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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 29, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Information for the Equity Awards Granted
The following table summarizes information for the equity awards granted in 2018:
 
 
 
Options
 
Restricted Stock Units
 
Performance Stock Units
 
Warrants
 
 

 
Weighted
 

 
Weighted
 

 
Weighted
 

 
Weighted
 
 

 
average grant-
 
Number of
 
average grant-
 
Number of
 
average grant-
 

 
average grant-
 
 
Number of
 
date fair value
 
restricted
 
date fair value
 
performance
 
date fair value
 
Number of
 
date fair value
 
 
options
 
per unit
 
stock units
 
per unit
 
stock units
 
per unit
 
warrants
 
per unit
Beginning balance—December 30, 2017
 
4,153,613

 
$
9.13

 
508,586

 
$
20.14

 
211,455

 
$
23.69

 
102,778

 
$
18.00

Granted
 
—

 
—

 
689,386

 
28.68

 
102,842

 
40.83

 
—

 
—

Forfeited
 
(22,566
)
 
10.91

 
(21,551
)
 
28.11

 
(19,045
)
 
26.26

 
—

 
—

Exercised
 
(863,898
)
 
8.88

 
—

 
—

 
—

 
—

 
(2,741
)
 
18.00

Vested
 
—

 
—

 
(252,113
)
 
21.95

 
—

 
—

 
—

 
—

Balance—December 29, 2018
 
3,267,149

 
$
9.09

 
924,308

 
$
24.57

 
295,252

 
$
29.12

 
100,037

 
$
18.00

Weighted Average Assumptions Used to Estimate the Fair Value of Grants
The following table presents the weighted average assumptions used to estimate the fair value of grants in 2018, 2017 and 2016:
 
 
Options
 
Performance Stock Units
 
 
2017
 
2016
 
2018
 
2017
 
2016
Risk-free interest rate
 
2.06% - 2.31%
 
1.75% - 1.97%
 
2.38%
 
1.45%
 
0.88%
Dividend yield
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Volatility
 
47%
 
48%
 
38%
 
39%
 
37%
Expected term
 
7 years
 
10 years
 
3 years
 
3 years
 
3 years
Summit Materials, LLC  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Information for the Equity Awards Granted
The following table summarizes information for the equity awards granted in 2018:
 
 
 
Options
 
Restricted Stock Units
 
Performance Stock Units
 
Warrants
 
 
 
 
Weighted
 
 
 
Weighted
 
 
 
Weighted
 
 
 
Weighted
 
 
 
 
average grant-
 
Number of
 
average grant-
 
Number of
 
average grant-
 

 
average grant-
 
 
Number of
 
date fair value
 
restricted
 
date fair value
 
performance
 
date fair value
 
Number of
 
date fair value
 
 
options
 
per unit
 
stock units
 
per unit
 
stock units
 
per unit
 
warrants
 
per unit
Beginning balance—December 30, 2017
 
4,153,613

 
$
9.13

 
508,586

 
$
20.14

 
211,455

 
$
23.69

 
102,778

 
$
18.00

Granted
 
—

 
—

 
689,386

 
28.68

 
102,842

 
40.83

 
—

 
—

Forfeited
 
(22,566
)
 
10.91

 
(21,551
)
 
28.11

 
(19,045
)
 
26.26

 
—

 
—

Exercised
 
(863,898
)
 
8.88

 
—

 
—

 
—

 
—

 
(2,741
)
 
18.00

Vested
 
—

 
—

 
(252,113
)
 
21.95

 
—

 
—

 
—

 
—

Balance—December 29, 2018
 
3,267,149

 
$
9.09

 
924,308

 
$
24.57

 
295,252

 
$
29.12

 
100,037

 
$
18.00

Weighted Average Assumptions Used to Estimate the Fair Value of Grants
The following table presents the weighted average assumptions used to estimate the fair value of grants in 2018, 2017 and 2016:
 
Options
 
Performance Stock Units
 
 
2017
 
2016
 
2018
 
2017
 
2016
Risk-free interest rate
 
2.06% - 2.31%
 
1.75% - 1.97%
 
2.38%
 
1.45%
 
0.88%
Dividend yield
 
N/A
 
N/A
 
N/A
 
N/A
 
N/A
Volatility
 
47%
 
48%
 
38%
 
39%
 
37%
Expected term
 
7 years
 
10 years
 
3 years
 
3 years
 
3 years