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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 01, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 425,216 $ 399,948
Receivables, net 455,044 439,342
Inventories 389,156 350,028
Prepaid expenses, restricted cash, and other assets 54,532 57,297
Refundable income taxes 7,325 6,601
Total current assets 1,331,273 1,253,216
Property, plant and equipment, at cost 1,129,787 1,105,736
Less accumulated depreciation and amortization 610,129 587,401
Net property, plant and equipment 519,658 518,335
Goodwill 324,061 321,110
Other intangible assets, net 142,000 144,378
Other assets 149,896 154,692
Total assets 2,466,888 2,391,731
Current liabilities:    
Current installments of long-term debt 860 851
Notes payable to banks 957 746
Accounts payable 194,525 177,488
Accrued employee compensation and benefits 65,663 72,404
Accrued expenses 112,231 89,914
Dividends payable 8,468 8,445
Total current liabilities 382,704 349,848
Deferred income taxes 39,030 35,803
Long-term debt, excluding current installments 754,523 754,795
Defined benefit pension liability 187,276 209,470
Deferred compensation 46,567 44,319
Other noncurrent liabilities 15,508 14,910
Shareholders’ equity:    
Preferred stock of $1 par value - Authorized 500,000 shares; none issued 0 0
Common stock of $1 par value - Authorized 75,000,000 shares; issued 27,900,000 issued 27,900 27,900
Retained earnings 1,906,161 1,874,722
Accumulated other comprehensive loss (326,253) (346,359)
Treasury stock (604,969) (612,781)
Total Valmont Industries, Inc. shareholders’ equity 1,002,839 943,482
Noncontrolling interest in consolidated subsidiaries 38,441 39,104
Total shareholders’ equity 1,041,280 982,586
Total liabilities and shareholders’ equity $ 2,466,888 $ 2,391,731