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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Jun. 27, 2015
Jun. 28, 2014
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Net sales $ 555,593 $ 649,691 $ 1,092,835 $ 1,224,065
Cost of goods sold 470,365 557,775 931,199 1,053,552
Depreciation and amortization 8,188 8,592 16,041 16,699
Selling, general, and administrative expense 33,420 33,367 66,251 66,508
Gain on sale of assets (15,376) 0 (15,376) (1,417)
Severance 3,442 1,753 3,442 2,212
Operating income 55,554 48,204 91,278 86,511
Interest expense (2,219) (1,457) (4,295) (2,483)
Other income, net 265 127 370 215
Income before income taxes 53,600 46,874 87,353 84,243
Income tax expense (19,738) (11,665) (31,151) (24,080)
Consolidated net income 33,862 35,209 56,202 60,163
Net income attributable to noncontrolling interest (211) (164) (573) (412)
Net income attributable to Mueller Industries, Inc. $ 33,651 $ 35,045 $ 55,629 $ 59,751
Weighted average shares for basic earnings per share (in shares) 56,247 55,973 56,220 55,946
Effect of dilutive stock-based awards (in shares) 743 747 737 800
Adjusted weighted average shares for diluted earnings per share (in shares) 56,990 56,720 56,957 56,746
Basic earnings per share (in dollars per share) $ 0.60 $ 0.63 $ 0.99 $ 1.07
Diluted earnings per share (in dollars per share) 0.59 0.62 0.98 1.05
Dividends per share (in dollars per share) $ 0.075 $ 0.075 $ 0.150 $ 0.150