Valmont Industries (VMI) 10-Q 2 Nov 22 2022 Q3 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	9 Months Ended
	Sep. 24, 2022	Oct. 27, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 24, 2022
Document Transition Report	false
Entity File Number	1-31429
Entity Registrant Name	Valmont Industries, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-0351813
Entity Address, Address Line One	15000 Valmont Plaza,
Entity Address, City or Town	Omaha,
Entity Address, State or Province	NE
Entity Address, Postal Zip Code	68154
City Area Code	402
Local Phone Number	963-1000
Title of 12(b) Security	Common Stock $1.00 par value
Trading Symbol	VMI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		21,333,058
Entity Central Index Key	0000102729
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Net sales	$ 1,097,382	$ 868,782	$ 3,213,734	$ 2,538,297
Total cost of sales	811,904	641,378	2,386,469	1,876,692
Gross profit	285,478	227,404	827,265	661,605
Selling, general and administrative expenses	175,506	151,209	503,732	425,574
Operating income	109,972	76,195	323,533	236,031
Other income (expenses):
Interest expense	(11,629)	(11,031)	(34,278)	(31,466)
Interest income	507	397	1,019	894
Gain (loss) on investments - unrealized	(901)	488	(4,306)	1,556
Other	2,822	2,644	8,537	10,297
Total other income (expenses)	(9,201)	(7,502)	(29,028)	(18,719)
Earnings before income taxes	100,771	68,693	294,505	217,312
Income tax expense:
Current	33,278	21,109	83,311	55,069
Deferred	(5,455)	(5,029)	(2,780)	(8,747)
Total income tax expense (benefit)	27,823	16,080	80,531	46,322
Earnings before equity in earnings of nonconsolidated subsidiaries	72,948	52,613	213,974	170,990
Equity in loss of nonconsolidated subsidiaries	(18)	(360)	(931)	(1,079)
Net earnings	72,930	52,253	213,043	169,911
Less: earnings attributable to noncontrolling interests	(818)	(603)	(2,512)	(1,137)
Net earnings attributable to Valmont Industries, Inc.	$ 72,112	$ 51,650	$ 210,531	$ 168,774
Earnings per share:
Basic (in dollars per share)	$ 3.38	$ 2.44	$ 9.88	$ 7.97
Diluted (in dollars per share)	$ 3.34	$ 2.40	$ 9.77	$ 7.86
Product sales
Net sales	$ 999,131	$ 782,694	$ 2,926,290	$ 2,283,460
Total cost of sales	739,353	585,986	2,193,846	1,712,721
Services sales
Net sales	98,251	86,088	287,444	254,837
Total cost of sales	$ 72,551	$ 55,392	$ 192,623	$ 163,971

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Statement of Comprehensive Income [Abstract]
Net earnings	$ 72,930	$ 52,253	$ 213,043	$ 169,911
Foreign currency translation adjustments:
Unrealized translation loss	(46,000)	(15,018)	(78,050)	(16,961)
Gain (loss) on hedging activities:
Cash flow hedges		307		16
Amortization cost included in interest expense	(16)	(16)	(48)	(48)
Commodity hedges	(2,233)	(5,754)	(1,185)	20,500
Realized (gain) loss on commodity hedges recorded in earnings	1,546	(9,870)	1,048	(10,140)
Cross currency swaps	5,592	2,530	10,873	4,041
Actuarial loss	115	163	371	1,838
Other comprehensive loss	(40,996)	(27,658)	(66,991)	(754)
Comprehensive income	31,934	24,595	146,052	169,157
Comprehensive (income) loss attributable to noncontrolling interests	242	268	(514)	(819)
Comprehensive income attributable to Valmont Industries, Inc.	$ 32,176	$ 24,863	$ 145,538	$ 168,338

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 24, 2022	Dec. 25, 2021
Current assets:
Cash and cash equivalents	$ 166,221	$ 177,232
Receivables, net	614,411	571,593
Inventories	746,282	728,834
Contract assets	215,684	142,643
Prepaid expenses and other assets	107,476	83,646
Refundable income taxes	0	8,815
Total current assets	1,850,074	1,712,763
Property, plant and equipment, at cost	1,426,883	1,422,101
Less accumulated depreciation and amortization	830,033	823,496
Net property, plant and equipment	596,850	598,605
Goodwill	728,587	708,566
Other intangible assets, net	182,796	175,364
Other assets	263,422	251,951
Total assets	3,621,729	3,447,249
Current liabilities:
Current installments of long-term debt	2,106	4,884
Notes payable to banks	4,935	13,439
Accounts payable	376,508	347,841
Accrued employee compensation and benefits	125,565	144,559
Contract liabilities	200,341	135,746
Other accrued expenses	136,335	108,771
Income taxes payable	10,668	0
Dividends payable	11,733	10,616
Total current liabilities	868,191	765,856
Deferred income taxes	48,542	47,849
Long-term debt, excluding current installments	935,129	947,072
Defined benefit pension liability	0	536
Operating lease liabilities	156,860	147,759
Deferred compensation	28,754	35,373
Other noncurrent liabilities	11,502	89,207
Shareholders' equity:
Common stock of $1 par value - Authorized 75,000,000 shares; 27,900,000 issued	27,900	27,900
Additional paid in capital	13,251	1,479
Retained earnings	2,569,641	2,394,307
Accumulated other comprehensive loss	(328,120)	(263,127)
Treasury stock	(769,941)	(773,712)
Total Valmont Industries, Inc. shareholders' equity	1,512,731	1,386,847
Noncontrolling interest in consolidated subsidiaries	60,020	26,750
Total shareholders' equity	1,572,751	1,413,597
Total liabilities and shareholders' equity	$ 3,621,729	$ 3,447,249

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 24, 2022	Dec. 25, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized (in shares)	75,000,000	75,000,000
Common stock, issued (in shares)	27,900,000	27,900,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021
Cash flows from operating activities:
Net earnings	$ 213,043	$ 169,911
Adjustments to reconcile net earnings to net cash flows from operations:
Depreciation and amortization	72,803	67,764
Stock-based compensation	29,998	17,895
Defined benefit pension plan benefit	(7,597)	(11,051)
Contribution to defined benefit pension plan	(17,155)	(970)
Loss (gain) on sale of property, plant and equipment	790	(1,250)
Equity in loss in nonconsolidated subsidiaries	931	1,079
Deferred income taxes	(2,780)	(8,747)
Changes in assets and liabilities:
Receivables	(60,450)	(30,709)
Inventories	(31,143)	(211,273)
Prepaid expenses and other assets (current and non-current)	6,738	(21,589)
Contract assets	(76,887)	(33,199)
Accounts payable	37,787	76,916
Accrued expenses	10,904	15,523
Contract liabilities	(10,051)	6,768
Other noncurrent liabilities	(9,312)	10,228
Income taxes payable/refundable	26,107	14,533
Net cash flows from operating activities	183,726	61,829
Acquisitions, net of cash acquired	(39,287)	(312,500)
Cash flows from investing activities:
Purchase of property, plant and equipment	(67,122)	(80,509)
Proceeds from sale of assets	71	1,655
Other, net	(108)	1,891
Net cash flows from investing activities	(106,446)	(389,463)
Cash flows from financing activities:
Proceeds from short-term borrowings	4,137	3,191
Payments on short-term borrowings	(12,366)	(23,654)
Proceeds from long-term borrowings	235,470	236,710
Principal payments on long-term borrowings	(251,155)	(66,128)
Settlement of financial derivatives	2,243	0
Dividends paid	(34,080)	(30,794)
Purchase of noncontrolling interest	(7,338)	0
Purchase of treasury shares	(20,491)	(24,101)
Proceeds from exercises under stock plans	8,778	22,747
Purchase of common treasury shares-stock plan exercises	(4,341)	(16,955)
Net cash flows from financing activities	(79,143)	101,016
Effect of exchange rate changes on cash and cash equivalents	(9,148)	(4,313)
Net change in cash and cash equivalents	(11,011)	(230,931)
Cash and cash equivalents-beginning of year	177,232	400,726
Cash and cash equivalents-end of period	$ 166,221	$ 169,795

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)	Treasury stock	Noncontrolling interest in consolidated subsidiaries	Total
Increase (Decrease) in Shareholders' Equity
Treasury stock					$ (781,422)
Beginning balance at Dec. 26, 2020	$ 27,900	$ 335	$ 2,245,035	$ (309,786)		$ 25,774	$ 1,207,836
Increase (Decrease) in Shareholders' Equity
Net earnings			168,774			1,137	169,911
Other comprehensive income (loss)				(436)		(318)	(754)
Cash dividends declared			(31,848)				(31,848)
Purchase of treasury shares, shares acquired					(24,100)		(24,100)
Stock plan exercises, shares acquired					(16,955)		(16,955)
Stock options exercised		(10,294)	(3,886)		36,927		22,747
Stock option expense		1,885					1,885
Stock awards		14,742			1,268		16,010
Ending balance at Sep. 25, 2021	27,900	6,668	2,378,075	(310,222)		26,593	1,344,732
Increase (Decrease) in Shareholders' Equity
Treasury stock					(786,857)
Beginning balance at Jun. 26, 2021	27,900		2,337,015	(283,435)		26,861	1,321,484
Increase (Decrease) in Shareholders' Equity
Net earnings			51,650			603	52,253
Other comprehensive income (loss)				(26,787)		(871)	(27,658)
Cash dividends declared			(10,617)				(10,617)
Purchase of treasury shares, shares acquired					(2,500)		(2,500)
Stock plan exercises, shares acquired					(33)		(33)
Stock options exercised		(2,194)	27		5,023		2,856
Stock option expense		618					618
Stock awards		8,244			85		8,329
Ending balance at Sep. 25, 2021	27,900	6,668	2,378,075	(310,222)		26,593	1,344,732
Increase (Decrease) in Shareholders' Equity
Treasury stock					(784,282)
Treasury stock					(773,712)		(773,712)
Beginning balance at Dec. 25, 2021	27,900	1,479	2,394,307	(263,127)		26,750	1,413,597
Increase (Decrease) in Shareholders' Equity
Net earnings			210,531			2,512	213,043
Other comprehensive income (loss)				(64,993)		(1,998)	(66,991)
Cash dividends declared			(35,197)				(35,197)
Purchase of noncontrolling interest		1,599				(8,937)	(7,338)
Addition of noncontrolling interest						41,693	41,693
Purchase of treasury shares, shares acquired					(20,491)		(20,491)
Stock plan exercises, shares acquired					(4,341)		(4,341)
Stock options exercised		(4,946)			13,724		8,778
Stock option expense		2,301					2,301
Stock awards		12,818			14,879		27,697
Ending balance at Sep. 24, 2022	27,900	13,251	2,569,641	(328,120)		60,020	1,572,751
Increase (Decrease) in Shareholders' Equity
Treasury stock					(764,917)
Beginning balance at Jun. 25, 2022	27,900	4,321	2,509,262	(288,184)		64,768	1,553,150
Increase (Decrease) in Shareholders' Equity
Net earnings			72,112			818	72,930
Other comprehensive income (loss)				(39,936)		(1,060)	(40,996)
Cash dividends declared			(11,733)				(11,733)
Purchase of noncontrolling interest		1,410				(4,456)	(3,046)
Addition of noncontrolling interest						50	50
Purchase of treasury shares, shares acquired					(10,715)		(10,715)
Stock plan exercises, shares acquired					(136)		(136)
Stock options exercised		(2,859)			5,791		2,932
Stock option expense		749					749
Stock awards		9,630			36		9,666
Ending balance at Sep. 24, 2022	$ 27,900	$ 13,251	$ 2,569,641	$ (328,120)		$ 60,020	1,572,751
Increase (Decrease) in Shareholders' Equity
Treasury stock					$ (769,941)		$ (769,941)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per share (in dollars per share)	$ 0.55	$ 0.50	$ 1.65	$ 1.50
Purchase of treasury shares, shares acquired (in shares)	38,606	10,759	77,410	103,056
Stock plan exercises; shares acquired (in shares)	507	144	19,282	71,412
Stock options exercised; shares issued (in shares)	20,448	20,749	69,025	164,872
Stock awards; shares issued (in shares)	270	494	80,163	9,554

