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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 666,394 $ 662,773 $ 1,278,175 $ 1,302,833
Cost of goods sold 563,948 563,820 1,075,341 1,109,490
Depreciation and amortization 10,478 9,006 21,033 18,462
Selling, general, and administrative expense 40,446 38,428 81,099 72,485
(Gain) loss on sale of assets 0 (409) 0 3,060
Operating income 51,522 51,928 100,702 99,336
Interest expense (7,033) (6,073) (13,987) (11,982)
Other income, net 462 586 290 1,146
Income before income taxes 44,951 46,441 87,005 88,500
Income tax expense (10,432) (12,411) (19,978) (19,806)
Loss from unconsolidated affiliates, net of foreign tax (5,843) (148) (21,212) (10,468)
Consolidated net income 28,676 33,882 45,815 58,226
Net income attributable to noncontrolling interests (690) (700) (2,106) (916)
Net income attributable to Mueller Industries, Inc. $ 27,986 $ 33,182 $ 43,709 $ 57,310
Weighted average shares for basic earnings per share (in shares) 55,753 56,797 55,741 56,848
Effect of dilutive stock-based awards (in shares) 561 514 543 516
Adjusted weighted average shares for diluted earnings per share (in shares) 56,314 57,311 56,284 57,364
Basic earnings per share (in dollars per share) $ 0.50 $ 0.58 $ 0.78 $ 1.01
Diluted earnings per share (in dollars per share) 0.50 0.58 0.78 1.00
Dividends per share (in dollars per share) $ 0.10 $ 0.10 $ 0.20 $ 0.20