LEASES - (Tables)

9 Months Ended

Oct. 01, 2022

Lessee, Lease, Description [Line Items]

Schedule of Lease Cost

The components of lease expense were as follows:

	Three months ended				Nine months ended
	October 1, 2022		October 2, 2021		October 1, 2022			October 2, 2021
Operating lease cost	$	2,398	$	1,755	$	7,181		$	5,175
Variable lease cost	70		90		225			263
Short-term lease cost	11,916		12,373		31,097			30,517
Financing lease cost:
Amortization of right-of-use assets	1,235		2,168		4,598			7,835
Interest on lease liabilities	239		475		879			1,689
Total lease cost	$	15,858	$	16,861	$	43,980		$	45,479
					October 1, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets					$	31,057		$	30,150
Current operating lease liabilities					$	6,481		$	6,497
Noncurrent operating lease liabilities					29,945			28,880
Total operating lease liabilities					$	36,426		$	35,377
Finance leases:
Property and equipment, gross					$	52,558		$	68,982
Less accumulated depreciation					(29,204)			(31,404)
Property and equipment, net					$	23,354		$	37,578
Current finance lease liabilities					$	9,697		$	17,624
Long-term finance lease liabilities					8,246			14,982
Total finance lease liabilities					$	17,943		$	32,606
Weighted average remaining lease term (years):
Operating leases					9.4			9.7
Finance lease					2.6			2.3
Weighted average discount rate:
Operating leases					4.4		%	4.4		%
Finance leases					5.1		%	5.2		%
Maturities of lease liabilities, as of October 1, 2022, were as follows:
					Operating Leases			Finance Leases
2022 (three months)					$	1,967		$	3,870
2023					7,571			7,491
2024					6,327			2,936
2025					4,570			2,415
2026					3,459			980
2027					2,705			750
Thereafter					18,711			1,083
Total lease payments					45,310			19,525
Less imputed interest					(8,884)			(1,582)
Present value of lease payments					$	36,426		$	17,943

Schedule of Lease Assets and Liabilities

The components of lease expense were as follows:

	Three months ended				Nine months ended
	October 1, 2022		October 2, 2021		October 1, 2022			October 2, 2021
Operating lease cost	$	2,398	$	1,755	$	7,181		$	5,175
Variable lease cost	70		90		225			263
Short-term lease cost	11,916		12,373		31,097			30,517
Financing lease cost:
Amortization of right-of-use assets	1,235		2,168		4,598			7,835
Interest on lease liabilities	239		475		879			1,689
Total lease cost	$	15,858	$	16,861	$	43,980		$	45,479
					October 1, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets					$	31,057		$	30,150
Current operating lease liabilities					$	6,481		$	6,497
Noncurrent operating lease liabilities					29,945			28,880
Total operating lease liabilities					$	36,426		$	35,377
Finance leases:
Property and equipment, gross					$	52,558		$	68,982
Less accumulated depreciation					(29,204)			(31,404)
Property and equipment, net					$	23,354		$	37,578
Current finance lease liabilities					$	9,697		$	17,624
Long-term finance lease liabilities					8,246			14,982
Total finance lease liabilities					$	17,943		$	32,606
Weighted average remaining lease term (years):
Operating leases					9.4			9.7
Finance lease					2.6			2.3
Weighted average discount rate:
Operating leases					4.4		%	4.4		%
Finance leases					5.1		%	5.2		%
Maturities of lease liabilities, as of October 1, 2022, were as follows:
					Operating Leases			Finance Leases
2022 (three months)					$	1,967		$	3,870
2023					7,571			7,491
2024					6,327			2,936
2025					4,570			2,415
2026					3,459			980
2027					2,705			750
Thereafter					18,711			1,083
Total lease payments					45,310			19,525
Less imputed interest					(8,884)			(1,582)
Present value of lease payments					$	36,426		$	17,943

Schedule of Finance Lease Liability Maturities

The components of lease expense were as follows:

	Three months ended				Nine months ended
	October 1, 2022		October 2, 2021		October 1, 2022			October 2, 2021
Operating lease cost	$	2,398	$	1,755	$	7,181		$	5,175
Variable lease cost	70		90		225			263
Short-term lease cost	11,916		12,373		31,097			30,517
Financing lease cost:
Amortization of right-of-use assets	1,235		2,168		4,598			7,835
Interest on lease liabilities	239		475		879			1,689
Total lease cost	$	15,858	$	16,861	$	43,980		$	45,479
					October 1, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets					$	31,057		$	30,150
Current operating lease liabilities					$	6,481		$	6,497
Noncurrent operating lease liabilities					29,945			28,880
Total operating lease liabilities					$	36,426		$	35,377
Finance leases:
Property and equipment, gross					$	52,558		$	68,982
Less accumulated depreciation					(29,204)			(31,404)
Property and equipment, net					$	23,354		$	37,578
Current finance lease liabilities					$	9,697		$	17,624
Long-term finance lease liabilities					8,246			14,982
Total finance lease liabilities					$	17,943		$	32,606
Weighted average remaining lease term (years):
Operating leases					9.4			9.7
Finance lease					2.6			2.3
Weighted average discount rate:
Operating leases					4.4		%	4.4		%
Finance leases					5.1		%	5.2		%
Maturities of lease liabilities, as of October 1, 2022, were as follows:
					Operating Leases			Finance Leases
2022 (three months)					$	1,967		$	3,870
2023					7,571			7,491
2024					6,327			2,936
2025					4,570			2,415
2026					3,459			980
2027					2,705			750
Thereafter					18,711			1,083
Total lease payments					45,310			19,525
Less imputed interest					(8,884)			(1,582)
Present value of lease payments					$	36,426		$	17,943

