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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Operating activities:      
Consolidated net income $ 475,124 $ 143,649 $ 106,232
Reconciliation of consolidated net income to net cash provided by operating activities:      
Depreciation 39,120 38,715 37,337
Amortization of intangibles 6,270 6,128 5,356
Amortization of debt issuance costs 265 319 318
Loss from unconsolidated affiliates 157 10,219 24,594
Insurance proceeds - noncapital related 0 0 485
Redemption premium 5,674 0 0
Change in the fair value of contingent consideration 0 0 3,625
Insurance recovery 0 0 (485)
Stock-based compensation expense 9,822 8,570 8,744
Provision for doubtful accounts receivable 1,216 1,208 (80)
Non-cash pension plan termination expense 0 11,642 0
(Gain) loss on disposals of assets (769) 132 (963)
Gain on sale of businesses (57,760) 0 0
Impairment charges 2,829 3,771 0
Deferred income tax expense (benefit) 7,413 (4,046) (428)
Changes in assets and liabilities, net of effects of businesses acquired and sold:      
Receivables (124,708) (76,404) 6,585
Inventories (119,514) 5,207 39,561
Other assets 919 20,609 (15,639)
Current liabilities 73,755 74,097 (7,076)
Other liabilities (5,467) (1,142) (7,944)
Other, net (2,645) 2,399 322
Net cash provided by operating activities 311,701 245,073 200,544
Investing activities:      
Proceeds from sale of assets, net of cash transferred 2,302 181 3,240
Acquisition of businesses, net of cash acquired (30,206) (72,648) 3,465
Proceeds from sale of business, net of cash sold 81,884 0 0
Capital expenditures (31,833) (43,885) (31,162)
Payment received for (issuance of) notes receivable   (9,270) 0
Payment received for (issuance of) notes receivable 8,539    
Investments in unconsolidated affiliates (1,613) 0 (16,000)
Net cash provided by (used in) investing activities 29,073 (125,622) (40,457)
Financing activities:      
Dividends paid to stockholders of Mueller Industries, Inc. (29,137) (22,341) (22,325)
Dividends paid to noncontrolling interests (9,722) 0 (846)
Issuance of long-term debt 595,000 190,038 100,658
Repayments of long-term debt (920,610) (246,898) (206,718)
Repayment of debt by consolidated joint ventures, net (5,113) (259) (4,305)
Repurchase of common stock (4,864) (5,574) (1,763)
Payment of contingent consideration (1,250) (7,000) (3,170)
Net cash received (used) to settle stock-based awards 85 (230) (1,225)
Debt issuance costs (1,111) 0 0
Net cash used in financing activities (376,722) (92,264) (139,694)
Effect of exchange rate changes on cash (1,052) 2,147 511
(Decrease) increase in cash, cash equivalents, and restricted cash (37,000) 29,334 20,904
Cash, cash equivalents, and restricted cash at the beginning of the year 127,376 98,042 77,138
Cash, cash equivalents, and restricted cash at the end of the year $ 90,376 $ 127,376 $ 98,042