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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Jun. 25, 2022
Jun. 26, 2021
Income Statement [Abstract]        
Net sales $ 1,150,042 $ 1,012,592 $ 2,160,044 $ 1,830,740
Cost of goods sold 820,914 799,712 1,565,425 1,468,130
Depreciation and amortization 11,302 11,134 22,143 22,889
Selling, general, and administrative expense 48,956 43,932 96,412 89,367
Gain on sale of assets 0 0 (5,507) 0
Operating income 268,870 157,814 481,571 250,354
Interest expense (147) (1,866) (305) (6,335)
Redemption premium 0 (5,674) 0 (5,674)
Other income, net 2,203 683 2,983 1,260
Income before income taxes 270,926 150,957 484,249 239,605
Income tax expense (68,290) (39,006) (122,489) (60,767)
Income (loss) from unconsolidated affiliates, net of foreign tax 4,888 (1,019) 5,012 (2,668)
Consolidated net income 207,524 110,932 366,772 176,170
Net income attributable to noncontrolling interests (972) (2,100) (1,904) (4,231)
Net income attributable to Mueller Industries, Inc. $ 206,552 $ 108,832 $ 364,868 $ 171,939
Weighted average shares for basic earnings per share (in shares) 55,787 55,946 55,943 55,931
Effect of dilutive stock-based awards (in shares) 741 866 776 811
Adjusted weighted average shares for diluted earnings per share (in shares) 56,528 56,812 56,719 56,742
Basic earnings per share (in dollars per share) $ 3.70 $ 1.95 $ 6.52 $ 3.07
Diluted earnings per share (in dollars per share) 3.65 1.92 6.43 3.03
Dividends per share (in dollars per share) $ 0.25 $ 0.13 $ 0.50 $ 0.26