| Dec'19 | Dec'18 | Dec'17 | Jan'17 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||
2,176,683 | 2,170,103 | 2,032,925 | 1,973,964 | - | - | - | - | - |
Net sales | ||||||||
- | - | - | - | 1,871,965 | 1,837,700 | 1,731,143 | 1,676,005 | 1,489,179 |
Cost of goods sold | ||||||||
1,699,000 | 1,734,797 | 1,625,942 | 1,564,319 | 1,521,115 | 1,572,301 | 1,505,636 | 1,459,701 | 1,303,820 |
Gross profit | ||||||||
477,683 | 435,306 | 406,983 | 409,645 | 350,850 | 265,399 | 225,507 | 216,304 | 185,359 |
Selling, general and administration expenses | ||||||||
310,567 | 266,193 | 247,917 | 260,864 | 244,145 | 224,077 | 207,166 | 206,708 | 186,776 |
Restructuring costs | ||||||||
9,776 | 1,624 | 850 | 1,445 | 5,678 | 11,137 | 10,630 | 11,431 | 5,116 |
Asset impairment | ||||||||
13,767 | 5,243 | 0 | 1,511 | 9,439 | 18,202 | 1,904 | 1,350 | - |
Loss on disposal of subsidiaries | ||||||||
-14,260 | 0 | -212 | 6,575 | -59,984 | 0 | 0 | - | - |
Operating income | ||||||||
129,313 | 162,246 | 158,004 | 152,400 | 31,604 | 11,983 | 5,807 | -3,185 | -6,533 |
Interest expense, net | ||||||||
-46,489 | -39,008 | -30,153 | -28,178 | -32,884 | -41,525 | -33,230 | -31,454 | -18,068 |
Loss on extinguishment of debt | ||||||||
-14,523 | -5,414 | 0 | 0 | -28,046 | 0 | 0 | - | - |
Other expense (income), net | ||||||||
-1,953 | 2,533 | 1,570 | 1,707 | 1,757 | 587 | -2,316 | -528 | -1,111 |
Income before income tax expense | ||||||||
66,348 | 120,357 | 129,421 | 125,929 | -27,569 | -28,955 | -29,739 | -35,167 | -25,712 |
Income tax expense | ||||||||
17,309 | 23,813 | -27,560 | 21,787 | 14,172 | 4,533 | -21,377 | -13,365 | -21,560 |
Income (loss) from continuing operations | ||||||||
- | - | - | - | -41,741 | -33,488 | -8,362 | -21,802 | -4,152 |
Income (loss) from discontinued operations, net of tax | ||||||||
- | - | - | - | -908 | -630 | -598 | 1,480 | -303 |
Net income | ||||||||
49,039 | 96,544 | 156,981 | 104,142 | -42,649 | -34,118 | -8,960 | -20,322 | -4,455 |
Less: net income attributable to non-controlling interests | ||||||||
4,437 | 3,834 | 5,242 | 5,520 | 4,462 | 3,222 | 2,050 | 2,923 | 2,079 |
Net income attributable to Masonite | ||||||||
44,602 | 92,710 | 151,739 | 98,622 | -47,111 | -37,340 | -11,010 | -23,245 | -6,534 |
Earnings Per Share, Basic and Diluted [Abstract] | ||||||||
Basic earnings per common share attributable to Masonite (in dollars per share) | ||||||||
1.77 | 3.38 | 5.18 | 3.25 | -1.56 | -1.26 | -0.39 | -0.84 | -0.24 |
Diluted earnings per common share attributable to Masonite (in dollars per share) | ||||||||
1.75 | 3.33 | 5.09 | 3.17 | -1.56 | -1.26 | -0.39 | -0.84 | -0.24 |
Basic (in dollars per share) | ||||||||
- | - | - | - | -1.53 | -1.24 | -0.37 | -0.89 | -0.23 |
Diluted (in dollars per share) | ||||||||
- | - | - | - | -1.53 | -1.24 | -0.37 | -0.89 | -0.23 |
Other comprehensive income (loss): | ||||||||
Net income | ||||||||
49,039 | 96,544 | 156,981 | 104,142 | -42,649 | -34,118 | -8,960 | -20,322 | -4,455 |
Foreign currency translation gain (loss) | ||||||||
16,912 | -40,880 | 38,970 | -37,097 | -34,637 | -48,667 | -12,096 | 8,187 | -21,899 |
Pension and other post-retirement adjustment | ||||||||
-962 | 4,754 | -529 | 5,941 | 1,826 | 12,045 | -15,571 | -663 | 18,927 |
Pension settlement charges | ||||||||
5,651 | 0 | 0 | - | 2,400 | 0 | 0 | - | - |
Amortization of actuarial net losses | ||||||||
-1,798 | -1,291 | -1,113 | -1,070 | -889 | 0 | -1,413 | -1,689 | 0 |
Income tax expense related to other comprehensive income | ||||||||
2,230 | -742 | 1,026 | -1,155 | -385 | -3,076 | 6,266 | 1,561 | -7,353 |
Other comprehensive income (loss), net of tax | ||||||||
23,093 | -43,601 | 39,586 | -40,813 | -32,789 | -57,636 | -1,378 | 8,978 | -33,473 |
Comprehensive income (loss) | ||||||||
72,132 | 52,943 | 196,567 | 63,329 | -75,438 | -91,754 | -10,338 | -11,344 | -37,928 |
Less: comprehensive income attributable to non-controlling interests | ||||||||
4,780 | 3,000 | 5,994 | 5,745 | 3,362 | 2,244 | 1,289 | 3,157 | 1,824 |
Comprehensive income (loss) attributable to Masonite | ||||||||
67,352 | 49,943 | 190,573 | 57,584 | -78,800 | -93,998 | -11,627 | -14,501 | -39,752 |