XML 22 R9.htm IDEA: XBRL DOCUMENT v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated other comprehensive loss
Treasury Stock
Noncontrolling Interest
Balance at beginning of period at Dec. 31, 2022   $ 802 $ 297,270 $ 2,059,796 $ (64,175) $ (502,779) $ 23,050
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Acquisition of shares under incentive stock option plans     434        
Stock-based compensation expense     12,459        
Issuance of restricted stock     (458)     458  
Net income attributable to Mueller Industries, Inc. $ 350,950     350,950      
Dividends paid or payable to stockholders of Mueller Industries, Inc.       (34,128)      
Total other comprehensive (loss) income attributable to Mueller Industries, Inc. 17,890       17,926    
Issuance (acquisition) of shares under incentive stock option plans           (3,022)  
Repurchase of common stock           (19,303)  
Net income attributable to noncontrolling interests (3,694)           3,694
Foreign currency translation 17,976           (36)
Balance at end of period at Jul. 01, 2023   802 309,705 2,376,618 (46,249) (524,646) 26,708
Balance at beginning of period at Apr. 01, 2023   802 303,133 2,215,939 (51,951) (505,616) 25,162
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Acquisition of shares under incentive stock option plans     208        
Stock-based compensation expense     6,822        
Issuance of restricted stock     (458)     458  
Net income attributable to Mueller Industries, Inc. 177,711     177,711      
Dividends paid or payable to stockholders of Mueller Industries, Inc.       (17,032)      
Total other comprehensive (loss) income attributable to Mueller Industries, Inc. 5,408       5,702    
Issuance (acquisition) of shares under incentive stock option plans           (185)  
Repurchase of common stock           (19,303)  
Net income attributable to noncontrolling interests (1,840)           1,840
Foreign currency translation 7,725           (294)
Balance at end of period at Jul. 01, 2023   802 309,705 2,376,618 (46,249) (524,646) 26,708
Balance at beginning of period at Dec. 30, 2023 2,358,716 1,604 312,171 2,594,300 (47,221) (523,409) 21,271
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Acquisition of shares under incentive stock option plans     343        
Stock-based compensation expense     13,476        
Issuance of restricted stock     (227)     227  
Net income attributable to Mueller Industries, Inc. 298,528     298,528      
Dividends paid or payable to stockholders of Mueller Industries, Inc.       (45,408)      
Total other comprehensive (loss) income attributable to Mueller Industries, Inc. (14,085)       (12,941)    
Issuance (acquisition) of shares under incentive stock option plans           (2,346)  
Repurchase of common stock           (42,994)  
Net income attributable to noncontrolling interests (6,628)           6,628
Foreign currency translation (12,026)           (1,144)
Balance at end of period at Jun. 29, 2024 2,572,858 1,604 325,763 2,847,420 (60,162) (568,522) 26,755
Balance at beginning of period at Mar. 30, 2024   1,604 318,684 2,709,950 (51,754) (554,110) 23,996
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Acquisition of shares under incentive stock option plans     61        
Stock-based compensation expense     7,245        
Issuance of restricted stock     (227)     227  
Net income attributable to Mueller Industries, Inc. 160,165     160,165      
Dividends paid or payable to stockholders of Mueller Industries, Inc.       (22,695)      
Total other comprehensive (loss) income attributable to Mueller Industries, Inc. (8,931)       (8,408)    
Issuance (acquisition) of shares under incentive stock option plans           425  
Repurchase of common stock           (15,064)  
Net income attributable to noncontrolling interests (3,282)           3,282
Foreign currency translation (7,871)           (523)
Balance at end of period at Jun. 29, 2024 $ 2,572,858 $ 1,604 $ 325,763 $ 2,847,420 $ (60,162) $ (568,522) $ 26,755