XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.25.3

Acquisitions (Tables) | 9 Months Ended
--- | ---
Sep. 28, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The purchase consideration was $527.3 million.
(U.S. Dollars presented in millions) |  |
Cash considerations paid to Supreme shareholders |  | $ | 336.4 |
Cash paid for transaction costs of Supreme |  | 13.9 |
Repayment of Supreme existing indebtedness and accrued interest |  | 178.2 |
Total Cash Consideration |  | $ | 528.5 |
Purchase price adjustments |  | (1.2) |
Total Purchase Consideration |  | $ | 527.3 |
Business Combination, Recognized Asset Acquired and Liability Assumed | The following table sets forth the allocation of the purchase consideration to the assets acquired and liabilities assumed of Supreme, with the excess recorded to goodwill:
(U.S. Dollars presented in millions) |  |  |  |  |  |
Net Assets Acquired |  | Initial Purchase Price Allocation |  | Measurement Period Changes |  | Updated Purchase Price Allocation
Cash and cash equivalents |  | $ | 11.8 |  |  | $ | — |  |  | $ | 11.8 |
Accounts receivable |  | 11.5 |  |  | — |  |  | 11.5 |
Inventories |  | 17.3 |  |  | (0.3) |  |  | 17.0 |
Other current assets |  | 2.1 |  |  | (0.1) |  |  | 2.0 |
Property, plant and equipment |  | 115.9 |  |  | (0.5) |  |  | 115.4 |
Operating lease right-of-use assets |  | 17.6 |  |  | — |  |  | 17.6 |
Other intangible assets |  | 256.9 |  |  | 2.3 |  |  | 259.2 |
Other assets |  | 1.9 |  |  | — |  |  | 1.9 |
|  | $ | 435.0 |  |  | $ | 1.4 |  |  | $ | 436.4 |
Accounts payable |  | $ | 7.2 |  |  | $ | — |  |  | $ | 7.2 |
Current operating lease liabilities |  | 2.4 |  |  | — |  |  | 2.4 |
Other current liabilities |  | 18.0 |  |  | — |  |  | 18.0 |
Deferred income taxes |  | 69.8 |  |  | (0.6) |  |  | 69.2 |
Operating lease liabilities |  | 15.1 |  |  | — |  |  | 15.1 |
Other non-current liabilities |  | 0.3 |  |  | 0.3 |  |  | 0.6 |
|  | $ | 112.8 |  |  | $ | (0.3) |  |  | $ | 112.5 |
Net Assets Acquired |  | $ | 322.2 |  |  | $ | 1.7 |  |  | $ | 323.9 |
Goodwill |  | 204.9 |  |  | (1.5) |  |  | 203.4 |
Purchase Consideration |  | $ | 527.1 |  |  | $ | 0.2 |  |  | $ | 527.3 |
Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived | The estimated fair values of the identifiable intangible assets acquired, their estimated useful lives and the related valuation methodology are as follows:
(U.S. Dollars presented in millions) |  |  |  |  |  |
Asset Type |  | Fair Value |  | Useful Life |  | Valuation Methodology
Customer relationships |  | $ | 174.1 |  |  | 17.5 years |  | Multi-period excess earnings
Tradenames |  | 85.1 |  |  | Indefinite |  | Relief from royalty method
Total other intangible assets |  | $ | 259.2 |  |  |  |  |
Schedule of Business Combination, Pro Forma Information | Net sales and earnings related to the operations of Supreme that have been included in our condensed consolidated statements of income for the thirteen and thirty-nine weeks ended September 28, 2025 are as follows:
|  | 13 Weeks Ended |  | 39 Weeks Ended
(U.S. Dollars presented in millions) |  | September 28, 2025 |  | September 29, 2024 |  | September 28, 2025 |  | September 29, 2024
Net Sales |  | $ | 62.9 |  |  | $ | 60.8 |  |  | $ | 194.4 |  |  | $ | 60.8 |
Net Income |  | $ | 3.7 |  |  | $ | 4.2 |  |  | $ | 13.3 |  |  | $ | 4.2 |
The following table summarizes, on a pro forma basis, the combined results of operations of Supreme and MasterBrand as though the acquisition and the related financing had occurred as of December 26, 2022. The pro forma results are not necessarily indicative of either the actual consolidated results had the acquisition of Supreme occurred on December 26, 2022, nor are they indicative of future consolidated operating results.
|  |  | 13 Weeks Ended |  |  |  | 39 Weeks Ended
(U.S. Dollars presented in millions) |  |  |  | September 29, 2024 |  |  |  | September 29, 2024
Net Sales |  |  |  | $ | 718.1 |  |  |  |  | $ | 2,168.7 |
Net Income |  |  |  | $ | 42.0 |  |  |  |  | $ | 118.3 |

X
- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired in business combination. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-41 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of asset acquired and liability assumed in business combination and recognized at acquisition date. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration