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Comprehensive Income
9 Months Ended
Oct. 01, 2011
Comprehensive Income [Abstract] 
Comprehensive Income
Note 6 – Comprehensive Income

Comprehensive income is as follows:

   
For the Quarter Ended
   
For the Nine Months Ended
 
   
October 1,
2011
   
September 25, 2010
   
October 1,
2011
   
September 25, 2010
 
(In thousands)
    
                     
Consolidated net income
 
$
10,741
   
$
18,747
   
$
74,014
   
$
69,583
 
                                 
Other comprehensive (loss) income, net of tax:
                               
Foreign currency translation
   
(6,389
)
   
5,801
     
1,859
     
567
 
Net change with respect to derivative instruments and hedging activities
   
(3,176
)
   
333
     
(3,409
)
   
143
 
Other, net
   
535
     
(217
)
   
967
     
1,545
 
                                 
Total other comprehensive (loss) income
   
(9,030
)
   
5,917
     
(583
)
   
2,255
 
                                 
Comprehensive income
   
1,711
     
24,664
     
73,431
     
71,838
 
Comprehensive income attributable to noncontrolling interest
   
(737
)
   
(34
)
   
(1,706
)
   
(1,309
)
                                 
Comprehensive income attributable to Mueller Industries, Inc.
 
$
974
   
$
24,630
   
$
71,725
   
$
70,529
 
                                 

The change in foreign currency translation primarily relates to the Company’s investment in foreign subsidiaries and fluctuations in exchange rates between their local currencies and the U.S. dollar.  During the third quarter of 2011, the values of the British pound sterling and Mexican peso decreased approximately 3.1 percent and 12.9 percent, respectively, relative to the U.S. dollar.