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Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended
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Dec. 29, 2012
Quarterly Financial Information (Unaudited) [Abstract] |
Quarterly Financial Information (Unaudited) |
|  | First |  |  | Second |  |  | Third |  | Fourth
(In thousands, except per share data) |  | Quarter |  |  | Quarter |  |  | Quarter |  | Quarter
2012 |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 577,668 |  |  | $ | 594,099 |  |  | $ | 514,165 |  |  | $ | 504,006 |  |
Gross profit (1) |  |  | 84,493 |  |  |  | 71,248 |  |  |  | 64,447 |  |  |  | 65,287 |  |
Consolidated net income |  |  | 32,817 |  | (3) |  | 18,540 |  |  |  | 15,570 |  |  |  | 16,746 |  |
Net income attributable to Mueller Industries, Inc. |  |  | 32,599 |  |  |  | 17,917 |  |  |  | 15,511 |  |  |  | 16,368 |  |
Basic earnings per share |  |  | 0.86 |  |  |  | 0.47 |  |  |  | 0.41 |  |  |  | 0.59 |  | (4)
Diluted earnings per share |  |  | 0.85 |  |  |  | 0.47 |  |  |  | 0.41 |  |  |  | 0.58 |  | (4)
Dividends per share |  |  | 0.10 |  |  |  | 0.10 |  |  |  | 0.10 |  |  |  | 0.125 |  |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 687,681 |  |  | $ | 652,923 |  |  | $ | 585,809 |  |  | $ | 491,384 |  |
Gross profit (1) |  |  | 97,807 |  |  |  | 79,046 |  |  |  | 61,825 |  |  |  | 63,442 |  |
Consolidated net income |  |  | 40,542 |  | (2) |  | 22,731 |  |  |  | 10,741 |  |  |  | 13,072 |  |
Net income attributable to Mueller Industries, Inc. |  |  | 40,587 |  |  |  | 22,331 |  |  |  | 10,475 |  |  |  | 12,928 |  |
Basic earnings per share |  |  | 1.08 |  |  |  | 0.59 |  |  |  | 0.28 |  |  |  | 0.34 |  |
Diluted earnings per share |  |  | 1.07 |  |  |  | 0.59 |  |  |  | 0.27 |  |  |  | 0.34 |  |
Dividends per share |  |  | 0.10 |  |  |  | 0.10 |  |  |  | 0.10 |  |  |  | 0.10 |  |
(1) Gross profit is net sales less cost of goods sold, which excludes depreciation and amortization.
(2) Includes gain from litigation settlement of $6.8 million after tax.
(3) Includes $8.0 million gain from liquidation of LIFO inventory layers and $1.5 million gain from settlement of insurance claims.
(4) Includes the repurchase of 10.4 million shares from Leucadia in September 2012

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 + Details
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