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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Sep. 25, 2021
Sep. 26, 2020
Income Statement [Abstract]        
Net sales $ 982,248 $ 619,105 $ 2,812,988 $ 1,722,192
Cost of goods sold 744,265 500,780 2,212,395 1,412,654
Depreciation and amortization 10,868 10,752 33,757 32,888
Selling, general, and administrative expense 48,524 38,346 137,891 117,749
Gain on sale of businesses (54,759) 0 (54,759) 0
Litigation settlement, net 0 0 0 (21,933)
Operating income 233,350 69,227 483,704 180,834
Interest expense (1,116) (4,885) (7,451) (15,237)
Redemption premium 0 0 (5,674) 0
Other (expense) income, net (2,548) 522 (1,288) 3,634
Income before income taxes 229,686 64,864 469,291 169,231
Income tax expense (60,229) (15,450) (120,996) (42,623)
Income (loss) from unconsolidated affiliates, net of foreign tax 2,799 (5,457) 131 (20,213)
Consolidated net income 172,256 43,957 348,426 106,395
Net income attributable to noncontrolling interests (1,276) (1,255) (5,507) (3,322)
Net income attributable to Mueller Industries, Inc. $ 170,980 $ 42,702 $ 342,919 $ 103,073
Weighted average shares for basic earnings per share (in shares) 56,077 55,816 55,979 55,805
Effect of dilutive stock-based awards (in shares) 731 550 784 534
Adjusted weighted average shares for diluted earnings per share (in shares) 56,808 56,366 56,763 56,339
Basic earnings per share (in dollars per share) $ 3.05 $ 0.77 $ 6.13 $ 1.85
Diluted earnings per share (in dollars per share) 3.01 0.76 6.04 1.83
Dividends per share (in dollars per share) $ 0.13 $ 0.10 $ 0.39 $ 0.30