2024 Q1 Form 10-K Financial Statement

#000010272924000013 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $977.8M $1.016B $4.175B
YoY Change -10.25% -3.93%
Cost Of Revenue $671.6M $732.6M $2.939B
YoY Change -12.01% -8.71%
Gross Profit $306.2M $282.9M $1.236B
YoY Change -5.36% 9.75%
Gross Profit Margin 31.32% 27.86% 29.61%
Selling, General & Admin $174.7M $188.4M $768.4M
YoY Change -0.47% 10.89%
% of Gross Profit 57.04% 66.57% 62.17%
Research & Development $55.00M
YoY Change 19.57%
% of Gross Profit 4.45%
Depreciation & Amortization $23.54M $25.07M $98.71M
YoY Change 2.9% 1.59%
% of Gross Profit 7.69% 8.86% 7.99%
Operating Expenses $174.7M $219.4M $823.4M
YoY Change 15.93% 11.43%
Operating Profit $131.6M $63.55M $291.6M
YoY Change -42.08% -32.7%
Interest Expense -$13.01M -$11.89M $56.81M
YoY Change 4.96% 19.51%
% of Operating Profit -9.89% -18.71% 19.48%
Other Income/Expense, Net -$105.0K -$6.492M -$55.11M
YoY Change -252.11% -20.55%
Pretax Income $118.4M $45.17M $195.5M
YoY Change -34.9% -46.28%
Income Tax $29.99M $10.88M $90.12M
% Of Pretax Income 25.32% 24.09% 46.1%
Net Earnings $87.82M $28.59M $150.8M
YoY Change -29.12% -40.67%
Net Earnings / Revenue 8.98% 2.81% 3.61%
Basic Earnings Per Share $4.35 $6.85
Diluted Earnings Per Share $4.32 $1.38 $6.78
COMMON SHARES
Basic Shares Outstanding 20.22M 20.89M 20.96M
Diluted Shares Outstanding 20.32M 21.16M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $169.2M $203.0M $203.0M
YoY Change 9.51% 9.51%
Cash & Equivalents $169.2M $203.0M $203.0M
Short-Term Investments
Other Short-Term Assets $91.11M $91.75M $91.75M
YoY Change 4.63% 4.63%
Inventory $668.7M $658.4M $658.4M
Prepaid Expenses
Receivables $850.5M $60.00M $833.7M
Other Receivables $0.00 $725.0K $725.0K
Total Short-Term Assets $1.780B $1.788B $1.788B
YoY Change 0.4% 0.4%
LONG-TERM ASSETS
Property, Plant & Equipment $608.4M $617.4M $617.4M
YoY Change 3.66% -18.6%
Goodwill $629.9M $633.0M
YoY Change -14.45%
Intangibles $145.8M $150.7M
YoY Change -14.68%
Long-Term Investments
YoY Change
Other Assets $1.077B $273.4M $1.072B
YoY Change 13.84% 957.34%
Total Long-Term Assets $1.686B $1.690B $1.690B
YoY Change -4.87% -4.87%
TOTAL ASSETS
Total Short-Term Assets $1.780B $1.788B $1.788B
Total Long-Term Assets $1.686B $1.690B $1.690B
Total Assets $3.465B $3.477B $3.477B
YoY Change -2.24% -2.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $327.4M $358.3M $358.3M
YoY Change -0.56% -0.56%
Accrued Expenses $238.3M $146.9M $277.8M
YoY Change 18.5% 11.86%
Deferred Revenue $84.04M $70.98M
YoY Change -58.95%
Short-Term Debt $2.029M $3.205M $3.205M
YoY Change -45.18% -45.18%
Long-Term Debt Due $620.0K $719.0K $719.0K
YoY Change -39.78% -39.78%
Total Short-Term Liabilities $674.8M $723.1M $723.1M
YoY Change -10.06% -10.06%
LONG-TERM LIABILITIES
Long-Term Debt $1.108B $1.108B $1.108B
YoY Change 27.21% 27.21%
Other Long-Term Liabilities $228.6M $12.82M $229.4M
YoY Change -4.91% 15.12%
Total Long-Term Liabilities $1.336B $1.121B $1.337B
YoY Change 26.72% 24.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $674.8M $723.1M $723.1M
Total Long-Term Liabilities $1.336B $1.121B $1.337B
Total Liabilities $2.056B $2.060B $2.123B
YoY Change 22.03% 7.44%
SHAREHOLDERS EQUITY
Retained Earnings $2.719B $2.644B
YoY Change 1.95%
Common Stock $27.90M $27.90M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.409B $1.354B $1.354B
YoY Change
Total Liabilities & Shareholders Equity $3.465B $3.477B $3.477B
YoY Change -2.24% -2.24%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $87.82M $28.59M $150.8M
YoY Change -29.12% -40.67%
Depreciation, Depletion And Amortization $23.54M $25.07M $98.71M
YoY Change 2.9% 1.59%
Cash From Operating Activities $23.33M $115.9M $306.8M
YoY Change -18.68% -5.97%
INVESTING ACTIVITIES
Capital Expenditures $15.01M $25.54M $96.77M
YoY Change -2.4% 3.73%
Acquisitions $32.68M
YoY Change -16.83%
Other Investing Activities -$3.629M -$477.0K $1.381M
YoY Change -189.66% 27.05%
Cash From Investing Activities -$18.64M -$26.02M -$115.3M
YoY Change 1.49% -12.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $345.3M
YoY Change 753.09%
Debt Paid & Issued, Net $175.0K $134.7M
YoY Change -59.94%
Cash From Financing Activities -34.83M -64.91M -176.4M
YoY Change -36.83% -3.02%
NET CHANGE
Cash From Operating Activities 23.33M 115.9M 306.8M
Cash From Investing Activities -18.64M -26.02M -115.3M
Cash From Financing Activities -34.83M -64.91M -176.4M
Net Change In Cash -30.14M 24.98M 17.64M
YoY Change 76.61% 115.75%
FREE CASH FLOW
Cash From Operating Activities $23.33M $115.9M $306.8M
Capital Expenditures $15.01M $25.54M $96.77M
Free Cash Flow $8.322M $90.37M $210.0M
YoY Change -22.35% -9.86%

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CY2023 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1282706
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
348121000
CY2023 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
26304000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1354280000
CY2023 us-gaap Fiscal Period
FiscalPeriod
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><i style="font-style:italic;">Fiscal Year</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company operates on a 52 or 53 week fiscal year with each fiscal year ending on the last Saturday in December. Accordingly, the Company’s fiscal year ended December 30, 2023 consisted of 52 weeks, the Company’s fiscal year ended December 31, 2022 consisted of 53 weeks, and the Company’s fiscal year ended December 25, 2021 consisted of 52 weeks. The estimated impact on the Company's results of operations due to the additional week in the fiscal year ended December 31, 2022 was additional net sales of approximately $80,800 and additional net earnings of approximately $5,300.</p>
CY2021 vmi Length Of Fiscal Year
LengthOfFiscalYear
P364D
CY2023 vmi Length Of Fiscal Year
LengthOfFiscalYear
P364D
CY2022 vmi Length Of Fiscal Year53 Weeks
LengthOfFiscalYear53Weeks
P371D
CY2022 vmi Length Of Fiscal Year53 Weeks
LengthOfFiscalYear53Weeks
P371D
CY2023 vmi Length Of Fiscal Year
LengthOfFiscalYear
P364D
CY2022 vmi Length Of Fiscal Year53 Weeks
LengthOfFiscalYear53Weeks
P371D
CY2021 vmi Length Of Fiscal Year
LengthOfFiscalYear
P364D
CY2023 vmi Length Of Fiscal Year
LengthOfFiscalYear
P364D
CY2022 vmi Additional Net Sales Due To Extra Week Of Operation