Schedule of Operating Lease Liability Maturities

The components of lease expense were as follows:

	Three months ended				Nine months ended
	October 1, 2022		October 2, 2021		October 1, 2022			October 2, 2021
Operating lease cost	$	2,398	$	1,755	$	7,181		$	5,175
Variable lease cost	70		90		225			263
Short-term lease cost	11,916		12,373		31,097			30,517
Financing lease cost:
Amortization of right-of-use assets	1,235		2,168		4,598			7,835
Interest on lease liabilities	239		475		879			1,689
Total lease cost	$	15,858	$	16,861	$	43,980		$	45,479
					October 1, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets					$	31,057		$	30,150
Current operating lease liabilities					$	6,481		$	6,497
Noncurrent operating lease liabilities					29,945			28,880
Total operating lease liabilities					$	36,426		$	35,377
Finance leases:
Property and equipment, gross					$	52,558		$	68,982
Less accumulated depreciation					(29,204)			(31,404)
Property and equipment, net					$	23,354		$	37,578
Current finance lease liabilities					$	9,697		$	17,624
Long-term finance lease liabilities					8,246			14,982
Total finance lease liabilities					$	17,943		$	32,606
Weighted average remaining lease term (years):
Operating leases					9.4			9.7
Finance lease					2.6			2.3
Weighted average discount rate:
Operating leases					4.4		%	4.4		%
Finance leases					5.1		%	5.2		%
Maturities of lease liabilities, as of October 1, 2022, were as follows:
					Operating Leases			Finance Leases
2022 (three months)					$	1,967		$	3,870
2023					7,571			7,491
2024					6,327			2,936
2025					4,570			2,415
2026					3,459			980
2027					2,705			750
Thereafter					18,711			1,083
Total lease payments					45,310			19,525
Less imputed interest					(8,884)			(1,582)
Present value of lease payments					$	36,426		$	17,943

Summit Materials, LLC

Lessee, Lease, Description [Line Items]

Schedule of Lease Cost

The components of lease expense were as follows:

	Three months ended				Nine months ended
	October 1, 2022		October 2, 2021		October 1, 2022			October 2, 2021
Operating lease cost	$	2,398	$	1,755	$	7,181		$	5,175
Variable lease cost	70		90		225			263
Short-term lease cost	11,916		12,373		31,097			30,517
Financing lease cost:
Amortization of right-of-use assets	1,235		2,168		4,598			7,835
Interest on lease liabilities	239		475		879			1,689
Total lease cost	$	15,858	$	16,861	$	43,980		$	45,479
					October 1, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets					$	31,057		$	30,150
Current operating lease liabilities					$	6,481		$	6,497
Noncurrent operating lease liabilities					29,945			28,880
Total operating lease liabilities					$	36,426		$	35,377
Finance leases:
Property and equipment, gross					$	52,558		$	68,982
Less accumulated depreciation					(29,204)			(31,404)
Property and equipment, net					$	23,354		$	37,578
Current finance lease liabilities					$	9,697		$	17,624
Long-term finance lease liabilities					8,246			14,982
Total finance lease liabilities					$	17,943		$	32,606
Weighted average remaining lease term (years):
Operating leases					9.4			9.7
Finance lease					2.6			2.3
Weighted average discount rate:
Operating leases					4.4		%	4.4		%
Finance leases					5.1		%	5.2		%
Maturities of lease liabilities, as of October 1, 2022, were as follows:
					Operating Leases			Finance Leases
2022 (three months)					$	1,967		$	3,870
2023					7,571			7,491
2024					6,327			2,936
2025					4,570			2,415
2026					3,459			980
2027					2,705			750
Thereafter					18,711			1,083
Total lease payments					45,310			19,525
Less imputed interest					(8,884)			(1,582)
Present value of lease payments					$	36,426		$	17,943

Schedule of Lease Assets and Liabilities

The components of lease expense were as follows:

