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Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 26, 2015
Quarterly Financial Information (Unaudited) [Abstract] |
Quarterly Financial Information (Unaudited) | Note 17 – Quarterly Financial Information (Unaudited) (7)
|  | First |  |  | Second |  |  |  | Third |  |  | Fourth |
(In thousands, except per share data) |  | Quarter |  |  | Quarter |  |  |  | Quarter |  |  | Quarter |
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 537,242 |  |  | $ | 555,593 |  |  |  | $ | 535,184 |  |  |  |  | $ | 471,983 |  |  |
Gross profit (1) |  |  | 76,408 |  |  |  | 85,228 |  |  |  |  | 68,017 |  |  |  |  |  | 60,647 |  |  |
Consolidated net income (2) |  |  | 22,340 |  |  |  | 33,862 |  | (3 | ) |  | 18,095 |  | (4 | ) |  |  | 14,110 |  |  |
Net income attributable to Mueller Industries, Inc. |  |  | 21,978 |  |  |  | 33,651 |  |  |  |  | 17,800 |  |  |  |  |  | 14,435 |  |  |
Basic earnings per share |  |  | 0.39 |  |  |  | 0.60 |  |  |  |  | 0.32 |  |  |  |  |  | 0.26 |  |  |
Diluted earnings per share |  |  | 0.39 |  |  |  | 0.59 |  |  |  |  | 0.31 |  |  |  |  |  | 0.25 |  |  |
Dividends per share |  |  | 0.075 |  |  |  | 0.075 |  |  |  |  | 0.075 |  |  |  |  |  | 0.075 |  |  |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 574,374 |  |  | $ | 649,691 |  |  |  | $ | 602,820 |  |  |  |  | $ | 537,342 |  |  |
Gross profit(1) |  |  | 78,597 |  |  |  | 91,916 |  |  |  |  | 81,542 |  |  |  |  |  | 68,453 |  |  |
Consolidated net income (5) |  |  | 24,954 |  |  |  | 35,209 |  |  |  |  | 24,322 |  |  |  |  |  | 18,049 |  | (6 | )
Net income attributable to Mueller Industries, Inc. |  |  | 24,706 |  |  |  | 35,045 |  |  |  |  | 23,823 |  |  |  |  |  | 17,987 |  |  |
Basic earnings per share |  |  | 0.44 |  |  |  | 0.63 |  |  |  |  | 0.42 |  |  |  |  |  | 0.32 |  |  |
Diluted earnings per share |  |  | 0.44 |  |  |  | 0.62 |  |  |  |  | 0.42 |  |  |  |  |  | 0.32 |  |  |
Dividends per share |  |  | 0.075 |  |  |  | 0.075 |  |  |  |  | 0.075 |  |  |  |  |  | 0.075 |  |  |
(1) Gross profit is net sales less cost of goods sold, which excludes depreciation and amortization. |
(2) Includes income earned by Turbotec, acquired during Q2 2015, Sherwood, acquired during Q2 2015, and Great Lakes, acquired during Q3 2015. |
(3) Includes $15.4 million pre-tax gain on sale of assets and $3.4 million of pre-tax charges related to severance. |
(4) During Q3 2015, the Company recorded a permanent adjustment to a deferred tax liability of $4.2 million. |
(5) Includes losses incurred by Yorkshire, acquired during Q1 2014. |
(6) Includes $4.8 million pre-tax gain on sale of assets and $4.2 million of pre-tax charges related to severance. |
(7) The sum of quarterly amounts may not equal the annual amounts reported due to rounding. In addition, the earnings per share amounts are computed independently for each quarter, while the full year is based on the weighted average shares outstanding. |

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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=51655806&loc=d3e765-108305 Reference 2: 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=51825399&loc=d3e1280-108306 Reference 3: 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=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: 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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