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 24, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(1) BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Condensed Consolidated Financial Statements The Condensed Consolidated Balance Sheet as of September 24, 2022, the Condensed Consolidated Statements of Earnings, Comprehensive Income, and Shareholders’ Equity for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021, and the Condensed Consolidated Statement of Cash Flows for the thirty-nine weeks then ended have been prepared by Valmont Industries, Inc. (the “Company”), without audit. In the opinion of management, all necessary adjustments (which include normal recurring adjustments) have been made to present fairly the financial statements as of September 24, 2022 and for all periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These Condensed Consolidated Financial Statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 25, 2021. The results of operations for the period ended September 24, 2022 are not necessarily indicative of the operating results for the full year. Change in Reportable Segments During the first quarter of 2022, the Company’s Chief Executive Officer, as the chief operating decision maker ("CODM"), made changes to the Company’s management structure and began to manage the business, allocate resources, and evaluate performance under the new structure. As a result, the Company has realigned its reportable segment structure. All prior period segment information has been recast to reflect this change in reportable segments. Refer to Note 7 for additional information. Inventories Inventory is valued at the lower of cost, determined on the first-in, first-out (“FIFO”) method or net realizable value. Finished goods and manufactured goods inventories include the costs of acquired raw materials and related factory labor and overhead charges required to convert raw materials to manufactured and finished goods. Inventories consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 24, ​ December 25, ​ ​ 2022 2021 Raw materials and purchased parts ​ $ 274,713 ​ $ 278,107 Work-in-process ​ 77,806 ​ 63,628 Finished goods and manufactured goods ​ 393,763 ​ 387,099 Total Inventory ​ $ 746,282 ​ $ 728,834 ​ Income Taxes Earnings before income taxes for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ ​ 2022 2021 ​ 2022 2021 ​ United States ​ $ 41,146 ​ $ 47,784 ​ $ 164,177 ​ $ 156,028 ​ Foreign ​ 59,625 ​ 20,909 ​ 130,328 ​ 61,284 ​ ​ ​ $ 100,771 ​ $ 68,693 ​ $ 294,505 ​ $ 217,312 ​ ​ Pension Benefits The Company incurs expenses in connection with the Delta Pension Plan (“DPP”). The DPP was acquired as part of the Delta plc acquisition in fiscal 2010 and has no members that are active employees. In order to measure expense and the related benefit obligation, various assumptions are made including discount rates used to value the obligation, expected return on plan assets used to fund these expenses and estimated future inflation rates. These assumptions are based on historical experience as well as current facts and circumstances. An actuarial analysis is used to measure the expense and liability associated with pension benefits. The components of the net periodic pension (benefit) expense for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ Net periodic (benefit) expense: ​ 2022 2021 ​ 2022 2021 ​ Interest cost ​ $ 2,930 ​ $ 2,479 ​ $ 9,452 ​ $ 7,508 ​ Expected return on plan assets ​ (5,400) ​ (6,957) ​ (17,420) ​ (21,061) ​ Amortization of actuarial loss ​ 115 ​ 827 ​ 371 ​ 2,502 ​ Net periodic benefit ​ $ (2,355) ​ $ (3,651) ​ $ (7,597) ​ $ (11,051) ​ ​ Stock Plans The Company maintains stock-based compensation plans approved by the shareholders, which provide that the Human Resource Committee of the Board of Directors may grant incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock awards, restricted stock units, and bonuses of common stock. At September 24, 2022, Under the plans, the exercise price of each option equals the closing market price at the date of the grant. Options vest beginning on the first anniversary of the grant in equal amounts over three years or on the grant’s fifth anniversary. Expiration of grants is seven years to ten years from the date of grant. Restricted stock units and awards generally vest in equal installments over three or four years beginning on the first anniversary of the grant. The Company’s compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock options and restricted stock for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021, respectively, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ 2022 2021 2022 2021 Compensation expense ​ $ 10,415 ​ $ 8,947 ​ $ 29,998 ​ $ 17,895 Income tax benefits ​ 2,604 ​ 2,237 ​ 7,500 ​ 4,474 ​ Fair Value The Company applies the provisions of Accounting Standards Codification 820, Fair Value Measurements ​ ​ ASC 820 establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Following is a description of the valuation methodologies used for assets and liabilities measured at fair value. Trading Securities: The majority of the Company’s trading securities represent the investments held in the Valmont Deferred Compensation Plan (the “DCP”). The assets and liabilities of the DCP at September 24, 2022 of $23,757 ($29,982 at December 25, 2021) represent mutual funds, invested in debt and equity securities, classified as trading securities in accordance with Accounting Standards Codification ("ASC") 320, Accounting for Certain Investments in Debt and Equity Securities Derivative Financial Instruments: The fair value of foreign currency and commodity forward contracts, and cross currency contracts is based on a valuation model that discounts cash flows resulting from the differential between the contract price and the market-based forward rate. Marketable Securities: The Company's marketable securities consist of short-term investments in certificates of deposit. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement Using: ​ ​ ​ Quoted Prices in Significant Other Significant ​ ​ ​ ​ ​ Active Markets ​ Observable ​ Unobservable ​ ​ Carrying Value ​ for Identical ​ Inputs ​ Inputs ​ ​ September 24, 2022 ​ Assets (Level 1) ​ (Level 2) ​ (Level 3) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trading securities ​ $ 23,839 ​ $ 23,839 ​ $ — ​ $ — Derivative financial instruments, net ​ $ 8,690 ​ $ — ​ $ 8,690 ​ $ — Marketable securities ​ $ 6,292 ​ $ — ​ $ 6,292 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement Using: ​ ​ ​ Quoted Prices in Significant Other Significant ​ ​ Carrying Value ​ Active Markets ​ Observable ​ Unobservable ​ ​ December 25, ​ for Identical ​ Inputs ​ Inputs ​ ​ 2021 ​ Assets (Level 1) ​ (Level 2) ​ (Level 3) Assets (Liabilities): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trading securities ​ $ 30,076 ​ $ 30,076 ​ $ — ​ $ — Derivative financial instruments, net ​ $ (4,007) ​ $ — ​ $ (4,007) ​ $ — ​ Long-Lived Assets The Company’s other non-financial assets include goodwill and other intangible assets, which are classified as Level 3 items. These assets are measured at fair value on a non-recurring basis as part of annual impairment testing. Leases The Company’s operating leases are included in other assets and operating lease liabilities. Comprehensive Income (Loss) Comprehensive income (loss) includes net earnings, currency translation adjustments, certain derivative-related activity and changes in net actuarial gains/losses from a pension plan. Results of operations for foreign subsidiaries are translated using the average exchange rates during the period. Assets and liabilities are translated at the exchange rates in effect on the balance sheet dates. Accumulated other comprehensive income (loss) consisted of the following at September 24, 2022 and December 25, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ Accumulated ​ ​ Currency ​ Gain on ​ Defined ​ Other ​ ​ Translation ​ Hedging ​ Benefit ​ Comprehensive ​ ​ Adjustments ​ Activities ​ Pension Plan ​ Loss Balance at December 25, 2021 ​ $ (243,350) ​ $ 15,777 ​ $ (35,554) ​ $ (263,127) Current-period comprehensive income (loss) ​ (76,052) ​ 10,688 ​ 371 ​ (64,993) Balance at September 24, 2022 ​ $ (319,402) ​ $ 26,465 ​ $ (35,183) ​ $ (328,120) ​ Revenue Recognition The Company determines the appropriate revenue recognition for our contracts by analyzing the type, terms and conditions of each contract or arrangement with a customer. Contracts with customers for all businesses are fixed-price with sales tax excluded from revenue, and do not include variable consideration. Discounts included in contracts with customers, typically early pay discounts, are recorded as a reduction of net sales in the period in which the sale is recognized. Contract revenues are classified as product when the performance obligation is related to the manufacturing of goods. Contract revenues are classified as service when the performance obligation is the performance of a service. Service revenue is primarily related to the Coatings and Technology Products and Services product lines. Customer acceptance provisions exist only in the design stage of our products and acceptance of the design by the customer is required before the project is manufactured and delivered to the customer. The Company is not entitled to any compensation solely based on design of the product and does not recognize this service as a separate performance obligation and, therefore, no revenue is recognized with the design stage. No general rights of return exist for customers once the product has been delivered and the Company establishes provisions for estimated warranties. The Company does not sell extended warranties for any of its products. Shipping and handling costs associated with sales are recorded as cost of goods sold. The Company elected to use the practical expedient of treating freight as a fulfillment obligation instead of a separate performance obligation and ratably recognize freight expense as the structure is being manufactured, when the revenue from the associated customer contract is being recognized over time. With the exception of the transmission, distribution, and substation structures ("TD&S") product line, the renewable energy product lines, and the telecommunication structures product line, the Company’s inventory is interchangeable for a variety of each segment’s customers. The Company has elected to not disclose the partially satisfied performance obligation at the end of the period when the contract has an original expected duration of one year or less. In addition, the Company does not adjust the amount of consideration to be received in a contract for any significant financing component if payment is expected within twelve months of transfer of control of goods or services. The Company’s contract asset as of September 24, 2022 and December 25, 2021 was $215,684 and $142,643, respectively. While most of the Infrastructure segment customers are generally invoiced upon shipment or delivery of the goods to the customer’s specified location, certain customers are also invoiced by advanced billings or progress billings. At September 24, 2022 and December 25, 2021, total contract liabilities were $200,488 and $213,203, respectively. At September 24, 2022, $200,341 was recorded as contract liabilities and $147 was recorded as other noncurrent liabilities on the condensed consolidated balance sheets. Additional details are as follows: ● During the thirteen and thirty-nine weeks ended September 24, 2022, the Company recognized $16,826 and $75,998 of revenue that was included in the total contract liability as of December 25, 2021. The revenue recognized was due to applying advance payments received for performance obligations completed during the period; ● In the thirteen and thirty-nine weeks ended September 25, 2021, the Company recognized $18,981 and $88,350 of revenue that was included in the total contract liability as of December 26, 2020. The revenue recognized was due to applying advance payments received for performance obligations completed during the period; and ● At September 24, 2022, the Company had $147 of remaining performance obligations on contracts with an original expected duration of one year or more and expects to complete the remaining performance obligations on these contracts within the next 12 to 24 months . Segment and Product Line Revenue Recognition Infrastructure Segment Steel and concrete utility structures within the TD&S product line are engineered to customer specifications resulting in limited ability to sell the structure to a different customer if an order is canceled after production commences. The continuous transfer of control to the customer is evidenced either by contractual termination clauses or by our rights to payment for work performed to-date plus a reasonable profit as the products do not have an alternative use to the Company. Since control is transferring over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. The selection of the method to measure progress towards completion requires judgment. For our TD&S and telecommunication structure product lines, we generally recognize revenue on an inputs basis, using total production hours incurred to-date for each order as a percentage of total hours estimated to produce the order. The completion percentage is applied to the order’s total revenue and total estimated costs to determine reported revenue, cost of goods sold and gross profit. Production of an order, once started, is typically completed within three months. Depending on the product sold, revenue from renewable energy is recognized both upon shipment or delivery of goods to the customer depending on contract terms, or by using an inputs method, based on the ratio of costs incurred to-date to the total estimated costs at completion of the performance obligation. External sales agents are used in certain TD&S sales and the Company has chosen to expense estimated commissions owed to third parties by recognizing them proportionately as the goods are manufactured. For the structures sold for lighting and transportation and for the majority of telecommunication products, revenue is recognized upon shipment or delivery of goods to the customer depending on contract terms, which is the same point in time that the customer is billed. There are also large regional customers who have unique product specifications for telecommunication structures. When the customer contract includes a cancellation clause that would require them to pay for work completed plus a reasonable margin if an order was canceled, revenue is recognized over time based on hours worked as a percent of total estimated hours to complete production. The Coatings product line revenues are derived by providing coating services to customers’ products, which include galvanizing, anodizing, and powder coating. Revenue is recognized once the coating service has been performed and the goods are ready to be picked up or delivered to the customer which is the same time that the customer is billed. Agriculture Segment Revenue recognition from the manufacture of irrigation equipment and related parts and services (including tubular products for industrial customers) is generally upon shipment of the goods to the customer which is the same point in time that the customer is billed. The remote monitoring subscription services recognized as part of technology services product line are primarily billed annually and revenue is recognized on a straight-line basis over the subsequent twelve months. Disaggregation of revenue by product line is disclosed in the Business Segments and Related Revenue Information footnote (see note 7). Recently Issued Accounting Pronouncements (not yet adopted) In September 2022, the FASB issued ASU No. 2022-04: Liabilities - Supplier Finance Programs (Topic 450-50): Disclosure of Supplier Finance Program Obligations to enhance the transparency of such programs to allow financial statement users to understand the effect on working capital, liquidity and cash flows. The new guidance requires disclosure of key terms of the program, including a description of the payment terms, payment timing and assets pledged as security or other forms of guarantees provided to the finance provider or intermediary. Other requirements include the disclosure of the amount that remains unpaid as of the end of the reporting period, a description of where these obligations are presented in the balance sheet and a rollforward of the obligation during the annual period. The guidance is effective in the first quarter of 2023, except for the rollforward, which is effective in 2024. Early adoption is permitted. We are currently evaluating the effect of adopting this accounting guidance. ​ In March 2020, the FASB issued Accounting Standards Update No. 2020-04 (ASU 2020-04), Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides optional expedients and exceptions for applying GAAP principles to contracts, hedging relationships, and other transactions that reference London Interbank Offered Rate (LIBOR) or another reference rate expected to be discontinued due to reference rate reform. In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 24, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	(2) ACQUISITIONS Acquisitions of Businesses On June 1, 2022, the Company acquired approximately 51% of ConcealFab for $39,287 in cash (net of cash acquired) and subject to working capital adjustments. Approximately $1,850 of the purchase price is contingent on seller representations and warranties that will be settled within 18 months of the acquisition date. ConcealFab is located in Colorado Springs, Colorado and its operations are reported in the Infrastructure segment. The acquisition was made to allow the Company to incorporate innovative 5G infrastructure and passive intermodulation mitigation solutions into our advanced infrastructure portfolio. Goodwill is not deductible for tax purposes. The amount allocated to goodwill was primarily attributable to anticipated synergies and other intangibles that do not qualify for separate recognition. The Company expects to finalize the purchase price allocation early in the first quarter of 2023. The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed of ConcealFab as of the date of acquisition: ​ ​ ​ ​ ​ As of June 1, ​ ​ 2022 Current assets ​ $ 21,133 Customer relationships ​ 26,200 Trade name ​ 5,000 Property, plant & equipment ​ 3,813 Other assets ​ 9,108 Goodwill ​ 42,465 Total fair value of assets acquired ​ $ 107,719 Current liabilities ​ 6,658 Long-term debt ​ 2,038 Operating lease liabilities ​ 7,812 Deferred taxes ​ 5,464 Other noncurrent liabilities ​ 12 Total fair value of liabilities assumed ​ $ 21,984 Non-controlling interest in consolidated subsidiaries ​ 41,693 Net assets acquired ​ $ 44,042 ​ On May 12, 2021, the Company acquired the outstanding shares of Prospera, an artificial intelligence company focused on machine learning and computer vision in agriculture, for $300,000 in cash (net of cash acquired). The acquisition of Prospera, located in Tel Aviv, Israel, was made to allow the Company to accelerate innovation with machine learning for agronomy and is reported in the Agriculture segment. Goodwill is not deductible for tax purposes, the trade name will be amortized over 7 5 The following table summarizes the fair values of the assets acquired and liabilities assumed of Prospera as of the date of acquisition: ​ ​ ​ ​ ​ As of May 12, ​ ​ 2021 Current assets ​ $ 647 Developed technology ​ 32,900 Trade name ​ 2,850 Property, plant & equipment ​ 1,063 Goodwill ​ 273,453 Total fair value of assets acquired ​ $ 310,913 Current liabilities ​ 2,690 Deferred taxes ​ 8,223 Total fair value of liabilities assumed ​ $ 10,913 Net assets acquired ​ $ 300,000 ​ On April 20, 2021 the Company acquired the assets of PivoTrac for $12,500 in cash. The agreed upon purchase price was $14,000, with $1,500 being held back for seller representations and warranties. The acquisition of PivoTrac, located in Texas, was made to allow the Company to advance its technology strategy and increase its number of connected agricultural devices and will be reported in the Agriculture segment. The fair values assigned were $10,800 for goodwill, $2,627 for customer relationships, and the remainder is net working capital. Goodwill is not deductible for tax purposes and the customer relationship will be amortized over 8 years. The Company finalized the purchase price allocation in the second quarter of 2022. Proforma disclosures were omitted for these acquisitions as the they do not have a significant impact on the Company’s financial results. ​ Acquisition of Noncontrolling Interests On August 10, 2022, the Company acquired the remaining 9% of Convert Italy S.p.A. for $3,046. As this transaction was for the acquisition of all of the remaining shares of consolidated subsidiary with no change in control, it was recorded within shareholders’ equity and as a financing cash flow in the Consolidated Statements of Cash Flows. ​ On May 10, 2022, the Company acquired the remaining 20% of Valmont West Coast Engineering Ltd. for $4,292. As this transaction was for the acquisition of all of the remaining shares of consolidated subsidiary with no change in control, it was recorded within shareholders’ equity and as a financing cash flow in the Consolidated Statements of Cash Flows.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 24, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	(3) GOODWILL AND INTANGIBLE ASSETS Amortized Intangible Assets The components of amortized intangible assets as of September 24, 2022 and December 25, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 24, 2022 ​ ​ Gross ​ ​ ​ ​ Weighted ​ ​ Carrying ​ Accumulated ​ Average ​ Amount Amortization Life Customer Relationships ​ $ 241,049 ​ $ 160,896 ​ 13 years Patents & Proprietary Technology ​ 57,202 ​ 19,572 8 years Trade Name ​ 2,850 ​ 543 7 years Other ​ 4,415 ​ 4,091 6 years ​ ​ $ 305,516 ​ $ 185,102 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 25, 2021 ​ ​ Gross ​ ​ ​ ​ Weighted ​ ​ Carrying ​ Accumulated ​ Average ​ ​ Amount Amortization Life Customer Relationships ​ $ 224,597 ​ $ 160,626 ​ 13 years Patents & Proprietary Technology ​ 58,699 ​ 13,955 9 years Trade Name ​ ​ 2,850 ​ ​ 183 ​ 7 years Other ​ 4,534 ​ 3,959 6 years ​ ​ $ 290,680 ​ $ 178,723 ​ ​ ​ Amortization expense for intangible assets for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021, respectively was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ 2022 2021 2022 2021 Amortization expense ​ $ 5,386 ​ $ 6,137 ​ $ 16,766 ​ $ 15,551 ​ Estimated annual amortization expense related to finite-lived intangible assets is as follows: ​ ​ ​ ​ ​ Estimated ​ ​ Amortization ​ ​ Expense 2022 ​ $ 22,021 2023 ​ 20,631 2024 ​ 18,703 2025 ​ 17,269 2026 ​ 12,743 ​ The useful lives assigned to finite-lived intangible assets included consideration of factors such as the Company’s past and expected experience related to customer retention rates, the remaining legal or contractual life of the underlying arrangement that resulted in the recognition of the intangible asset and the Company’s expected use of the intangible asset. Non-amortized intangible assets Intangible assets with indefinite lives are not amortized and consist solely of trade names. The carrying value of trade names at September 24, 2022 and December 25, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 24, December 25, Year ​ ​ 2022 ​ 2021 ​ Acquired Newmark ​ $ 11,111 ​ $ 11,111 2004 Convert Italia S.p.A ​ 7,266 ​ 8,479 2018 Webforge ​ ​ 6,375 ​ ​ 7,877 ​ 2010 Ingal EPS/Ingal Civil Products ​ 6,181 ​ 7,637 2010 Valmont SM ​ 5,209 ​ 6,082 2014 ConcealFab ​ 5,000 ​ — 2022 Shakespeare ​ 4,000 ​ 4,000 2014 Walpar ​ 3,500 ​ 3,500 2018 Other ​ 13,741 ​ 14,721 Various ​ ​ $ 62,383 ​ $ 63,407 ​ ​ ​ In its determination of these intangible assets as indefinite-lived, the Company considered such factors as its expected future use of the intangible asset, legal, regulatory, technological and competitive factors that may impact the useful life or value of the intangible asset and the expected costs to maintain the value of the intangible asset. The Company expects that these intangible assets will maintain their value indefinitely. Accordingly, these assets are not amortized. The Company’s trade names were tested for impairment as of August 27, 2022. The values of each trade name were determined using the relief-from-royalty method. Based on this evaluation, no trade names were determined to be impaired. Goodwill The carrying amount of goodwill by segment as of September 24, 2022 and December 25, 2021 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Infrastructure Agriculture ​ ​ ​ ​ Segment ​ Segment ​ Total Gross Balance December 25, 2021 ​ $ 456,876 ​ $ 313,512 ​ $ 770,388 Accumulated impairment losses ​ (61,822) ​ — ​ (61,822) Balance at December 25, 2021 ​ 395,054 ​ 313,512 ​ ​ 708,566 Acquisitions ​ 42,465 ​ — ​ 42,465 Foreign currency translation ​ (22,726) ​ 282 ​ (22,444) Balance at September 24, 2022 ​ $ 414,793 ​ $ 313,794 ​ $ 728,587 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Infrastructure Agriculture ​ ​ ​ ​ Segment ​ Segment ​ Total Gross Balance September 24, 2022 ​ $ 476,615 ​ $ 313,794 ​ $ 790,409 Accumulated impairment losses ​ ​ (61,822) ​ ​ — ​ ​ (61,822) Balance at September 24, 2022 ​ $ 414,793 ​ $ 313,794 ​ $ 728,587 ​ The Company’s annual impairment test of goodwill was performed as of August 27, 2022, using primarily the discounted cash flow method. The estimated fair value of all our reporting units exceeded their respective carrying value, so no goodwill impairments were recorded. During fiscal 2022, no goodwill impairments have been recorded.

