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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Income Statement [Abstract]    
Net sales $ 602,919 $ 611,781
Cost of goods sold 508,715 511,393
Depreciation and amortization 11,039 10,555
Selling, general, and administrative expense 42,752 40,653
Asset impairments 3,035 0
Litigation settlement, net (21,933) 0
Operating income 59,311 49,180
Interest expense (5,379) (6,954)
Other income (expense), net 278 (172)
Income before income taxes 54,210 42,054
Income tax expense (14,144) (9,546)
Loss from unconsolidated affiliates, net of foreign tax (6,115) (15,369)
Consolidated net income 33,951 17,139
Net income attributable to noncontrolling interests (1,536) (1,416)
Net income attributable to Mueller Industries, Inc. $ 32,415 $ 15,723
Weighted average shares for basic earnings per share (in shares) 55,875 55,728
Effect of dilutive stock-based awards (in shares) 583 526
Adjusted weighted average shares for diluted earnings per share (in shares) 56,458 56,254
Basic earnings per share (in dollars per share) $ 0.58 $ 0.28
Diluted earnings per share (in dollars per share) 0.57 0.28
Dividends per share (in dollars per share) $ 0.10 $ 0.10