2021 Q4 Form 10-K Financial Statement

#000010272922000008 Filed on February 23, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $963.3M $3.502B $798.4M
YoY Change 20.65% 20.94% 16.79%
Cost Of Revenue $741.0M $2.618B $593.8M
YoY Change 24.79% 22.91% 13.62%
Gross Profit $222.3M $883.9M $204.6M
YoY Change 8.65% 15.46% 22.8%
Gross Profit Margin 23.08% 25.24% 25.62%
Selling, General & Admin $165.0M $590.6M $137.2M
YoY Change 20.29% 12.94% 18.48%
% of Gross Profit 74.24% 66.82% 67.06%
Research & Development $37.00M
YoY Change 72.9%
% of Gross Profit 4.19%
Depreciation & Amortization $24.81M $92.58M $21.40M
YoY Change 15.95% 11.68% -2.28%
% of Gross Profit 11.16% 10.47% 10.46%
Operating Expenses $165.0M $627.6M $137.1M
YoY Change 20.37% 15.3% 18.39%
Operating Profit $57.25M $286.8M $67.48M
YoY Change -15.16% 26.92% 32.86%
Interest Expense -$10.48M $42.61M -$8.700M
YoY Change 20.51% 3.74% 11.54%
% of Operating Profit -18.31% 14.86% -12.89%
Other Income/Expense, Net $2.501M -$26.70M $1.700M
YoY Change 47.12% -19.54% 466.67%
Pretax Income $42.77M $260.1M $47.10M
YoY Change -9.19% 34.92% 25.27%
Income Tax $15.09M $61.41M $10.40M
% Of Pretax Income 35.29% 23.61% 22.08%
Net Earnings $26.86M $197.7M $35.80M
YoY Change -24.98% 39.1% 26.06%
Net Earnings / Revenue 2.79% 5.65% 4.48%
Basic Earnings Per Share $9.23 $1.69
Diluted Earnings Per Share $1.248M $9.10 $1.68
COMMON SHARES
Basic Shares Outstanding 21.22M shares 21.19M shares 21.25M shares
Diluted Shares Outstanding 21.49M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $177.2M $177.2M $400.7M
YoY Change -55.77% -55.77% 13.35%
Cash & Equivalents $177.2M $177.2M $400.7M
Short-Term Investments
Other Short-Term Assets $83.65M $83.65M $59.80M
YoY Change 39.88% 39.88% 86.88%
Inventory $728.8M $728.8M $448.9M
Prepaid Expenses
Receivables $714.2M $714.2M $635.2M
Other Receivables $8.815M $8.815M $10.00M
Total Short-Term Assets $1.713B $1.713B $1.555B
YoY Change 10.17% 10.17% 8.55%
LONG-TERM ASSETS
Property, Plant & Equipment $598.6M $751.3M $597.7M
YoY Change 0.15% 11.25% 7.09%
Goodwill $708.6M $430.3M
YoY Change 64.66% 0.34%
Intangibles $175.4M $167.2M
YoY Change 4.89% -4.86%
Long-Term Investments
YoY Change
Other Assets $252.0M $99.29M $203.3M
YoY Change 23.93% -21.01% -4.22%
Total Long-Term Assets $1.734B $1.734B $1.399B
YoY Change 24.02% 24.02% 1.71%
TOTAL ASSETS
Total Short-Term Assets $1.713B $1.713B $1.555B
Total Long-Term Assets $1.734B $1.734B $1.399B
Total Assets $3.447B $3.447B $2.953B
YoY Change 16.73% 16.73% 5.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $347.8M $347.8M $268.1M
YoY Change 29.74% 29.74% 35.43%
Accrued Expenses $108.8M $253.3M $89.80M
YoY Change 21.13% 11.26% 7.24%
Deferred Revenue $135.7M $130.0M
YoY Change 4.41% 10.24%
Short-Term Debt $13.44M $13.44M $35.10M
YoY Change -61.71% -61.71% 61.01%
Long-Term Debt Due $4.884M $4.884M $2.748M
YoY Change 77.73% 80.89% 261.58%
Total Short-Term Liabilities $765.9M $765.9M $673.3M
YoY Change 13.75% 13.75% 31.05%
LONG-TERM LIABILITIES
Long-Term Debt $947.1M $947.1M $728.4M
YoY Change 30.02% 30.02% -4.77%
Other Long-Term Liabilities $89.21M $272.9M $58.66M
YoY Change 52.08% -9.61% 558.77%
Total Long-Term Liabilities $1.036B $1.220B $787.1M
YoY Change 31.66% 18.41% 1.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $765.9M $765.9M $673.3M
Total Long-Term Liabilities $1.036B $1.220B $787.1M
Total Liabilities $1.802B $2.060B $1.460B
YoY Change 23.4% 16.33% 13.42%
SHAREHOLDERS EQUITY
Retained Earnings $2.394B $2.245B
YoY Change 6.65% 3.28%
Common Stock $27.90M $27.90M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $773.7M $781.4M
YoY Change -0.99% 5.04%
Treasury Stock Shares 6.620M shares 6.675M shares
Shareholders Equity $1.387B $1.387B $1.182B
YoY Change
Total Liabilities & Shareholders Equity $3.447B $3.447B $2.953B
YoY Change 16.73% 16.73% 5.2%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $26.86M $197.7M $35.80M
YoY Change -24.98% 39.1% 26.06%
Depreciation, Depletion And Amortization $24.81M $92.58M $21.40M
YoY Change 15.95% 11.68% -2.28%
Cash From Operating Activities $4.109M $65.94M $43.30M
YoY Change -90.51% -79.15% -36.7%
INVESTING ACTIVITIES
Capital Expenditures -$27.28M $107.8M -$35.70M
YoY Change -23.58% 1.02% 40.55%
Acquisitions $312.5M
YoY Change 1870.12%
Other Investing Activities -$564.0K -$1.237M $3.100M
YoY Change -118.19% -140.87% -188.57%
Cash From Investing Activities -$27.84M -$417.3M -$32.60M
YoY Change -14.59% 301.15% 12.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $26.10M
YoY Change -53.8%
Debt Paid & Issued, Net $91.31M
YoY Change -24.95%
Cash From Financing Activities 32.48M $133.5M -63.80M
YoY Change -150.92% -176.83% 291.41%
NET CHANGE
Cash From Operating Activities 4.109M $65.94M 43.30M
Cash From Investing Activities -27.84M -$417.3M -32.60M
Cash From Financing Activities 32.48M $133.5M -63.80M
Net Change In Cash 8.748M -$223.5M -53.10M
YoY Change -116.47% -573.66% -329.87%
FREE CASH FLOW
Cash From Operating Activities $4.109M $65.94M $43.30M
Capital Expenditures -$27.28M $107.8M -$35.70M
Free Cash Flow $31.39M -$41.85M $79.00M
YoY Change -60.27% -119.97% -15.78%

