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Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 28, 2013
Quarterly Financial Information (Unaudited) [Abstract] |
Quarterly Financial Information (Unaudited) | Note 16 – Quarterly Financial Information (Unaudited)
|  | First |  | Second |  | Third |  | Fourth
(In thousands, except per share data) |  | Quarter |  | Quarter |  | Quarter |  | Quarter
2013 |  |  |  |  |  |  |  |  |
Net sales |  | $ | 559,690 |  |  | $ | 582,282 |  |  | $ | 528,854 |  |  | $ | 487,715 |
Gross profit (1) |  |  | 76,840 |  |  |  | 81,157 |  |  |  | 72,552 |  |  |  | 65,903 |
Consolidated net income |  |  | 26,434 |  |  |  | 91,842 | (4) |  |  | 39,993 | (5) |  |  | 15,020 |
Net income attributable to Mueller Industries, Inc. |  |  | 26,202 |  |  |  | 91,150 |  |  |  | 39,864 |  |  |  | 15,384 |
Basic earnings per share (2) |  |  | 0.94 |  |  |  | 3.27 |  |  |  | 1.43 |  |  |  | 0.55 |
Diluted earnings per share (2) |  |  | 0.93 |  |  |  | 3.23 |  |  |  | 1.41 |  |  |  | 0.54 |
Dividends per share |  |  | 0.125 |  |  |  | 0.125 |  |  |  | 0.125 |  |  |  | 0.125 |
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 | (6)
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 | (2)
Diluted earnings per share |  |  | 0.85 |  |  |  | 0.47 |  |  |  | 0.41 |  |  |  | 0.58 | (2)
Dividends per share |  |  | 0.10 |  |  |  | 0.10 |  |  |  | 0.10 |  |  |  | 0.125 |
(1) Gross profit is net sales less cost of goods sold, which excludes depreciation and amortization.
(2) Includes the repurchase of 10.4 million shares from Leucadia in September 2012
(3) Includes pre-tax gain of $8.0 million from liquidation of LIFO inventory layers and $1.5 million from settlement of insurance claims.
(4) Includes $106.3 million pre-tax gain from settlement of insurance claims.
(5) Includes $39.8 million pre-tax gain on sale of manufacturing assets and pre-tax impairment charges of $4.3 million primarily related to real property associated with the aforementioned plastics sale transaction.
(6) Includes $4.1 million net gain from settlement of litigation.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: 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 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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