XML 30 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2011
Quarterly Financial Information (Unaudited) [Abstract]  
Quarterly Financial Information (Unaudited)
  First    Second  Third  Fourth 
 (In thousands, except per share data) Quarter    Quarter  Quarter  Quarter 
               
 2011              
 Net sales
 $687,681    $652,923  $585,809  $491,384 
 Gross profit (1)
  97,807     79,046   61,825   63,442 
 Consolidated net income
  40,542  (2)  22,731   10,741   13,072 
 Net income attributable to Mueller Industries, Inc.
  40,587     22,331   10,475   12,928 
 Basic earnings per share
  1.08     0.59   0.28   0.34 
 Diluted earnings per share
  1.07     0.59   0.27   0.34 
 Dividends per share
  0.10     0.10   0.10   0.10 
                    
 2010
                  
 Net sales
 $485,268    $540,388  $507,240  $526,901 
 Gross profit (1)
  72,220     73,743   69,643   69,380 
 Consolidated net income
  34,799  (3)  16,037   18,747   17,952 
 Net income attributable to Mueller Industries, Inc.
  33,958     15,558   18,909   17,746 
 Basic earnings per share
  0.90     0.41   0.50   0.47 
 Diluted earnings per share
  0.90     0.41   0.50   0.47 
 Dividends per share
  0.10     0.10   0.10   0.10 
 
 (1) Gross profit is net sales less cost of goods sold, which excludes depreciation and amortization. 
  
 (2) First quarter of 2011 includes gain from litigation settlement of $6.8 million after tax. 
  
 (3) First quarter of 2010 includes gain from insurance settlement of $23.3 million after tax.