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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Income Statement [Abstract]        
Net sales $ 500,168 $ 666,394 $ 1,103,087 $ 1,278,175
Cost of goods sold 403,159 563,948 911,874 1,075,341
Depreciation and amortization 11,097 10,478 22,136 21,033
Selling, general, and administrative expense 33,616 40,446 76,368 81,099
Asset impairments 0 0 3,035 0
Litigation settlement, net 0 0 (21,933) 0
Operating income 52,296 51,522 111,607 100,702
Interest expense (4,973) (7,033) (10,352) (13,987)
Other income, net 2,834 462 3,112 290
Income before income taxes 50,157 44,951 104,367 87,005
Income tax expense (13,029) (10,432) (27,173) (19,978)
Loss from unconsolidated affiliates, net of foreign tax (8,641) (5,843) (14,756) (21,212)
Consolidated net income 28,487 28,676 62,438 45,815
Net income attributable to noncontrolling interests (531) (690) (2,067) (2,106)
Net income attributable to Mueller Industries, Inc. $ 27,956 $ 27,986 $ 60,371 $ 43,709
Weighted average shares for basic earnings per share (in shares) 55,723 55,753 55,799 55,741
Effect of dilutive stock-based awards (in shares) 471 561 527 543
Adjusted weighted average shares for diluted earnings per share (in shares) 56,194 56,314 56,326 56,284
Basic earnings per share (in dollars per share) $ 0.50 $ 0.50 $ 1.08 $ 0.78
Diluted earnings per share (in dollars per share) 0.50 0.50 1.07 0.78
Dividends per share (in dollars per share) $ 0.10 $ 0.10 $ 0.20 $ 0.20