XML 20 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Dec. 26, 2015
Income Statement [Abstract]      
Net sales $ 2,266,073 $ 2,055,622 $ 2,100,002
Cost of goods sold 1,940,617 1,723,499 1,809,702
Depreciation and amortization 33,944 35,133 34,608
Selling, general, and administrative expense 139,580 137,499 130,358
Gain on sale of businesses (1,491) 0 (15,376)
Impairment charges 1,466 6,778 0
Severance 0 0 3,442
Operating income 151,957 152,713 137,268
Interest expense (19,502) (7,387) (7,667)
Environmental expense (7,284) (1,279) (46)
Other income, net 1,801 1,983 2,234
Income before income taxes 126,972 146,030 131,789
Income tax expense (37,884) (48,137) (43,382)
(Loss) income from unconsolidated affiliates, net of tax (2,077) 1,861 0
Consolidated net income 87,011 99,754 88,407
Net income attributable to noncontrolling interests (1,413) (27) (543)
Net income attributable to Mueller Industries, Inc. $ 85,598 $ 99,727 $ 87,864
Weighted average shares for basic earnings per share (in shares) 56,925 56,572 56,316
Effect of dilutive stock-based awards (in shares) 559 597 652
Adjusted weighted average shares for diluted earnings per share (in shares) 57,484 57,169 56,968
Basic earnings per share (in dollars per share) $ 1.50 $ 1.76 $ 1.56
Diluted earnings per share (in dollars per share) 1.49 1.74 1.54
Dividends per share (in dollars per share) $ 8.4 $ 0.375 $ 0.300