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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Revenue:        
Product $ 512,822 $ 465,556 $ 1,229,596 $ 1,088,299
Service 112,195 108,831 234,572 223,500
Net revenue 625,017 574,387 1,464,168 1,311,799
Delivery and subcontract revenue 69,644 59,794 145,804 130,752
Total revenue 694,661 634,181 1,609,972 1,442,551
Cost of revenue (excluding items shown separately below):        
Product 321,586 277,301 814,166 677,861
Service 80,573 72,450 170,626 154,408
Net cost of revenue 402,159 349,751 984,792 832,269
Delivery and subcontract cost 69,644 59,794 145,804 130,752
Total cost of revenue 471,803 409,545 1,130,596 963,021
General and administrative expenses 59,457 59,175 190,975 175,729
Depreciation, depletion, amortization and accretion 53,974 48,969 150,663 133,756
Transaction costs 1,260 2,581 3,817 6,474
Operating income 108,167 113,911 133,921 163,571
Interest expense 28,889 28,921 86,616 79,876
Loss on debt financings 0 0 149 190
Tax receivable agreement expense 0 501,752 0 503,277
Gain on sale of business (12,108) 0 (12,108) 0
Other income, net (3,371) (2,716) (11,942) (3,963)
Income (loss) from operations before taxes 94,757 (414,046) 71,206 (415,809)
Income tax expense (benefit) 20,765 (498,333) 16,249 (497,076)
Net income 73,992 84,287 54,957 81,267
Net income (loss) attributable to noncontrolling interest in subsidiaries 0 59 0 (27)
Net income attributable to Summit Holdings 2,703 2,964 1,888 2,474
Net income attributable to Summit Inc. 71,289 81,264 53,069 78,820
Summit Materials, LLC        
Revenue:        
Product 512,822 465,556 1,229,596 1,088,299
Service 112,195 108,831 234,572 223,500
Net revenue 625,017 574,387 1,464,168 1,311,799
Delivery and subcontract revenue 69,644 59,794 145,804 130,752
Total revenue 694,661 634,181 1,609,972 1,442,551
Cost of revenue (excluding items shown separately below):        
Product 321,586 277,301 814,166 677,861
Service 80,573 72,450 170,626 154,408
Net cost of revenue 402,159 349,751 984,792 832,269
Delivery and subcontract cost 69,644 59,794 145,804 130,752
Total cost of revenue 471,803 409,545 1,130,596 963,021
General and administrative expenses 59,457 59,175 190,975 175,729
Depreciation, depletion, amortization and accretion 53,974 48,969 150,663 133,756
Transaction costs 1,260 2,581 3,817 6,474
Operating income 108,167 113,911 133,921 163,571
Interest expense 28,720 28,708 86,066 79,195
Loss on debt financings 0 0 149 190
Gain on sale of business (12,108) 0 (12,108) 0
Other income, net (3,371) (2,716) (11,942) (3,963)
Income (loss) from operations before taxes 94,926 87,919 71,756 88,149
Income tax expense (benefit) 4,499 5,286 3,323 6,543
Net income 90,427 82,633 68,433 81,606
Net income (loss) attributable to noncontrolling interest 0 59 0 (27)
Net income attributable to Summit Inc. $ 90,427 $ 82,574 $ 68,433 $ 81,633
Common Class A        
Income per share of Class A common stock:        
Basic (usd per share) $ 0.64 $ 0.74 $ 0.48 $ 0.73
Diluted (usd per share) $ 0.64 $ 0.73 $ 0.47 $ 0.72
Weighted average shares of Class A common stock:        
Basic (in shares) 111,641,344 109,545,111 111,288,211 108,219,132
Diluted (in shares) 111,940,067 110,824,468 112,472,724 108,848,680