XML 46 R27.htm IDEA: XBRL DOCUMENT
v3.20.4

Quarterly Financial Information (Unaudited) | 12 Months Ended
--- | ---
Dec. 26, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information (Unaudited) | Quarterly Financial Information (Unaudited) (1)
(In thousands, except per share data) |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |
2020 |  |  |  |  |  |  |  |  |
Net sales |  | $ | 602,919 |  |  | $ | 500,168 |  |  | $ | 619,105 |  |  | $ | 675,851 |  |
Gross profit (2) |  | 94,204 |  |  | 97,009 |  |  | 118,325 |  |  | 122,344 |  |
Consolidated net income (3) |  | 33,951 |  |  | 28,487 |  |  | 43,957 |  |  | 37,254 |  |
Net income attributable to Mueller Industries, Inc. |  | 32,415 |  |  | 27,956 |  |  | 42,702 |  |  | 36,420 |  |
Basic earnings per share |  | 0.58 |  |  | 0.50 |  |  | 0.77 |  |  | 0.65 |  |
Diluted earnings per share |  | 0.57 |  |  | 0.50 |  |  | 0.76 |  |  | 0.64 |  |
Dividends per share |  | 0.10 |  |  | 0.10 |  |  | 0.10 |  |  | 0.10 |  |
2019 |  |  |  |  |  |  |  |  |
Net sales |  | $ | 611,781 |  |  | $ | 666,394 |  |  | $ | 608,602 |  |  | $ | 543,839 |  |
Gross profit (2) |  | 100,388 |  |  | 102,446 |  |  | 97,814 |  |  | 94,358 |  |
Consolidated net income |  | 17,139 |  |  | 28,676 |  |  | 30,444 |  |  | 29,973 |  |
Net income attributable to Mueller Industries, Inc. |  | 15,723 |  |  | 27,986 |  |  | 29,093 |  |  | 28,170 |  |
Basic earnings per share |  | 0.28 |  |  | 0.50 |  |  | 0.52 |  |  | 0.50 |  |
Diluted earnings per share |  | 0.28 |  |  | 0.50 |  |  | 0.52 |  |  | 0.50 |  |
Dividends per share |  | 0.10 |  |  | 0.10 |  |  | 0.10 |  |  | 0.10 |  |
(1)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. (2)Gross profit is net sales less cost of goods sold, which excludes depreciation and amortization. (3)Includes income earned by Shoals Tubular, Inc., acquired during Q1 2020, and Kessler Sales and Distribution, acquired during Q3 2020.

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

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration