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EARNINGS (LOSS) PER SHARE | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | (7) EARNINGS (LOSS) PER SHARE The following table provides a reconciliation of the earnings (loss) and average share amounts used to compute both basic and diluted earnings (loss) per share:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen weeks ended | ​ | Thirty-nine weeks ended
​ | ​ | September 30, | ​ | September 24, | ​ | September 30, | ​ | September 24,
​ | ​ | 2023 |  | 2022 |  | 2023 |  | 2022
Net earnings (loss) attributable to Valmont Industries, Inc. | ​ | $ | (49,028) | ​ | $ | 72,112 | ​ | $ | 114,888 | ​ | $ | 210,531
Weighted average shares outstanding (000's): | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​
Basic | ​ | ​ | 20,951 | ​ | ​ | 21,332 | ​ | ​ | 21,083 | ​ | ​ | 21,308
Dilutive effect of various stock awards | ​ | ​ | — | ​ | ​ | 273 | ​ | ​ | 207 | ​ | ​ | 238
Diluted | ​ | ​ | 20,951 | ​ | ​ | 21,605 | ​ | ​ | 21,290 | ​ | ​ | 21,546
Earnings (loss) per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | $ | (2.34) | ​ | $ | 3.38 | ​ | $ | 5.45 | ​ | $ | 9.88
Dilutive effect of various stock awards | ​ | ​ | — | ​ | ​ | (0.04) | ​ | ​ | (0.05) | ​ | ​ | (0.11)
Diluted | ​ | $ | (2.34) | ​ | $ | 3.34 | ​ | $ | 5.40 | ​ | $ | 9.77
​ In the third quarter of fiscal 2023, the Company reported a net loss. In periods in which the Company recognizes a net loss, the Company excludes the impact of outstanding stock awards from the diluted loss per share calculation, as its inclusion would have an anti-dilutive effect. As of September 30, 2023, there were 42,774 outstanding stock options with exercise prices exceeding the market price of common stock that were excluded from the computation of diluted earnings per share. As of September 24, 2022, there were no outstanding stock options with exercise prices exceeding the market price of common stock that were excluded from the computation of diluted earnings per share.

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