Fair Value (Tables)

12 Months Ended

Dec. 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 December 28, 2019 and December 29, 2018 was: 

	2019		2018
Current portion of acquisition-related liabilities and Accrued expenses:
Contingent consideration	$	1,967	$	1,394
Cash flow hedges	—		—
Acquisition-related liabilities and Other noncurrent liabilities:
Contingent consideration	$	1,302	$	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 December 28, 2019 and December 29, 2018 were: 

	December 28, 2019				December 29, 2018
	Fair Value		Carrying Value		Fair Value		Carrying Value
Level 2
Long-term debt(1)	$	1,918,720	$	1,872,273	$	1,777,722	$	1,828,159
Level 3
Current portion of deferred consideration and noncompete obligations(2)	30,733		30,733		32,876		32,876
Long term portion of deferred consideration and noncompete obligations(3)	18,499		18,499		44,293		44,293

_____________________

(1) $7.9 million and $6.4 million were included in current portion of debt as of December 28, 2019 and December 29, 2018, 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 28, 2019 and December 29, 2018 was:

	2019		2018
Current portion of acquisition-related liabilities and Accrued expenses:
Contingent consideration	$	1,967	$	1,394
Cash flow hedges	—		—
Acquisition-related liabilities and Other noncurrent liabilities:
Contingent consideration	$	1,302	$	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 December 28, 2019 and December 29, 2018 were:

	December 28, 2019				December 29, 2018
	Fair Value		Carrying Value		Fair Value		Carrying Value
Level 2
Long-term debt(1)	$	1,918,720	$	1,872,273	$	1,777,722	$	1,828,159
Level 3
Current portion of deferred consideration and noncompete obligations(2)	28,233		28,233		30,376		30,376
Long term portion of deferred consideration and noncompete obligations(3)	16,364		16,364		40,179		40,179

______________________

(1)    $7.9 million and $6.4 million were included in current portion of debt as of December 28, 2019 and December 29, 2018, 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.