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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Income Statement [Abstract]    
Net sales $ 818,148 $ 602,919
Cost of goods sold 668,418 508,715
Depreciation and amortization 11,755 11,039
Selling, general, and administrative expense 45,435 42,752
Asset impairments 0 3,035
Litigation settlement, net 0 (21,933)
Operating income 92,540 59,311
Interest expense (4,469) (5,379)
Other income, net 577 278
Income before income taxes 88,648 54,210
Income tax expense (21,761) (14,144)
Loss from unconsolidated affiliates, net of foreign tax (1,649) (6,115)
Consolidated net income 65,238 33,951
Net income attributable to noncontrolling interests (2,131) (1,536)
Net income attributable to Mueller Industries, Inc. $ 63,107 $ 32,415
Weighted average shares for basic earnings per share (in shares) 55,916 55,875
Effect of dilutive stock-based awards (in shares) 756 583
Adjusted weighted average shares for diluted earnings per share (in shares) 56,672 56,458
Basic earnings per share (in dollars per share) $ 1.13 $ 0.58
Diluted earnings per share (in dollars per share) 1.11 0.57
Dividends per share (in dollars per share) $ 0.13 $ 0.10