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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2016
Sep. 26, 2015
Oct. 01, 2016
Sep. 26, 2015
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Net sales $ 506,584 $ 535,184 $ 1,583,464 $ 1,628,019
Cost of goods sold 424,668 467,167 1,327,370 1,398,366
Depreciation and amortization 9,016 8,749 26,997 24,790
Selling, general, and administrative expense 32,413 32,241 102,707 97,922
Asset impairments 3,000 0 3,000 570
Gain on sale of assets 0 0 0 (15,376)
Severance 0 0 0 3,442
Operating income 37,487 27,027 123,390 118,305
Interest expense (1,830) (1,682) (5,370) (5,977)
Other income, net 120 164 880 534
Income before income taxes 35,777 25,509 118,900 112,862
Income tax expense (10,837) (5,223) (38,963) (36,374)
Income (loss) from unconsolidated affiliates, net of tax 1,122 (2,191) 3,049 (2,191)
Consolidated net income 26,062 18,095 82,986 74,297
Net income attributable to noncontrolling interests (84) (295) (581) (868)
Net income attributable to Mueller Industries, Inc. $ 25,978 $ 17,800 $ 82,405 $ 73,429
Weighted average shares for basic earnings per share (in shares) 56,631 56,375 56,536 56,272
Effect of dilutive stock-based awards (in shares) 586 598 589 690
Adjusted weighted average shares for diluted earnings per share (in shares) 57,217 56,973 57,125 56,962
Basic earnings per share (in dollars per share) $ 0.46 $ 0.32 $ 1.46 $ 1.30
Diluted earnings per share (in dollars per share) 0.45 0.31 1.44 1.29
Dividends per share (in dollars per share) $ 0.100 $ 0.075 $ 0.275 $ 0.225