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EARNINGS PER SHARE | 6 Months Ended
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Jun. 29, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | (7) EARNINGS PER SHARE The following table provides a reconciliation between the net earnings attributable to Valmont Industries, Inc. and weighted average share amounts used to compute both basic and diluted earnings per share:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen weeks ended | ​ | Twenty-six weeks ended
​ | ​ | June 29, | ​ | July 1, | ​ | June 29, | ​ | July 1,
​ | ​ | 2024 |  | 2023 |  | 2024 |  | 2023
Net earnings attributable to Valmont Industries, Inc. | ​ | $ | 99,716 | ​ | $ | 89,376 | ​ | $ | 187,538 | ​ | $ | 163,916
Weighted average shares outstanding (000s): | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​
Basic | ​ | ​ | 20,175 | ​ | ​ | 21,029 | ​ | ​ | 20,182 | ​ | ​ | 21,149
Dilutive effect of various stock awards | ​ | ​ | 117 | ​ | ​ | 200 | ​ | ​ | 125 | ​ | ​ | 221
Diluted | ​ | ​ | 20,292 | ​ | ​ | 21,229 | ​ | ​ | 20,307 | ​ | ​ | 21,370
Net earnings attributable to Valmont Industries, Inc. per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | $ | 4.94 | ​ | $ | 4.25 | ​ | $ | 9.29 | ​ | $ | 7.75
Dilutive effect of various stock awards | ​ | ​ | (0.03) | ​ | ​ | (0.04) | ​ | ​ | (0.05) | ​ | ​ | (0.08)
Diluted | ​ | $ | 4.91 | ​ | $ | 4.21 | ​ | $ | 9.24 | ​ | $ | 7.67
​ As of June 29, 2024 and July 1, 2023, there were 56,261 and 40,564 outstanding stock options with exercise prices exceeding the average market price of common stock during the applicable period excluded from the computation of diluted earnings per share, respectively.

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