XML 57 R48.htm IDEA: XBRL DOCUMENT
v3.23.2

BUSINESS SEGMENTS & RELATED REVENUE INFORMATION (Details) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jul. 01, 2023 USD ($) | Jun. 25, 2022 USD ($) | Jul. 01, 2023 USD ($) segment | Jun. 25, 2022 USD ($)
Business Segments |  |  |  |
Number of reportable segments | segment |  |  | 2 |
Net sales | $ 1,046,296 | $ 1,135,532 | $ 2,108,777 | $ 2,116,352
Operating income (loss) | 133,733 | 118,719 | 252,199 | 213,561
Pre-tax gain on sale of engineering and equipment |  |  | 2,994 | 0
Point in Time |  |  |  |
Business Segments |  |  |  |
Net sales | 722,696 | 797,466 | 1,458,119 | 1,464,262
Over Time |  |  |  |
Business Segments |  |  |  |
Net sales | 323,600 | 338,066 | 650,658 | 652,090
Transmission, Distribution and Substation |  |  |  |
Business Segments |  |  |  |
Net sales | 314,307 | 295,835 | 629,127 | 577,435
Lighting and Transportation |  |  |  |
Business Segments |  |  |  |
Net sales | 246,123 | 246,652 | 475,259 | 459,419
Coatings |  |  |  |
Business Segments |  |  |  |
Net sales | 89,302 | 86,121 | 175,864 | 164,996
Telecommunications |  |  |  |
Business Segments |  |  |  |
Net sales | 67,738 | 78,539 | 135,875 | 139,935
Solar |  |  |  |
Business Segments |  |  |  |
Net sales | 50,688 | 53,603 | 84,173 | 96,590
Irrigation Equipment and Parts |  |  |  |
Business Segments |  |  |  |
Net sales | 250,662 | 344,602 | 548,021 | 619,251
Technology Products and Services |  |  |  |
Business Segments |  |  |  |
Net sales | 27,476 | 30,180 | 60,458 | 58,726
North America |  |  |  |
Business Segments |  |  |  |
Net sales | 724,681 | 756,636 | 1,486,259 | 1,438,385
International |  |  |  |
Business Segments |  |  |  |
Net sales | 321,615 | 378,896 | 622,518 | 677,967
Infrastructure |  |  |  |
Business Segments |  |  |  |
Net sales | 768,158 | 735,318 | 1,500,298 | 1,394,289
Operating income (loss) | 115,950 | 84,127 | 210,302 | 162,443
Infrastructure | Point in Time |  |  |  |
Business Segments |  |  |  |
Net sales | 451,885 | 429,291 | 863,102 | 798,481
Infrastructure | Over Time |  |  |  |
Business Segments |  |  |  |
Net sales | 316,273 | 306,027 | 637,196 | 595,808
Agriculture |  |  |  |
Business Segments |  |  |  |
Net sales | 278,138 | 374,782 | 608,479 | 677,977
Operating income (loss) | 49,251 | 58,046 | 102,574 | 95,521
Agriculture | Point in Time |  |  |  |
Business Segments |  |  |  |
Net sales | 270,811 | 368,175 | 595,017 | 665,781
Agriculture | Over Time |  |  |  |
Business Segments |  |  |  |
Net sales | 7,327 | 6,607 | 13,462 | 12,196
Other Segments |  |  |  |
Business Segments |  |  |  |
Net sales |  | 25,432 |  | 44,086
Operating income (loss) |  | 516 |  | (293)
Other Segments | Over Time |  |  |  |
Business Segments |  |  |  |
Net sales |  | 25,432 |  | 44,086
Corporate |  |  |  |
Business Segments |  |  |  |
Operating income (loss) | (31,468) | (23,970) | (60,677) | (44,110)
Operating segment |  |  |  |
Business Segments |  |  |  |
Net sales | 1,050,528 | 1,142,715 | 2,118,797 | 2,130,021
Operating segment | Infrastructure |  |  |  |
Business Segments |  |  |  |
Net sales | 770,595 | 739,518 | 1,506,701 | 1,401,590
Operating segment | Infrastructure | Transmission, Distribution and Substation |  |  |  |
Business Segments |  |  |  |
Net sales | 314,307 | 295,835 | 629,127 | 577,435
Operating segment | Infrastructure | Lighting and Transportation |  |  |  |
Business Segments |  |  |  |
Net sales | 246,123 | 246,652 | 475,259 | 459,419
Operating segment | Infrastructure | Coatings |  |  |  |
Business Segments |  |  |  |
Net sales | 91,120 | 90,321 | 181,234 | 172,297
Operating segment | Infrastructure | Telecommunications |  |  |  |
