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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
Income Statement [Abstract]      
Net sales $ 3,982,455 $ 3,769,345 $ 2,398,043
Cost of goods sold 2,864,862 2,938,989 1,966,161
Depreciation and amortization 43,731 45,390 44,843
Selling, general, and administrative expense 203,086 184,052 159,483
Litigation settlement, net 0 0 (22,053)
Gain on sale of businesses 0 (57,760) 0
Gain on sale of assets, net (6,373) 0 0
Impairment charges 0 2,829 3,771
Operating income 877,149 655,845 245,838
Interest expense (810) (7,709) (19,247)
Redemption premium 0 (5,674) 0
Environmental expense (1,298) (5,053) (4,454)
Pension plan termination expense (13,100) 0 (17,835)
Other income, net 14,090 3,730 4,887
Income before income taxes 876,031 641,139 209,189
Income tax expense (223,322) (165,858) (55,321)
Income (loss) from unconsolidated affiliates, net of foreign tax 10,111 (157) (10,219)
Consolidated net income 662,820 475,124 143,649
Net income attributable to noncontrolling interests (4,504) (6,604) (4,156)
Net income attributable to Mueller Industries, Inc. $ 658,316 $ 468,520 $ 139,493
Weighted average shares for basic earnings per share (in shares) 55,779 56,011 55,821
Effect of dilutive stock-based awards (in shares) 776 787 569
Adjusted weighted average shares for diluted earnings per share (in shares) 56,555 56,798 56,390
Basic earnings per share (in dollars per share) $ 11.80 $ 8.36 $ 2.50
Diluted earnings per share (in dollars per share) 11.64 8.25 2.47
Dividends per share (in dollars per share) $ 1.00 $ 0.52 $ 0.40