Summary of Organization and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2017

Summary of Organization and Significant Accounting Policies

Schedule of changes in ownership of Summit Holdings

The following table summarizes the changes in our ownership of Summit Holdings:

	Summit Inc. Shares (Class A)	LP Units	Total	Summit Inc. Ownership Percentage
Balance — December 31, 2016	96,033,222	5,151,297	101,184,519	94.9	%
January 2017 public offering	10,000,000	-	10,000,000
Exchanges during period	236,095	(236,095)	-
Other equity transactions	134,423	-	134,423
Balance — April 1, 2017	106,403,740	4,915,202	111,318,942	95.6	%
Exchanges during period	778,064	(778,064)	-
Other equity transactions	310,175	-	310,175
Balance — July 1, 2017	107,491,979	4,137,138	111,629,117	96.3	%
Exchanges during period	241,107	(241,107)	-
Other equity transactions	732,602	-	732,602
Balance — September 30, 2017	108,465,688	3,896,031	112,361,719	96.5	%
Balance — January 2, 2016 (1)	50,881,636	50,275,825	101,157,461	50.3	%
Issuance of Class A shares	1,038	-	1,038
Balance — April 2, 2016	50,882,674	50,275,825	101,158,499	50.3	%
Exchanges during period	13,177,754	(13,177,754)	-
Other equity transactions	6,250	-	6,250
Balance — July 2, 2016	64,066,678	37,098,071	101,164,749	63.3	%
Exchanges during period	12,634,500	(12,634,500)	-
Other equity transactions	833	-	833
Balance — October 1, 2016	76,702,011	24,463,571	101,165,582	75.8	%

(1) The January 2, 2016 balance of Summit Inc. Class A Shares of 50,881,636 is shown to reflect the retroactive application of 1,135,692 of Class A common stock issued as a stock dividend on December 28, 2016.