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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 29, 2012
Oct. 01, 2011
Sep. 29, 2012
Oct. 01, 2011
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Net sales $ 514,165 $ 585,809 $ 1,685,932 $ 1,926,413
Cost of goods sold 449,718 523,984 1,465,744 1,687,735
Depreciation and amortization 7,870 8,716 23,318 27,581
Selling, general, and administrative expense 32,120 34,245 97,209 102,944
Insurance settlement 0 0 (1,500) 0
Litigation settlement 0 0 0 (10,500)
Operating income 24,457 18,864 101,161 118,653
Interest expense (353) (2,822) (5,711) (9,004)
Other income, net 219 102 963 1,425
Income before income taxes 24,323 16,144 96,413 111,074
Income tax expense (8,753) (5,403) (29,486) (37,060)
Consolidated net income 15,570 10,741 66,927 74,014
Net income attributable to noncontrolling interest (59) (266) (900) (621)
Net income attributable to Mueller Industries, Inc. $ 15,511 $ 10,475 $ 66,027 $ 73,393
Weighted average shares for basic earnings per share (in shares) 37,505 37,878 37,849 37,779
Effect of dilutive stock-based awards (in shares) 452 483 444 367
Adjusted weighted average shares for diluted earnings per share (in shares) 37,957 38,361 38,293 38,146
Basic earnings per share (in dollars per share) $ 0.41 $ 0.28 $ 1.74 $ 1.94
Diluted earnings per share (in dollars per share) $ 0.41 $ 0.27 $ 1.72 $ 1.92
Dividends per share (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30