CASH FLOW SUPPLEMENTARY INFORMA

CASH FLOW SUPPLEMENTARY INFORMATION	9 Months Ended
	Sep. 24, 2022
Supplemental Cash Flow Elements [Abstract]
CASH FLOW SUPPLEMENTARY INFORMATION	(4) CASH FLOW SUPPLEMENTARY INFORMATION The Company considers all highly liquid temporary cash investments purchased with an original maturity of three months or less at the time of purchase to be cash equivalents. Cash payments for interest and income taxes (net of refunds) for the thirty-nine weeks ended September 24, 2022 and September 25, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Interest ​ $ 23,678 ​ $ 20,716 Income taxes ​ 61,551 ​ 40,113 ​

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 24, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	(5) EARNINGS PER SHARE The following table provides a reconciliation between Basic and Diluted earnings per share (“EPS”): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dilutive ​ ​ ​ ​ ​ ​ Effect of ​ ​ ​ ​ ​ ​ ​ Stock ​ Diluted ​ ​ Basic EPS ​ Options ​ EPS Thirteen weeks ended September 24, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings attributable to Valmont Industries, Inc. ​ $ 72,112 ​ $ — ​ $ 72,112 Weighted average shares outstanding (000’s) ​ 21,332 ​ 273 ​ 21,605 Per share amount ​ $ 3.38 ​ $ (0.04) ​ $ 3.34 Thirteen weeks ended September 25, 2021: ​ ​ ​ ​ ​ Net earnings attributable to Valmont Industries, Inc. ​ $ 51,650 ​ $ — ​ $ 51,650 Weighted average shares outstanding (000’s) ​ 21,175 ​ 377 ​ 21,552 Per share amount ​ $ 2.44 ​ $ (0.04) ​ $ 2.40 Thirty-nine weeks ended September 24, 2022 ​ ​ ​ ​ ​ . Net earnings attributable to Valmont Industries, Inc. ​ $ 210,531 ​ $ — ​ $ 210,531 Weighted average shares outstanding (000’s) ​ 21,308 ​ 238 ​ 21,546 Per share amount ​ $ 9.88 ​ $ (0.11) ​ $ 9.77 Thirty-nine weeks ended September 25, 2021: ​ ​ ​ ​ ​ Net earnings attributable to Valmont Industries, Inc. ​ $ 168,774 ​ $ — ​ $ 168,774 Weighted average shares outstanding (000’s) ​ 21,182 ​ 301 ​ 21,483 Per share amount ​ $ 7.97 ​ $ (0.11) ​ $ 7.86 ​ As of September 24, 2022 and September 25, 2021, there were no outstanding stock options with exercise prices exceeding the market price of common stock that were excluded from the computation of diluted earnings per share, respectively.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 24, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	(6) DERIVATIVE FINANCIAL INSTRUMENTS The Company manages interest rate risk, commodity price risk, and foreign currency risk related to foreign currency denominated transactions and investments in foreign subsidiaries. Depending on the circumstances, the Company may manage these risks by utilizing derivative financial instruments. Some derivative financial instruments are marked to market and recorded in the Company’s consolidated statements of earnings, while others may be accounted for as fair value, cash flow, or net investment hedges. Derivative financial instruments have credit and market risk. The Company manages these risks of derivative instruments by monitoring limits as to the types and degree of risk that can be taken, and by entering into transactions with counterparties who are recognized, stable multinational banks. Any gains or losses from net investment hedge activities remain in accumulated other comprehensive income (“AOCI”) until either the sale or substantially complete liquidation of the related subsidiaries. Fair value of derivative instruments at September 24, 2022 and December 25, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 24, ​ December 25, Derivatives designated as hedging instruments: Balance sheet location ​ 2022 ​ 2021 Commodity forward contracts ​ Accrued expenses ​ $ (5,938) ​ $ (5,802) Foreign currency forward contracts Prepaid expenses and other assets ​ ​ 10 ​ 149 Foreign currency forward contracts Accrued expenses ​ ​ (946) ​ (118) Cross currency swap contracts Prepaid expenses and other assets ​ ​ 15,664 ​ 1,764 Cross currency swap contracts Accrued expenses ​ ​ (100) ​ — ​ ​ ​ ​ $ 8,690 ​ $ (4,007) ​ Gains (losses) on derivatives recognized in the condensed consolidated statements of earnings for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ Statements of earnings ​ September 24, ​ September 25, ​ September 24, ​ September 25, ​ ​ location ​ 2022 2021 2022 2021 Commodity forward contracts ​ Product cost of sales ​ $ (1,545) ​ $ 9,870 ​ $ (1,047) ​ $ 10,140 Foreign currency forward contracts ​ Other income ​ ​ (94) ​ 187 ​ ​ (177) ​ 123 Interest rate hedge amortization ​ Interest expense ​ ​ (16) ​ (16) ​ ​ (48) ​ (48) Cross currency swap contracts ​ Interest expense ​ ​ 793 ​ 691 ​ ​ 2,300 ​ 2,060 ​ ​ ​ ​ $ (862) ​ $ 10,732 ​ $ 1,028 ​ $ 12,275 ​ Cash Flow Hedges During 2021, the Company entered into steel hot rolled coil (“HRC”) commodity forward contracts that qualify as a cash flow hedge of the variability in cash flows attributable to future steel purchases. The forward contracts had a notional amount of $93,498 for the total purchase of 86,100 short tons. During the second quarter of 2022, the Company entered into additional steel HRC forward contracts that qualify as a cash flow hedge of the variability in cash flows attributable to future steel purchases. The forward contracts had a notional amount of $14,010 for the total purchase of 15,000 short tons. As of September 24, 2022, the forward contracts had a notional amount of $27,290 for the total purchase of 28,200 short tons from October 2022 to March 2023. The gain (loss) realized upon settlement will be recorded in product cost of sales in the condensed consolidated statements of earnings over average inventory turns. During the third quarter of 2022, the Company entered into natural gas commodity forward contracts that qualify as a cash flow hedge of the variability in cash flows attributable to future natural gas purchases. The forward contracts had a notional amount of $5,211 for the total purchase of 770,000 mmBtu from October 2022 to October 2023. The gain (loss) realized upon settlement will be recorded in product cost of sales in the condensed consolidated statements of earnings in the period consumed. During the third quarter of 2022, a subsidiary with a Euro functional currency entered into a foreign currency forward contract to mitigate foreign currency risk related to a large customer order denominated in U.S. dollars. The forward contract, which qualifies as a fair value hedge, matures in February 2023 and has a notional amount to sell $1,800 in exchange for a stated amount of Euros. Net Investment Hedges In 2019, the Company entered into two fixed-for-fixed cross currency swaps (“CCS”), swapping U.S. dollar principal and interest payments on a portion of its 5.00% senior unsecured notes due 2044 for Danish krone (“DKK”) and Euro denominated payments. The CCS were entered into in order to mitigate foreign currency risk on the Company’s Euro and DKK investments and to reduce interest expense. Interest is exchanged twice per year on April 1 and October 1. The Company designated the initial full notional amount of the two CCS ($130,000 ) as a hedge of the net investment in certain Danish and European subsidiaries under the spot method, with all changes in the fair value of the CCS that are included in the assessment of effectiveness (changes due to spot foreign exchange rates) are recorded as cumulative foreign currency translation within AOCI. Net interest receipts will be recorded as a reduction of interest expense over the life of the CCS. During the third quarter of 2022, the Company partially settled the DKK CCS and received proceeds of $2,243, which will remain in AOCI until either the sale or substantially complete liquidation of the related subsidiaries. Key terms of the remaining two CCS are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional ​ ​ ​ ​ Swapped ​ Set Settlement Currency ​ Amount ​ Termination Date ​ Interest Rate ​ Amount Danish Krone ​ $ 20,000 ​ ​ April 1, 2024 2.68% ​ ​ DKK 133,450 Euro ​ $ 80,000 ​ ​ April 1, 2024 2.825% ​ ​ € 71,550 ​

