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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Cash flows from operating activities    
Consolidated net income $ 74,297 $ 84,485
Reconciliation of consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 25,132 25,888
Stock-based compensation expense 4,611 4,957
Equity in losses of unconsolidated subsidiary 2,191 0
Gain on disposal of assets (14,875) (1,146)
Impairment charges 570 0
Deferred income taxes (8,262) (6,908)
Income tax benefit from exercise of stock options (953) (829)
Changes in assets and liabilities, net of businesses acquired:    
Receivables 5,249 (62,854)
Inventories 29,901 (14,868)
Other assets 4,302 (15,272)
Current liabilities (27,580) (8,675)
Other liabilities 740 (797)
Other, net 145 223
Net cash provided by operating activities 95,468 4,204
Cash flows from investing activities    
Capital expenditures (22,502) (28,406)
Acquisition of businesses, net of cash acquired (107,405) (30,137)
Net withdrawals from restricted cash balances 1,822 2,507
Investment in unconsolidated subsidiary (65,900) 0
Proceeds from sales of assets 5,521 4,920
Net cash used in investing activities (188,464) (51,116)
Cash flows from financing activities    
Dividends paid to stockholders of Mueller Industries, Inc. (12,669) (12,606)
Issuance of long-term debt 0 12,008
Repayment of debt by joint venture, net (21,597) (3,170)
Net cash used to settle stock-based awards (718) (887)
Repurchase of common stock 0 (58)
Repayments of long-term debt (750) (800)
Income tax benefit from exercise of stock options 953 829
Net cash used in financing activities (34,781) (4,684)
Effect of exchange rate changes on cash (3,612) (346)
Decrease in cash and cash equivalents (131,389) (51,942)
Cash and cash equivalents at the beginning of the period 352,134 311,800
Cash and cash equivalents at the end of the period $ 220,745 $ 259,858