v3.25.4
Pay vs Performance Disclosure
 12 Months Ended
Dec. 27, 2025
USD ($)
$ / shares
Dec. 28, 2024
USD ($)
$ / shares
Dec. 30, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
Dec. 25, 2021
USD ($)
Dec. 29, 2024
USD ($)
$ / shares
Dec. 31, 2023
$ / shares
Jan. 01, 2023
$ / shares
Dec. 26, 2020
USD ($)
Pay vs Performance Disclosure                  
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
We are providing the following information about the relationship of the “compensation actually paid” to our chief executive officers (“CEOs”) and “average compensation actually paid” to our other named executive officers (“Non-CEO NEOs”), as calculated under the SEC pay versus performance proxy rule, for our fiscal years presented below and to certain financial performance measures.
PAY VERSUS PERFORMANCE TABLE
​
Year
​ ​
Summary
Compensation
Table Total
for CEO
(current)
($)(1)
​ ​
Compensation
Actually Paid
to CEO
(current)
($)(1)(2)
​ ​
Summary
Compensation
Table Total
for CEO
(former)
($)(1)
​ ​
Compensation
Actually Paid
to CEO
(former)
($)(1)(2)
​ ​
Average
Summary
Compensation
Table Total for
Non-CEO NEOs
($)(1)
​ ​
Average
Compensation
Actually Paid to
Non-CEO NEOs
($)(3)
​ ​
Value of Initial
Fixed $100
Investment
Based On:
​ ​
Net
Income
(GAAP)
(in
thousands)
($)
​ ​
Adjusted
ROIC
(%)(5)
​
​
Company
TSR
($)
​ ​
Peer
Group
Index
TSR
($)(4)
​
​
2025
​ ​ ​ ​ 7,762,266 ​ ​ ​ ​ ​ 13,791,681 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,902,906 ​ ​ ​ ​ ​ 2,323,144 ​ ​ ​ ​ ​ 250.03 ​ ​ ​ ​ ​ 186.07 ​ ​ ​ ​ ​ 353,688 ​ ​ ​ ​ ​ 13.5 ​ ​
​
2024
​ ​ ​ ​ 7,639,710 ​ ​ ​ ​ ​ 13,430,167 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,976,754 ​ ​ ​ ​ ​ 2,578,594 ​ ​ ​ ​ ​ 214.41 ​ ​ ​ ​ ​ 174.11 ​ ​ ​ ​ ​ 350,624 ​ ​ ​ ​ ​ 16.4 ​ ​
​
2023
​ ​ ​ ​ 5,956,400 ​ ​ ​ ​ ​ 4,305,592 ​ ​ ​ ​ ​ 6,280,307 ​ ​ ​ ​ ​ (5,362,357) ​ ​ ​ ​ ​ 2,572,221 ​ ​ ​ ​ ​ 1,409,666 ​ ​ ​ ​ ​ 161.88 ​ ​ ​ ​ ​ 159.52 ​ ​ ​ ​ ​ 144,912 ​ ​ ​ ​ ​ 14.0 ​ ​
​
2022
​ ​ ​ ​ n/a ​ ​ ​ ​ ​ n/a ​ ​ ​ ​ ​ 8,674,260 ​ ​ ​ ​ ​ 21,710,433 ​ ​ ​ ​ ​ 2,258,298 ​ ​ ​ ​ ​ 4,865,986 ​ ​ ​ ​ ​ 227.19 ​ ​ ​ ​ ​ 116.64 ​ ​ ​ ​ ​ 254,251 ​ ​ ​ ​ ​ 13.3 ​ ​
​
2021
​ ​ ​ ​ n/a ​ ​ ​ ​ ​ n/a ​ ​ ​ ​ ​ 7,337,975 ​ ​ ​ ​ ​ 16,362,423 ​ ​ ​ ​ ​ 1,944,076 ​ ​ ​ ​ ​ 3,485,985 ​ ​ ​ ​ ​ 166.76 ​ ​ ​ ​ ​ 133.14 ​ ​ ​ ​ ​ 197,725 ​ ​ ​ ​ ​ 11.7 ​ ​
​
(1)
Mr. Applbaum was CEO in 2025, 2024 and 2023 (beginning July 11). Stephen G. Kaniewski was CEO in 2023 (until July 11), 2022 and 2021. Messers. Liguori, Matthews, Colwell, Turi and Donahue were Non-CEO NEOs in 2025. Ms. Larkin and Messers. Liguori, Francis, Donahue, Massey and Schapper were Non-CEO NEOs in 2024. Mr. Francis was a Non-CEO NEO in 2023. Ms. Larkin and Messers. Schapper and Parnell were Non-CEO NEOs in 2023, 2022 and 2021. Average compensation for Non-CEO NEOs is based on the compensation of the NEOs for the relevant period.
