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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Income Statement [Abstract]    
Net sales $ 849,654 $ 971,192
Cost of goods sold 608,703 678,798
Depreciation and amortization 9,169 10,657
Selling, general, and administrative expense 48,357 52,631
Operating income 183,425 229,106
Interest expense (115) (143)
Interest income 17,245 6,235
Realized gains on short-term investments 365 1,910
Other income, net 630 326
Income before income taxes 201,550 237,434
Income tax expense (51,834) (61,357)
Loss from unconsolidated affiliates, net of foreign tax (8,007) (984)
Consolidated net income 141,709 175,093
Net income attributable to noncontrolling interests (3,346) (1,854)
Net income attributable to Mueller Industries, Inc. $ 138,363 $ 173,239
Weighted average shares for basic earnings per share (in shares) [1] 111,416 111,386
Effect of dilutive stock-based awards (in shares) [1] 2,729 1,414
Adjusted weighted average shares for diluted earnings per share (in shares) [1] 114,145 112,800
Basic earnings per share (in dollars per share) [1] $ 1.24 $ 1.56
Diluted earnings per share (in dollars per share) [1] 1.21 1.54
Dividends per share (in dollars per share) [1] $ 0.20 $ 0.15
[1] Adjusted retroactively to reflect the two-for-one stock split that occurred on October 20, 2023. Refer to Note 2 - Earnings per Common Share for additional information.

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