AdditionalNetSalesDueToExtraWeekOfOperation
80800000
CY2022 vmi Additional Net Earnings Loss Due To Extra Week Of Operation
AdditionalNetEarningsLossDueToExtraWeekOfOperation
5300000
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023Q4 us-gaap Bank Overdrafts
BankOverdrafts
19869000
CY2022Q4 us-gaap Bank Overdrafts
BankOverdrafts
25075000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
20890000
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17657000
CY2023 vmi Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Adjustments
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslationAdjustments
-911000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
6561000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
32897000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18050000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4237000
CY2022 vmi Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Adjustments
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslationAdjustments
522000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
875000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
20890000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
15952000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3379000
CY2021 vmi Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Adjustments
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslationAdjustments
339000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
942000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18050000
CY2023Q4 us-gaap Trade Receivables Held For Sale Amount
TradeReceivablesHeldForSaleAmount
60000000
CY2022Q4 us-gaap Trade Receivables Held For Sale Amount
TradeReceivablesHeldForSaleAmount
100000000
CY2023 vmi Trade Receivable Held For Sale Fees
TradeReceivableHeldForSaleFees
4500000
CY2023 us-gaap Depreciation
Depreciation
78138000
CY2022 us-gaap Depreciation
Depreciation
73938000
CY2021 us-gaap Depreciation
Depreciation
70223000
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
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21415000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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-236690000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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-260799000
CY2023Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
20989000
CY2022Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
20099000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
57535000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
34209000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-273236000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-274909000
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
175721000
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
174539000
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
162182000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
96373000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;margin:12pt 0pt 12pt 36pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">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 the Consolidated Financial Statements in conformity with generally accepted accounting principles. Actual results could differ from those estimates.</p>
CY2014Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000
CY2014Q2 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P12M
CY2015Q1 vmi Stock Repurchase Program Additional Shares Authorized To Be Repurchased Amount
StockRepurchaseProgramAdditionalSharesAuthorizedToBeRepurchasedAmount
250000000
CY2018Q4 vmi Stock Repurchase Program Additional Shares Authorized To Be Repurchased Amount
StockRepurchaseProgramAdditionalSharesAuthorizedToBeRepurchasedAmount
250000000
CY2023Q1 vmi Stock Repurchase Program Additional Shares Authorized To Be Repurchased Amount
StockRepurchaseProgramAdditionalSharesAuthorizedToBeRepurchasedAmount
400000000
CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1400000000
CY2014Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7895724
CY2014Q2 us-gaap Treasury Stock Carrying Basis
TreasuryStockCarryingBasis
1263900000
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
55000000
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
46000000
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
37000000
CY2023Q4 vmi Supplier Finance Program Confirmed Obligations Outstanding
SupplierFinanceProgramConfirmedObligationsOutstanding
41916000
CY2022Q4 vmi Supplier Finance Program Confirmed Obligations Outstanding
SupplierFinanceProgramConfirmedObligationsOutstanding
48880000
CY2022Q4 vmi Supplier Finance Program Confirmed Obligations Outstanding
SupplierFinanceProgramConfirmedObligationsOutstanding
48880000
CY2023 vmi Supplier Finance Program Confirmed Obligations Invoices Confirmed
SupplierFinanceProgramConfirmedObligationsInvoicesConfirmed
264051000
CY2023 vmi Supplier Finance Program Confirmed Obligations Confirmed Invoices Paid
SupplierFinanceProgramConfirmedObligationsConfirmedInvoicesPaid
271015000
CY2023Q4 vmi Supplier Finance Program Confirmed Obligations Outstanding
SupplierFinanceProgramConfirmedObligationsOutstanding
41916000
CY2023 vmi Minority Interest Policy Textblock
MinorityInterestPolicyTextblock
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:12pt 0pt 12pt 0pt;"><i style="font-style:italic;">Redeemable Noncontrolling Interests</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Subsequent to the issuance of the Company’s Consolidated Financial Statements as of and for the year ended December 31, 2022, the Company identified an error in the presentation of “Noncontrolling interests in consolidated subsidiaries” of $60,865 as of <span style="-sec-ix-hidden:Hidden_rYgOgwncek2-1MsBHj4MFg;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">December 31, 2022</span></span>, $26,750 as of <span style="-sec-ix-hidden:Hidden_zUM5PHLiikOMx_V2hDw2cg;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">December 25, 2021</span></span>, and $25,774 as of <span style="-sec-ix-hidden:Hidden_aQd9SSj6aEKiAKHQNPnfKQ;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">December 26, 2020</span></span>, that has been corrected in the current year. Such amounts were previously reported within “Total shareholders’ equity” and have been revised in the December 31, 2022 Consolidated Balance Sheets and the Consolidated Statements of Shareholders’ Equity and Redeemable Noncontrolling Interests to be presented as “Redeemable noncontrolling interests” outside of “Total shareholders’ equity”. We have evaluated the materiality of this error based on an analysis of quantitative and qualitative factors and concluded it was not material to the prior period financial statements, individually or in aggregate.