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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 27, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 353,348 $ 353,542
Receivables, net 500,838 480,000
Inventories 449,516 418,370
Contract asset - costs and profits in excess of billings 125,004 141,322
Prepaid expenses and other assets 51,113 32,043
Refundable income taxes 0 6,947
Total current assets 1,479,819 1,432,224
Property, plant and equipment, at cost 1,269,231 1,245,261
Less accumulated depreciation and amortization 705,448 687,132
Net property, plant and equipment 563,783 558,129
Goodwill 417,668 428,864
Other intangible assets, net 169,744 175,742
Other assets 200,828 212,257
Total assets 2,831,842 2,807,216
Current liabilities:    
Current installments of long-term debt 2,587 760
Notes payable to banks 14,577 21,774
Accounts payable 241,294 197,957
Accrued employee compensation and benefits 91,857 83,528
Contract liability - billings in excess of costs and earnings 138,820 117,945
Other accrued expenses 89,093 83,736
Income taxes payable 16,984 0
Dividends payable 9,613 8,079
Total current liabilities 604,825 513,779
Deferred income taxes 49,906 58,906
Long-term debt, excluding current installments 778,283 764,944
Defined benefit pension liability 111,525 140,007
Operating lease liabilities 79,799 85,817
Deferred compensation 45,736 45,114
Other noncurrent liabilities 9,066 8,904
Shareholders’ equity:    
Common stock of $1 par value - Authorized 75,000,000 shares; 27,900,000 issued 27,900 27,900
Retained earnings 2,194,916 2,173,802
Accumulated other comprehensive loss (332,486) (313,422)
Treasury stock (763,495) (743,942)
Total Valmont Industries, Inc. shareholders’ equity 1,126,835 1,144,338
Noncontrolling interest in consolidated subsidiaries 25,867 45,407
Total shareholders’ equity 1,152,702 1,189,745
Total liabilities and shareholders’ equity $ 2,831,842 $ 2,807,216