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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Cash flows from operating activities    
Consolidated net income $ 176,170 $ 62,438
Reconciliation of consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 22,975 22,296
Stock-based compensation expense 4,817 4,198
Provision for doubtful accounts receivable 1,280 1,850
Loss from unconsolidated affiliates 2,668 14,756
Redemption premium 5,674 0
Gain on disposals of properties (819) (9)
Impairment charges 0 3,035
Deferred income tax expense 3,252 764
Changes in assets and liabilities, net of effects of businesses acquired:    
Receivables (190,944) (11,212)
Inventories (63,949) 43,263
Other assets (5,482) 3,967
Current liabilities 50,456 (277)
Other liabilities 3,429 (5,369)
Other, net (247) 3,082
Net cash provided by operating activities 9,280 142,782
Cash flows from investing activities    
Capital expenditures (17,978) (22,215)
Acquisition of businesses, net of cash acquired (13,935) (15,415)
Payment received for notes receivable 8,539 0
Proceeds from sales of assets 1,730 1
Net cash used in investing activities (21,644) (37,629)
Cash flows from financing activities    
Dividends paid to stockholders of Mueller Industries, Inc. (14,546) (11,168)
Repurchase of common stock 0 (5,574)
Issuance of debt 425,000 110,015
Repayments of debt (400,497) (166,021)
Issuance (repayment) of debt by consolidated joint ventures, net 463 (471)
Net cash received to settle stock-based awards 414 696
Debt issuance costs (1,111) 0
Net cash provided by (used in) financing activities 9,723 (72,523)
Effect of exchange rate changes on cash 987 (6,160)
(Decrease) increase in cash, cash equivalents, and restricted cash (1,654) 26,470
Cash, cash equivalents, and restricted cash at the beginning of the period 127,376 98,042
Cash, cash equivalents, and restricted cash at the end of the period $ 125,722 $ 124,512