XML 35 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 28, 2015
Dec. 27, 2014
Current assets:    
Cash and cash equivalents $ 326,894us-gaap_CashAndCashEquivalentsAtCarryingValue $ 352,134us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, less allowance for doubtful accounts of $565 in 2015 and $666 in 2014 307,984us-gaap_AccountsReceivableNetCurrent 275,065us-gaap_AccountsReceivableNetCurrent
Inventories 246,395us-gaap_InventoryNet 256,585us-gaap_InventoryNet
Other current assets 59,858us-gaap_OtherAssetsCurrent 57,429us-gaap_OtherAssetsCurrent
Total current assets 941,131us-gaap_AssetsCurrent 941,213us-gaap_AssetsCurrent
Property, plant, and equipment, net 244,909us-gaap_PropertyPlantAndEquipmentNet 245,910us-gaap_PropertyPlantAndEquipmentNet
Goodwill 102,582us-gaap_Goodwill 102,909us-gaap_Goodwill
Other assets 36,208us-gaap_OtherAssetsNoncurrent 38,064us-gaap_OtherAssetsNoncurrent
Total assets 1,324,830us-gaap_Assets 1,328,096us-gaap_Assets
Current liabilities:    
Current portion of debt 31,676us-gaap_DebtCurrent 36,194us-gaap_DebtCurrent
Accounts payable 100,813us-gaap_AccountsPayableCurrent 100,735us-gaap_AccountsPayableCurrent
Accrued wages and other employee costs 30,070us-gaap_EmployeeRelatedLiabilitiesCurrent 41,595us-gaap_EmployeeRelatedLiabilitiesCurrent
Other current liabilities 61,601us-gaap_OtherLiabilitiesCurrent 59,545us-gaap_OtherLiabilitiesCurrent
Total current liabilities 224,160us-gaap_LiabilitiesCurrent 238,069us-gaap_LiabilitiesCurrent
Long-term debt, less current portion 205,000us-gaap_LongTermDebtNoncurrent 205,250us-gaap_LongTermDebtNoncurrent
Pension liabilities 18,461us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 20,070us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
Postretirement benefits other than pensions 21,368us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent 21,486us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
Environmental reserves 21,832us-gaap_AccruedEnvironmentalLossContingenciesNoncurrent 21,842us-gaap_AccruedEnvironmentalLossContingenciesNoncurrent
Deferred income taxes 23,100us-gaap_DeferredTaxLiabilitiesNoncurrent 24,556us-gaap_DeferredTaxLiabilitiesNoncurrent
Other noncurrent liabilities 3,107us-gaap_OtherLiabilitiesNoncurrent 1,389us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 517,028us-gaap_Liabilities 532,662us-gaap_Liabilities
Mueller Industries, Inc. stockholders' equity:    
Preferred stock - $1.00 par value; shares authorized 5,000,000; none outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock - $.01 par value; shares authorized 100,000,000; issued 80,183,004; outstanding 56,943,098 in 2015 and 56,901,445 in 2014 802us-gaap_CommonStockValue 802us-gaap_CommonStockValue
Additional paid-in capital 269,636us-gaap_AdditionalPaidInCapitalCommonStock 268,575us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 1,010,505us-gaap_RetainedEarningsAccumulatedDeficit 992,798us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (49,429)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (42,923)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Treasury common stock, at cost (456,651)us-gaap_TreasuryStockValue (457,102)us-gaap_TreasuryStockValue
Total Mueller Industries, Inc. stockholders' equity 774,863us-gaap_StockholdersEquity 762,150us-gaap_StockholdersEquity
Noncontrolling interest 32,939us-gaap_MinorityInterest 33,284us-gaap_MinorityInterest
Total equity 807,802us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 795,434us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Commitments and contingencies      
Total liabilities and equity $ 1,324,830us-gaap_LiabilitiesAndStockholdersEquity $ 1,328,096us-gaap_LiabilitiesAndStockholdersEquity