BUSINESS SEGMENTS

BUSINESS SEGMENTS	9 Months Ended
	Sep. 24, 2022
Segment Reporting [Abstract]
BUSINESS SEGMENTS	(7) BUSINESS SEGMENTS & RELATED REVENUE INFORMATION During the first quarter of 2022, the Company’s CODM changed the Company’s management structure and began to manage the business, allocate resources and evaluate performance based on the new structure. As a result, the Company has realigned to a two reportable segment structure organized by market dynamics (Infrastructure and Agriculture). Three operating segments resulted from the new management structure and two are aggregated into the Agriculture reportable segment. The Company considers gross profit margins, nature of products sold, nature of the production processes, type and class of customer, and methods used to distribute products when assessing aggregation of operating segments. The Infrastructure segment includes the previous reportable segments of Utility Structures, Engineered Support Structures, and Coatings. All prior period segment information has been recast to reflect this change in reportable segments. Both reportable segments are global in nature with a manager responsible for segment operational performance and the allocation of capital within the segment. Net corporate expense is net of certain service-related expenses that are allocated to business units generally on the basis of employee headcounts. Reportable segments are as follows: INFRASTRUCTURE: AGRICULTURE: The Company evaluates the performance of its reportable segments based upon operating income and invested capital. The Company does not allocate interest expense, non-operating income (expense), or income taxes to its reportable segments. ​ Summary by Business ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ September 24, September 25, September 24, September 25, ​ ​ 2022 ​ 2021 ​ 2022 ​ 2021 SALES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Infrastructure ​ $ 778,353 ​ $ 634,283 ​ $ 2,224,029 ​ $ 1,801,533 Agriculture ​ 327,261 ​ 240,331 ​ 1,011,606 ​ 751,960 Total ​ 1,105,614 ​ 874,614 ​ 3,235,635 ​ 2,553,493 INTERSEGMENT SALES: ​ ​ ​ ​ Infrastructure ​ (5,112) ​ (1,826) ​ (12,413) ​ (7,823) Agriculture ​ (3,120) ​ (4,006) ​ (9,488) ​ (7,373) Total ​ (8,232) ​ (5,832) ​ (21,901) ​ (15,196) NET SALES: ​ ​ ​ ​ Infrastructure ​ 773,241 ​ 632,457 ​ 2,211,616 ​ 1,793,710 Agriculture ​ 324,141 ​ 236,325 ​ 1,002,118 ​ 744,587 Total ​ $ 1,097,382 ​ $ 868,782 ​ $ 3,213,734 ​ $ 2,538,297 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OPERATING INCOME: ​ ​ ​ ​ Infrastructure ​ $ 93,572 ​ $ 71,422 ​ $ 255,722 ​ $ 187,421 Agriculture ​ 43,258 ​ 27,735 ​ 138,779 ​ 108,467 Corporate ​ (26,858) ​ (22,962) ​ (70,968) ​ (59,857) Total ​ $ 109,972 ​ $ 76,195 ​ $ 323,533 ​ $ 236,031 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended September 24, 2022 ​ ​ Infrastructure Agriculture Intersegment Sales Consolidated Geographical market: ​ ​ ​ ​ ​ North America ​ $ 579,628 ​ $ 178,626 ​ $ (7,114) ​ $ 751,140 International ​ 198,725 ​ 148,635 ​ (1,118) ​ 346,242 Total ​ $ 778,353 ​ $ 327,261 ​ $ (8,232) ​ $ 1,097,382 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Product line: ​ ​ ​ ​ Transmission, Distribution and Substation ​ $ 304,781 ​ $ — ​ $ — ​ $ 304,781 Lighting and Transportation ​ 241,590 ​ — ​ — ​ 241,590 Coatings ​ 91,969 ​ — ​ (3,994) ​ 87,975 Telecommunications ​ 92,830 ​ — ​ — ​ 92,830 Renewable Energy ​ 47,183 ​ — ​ (1,118) ​ 46,065 Irrigation Equipment and Parts, excluding Technology ​ — ​ 303,003 ​ (3,120) ​ 299,883 Technology Products and Services ​ — ​ 24,258 ​ — ​ 24,258 Total ​ $ 778,353 ​ $ 327,261 ​ $ (8,232) ​ $ 1,097,382 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-nine weeks ended September 24, 2022 ​ ​ Infrastructure Agriculture Intersegment Sales Consolidated Geographical market: ​ ​ ​ ​ ​ North America ​ $ 1,645,472 ​ $ 564,369 ​ $ (20,316) ​ $ 2,189,525 International ​ 578,557 ​ 447,237 ​ (1,585) ​ 1,024,209 Total ​ $ 2,224,029 ​ $ 1,011,606 ​ $ (21,901) ​ $ 3,213,734 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Product line: ​ ​ ​ ​ Transmission, Distribution and Substation ​ $ 882,216 ​ $ — ​ $ — ​ $ 882,216 Lighting and Transportation ​ 701,009 ​ — ​ — ​ 701,009 Coatings ​ 264,266 ​ — ​ (11,295) ​ 252,971 Telecommunications ​ 232,765 ​ — ​ — ​ 232,765 Renewable Energy ​ 143,773 ​ — ​ (1,118) ​ 142,655 Irrigation Equipment and Parts, excluding Technology ​ — ​ 928,622 ​ (9,488) ​ 919,134 Technology Products and Services ​ — ​ 82,984 ​ — ​ 82,984 Total ​ $ 2,224,029 ​ $ 1,011,606 ​ $ (21,901) ​ $ 3,213,734 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended September 25, 2021 ​ ​ Infrastructure Agriculture Intersegment Sales Consolidated Geographical market: ​ ​ ​ ​ ​ North America ​ $ 439,610 ​ $ 116,308 ​ $ (5,832) ​ $ 550,086 International ​ 194,673 ​ 124,023 ​ — ​ 318,696 Total ​ $ 634,283 ​ $ 240,331 ​ $ (5,832) ​ $ 868,782 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Product line: ​ ​ ​ ​ Transmission, Distribution and Substation ​ $ 239,572 ​ $ — ​ $ — ​ $ 239,572 Lighting and Transportation ​ 217,962 ​ — ​ — ​ 217,962 Coatings ​ 76,761 ​ — ​ (1,826) ​ 74,935 Telecommunications ​ 63,088 ​ — ​ — ​ 63,088 Renewable Energy ​ 36,900 ​ — ​ — ​ 36,900 Irrigation Equipment and Parts, excluding Technology ​ — ​ 218,892 ​ (4,006) ​ 214,886 Technology Products and Services ​ — ​ 21,439 ​ — ​ 21,439 Total ​ $ 634,283 ​ $ 240,331 ​ $ (5,832) ​ $ 868,782 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-nine weeks ended September 25, 2021 ​ ​ Infrastructure Agriculture Intersegment Sales Consolidated Geographical market: ​ ​ ​ ​ ​ North America ​ $ 1,246,512 ​ $ 395,096 ​ $ (15,196) ​ $ 1,626,412 International ​ 555,021 ​ 356,864 ​ — ​ 911,885 Total ​ $ 1,801,533 ​ $ 751,960 ​ $ (15,196) ​ $ 2,538,297 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Product line: ​ ​ ​ ​ Transmission, Distribution and Substation ​ $ 668,474 ​ $ — ​ $ — ​ $ 668,474 Lighting and Transportation ​ 609,725 ​ — ​ — ​ 609,725 Coatings ​ 231,900 ​ — ​ (7,823) ​ 224,077 Telecommunications ​ 162,830 ​ — ​ — ​ 162,830 Renewable Energy ​ 128,604 ​ — ​ — ​ 128,604 Irrigation Equipment and Parts, excluding Technology ​ — ​ 679,600 ​ (7,373) ​ 672,227 Technology Products and Services ​ — ​ 72,360 ​ — ​ 72,360 Total ​ $ 1,801,533 ​ $ 751,960 ​ $ (15,196) ​ $ 2,538,297 ​ ​ A breakdown by segment of revenue recognized over time and at a point in time for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Point in Time ​ Over Time ​ Total ​ ​ Thirteen ​ Thirteen ​ Thirteen ​ ​ weeks ended ​ weeks ended ​ weeks ended ​ September 24, 2022 September 24, 2022 September 24, 2022 Infrastructure ​ $ 434,839 ​ $ 338,402 ​ $ 773,241 Agriculture ​ 317,669 ​ ​ 6,472 ​ 324,141 Total ​ $ 752,508 ​ $ 344,874 ​ $ 1,097,382 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Point in Time Over Time Total ​ ​ Thirty-nine ​ Thirty-nine ​ Thirty-nine ​ ​ weeks ended ​ weeks ended ​ weeks ended ​ ​ September 24, 2022 ​ September 24, 2022 ​ September 24, 2022 Infrastructure ​ $ 1,233,320 ​ $ 978,296 ​ $ 2,211,616 Agriculture ​ 983,450 ​ ​ 18,668 ​ 1,002,118 Total ​ $ 2,216,770 ​ $ 996,964 ​ $ 3,213,734 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Point in Time Over Time Total ​ ​ Thirteen ​ Thirteen ​ Thirteen ​ ​ weeks ended ​ weeks ended ​ weeks ended ​ ​ September 25, 2021 ​ September 25, 2021 ​ September 25, 2021 Infrastructure ​ $ 359,017 ​ $ 273,440 ​ $ 632,457 Agriculture ​ 230,273 ​ ​ 6,052 ​ 236,325 Total ​ $ 589,290 ​ $ 279,492 ​ $ 868,782 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Point in Time Over Time Total ​ ​ Thirty-nine ​ Thirty-nine ​ Thirty-nine ​ ​ weeks ended ​ weeks ended ​ weeks ended ​ ​ September 25, 2021 ​ September 25, 2021 ​ September 25, 2021 Infrastructure ​ $ 997,482 ​ $ 796,228 ​ $ 1,793,710 Agriculture ​ 729,813 ​ ​ 14,774 ​ 744,587 Total ​ $ 1,727,295 ​ $ 811,002 ​ $ 2,538,297 ​