​
(2)
The Summary Compensation Table (“SCT”) Total amount for CEO for 2025 was adjusted as set forth below to compute the compensation actually paid. The increases in value in fiscal 2025 and 2024 reflect the increases in value of options and RSUs during those fiscal years. Valmont’s stock price on the first day of fiscal 2025 was $305.39 and on the last day of fiscal 2025 was $412.20. Valmont’s stock price on the first day of fiscal 2024 was $234.52 and on the last day of fiscal 2024 was $324.20. Valmont’s stock price on the first day of fiscal 2023 was $330.30 and on the last day of fiscal 2023 was $233.51.
​
​
Fiscal Year
​ ​
Deduction of the
Amounts of Equity
Awards Reported in SCT
for Fiscal Year
​ ​
Addition of Fair
Value of
Outstanding and
Unvested Equity
Awards Granted
During the Fiscal
Year as of the
End of the
Fiscal Year
($)
​ ​
Change in Fair
Value From Prior
Fiscal Year of
Outstanding and
Unvested Equity
Awards Granted in
Any Prior Fiscal
Year as of the End
of the Fiscal Year
($)
​ ​
Change in Fair
Value as of the
Vesting Date
from the Prior
Fiscal Year of
Equity Awards
Vesting in the
Fiscal Year
($)
​ ​
Fair Value of
Equity Awards
as of the Prior
Fiscal Year of
Awards that
Failed Vesting
Conditions in
Fiscal Year
($)
​
​
Stock Awards
($)
​ ​
Options
($)
​
​
2025
​ ​ ​ ​ 3,961,817 ​ ​ ​ ​ ​ 1,423,435 ​ ​ ​ ​ ​ 7,162,391 ​ ​ ​ ​ ​ 3,261,342 ​ ​ ​ ​ ​ 990,934 ​ ​ ​ ​ ​ 0 ​ ​
​
(3)
The Average SCT Total amounts for the Non-CEO NEOs were adjusted to compute the compensation actually paid as follows:
​
​ ​ ​ ​
Deduction of the
Amounts of Equity
Awards Reported in SCT
for Fiscal Year
​ ​
Addition of Fair
Value of
Outstanding and
Unvested Equity
Awards Granted
During the Fiscal
Year as of the
End of the
Fiscal Year
($)
​ ​
Change in Fair
Value From Prior
Fiscal Year of
Outstanding and
Unvested Equity
Awards Granted in
Any Prior Fiscal
Year as of the End
of the Fiscal Year
($)
​ ​
Change in Fair
Value as of the
Vesting Date
from the Prior
Fiscal Year of
Equity Awards
Vesting in the
Fiscal Year
($)
​ ​
Fair Value of
Equity Awards
as of the Prior
Fiscal Year of
Awards that
Failed Vesting
Conditions in
Fiscal Year
($)
​
​
Fiscal Year
​ ​
Stock Awards
($)
​ ​
Options
($)
​
​
2025
​ ​ ​ ​ 645,897 ​ ​ ​ ​ ​ 183,662 ​ ​ ​ ​ ​ 1,136,347 ​ ​ ​ ​ ​ 323,442 ​ ​ ​ ​ ​ 141,474 ​ ​ ​ ​ ​ 351,467 ​ ​
​
(4)
S&P 400 Industrial Machinery & Supplies & Components Index.
​
(5)
Valmont selected adjusted return on invested capital (“adjusted ROIC”) as a company specific financial measure that links financial results and performance. A significant portion of an executives long-term performance award is based on adjusted ROIC. ROIC and adjusted ROIC are non-GAAP financial measures. ROIC and adjusted ROIC are calculated from the Company’s audited financial statements as follows:
​
​
Dollars in Thousands
​ ​
2025
​ ​
2024
​ ​
2023
​ ​
2022
​ ​
2021
​
​ Operating Income ​ ​ ​ $ 415,576 ​ ​ ​ ​ $ 524,584 ​ ​ ​ ​ $ 291,557 ​ ​ ​ ​ $ 433,249 ​ ​ ​ ​ $ 286,785 ​ ​
​ Tax rate ​ ​ ​ ​ 6.3% ​ ​ ​ ​ ​ 25.2% ​ ​ ​ ​ ​ 38.1% ​ ​ ​ ​ ​ 27.7% ​ ​ ​ ​ ​ 23.6% ​ ​
​ Tax effect on operating income ​ ​ ​ ​ (26,261) ​ ​ ​ ​ ​ (132,050) ​ ​ ​ ​ ​ (111,124) ​ ​ ​ ​ ​ (119,872) ​ ​ ​ ​ ​ (67,681) ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ After-tax operating income ​ ​ ​ $ 389,315 ​ ​ ​ ​ $ 392,534 ​ ​ ​ ​ $ 180,433 ​ ​ ​ ​ $ 313,317 ​ ​ ​ ​ $ 219,104 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Average invested capital ​ ​ ​ $ 2,343,300 ​ ​ ​ ​ $ 2,396,436 ​ ​ ​ ​ $ 2,504,474 ​ ​ ​ ​ $ 2,437,232 ​ ​ ​ ​ $ 2,176,577 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Return on invested capital ​ ​ ​ ​ 16.6% ​ ​ ​ ​ ​ 16.4% ​ ​ ​ ​ ​ 7.2% ​ ​ ​ ​ ​ 12.9% ​ ​ ​ ​ ​ 10.1% ​ ​
