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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jul. 01, 2023
Earnings Per Share [Abstract] |
Schedule of Reconciliation of Basic and Diluted Earnings Per Share (EPS) | The following table provides a reconciliation of the earnings and average share amounts used to compute both basic and diluted earnings per share:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen weeks ended | ​ | Twenty-six weeks ended
​ | ​ | July 1, | ​ | June 25, | ​ | July 1, | ​ | June 25,
​ | ​ | 2023 |  | 2022 |  | 2023 |  | 2022
Net earnings attributable to Valmont Industries, Inc. | ​ | $ | 89,376 | ​ | $ | 76,108 | ​ | $ | 163,916 | ​ | $ | 138,419
Weighted average shares outstanding: | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​
Basic weighted average shares outstanding | ​ | ​ | 21,029 | ​ | ​ | 21,313 | ​ | ​ | 21,149 | ​ | ​ | 21,296
Dilutive effect of various stock awards | ​ | ​ | 200 | ​ | ​ | 228 | ​ | ​ | 221 | ​ | ​ | 220
Diluted weighted average shares outstanding | ​ | ​ | 21,229 | ​ | ​ | 21,541 | ​ | ​ | 21,370 | ​ | ​ | 21,516
Earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | $ | 4.25 | ​ | $ | 3.57 | ​ | $ | 7.75 | ​ | $ | 6.50
Dilutive effect of various stock awards | ​ | ​ | (0.04) | ​ | ​ | (0.04) | ​ | ​ | (0.08) | ​ | ​ | (0.07)
Diluted | ​ | $ | 4.21 | ​ | $ | 3.53 | ​ | $ | 7.67 | ​ | $ | 6.43
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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