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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Net sales $ 3,501,575 $ 2,895,355 $ 2,766,976
Total cost of sales 2,617,686 2,129,841 2,084,295
Gross profit 883,889 765,514 682,681
Selling, general and administrative expenses 590,608 522,923 454,776
Impairment of goodwill and intangible assets 6,496 16,638 0
Operating Income (loss) 286,785 225,953 227,905
Other income (expenses):      
Interest expense (42,612) (41,075) (40,153)
Interest income 1,192 2,374 3,942
Gain on investments - unrealized 1,920 2,443 5,960
Other 12,798 3,073 2,204
Total other income (expenses) (26,702) (33,185) (28,047)
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries 260,083 192,768 199,858
Income tax expense (benefit):      
Current 61,343 51,012 46,267
Deferred 71 (1,397) 1,486
Total income tax expense (benefit) 61,414 49,615 47,753
Earnings before equity in earnings of nonconsolidated subsidiaries 198,669 143,153 152,105
Equity in loss of nonconsolidated subsidiaries (944) (1,004) 0
Net earnings 197,725 142,149 152,105
Less: Earnings attributable to noncontrolling interests (2,095) (1,456) (5,697)
Net earnings attributable to Valmont Industries, Inc. $ 195,630 $ 140,693 $ 146,408
Earnings per share:      
Basic (in dollars per share) $ 9.23 $ 6.60 $ 6.76
Diluted (in dollars per share) $ 9.10 $ 6.57 $ 6.73
Product      
Net sales $ 3,159,605 $ 2,594,855 $ 2,434,190
Total cost of sales 2,395,630 1,936,024 1,863,780
Service      
Net sales 341,970 300,500 332,786
Total cost of sales $ 222,056 $ 193,817 $ 220,515