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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 26, 2022
Dec. 25, 2021
Current assets:    
Cash and cash equivalents $ 139,255 $ 87,924
Accounts receivable, less allowance for doubtful accounts of $2,564 in 2022 and $2,590 in 2021 588,397 471,859
Inventories 471,949 430,244
Other current assets 40,947 28,976
Total current assets 1,240,548 1,019,003
Property, plant, and equipment, net 380,711 385,562
Operating lease right-of-use assets 21,965 23,510
Goodwill, net 172,072 171,330
Intangible assets, net 60,794 61,714
Investments in unconsolidated affiliates 63,069 61,133
Other assets 6,791 6,684
Total assets 1,945,950 1,728,936
Current liabilities:    
Current portion of debt 812 811
Accounts payable 226,712 180,793
Accrued wages and other employee costs 35,001 49,629
Current portion of operating lease liabilities 5,650 6,015
Other current liabilities 183,421 145,191
Total current liabilities 451,596 382,439
Long-term debt, less current portion 1,098 1,064
Pension liabilities 4,408 5,572
Postretirement benefits other than pensions 12,110 11,961
Environmental reserves 17,137 17,678
Deferred income taxes 15,861 14,347
Noncurrent operating lease liabilities 16,010 17,099
Other noncurrent liabilities 21,586 21,813
Total liabilities 539,806 471,973
Mueller Industries, Inc. stockholders' equity:    
Preferred stock - $1.00 par value; shares authorized 5,000,000; none outstanding 0 0
Common stock - $.01 par value; shares authorized 100,000,000; issued 80,183,004; outstanding 57,239,030 in 2022 and 57,295,961 in 2021 802 802
Additional paid-in capital 288,802 286,208
Retained earnings 1,602,496 1,458,489
Accumulated other comprehensive loss (47,442) (53,347)
Treasury common stock, at cost (474,258) (470,034)
Total Mueller Industries, Inc. stockholders' equity 1,370,400 1,222,118
Noncontrolling interests 35,744 34,845
Total equity 1,406,144 1,256,963
Commitments and contingencies 0 0
Total liabilities and equity $ 1,945,950 $ 1,728,936