GUARANTOR/NON-GUARANTOR FINANCIAL INFORMATION (Details 4) (USD $) In Thousands, unless otherwise specified
|
Sep. 28, 2013
|
Dec. 29, 2012
|
Sep. 29, 2012
|
Dec. 31, 2011
|
Current assets: |
|
|
|
|
Cash and cash equivalents |
$ 543,369 |
$ 414,129 |
$ 427,080 |
$ 362,894 |
Receivables, net |
513,832 |
515,902 |
|
|
Inventories |
427,215 |
412,384 |
|
|
Prepaid expenses |
35,071 |
25,144 |
|
|
Refundable and deferred income taxes |
81,766 |
58,381 |
|
|
Total current assets |
1,601,253 |
1,425,940 |
|
|
Property, plant and equipment, at cost |
1,045,110 |
994,774 |
|
|
Less accumulated depreciation and amortization |
504,080 |
482,162 |
|
|
Net property, plant and equipment |
541,030 |
512,612 |
|
|
Goodwill |
340,495 |
330,791 |
|
|
Other intangible assets |
169,904 |
172,270 |
|
|
Other assets |
95,838 |
126,938 |
|
|
Total assets |
2,748,520 |
2,568,551 |
|
|
Current liabilities: |
|
|
|
|
Current installments of long-term debt |
265 |
224 |
|
|
Notes payable to banks |
17,129 |
13,375 |
|
|
Accounts payable |
214,188 |
212,424 |
|
|
Accrued employee compensation and benefits |
108,774 |
101,905 |
|
|
Accrued expenses |
87,614 |
78,503 |
|
|
Dividends payable |
6,697 |
6,002 |
|
|
Total current liabilities |
434,667 |
412,433 |
|
|
Deferred income taxes |
79,305 |
88,300 |
|
|
Long-term debt, excluding current installments |
471,294 |
472,593 |
|
|
Defined benefit pension liability |
99,135 |
112,043 |
|
|
Deferred compensation |
38,917 |
31,920 |
|
|
Other noncurrent liabilities |
49,417 |
44,252 |
|
|
Shareholders' equity: |
|
|
|
|
Common stock of $1 par value |
27,900 |
27,900 |
|
|
Retained earnings |
1,514,099 |
1,300,529 |
|
|
Accumulated other comprehensive income (loss) |
308 |
43,938 |
|
|
Treasury stock |
(21,145) |
(22,455) |
|
|
Total Valmont Industries, Inc. shareholders' equity |
1,521,162 |
1,349,912 |
|
|
Noncontrolling interest in consolidated subsidiaries |
54,623 |
57,098 |
|
|
Total shareholders' equity |
1,575,785 |
1,407,010 |
1,387,894 |
1,197,911 |
Total liabilities and shareholders' equity |
2,748,520 |
2,568,551 |
|
|
Parent
|
|
|
|
|
Current assets: |
|
|
|
|
Cash and cash equivalents |
158,360 |
40,926 |
75,150 |
27,545 |
Receivables, net |
135,423 |
144,161 |
|
|
Inventories |
142,773 |
146,619 |
|
|
Prepaid expenses |
8,301 |
7,153 |
|
|
Refundable and deferred income taxes |
50,796 |
29,359 |
|
|
Total current assets |
495,653 |
368,218 |
|
|
Property, plant and equipment, at cost |
492,814 |
456,497 |
|
|
Less accumulated depreciation and amortization |
299,858 |
288,226 |
|
|
Net property, plant and equipment |
192,956 |
168,271 |
|
|
Goodwill |
20,108 |
20,108 |
|
|
Other intangible assets |
382 |
499 |
|
|
Investment in subsidiaries and intercompany accounts |
1,477,628 |
1,456,159 |
|
|
Other assets |
38,147 |
32,511 |
|
|
Total assets |
2,224,874 |
2,045,766 |
|
|
Current liabilities: |
|
|
|
|
Current installments of long-term debt |
188 |
189 |
|
|
Accounts payable |
60,642 |
72,610 |
|
|
Accrued employee compensation and benefits |
65,924 |
61,572 |
|
|
Accrued expenses |
43,610 |
30,641 |
|
|
Dividends payable |
6,697 |
6,002 |
|
|
Total current liabilities |
177,061 |
171,014 |
|
|
Deferred income taxes |
17,437 |
23,305 |
|
|
Long-term debt, excluding current installments |
470,549 |
471,828 |
|
|
Deferred compensation |
31,456 |
25,200 |
|
|
Other noncurrent liabilities |
7,209 |
4,507 |
|
|
Shareholders' equity: |
|
|
|
|
Common stock of $1 par value |
27,900 |
27,900 |
|
|
Retained earnings |
1,514,099 |
1,300,529 |
|
|
Accumulated other comprehensive income (loss) |
308 |
43,938 |
|
|
Treasury stock |
(21,145) |
(22,455) |
|
|
Total Valmont Industries, Inc. shareholders' equity |
1,521,162 |
1,349,912 |
|
|
Total shareholders' equity |
1,521,162 |
1,349,912 |
|
|
Total liabilities and shareholders' equity |
2,224,874 |
2,045,766 |
|
|
Guarantors
|
|
|
|
|
Current assets: |
|
|
|
|
Cash and cash equivalents |
51,186 |
83,203 |
42,164 |
18,257 |
Receivables, net |
82,840 |
86,403 |
|
|
Inventories |
77,545 |
71,988 |
|
|
Prepaid expenses |
740 |
1,029 |
|
|
Refundable and deferred income taxes |
6,174 |
6,904 |
|
|
