XML 23 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Revenue:        
Revenue $ 600,891 $ 600,890 $ 933,530 $ 915,311
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 405,493 410,932 672,497 658,793
General and administrative expenses 60,961 61,657 128,571 131,518
Depreciation, depletion, amortization and accretion 53,625 49,731 109,013 96,689
Transaction costs 390 1,291 698 2,557
Operating income 80,422 77,279 22,751 25,754
Interest expense 29,401 28,943 59,506 57,727
Loss on debt financings 0 149 14,565 149
Other income, net (3,676) (916) (6,479) (8,571)
Income (loss) from operation before taxes 54,697 49,103 (44,841) (23,551)
Income tax expense (benefit) 16,707 12,190 (11,330) (4,516)
Net income (loss) 37,990 36,913 (33,511) (19,035)
Net income (loss) attributable to Summit Holdings 1,580 1,404 (1,149) (815)
Net income (loss) attributable to Summit Inc. 36,410 35,509 (32,362) (18,220)
Summit Materials, LLC        
Revenue:        
Revenue 600,891 600,890 933,530 915,311
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 405,493 410,932 672,497 658,793
General and administrative expenses 60,961 61,657 128,571 131,518
Depreciation, depletion, amortization and accretion 53,625 49,731 109,013 96,689
Transaction costs 390 1,291 698 2,557
Operating income 80,422 77,279 22,751 25,754
Interest expense 29,283 28,776 59,220 57,346
Loss on debt financings 0 149 14,565 149
Other income, net (3,676) (916) (6,479) (8,571)
Income (loss) from operation before taxes 54,815 49,270 (44,555) (23,170)
Income tax expense (benefit) 1,314 2,668 (6,492) (1,176)
Net income (loss) 53,501 46,602 (38,063) (21,994)
Net income (loss) attributable to Summit Inc. $ 53,501 $ 46,602 $ (38,063) $ (21,994)
Common Class A        
Income (loss) per share of Class A common stock:        
Basic (usd per share) $ 0.32 $ 0.32 $ (0.29) $ (0.16)
Diluted (usd per share) $ 0.32 $ 0.32 $ (0.29) $ (0.16)
Weighted average shares of Class A common stock:        
Basic (in shares) 112,070,009 111,564,190 111,940,844 111,111,644
Diluted (in shares) 112,182,555 112,583,321 111,940,844 111,111,644
Product        
Revenue:        
Revenue $ 467,637 $ 459,967 $ 739,278 $ 716,774
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 294,857 295,147 508,583 492,580
Product | Summit Materials, LLC        
Revenue:        
Revenue 467,637 459,967 739,278 716,774
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 294,857 295,147 508,583 492,580
Service        
Revenue:        
Revenue 84,954 89,268 119,263 122,377
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 62,336 64,130 88,925 90,053
Service | Summit Materials, LLC        
Revenue:        
Revenue 84,954 89,268 119,263 122,377
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 62,336 64,130 88,925 90,053
Excluding delivery and subcontract revenue        
Revenue:        
Revenue 552,591 549,235 858,541 839,151
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 357,193 359,277 597,508 582,633
Excluding delivery and subcontract revenue | Summit Materials, LLC        
Revenue:        
Revenue 552,591 549,235 858,541 839,151
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 357,193 359,277 597,508 582,633
Delivery and subcontract revenue        
Revenue:        
Revenue 48,300 51,655 74,989 76,160
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 48,300 51,655 74,989 76,160
Delivery and subcontract revenue | Summit Materials, LLC        
Revenue:        
Revenue 48,300 51,655 74,989 76,160
Cost of revenue (excluding items shown separately below):        
Net cost of revenue $ 48,300 $ 51,655 $ 74,989 $ 76,160