​ Operating income ​ ​ ​ $ 415,576 ​ ​ ​ ​ $ 524,584 ​ ​ ​ ​ $ 291,557 ​ ​ ​ ​ ​ 433,249 ​ ​ ​ ​ ​ 286,785 ​ ​
​ Impairment of long-lived assets ​ ​ ​ ​ 91,337 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 140,844 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 27,911 ​ ​
​ Realignment charges ​ ​ ​ ​ 16,066 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 35,210 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,052 ​ ​
​ Other non-recurring charges ​ ​ ​ ​ 14,874 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,626 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Prospera intangible asset amortization ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,580 ​ ​ ​ ​ ​ 3,396 ​ ​
​ Prospera stock-based compensation ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 9,896 ​ ​ ​ ​ ​ 5,240 ​ ​
​ Write-off of a receivable ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,545 ​ ​
​ Acquisition diligence ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,120 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Adjusted operating income ​ ​ ​ $ 537,853 ​ ​ ​ ​ $ 524,584 ​ ​ ​ ​ $ 473,237 ​ ​ ​ ​ $ 449,725 ​ ​ ​ ​ $ 334,049 ​ ​
​ Adjusted effective tax rate ​ ​ ​ ​ 23.2% ​ ​ ​ ​ ​ 25.2% ​ ​ ​ ​ ​ 25.9% ​ ​ ​ ​ ​ 27.7% ​ ​ ​ ​ ​ 23.6% ​ ​
​ Tax effect on adjusted operating income ​ ​ ​ ​ (124,599) ​ ​ ​ ​ ​ (132,050) ​ ​ ​ ​ ​ (122,665) ​ ​ ​ ​ ​ (124,431) ​ ​ ​ ​ ​ (78,836) ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ After-tax adjusted operating income ​ ​ ​ $ 413,254 ​ ​ ​ ​ $ 392,534 ​ ​ ​ ​ $ 350,572 ​ ​ ​ ​ $ 325,294 ​ ​ ​ ​ $ 255,213 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Average invested capital ​ ​ ​ $ 2,343,300 ​ ​ ​ ​ $ 2,396,436 ​ ​ ​ ​ $ 2,504,474 ​ ​ ​ ​ $ 2,437,232 ​ ​ ​ ​ $ 2,176,577 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Adjusted return on invested capital ​ ​ ​ ​ 17.6% ​ ​ ​ ​ ​ 16.4% ​ ​ ​ ​ ​ 14.0% ​ ​ ​ ​ ​ 13.3% ​ ​ ​ ​ ​ 11.7% ​ ​
​ GAAP operating income ​ ​ ​ ​ 415,576 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Exclude worthless securities deduction benefit ​ ​ ​ ​ 73,829 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Exclude GAAP tax benefit ​ ​ ​ ​ 26,261 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Further after-tax adjusted operating income ​ ​ ​ ​ 315,486 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Further adjusted return on invested capital ​ ​ ​ ​ 13.5% ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Total Assets ​ ​ ​ $ 3,369,329 ​ ​ ​ ​ $ 3,329,972 ​ ​ ​ ​ $ 3,477,448 ​ ​ ​ ​ $ 3,556,996 ​ ​ ​ ​ $ 3,447,249 ​ ​
​ Less: Defined benefit pension asset ​ ​ ​ ​ (39,666) ​ ​ ​ ​ ​ (46,520) ​ ​ ​ ​ ​ (15,404) ​ ​ ​ ​ ​ (24,216) ​ ​ ​ ​ ​ — ​ ​
​ Less: Accounts payable ​ ​ ​ ​ (359,539) ​ ​ ​ ​ ​ (372,197) ​ ​ ​ ​ ​ (358,311) ​ ​ ​ ​ ​ (360,312) ​ ​ ​ ​ ​ (347,841) ​ ​
​ Less: Accrued expenses ​ ​ ​ ​ (284,751) ​ ​ ​ ​ ​ (275,407) ​ ​ ​ ​ ​ (277,764) ​ ​ ​ ​ ​ (248,320) ​ ​ ​ ​ ​ (253,330) ​ ​
​ Less: Contract liabilities ​ ​ ​ ​ (52,013) ​ ​ ​ ​ ​ (126,932) ​ ​ ​ ​ ​ (70,978) ​ ​ ​ ​ ​ (172,915) ​ ​ ​ ​ ​ (135,746) ​ ​
​ Less: Income Tax payable ​ ​ ​ ​ (12,604) ​ ​ ​ ​ ​ (22,509) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3,664) ​ ​ ​ ​ ​ — ​ ​
​ Less: Dividends payable ​ ​ ​ ​ (13,278) ​ ​ ​ ​ ​ (12,019) ​ ​ ​ ​ ​ (12,125) ​ ​ ​ ​ ​ (11,742) ​ ​ ​ ​ ​ (10,616) ​ ​
​ Less: Deferred income taxes ​ ​ ​ ​ (5,316) ​ ​ ​ ​ ​ (6,344) ​ ​ ​ ​ ​ (21,205) ​ ​ ​ ​ ​ (41,091) ​ ​ ​ ​ ​ (47,849) ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Less: Operating lease liabilities ​ ​ ​ ​ (130,007) ​ ​ ​ ​ ​ (134,534) ​ ​ ​ ​ ​ (162,743) ​ ​ ​ ​ ​ (155,469) ​ ​ ​ ​ ​ (147,759) ​ ​
