FAIR VALUE - (Tables)

9 Months Ended

Sep. 28, 2019

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 September 28, 2019 and December 29, 2018 was:

	September 28, 2019		December 29, 2018
Current portion of acquisition-related liabilities and Accrued expenses:
Contingent consideration	$	2,674	$	1,394
Cash flow hedges	—		—
Acquisition-related liabilities and Other noncurrent liabilities:
Contingent consideration	$	1,270	$	5,175
Cash flow hedges	—		—

Schedule of Carrying Value and Fair Value of Financial Instruments

The carrying value and fair value of these financial instruments as of September 28, 2019 and December 29, 2018 was:

	September 28, 2019				December 29, 2018
	Fair Value		Carrying Value		Fair Value		Carrying Value
Level 2
Long-term debt(1)	$	1,914,189	$	1,873,745	$	1,777,722	$	1,828,159
Level 3
Current portion of deferred consideration and noncompete obligations(2)	31,724		31,724		32,876		32,876
Long term portion of deferred consideration and noncompete obligations(3)	39,392		39,392		44,293		44,293

(1) $6.4 million were included in current portion of debt as of September 28, 2019 and December 29, 2018.

(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 September 28, 2019 and December 29, 2018 was: 

	September 28, 2019		December 29, 2018
Current portion of acquisition-related liabilities and Accrued expenses:
Contingent consideration	$	2,674	$	1,394
Cash flow hedges	—		—
Acquisition-related liabilities and Other noncurrent liabilities:
Contingent consideration	$	1,270	$	5,175
Cash flow hedges	—		—

Schedule of Carrying Value and Fair Value of Financial Instruments

The carrying value and fair value of these financial instruments as of September 28, 2019 and December 29, 2018 was:

	September 28, 2019				December 29, 2018
	Fair Value		Carrying Value		Fair Value		Carrying Value
Level 2
Long-term debt(1)	$	1,914,189	$	1,873,745	$	1,777,722	$	1,828,159
Level 3
Current portion of deferred consideration and noncompete obligations(2)	29,224		29,224		30,376		30,376
Long term portion of deferred consideration and noncompete obligations(3)	37,375		37,375		40,179		40,179

(1) $6.4 million were included in current portion of debt as of September 28, 2019 and December 29, 2018.

(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.