Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 28, 2013

Quarterly Financial Information (Unaudited) [Abstract]

Quarterly Financial Information (Unaudited)

Note 16 – Quarterly Financial Information (Unaudited)

	First			Second			Third			Fourth
(In thousands, except per share data)	Quarter			Quarter			Quarter			Quarter
2013
Net sales	$	559,690		$	582,282		$	528,854		$	487,715
Gross profit (1)		76,840			81,157			72,552			65,903
Consolidated net income		26,434			91,842	(4)		39,993	(5)		15,020
Net income attributable to Mueller Industries, Inc.		26,202			91,150			39,864			15,384
Basic earnings per share (2)		0.94			3.27			1.43			0.55
Diluted earnings per share (2)		0.93			3.23			1.41			0.54
Dividends per share		0.125			0.125			0.125			0.125
2012
Net sales	$	577,668		$	594,099		$	514,165		$	504,006
Gross profit (1)		84,493			71,248			64,447			65,287
Consolidated net income		32,817	(3)		18,540			15,570			16,746	(6)
Net income attributable to Mueller Industries, Inc.		32,599			17,917			15,511			16,368
Basic earnings per share		0.86			0.47			0.41			0.59	(2)
Diluted earnings per share		0.85			0.47			0.41			0.58	(2)
Dividends per share		0.10			0.10			0.10			0.125
(1) Gross profit is net sales less cost of goods sold, which excludes depreciation and amortization.
(2) Includes the repurchase of 10.4 million shares from Leucadia in September 2012
(3) Includes pre-tax gain of $8.0 million from liquidation of LIFO inventory layers and $1.5 million from settlement of insurance claims.
(4) Includes $106.3 million pre-tax gain from settlement of insurance claims.
(5) Includes $39.8 million pre-tax gain on sale of manufacturing assets and pre-tax impairment charges of $4.3 million primarily related to real property associated with the aforementioned plastics sale transaction.
(6) Includes $4.1 million net gain from settlement of litigation.