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EARNINGS PER SHARE | 12 Months Ended
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Dec. 30, 2023
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | (13) EARNINGS PER SHARE The following table provides a reconciliation between the earnings and average share amounts used to compute both basic and diluted earnings per share:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fiscal Year Ended
​ | ​ | December 30, | ​ | December 31, | ​ | December 25,
​ | ​ | 2023 |  | 2022 |  | 2021
Net earnings attributable to Valmont Industries, Inc. including change in redemption value of redeemable noncontrolling interest: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings attributable to Valmont Industries, Inc. | ​ | $ | 150,849 | ​ | $ | 250,863 | ​ | $ | 195,630
Change in redemption value of redeemable noncontrolling interest | ​ | ​ | (7,374) | ​ | ​ | — | ​ | ​ | —
Net earnings attributable to Valmont Industries, Inc. including change in redemption value of redeemable noncontrolling interest | ​ | $ | 143,475 | ​ | $ | 250,863 | ​ | $ | 195,630
Weighted average shares outstanding (000s): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | ​ | 20,956 | ​ | ​ | 21,311 | ​ | ​ | 21,193
Dilutive effect of various stock awards | ​ | ​ | 203 | ​ | ​ | 269 | ​ | ​ | 300
Diluted | ​ | ​ | 21,159 | ​ | ​ | 21,580 | ​ | ​ | 21,493
Net earnings per share attributable to common shareholders: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | $ | 6.85 | ​ | $ | 11.77 | ​ | $ | 9.23
Dilutive effect of various stock awards | ​ | ​ | (0.07) | ​ | ​ | (0.15) | ​ | ​ | (0.13)
Diluted | ​ | $ | 6.78 | ​ | $ | 11.62 | ​ | $ | 9.10
​ Basic and diluted net earnings and earnings per share in the fiscal year ended December 30, 2023 were impacted by the impairment of certain long-lived assets of $136,457 after-tax ($6.45 per share) and realignment charges of $26,490 after-tax ($1.25 per share). Basic and diluted net earnings and earnings per share in the fiscal year ended December 31, 2022 were impacted by a loss from the divestiture of the offshore wind energy structures business of $33,273 (no associated tax benefit) ($1.54 per share). Basic and diluted net earnings and earnings per share in the fiscal year ended December 25, 2021 were impacted by impairments of long-lived assets associated with the offshore wind energy structures business of $21,678 after-tax ($1.01 per share) and a valuation allowance against the deferred tax assets of the offshore wind energy structures business of $5,076 after-tax ($0.24 per share). As of December 30, 2023, December 31, 2022, and December 25, 2021, there were 127,774; 40,564; and 47,223 outstanding stock options with exercise prices exceeding the average market price of common stock during the applicable period that were excluded from the computation of diluted earnings per share, respectively.

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