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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 Supreme13.9 
Repayment of Supreme existing indebtedness and accrued interest178.2 
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 AcquiredInitial Purchase Price AllocationMeasurement Period ChangesUpdated Purchase Price Allocation
Cash and cash equivalents$11.8 $— $11.8 
Accounts receivable11.5 — 11.5 
Inventories17.3 (0.3)17.0 
Other current assets2.1 (0.1)2.0 
Property, plant and equipment115.9 (0.5)115.4 
Operating lease right-of-use assets17.6 — 17.6 
Other intangible assets256.9 2.3 259.2 
Other assets1.9 — 1.9 
$435.0 $1.4 $436.4 
Accounts payable$7.2 $— $7.2 
Current operating lease liabilities2.4 — 2.4 
Other current liabilities18.0 — 18.0 
Deferred income taxes69.8 (0.6)69.2 
Operating lease liabilities15.1 — 15.1 
Other non-current liabilities0.3 0.3 0.6 
$112.8 $(0.3)$112.5 
Net Assets Acquired$322.2 $1.7 $323.9 
Goodwill204.9 (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 TypeFair ValueUseful LifeValuation Methodology
Customer relationships$174.1 17.5 yearsMulti-period excess earnings
Tradenames85.1 IndefiniteRelief 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 Ended39 Weeks Ended
(U.S. Dollars presented in millions)September 28, 2025September 29, 2024September 28, 2025September 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 Ended39 Weeks Ended
(U.S. Dollars presented in millions)September 29, 2024September 29, 2024
Net Sales $718.1 $2,168.7 
Net Income$42.0 $118.3