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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. 27, 2014
Sep. 28, 2013
Sep. 27, 2014
Sep. 28, 2013
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Net sales $ 602,820 $ 528,854 $ 1,826,885 $ 1,670,826
Cost of goods sold 521,278 456,302 1,574,830 1,440,277
Depreciation and amortization 8,952 7,882 25,651 24,364
Selling, general, and administrative expense 34,864 32,921 102,167 99,078
Gain on sale of plastic fittings manufacturing assets 0 (39,765) 0 (39,765)
Impairment charges 0 4,304 0 4,304
Insurance settlements 0 0 0 (106,332)
Operating income 37,726 67,210 124,237 248,900
Interest expense (1,430) (1,243) (3,913) (2,940)
Other income, net 225 842 440 4,324
Income before income taxes 36,521 66,809 120,764 250,284
Income tax expense (12,199) (26,816) (36,279) (92,015)
Consolidated net income 24,322 39,993 84,485 158,269
Net income attributable to noncontrolling interest (499) (129) (911) (1,053)
Net income attributable to Mueller Industries, Inc. $ 23,823 $ 39,864 $ 83,574 $ 157,216
Weighted average shares for basic earnings per share (in shares) 56,107 [1] 55,787 [1] 55,999 [1] 55,704 [1]
Effect of dilutive stock-based awards (in shares) 637 [1] 723 [1] 746 [1] 737 [1]
Adjusted weighted average shares for diluted earnings per share (in shares) 56,744 [1] 56,510 [1] 56,745 [1] 56,441 [1]
Basic earnings per share (in dollars per share) $ 0.42 [1] $ 0.71 [1] $ 1.49 [1] $ 2.82 [1]
Diluted earnings per share (in dollars per share) $ 0.42 [1] $ 0.71 [1] $ 1.47 [1] $ 2.79 [1]
Dividends per share (in dollars per share) $ 0.075 [1] $ 0.0625 [1] $ 0.225 [1] $ 0.1875 [1]
[1] Adjusted retroactively to reflect the two-for-one stock split that occurred on March 14, 2014.