Total current assets |
218,485 |
249,527 |
|
|
Property, plant and equipment, at cost |
140,823 |
122,937 |
|
|
Less accumulated depreciation and amortization |
60,595 |
55,239 |
|
|
Net property, plant and equipment |
80,228 |
67,698 |
|
|
Goodwill |
107,542 |
107,542 |
|
|
Other intangible assets |
49,665 |
53,517 |
|
|
Investment in subsidiaries and intercompany accounts |
1,337,088 |
1,246,777 |
|
|
Total assets |
1,793,008 |
1,725,061 |
|
|
Current liabilities: |
|
|
|
|
Accounts payable |
19,014 |
22,006 |
|
|
Accrued employee compensation and benefits |
10,542 |
10,530 |
|
|
Accrued expenses |
4,514 |
4,674 |
|
|
Income taxes payable |
|
31 |
|
|
Total current liabilities |
34,070 |
37,241 |
|
|
Deferred income taxes |
28,464 |
27,851 |
|
|
Long-term debt, excluding current installments |
539,517 |
599,873 |
|
|
Shareholders' equity: |
|
|
|
|
Common stock of $1 par value |
457,950 |
457,950 |
|
|
Additional paid-in capital |
150,286 |
150,286 |
|
|
Retained earnings |
540,393 |
467,240 |
|
|
Accumulated other comprehensive income (loss) |
42,328 |
(15,380) |
|
|
Total Valmont Industries, Inc. shareholders' equity |
1,190,957 |
1,060,096 |
|
|
Total shareholders' equity |
1,190,957 |
1,060,096 |
|
|
Total liabilities and shareholders' equity |
1,793,008 |
1,725,061 |
|
|
Non-Guarantors
|
|
|
|
|
Current assets: |
|
|
|
|
Cash and cash equivalents |
333,823 |
290,000 |
309,766 |
317,092 |
Receivables, net |
295,569 |
285,338 |
|
|
Inventories |
206,897 |
193,777 |
|
|
Prepaid expenses |
26,030 |
16,962 |
|
|
Refundable and deferred income taxes |
24,796 |
22,118 |
|
|
Total current assets |
887,115 |
808,195 |
|
|
Property, plant and equipment, at cost |
411,473 |
415,340 |
|
|
Less accumulated depreciation and amortization |
143,627 |
138,697 |
|
|
Net property, plant and equipment |
267,846 |
276,643 |
|
|
Goodwill |
212,845 |
203,141 |
|
|
Other intangible assets |
119,857 |
118,254 |
|
|
Investment in subsidiaries and intercompany accounts |
585,304 |
615,152 |
|
|
Other assets |
57,691 |
94,427 |
|
|
Total assets |
2,130,658 |
2,115,812 |
|
|
Current liabilities: |
|
|
|
|
Current installments of long-term debt |
77 |
35 |
|
|
Notes payable to banks |
17,129 |
13,375 |
|
|
Accounts payable |
134,532 |
117,808 |
|
|
Accrued employee compensation and benefits |
32,308 |
29,803 |
|
|
Accrued expenses |
39,490 |
43,188 |
|
|
Income taxes payable |
|
669 |
|
|
Total current liabilities |
223,536 |
204,878 |
|
|
Deferred income taxes |
33,404 |
37,144 |
|
|
Long-term debt, excluding current installments |
745 |
765 |
|
|
Defined benefit pension liability |
99,135 |
112,043 |
|
|
Deferred compensation |
7,461 |
6,720 |
|
|
Other noncurrent liabilities |
42,208 |
39,745 |
|
|
Shareholders' equity: |
|
|
|
|
Common stock of $1 par value |
254,982 |
254,982 |
|
|
Additional paid-in capital |
893,274 |
893,274 |
|
|
Retained earnings |
514,611 |
443,337 |
|
|
Accumulated other comprehensive income (loss) |
6,679 |
65,826 |
|
|
Total Valmont Industries, Inc. shareholders' equity |
1,669,546 |
1,657,419 |
|
|
Noncontrolling interest in consolidated subsidiaries |
54,623 |
57,098 |
|
|
Total shareholders' equity |
1,724,169 |
1,714,517 |
|
|
Total liabilities and shareholders' equity |
2,130,658 |
2,115,812 |
|
|
Eliminations
|
|
|
|
|
Current assets: |
|
|
|
|
Investment in subsidiaries and intercompany accounts |
(3,400,002) |
(3,318,088) |
|
|
Total assets |
(3,400,002) |
(3,318,088) |
|
|
Current liabilities: |
|
|
|
|
Income taxes payable |
|
(700) |
|
|
Total current liabilities |
|
(700) |
|
|
Long-term debt, excluding current installments |
(539,517) |
(599,873) |
|
|
Shareholders' equity: |
|
|
|
|
Common stock of $1 par value |
(712,932) |
(712,932) |
|
|
Additional paid-in capital |
(1,043,560) |
(1,043,560) |
|
|
Retained earnings |
(1,055,004) |
(910,577) |
|
|
Accumulated other comprehensive income (loss) |
(49,007) |
(50,446) |
|
|
Total Valmont Industries, Inc. shareholders' equity |
(2,860,503) |
(2,717,515) |
|
|
Total shareholders' equity |
(2,860,503) |
(2,717,515) |
|
|
Total liabilities and shareholders' equity |
$ (3,400,020) |
$ (3,318,088) |
|
|