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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Jun. 30, 2012
Jul. 02, 2011
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Net sales $ 594,099 $ 652,923 $ 1,171,767 $ 1,340,604
Cost of goods sold 522,851 573,877 1,016,026 1,163,751
Depreciation and amortization 7,919 9,166 15,448 18,865
Selling, general, and administrative expense 33,487 33,330 65,089 68,699
Insurance settlement 0 0 (1,500) 0
Litigation settlement 0 0 0 (10,500)
Operating income 29,842 36,550 76,704 99,789
Interest expense (2,721) (2,834) (5,358) (6,182)
Other income, net 490 264 744 1,323
Income before income taxes 27,611 33,980 72,090 94,930
Income tax expense (9,071) (11,249) (20,733) (31,657)
Consolidated net income 18,540 22,731 51,357 63,273
Net income attributable to noncontrolling interest (623) (400) (841) (355)
Net income attributable to Mueller Industries, Inc. $ 17,917 $ 22,331 $ 50,516 $ 62,918
Weighted average shares for basic earnings per share (in shares) 38,029 37,737 38,021 37,730
Effect of dilutive stock-based awards (in shares) 436 356 440 309
Adjusted weighted average shares for diluted earnings per share (in shares) 38,465 38,093 38,461 38,039
Basic earnings per share (in dollars per share) $ 0.47 $ 0.59 $ 1.33 $ 1.67
Diluted earnings per share (in dollars per share) $ 0.47 $ 0.59 $ 1.31 $ 1.65
Dividends per share (in dollars per share) $ 0.10 $ 0.10 $ 0.20 $ 0.20