Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 29, 2019

Business Combinations [Abstract]

Aggregate consideration paid for acquisitions

The fair value of assets acquired and liabilities assumed in the 2018 Acquisitions are as follows:

(In thousands)	BWI			Graham & Maiman			DW3			Total 2018 Acquisitions
Accounts Receivable	$	9,215		$	—		$	8,590		$	17,805
Inventory	10,736			6,090			5,059			21,885
Property, plant and equipment	2,222			19,557			8,196			29,975
Goodwill	3,739			10,996			33,623			48,358
Intangible assets	2,970			2,750			62,873			68,593
Accounts payable and accrued expenses	(6,816		)	(426		)	(10,418		)	(17,660		)
Deferred income taxes	—			—			(11,546		)	(11,546		)
Other assets and liabilities, net	240			—			(68		)	172
Cash consideration, net of cash acquired	$	22,306		$	38,967		$	96,309		$	157,582

Intangible assets acquired

Intangible assets acquired from the 2018 Acquisitions consist of the following:

(In thousands)	BWI		Expected Useful Life (Years)	Graham & Maiman		Expected Useful Life (Years)	DW3		Expected Useful Life (Years)
Customer relationships	$	1,200	10.0	$	2,400	10.0	$	49,554	10.0
Trademarks and tradenames	900		10.0	350		1.5	11,785		10.0
Patents	—			—			1,420		10.0
Other	870		2.2	—			114		3.0
Total intangible assets acquired	$	2,970		$	2,750		$	62,873

Pro forma information of acquisitions

The following schedule represents the amounts of net sales and net income attributable to Masonite from the A&F acquisition which have been included in the consolidated statements of comprehensive income for the period indicated subsequent to the acquisition date.

(In thousands)	December 31, 2017
Net sales	$	3,883
Net income attributable to Masonite	825

The following schedule represents the amounts of net sales and net income (loss) attributable to Masonite from the 2018 Acquisitions which have been included in the consolidated statements of comprehensive income for the period indicated subsequent to the acquisition date.

	Year Ended December 30, 2018
(In thousands)	BWI			Graham & Maiman		DW3		Total 2018 Acquisitions
Net sales	$	13,168		$	38,901	$	68,474	$	120,543
Net income (loss) attributable to Masonite	(1,231		)	314		6,712		5,795

	Year Ended December 30, 2018
(In thousands, except per share amounts)	Masonite		BWI	Graham & Maiman	DW3	Intercompany Eliminations			Pro Forma
Net sales	$	2,170,103	77,110	26,887	4,918	$	(32,720	)	$	2,246,298
Net income attributable to Masonite	92,710		436	89	81	—			93,316
Basic earnings per common share	$	3.38							$	3.40
Diluted earnings per common share	3.33								3.35

	Year Ended December 31, 2017
(In thousands, except per share amounts)	Masonite		BWI		Graham & Maiman	DW3	A&F		Intercompany Eliminations			Pro Forma
Net sales	$	2,032,925	104,291		65,468	58,086	$	11,104	$	(43,543	)	$	2,228,331
Net income attributable to Masonite	151,739		(1,811	)	145	2,035	1,299		—			153,407
Basic earnings per common share	$	5.18										$	5.24
Diluted earnings per common share	5.09											5.15