	Three months ended				Nine months ended
	October 1, 2022		October 2, 2021		October 1, 2022			October 2, 2021
Operating lease cost	$	2,398	$	1,755	$	7,181		$	5,175
Variable lease cost	70		90		225			263
Short-term lease cost	11,916		12,373		31,097			30,517
Financing lease cost:
Amortization of right-of-use assets	1,235		2,168		4,598			7,835
Interest on lease liabilities	239		475		879			1,689
Total lease cost	$	15,858	$	16,861	$	43,980		$	45,479
					October 1, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets					$	31,057		$	30,150
Current operating lease liabilities					$	6,481		$	6,497
Noncurrent operating lease liabilities					29,945			28,880
Total operating lease liabilities					$	36,426		$	35,377
Finance leases:
Property and equipment, gross					$	52,558		$	68,982
Less accumulated depreciation					(29,204)			(31,404)
Property and equipment, net					$	23,354		$	37,578
Current finance lease liabilities					$	9,697		$	17,624
Long-term finance lease liabilities					8,246			14,982
Total finance lease liabilities					$	17,943		$	32,606
Weighted average remaining lease term (years):
Operating leases					9.4			9.7
Finance lease					2.6			2.3
Weighted average discount rate:
Operating leases					4.4		%	4.4		%
Finance leases					5.1		%	5.2		%
Maturities of lease liabilities, as of October 1, 2022, were as follows:
					Operating Leases			Finance Leases
2022 (three months)					$	1,967		$	3,870
2023					7,571			7,491
2024					6,327			2,936
2025					4,570			2,415
2026					3,459			980
2027					2,705			750
Thereafter					18,711			1,083
Total lease payments					45,310			19,525
Less imputed interest					(8,884)			(1,582)
Present value of lease payments					$	36,426		$	17,943

Schedule of Finance Lease Liability Maturities

The components of lease expense were as follows:

	Three months ended				Nine months ended
	October 1, 2022		October 2, 2021		October 1, 2022			October 2, 2021
Operating lease cost	$	2,398	$	1,755	$	7,181		$	5,175
Variable lease cost	70		90		225			263
Short-term lease cost	11,916		12,373		31,097			30,517
Financing lease cost:
Amortization of right-of-use assets	1,235		2,168		4,598			7,835
Interest on lease liabilities	239		475		879			1,689
Total lease cost	$	15,858	$	16,861	$	43,980		$	45,479
					October 1, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets					$	31,057		$	30,150
Current operating lease liabilities					$	6,481		$	6,497
Noncurrent operating lease liabilities					29,945			28,880
Total operating lease liabilities					$	36,426		$	35,377
Finance leases:
Property and equipment, gross					$	52,558		$	68,982
Less accumulated depreciation					(29,204)			(31,404)
Property and equipment, net					$	23,354		$	37,578
Current finance lease liabilities					$	9,697		$	17,624
Long-term finance lease liabilities					8,246			14,982
Total finance lease liabilities					$	17,943		$	32,606
Weighted average remaining lease term (years):
Operating leases					9.4			9.7
Finance lease					2.6			2.3
Weighted average discount rate:
Operating leases					4.4		%	4.4		%
Finance leases					5.1		%	5.2		%
Maturities of lease liabilities, as of October 1, 2022, were as follows:
					Operating Leases			Finance Leases
2022 (three months)					$	1,967		$	3,870
2023					7,571			7,491
2024					6,327			2,936
2025					4,570			2,415
2026					3,459			980
2027					2,705			750
Thereafter					18,711			1,083
Total lease payments					45,310			19,525
Less imputed interest					(8,884)			(1,582)
Present value of lease payments					$	36,426		$	17,943

Schedule of Operating Lease Liability Maturities

The components of lease expense were as follows:

	Three months ended				Nine months ended
	October 1, 2022		October 2, 2021		October 1, 2022			October 2, 2021
Operating lease cost	$	2,398	$	1,755	$	7,181		$	5,175
Variable lease cost	70		90		225			263
Short-term lease cost	11,916		12,373		31,097			30,517
Financing lease cost:
Amortization of right-of-use assets	1,235		2,168		4,598			7,835
Interest on lease liabilities	239		475		879			1,689
Total lease cost	$	15,858	$	16,861	$	43,980		$	45,479
					October 1, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets					$	31,057		$	30,150
Current operating lease liabilities					$	6,481		$	6,497
Noncurrent operating lease liabilities					29,945			28,880
Total operating lease liabilities					$	36,426		$	35,377
Finance leases:
Property and equipment, gross					$	52,558		$	68,982
Less accumulated depreciation					(29,204)			(31,404)
Property and equipment, net					$	23,354		$	37,578
Current finance lease liabilities					$	9,697		$	17,624
Long-term finance lease liabilities					8,246			14,982
Total finance lease liabilities					$	17,943		$	32,606
Weighted average remaining lease term (years):
Operating leases					9.4			9.7
Finance lease					2.6			2.3
Weighted average discount rate:
Operating leases					4.4		%	4.4		%
Finance leases					5.1		%	5.2		%
Maturities of lease liabilities, as of October 1, 2022, were as follows:
					Operating Leases			Finance Leases
2022 (three months)					$	1,967		$	3,870
2023					7,571			7,491
2024					6,327			2,936
2025					4,570			2,415
2026					3,459			980
2027					2,705			750
Thereafter					18,711			1,083
Total lease payments					45,310			19,525
Less imputed interest					(8,884)			(1,582)
Present value of lease payments					$	36,426		$	17,943