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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. 28, 2014
Jun. 29, 2013
Jun. 28, 2014
Jun. 29, 2013
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Net sales $ 649,691 $ 582,282 $ 1,224,065 $ 1,141,972
Cost of goods sold 557,775 501,125 1,053,552 983,975
Depreciation and amortization 8,592 8,328 16,699 16,482
Selling, general, and administrative expense 35,120 34,814 67,303 66,157
Insurance settlement 0 (106,332) 0 (106,332)
Operating income 48,204 144,347 86,511 181,690
Interest expense (1,457) (1,101) (2,483) (1,697)
Other income, net 127 319 215 3,482
Income before income taxes 46,874 143,565 84,243 183,475
Income tax expense (11,665) (51,723) (24,080) (65,199)
Consolidated net income 35,209 91,842 60,163 118,276
Net income attributable to noncontrolling interest (164) (692) (412) (924)
Net income attributable to Mueller Industries, Inc. $ 35,045 $ 91,150 $ 59,751 $ 117,352
Weighted average shares for basic earnings per share (in shares) 55,973 [1] 55,681 [1] 55,946 [1] 55,663 [1]
Effect of dilutive stock-based awards (in shares) 747 [1] 740 [1] 800 [1] 744 [1]
Adjusted weighted average shares for diluted earnings per share (in shares) 56,720 [1] 56,421 [1] 56,746 [1] 56,407 [1]
Basic earnings per share (in dollars per share) $ 0.63 [1] $ 1.64 [1] $ 1.07 [1] $ 2.11 [1]
Diluted earnings per share (in dollars per share) $ 0.62 [1] $ 1.62 [1] $ 1.05 [1] $ 2.08 [1]
Dividends per share (in dollars per share) $ 0.0750 [1] $ 0.0625 [1] $ 0.1500 [1] $ 0.1250 [1]
[1] Adjusted retroactively to reflect the two-for-one stock split that occurred on March 14, 2014.