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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2020 us-gaap Profit Loss
ProfitLoss
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CY2020 vmi Other Comprehensive Income Loss Net Investment Hedge Gain Loss Reclassificationafter Tax
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CY2020 vmi Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassificationand Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationandTax
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CY2019 vmi Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassificationand Tax
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CY2019 us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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0 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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0 USD
CY2021 vmi Other Comprehensive Income Loss Cash Flow Hedge Realized Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossAfterReclassificationAndTax
0 USD
CY2020 vmi Other Comprehensive Income Loss Cash Flow Hedge Realized Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossAfterReclassificationAndTax
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CY2019 vmi Other Comprehensive Income Loss Cash Flow Hedge Realized Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossAfterReclassificationAndTax
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CY2021 vmi Other Comprehensive Income Loss Amortization Cost Benefit Included In Interest Expense
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CY2020 vmi Other Comprehensive Income Loss Amortization Cost Benefit Included In Interest Expense
OtherComprehensiveIncomeLossAmortizationCostBenefitIncludedInInterestExpense
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OtherComprehensiveIncomeLossHedgingActivitiesGainlossafterReclassificationandTax
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OtherComprehensiveIncomeLossHedgingActivitiesGainlossafterReclassificationandTax
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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PaymentsToAcquireInterestInSubsidiariesAndAffiliates
1283000 USD
CY2019 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
6169000 USD
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1237000 USD
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3027000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-545000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-417308000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-104029000 USD
CY2019 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
13195000 USD
CY2021 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
26062000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-168150000 USD
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
5821000 USD
CY2020 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
20990000 USD
CY2020 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
7946000 USD
CY2019 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1868000 USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
312485000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
88872000 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
31000000 USD
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
91313000 USD
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
121665000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10768000 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2267000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
41412000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
36930000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
32642000 USD
CY2021 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
CY2020 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5642000 USD
CY2019 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
7737000 USD
CY2021 vmi Payments To Acquire Additional Interest In Subsidiaries Financing Activities
PaymentsToAcquireAdditionalInterestInSubsidiariesFinancingActivities
0 USD
CY2020 vmi Payments To Acquire Additional Interest In Subsidiaries Financing Activities
PaymentsToAcquireAdditionalInterestInSubsidiariesFinancingActivities
59416000 USD
CY2019 vmi Payments To Acquire Additional Interest In Subsidiaries Financing Activities
PaymentsToAcquireAdditionalInterestInSubsidiariesFinancingActivities
27845000 USD
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
23895000 USD
CY2020 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
18961000 USD
CY2019 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
13619000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
26100000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
56491000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
62915000 USD
CY2021 vmi Payments For Repurchase Of Common Treasury Shares Stock Plan Exercises
PaymentsForRepurchaseOfCommonTreasurySharesStockPlanExercises
21547000 USD
CY2020 vmi Payments For Repurchase Of Common Treasury Shares Stock Plan Exercises
PaymentsForRepurchaseOfCommonTreasurySharesStockPlanExercises
14489000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
