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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Income Statement [Abstract]        
Net sales $ 608,602 $ 645,958 $ 1,886,777 $ 1,948,791
Cost of goods sold 510,788 566,956 1,586,129 1,676,446
Depreciation and amortization 10,823 10,619 31,856 29,081
Selling, general, and administrative expense 40,739 38,889 121,838 112,077
Gain on sale of assets 0 (2,691) 0 (334)
Insurance recovery 0 (1,486) 0 (1,486)
Operating income 46,252 33,671 146,954 133,007
Interest expense (6,148) (6,746) (20,135) (18,728)
Other income, net 533 411 823 1,557
Income before income taxes 40,637 27,336 127,642 115,836
Income tax expense (7,665) (3,373) (27,643) (23,179)
Loss from unconsolidated affiliates, net of foreign tax (2,528) (3,100) (23,740) (13,568)
Consolidated net income 30,444 20,863 76,259 79,089
Net income attributable to noncontrolling interests (1,351) (571) (3,457) (1,487)
Net income attributable to Mueller Industries, Inc. $ 29,093 $ 20,292 $ 72,802 $ 77,602
Weighted average shares for basic earnings per share (in shares) 55,832 56,877 55,771 56,858
Effect of dilutive stock-based awards (in shares) 482 540 523 524
Adjusted weighted average shares for diluted earnings per share (in shares) 56,314 57,417 56,294 57,382
Basic earnings per share (in dollars per share) $ 0.52 $ 0.36 $ 1.31 $ 1.36
Diluted earnings per share (in dollars per share) 0.52 0.35 1.29 1.35
Dividends per share (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30