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Noncontrolling interests with redemption features that are not solely within the Company’s control are considered redeemable noncontrolling interests. The Company has redeemable noncontrolling interests in certain entities. The seller can require the Company to purchase their remaining ownership, known as a put right, for an amount and on a date specified in the applicable operating agreement. Likewise, the Company can require the seller to sell the Company their remaining ownership based on the same amount and timing, known as a call option.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">As a result of these redemption features, the Company records the noncontrolling interests as redeemable and classifies the balances in temporary equity in the Consolidated Balance Sheets initially at its acquisition-date fair value. The Company adjusts the redeemable noncontrolling interests each reporting period for the net income (loss) attributable to the noncontrolling interests and any redemption value adjustments. The redeemable noncontrolling interest is accreted to the future redemption value using the effective interest method up to the date on which the put right becomes effective. Any accretion adjustment in the current reporting period of the redeemable noncontrolling interest is offset against retained earnings and impacts earnings used in the calculation of earnings per share in the reporting period.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">As of December 30, 2023 and December 31, 2022, the redeemable noncontrolling interests were $62,792 and $60,865, respectively. The ultimate amount paid for the redeemable noncontrolling interests could be significantly different because the redemption amounts depend on the future results of operations of the businesses.</p>
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
62792000
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
60865000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
55541000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
46653000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
41159000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
103697000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
93109000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
60366000
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
787328000
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
47467000
CY2022Q4 us-gaap Goodwill
Goodwill
739861000
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
9177000
CY2023 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
160000
CY2023Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
217134000
CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
258814000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
37826000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
44453000
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
403468000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
425495000
CY2023Q4 us-gaap Inventory Net
InventoryNet
658428000
CY2022Q4 us-gaap Inventory Net
InventoryNet
728762000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1513239000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1433151000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
121915000
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
6001000
CY2023Q4 us-gaap Goodwill
Goodwill
632964000
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
756033000
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
47467000
CY2021Q4 us-gaap Goodwill
Goodwill
708566000
CY2022 us-gaap Goodwill Acquired During Period
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42465000
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-11170000
CY2022Q4 us-gaap Goodwill
Goodwill
739861000
CY2023Q3 vmi Number Of Reporting Units Impaired For Goodwill
NumberOfReportingUnitsImpairedForGoodwill
2
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359570000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
208883000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
346217000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
169602000
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P4Y
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19455000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22120000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21320000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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11158000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
224370000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
202051000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
40961000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
139518000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
58032000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
236452000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
363888000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
260083000
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
42226000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
48309000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
30031000
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8480000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
11888000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8891000
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
56107000
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
48273000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
20644000
CY2023 vmi Current Federal State Foreign Income Tax Expense Benefit Total
CurrentFederalStateForeignIncomeTaxExpenseBenefitTotal
106813000
CY2022 vmi Current Federal State Foreign Income Tax Expense Benefit Total