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 24, 2022
Accounting Policies [Abstract]
Condensed Consolidated Financial Statements	Condensed Consolidated Financial Statements The Condensed Consolidated Balance Sheet as of September 24, 2022, the Condensed Consolidated Statements of Earnings, Comprehensive Income, and Shareholders’ Equity for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021, and the Condensed Consolidated Statement of Cash Flows for the thirty-nine weeks then ended have been prepared by Valmont Industries, Inc. (the “Company”), without audit. In the opinion of management, all necessary adjustments (which include normal recurring adjustments) have been made to present fairly the financial statements as of September 24, 2022 and for all periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These Condensed Consolidated Financial Statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 25, 2021. The results of operations for the period ended September 24, 2022 are not necessarily indicative of the operating results for the full year.
Change in Reportable Segments	Change in Reportable Segments During the first quarter of 2022, the Company’s Chief Executive Officer, as the chief operating decision maker ("CODM"), made changes to the Company’s management structure and began to manage the business, allocate resources, and evaluate performance under the new structure. As a result, the Company has realigned its reportable segment structure. All prior period segment information has been recast to reflect this change in reportable segments. Refer to Note 7 for additional information.
Inventories	Inventories Inventory is valued at the lower of cost, determined on the first-in, first-out (“FIFO”) method or net realizable value. Finished goods and manufactured goods inventories include the costs of acquired raw materials and related factory labor and overhead charges required to convert raw materials to manufactured and finished goods.
Pension Benefits	Pension Benefits The Company incurs expenses in connection with the Delta Pension Plan (“DPP”). The DPP was acquired as part of the Delta plc acquisition in fiscal 2010 and has no members that are active employees. In order to measure expense and the related benefit obligation, various assumptions are made including discount rates used to value the obligation, expected return on plan assets used to fund these expenses and estimated future inflation rates. These assumptions are based on historical experience as well as current facts and circumstances. An actuarial analysis is used to measure the expense and liability associated with pension benefits.
Stock Plans	Stock Plans The Company maintains stock-based compensation plans approved by the shareholders, which provide that the Human Resource Committee of the Board of Directors may grant incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock awards, restricted stock units, and bonuses of common stock. At September 24, 2022, Under the plans, the exercise price of each option equals the closing market price at the date of the grant. Options vest beginning on the first anniversary of the grant in equal amounts over three years or on the grant’s fifth anniversary. Expiration of grants is seven years to ten years from the date of grant. Restricted stock units and awards generally vest in equal installments over three or four years beginning on the first anniversary of the grant.
Fair Value	Fair Value The Company applies the provisions of Accounting Standards Codification 820, Fair Value Measurements ​ ​ ASC 820 establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data. The categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Following is a description of the valuation methodologies used for assets and liabilities measured at fair value. Trading Securities: The majority of the Company’s trading securities represent the investments held in the Valmont Deferred Compensation Plan (the “DCP”). The assets and liabilities of the DCP at September 24, 2022 of $23,757 ($29,982 at December 25, 2021) represent mutual funds, invested in debt and equity securities, classified as trading securities in accordance with Accounting Standards Codification ("ASC") 320, Accounting for Certain Investments in Debt and Equity Securities Derivative Financial Instruments: The fair value of foreign currency and commodity forward contracts, and cross currency contracts is based on a valuation model that discounts cash flows resulting from the differential between the contract price and the market-based forward rate. Marketable Securities: The Company's marketable securities consist of short-term investments in certificates of deposit.
Long-Lived Assets	Long-Lived Assets The Company’s other non-financial assets include goodwill and other intangible assets, which are classified as Level 3 items. These assets are measured at fair value on a non-recurring basis as part of annual impairment testing.
Leases	Leases The Company’s operating leases are included in other assets and operating lease liabilities.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) includes net earnings, currency translation adjustments, certain derivative-related activity and changes in net actuarial gains/losses from a pension plan. Results of operations for foreign subsidiaries are translated using the average exchange rates during the period. Assets and liabilities are translated at the exchange rates in effect on the balance sheet dates. Accumulated other comprehensive income (loss) consisted of the following at September 24, 2022 and December 25, 2021:
Revenue Recognition	Revenue Recognition The Company determines the appropriate revenue recognition for our contracts by analyzing the type, terms and conditions of each contract or arrangement with a customer. Contracts with customers for all businesses are fixed-price with sales tax excluded from revenue, and do not include variable consideration. Discounts included in contracts with customers, typically early pay discounts, are recorded as a reduction of net sales in the period in which the sale is recognized. Contract revenues are classified as product when the performance obligation is related to the manufacturing of goods. Contract revenues are classified as service when the performance obligation is the performance of a service. Service revenue is primarily related to the Coatings and Technology Products and Services product lines. Customer acceptance provisions exist only in the design stage of our products and acceptance of the design by the customer is required before the project is manufactured and delivered to the customer. The Company is not entitled to any compensation solely based on design of the product and does not recognize this service as a separate performance obligation and, therefore, no revenue is recognized with the design stage. No general rights of return exist for customers once the product has been delivered and the Company establishes provisions for estimated warranties. The Company does not sell extended warranties for any of its products. Shipping and handling costs associated with sales are recorded as cost of goods sold. The Company elected to use the practical expedient of treating freight as a fulfillment obligation instead of a separate performance obligation and ratably recognize freight expense as the structure is being manufactured, when the revenue from the associated customer contract is being recognized over time. With the exception of the transmission, distribution, and substation structures ("TD&S") product line, the renewable energy product lines, and the telecommunication structures product line, the Company’s inventory is interchangeable for a variety of each segment’s customers. The Company has elected to not disclose the partially satisfied performance obligation at the end of the period when the contract has an original expected duration of one year or less. In addition, the Company does not adjust the amount of consideration to be received in a contract for any significant financing component if payment is expected within twelve months of transfer of control of goods or services. The Company’s contract asset as of September 24, 2022 and December 25, 2021 was $215,684 and $142,643, respectively. While most of the Infrastructure segment customers are generally invoiced upon shipment or delivery of the goods to the customer’s specified location, certain customers are also invoiced by advanced billings or progress billings. At September 24, 2022 and December 25, 2021, total contract liabilities were $200,488 and $213,203, respectively. At September 24, 2022, $200,341 was recorded as contract liabilities and $147 was recorded as other noncurrent liabilities on the condensed consolidated balance sheets. Additional details are as follows: ● During the thirteen and thirty-nine weeks ended September 24, 2022, the Company recognized $16,826 and $75,998 of revenue that was included in the total contract liability as of December 25, 2021. The revenue recognized was due to applying advance payments received for performance obligations completed during the period; ● In the thirteen and thirty-nine weeks ended September 25, 2021, the Company recognized $18,981 and $88,350 of revenue that was included in the total contract liability as of December 26, 2020. The revenue recognized was due to applying advance payments received for performance obligations completed during the period; and ● At September 24, 2022, the Company had $147 of remaining performance obligations on contracts with an original expected duration of one year or more and expects to complete the remaining performance obligations on these contracts within the next 12 to 24 months . Segment and Product Line Revenue Recognition Infrastructure Segment Steel and concrete utility structures within the TD&S product line are engineered to customer specifications resulting in limited ability to sell the structure to a different customer if an order is canceled after production commences. The continuous transfer of control to the customer is evidenced either by contractual termination clauses or by our rights to payment for work performed to-date plus a reasonable profit as the products do not have an alternative use to the Company. Since control is transferring over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. The selection of the method to measure progress towards completion requires judgment. For our TD&S and telecommunication structure product lines, we generally recognize revenue on an inputs basis, using total production hours incurred to-date for each order as a percentage of total hours estimated to produce the order. The completion percentage is applied to the order’s total revenue and total estimated costs to determine reported revenue, cost of goods sold and gross profit. Production of an order, once started, is typically completed within three months. Depending on the product sold, revenue from renewable energy is recognized both upon shipment or delivery of goods to the customer depending on contract terms, or by using an inputs method, based on the ratio of costs incurred to-date to the total estimated costs at completion of the performance obligation. External sales agents are used in certain TD&S sales and the Company has chosen to expense estimated commissions owed to third parties by recognizing them proportionately as the goods are manufactured. For the structures sold for lighting and transportation and for the majority of telecommunication products, revenue is recognized upon shipment or delivery of goods to the customer depending on contract terms, which is the same point in time that the customer is billed. There are also large regional customers who have unique product specifications for telecommunication structures. When the customer contract includes a cancellation clause that would require them to pay for work completed plus a reasonable margin if an order was canceled, revenue is recognized over time based on hours worked as a percent of total estimated hours to complete production. The Coatings product line revenues are derived by providing coating services to customers’ products, which include galvanizing, anodizing, and powder coating. Revenue is recognized once the coating service has been performed and the goods are ready to be picked up or delivered to the customer which is the same time that the customer is billed. Agriculture Segment Revenue recognition from the manufacture of irrigation equipment and related parts and services (including tubular products for industrial customers) is generally upon shipment of the goods to the customer which is the same point in time that the customer is billed. The remote monitoring subscription services recognized as part of technology services product line are primarily billed annually and revenue is recognized on a straight-line basis over the subsequent twelve months. Disaggregation of revenue by product line is disclosed in the Business Segments and Related Revenue Information footnote (see note 7).
Recently Issued Accounting Pronouncements (not yet adopted)	Recently Issued Accounting Pronouncements (not yet adopted) In September 2022, the FASB issued ASU No. 2022-04: Liabilities - Supplier Finance Programs (Topic 450-50): Disclosure of Supplier Finance Program Obligations to enhance the transparency of such programs to allow financial statement users to understand the effect on working capital, liquidity and cash flows. The new guidance requires disclosure of key terms of the program, including a description of the payment terms, payment timing and assets pledged as security or other forms of guarantees provided to the finance provider or intermediary. Other requirements include the disclosure of the amount that remains unpaid as of the end of the reporting period, a description of where these obligations are presented in the balance sheet and a rollforward of the obligation during the annual period. The guidance is effective in the first quarter of 2023, except for the rollforward, which is effective in 2024. Early adoption is permitted. We are currently evaluating the effect of adopting this accounting guidance. ​ In March 2020, the FASB issued Accounting Standards Update No. 2020-04 (ASU 2020-04), Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides optional expedients and exceptions for applying GAAP principles to contracts, hedging relationships, and other transactions that reference London Interbank Offered Rate (LIBOR) or another reference rate expected to be discontinued due to reference rate reform. In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 24, 2022
Accounting Policies [Abstract]
Components of inventories	Inventories consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 24, ​ December 25, ​ ​ 2022 2021 Raw materials and purchased parts ​ $ 274,713 ​ $ 278,107 Work-in-process ​ 77,806 ​ 63,628 Finished goods and manufactured goods ​ 393,763 ​ 387,099 Total Inventory ​ $ 746,282 ​ $ 728,834
Earnings before income taxes	Earnings before income taxes for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ ​ 2022 2021 ​ 2022 2021 ​ United States ​ $ 41,146 ​ $ 47,784 ​ $ 164,177 ​ $ 156,028 ​ Foreign ​ 59,625 ​ 20,909 ​ 130,328 ​ 61,284 ​ ​ ​ $ 100,771 ​ $ 68,693 ​ $ 294,505 ​ $ 217,312 ​
Schedule of components of the net periodic pension (benefit) expense	The components of the net periodic pension (benefit) expense for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ Net periodic (benefit) expense: ​ 2022 2021 ​ 2022 2021 ​ Interest cost ​ $ 2,930 ​ $ 2,479 ​ $ 9,452 ​ $ 7,508 ​ Expected return on plan assets ​ (5,400) ​ (6,957) ​ (17,420) ​ (21,061) ​ Amortization of actuarial loss ​ 115 ​ 827 ​ 371 ​ 2,502 ​ Net periodic benefit ​ $ (2,355) ​ $ (3,651) ​ $ (7,597) ​ $ (11,051) ​
Compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock options	The Company’s compensation expense (included in selling, general and administrative expenses) and associated income tax benefits related to stock options and restricted stock for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021, respectively, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ 2022 2021 2022 2021 Compensation expense ​ $ 10,415 ​ $ 8,947 ​ $ 29,998 ​ $ 17,895 Income tax benefits ​ 2,604 ​ 2,237 ​ 7,500 ​ 4,474
Valuation methodologies used for assets and liabilities measured at fair value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement Using: ​ ​ ​ Quoted Prices in Significant Other Significant ​ ​ ​ ​ ​ Active Markets ​ Observable ​ Unobservable ​ ​ Carrying Value ​ for Identical ​ Inputs ​ Inputs ​ ​ September 24, 2022 ​ Assets (Level 1) ​ (Level 2) ​ (Level 3) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trading securities ​ $ 23,839 ​ $ 23,839 ​ $ — ​ $ — Derivative financial instruments, net ​ $ 8,690 ​ $ — ​ $ 8,690 ​ $ — Marketable securities ​ $ 6,292 ​ $ — ​ $ 6,292 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement Using: ​ ​ ​ Quoted Prices in Significant Other Significant ​ ​ Carrying Value ​ Active Markets ​ Observable ​ Unobservable ​ ​ December 25, ​ for Identical ​ Inputs ​ Inputs ​ ​ 2021 ​ Assets (Level 1) ​ (Level 2) ​ (Level 3) Assets (Liabilities): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trading securities ​ $ 30,076 ​ $ 30,076 ​ $ — ​ $ — Derivative financial instruments, net ​ $ (4,007) ​ $ — ​ $ (4,007) ​ $ —
Components of accumulated other comprehensive income (loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ Accumulated ​ ​ Currency ​ Gain on ​ Defined ​ Other ​ ​ Translation ​ Hedging ​ Benefit ​ Comprehensive ​ ​ Adjustments ​ Activities ​ Pension Plan ​ Loss Balance at December 25, 2021 ​ $ (243,350) ​ $ 15,777 ​ $ (35,554) ​ $ (263,127) Current-period comprehensive income (loss) ​ (76,052) ​ 10,688 ​ 371 ​ (64,993) Balance at September 24, 2022 ​ $ (319,402) ​ $ 26,465 ​ $ (35,183) ​ $ (328,120)

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 24, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule preliminary fair values of assets acquired and liabilities assumed	The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed of ConcealFab as of the date of acquisition: ​ ​ ​ ​ ​ As of June 1, ​ ​ 2022 Current assets ​ $ 21,133 Customer relationships ​ 26,200 Trade name ​ 5,000 Property, plant & equipment ​ 3,813 Other assets ​ 9,108 Goodwill ​ 42,465 Total fair value of assets acquired ​ $ 107,719 Current liabilities ​ 6,658 Long-term debt ​ 2,038 Operating lease liabilities ​ 7,812 Deferred taxes ​ 5,464 Other noncurrent liabilities ​ 12 Total fair value of liabilities assumed ​ $ 21,984 Non-controlling interest in consolidated subsidiaries ​ 41,693 Net assets acquired ​ $ 44,042 The following table summarizes the fair values of the assets acquired and liabilities assumed of Prospera as of the date of acquisition: ​ ​ ​ ​ ​ As of May 12, ​ ​ 2021 Current assets ​ $ 647 Developed technology ​ 32,900 Trade name ​ 2,850 Property, plant & equipment ​ 1,063 Goodwill ​ 273,453 Total fair value of assets acquired ​ $ 310,913 Current liabilities ​ 2,690 Deferred taxes ​ 8,223 Total fair value of liabilities assumed ​ $ 10,913 Net assets acquired ​ $ 300,000

