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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Oct. 02, 2022
Oct. 03, 2021
Statement of Comprehensive Income [Abstract]        
Net sales $ 727,626 $ 652,208 $ 2,215,717 $ 1,960,955
Cost of goods sold 560,442 498,103 1,684,799 1,483,870
Gross profit 167,184 154,105 530,918 477,085
Selling, general and administration expenses 82,690 76,632 256,266 242,774
Restructuring (benefit) costs (141) 1,311 (221) 5,146
Asset impairment 0 0 0 10,374
Loss on disposal of subsidiaries 0 0 0 (8,590)
Operating income 84,635 76,162 274,873 210,201
Interest expense, net 10,266 11,349 31,098 35,213
Loss on extinguishment of debt 0 (13,583) 0 (13,583)
Other (income) expense, net 211 (1,471) (1,604) (4,400)
Income before income tax expense 74,158 52,701 245,379 165,805
Income tax expense 16,376 13,854 59,502 42,713
Net income 57,782 38,847 185,877 123,092
Less: net income attributable to non-controlling interests 745 1,156 2,743 3,374
Net income attributable to Masonite $ 57,037 $ 37,691 $ 183,134 $ 119,718
Basic earnings per common share attributable to Masonite (in dollars per share) $ 2.56 $ 1.57 $ 8.09 $ 4.92
Diluted earnings per common share attributable to Masonite (in dollars per share) $ 2.54 $ 1.54 $ 8.01 $ 4.84
Comprehensive income:        
Net income $ 57,782 $ 38,847 $ 185,877 $ 123,092
Other comprehensive loss:        
Foreign currency translation loss (29,021) (9,164) (59,518) (897)
Amortization of actuarial net losses 6 334 18 1,000
Income tax benefit (expense) related to other comprehensive loss (45) (83) (58) (196)
Other comprehensive (loss) income, net of tax (29,060) (8,913) (59,558) (93)
Comprehensive income 28,722 29,934 126,319 122,999
Less: comprehensive (loss) income attributable to non-controlling interests 700 990 3,339 3,477
Comprehensive income attributable to Masonite $ 28,022 $ 28,944 $ 122,980 $ 119,522