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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. 29, 2013
Jun. 30, 2012
Jun. 29, 2013
Jun. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Net sales $ 582,282 $ 594,099 $ 1,141,972 $ 1,171,767
Cost of goods sold 501,125 522,851 983,975 1,016,026
Depreciation and amortization 8,328 7,919 16,482 15,448
Selling, general, and administrative expense 34,814 33,487 66,157 65,089
Insurance settlement (106,332) 0 (106,332) (1,500)
Operating income 144,347 29,842 181,690 76,704
Interest expense (1,101) (2,721) (1,697) (5,358)
Other income, net 319 490 3,482 744
Income before income taxes 143,565 27,611 183,475 72,090
Income tax expense (51,723) (9,071) (65,199) (20,733)
Consolidated net income 91,842 18,540 118,276 51,357
Net income attributable to noncontrolling interest (692) (623) (924) (841)
Net income attributable to Mueller Industries, Inc. $ 91,150 $ 17,917 $ 117,352 $ 50,516
Weighted average shares for basic earnings per share (in shares) 27,840 38,029 27,831 38,021
Effect of dilutive stock-based awards (in shares) 370 436 372 440
Adjusted weighted average shares for diluted earnings per share (in shares) 28,210 38,465 28,203 38,461
Basic earnings per share (in dollars per share) $ 3.27 $ 0.47 $ 4.22 $ 1.33
Diluted earnings per share (in dollars per share) $ 3.23 $ 0.47 $ 4.16 $ 1.31
Dividends per share (in dollars per share) $ 0.125 $ 0.10 $ 0.25 $ 0.20