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 24, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of components of amortized intangible assets	The components of amortized intangible assets as of September 24, 2022 and December 25, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 24, 2022 ​ ​ Gross ​ ​ ​ ​ Weighted ​ ​ Carrying ​ Accumulated ​ Average ​ Amount Amortization Life Customer Relationships ​ $ 241,049 ​ $ 160,896 ​ 13 years Patents & Proprietary Technology ​ 57,202 ​ 19,572 8 years Trade Name ​ 2,850 ​ 543 7 years Other ​ 4,415 ​ 4,091 6 years ​ ​ $ 305,516 ​ $ 185,102 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 25, 2021 ​ ​ Gross ​ ​ ​ ​ Weighted ​ ​ Carrying ​ Accumulated ​ Average ​ ​ Amount Amortization Life Customer Relationships ​ $ 224,597 ​ $ 160,626 ​ 13 years Patents & Proprietary Technology ​ 58,699 ​ 13,955 9 years Trade Name ​ ​ 2,850 ​ ​ 183 ​ 7 years Other ​ 4,534 ​ 3,959 6 years ​ ​ $ 290,680 ​ $ 178,723 ​ ​
Schedule of amortization expense for intangible assets	Amortization expense for intangible assets for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021, respectively was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ 2022 2021 2022 2021 Amortization expense ​ $ 5,386 ​ $ 6,137 ​ $ 16,766 ​ $ 15,551
Schedule of future estimated amortization expense	Estimated annual amortization expense related to finite-lived intangible assets is as follows: ​ ​ ​ ​ ​ Estimated ​ ​ Amortization ​ ​ Expense 2022 ​ $ 22,021 2023 ​ 20,631 2024 ​ 18,703 2025 ​ 17,269 2026 ​ 12,743
Schedule of non-amortized intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 24, December 25, Year ​ ​ 2022 ​ 2021 ​ Acquired Newmark ​ $ 11,111 ​ $ 11,111 2004 Convert Italia S.p.A ​ 7,266 ​ 8,479 2018 Webforge ​ ​ 6,375 ​ ​ 7,877 ​ 2010 Ingal EPS/Ingal Civil Products ​ 6,181 ​ 7,637 2010 Valmont SM ​ 5,209 ​ 6,082 2014 ConcealFab ​ 5,000 ​ — 2022 Shakespeare ​ 4,000 ​ 4,000 2014 Walpar ​ 3,500 ​ 3,500 2018 Other ​ 13,741 ​ 14,721 Various ​ ​ $ 62,383 ​ $ 63,407 ​ ​
Schedule of carrying amount of goodwill	The carrying amount of goodwill by segment as of September 24, 2022 and December 25, 2021 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Infrastructure Agriculture ​ ​ ​ ​ Segment ​ Segment ​ Total Gross Balance December 25, 2021 ​ $ 456,876 ​ $ 313,512 ​ $ 770,388 Accumulated impairment losses ​ (61,822) ​ — ​ (61,822) Balance at December 25, 2021 ​ 395,054 ​ 313,512 ​ ​ 708,566 Acquisitions ​ 42,465 ​ — ​ 42,465 Foreign currency translation ​ (22,726) ​ 282 ​ (22,444) Balance at September 24, 2022 ​ $ 414,793 ​ $ 313,794 ​ $ 728,587 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Infrastructure Agriculture ​ ​ ​ ​ Segment ​ Segment ​ Total Gross Balance September 24, 2022 ​ $ 476,615 ​ $ 313,794 ​ $ 790,409 Accumulated impairment losses ​ ​ (61,822) ​ ​ — ​ ​ (61,822) Balance at September 24, 2022 ​ $ 414,793 ​ $ 313,794 ​ $ 728,587

CASH FLOW SUPPLEMENTARY INFOR_2

CASH FLOW SUPPLEMENTARY INFORMATION (Tables)	9 Months Ended
	Sep. 24, 2022
Supplemental Cash Flow Elements [Abstract]
Cash payments for interest and income taxes (net of refunds)	Cash payments for interest and income taxes (net of refunds) for the thirty-nine weeks ended September 24, 2022 and September 25, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Interest ​ $ 23,678 ​ $ 20,716 Income taxes ​ 61,551 ​ 40,113

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 24, 2022
Earnings Per Share [Abstract]
Reconciliation of basic and diluted earnings per share (EPS)	The following table provides a reconciliation between Basic and Diluted earnings per share (“EPS”): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dilutive ​ ​ ​ ​ ​ ​ Effect of ​ ​ ​ ​ ​ ​ ​ Stock ​ Diluted ​ ​ Basic EPS ​ Options ​ EPS Thirteen weeks ended September 24, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings attributable to Valmont Industries, Inc. ​ $ 72,112 ​ $ — ​ $ 72,112 Weighted average shares outstanding (000’s) ​ 21,332 ​ 273 ​ 21,605 Per share amount ​ $ 3.38 ​ $ (0.04) ​ $ 3.34 Thirteen weeks ended September 25, 2021: ​ ​ ​ ​ ​ Net earnings attributable to Valmont Industries, Inc. ​ $ 51,650 ​ $ — ​ $ 51,650 Weighted average shares outstanding (000’s) ​ 21,175 ​ 377 ​ 21,552 Per share amount ​ $ 2.44 ​ $ (0.04) ​ $ 2.40 Thirty-nine weeks ended September 24, 2022 ​ ​ ​ ​ ​ . Net earnings attributable to Valmont Industries, Inc. ​ $ 210,531 ​ $ — ​ $ 210,531 Weighted average shares outstanding (000’s) ​ 21,308 ​ 238 ​ 21,546 Per share amount ​ $ 9.88 ​ $ (0.11) ​ $ 9.77 Thirty-nine weeks ended September 25, 2021: ​ ​ ​ ​ ​ Net earnings attributable to Valmont Industries, Inc. ​ $ 168,774 ​ $ — ​ $ 168,774 Weighted average shares outstanding (000’s) ​ 21,182 ​ 301 ​ 21,483 Per share amount ​ $ 7.97 ​ $ (0.11) ​ $ 7.86

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 24, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative instruments	Fair value of derivative instruments at September 24, 2022 and December 25, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 24, ​ December 25, Derivatives designated as hedging instruments: Balance sheet location ​ 2022 ​ 2021 Commodity forward contracts ​ Accrued expenses ​ $ (5,938) ​ $ (5,802) Foreign currency forward contracts Prepaid expenses and other assets ​ ​ 10 ​ 149 Foreign currency forward contracts Accrued expenses ​ ​ (946) ​ (118) Cross currency swap contracts Prepaid expenses and other assets ​ ​ 15,664 ​ 1,764 Cross currency swap contracts Accrued expenses ​ ​ (100) ​ — ​ ​ ​ ​ $ 8,690 ​ $ (4,007)
Gains (losses) on derivatives recognized on statements of earnings	Gains (losses) on derivatives recognized in the condensed consolidated statements of earnings for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ Statements of earnings ​ September 24, ​ September 25, ​ September 24, ​ September 25, ​ ​ location ​ 2022 2021 2022 2021 Commodity forward contracts ​ Product cost of sales ​ $ (1,545) ​ $ 9,870 ​ $ (1,047) ​ $ 10,140 Foreign currency forward contracts ​ Other income ​ ​ (94) ​ 187 ​ ​ (177) ​ 123 Interest rate hedge amortization ​ Interest expense ​ ​ (16) ​ (16) ​ ​ (48) ​ (48) Cross currency swap contracts ​ Interest expense ​ ​ 793 ​ 691 ​ ​ 2,300 ​ 2,060 ​ ​ ​ ​ $ (862) ​ $ 10,732 ​ $ 1,028 ​ $ 12,275
Schedule of notional amounts of outstanding derivative	Key terms of the remaining two CCS are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional ​ ​ ​ ​ Swapped ​ Set Settlement Currency ​ Amount ​ Termination Date ​ Interest Rate ​ Amount Danish Krone ​ $ 20,000 ​ ​ April 1, 2024 2.68% ​ ​ DKK 133,450 Euro ​ $ 80,000 ​ ​ April 1, 2024 2.825% ​ ​ € 71,550

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	9 Months Ended
	Sep. 24, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended ​ Thirty-nine weeks ended ​ ​ September 24, September 25, September 24, September 25, ​ ​ 2022 ​ 2021 ​ 2022 ​ 2021 SALES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Infrastructure ​ $ 778,353 ​ $ 634,283 ​ $ 2,224,029 ​ $ 1,801,533 Agriculture ​ 327,261 ​ 240,331 ​ 1,011,606 ​ 751,960 Total ​ 1,105,614 ​ 874,614 ​ 3,235,635 ​ 2,553,493 INTERSEGMENT SALES: ​ ​ ​ ​ Infrastructure ​ (5,112) ​ (1,826) ​ (12,413) ​ (7,823) Agriculture ​ (3,120) ​ (4,006) ​ (9,488) ​ (7,373) Total ​ (8,232) ​ (5,832) ​ (21,901) ​ (15,196) NET SALES: ​ ​ ​ ​ Infrastructure ​ 773,241 ​ 632,457 ​ 2,211,616 ​ 1,793,710 Agriculture ​ 324,141 ​ 236,325 ​ 1,002,118 ​ 744,587 Total ​ $ 1,097,382 ​ $ 868,782 ​ $ 3,213,734 ​ $ 2,538,297 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OPERATING INCOME: ​ ​ ​ ​ Infrastructure ​ $ 93,572 ​ $ 71,422 ​ $ 255,722 ​ $ 187,421 Agriculture ​ 43,258 ​ 27,735 ​ 138,779 ​ 108,467 Corporate ​ (26,858) ​ (22,962) ​ (70,968) ​ (59,857) Total ​ $ 109,972 ​ $ 76,195 ​ $ 323,533 ​ $ 236,031 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended September 24, 2022 ​ ​ Infrastructure Agriculture Intersegment Sales Consolidated Geographical market: ​ ​ ​ ​ ​ North America ​ $ 579,628 ​ $ 178,626 ​ $ (7,114) ​ $ 751,140 International ​ 198,725 ​ 148,635 ​ (1,118) ​ 346,242 Total ​ $ 778,353 ​ $ 327,261 ​ $ (8,232) ​ $ 1,097,382 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Product line: ​ ​ ​ ​ Transmission, Distribution and Substation ​ $ 304,781 ​ $ — ​ $ — ​ $ 304,781 Lighting and Transportation ​ 241,590 ​ — ​ — ​ 241,590 Coatings ​ 91,969 ​ — ​ (3,994) ​ 87,975 Telecommunications ​ 92,830 ​ — ​ — ​ 92,830 Renewable Energy ​ 47,183 ​ — ​ (1,118) ​ 46,065 Irrigation Equipment and Parts, excluding Technology ​ — ​ 303,003 ​ (3,120) ​ 299,883 Technology Products and Services ​ — ​ 24,258 ​ — ​ 24,258 Total ​ $ 778,353 ​ $ 327,261 ​ $ (8,232) ​ $ 1,097,382 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-nine weeks ended September 24, 2022 ​ ​ Infrastructure Agriculture Intersegment Sales Consolidated Geographical market: ​ ​ ​ ​ ​ North America ​ $ 1,645,472 ​ $ 564,369 ​ $ (20,316) ​ $ 2,189,525 International ​ 578,557 ​ 447,237 ​ (1,585) ​ 1,024,209 Total ​ $ 2,224,029 ​ $ 1,011,606 ​ $ (21,901) ​ $ 3,213,734 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Product line: ​ ​ ​ ​ Transmission, Distribution and Substation ​ $ 882,216 ​ $ — ​ $ — ​ $ 882,216 Lighting and Transportation ​ 701,009 ​ — ​ — ​ 701,009 Coatings ​ 264,266 ​ — ​ (11,295) ​ 252,971 Telecommunications ​ 232,765 ​ — ​ — ​ 232,765 Renewable Energy ​ 143,773 ​ — ​ (1,118) ​ 142,655 Irrigation Equipment and Parts, excluding Technology ​ — ​ 928,622 ​ (9,488) ​ 919,134 Technology Products and Services ​ — ​ 82,984 ​ — ​ 82,984 Total ​ $ 2,224,029 ​ $ 1,011,606 ​ $ (21,901) ​ $ 3,213,734 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen weeks ended September 25, 2021 ​ ​ Infrastructure Agriculture Intersegment Sales Consolidated Geographical market: ​ ​ ​ ​ ​ North America ​ $ 439,610 ​ $ 116,308 ​ $ (5,832) ​ $ 550,086 International ​ 194,673 ​ 124,023 ​ — ​ 318,696 Total ​ $ 634,283 ​ $ 240,331 ​ $ (5,832) ​ $ 868,782 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Product line: ​ ​ ​ ​ Transmission, Distribution and Substation ​ $ 239,572 ​ $ — ​ $ — ​ $ 239,572 Lighting and Transportation ​ 217,962 ​ — ​ — ​ 217,962 Coatings ​ 76,761 ​ — ​ (1,826) ​ 74,935 Telecommunications ​ 63,088 ​ — ​ — ​ 63,088 Renewable Energy ​ 36,900 ​ — ​ — ​ 36,900 Irrigation Equipment and Parts, excluding Technology ​ — ​ 218,892 ​ (4,006) ​ 214,886 Technology Products and Services ​ — ​ 21,439 ​ — ​ 21,439 Total ​ $ 634,283 ​ $ 240,331 ​ $ (5,832) ​ $ 868,782 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirty-nine weeks ended September 25, 2021 ​ ​ Infrastructure Agriculture Intersegment Sales Consolidated Geographical market: ​ ​ ​ ​ ​ North America ​ $ 1,246,512 ​ $ 395,096 ​ $ (15,196) ​ $ 1,626,412 International ​ 555,021 ​ 356,864 ​ — ​ 911,885 Total ​ $ 1,801,533 ​ $ 751,960 ​ $ (15,196) ​ $ 2,538,297 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Product line: ​ ​ ​ ​ Transmission, Distribution and Substation ​ $ 668,474 ​ $ — ​ $ — ​ $ 668,474 Lighting and Transportation ​ 609,725 ​ — ​ — ​ 609,725 Coatings ​ 231,900 ​ — ​ (7,823) ​ 224,077 Telecommunications ​ 162,830 ​ — ​ — ​ 162,830 Renewable Energy ​ 128,604 ​ — ​ — ​ 128,604 Irrigation Equipment and Parts, excluding Technology ​ — ​ 679,600 ​ (7,373) ​ 672,227 Technology Products and Services ​ — ​ 72,360 ​ — ​ 72,360 Total ​ $ 1,801,533 ​ $ 751,960 ​ $ (15,196) ​ $ 2,538,297 ​ ​ A breakdown by segment of revenue recognized over time and at a point in time for the thirteen and thirty-nine weeks ended September 24, 2022 and September 25, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Point in Time ​ Over Time ​ Total ​ ​ Thirteen ​ Thirteen ​ Thirteen ​ ​ weeks ended ​ weeks ended ​ weeks ended ​ September 24, 2022 September 24, 2022 September 24, 2022 Infrastructure ​ $ 434,839 ​ $ 338,402 ​ $ 773,241 Agriculture ​ 317,669 ​ ​ 6,472 ​ 324,141 Total ​ $ 752,508 ​ $ 344,874 ​ $ 1,097,382 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Point in Time Over Time Total ​ ​ Thirty-nine ​ Thirty-nine ​ Thirty-nine ​ ​ weeks ended ​ weeks ended ​ weeks ended ​ ​ September 24, 2022 ​ September 24, 2022 ​ September 24, 2022 Infrastructure ​ $ 1,233,320 ​ $ 978,296 ​ $ 2,211,616 Agriculture ​ 983,450 ​ ​ 18,668 ​ 1,002,118 Total ​ $ 2,216,770 ​ $ 996,964 ​ $ 3,213,734 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Point in Time Over Time Total ​ ​ Thirteen ​ Thirteen ​ Thirteen ​ ​ weeks ended ​ weeks ended ​ weeks ended ​ ​ September 25, 2021 ​ September 25, 2021 ​ September 25, 2021 Infrastructure ​ $ 359,017 ​ $ 273,440 ​ $ 632,457 Agriculture ​ 230,273 ​ ​ 6,052 ​ 236,325 Total ​ $ 589,290 ​ $ 279,492 ​ $ 868,782 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Point in Time Over Time Total ​ ​ Thirty-nine ​ Thirty-nine ​ Thirty-nine ​ ​ weeks ended ​ weeks ended ​ weeks ended ​ ​ September 25, 2021 ​ September 25, 2021 ​ September 25, 2021 Infrastructure ​ $ 997,482 ​ $ 796,228 ​ $ 1,793,710 Agriculture ​ 729,813 ​ ​ 14,774 ​ 744,587 Total ​ $ 1,727,295 ​ $ 811,002 ​ $ 2,538,297

