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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jun. 26, 2010
Jul. 02, 2011
Jun. 26, 2010
CONSOLIDATED STATEMENTS OF INCOME [Abstract]        
Net sales $ 652,923 $ 540,388 $ 1,340,604 $ 1,025,656
Cost of goods sold 573,877 466,645 1,163,751 879,693
Depreciation and amortization 9,166 10,090 18,865 20,438
Selling, general, and administrative expense 33,330 33,468 68,699 70,791
Insurance settlement 0 (1,210) 0 21,296
Litigation settlement 0 0 (10,500) 0
Operating income 36,550 28,975 99,789 76,030
Interest expense (2,834) (2,964) (6,182) (5,496)
Other income (expense), net 264 (2,518) 1,323 (2,378)
Income before income taxes 33,980 23,493 94,930 68,156
Income tax expense (11,249) (7,456) (31,657) (17,320)
Consolidated net income 22,731 16,037 63,273 50,836
Net income attributable to noncontrolling interest (400) (479) (355) (1,320)
Net income attributable to Mueller Industries, Inc. $ 22,331 $ 15,558 $ 62,918 $ 49,516
Weighted average shares for basic earnings per share 37,737 37,674 37,730 37,631
Effect of dilutive stock-based awards 356 43 309 69
Adjusted weighted average shares for diluted earnings per share 38,093 37,717 38,039 37,700
Basic earnings per share $ 0.59 $ 0.41 $ 1.67 $ 1.32
Diluted earnings per share $ 0.59 $ 0.41 $ 1.65 $ 1.31
Dividends per share $ 0.10 $ 0.10 $ 0.20 $ 0.20