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Variable Interest Entity
 9 Months Ended
Oct. 01, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Variable Interest Entity
Variable Interest Entity
As of October 1, 2017, and January 1, 2017, we held an interest in one variable interest entity ("VIE"), Magna Foremost Sdn Bhd, which is located in Bintulu, Malaysia. The VIE is integrated into our supply chain and manufactures door facings. We are the primary beneficiary of the VIE via the terms of the existing operating principles with the VIE. As primary beneficiary via the operating principles, we receive a disproportionate amount of earnings on sales to third parties in relation to our voting interest, and as a result, receive a majority of the VIE’s residual returns. Sales to third parties did not have a material impact on our condensed consolidated financial statements. We also have the power to direct activities of the VIE that most significantly impact the entity’s economic performance. As its primary beneficiary, we have consolidated the results of the VIE. Our net cumulative investment in the VIE was comprised of the following as of the dates indicated:
(In thousands)
October 1,
2017
 
January 1,
2017
Current assets
$
12,223

 
$
6,633

Property, plant and equipment, net
11,941

 
13,673

Long-term deferred income taxes
6,286

 
6,505

Other assets, net
3,153

 
1,789

Current liabilities
(2,255
)
 
(2,044
)
Other long-term liabilities
(2,247
)
 
(2,115
)
Non-controlling interest
(5,823
)
 
(4,664
)
Net assets of the VIE consolidated by Masonite
$
23,278

 
$
19,777


Current assets include $6.9 million and $2.6 million of cash and cash equivalents as of October 1, 2017, and January 1, 2017, respectively. Assets recognized as a result of consolidating this VIE do not represent additional assets that could be used to satisfy claims against our general assets. Furthermore, liabilities recognized as a result of consolidating these entities do not represent additional claims on our general assets; rather, they represent claims against the specific assets of the consolidated VIE.