Debt (Tables)

12 Months Ended

Dec. 26, 2020

Debt Disclosure [Abstract]

Schedule of Debt

(In thousands)	2020		2019
Subordinated Debentures with interest at 6.00%, due 2027	$	284,479	$	284,479
Revolving Credit Facility with interest at 1.52%, due 2021	35,000		90,000
Jungwoo-Mueller credit facility with interest at 1.90%, due 2021	5,811		—
Jungwoo-Mueller credit facility with interest at 2.55%, due 2020	—		5,768
2001 Series IRB's with interest at 1.14%, due 2021	250		1,250
Other	2,555		5,295
	328,095		386,792
Less debt issuance costs	(219)		(538)
Less current portion of debt	(41,283)		(7,530)
Long-term debt	$	286,593	$	378,724

Debt instrument redemption

If redeemed during the 12-month period beginning March 9:

Year	Redemption Price
2020	103%
2021	102
2022 and thereafter	100

Aggregate annual maturities of debt

Aggregate annual maturities of the Company’s debt are as follows:

(In thousands)	Amount
2021	$	41,283
2022	222
2023	222
2024	222
2025	167
Thereafter	285,979
Long-term debt	$	328,095

Net interest expense

Net interest expense consisted of the following:

(In thousands)	2020		2019		2018
Interest expense	$	19,510	$	25,957	$	25,349
Capitalized interest	(263)		(274)		(150)
	$	19,247	$	25,683	$	25,199