Fair Value (Tables)

12 Months Ended

Dec. 29, 2018

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Contingent Consideration and Derivatives Measured at Fair Value

he fair value of contingent consideration and derivatives as of December 29, 2018 and December 30, 2017 was: 

	2018		2017
Current portion of acquisition-related liabilities and Accrued expenses:
Contingent consideration	$	1,394	$	594
Cash flow hedges	—		488
Acquisition-related liabilities and Other noncurrent liabilities
Contingent consideration	$	5,175	$	34,301
Cash flow hedges	—		492

Schedule of Carrying Value and Fair Value of Financial Instruments

The carrying value and fair value of these financial instruments as of December 29, 2018 and December 30, 2017 were: 

	December 29, 2018				December 30, 2017
	Fair Value		Carrying Value		Fair Value		Carrying Value
Level 2
Long-term debt(1)	$	1,777,722	$	1,828,159	$	1,893,239	$	1,832,455
Level 3
Current portion of deferred consideration and noncompete obligations(2)	32,876		32,876		13,493		13,493
Long term portion of deferred consideration and noncompete obligations(3)	44,293		44,293		23,834		23,834

_____________________

(1) $6.4 million and $4.8 million included in current portion of debt as of December 29, 2018 and December 30, 2017, respectively.

(2) Included in current portion of acquisition-related liabilities on the consolidated balance sheets.

(3) Included in acquisition-related liabilities on the consolidated balance sheets.

Summit Materials, LLC

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Contingent Consideration and Derivatives Measured at Fair Value

The fair value of contingent consideration and derivatives as of December 29, 2018 and December 30, 2017 was:

	2018		2017
Current portion of acquisition-related liabilities and Accrued expenses:
Contingent consideration	$	1,394	$	594
Cash flow hedges	—		488
Acquisition-related liabilities and Other noncurrent liabilities
Contingent consideration	$	5,175	$	34,301
Cash flow hedges	—		492

Schedule of Carrying Value and Fair Value of Financial Instruments

The carrying value and fair value of these financial instruments as of December 29, 2018 and December 30, 2017 were:

	December 29, 2018				December 30, 2017
	Fair Value		Carrying Value		Fair Value		Carrying Value
Level 2
Long-term debt(1)	$	1,777,722	$	1,828,159	$	1,893,239	$	1,832,455
Level 3
Current portion of deferred consideration and noncompete obligations(2)	30,376		30,376		10,993		10,993
Long term portion of deferred consideration and noncompete obligations(3)	40,179		40,179		17,938		17,938

______________________

(1)    $6.4 million and $4.8 million included in current portion of debt as of December 29, 2018 and December 30, 2017,

respectively.

(2)    Included in current portion of acquisition-related liabilities on the consolidated balance sheets.

(3)    Included in acquisition-related liabilities on the consolidated balance sheets.