353542000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5624000 USD
CY2019 vmi Payments For Repurchase Of Common Treasury Shares Stock Plan Exercises
PaymentsForRepurchaseOfCommonTreasurySharesStockPlanExercises
12989000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
133500000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-173756000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-98950000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8675000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-182000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-223494000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
47184000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
40332000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
400726000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
353542000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
313210000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177232000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
400726000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1175738000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
152105000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10429000 USD
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.50
CY2019 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
32503000 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7737000 USD
CY2019 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
27845000 USD
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
491045 shares
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
62915000 USD
CY2019 vmi Treasury Stock Shares Acquired Stock Plan
TreasuryStockSharesAcquiredStockPlan
90868 shares
CY2019 vmi Treasury Stock Value Acquired Stock Plan Cost Method
TreasuryStockValueAcquiredStockPlanCostMethod
12989000 USD
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
119789 shares
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
13619000 USD
CY2019 vmi Stock Issued During Period Value Stock Options Exercised Tax Benefit
StockIssuedDuringPeriodValueStockOptionsExercisedTaxBenefit
2772000 USD
CY2019 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
60021 shares
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
8815000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1189745000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
142149000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5608000 USD
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.80
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
38393000 USD
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5642000 USD
CY2020 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
53611000 USD
CY2020 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
441119 shares
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
56491000 USD
CY2020 vmi Treasury Stock Shares Acquired Stock Plan
TreasuryStockSharesAcquiredStockPlan
88411 shares
CY2020 vmi Treasury Stock Value Acquired Stock Plan Cost Method
TreasuryStockValueAcquiredStockPlanCostMethod
14489000 USD
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
147014 shares
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
18961000 USD
CY2020 vmi Stock Issued During Period Value Stock Options Exercised Tax Benefit
StockIssuedDuringPeriodValueStockOptionsExercisedTaxBenefit
2628000 USD
CY2020 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
65248 shares
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
12246000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1207836000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
197725000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
45540000 USD
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.00
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
42472000 USD
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
111833 shares
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
26100000 USD
CY2021 vmi Treasury Stock Shares Acquired Stock Plan
TreasuryStockSharesAcquiredStockPlan
90292 shares
CY2021 vmi Treasury Stock Value Acquired Stock Plan Cost Method
TreasuryStockValueAcquiredStockPlanCostMethod
21547000 USD
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
169908 shares
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
23895000 USD
CY2021 vmi Stock Issued During Period Value Stock Options Exercised Tax Benefit
StockIssuedDuringPeriodValueStockOptionsExercisedTaxBenefit
2538000 USD
CY2021 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
88395 shares
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
26182000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1413597000 USD
CY2021Q4 us-gaap Bank Overdrafts
BankOverdrafts
19670000 USD
CY2020Q4 us-gaap Bank Overdrafts
BankOverdrafts
16979000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2021 us-gaap Fiscal Period
FiscalPeriod
Fiscal YearThe Company operates on a 52 or 53 week fiscal year with each year ending on the last Saturday in December. Accordingly, the Company’s fiscal years ended December 25, 2021, December 26, 2020 and December 28, 2019 consisted of 52 weeks.