CurrentFederalStateForeignIncomeTaxExpenseBenefitTotal
108470000
CY2021 vmi Current Federal State Foreign Income Tax Expense Benefit Total
CurrentFederalStateForeignIncomeTaxExpenseBenefitTotal
59566000
CY2023 vmi Noncurrent Income Tax Expense Benefit Continuing Operations
NoncurrentIncomeTaxExpenseBenefitContinuingOperations
1957000
CY2022 vmi Noncurrent Income Tax Expense Benefit Continuing Operations
NoncurrentIncomeTaxExpenseBenefitContinuingOperations
1442000
CY2021 vmi Noncurrent Income Tax Expense Benefit Continuing Operations
NoncurrentIncomeTaxExpenseBenefitContinuingOperations
1777000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-7544000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4587000
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
558000
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3478000
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
8292000
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-5074000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-18649000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1225000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
71000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
90121000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
108687000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
61414000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.023
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.029
CY2023 vmi Effective Income Tax Rate Reconciliation Carryforwards Credits And Changes In Valuation Allowances
EffectiveIncomeTaxRateReconciliationCarryforwardsCreditsAndChangesInValuationAllowances
0.024
CY2022 vmi Effective Income Tax Rate Reconciliation Carryforwards Credits And Changes In Valuation Allowances
EffectiveIncomeTaxRateReconciliationCarryforwardsCreditsAndChangesInValuationAllowances
-0.010
CY2021 vmi Effective Income Tax Rate Reconciliation Carryforwards Credits And Changes In Valuation Allowances
EffectiveIncomeTaxRateReconciliationCarryforwardsCreditsAndChangesInValuationAllowances
-0.015
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.046
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.042
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.001
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.003
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.119
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.011
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.005
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.007
CY2022 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0.022
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.007
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.016
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.031
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.381
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.299
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.236
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
28079000
CY2022 vmi Disposal Group Not Discontinued Operation Tax Effect On Disposal
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36883000
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23880000
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190153000
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159760000
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42299000
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52017000
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12260000
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33465000
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32517000
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2536000
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442000
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6645000
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6918000
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1194000
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1107885000
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870935000
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719000
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599000
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378554000
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43000
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0
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1513652
CY2023 vmi Schedule Of Share Based Compensation Nonvested Stock And Restricted Stock Unit Activity Table Textblock
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During the fiscal years ended December 30, 2023, December 31, 2022, and December 25, 2021, 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):<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:80%;"><tr style="height:1pt;"><td style="vertical-align:middle;white-space:nowrap;width:49.4%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.95%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:12.2%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:2.8%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:12.2%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:2.8%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:12.16%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:49.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.95%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="8" style="vertical-align:middle;white-space:nowrap;width:47.64%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">Fiscal Year Ended</b></p></td></tr><tr><td style="vertical-align:bottom;width:49.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.95%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:14.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">December 30,</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.8%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:14.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">December 31,</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.8%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-family:'Arial','Helvetica','sans-serif';visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:13.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">December 25,</b></p></td></tr><tr><td style="vertical-align:bottom;width:49.