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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Sep. 26, 2015
Sep. 27, 2014
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Net sales $ 535,184 $ 602,820 $ 1,628,019 $ 1,826,885
Cost of goods sold 467,167 521,278 1,398,366 1,574,830
Depreciation and amortization 8,749 8,952 24,790 25,651
Selling, general, and administrative expense 32,241 34,004 98,492 100,512
Gain on sale of assets 0 0 (15,376) (1,417)
Severance 0 860 3,442 3,072
Operating income 27,027 37,726 118,305 124,237
Interest expense (1,682) (1,430) (5,977) (3,913)
Other income, net 164 225 534 440
Income before income taxes 25,509 36,521 112,862 120,764
Income tax expense (5,223) (12,199) (36,374) (36,279)
Loss from unconsolidated subsidiary, net of tax (2,191) 0 (2,191) 0
Consolidated net income 18,095 24,322 74,297 84,485
Net income attributable to noncontrolling interest (295) (499) (868) (911)
Net income attributable to Mueller Industries, Inc. $ 17,800 $ 23,823 $ 73,429 $ 83,574
Weighted average shares for basic earnings per share (in shares) 56,375 56,107 56,272 55,999
Effect of dilutive stock-based awards (in shares) 598 637 690 746
Adjusted weighted average shares for diluted earnings per share (in shares) 56,973 56,744 56,962 56,745
Basic earnings per share (in dollars per share) $ 0.32 $ 0.42 $ 1.30 $ 1.49
Diluted earnings per share (in dollars per share) 0.31 0.42 1.29 1.47
Dividends per share (in dollars per share) $ 0.075 $ 0.075 $ 0.225 $ 0.225