XML 46 R27.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Quarterly Financial Information (Unaudited) | 12 Months Ended
--- | ---
Dec. 31, 2016
Quarterly Financial Information (Unaudited) [Abstract] |
Quarterly Financial Information (Unaudited) | Note 18 – Quarterly Financial Information (Unaudited) (8)
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
(In thousands, except per share data) |  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 532,809 |  |  | $ | 544,071 |  |  | $ | 506,584 |  |  |  | $ | 472,158 |  |
Gross profit (1) |  |  | 86,167 |  |  |  | 88,011 |  |  |  | 81,916 |  |  |  |  | 76,029 |  |
Consolidated net income (2) |  |  | 28,665 |  |  |  | 28,259 |  |  |  | 26,062 | (3 | ) |  |  | 16,768 | (4 | )
Net income attributable to Mueller Industries, Inc. |  |  | 28,630 |  |  |  | 27,797 |  |  |  | 25,978 |  |  |  |  | 17,322 |  |
Basic earnings per share |  |  | 0.51 |  |  |  | 0.49 |  |  |  | 0.46 |  |  |  |  | 0.31 |  |
Diluted earnings per share |  |  | 0.50 |  |  |  | 0.49 |  |  |  | 0.45 |  |  |  |  | 0.30 |  |
Dividends per share |  |  | 0.075 |  |  |  | 0.10 |  |  |  | 0.10 |  |  |  |  | 0.10 |  |
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 (7) |  |  | 22,340 |  |  |  | 33,862 | (5 | ) |  | 18,095 | (6 | ) |  |  | 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 |  |
(1) Gross profit is net sales less cost of goods sold, which excludes depreciation and amortization. |
(2) Includes income earned by Jungwoo-Mueller, acquired during Q2 2016. |
(3) Includes $3.0 million of pre-tax charges related to asset impairments. |
(4) Includes $3.8 million of pre-tax charges related to asset impairments. |
(5) Includes $15.4 million pre-tax gain on sale of assets and $3.4 million of pre-tax charges related to severance. |
(6) During Q3 2015, the Company recorded a permanent adjustment to a deferred tax liability of $4.2 million. |
(7) Includes income earned by Turbotec, acquired during Q2 2015, Sherwood, acquired during Q2 2015, and Great Lakes, acquired during Q3 2015. |
(8) 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. |

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: 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=68064558&loc=d3e765-108305 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=68064558&loc=d3e725-108305 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SelectedQuarterlyFinancialInformationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration