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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. 28, 2013
Sep. 29, 2012
Sep. 28, 2013
Sep. 29, 2012
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Net sales $ 528,854 $ 514,165 $ 1,670,826 $ 1,685,932
Cost of goods sold 456,302 449,718 1,440,277 1,465,744
Depreciation and amortization 7,882 7,870 24,364 23,318
Selling, general, and administrative expense 32,921 32,120 99,078 97,209
Gain on sale of plastic fittings manufacturing assets (39,765) 0 (39,765) 0
Impairment charges 4,304 0 4,304 0
Insurance settlement 0 0 (106,332) (1,500)
Operating income 67,210 24,457 248,900 101,161
Interest expense (1,243) (353) (2,940) (5,711)
Other income, net 842 219 4,324 963
Income before income taxes 66,809 24,323 250,284 96,413
Income tax expense (26,816) (8,753) (92,015) (29,486)
Consolidated net income 39,993 15,570 158,269 66,927
Net income attributable to noncontrolling interest (129) (59) (1,053) (900)
Net income attributable to Mueller Industries, Inc. $ 39,864 $ 15,511 $ 157,216 $ 66,027
Weighted average shares for basic earnings per share (in shares) 27,894 37,505 27,852 37,849
Effect of dilutive stock-based awards (in shares) 361 452 369 444
Adjusted weighted average shares for diluted earnings per share (in shares) 28,255 37,957 28,221 38,293
Basic earnings per share (in dollars per share) $ 1.43 $ 0.41 $ 5.64 $ 1.74
Diluted earnings per share (in dollars per share) $ 1.41 $ 0.41 $ 5.57 $ 1.72
Dividends per share (in dollars per share) $ 0.125 $ 0.10 $ 0.375 $ 0.30