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.95%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:14.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">2023</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.8%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:14.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">2022</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.8%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:13.98%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">2021</b></p></td></tr><tr><td style="vertical-align:middle;white-space:nowrap;width:49.4%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 6pt;">Restricted stock units granted</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.95%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:middle;white-space:nowrap;width:1.82%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:12.2%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 67,723</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.8%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:middle;white-space:nowrap;width:1.82%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:12.2%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 60,901</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.8%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:middle;white-space:nowrap;width:1.82%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:12.16%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 216,971</p></td></tr><tr><td style="vertical-align:middle;white-space:nowrap;width:49.4%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 6pt;">Weighted‑average per share price on grant date</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.95%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 233.96</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.8%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 313.75</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.8%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.16%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 236.28</p></td></tr><tr><td style="vertical-align:middle;white-space:nowrap;width:49.4%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 6pt;">Recognized compensation expense</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.95%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.82%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.2%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 22,478</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.8%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.82%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.2%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 22,664</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.8%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.82%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.16%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 16,147</p></td></tr></table>
CY2023 us-gaap Net Income Loss
NetIncomeLoss
150849000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
250863000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
195630000
CY2023 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-7374000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
143475000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
250863000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
195630000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20956000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21311000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21193000
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
203000
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
269000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21159000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21580000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21493000
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.85
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
11.77
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.23
CY2023 vmi Earnings Per Share Dilutive Securities Stock Options Per Share
EarningsPerShareDilutiveSecuritiesStockOptionsPerShare
-0.07
CY2022 vmi Earnings Per Share Dilutive Securities Stock Options Per Share
EarningsPerShareDilutiveSecuritiesStockOptionsPerShare
-0.15
CY2021 vmi Earnings Per Share Dilutive Securities Stock Options Per Share
EarningsPerShareDilutiveSecuritiesStockOptionsPerShare
-0.13
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.78
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.62
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.10
CY2023 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
136457000
CY2023 us-gaap Impairment Effect On Earnings Per Share After Tax
ImpairmentEffectOnEarningsPerShareAfterTax
6.45
CY2023 vmi Realignment Charges Net Of Tax
RealignmentChargesNetOfTax
26490000
CY2023 vmi Restructuring Charges Effect On Earnings Per Share
RestructuringChargesEffectOnEarningsPerShare
1.25
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
127774
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
40564
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
47223
CY2023 vmi Defined Contribution Plan Employee Contribution Limit Percentage Of Compensation
DefinedContributionPlanEmployeeContributionLimitPercentageOfCompensation
0.60
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
20000000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
18300000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
16000000
CY2023Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
26803000
CY2022Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
25008000
CY2023 us-gaap Deferred Compensation Arrangement With Individual Distribution Paid
DeferredCompensationArrangementWithIndividualDistributionPaid
5476000
CY2022 us-gaap Deferred Compensation Arrangement With Individual Distribution Paid
DeferredCompensationArrangementWithIndividualDistributionPaid
4691000
CY2023Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
2860000
CY2022Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
1404000
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-5131000
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2381000
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