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
15952000 USD
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3379000 USD
CY2021 vmi Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Adjustments
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslationAdjustments
339000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
942000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18050000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
9548000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7957000 USD
CY2020 vmi Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Adjustments
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslationAdjustments
-260000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1813000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
9548000 USD
CY2021 us-gaap Accounts Receivable Sale
AccountsReceivableSale
25400000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
15952000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8277000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2543000 USD
CY2019 vmi Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Adjustments
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslationAdjustments
76000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1196000 USD
CY2021 us-gaap Depreciation
Depreciation
70223000 USD
CY2020 us-gaap Depreciation
Depreciation
63890000 USD
CY2019 us-gaap Depreciation
Depreciation
64177000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
27900000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
165657000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
142643000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
123495000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
213203000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
170919000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
105406000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
74319000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
165657000 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates    Management of the Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities, the reported amounts of revenue and expenses and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with generally accepted accounting principles. Actual results could differ from those estimates.
CY2014Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 USD
CY2014Q2 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P12M
CY2015Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000 USD
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
6475406 shares
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
878138000 USD
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
37000000 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21400000 USD
CY2020 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
146941000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13900000 USD
CY2020 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
2772150000 USD
CY2020 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareDiluted
6.75
CY2021 us-gaap Restructuring Charges
RestructuringCharges
23149000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 us-gaap Interest Paid Net
InterestPaidNet
41159000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
40209000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
39032000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
60366000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
54801000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
43629000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
278107000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
155512000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
63628000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
33632000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
387099000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
259797000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
728834000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
448941000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1422101000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1341380000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
290680000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
178723000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
271042000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
170847000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21320000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18147000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18087000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
10123000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
708566000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
19466000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17692000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
15768000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14301000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
478111000 USD
CY2020 vmi Number Of Trade Names Impaired
NumberOfTradeNamesImpaired
2 tradeName
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
492144000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
61822000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
430322000 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
284253000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-6009000 USD
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
49247000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
428864000 USD
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6138000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
12575000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
7895000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
430322000 USD
CY2021Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
202051000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
169281000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
166108000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
58032000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1486000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
30031000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
13130000 USD
CY2021 vmi Current Federal State Foreign Income Tax Expense Benefit Total
CurrentFederalStateForeignIncomeTaxExpenseBenefitTotal
59566000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
23487000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
33750000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
260083000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
192768000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
199858000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
30431000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
27809000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8891000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8302000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5568000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
20644000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
12730000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4587000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-6086000 USD
CY2020 vmi Current Federal State Foreign Income Tax Expense Benefit Total
CurrentFederalStateForeignIncomeTaxExpenseBenefitTotal
51463000 USD
CY2019 vmi Current Federal State Foreign Income Tax Expense Benefit Total
CurrentFederalStateForeignIncomeTaxExpenseBenefitTotal
46507000 USD
CY2021 vmi Noncurrent Income Tax Expense Benefit Continuing Operations
NoncurrentIncomeTaxExpenseBenefitContinuingOperations
1777000 USD
CY2020 vmi Noncurrent Income Tax Expense Benefit Continuing Operations
NoncurrentIncomeTaxExpenseBenefitContinuingOperations
-451000 USD
CY2019 vmi Noncurrent Income Tax Expense Benefit Continuing Operations
NoncurrentIncomeTaxExpenseBenefitContinuingOperations
-240000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
47000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
558000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-822000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
160000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-5074000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
5511000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1279000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
71000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1397000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.029
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
61414000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
49615000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47753000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.035
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.025
CY2021 vmi Effective Income Tax Rate Reconciliation Carryforwards Credits And Changes In Valuation Allowances
EffectiveIncomeTaxRateReconciliationCarryforwardsCreditsAndChangesInValuationAllowances
-0.015
CY2020 vmi Effective Income Tax Rate Reconciliation Carryforwards Credits And Changes In Valuation Allowances
EffectiveIncomeTaxRateReconciliationCarryforwardsCreditsAndChangesInValuationAllowances
0.016
CY2019 vmi Effective Income Tax Rate Reconciliation Carryforwards Credits And Changes In Valuation Allowances
EffectiveIncomeTaxRateReconciliationCarryforwardsCreditsAndChangesInValuationAllowances
0.010
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.001
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.024
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.024
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.017
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.003
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.007
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.002
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.019
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.012
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.236
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.257
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.239
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1894000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
5102000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
4651000 USD
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
2818000 USD
CY2020Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
0 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
IncomeTaxReconciliationNondeductibleExpenseRestructuringCharges
1100000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
21241000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
17203000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
83690000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
81912000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
134000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
30623000 USD
CY2021Q4 vmi Deferred Tax Assets Tax Deferred Expense Reservesand Accruals Accrued Compensationand Benefits
DeferredTaxAssetsTaxDeferredExpenseReservesandAccrualsAccruedCompensationandBenefits
24302000 USD
CY2020Q4 vmi Deferred Tax Assets Tax Deferred Expense Reservesand Accruals Accrued Compensationand Benefits
DeferredTaxAssetsTaxDeferredExpenseReservesandAccrualsAccruedCompensationandBenefits
23545000 USD
CY2021Q4 vmi Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
41128000 USD
CY2020Q4 vmi Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
23715000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
10893000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
13883000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
184206000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
190881000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
54256000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
44451000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
129950000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
146430000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
37686000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
35701000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
48244000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
43699000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
0 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
5705000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
41128000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
23715000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
5041000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
5248000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
132099000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
114068000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2149000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
32362000 USD
CY2021Q4 vmi Deferred Tax Assets Included In Refundable And Deferred Income Taxes
DeferredTaxAssetsIncludedInRefundableAndDeferredIncomeTaxes
45700000 USD
CY2020Q4 vmi Deferred Tax Assets Included In Refundable And Deferred Income Taxes
DeferredTaxAssetsIncludedInRefundableAndDeferredIncomeTaxes
74051000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
47849000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
41689000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2149000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
32362000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021Q4 vmi Deferred Tax Assets Tax Credit And Net Operating Loss Carryforwards Resulting From Acquisitions
DeferredTaxAssetsTaxCreditAndNetOperatingLossCarryforwardsResultingFromAcquisitions
83690000 USD
CY2020Q4 vmi Deferred Tax Assets Tax Credit And Net Operating Loss Carryforwards Resulting From Acquisitions
DeferredTaxAssetsTaxCreditAndNetOperatingLossCarryforwardsResultingFromAcquisitions
81912000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1864000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2300000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1315000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
6000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
240000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
398000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
183000 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
749000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
650000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2664000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1864000 USD
CY2021Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
406000 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
749000 USD
CY2021 vmi Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations Domestic
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitationsDomestic
592000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
650000 USD
CY2020 vmi Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations Domestic
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitationsDomestic
513000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1758000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
845000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4324000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2547000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7189000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7505000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
951956000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
731179000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4884000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2748000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
947072000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
728431000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4884000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
601000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
179000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
20000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
218897000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
266739 shares
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 vmi Schedule Of Share Based Compensation Nonvested Stock And Restricted Stock Unit Activity Table Textblock
ScheduleOfShareBasedCompensationNonvestedStockAndRestrictedStockUnitActivityTableTextblock
