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Variable Interest Entity
 12 Months Ended
Dec. 29, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Variable Interest Entity Variable Interest Entity
As of December 29, 2019, and December 30, 2018, 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 based on the terms of the existing supply agreement with the VIE. As primary beneficiary via the supply agreement, 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 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)
December 29,
2019
 
December 30,
2018
Current assets
$
10,662

 
$
9,632

Property, plant and equipment, net
8,179

 
9,327

Long-term deferred income taxes
3,032

 
4,306

Other assets
3,575

 
3,122

Current liabilities
(2,989
)
 
(2,653
)
Other long-term liabilities
(517
)
 
(859
)
Non-controlling interest
(3,730
)
 
(3,835
)
Net assets of the VIE consolidated by Masonite
$
18,212

 
$
19,040


Current assets include $6.5 million and $5.7 million of cash and cash equivalents as of December 29, 2019, and December 30, 2018, 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.