​ Less: Deferred compensation ​ ​ ​ ​ (29,631) ​ ​ ​ ​ ​ (33,302) ​ ​ ​ ​ ​ (32,623) ​ ​ ​ ​ ​ (30,316) ​ ​ ​ ​ ​ (35,373) ​ ​
​ Less: Defined benefit pension liability ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (536) ​ ​
​ Less: Other non-current liabilities ​ ​ ​ ​ (35,320) ​ ​ ​ ​ ​ (20,813) ​ ​ ​ ​ ​ (12,818) ​ ​ ​ ​ ​ (13,480) ​ ​ ​ ​ ​ (89,207) ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Total invested capital ​ ​ ​ $ 2,407,204 ​ ​ ​ ​ $ 2,279,395 ​ ​ ​ ​ $ 2,513,477 ​ ​ ​ ​ $ 2,495,471 ​ ​ ​ ​ $ 2,378,992 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Beginning invested capital ​ ​ ​ $ 2,279,395 ​ ​ ​ ​ $ 2,513,477 ​ ​ ​ ​ $ 2,495,471 ​ ​ ​ ​ $ 2,378,992 ​ ​ ​ ​ $ 1,974,162 ​ ​
​ Average invested capital ​ ​ ​ $ 2,343,300 ​ ​ ​ ​ $ 2,396,436 ​ ​ ​ ​ $ 2,504,474 ​ ​ ​ ​ $ 2,437,232 ​ ​ ​ ​ $ 2,176,577 ​ ​
The adjusted effective tax rate for fiscal 2025 excluded the effects of the impairment of long-lived assets of $91.3 million, the worthless securities deduction and release of foreign tax credit valuation allowances totaling $78.5 million, realignment charges of $16.1 million (of which $0.7 million was included in cost of goods sold), and other non-recurring charges of $14.9 million (of which $0.7 million was included in cost of goods sold) mainly consisting of costs to fulfill contractually required payments for system licenses no longer needed and asset valuation adjustments for a joint venture ag solar business. The effective rate including these items was 6.3%.
The adjusted effective tax rate for fiscal 2023 excluded the effects of the impairment of long-lived assets of $140.8 million, realignment charges of $35.2 million, non-recurring charges associated with major scope changes for two strategic projects initiated by departed senior leadership of $5.6 million, loss from Argentine peso hyperinflation of $5.1 million, and non-recurring tax benefit items of $3.6 million. The effective tax rate including these items was 38.1%. The adjusted effective tax rate for fiscal 2022 excluded the effects of the $33.3 million loss from the divestiture of the offshore wind energy structure business which is not deductible for income tax purposes. The effective rate including the loss on the divestiture is 29.9%.
               
Company Selected Measure Name Adjusted ROIC                
Named Executive Officers, Footnote
(1)
Mr. Applbaum was CEO in 2025, 2024 and 2023 (beginning July 11). Stephen G. Kaniewski was CEO in 2023 (until July 11), 2022 and 2021. Messers. Liguori, Matthews, Colwell, Turi and Donahue were Non-CEO NEOs in 2025. Ms. Larkin and Messers. Liguori, Francis, Donahue, Massey and Schapper were Non-CEO NEOs in 2024. Mr. Francis was a Non-CEO NEO in 2023. Ms. Larkin and Messers. Schapper and Parnell were Non-CEO NEOs in 2023, 2022 and 2021. Average compensation for Non-CEO NEOs is based on the compensation of the NEOs for the relevant period.
               
Peer Group Issuers, Footnote
(4)
S&P 400 Industrial Machinery & Supplies & Components Index.
               
Adjustment To PEO Compensation, Footnote
(2)
The Summary Compensation Table (“SCT”) Total amount for CEO for 2025 was adjusted as set forth below to compute the compensation actually paid. The increases in value in fiscal 2025 and 2024 reflect the increases in value of options and RSUs during those fiscal years. Valmont’s stock price on the first day of fiscal 2025 was $305.39 and on the last day of fiscal 2025 was $412.20. Valmont’s stock price on the first day of fiscal 2024 was $234.52 and on the last day of fiscal 2024 was $324.20. Valmont’s stock price on the first day of fiscal 2023 was $330.30 and on the last day of fiscal 2023 was $233.51.
