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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Revenue:        
Revenue $ 752,747 $ 717,240 $ 1,860,248 $ 1,813,001
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 534,936 486,936 1,372,521 1,301,346
General and administrative expenses 39,959 47,364 139,534 146,454
Depreciation, depletion, amortization and accretion 52,133 59,082 150,483 173,651
Gain on sale of property, plant and equipment (1,343) (1,159) (6,293) (4,331)
Operating income 127,062 125,017 204,003 195,881
Interest expense 21,980 24,134 62,728 72,536
Loss on debt financings 0 6,016 0 6,016
Tax receivable agreement expense 0 0 954 0
(Gain) loss on sale of businesses (4,115) 113 (174,373) (15,319)
Other income, net (3,283) (1,137) (4,956) (10,721)
Income from operations before taxes 112,480 95,891 319,650 143,369
Income tax expense 24,829 20,513 74,033 33,478
Net income 87,651 75,378 245,617 109,891
Net income attributable to Summit Holdings 1,162 1,174 3,307 1,545
Net income (loss) attributable to Summit Inc/LLC 86,489 74,204 242,310 108,346
Summit Materials, LLC        
Revenue:        
Revenue 752,747 717,240 1,860,248 1,813,001
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 534,936 486,936 1,372,521 1,301,346
General and administrative expenses 39,959 47,364 139,534 146,454
Depreciation, depletion, amortization and accretion 52,133 59,082 150,483 173,651
Gain on sale of property, plant and equipment (1,343) (1,159) (6,293) (4,331)
Operating income 127,062 125,017 204,003 195,881
Interest expense 21,980 24,134 62,728 72,474
Loss on debt financings 0 6,016 0 6,016
(Gain) loss on sale of businesses (4,115) 113 (174,373) (15,319)
Other income, net (3,283) (1,137) (4,956) (10,721)
Income from operations before taxes 112,480 95,891 320,604 143,431
Income tax expense 7,147 7,016 19,557 12,531
Net income 105,333 88,875 301,047 130,900
Net income (loss) attributable to Summit Inc/LLC $ 105,333 $ 88,875 $ 301,047 $ 130,900
Common Class A        
Earnings per share of Class A common stock:        
Basic (usd per share) $ 0.73 $ 0.63 $ 2.05 $ 0.92
Diluted (usd per share) $ 0.73 $ 0.62 $ 2.03 $ 0.92
Weighted average shares of Class A common stock:        
Basic (in shares) 117,774,592 118,272,955 118,216,997 117,040,207
Diluted (in shares) 118,404,098 119,291,646 119,098,936 118,360,615
Common Class A And Restricted Stock        
Earnings per share of Class A common stock:        
Basic (usd per share) $ 0.73 $ 0.63 $ 2.05 $ 0.92
Weighted average shares of Class A common stock:        
Basic (in shares) 117,917,058 118,473,530 118,365,801 117,258,431
Excluding delivery and subcontract revenue        
Revenue:        
Revenue $ 686,009 $ 662,259 $ 1,710,422 $ 1,679,270
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 468,198 431,955 1,222,695 1,167,615
Excluding delivery and subcontract revenue | Summit Materials, LLC        
Revenue:        
Revenue 686,009 662,259 1,710,422 1,679,270
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 468,198 431,955 1,222,695 1,167,615
Product        
Revenue:        
Revenue 587,138 561,938 1,485,746 1,443,972
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 392,187 356,214 1,042,888 980,045
Product | Summit Materials, LLC        
Revenue:        
Revenue 587,138 561,938 1,485,746 1,443,972
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 392,187 356,214 1,042,888 980,045
Service        
Revenue:        
Revenue 98,871 100,321 224,676 235,298
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 76,011 75,741 179,807 187,570
Service | Summit Materials, LLC        
Revenue:        
Revenue 98,871 100,321 224,676 235,298
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 76,011 75,741 179,807 187,570
Delivery and subcontract revenue        
Revenue:        
Revenue 66,738 54,981 149,826 133,731
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 66,738 54,981 149,826 133,731
Delivery and subcontract revenue | Summit Materials, LLC        
Revenue:        
Revenue 66,738 54,981 149,826 133,731
Cost of revenue (excluding items shown separately below):        
Net cost of revenue $ 66,738 $ 54,981 $ 149,826 $ 133,731