BASIS OF PRESENTATION AND SUM_4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Inventories (Details) - USD ($) $ in Thousands	Sep. 24, 2022	Dec. 25, 2021
Inventory, Net [Abstract]
Raw materials and purchased parts	$ 274,713	$ 278,107
Work-in-process	77,806	63,628
Finished goods and manufactured goods	393,763	387,099
Total Inventory	$ 746,282	$ 728,834

BASIS OF PRESENTATION AND SUM_5

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Accounting Policies [Abstract]
United States	$ 41,146	$ 47,784	$ 164,177	$ 156,028
Foreign	59,625	20,909	130,328	61,284
Earnings before income taxes	$ 100,771	$ 68,693	$ 294,505	$ 217,312

BASIS OF PRESENTATION AND SUM_6

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Net Periodic Pension (Benefit) Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Net periodic (benefit) expense:
Interest cost	$ 2,930	$ 2,479	$ 9,452	$ 7,508
Expected return on plan assets	(5,400)	(6,957)	(17,420)	(21,061)
Amortization of actuarial loss	115	827	371	2,502
Net periodic benefit	$ (2,355)	$ (3,651)	$ (7,597)	$ (11,051)

BASIS OF PRESENTATION AND SUM_7

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Stock Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Defined Benefit Plan Disclosure [Line Items]
Shares of common stock available for issuance (in shares)	1,881,267		1,881,267
Stock Option Plans
Defined Benefit Plan Disclosure [Line Items]
Award vesting period			3 years
Stock Option Plans | Minimum
Defined Benefit Plan Disclosure [Line Items]
Expiration period for grant			7 years
Award vesting period			3 years
Stock Option Plans | Maximum
Defined Benefit Plan Disclosure [Line Items]
Expiration period for grant			10 years
Restricted stock units and awards | Maximum
Defined Benefit Plan Disclosure [Line Items]
Award vesting period			4 years
Stock options and restricted stock
Defined Benefit Plan Disclosure [Line Items]
Compensation expense	$ 10,415	$ 8,947	$ 29,998	$ 17,895
Income tax benefits	$ 2,604	$ 2,237	$ 7,500	$ 4,474

BASIS OF PRESENTATION AND SUM_8

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair Value (Details) - USD ($) $ in Thousands	Sep. 24, 2022	Dec. 25, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets recorded for the investments held	$ 23,757	$ 29,982
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Securities	23,839	30,076
Derivative financial instruments, net	6,292
Derivative financial instruments, net		(4,007)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Securities	23,839	30,076
Derivative financial instruments, net	0
Derivative financial instruments, net		0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Securities	0	0
Derivative financial instruments, net	6,292
Derivative financial instruments, net		(4,007)
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Securities	0	0
Derivative financial instruments, net	$ 0
Derivative financial instruments, net		$ 0

BASIS OF PRESENTATION AND SUM_9

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Comprehensive Income (Details) $ in Thousands	9 Months Ended
	Sep. 24, 2022 USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning	$ 1,386,847
Balance, ending	1,512,731
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning	(243,350)
Current-period comprehensive income (loss)	(76,052)
Balance, ending	(319,402)
Gain on Hedging Activities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning	15,777
Current-period comprehensive income (loss)	10,688
Balance, ending	26,465
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning	(35,554)
Current-period comprehensive income (loss)	371
Balance, ending	(35,183)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning	(263,127)
Current-period comprehensive income (loss)	(64,993)
Balance, ending	$ (328,120)

BASIS OF PRESENTATION AND SU_10

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021	Dec. 25, 2021
Disaggregation of Revenue [Line Items]
Contract assets	$ 215,684		$ 215,684		$ 142,643
Contract liabilities	200,488		200,488		213,203
Contract liabilities	200,341		200,341		$ 135,746
Revenue recognized from contract liability	16,826	$ 18,981	75,998	$ 88,350
Remaining performance obligations	$ 147		$ 147
Minimum
Disaggregation of Revenue [Line Items]
Remaining performance obligations, expected timing of satisfaction period	12 months		12 months
Maximum
Disaggregation of Revenue [Line Items]
Remaining performance obligations, expected timing of satisfaction period	24 months		24 months
Contract Liabilities
Disaggregation of Revenue [Line Items]
Contract liabilities	$ 200,341		$ 200,341
Other Noncurrent Liabilities
Disaggregation of Revenue [Line Items]
Contract liabilities, noncurrent	$ 147		$ 147

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) - USD ($)	Aug. 10, 2022	Jun. 01, 2022	May 10, 2022	May 12, 2021	Apr. 20, 2021	Sep. 24, 2022	Dec. 25, 2021
Business Acquisition [Line Items]
Goodwill						$ 728,587,000	$ 708,566,000
ConcealFab
Business Acquisition [Line Items]
Percentage acquired		51%
Cash paid in acquisition		$ 39,287,000
Contingent consideration liability, current		1,850,000
Goodwill		42,465,000
ConcealFab | Customer Relationships
Business Acquisition [Line Items]
Intangible assets		26,200,000
ConcealFab | Trade Names
Business Acquisition [Line Items]
Intangible assets		$ 5,000,000
Prospera
Business Acquisition [Line Items]
Cash paid in acquisition				$ 300,000,000
Goodwill expected to be tax deductible				0
Goodwill				$ 273,453,000
Prospera | Developed Technology
Business Acquisition [Line Items]
Useful life				5 years
Intangible assets				$ 32,900,000
Prospera | Trade Names
Business Acquisition [Line Items]
Useful life				7 years
Intangible assets				$ 2,850,000
PivoTrac
Business Acquisition [Line Items]
Cash paid in acquisition					$ 12,500,000
Contingent consideration liability, current					1,500,000
Goodwill expected to be tax deductible					0
Consideration transferred					14,000,000
Goodwill					$ 10,800,000
PivoTrac | Customer Relationships
Business Acquisition [Line Items]
Useful life					8 years
Intangible assets					$ 2,627,000
Convert Italy S.p.A
Business Acquisition [Line Items]
Percentage acquired	9%
Consideration transferred	$ 3,046,000
Valmont West Coast Engineering
Business Acquisition [Line Items]
Percentage acquired			20%
Consideration transferred			$ 4,292,000

ACQUISITIONS - Preliminary Fair

ACQUISITIONS - Preliminary Fair Values Of The Assets Acquired And Liabilities Assumed At Date Of Acquisition (Details) - USD ($) $ in Thousands	Sep. 24, 2022	Jun. 01, 2022	Dec. 25, 2021	May 12, 2021
Business Acquisition [Line Items]
Goodwill	$ 728,587		$ 708,566
Noncontrolling interest in consolidated subsidiaries	$ 60,020		$ 26,750
Prospera
Business Acquisition [Line Items]
Current assets				$ 647
Property, plant & equipment				1,063
Goodwill				273,453
Total fair value of assets acquired				310,913
Current liabilities				2,690
Deferred taxes				8,223
Total fair value of liabilities assumed				10,913
Net assets acquired				300,000
Prospera | Developed Technology
Business Acquisition [Line Items]
Intangible assets				32,900
Prospera | Trade Names
Business Acquisition [Line Items]
Intangible assets				$ 2,850
ConcealFab
Business Acquisition [Line Items]
Current assets		$ 21,133
Property, plant & equipment		3,813
Other assets		9,108
Goodwill		42,465
Total fair value of assets acquired		107,719
Current liabilities		6,658
Long-term debt		2,038
Operating lease liabilities		7,812
Deferred taxes		5,464
Other noncurrent liabilities		12
Total fair value of liabilities assumed		21,984
Noncontrolling interest in consolidated subsidiaries		41,693
Net assets acquired		44,042
ConcealFab | Customer Relationships
Business Acquisition [Line Items]
Intangible assets		26,200
ConcealFab | Trade Names
Business Acquisition [Line Items]
Intangible assets		$ 5,000

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Amortized Intangible Assets - (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021	Dec. 25, 2021
Components of amortized intangible assets
Gross Carrying Amount	$ 305,516		$ 305,516		$ 290,680
Accumulated Amortization	185,102		185,102		178,723
Amortization expense for intangible assets	5,386	$ 6,137	16,766	$ 15,551
Estimated amortization expense
2022	22,021		22,021
2023	20,631		20,631
2024	18,703		18,703
2025	17,269		17,269
2026	12,743		12,743
Customer Relationships
Components of amortized intangible assets
Gross Carrying Amount	241,049		241,049		224,597
Accumulated Amortization	160,896		$ 160,896		$ 160,626
Weighted Average Life			13 years		13 years
Patents & Proprietary Technology
Components of amortized intangible assets
Gross Carrying Amount	57,202		$ 57,202		$ 58,699
Accumulated Amortization	19,572		$ 19,572		$ 13,955
Weighted Average Life			8 years		9 years
Trade Names
Components of amortized intangible assets
Gross Carrying Amount	2,850		$ 2,850		$ 2,850
Accumulated Amortization	543		$ 543		$ 183
Weighted Average Life			7 years		7 years
Other
Components of amortized intangible assets
Gross Carrying Amount	4,415		$ 4,415		$ 4,534
Accumulated Amortization	$ 4,091		$ 4,091		$ 3,959
Weighted Average Life			6 years		6 years

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Carrying Values of Trade Names - (Details) - USD ($)	3 Months Ended
	Sep. 24, 2022	Dec. 25, 2021
Newmark
Non-amortized intangible assets
Carrying value of trade names	$ 11,111,000	$ 11,111,000
Convert Italia S.p.A
Non-amortized intangible assets
Carrying value of trade names	7,266,000	8,479,000
Webforge
Non-amortized intangible assets
Carrying value of trade names	6,375,000	7,877,000
Ingal EPS/Ingal Civil Products
Non-amortized intangible assets
Carrying value of trade names	6,181,000	7,637,000
Valmont SM
Non-amortized intangible assets
Carrying value of trade names	5,209,000	6,082,000
ConcealFab
Non-amortized intangible assets
Carrying value of trade names	5,000,000	0
Shakespeare
Non-amortized intangible assets
Carrying value of trade names	4,000,000	4,000,000
Walpar
Non-amortized intangible assets
Carrying value of trade names	3,500,000	3,500,000
Other
Non-amortized intangible assets
Carrying value of trade names	13,741,000	14,721,000
Trade Names
Non-amortized intangible assets
Carrying value of trade names	62,383,000	$ 63,407,000
Impairment indefinite-lived intangible assets	$ 0

