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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
Income Statement [Abstract]      
Net sales $ 3,420,345 $ 3,982,455 $ 3,769,345
Cost of goods sold 2,433,511 2,864,862 2,938,989
Depreciation and amortization 39,954 43,731 45,390
Selling, general, and administrative expense 208,172 203,086 184,052
Gain on sale of businesses (4,137) 0 (57,760)
Gain on sale of assets, net 0 (6,373) 0
Impairment charges 6,258 0 2,829
Gain on insurance settlement (19,466) 0 0
Operating income 756,053 877,149 655,845
Interest expense (1,221) (810) (7,709)
Interest income 38,208 6,457 353
Realized and unrealized gains on short-term investments 41,865 2,918 0
Gain on extinguishment of NMTC liability 7,534 0 0
Redemption premium 0 0 (5,674)
Environmental expense (825) (1,298) (5,053)
Pension plan termination expense 0 (13,100) 0
Other income, net 3,618 4,715 3,377
Income before income taxes 845,232 876,031 641,139
Income tax expense (220,762) (223,322) (165,858)
(Loss) income from unconsolidated affiliates, net of foreign tax (14,821) 10,111 (157)
Consolidated net income 609,649 662,820 475,124
Net income attributable to noncontrolling interests (6,752) (4,504) (6,604)
Net income attributable to Mueller Industries, Inc. $ 602,897 $ 658,316 $ 468,520
Weighted average shares for basic earnings per share (in shares) 111,420 111,558 112,022
Effect of dilutive stock-based awards (in shares) 2,242 1,552 1,574
Adjusted weighted average shares for diluted earnings per share (in shares) 113,662 113,110 113,596
Basic earnings per share (in dollars per share) $ 5.41 $ 5.90 $ 4.18
Diluted earnings per share (in dollars per share) 5.30 5.82 4.12
Dividends per share (in dollars per share) $ 0.60 $ 0.50 $ 0.26