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Supplemental Unaudited Quarterly Financial Information
12 Months Ended
Dec. 29, 2019
Quarterly Financial Information Disclosure [Abstract]  
Supplemental Unaudited Quarterly Financial Information Supplemental Unaudited Quarterly Financial Information
The following table sets forth the historical unaudited quarterly financial data for the periods indicated. The information for each of these periods has been prepared on the same basis as the audited consolidated financial statements and, in our opinion, reflects all adjustments necessary to present fairly our financial results. Operating results for previous periods do not necessarily indicate results that may be achieved in any future period.
 
Quarter Ended
(In thousands, except per share information)
December 29,
2019
 
September 29,
2019
 
June 30,
2019
 
March 31,
2019
Net sales
$
531,237

 
$
552,192

 
$
562,943

 
$
530,311

Cost of goods sold
420,192

 
426,588

 
434,013

 
418,207

Gross profit
111,045

 
125,604

 
128,930

 
112,104

Selling, general and administration expenses
76,752

 
77,573

 
78,142

 
78,100

Restructuring costs
2,681

 
1,994

 
1,361

 
3,740

Asset impairment

 

 
3,142

 
10,625

 Loss on disposal of subsidiaries
9,655

 

 

 
4,605

Operating income
21,957

 
46,037

 
46,285

 
15,034

Interest expense, net
12,096

 
11,909

 
11,357

 
11,127

Loss on extinguishment of debt

 
14,523

 

 

Other expense (income), net
4,363

 
(824
)
 
(456
)
 
(1,130
)
Income before income tax expense
5,498

 
20,429

 
35,384

 
5,037

Income tax expense
2,624

 
4,334

 
10,293

 
58

Net income
2,874

 
16,095

 
25,091

 
4,979

Less: net income attributable to non-controlling interest
1,272

 
1,126

 
849

 
1,190

Net income attributable to Masonite
$
1,602

 
$
14,969

 
$
24,242

 
$
3,789

Basic earnings per common share attributable to Masonite
$
0.06

 
$
0.60

 
$
0.96

 
$
0.15

Diluted earnings per common share attributable to Masonite
$
0.06

 
$
0.59

 
$
0.96

 
$
0.15

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
December 30,
2018
 
September 30,
2018
 
July 1,
2018
 
April 1,
2018
Net sales
$
528,350

 
$
557,148

 
$
566,726

 
$
517,879

Cost of goods sold
432,989

 
446,306

 
443,052

 
412,450

Gross profit
95,361

 
110,842

 
123,674

 
105,429

Selling, general and administration expenses
61,601

 
64,530

 
71,851

 
68,211

Restructuring costs
1,624

 

 

 

Asset impairment
5,243

 

 

 

Operating income
26,893

 
46,312

 
51,823

 
37,218

Interest expense, net
11,027

 
10,151

 
9,074

 
8,756

Loss on extinguishment of debt

 
5,414

 

 

Other expense (income), net
(724
)
 
(948
)
 
(839
)
 
(22
)
Income before income tax expense
16,590

 
31,695

 
43,588

 
28,484

Income tax expense
3,067

 
6,151

 
7,894

 
6,701

Net income
13,523

 
25,544

 
35,694

 
21,783

Less: net income attributable to non-controlling interest
1,176

 
748

 
953

 
957

Net income attributable to Masonite
$
12,347

 
$
24,796

 
$
34,741

 
$
20,826

Basic earnings per common share attributable to Masonite
$
0.47

 
$
0.90

 
$
1.26

 
$
0.74

Diluted earnings per common share attributable to Masonite
$
0.46

 
$
0.89

 
$
1.24

 
$
0.73