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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Dec. 29, 2018
Income Statement [Abstract]      
Net sales $ 2,398,043 $ 2,430,616 $ 2,507,878
Cost of goods sold 1,966,161 2,035,610 2,150,400
Depreciation and amortization 44,843 42,693 39,555
Selling, general, and administrative expense 159,483 162,358 148,888
Litigation settlement, net (22,053) 0 0
Gain on sale of assets, net 0 (963) (253)
Impairment charges 3,771 0 0
Insurance recovery 0 (485) (3,681)
Operating income 245,838 191,403 172,969
Interest expense (19,247) (25,683) (25,199)
Environmental expense (4,454) (1,321) (1,320)
Pension plan termination expense (17,835) 0 0
Other income, net 4,887 1,684 3,967
Income before income taxes 209,189 166,083 150,417
Income tax expense (55,321) (35,257) (30,952)
Loss from unconsolidated affiliates, net of foreign tax (10,219) (24,594) (12,645)
Consolidated net income 143,649 106,232 106,820
Net income attributable to noncontrolling interests (4,156) (5,260) (2,361)
Net income attributable to Mueller Industries, Inc. $ 139,493 $ 100,972 $ 104,459
Weighted average shares for basic earnings per share (in shares) 55,821 55,798 56,782
Effect of dilutive stock-based awards (in shares) 569 545 487
Adjusted weighted average shares for diluted earnings per share (in shares) 56,390 56,343 57,269
Basic earnings per share (in dollars per share) $ 2.50 $ 1.81 $ 1.84
Diluted earnings per share (in dollars per share) 2.47 1.79 1.82
Dividends per share (in dollars per share) $ 0.40 $ 0.40 $ 0.40