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Variable Interest Entity
 3 Months Ended
Apr. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Variable Interest Entity
Variable Interest Entity
As of April 1, 2018, and December 31, 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)
April 1,
2018
 
December 31,
2017
Current assets
$
9,075

 
$
7,213

Property, plant and equipment, net
10,731

 
11,344

Long-term deferred income taxes
6,550

 
5,472

Other assets, net
3,442

 
3,386

Current liabilities
(2,419
)
 
(2,326
)
Other long-term liabilities
(1,782
)
 
(1,699
)
Non-controlling interest
(4,015
)
 
(4,029
)
Net assets of the VIE consolidated by Masonite
$
21,582

 
$
19,361


Current assets include $4.7 million and $3.2 million of cash and cash equivalents as of April 1, 2018, and December 31, 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.