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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Dec. 28, 2013
Operating activities:      
Consolidated net income $ 88,407 $ 102,534 $ 173,289
Reconciliation of net income to net cash provided by operating activities:      
Depreciation 30,556 30,205 30,946
Amortization of intangibles 4,052 3,530 1,448
Amortization of debt issuance costs 432 341 299
Stock-based compensation expense 6,244 6,265 5,704
Insurance settlements 0 0 (106,332)
Gain on disposal of assets (14,815) (5,405) (42,300)
Insurance proceeds - noncapital related 0 0 32,395
Impairment charges 0 0 4,304
Income tax benefit from exercise of stock options (972) (837) (719)
Deferred income taxes (15,818) (6,495) 19,213
Recovery of doubtful accounts receivable (130) (500) (273)
Changes in assets and liabilities, net of businesses acquired and sold:      
Receivables 51,660 (21,432) 19,383
Inventories 41,086 1,381 5,963
Other assets 12,449 (23,652) 562
Current liabilities (45,585) 5,849 (14,139)
Other liabilities 436 (2,223) (1,935)
Other, net 1,607 1,044 705
Net cash provided by operating activities 159,609 90,605 128,513
Investing activities:      
Proceeds from sale of assets, net of cash transferred 5,538 33,788 65,147
Acquisition of businesses, net of cash acquired (105,944) (30,137) (55,276)
Capital expenditures (28,834) (39,173) (41,349)
Investment in unconsolidated affiliate (65,900) 0 0
Insurance proceeds 0 0 29,910
Net withdrawals from (deposits into) restricted cash balances 4,333 (2,902) (1,417)
Net cash used in investing activities (190,807) (38,424) (2,985)
Financing activities:      
Dividends paid to stockholders of Mueller Industries, Inc. (16,903) (16,819) (13,941)
Repayments of long-term debt (1,000) (1,050) (1,000)
(Repayment) issuance of debt by joint venture, net (23,567) 7,258 857
Net cash used to settle stock-based awards (760) (777) (228)
Income tax benefit from exercise of stock options 972 837 719
Debt issuance costs 0 0 (50)
Net cash used in financing activities (41,258) (10,551) (13,643)
Effect of exchange rate changes on cash (4,834) (1,296) 981
(Decrease) increase in cash and cash equivalents (77,290) 40,334 112,866
Cash and cash equivalents at the beginning of the year 352,134 311,800 198,934
Cash and cash equivalents at the end of the year $ 274,844 $ 352,134 $ 311,800