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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Dec. 29, 2018
Operating activities:      
Consolidated net income $ 143,649 $ 106,232 $ 106,820
Reconciliation of consolidated net income to net cash provided by operating activities:      
Depreciation 38,715 37,337 35,118
Amortization of intangibles 6,128 5,356 4,437
Amortization of debt issuance costs 319 318 318
Loss from unconsolidated affiliates 10,219 24,594 12,645
Insurance proceeds - noncapital related 0 485 2,306
Change in the fair value of contingent consideration 0 3,625 0
Insurance recovery 0 (485) (3,681)
Stock-based compensation expense 8,570 8,744 8,035
Provision for doubtful accounts receivable 1,208 (80) (286)
Non-cash pension plan termination expense 11,642 0 0
Loss (gain) on disposals of assets 132 (963) (253)
Impairment charges 3,771 0 0
Deferred income tax (benefit) expense (4,046) (428) 170
Changes in assets and liabilities, net of effects of businesses acquired:      
Receivables (76,404) 6,585 (11,056)
Inventories 5,207 39,561 27,512
Other assets 20,609 (15,639) 14,353
Current liabilities 74,097 (7,076) (15,680)
Other liabilities (1,142) (7,944) (14,769)
Other, net 2,399 322 1,903
Net cash provided by operating activities 245,073 200,544 167,892
Investing activities:      
Proceeds from sale of assets, net of cash transferred 181 3,240 18,703
Acquisition of businesses, net of cash acquired (72,648) 3,465 (167,677)
Capital expenditures (43,885) (31,162) (38,481)
Issuance of notes receivable (9,270) 0 0
Insurance proceeds - capital related 0 0 1,968
Investments in unconsolidated affiliates 0 (16,000) (1,609)
Net cash used in investing activities (125,622) (40,457) (187,096)
Financing activities:      
Dividends paid to stockholders of Mueller Industries, Inc. (22,341) (22,325) (22,705)
Dividends paid to noncontrolling interests 0 (846) (592)
Issuance of long-term debt 190,038 100,658 204,233
Repayments of long-term debt (246,898) (206,718) (172,002)
Repayment of debt by consolidated joint ventures, net (259) (4,305) (2,915)
Repurchase of common stock (5,574) (1,763) (33,562)
Payment of contingent consideration (7,000) (3,170) 0
Net cash used to settle stock-based awards (230) (1,225) (726)
Net cash used in financing activities (92,264) (139,694) (28,269)
Effect of exchange rate changes on cash 2,147 511 (1,952)
Increase (decrease) in cash, cash equivalents, and restricted cash 29,334 20,904 (49,425)
Cash, cash equivalents, and restricted cash at the beginning of the year 98,042 77,138 126,563
Cash, cash equivalents, and restricted cash at the end of the year $ 127,376 $ 98,042 $ 77,138