28497000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
19773000
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
21308000
CY2023 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
17072000
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
10569000
CY2023 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
24096000
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
12866000
CY2023 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-4363000
CY2022 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-3832000
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
22434000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
19773000
CY2023 vmi Defined Benefit Plan Percentage Of Salary Retirement Benefits
DefinedBenefitPlanPercentageOfSalaryRetirementBenefits
0.0167
CY2023 vmi Defined Benefit Plan Age For Retirement Benefits
DefinedBenefitPlanAgeForRetirementBenefits
P65Y
CY2023 vmi Active Members Of Defined Benefit Retirement Plan
ActiveMembersOfDefinedBenefitRetirementPlan
0
CY2023Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.273
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.209
CY2023Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
477763000
CY2023Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
15404000
CY2023Q4 vmi Defined Benefit Plan Accumulated Other Comprehensive Income Currency Translation Gain Loss Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeCurrencyTranslationGainLossBeforeTax
-3667000
CY2023Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
-89151000
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
435711000
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
459927000
CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
24216000
CY2023 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
17345000
CY2023 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
21555000
CY2023 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
10966000
CY2023 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
20683000
CY2023 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
20683000
CY2023 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-17692000
CY2023 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
23488000
CY2023 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
25612000
CY2023Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
477763000
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
493167000
CY2023Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
15404000
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0480
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0450
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
761706000
CY2021Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
761170000
CY2021Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-536000
CY2022 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
17155000
CY2022 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
12551000
CY2022 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
-228493000
CY2022 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
20175000
CY2022 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
20175000
CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
248252000
CY2022 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
-70119000
CY2022 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
-69730000
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
435711000
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
459927000
CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
24216000
CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0190
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0480
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
-60940000
CY2022Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-2915000
CY2022Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
493000
CY2022Q4 vmi Defined Benefit Plan Accumulated Other Comprehensive Income Currency Translation Gain Loss Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeCurrencyTranslationGainLossBeforeTax
5451000
CY2022Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
-57911000
CY2023Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-28071000
CY2023Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
498000
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0450
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0480
CY2023Q4 vmi Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Consumer Price Index Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationConsumerPriceIndexInflationRate
0.0225
CY2022Q4 vmi Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Consumer Price Index Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationConsumerPriceIndexInflationRate
0.0235
CY2023Q4 vmi Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Retail Prices Index Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRetailPricesIndexInflationRate
0.0305
CY2022Q4 vmi Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Retail Prices Index Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRetailPricesIndexInflationRate
0.0325
CY2023 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
21555000
CY2022 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
12551000
CY2023 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
21804000
CY2022 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
23131000
CY2023 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
498000
CY2022 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
493000
CY2023 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
249000
CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-10087000
CY2023 vmi Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Obligations Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitObligationsDiscountRate
0.0480
CY2022 vmi Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Obligations Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitObligationsDiscountRate
0.0190
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0490
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0180
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0485
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0348
CY2023 vmi Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Consumer Price Index Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostConsumerPriceIndexInflationRate
0.0235
CY2022 vmi Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Consumer Price Index Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostConsumerPriceIndexInflationRate
0.0270
CY2023 vmi Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Retail Price Index Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRetailPriceIndexInflationRate
0.0325
CY2022 vmi Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Retail Price Index Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRetailPriceIndexInflationRate
0.0330
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0348
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0485
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
16700000
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
13100000
CY2023 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
1700000
CY2023 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
1300000
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
21641000
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
22278000
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
23042000
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
23678000
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
24442000
CY2023Q4 vmi Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years After Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsAfterYearFour
133540000
CY2023 vmi Defined Benefit Plan Weighted Average Maturity Period Of Debt Portfolio
DefinedBenefitPlanWeightedAverageMaturityPeriodOfDebtPortfolio
P13Y
CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
493167000
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
459927000
CY2023Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P10Y
CY2023 us-gaap Lease Cost
LeaseCost
33714000
CY2022 us-gaap Lease Cost
LeaseCost
31062000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
34967000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
33150000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
25688000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
27480000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P16Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P17Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1900000
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
4800000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
171616000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
162930000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19553000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16857000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
162743000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
155469000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
182296000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
172326000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
27924000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
26507000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
22613000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
17288000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
15384000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
140573000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
250289000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
67993000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
182296000
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4174598000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4345250000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3501575000
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
291557000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
433249000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
286785000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4174598000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4174598000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4345250000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4345250000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3501575000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3501575000
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
291557000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
433249000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
286785000
CY2023 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-50578000
CY2022 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-45519000
CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-41420000
CY2023 vmi Other Nonoperating Income Expense Including Gain Losson Investments
OtherNonoperatingIncomeExpenseIncludingGainLossonInvestments
-4527000
CY2022 vmi Other Nonoperating Income Expense Including Gain Losson Investments
OtherNonoperatingIncomeExpenseIncludingGainLossonInvestments
-23842000
CY2021 vmi Other Nonoperating Income Expense Including Gain Losson Investments
OtherNonoperatingIncomeExpenseIncludingGainLossonInvestments
14718000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
236452000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
363888000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
260083000
CY2023Q4 us-gaap Assets
Assets
3477448000
CY2022Q4 us-gaap Assets
Assets
3556996000
CY2021Q4 us-gaap Assets
Assets
3447249000
CY2023 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
96771000
CY2022 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
93288000
CY2021 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
107790000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
98708000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
97167000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
92577000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4174598000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4345250000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3501575000
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1689819000
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1776411000
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1734486000
CY2023 dei Auditor Firm
AuditorFirmId
34

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vmi-20231230.xsd Edgar Link pending
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vmi-20231230x10k_htm.xml Edgar Link completed