​
​
Fiscal Year
​ ​
Deduction of the
Amounts of Equity
Awards Reported in SCT
for Fiscal Year
​ ​
Addition of Fair
Value of
Outstanding and
Unvested Equity
Awards Granted
During the Fiscal
Year as of the
End of the
Fiscal Year
($)
​ ​
Change in Fair
Value From Prior
Fiscal Year of
Outstanding and
Unvested Equity
Awards Granted in
Any Prior Fiscal
Year as of the End
of the Fiscal Year
($)
​ ​
Change in Fair
Value as of the
Vesting Date
from the Prior
Fiscal Year of
Equity Awards
Vesting in the
Fiscal Year
($)
​ ​
Fair Value of
Equity Awards
as of the Prior
Fiscal Year of
Awards that
Failed Vesting
Conditions in
Fiscal Year
($)
​
​
Stock Awards
($)
​ ​
Options
($)
​
​
2025
​ ​ ​ ​ 3,961,817 ​ ​ ​ ​ ​ 1,423,435 ​ ​ ​ ​ ​ 7,162,391 ​ ​ ​ ​ ​ 3,261,342 ​ ​ ​ ​ ​ 990,934 ​ ​ ​ ​ ​ 0 ​ ​
               
Non-PEO NEO Average Total Compensation Amount $ 1,902,906 $ 1,976,754 $ 2,572,221 $ 2,258,298 $ 1,944,076        
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,323,144 2,578,594 1,409,666 4,865,986 3,485,985        
Adjustment to Non-PEO NEO Compensation Footnote
(3)
The Average SCT Total amounts for the Non-CEO NEOs were adjusted to compute the compensation actually paid as follows:
​ ​ ​ ​
Deduction of the
Amounts of Equity
Awards Reported in SCT
for Fiscal Year
​ ​
Addition of Fair
Value of
Outstanding and
Unvested Equity
Awards Granted
During the Fiscal
Year as of the
End of the
Fiscal Year
($)
​ ​
Change in Fair
Value From Prior
Fiscal Year of
Outstanding and
Unvested Equity
Awards Granted in
Any Prior Fiscal
Year as of the End
of the Fiscal Year
($)
​ ​
Change in Fair
Value as of the
Vesting Date
from the Prior
Fiscal Year of
Equity Awards
Vesting in the
Fiscal Year
($)
​ ​
Fair Value of
Equity Awards
as of the Prior
Fiscal Year of
Awards that
Failed Vesting
Conditions in
Fiscal Year
($)
​
​
Fiscal Year
​ ​
Stock Awards
($)
​ ​
Options
($)
​
​
2025
​ ​ ​ ​ 645,897 ​ ​ ​ ​ ​ 183,662 ​ ​ ​ ​ ​ 1,136,347 ​ ​ ​ ​ ​ 323,442 ​ ​ ​ ​ ​ 141,474 ​ ​ ​ ​ ​ 351,467 ​ ​
               
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_tsr-4c.jpg]                
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netearnings-4c.jpg]
               
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_roic-4c.jpg]
               
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_tsr-4c.jpg]                
Tabular List, Table
MOST IMPORTANT FINANCIAL PERFORMANCE MEASURES FOR 2025
In our assessment, the three most important financial measures we use to link compensation actually paid to the CEO and Non-CEO NEOs to Company performance for fiscal 2025 are:
■
Adjusted ROIC
​
■
Net earnings
​
■
Cumulative compound operating income growth
               
Total Shareholder Return Amount $ 250.03 214.41 161.88 227.19 166.76        
Peer Group Total Shareholder Return Amount 186.07 174.11 159.52 116.64 133.14        
Net Income (Loss) $ 353,688,000 $ 350,624,000 $ 144,912,000 $ 254,251,000 $ 197,725,000        
Company Selected Measure Amount 13.5 16.4 14 13.3 11.7        
Share Price | $ / shares $ 412.2 $ 324.2 $ 233.51     $ 305.39 $ 234.52 $ 330.3  
Operating Income (Loss) $ 415,576,000 $ 524,584,000 $ 291,557,000 $ 433,249,000 $ 286,785,000        
Effective Income Tax Rate Reconciliation, Percent 6.30% 25.20% 38.10% 27.70% 23.60%        
Income Tax Expense (Benefit) $ (26,261,000) $ (132,050,000) $ (111,124,000) $ (119,872,000) $ (67,681,000)        
Net Income (Loss) Available to Common Stockholders, Basic 389,315,000 392,534,000 180,433,000 313,317,000 219,104,000        
Average Investment Capital $ 2,343,300,000 $ 2,396,436,000 $ 2,504,474,000 $ 2,437,232,000 $ 2,176,577,000        
Percentage of Return on Invested Capital 16.60% 16.40% 7.20% 12.90% 10.10%        
Impairment of Long-Lived Assets to be Disposed of $ 91,337,000 $ 140,844,000 $ 27,911,000        
Restructuring Charges 16,066,000 35,210,000 4,052,000        
Other Non-Recurring Charges 14,874,000 5,626,000        
Amortization of Intangible Assets 6,580,000 3,396,000        
Share-Based Payment Arrangement, Expense 9,896,000 5,240,000        
Write Off Of Receivable 5,545,000        
Acquisition Diligence Expense 1,120,000        
Adjusted Operating Income (Loss) $ 537,853,000 $ 524,584,000 $ 473,237,000 $ 449,725,000 $ 334,049,000        
Adjusted Effective Tax Rate Reconciliation, Percentage 23.20% 25.20% 25.90% 27.70% 23.60%        
Tax Effect On Adjusted Operating Income (Loss) $ (124,599,000) $ (132,050,000) $ (122,665,000) $ (124,431,000) $ (78,836,000)        
Adjusted Operating Income (Loss), After Tax $ 413,254,000 $ 392,534,000 $ 350,572,000 $ 325,294,000 $ 255,213,000        
Percentage Of Adjusted Return On Invested Capital 17.60% 16.40% 14.00% 13.30% 11.70%        
Operating Income (Losses) $ 415,576,000        
Operating Income securities deduction benefit 73,829,000        
Income Tax Expenses (Benefit) 26,261,000        
Income Tax Expense After Tax Adjusted Operating Income $ 315,486,000                
Percentage of Income Tax Adjusted Returns On Invested Capital 13.50%        
Assets $ 3,369,329,000 $ 3,329,972,000 $ 3,477,448,000 $ 3,556,996,000 $ 3,447,249,000        
Defined Benefit Plan, Plan Assets, Amount 39,666,000 46,520,000 15,404,000 24,216,000        
Accounts Payable 359,539,000 372,197,000 358,311,000 360,312,000 347,841,000        
Accrued Liabilities 284,751,000 275,407,000 277,764,000 248,320,000 253,330,000        
Contract with Customer, Liability 52,013,000 126,932,000 70,978,000 172,915,000 135,746,000        
Taxes Payable 12,604,000 22,509,000 3,664,000        
Dividends Payable 13,278,000 12,019,000 12,125,000 11,742,000 10,616,000        
Deferred Tax Liabilities, Gross 5,316,000 6,344,000 21,205,000 41,091,000 47,849,000        
Operating Lease, Liability 130,007,000 134,534,000 162,743,000 155,469,000 147,759,000        
Deferred Compensation Liability, Current and Noncurrent 29,631,000 33,302,000 32,623,000 30,316,000 35,373,000        
Liability, Defined Benefit Pension Plan 536,000        
Other Liabilities, Noncurrent 35,320,000 20,813,000 12,818,000 13,480,000 89,207,000        
Investment Capital 2,407,204,000 2,279,395,000 2,513,477,000 2,495,471,000 2,378,992,000 $ 2,279,395,000     $ 1,974,162,000
foreign tax credit valuation allowances 78,500,000                
Cost of Revenue 700,000                
Tax advisory fees $ 14,900,000                
Loss From Currency Hyperinflation     5,100,000            
Non-Recurring Tax Benefit     3,600,000            
Loss from Divestiture       $ 33,300,000          
Effective Rate Including Loss on Divestiture       29.90%          
Measure:: 1                  
Pay vs Performance Disclosure                  
Name Adjusted ROIC                
Non-GAAP Measure Description
(5)
Valmont selected adjusted return on invested capital (“adjusted ROIC”) as a company specific financial measure that links financial results and performance. A significant portion of an executives long-term performance award is based on adjusted ROIC. ROIC and adjusted ROIC are non-GAAP financial measures. ROIC and adjusted ROIC are calculated from the Company’s audited financial statements as follows:
​
Dollars in Thousands
​ ​
2025
​ ​
2024
​ ​
2023
​ ​
2022
​ ​
2021
​
​ Operating Income ​ ​ ​ $ 415,576 ​ ​ ​ ​ $ 524,584 ​ ​ ​ ​ $ 291,557 ​ ​ ​ ​ $ 433,249 ​ ​ ​ ​ $ 286,785 ​ ​
​ Tax rate ​ ​ ​ ​ 6.3% ​ ​ ​ ​ ​ 25.2% ​ ​ ​ ​ ​ 38.1% ​ ​ ​ ​ ​ 27.7% ​ ​ ​ ​ ​ 23.6% ​ ​
​ Tax effect on operating income ​ ​ ​ ​ (26,261) ​ ​ ​ ​ ​ (132,050) ​ ​ ​ ​ ​ (111,124) ​ ​ ​ ​ ​ (119,872) ​ ​ ​ ​ ​ (67,681) ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ After-tax operating income ​ ​ ​ $ 389,315 ​ ​ ​ ​ $ 392,534 ​ ​ ​ ​ $ 180,433 ​ ​ ​ ​ $ 313,317 ​ ​ ​ ​ $ 219,104 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Average invested capital ​ ​ ​ $ 2,343,300 ​ ​ ​ ​ $ 2,396,436 ​ ​ ​ ​ $ 2,504,474 ​ ​ ​ ​ $ 2,437,232 ​ ​ ​ ​ $ 2,176,577 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Return on invested capital ​ ​ ​ ​ 16.6% ​ ​ ​ ​ ​ 16.4% ​ ​ ​ ​ ​ 7.2% ​ ​ ​ ​ ​ 12.9% ​ ​ ​ ​ ​ 10.1% ​ ​