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Carrying Amount of Goodwill by Segment (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 24, 2022	Dec. 25, 2021
Goodwill
Gross balance, beginning	$ 790,409	$ 770,388
Accumulated impairment losses	(61,822)	(61,822)
Balance, ending	728,587	708,566
Carrying amount of goodwill
Balance at the beginning of the period	708,566
Acquisitions	42,465
Foreign currency translation	(22,444)
Balance at the end of the period	728,587
Infrastructure
Goodwill
Gross balance, beginning	476,615	456,876
Accumulated impairment losses	(61,822)	(61,822)
Balance, ending	414,793	395,054
Carrying amount of goodwill
Balance at the beginning of the period	395,054
Acquisitions	42,465
Foreign currency translation	(22,726)
Balance at the end of the period	414,793
Agriculture
Goodwill
Gross balance, beginning	313,794	313,512
Balance, ending	313,794	$ 313,512
Carrying amount of goodwill
Balance at the beginning of the period	313,512
Foreign currency translation	282
Balance at the end of the period	$ 313,794

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Goodwill Impairment (Details)	9 Months Ended
	Sep. 24, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment loss	$ 0

CASH FLOW SUPPLEMENTARY INFOR_3

CASH FLOW SUPPLEMENTARY INFORMATION (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021
Supplemental Cash Flow Information [Abstract]
Interest	$ 23,678	$ 20,716
Income taxes	$ 61,551	$ 40,113

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Basic EPS
Net earnings attributable to Valmont Industries, Inc., Basic EPS	$ 72,112	$ 51,650	$ 210,531	$ 168,774
Weighted average shares outstanding, Basic EPS (in shares)	21,332,000	21,175,000	21,308,000	21,182,000
Per share amount, Basic EPS (in dollars per share)	$ 3.38	$ 2.44	$ 9.88	$ 7.97
Dilutive Effect of Stock Options
Weighted average shares outstanding, Dilutive Effect of Stock Options (in shares)	273,000	377,000	238,000	301,000
Per share amount, Dilutive effect of stock options (in dollars per share)	$ (0.04)	$ (0.04)	$ (0.11)	$ (0.11)
Diluted EPS
Net earnings attributable to Valmont Industries, Inc., Diluted EPS	$ 72,112	$ 51,650	$ 210,531	$ 168,774
Weighted average shares outstanding, Diluted EPS (in shares)	21,605,000	21,552,000	21,546,000	21,483,000
Per share amount, Diluted EPS (in dollars per share)	$ 3.34	$ 2.40	$ 9.77	$ 7.86
Antidilutive Securities
Outstanding stock options with exercise prices exceeding the market price of common stock, excluded from the computation of diluted earnings per share (in shares)	0	0

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Fair Value of Derivatives (Details) - USD ($) $ in Thousands	Sep. 24, 2022	Dec. 25, 2021
Derivatives, Fair Value [Line Items]
Derivative designated as hedging instruments	$ 8,690	$ (4,007)
Commodity forward contracts | Accrued expenses
Derivatives, Fair Value [Line Items]
Derivative designated as hedging instruments	(5,938)	(5,802)
Foreign currency forward contracts | Accrued expenses
Derivatives, Fair Value [Line Items]
Derivative designated as hedging instruments	(946)	(118)
Foreign currency forward contracts | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative designated as hedging instruments	10	149
Cross currency swap contracts | Accrued expenses
Derivatives, Fair Value [Line Items]
Derivative designated as hedging instruments	(100)	0
Cross currency swap contracts | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative designated as hedging instruments	$ 15,664	$ 1,764

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Gain (Loss) on Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives recognized in earnings	$ (862)	$ 10,732	$ 1,028	$ 12,275
Commodity forward contracts | Product cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives recognized in earnings	(1,545)	9,870	(1,047)	10,140
Foreign currency forward contracts | Other income
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives recognized in earnings	(94)	187	(177)	123
Interest rate hedge amortization | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives recognized in earnings	(16)	(16)	(48)	(48)
Cross currency swap contracts | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives recognized in earnings	$ 793	$ 691	$ 2,300	$ 2,060

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 24, 2022 USD ($) T	Jun. 25, 2022 USD ($) T	Dec. 25, 2021 USD ($) T	Dec. 28, 2019 USD ($) derivative
Senior Unsecured Notes | Senior Unsecured Notes 5.00% Due 2044
Derivative [Line Items]
Stated rate				5%
Senior Unsecured Notes | Senior Unsecured Notes 5.00% Due 2044 | Cross currency swap contracts
Derivative [Line Items]
Number of fixed-for-fixed cross currency swaps | derivative				2
Cash Flow Hedging | Designated as Hedging Instrument | Commodity forward contracts
Derivative [Line Items]
Notional amount	$ 5,211
Derivative, nonmonetary notional amount, mass | T	770,000
Cash Flow Hedging | Designated as Hedging Instrument | Commodity forward contracts | Long
Derivative [Line Items]
Notional amount	$ 27,290
Cash Flow Hedging | Designated as Hedging Instrument | 2021 Commodity Contract | Long
Derivative [Line Items]
Notional amount			$ 93,498
Derivative, nonmonetary notional amount, mass | T			86,100
Cash Flow Hedging | Designated as Hedging Instrument | 2022 Commodity Contract | Long
Derivative [Line Items]
Notional amount		$ 14,010
Derivative, nonmonetary notional amount, mass | T	28,200	15,000
Fair Value Hedging | Euro Member Countries, Euro | Designated as Hedging Instrument | Foreign currency forward contracts
Derivative [Line Items]
Notional amount	$ 1,800
Net Investment Hedging | Senior Unsecured Notes | Senior Unsecured Notes 5.00% Due 2044 | Designated as Hedging Instrument | Cross currency swap contracts
Derivative [Line Items]
Notional amount				$ 130,000
Received proceeds	$ 2,243

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Notional Amounts Outstanding (Details) - Designated as Hedging Instrument - Net Investment Hedging € in Thousands, kr in Thousands, $ in Thousands	Sep. 24, 2022 USD ($)	Sep. 24, 2022 DKK (kr)	Sep. 24, 2022 EUR (€)
Denmark, Kroner | Cross Currency, Danish Kroner, Terminating April 2024
Derivative [Line Items]
Notional amount	$ 20,000	kr 133,450
Swapped Interest Rate	2.68%	2.68%	2.68%
Euro Member Countries, Euro | Cross Currency, Euro, Terminating April 2024
Derivative [Line Items]
Notional amount	$ 80,000		€ 71,550
Swapped Interest Rate	2.825%	2.825%	2.825%

BUSINESS SEGMENTS - Additional

BUSINESS SEGMENTS - Additional Information (Details)	9 Months Ended
	Sep. 24, 2022 segment
Infrastructure and Agriculture
Business Segments
Reportable segments	2
New management structure
Business Segments
Operating segments	3
Agriculture
Business Segments
Reportable segments	2

BUSINESS SEGMENTS - Summary By

BUSINESS SEGMENTS - Summary By Business (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Business Segments
Net sales	$ 1,097,382	$ 868,782	$ 3,213,734	$ 2,538,297
Operating income	109,972	76,195	323,533	236,031
Transmission, Distribution and Substation
Business Segments
Net sales	304,781	239,572	882,216	668,474
Lighting and Transportation
Business Segments
Net sales	241,590	217,962	701,009	609,725
Coatings
Business Segments
Net sales	87,975	74,935	252,971	224,077
Telecommunications
Business Segments
Net sales	92,830	63,088	232,765	162,830
Renewable Energy
Business Segments
Net sales	46,065	36,900	142,655	128,604
Irrigation Equipment and Parts, excluding Technology
Business Segments
Net sales	299,883	214,886	919,134	672,227
Technology Products and Services
Business Segments
Net sales	24,258	21,439	82,984	72,360
North America
Business Segments
Net sales	751,140	550,086	2,189,525	1,626,412
International
Business Segments
Net sales	346,242	318,696	1,024,209	911,885
Infrastructure
Business Segments
Net sales	773,241	632,457	2,211,616	1,793,710
Operating income	93,572	71,422	255,722	187,421
Agriculture
Business Segments
Net sales	324,141	236,325	1,002,118	744,587
Operating income	43,258	27,735	138,779	108,467
Corporate
Business Segments
Operating income	(26,858)	(22,962)	(70,968)	(59,857)
Operating Segment
Business Segments
Net sales	1,105,614	874,614	3,235,635	2,553,493
Operating Segment | Infrastructure
Business Segments
Net sales	778,353	634,283	2,224,029	1,801,533
Operating Segment | Infrastructure | Transmission, Distribution and Substation
Business Segments
Net sales	304,781	239,572	882,216	668,474
Operating Segment | Infrastructure | Lighting and Transportation
Business Segments
Net sales	241,590	217,962	701,009	609,725
Operating Segment | Infrastructure | Coatings
Business Segments
Net sales	91,969	76,761	264,266	231,900
Operating Segment | Infrastructure | Telecommunications
Business Segments
Net sales	92,830	63,088	232,765	162,830
Operating Segment | Infrastructure | Renewable Energy
Business Segments
Net sales	47,183	36,900	143,773	128,604
Operating Segment | Infrastructure | Irrigation Equipment and Parts, excluding Technology
Business Segments
Net sales		0	0	0
Operating Segment | Infrastructure | Technology Products and Services
Business Segments
Net sales		0	0	0
Operating Segment | Infrastructure | North America
Business Segments
Net sales	579,628	439,610	1,645,472	1,246,512
Operating Segment | Infrastructure | International
Business Segments
Net sales	198,725	194,673	578,557	555,021
Operating Segment | Agriculture
Business Segments
Net sales	327,261	240,331	1,011,606	751,960
Operating Segment | Agriculture | Transmission, Distribution and Substation
Business Segments
Net sales		0	0	0
Operating Segment | Agriculture | Lighting and Transportation
Business Segments
Net sales		0	0	0
Operating Segment | Agriculture | Coatings
Business Segments
Net sales		0	0	0
Operating Segment | Agriculture | Telecommunications
Business Segments
Net sales		0	0	0
Operating Segment | Agriculture | Renewable Energy
Business Segments
Net sales		0	0	0
Operating Segment | Agriculture | Irrigation Equipment and Parts, excluding Technology
Business Segments
Net sales	303,003	218,892	928,622	679,600
Operating Segment | Agriculture | Technology Products and Services
Business Segments
Net sales	24,258	21,439	82,984	72,360
Operating Segment | Agriculture | North America
Business Segments
Net sales	178,626	116,308	564,369	395,096
Operating Segment | Agriculture | International
Business Segments
Net sales	148,635	124,023	447,237	356,864
Intersegment Sales
Business Segments
Net sales	(8,232)	(5,832)	(21,901)	(15,196)
Intersegment Sales | Transmission, Distribution and Substation
Business Segments
Net sales		0	0	0
Intersegment Sales | Lighting and Transportation
Business Segments
Net sales		0	0	0
Intersegment Sales | Coatings
Business Segments
Net sales	(3,994)	(1,826)	(11,295)	(7,823)
Intersegment Sales | Telecommunications
Business Segments
Net sales		0	0	0
Intersegment Sales | Renewable Energy
Business Segments
Net sales	(1,118)	0	(1,118)	0
Intersegment Sales | Irrigation Equipment and Parts, excluding Technology
Business Segments
Net sales	(3,120)	(4,006)	(9,488)	(7,373)
Intersegment Sales | Technology Products and Services
Business Segments
Net sales		0	0	0
Intersegment Sales | North America
Business Segments
Net sales	(7,114)	(5,832)	(20,316)	(15,196)
Intersegment Sales | International
Business Segments
Net sales	(1,118)	0	(1,585)	0
Intersegment Sales | Infrastructure
Business Segments
Net sales	(5,112)	(1,826)	(12,413)	(7,823)
Intersegment Sales | Agriculture
Business Segments
Net sales	$ (3,120)	$ (4,006)	$ (9,488)	$ (7,373)

BUSINESS SEGMENTS - Breakdown b

BUSINESS SEGMENTS - Breakdown by Segment of Revenue Recognized Over Time and At a Point In Time (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Business Segments
Net sales	$ 1,097,382	$ 868,782	$ 3,213,734	$ 2,538,297
Point in Time
Business Segments
Net sales	752,508	589,290	2,216,770	1,727,295
Over Time
Business Segments
Net sales	344,874	279,492	996,964	811,002
Infrastructure
Business Segments
Net sales	773,241	632,457	2,211,616	1,793,710
Infrastructure | Point in Time
Business Segments
Net sales	434,839	359,017	1,233,320	997,482
Infrastructure | Over Time
Business Segments
Net sales	338,402	273,440	978,296	796,228
Agriculture
Business Segments
Net sales	324,141	236,325	1,002,118	744,587
Agriculture | Point in Time
Business Segments
Net sales	317,669	230,273	983,450	729,813
Agriculture | Over Time
Business Segments
Net sales	$ 6,472	$ 6,052	$ 18,668	$ 14,774