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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Sep. 24, 2022
Sep. 25, 2021
Income Statement [Abstract]        
Net sales $ 944,830 $ 982,248 $ 3,104,874 $ 2,812,988
Cost of goods sold 678,637 744,265 2,244,062 2,212,395
Depreciation and amortization 10,850 10,868 32,993 33,757
Selling, general, and administrative expense 50,178 48,524 146,590 137,891
Gain on sale of assets 0 0 (5,507) 0
Gain on sale of businesses 0 (54,759) 0 (54,759)
Operating income 205,165 233,350 686,736 483,704
Interest expense (361) (1,116) (666) (7,451)
Redemption premium 0 0 0 (5,674)
Other income (expense), net 1,030 (2,548) 4,013 (1,288)
Income before income taxes 205,834 229,686 690,083 469,291
Income tax expense (51,035) (60,229) (173,524) (120,996)
Income from unconsolidated affiliates, net of foreign tax 1,014 2,799 6,026 131
Consolidated net income 155,813 172,256 522,585 348,426
Net income attributable to noncontrolling interests (1,271) (1,276) (3,175) (5,507)
Net income attributable to Mueller Industries, Inc. $ 154,542 $ 170,980 $ 519,410 $ 342,919
Weighted average shares for basic earnings per share (in shares) 55,589 56,077 55,825 55,979
Effect of dilutive stock-based awards (in shares) 835 731 796 784
Adjusted weighted average shares for diluted earnings per share (in shares) 56,424 56,808 56,621 56,763
Basic earnings per share (in dollars per share) $ 2.78 $ 3.05 $ 9.30 $ 6.13
Diluted earnings per share (in dollars per share) 2.74 3.01 9.17 6.04
Dividends per share (in dollars per share) $ 0.25 $ 0.13 $ 0.75 $ 0.39