | 748,886
Australia | ​ |  | 82,290 | ​ |  | 173,240 | ​ |  | 179,673
Brazil | ​ |  | 42,259 | ​ |  | 28,583 | ​ |  | 17,151
Denmark | ​ |  | — | ​ |  | 21,232 | ​ |  | 61,546
Other | ​ |  | 404,906 | ​ |  | 338,879 | ​ |  | 391,279
Total | ​ | $ | 1,776,411 | ​ | $ | 1,734,486 | ​ | $ | 1,398,535
​ No single customer accounted for more than 10% of net sales in 2022, 2021, or 2020. 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. Brazil and Australia accounted for approximately 8% and 7% of the Company’s net sales in 2022, respectively; no other foreign country accounted for more than 3% 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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