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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Income Statement [Abstract]        
Net sales $ 614,266 $ 544,071 $ 1,192,186 $ 1,076,880
Cost of goods sold 524,311 456,060 1,012,738 902,702
Depreciation and amortization 8,595 9,061 16,950 17,981
Selling, general, and administrative expense 34,557 34,514 70,088 70,294
Operating income 46,803 44,436 92,410 85,903
Interest expense (6,442) (1,692) (8,973) (3,540)
Other income, net 231 515 782 760
Income before income taxes 40,592 43,259 84,219 83,123
Income tax expense (12,650) (14,005) (24,579) (28,126)
(Loss) income from unconsolidated affiliates, net of tax (109) (995) (1,352) 1,927
Consolidated net income 27,833 28,259 58,288 56,924
Net income attributable to noncontrolling interests (200) (462) (668) (497)
Net income attributable to Mueller Industries, Inc. $ 27,633 $ 27,797 $ 57,620 $ 56,427
Weighted average shares for basic earnings per share (in shares) 56,906 56,511 56,843 56,489
Effect of dilutive stock-based awards (in shares) 511 418 585 456
Adjusted weighted average shares for diluted earnings per share (in shares) 57,417 56,929 57,428 56,945
Basic earnings per share (in dollars per share) $ 0.49 $ 0.49 $ 1.01 $ 1.00
Diluted earnings per share (in dollars per share) 0.48 0.49 1.00 0.99
Dividends per share (in dollars per share) $ 0.1 $ 0.1 $ 8.2 $ 0.175