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| MLI > SEC Filings for MLI > Form 8-K on 27-Jul-2012 | All Recent SEC Filings |
27-Jul-2012
Other Events, Financial Statements and Exhibits
Mueller Industries, Inc. (the Company) is filing this Current Report on Form 8-K to reflect the retrospective adoption of a new accounting pronouncement with respect to the financial information contained in its Annual Report on Form 10-K for the fiscal year ended December 31, 2011. As previously disclosed in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 (filed with the Securities and Exchange Commission on April 27, 2012), the Company adopted Accounting Standard Update (ASU) No. 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income, which requires presentation of the components of net income and other comprehensive income either as one continuous statement or as two consecutive statements and eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders' equity. The standard does not change the items that must be reported in other comprehensive income, how such items are measured or when they must be reclassified to net income.
Exhibit 99.1 presents the retrospective application of ASU 2011-05, as revised by ASU No. 2011-12, Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05, for the fiscal years ended December 31, 2011, December 25, 2010, and December 26, 2009 and should be read in conjunction with the information in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2011.
(d) Exhibits
99.1 Consolidated Statements of Comprehensive Income
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