​ Operating income ​ ​ ​ $ 415,576 ​ ​ ​ ​ $ 524,584 ​ ​ ​ ​ $ 291,557 ​ ​ ​ ​ ​ 433,249 ​ ​ ​ ​ ​ 286,785 ​ ​
​ Impairment of long-lived assets ​ ​ ​ ​ 91,337 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 140,844 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 27,911 ​ ​
​ Realignment charges ​ ​ ​ ​ 16,066 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 35,210 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,052 ​ ​
​ Other non-recurring charges ​ ​ ​ ​ 14,874 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,626 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Prospera intangible asset amortization ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,580 ​ ​ ​ ​ ​ 3,396 ​ ​
​ Prospera stock-based compensation ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 9,896 ​ ​ ​ ​ ​ 5,240 ​ ​
​ Write-off of a receivable ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,545 ​ ​
​ Acquisition diligence ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,120 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Adjusted operating income ​ ​ ​ $ 537,853 ​ ​ ​ ​ $ 524,584 ​ ​ ​ ​ $ 473,237 ​ ​ ​ ​ $ 449,725 ​ ​ ​ ​ $ 334,049 ​ ​
​ Adjusted effective tax rate ​ ​ ​ ​ 23.2% ​ ​ ​ ​ ​ 25.2% ​ ​ ​ ​ ​ 25.9% ​ ​ ​ ​ ​ 27.7% ​ ​ ​ ​ ​ 23.6% ​ ​
​ Tax effect on adjusted operating income ​ ​ ​ ​ (124,599) ​ ​ ​ ​ ​ (132,050) ​ ​ ​ ​ ​ (122,665) ​ ​ ​ ​ ​ (124,431) ​ ​ ​ ​ ​ (78,836) ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ After-tax adjusted operating income ​ ​ ​ $ 413,254 ​ ​ ​ ​ $ 392,534 ​ ​ ​ ​ $ 350,572 ​ ​ ​ ​ $ 325,294 ​ ​ ​ ​ $ 255,213 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Average invested capital ​ ​ ​ $ 2,343,300 ​ ​ ​ ​ $ 2,396,436 ​ ​ ​ ​ $ 2,504,474 ​ ​ ​ ​ $ 2,437,232 ​ ​ ​ ​ $ 2,176,577 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Adjusted return on invested capital ​ ​ ​ ​ 17.6% ​ ​ ​ ​ ​ 16.4% ​ ​ ​ ​ ​ 14.0% ​ ​ ​ ​ ​ 13.3% ​ ​ ​ ​ ​ 11.7% ​ ​
​ GAAP operating income ​ ​ ​ ​ 415,576 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Exclude worthless securities deduction benefit ​ ​ ​ ​ 73,829 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Exclude GAAP tax benefit ​ ​ ​ ​ 26,261 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Further after-tax adjusted operating income ​ ​ ​ ​ 315,486 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Further adjusted return on invested capital ​ ​ ​ ​ 13.5% ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Total Assets ​ ​ ​ $ 3,369,329 ​ ​ ​ ​ $ 3,329,972 ​ ​ ​ ​ $ 3,477,448 ​ ​ ​ ​ $ 3,556,996 ​ ​ ​ ​ $ 3,447,249 ​ ​
​ Less: Defined benefit pension asset ​ ​ ​ ​ (39,666) ​ ​ ​ ​ ​ (46,520) ​ ​ ​ ​ ​ (15,404) ​ ​ ​ ​ ​ (24,216) ​ ​ ​ ​ ​ — ​ ​
​ Less: Accounts payable ​ ​ ​ ​ (359,539) ​ ​ ​ ​ ​ (372,197) ​ ​ ​ ​ ​ (358,311) ​ ​ ​ ​ ​ (360,312) ​ ​ ​ ​ ​ (347,841) ​ ​
​ Less: Accrued expenses ​ ​ ​ ​ (284,751) ​ ​ ​ ​ ​ (275,407) ​ ​ ​ ​ ​ (277,764) ​ ​ ​ ​ ​ (248,320) ​ ​ ​ ​ ​ (253,330) ​ ​
​ Less: Contract liabilities ​ ​ ​ ​ (52,013) ​ ​ ​ ​ ​ (126,932) ​ ​ ​ ​ ​ (70,978) ​ ​ ​ ​ ​ (172,915) ​ ​ ​ ​ ​ (135,746) ​ ​
​ Less: Income Tax payable ​ ​ ​ ​ (12,604) ​ ​ ​ ​ ​ (22,509) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3,664) ​ ​ ​ ​ ​ — ​ ​
​ Less: Dividends payable ​ ​ ​ ​ (13,278) ​ ​ ​ ​ ​ (12,019) ​ ​ ​ ​ ​ (12,125) ​ ​ ​ ​ ​ (11,742) ​ ​ ​ ​ ​ (10,616) ​ ​
​ Less: Deferred income taxes ​ ​ ​ ​ (5,316) ​ ​ ​ ​ ​ (6,344) ​ ​ ​ ​ ​ (21,205) ​ ​ ​ ​ ​ (41,091) ​ ​ ​ ​ ​ (47,849) ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Less: Operating lease liabilities ​ ​ ​ ​ (130,007) ​ ​ ​ ​ ​ (134,534) ​ ​ ​ ​ ​ (162,743) ​ ​ ​ ​ ​ (155,469) ​ ​ ​ ​ ​ (147,759) ​ ​
​ Less: Deferred compensation ​ ​ ​ ​ (29,631) ​ ​ ​ ​ ​ (33,302) ​ ​ ​ ​ ​ (32,623) ​ ​ ​ ​ ​ (30,316) ​ ​ ​ ​ ​ (35,373) ​ ​
​ Less: Defined benefit pension liability ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (536) ​ ​
