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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Sep. 30, 2017
Oct. 01, 2016
Income Statement [Abstract]        
Net sales $ 550,363 $ 506,584 $ 1,742,549 $ 1,583,464
Cost of goods sold 471,262 424,668 1,484,000 1,327,370
Depreciation and amortization 8,266 9,016 25,216 26,997
Selling, general, and administrative expense 33,276 32,413 102,953 102,707
Asset impairments 0 3,000 411 3,000
Operating income 37,559 37,487 129,969 123,390
Interest expense (5,237) (1,830) (14,210) (5,370)
Other (expense) income, net (458) 120 324 880
Income before income taxes 31,864 35,777 116,083 118,900
Income tax expense (8,716) (10,837) (33,295) (38,963)
(Loss) income from unconsolidated affiliates, net of tax (394) 1,122 (1,746) 3,049
Consolidated net income 22,754 26,062 81,042 82,986
Net income attributable to noncontrolling interests (496) (84) (1,164) (581)
Net income attributable to Mueller Industries, Inc. $ 22,258 $ 25,978 $ 79,878 $ 82,405
Weighted average shares for basic earnings per share (in shares) 56,987 56,631 56,891 56,536
Effect of dilutive stock-based awards (in shares) 456 586 542 589
Adjusted weighted average shares for diluted earnings per share (in shares) 57,443 57,217 57,433 57,125
Basic earnings per share (in dollars per share) $ 0.39 $ 0.46 $ 1.40 $ 1.46
Diluted earnings per share (in dollars per share) 0.39 0.45 1.39 1.44
Dividends per share (in dollars per share) $ 0.1 $ 0.1 $ 8.300 $ 0.275