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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 01, 2023
Mar. 26, 2022
Income Statement [Abstract]    
Net sales $ 971,192 $ 1,010,002
Cost of goods sold 678,798 744,511
Depreciation and amortization 10,657 10,841
Selling, general, and administrative expense 52,631 47,456
Gain on sale of assets 0 (5,507)
Operating income 229,106 212,701
Interest expense (143) (158)
Interest income 6,235 160
Other income, net 2,236 620
Income before income taxes 237,434 213,323
Income tax expense (61,357) (54,199)
(Loss) income from unconsolidated affiliates, net of foreign tax (984) 124
Consolidated net income 175,093 159,248
Net income attributable to noncontrolling interests (1,854) (932)
Net income attributable to Mueller Industries, Inc. $ 173,239 $ 158,316
Weighted average shares for basic earnings per share (in shares) 55,693 56,100
Effect of dilutive stock-based awards (in shares) 707 810
Adjusted weighted average shares for diluted earnings per share (in shares) 56,400 56,910
Basic earnings per share (in dollars per share) $ 3.11 $ 2.82
Diluted earnings per share (in dollars per share) 3.07 2.78
Dividends per share (in dollars per share) $ 0.30 $ 0.25