Business Segments |  |  |  |
Net sales | 67,738 | 78,539 | 135,875 | 139,935
Operating segment | Infrastructure | Solar |  |  |  |
Business Segments |  |  |  |
Net sales | 51,307 | 28,171 | 85,206 | 52,504
Operating segment | Infrastructure | North America |  |  |  |
Business Segments |  |  |  |
Net sales | 587,313 | 559,864 | 1,171,396 | 1,065,844
Operating segment | Infrastructure | International |  |  |  |
Business Segments |  |  |  |
Net sales | 183,282 | 179,654 | 335,305 | 335,746
Operating segment | Agriculture |  |  |  |
Business Segments |  |  |  |
Net sales | 279,933 | 377,765 | 612,096 | 684,345
Operating segment | Agriculture | Irrigation Equipment and Parts |  |  |  |
Business Segments |  |  |  |
Net sales | 252,457 | 347,585 | 551,638 | 625,619
Operating segment | Agriculture | Technology Products and Services |  |  |  |
Business Segments |  |  |  |
Net sales | 27,476 | 30,180 | 60,458 | 58,726
Operating segment | Agriculture | North America |  |  |  |
Business Segments |  |  |  |
Net sales | 140,981 | 203,488 | 323,850 | 385,743
Operating segment | Agriculture | International |  |  |  |
Business Segments |  |  |  |
Net sales | 138,952 | 174,277 | 288,246 | 298,602
Operating segment | Other Segments |  |  |  |
Business Segments |  |  |  |
Net sales |  | 25,432 |  | 44,086
Operating segment | Other Segments | Solar |  |  |  |
Business Segments |  |  |  |
Net sales |  | 25,432 |  | 44,086
Operating segment | Other Segments | International |  |  |  |
Business Segments |  |  |  |
Net sales |  | 25,432 |  | 44,086
Intersegment |  |  |  |
Business Segments |  |  |  |
Net sales | (4,232) | (7,183) | (10,020) | (13,669)
Intersegment | Coatings |  |  |  |
Business Segments |  |  |  |
Net sales | (1,818) | (4,200) | (5,370) | (7,301)
Intersegment | Solar |  |  |  |
Business Segments |  |  |  |
Net sales | (619) |  | (1,033) |
Intersegment | Irrigation Equipment and Parts |  |  |  |
Business Segments |  |  |  |
Net sales | (1,795) | (2,983) | (3,617) | (6,368)
Intersegment | North America |  |  |  |
Business Segments |  |  |  |
Net sales | (3,613) | (6,716) | (8,987) | (13,202)
Intersegment | International |  |  |  |
Business Segments |  |  |  |
Net sales | (619) | (467) | (1,033) | (467)
Intersegment | Infrastructure |  |  |  |
Business Segments |  |  |  |
Net sales | (2,437) | (4,200) | (6,403) | (7,301)
Intersegment | Agriculture |  |  |  |
Business Segments |  |  |  |
Net sales | $ (1,795) | $ (2,983) | $ (3,617) | $ (6,368)

X
- Definition Amount before tax of gain (loss) recognized on the sale or disposal of a disposal group. Excludes discontinued operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482130/360-10-45-5 + Details
Name: | us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-18 + Details
Name: | us-gaap_NumberOfReportableSegments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + 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 -Topic 924 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-4 + 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: | us-gaap_TimingOfTransferOfGoodOrServiceAxis=us-gaap_TransferredAtPointInTimeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TimingOfTransferOfGoodOrServiceAxis=us-gaap_TransferredOverTimeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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_TelecommunicationsMember
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_TechnologyProductsAndServicesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=srt_NorthAmericaMember
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_AllOtherSegmentsMember
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: |