During fiscal 2021, 2020 and 2019, the Company granted restricted stock units to directors and certain management employees as follows (which are not included in the above stock plan activity tables):<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.050%"><tr><td style="width:1.0%"/><td style="width:71.848%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.410%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.559%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.410%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.559%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.414%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2019</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shares granted</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">216,971 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">85,251 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">78,318 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted‑average per share price on grant date</span></div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">236.28 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">161.73 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">145.89 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Recognized compensation expense</span></div></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,147 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,081 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,815 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><div style="margin-bottom:12pt;margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the second half of 2021, the Company granted 159,982 restricted shares, worth $36,916, to certain employees of Prospera. These restricted shares vest in equal installments over <span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOjU5OWZjNjVmYTJhMDQ4MmViOGFkZDYyMzM4MGI4MTRhL3NlYzo1OTlmYzY1ZmEyYTA0ODJlYjhhZGQ2MjMzODBiODE0YV8xMzYvZnJhZzo1MmUwNzZiZWRkMzU0ZGM0Yjg1NTE0Mjg4OGRiOWFmMy90ZXh0cmVnaW9uOjUyZTA3NmJlZGQzNTRkYzRiODU1MTQyODg4ZGI5YWYzXzE3MDQyNDMwMjM2NTYy_3681c158-d993-4466-9062-2c1cd34c02ff">four</span> years, and require the employees to continue employment over those four years. As such, the related compensation expense will be incurred over the vesting period. </span></div><div style="margin-bottom:12pt;margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At December 25, 2021 the amount of deferred stock‑based compensation granted, to be recognized over a weighted‑average period of 3.21 years, was approximately $55,838.</span></div>
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2021-12-25
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CY2021 dei Document Period End Date
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CY2021 dei Document Period End Date
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CY2021 dei Document Period End Date
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0.0140
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0.0205
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550000 USD
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CY2020Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
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0.0140
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0.0270
CY2020Q4 vmi Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Consumer Price Index Inflation Rate
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0.0115
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0396
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0418
CY2021 vmi Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Consumer Price Index Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostConsumerPriceIndexInflationRate
0.0200
CY2020 vmi Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Consumer Price Index Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostConsumerPriceIndexInflationRate
0.0215
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
25455000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
26260000 USD
CY2021Q4 vmi Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years After Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsAfterYearFour
144400000 USD
CY2021 vmi Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Retail Price Index Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRetailPriceIndexInflationRate
0.0290
CY2020 vmi Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Retail Price Index Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRetailPriceIndexInflationRate
0.0305
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0396
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
17765000 USD
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
13100000 GBP
CY2021 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
1763000 USD
CY2021 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
1300000 GBP
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
23045000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
23850000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
24650000 USD
CY2021 vmi Defined Benefit Plan Weighted Average Maturity Period Of Debt Portfolio
DefinedBenefitPlanWeightedAverageMaturityPeriodOfDebtPortfolio
P13Y
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
80202000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
164513000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
94860000 USD
CY2021 vmi Other Nonoperating Income Expense Including Gain Losson Investments
OtherNonoperatingIncomeExpenseIncludingGainLossonInvestments
14718000 USD
CY2020 vmi Other Nonoperating Income Expense Including Gain Losson Investments
OtherNonoperatingIncomeExpenseIncludingGainLossonInvestments
5516000 USD
CY2019 vmi Other Nonoperating Income Expense Including Gain Losson Investments
OtherNonoperatingIncomeExpenseIncludingGainLossonInvestments
8164000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
260083000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
192768000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
199858000 USD
CY2021Q4 us-gaap Assets
Assets
3447249000 USD
CY2020Q4 us-gaap Assets
Assets
2953160000 USD
CY2019Q4 us-gaap Assets
Assets
2807216000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
23217000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19087000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
16066000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
15148000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
13531000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
148326000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
235375000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
70862000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
164513000 USD
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
761170000 USD
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
741650000 USD
CY2021Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P10Y
CY2021 us-gaap Lease Cost
LeaseCost
27421000 USD
CY2020 us-gaap Lease Cost
LeaseCost
23976000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
27793000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
25390000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
86481000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6131000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
107790000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3501575000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2895355000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2766976000 USD
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
286785000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
225953000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
227905000 USD
CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-41420000 USD
CY2020 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-38701000 USD
CY2019 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-36211000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
3600000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P17Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.035
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1500000 USD
CY2020 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
12063000 USD
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-25
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-25
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
152664000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
77566000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16754000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14658000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
147759000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
106700000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
97425000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
92577000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82892000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82264000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3501575000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2895355000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2766976000 USD
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1734486000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1398535000 USD
CY2019Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1374992000 USD

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