​ Less: Other non-current liabilities ​ ​ ​ ​ (35,320) ​ ​ ​ ​ ​ (20,813) ​ ​ ​ ​ ​ (12,818) ​ ​ ​ ​ ​ (13,480) ​ ​ ​ ​ ​ (89,207) ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Total invested capital ​ ​ ​ $ 2,407,204 ​ ​ ​ ​ $ 2,279,395 ​ ​ ​ ​ $ 2,513,477 ​ ​ ​ ​ $ 2,495,471 ​ ​ ​ ​ $ 2,378,992 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ Beginning invested capital ​ ​ ​ $ 2,279,395 ​ ​ ​ ​ $ 2,513,477 ​ ​ ​ ​ $ 2,495,471 ​ ​ ​ ​ $ 2,378,992 ​ ​ ​ ​ $ 1,974,162 ​ ​
​ Average invested capital ​ ​ ​ $ 2,343,300 ​ ​ ​ ​ $ 2,396,436 ​ ​ ​ ​ $ 2,504,474 ​ ​ ​ ​ $ 2,437,232 ​ ​ ​ ​ $ 2,176,577 ​ ​
The adjusted effective tax rate for fiscal 2025 excluded the effects of the impairment of long-lived assets of $91.3 million, the worthless securities deduction and release of foreign tax credit valuation allowances totaling $78.5 million, realignment charges of $16.1 million (of which $0.7 million was included in cost of goods sold), and other non-recurring charges of $14.9 million (of which $0.7 million was included in cost of goods sold) mainly consisting of costs to fulfill contractually required payments for system licenses no longer needed and asset valuation adjustments for a joint venture ag solar business. The effective rate including these items was 6.3%.
The adjusted effective tax rate for fiscal 2023 excluded the effects of the impairment of long-lived assets of $140.8 million, realignment charges of $35.2 million, non-recurring charges associated with major scope changes for two strategic projects initiated by departed senior leadership of $5.6 million, loss from Argentine peso hyperinflation of $5.1 million, and non-recurring tax benefit items of $3.6 million. The effective tax rate including these items was 38.1%. The adjusted effective tax rate for fiscal 2022 excluded the effects of the $33.3 million loss from the divestiture of the offshore wind energy structure business which is not deductible for income tax purposes. The effective rate including the loss on the divestiture is 29.9%.
               
Measure:: 2                  
Pay vs Performance Disclosure                  
Name Net earnings                
Measure:: 3                  
Pay vs Performance Disclosure                  
Name Cumulative compound operating income growth                
Avner M. Applbaum [Member]                  
Pay vs Performance Disclosure                  
PEO Total Compensation Amount $ 7,762,266 7,639,710 5,956,400            
PEO Actually Paid Compensation Amount 13,791,681 13,430,167 4,305,592            
Stephen G. Kaniewski [Member]                  
Pay vs Performance Disclosure                  
PEO Total Compensation Amount 6,280,307 $ 8,674,260 7,337,975        
PEO Actually Paid Compensation Amount $ (5,362,357) $ 21,710,433 $ 16,362,423        
PEO | Avner M. Applbaum [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 7,162,391                
PEO | Avner M. Applbaum [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 3,261,342                
PEO | Avner M. Applbaum [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 990,934                
PEO | Avner M. Applbaum [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0                
PEO | Avner M. Applbaum [Member] | Deduction Of The Amounts Of Stock Awards Reported in SCT for Fiscal Year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (3,961,817)                
PEO | Avner M. Applbaum [Member] | Deduction Of The Amounts Of Option Awards Reported in SCT for Fiscal Year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (1,423,435)                
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 1,136,347                
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 323,442                
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 141,474                
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (351,467)                
Non-PEO NEO | Deduction Of The Amounts Of Stock Awards Reported in SCT for Fiscal Year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (645,897)                
Non-PEO NEO | Deduction Of The Amounts Of Option Awards Reported in SCT for Fiscal Year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount $ (183,662)