DEBT - (Tables)

3 Months Ended

Apr. 01, 2023

Debt Instrument [Line Items]

Schedule of Debt

Debt consisted of the following as of April 1, 2023 and December 31, 2022: 

	April 1, 2023		December 31, 2022
Term Loan, due 2027:
$508.3 million and $509.6 million, net of $4.8 million and $5.0 million discount at April 1, 2023 and December 31, 2022, respectively	$	503,530	$	504,549
61⁄2% Senior Notes, due 2027	300,000		300,000
51⁄4% Senior Notes, due 2029	700,000		700,000
Total	1,503,530		1,504,549
Current portion of long-term debt	5,096		5,096
Long-term debt	$	1,498,434	$	1,499,453

Schedule of Contractual Payments of Long-Term Debt

The contractual payments of long-term debt, including current maturities, for the five years subsequent to April 1, 2023, are as follows:

2023 (nine months)	$	3,822
2024	3,822
2025	6,369
2026	5,096
2027	789,177
2028	—
Thereafter	700,000
Total	1,508,286
Less: Original issue net discount	(4,756)
Less: Capitalized loan costs	(10,651)
Total debt	$	1,492,879

Shedule of Activity for Deferred Financing Fees

The following table presents the activity for the deferred financing fees for the three months ended April 1, 2023 and April 2, 2022:

	Deferred financing fees
Balance—December 31, 2022	$	11,489
Loan origination fees	1,566
Amortization	(616)
Write off of deferred financing fees	(160)
Balance—April 1, 2023	$	12,279
Balance—January 1, 2022	$	13,049
Amortization	(692)
Balance—April 2, 2022	$	12,357

Summit Materials, LLC

Debt Instrument [Line Items]

Schedule of Debt

Debt consisted of the following as of April 1, 2023 and December 31, 2022:

	April 1, 2023		December 31, 2022
Term Loan, due 2027:
$508.3 million and $509.6 million, net of $4.8 million and $5.0 million discount at April 1, 2023 and December 31, 2022, respectively	$	503,530	$	504,549
6 1/2% Senior Notes, due 2027	300,000		300,000
5 1/4% Senior Notes, due 2029	700,000		700,000
Total	1,503,530		1,504,549
Current portion of long-term debt	5,096		5,096
Long-term debt	$	1,498,434	$	1,499,453

Schedule of Contractual Payments of Long-Term Debt

The contractual payments of long-term debt, including current maturities, for the five years subsequent to April 1, 2023, are as follows:

2023 (nine months)	$	3,822
2024	3,822
2025	6,369
2026	5,096
2027	789,177
2028	—
Thereafter	700,000
Total	1,508,286
Less: Original issue net discount	(4,756)
Less: Capitalized loan costs	(10,651)
Total debt	$	1,492,879

Shedule of Activity for Deferred Financing Fees

The following table presents the activity for the deferred financing fees for the three months ended April 1, 2023 and April 2, 2022:

	Deferred financing fees
Balance—December 31, 2022	$	11,489
Loan origination fees	1,566
Amortization	(616)
Write off of deferred financing fees	(160)
Balance—April 1, 2023	$	12,279
Balance - January 1, 2022	$	13,049
Amortization	(692)
Balance -April 2, 2022	$	12,357