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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Jun. 26, 2021
Jun. 27, 2020
Income Statement [Abstract]        
Net sales $ 1,012,592 $ 500,168 $ 1,830,740 $ 1,103,087
Cost of goods sold 799,712 403,159 1,468,130 911,874
Depreciation and amortization 11,134 11,097 22,889 22,136
Selling, general, and administrative expense 43,932 33,616 89,367 76,368
Asset impairments 0 0 0 3,035
Litigation settlement, net 0 0 0 (21,933)
Operating income 157,814 52,296 250,354 111,607
Interest expense (1,866) (4,973) (6,335) (10,352)
Redemption premium (5,674) 0 (5,674) 0
Other income, net 683 2,834 1,260 3,112
Income before income taxes 150,957 50,157 239,605 104,367
Income tax expense (39,006) (13,029) (60,767) (27,173)
Loss from unconsolidated affiliates, net of foreign tax (1,019) (8,641) (2,668) (14,756)
Consolidated net income 110,932 28,487 176,170 62,438
Net income attributable to noncontrolling interests (2,100) (531) (4,231) (2,067)
Net income attributable to Mueller Industries, Inc. $ 108,832 $ 27,956 $ 171,939 $ 60,371
Weighted average shares for basic earnings per share (in shares) 55,946 55,723 55,931 55,799
Effect of dilutive stock-based awards (in shares) 866 471 811 527
Adjusted weighted average shares for diluted earnings per share (in shares) 56,812 56,194 56,742 56,326
Basic earnings per share (in dollars per share) $ 1.95 $ 0.50 $ 3.07 $ 1.08
Diluted earnings per share (in dollars per share) 1.92 0.50 3.03 1.07
Dividends per share (in dollars per share) $ 0.13 $ 0.10 $ 0.26 $ 0.20