STOCKHOLDERS' EQUITY/MEMBERS' INTEREST

3 Months Ended

Mar. 30, 2024

Schedule of Capitalization, Equity [Line Items]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

In March 2022, our Board of Directors authorized a share repurchase program, whereby we can repurchase up to $250 million of our Class A common stock. As of March 30, 2024, there was $149.0 million available for purchase, upon which they will be retired.

The following table summarizes the changes in our ownership of Summit Holdings:

	Summit Inc. Shares (Class A)	LP Units	Total	Summit Inc. Ownership Percentage
Balance — December 30, 2023	119,529,380	763,243	120,292,623	99.4	%
Exchanges during period	763,243	(763,243)	—
Stock option exercises	29,216	—	29,216
Issuance of Class A common stock	54,720,000	—	54,720,000
Other equity transactions	412,411	—	412,411
Balance — March 30, 2024	175,454,250	—	175,454,250	100.0	%
Balance — December 31, 2022	118,408,655	1,312,004	119,720,659	98.9	%
Exchanges during period	2,000	(2,000)	—
Stock option exercises	902	—	902
Other equity transactions	407,114	—	407,114
Balance — April 1, 2023	118,818,671	1,310,004	120,128,675	98.9	%

Summit Inc. is Summit Holdings’ primary beneficiary and thus consolidates Summit Holdings in its consolidated financial statements with a corresponding noncontrolling interest reclassification, which was 0.0% and 0.6% as of March 30, 2024 and December 30, 2023, respectively.

Accumulated other comprehensive income (loss) —The changes in each component of accumulated other comprehensive income (loss) consisted of the following:

	Change in  retirement plans		Foreign currency  translation  adjustments		Accumulated  other  comprehensive  income (loss)
Balance — December 30, 2023	$	6,840	$	435	$	7,275
Foreign currency translation adjustment, net of tax	—		(3,585)		(3,585)
Balance — March 30, 2024	$	6,840	$	(3,150)	$	3,690
Balance — December 31, 2022	$	6,356	$	(3,272)	$	3,084
Foreign currency translation adjustment, net of tax	—		161		161
Balance — April 1, 2023	$	6,356	$	(3,111)	$	3,245

Summit Materials, LLC

Schedule of Capitalization, Equity [Line Items]

MEMBERS' INTEREST

MEMBERS’ INTEREST

Accumulated other comprehensive income (loss) —The changes in each component of accumulated other comprehensive income (loss) consisted of the following:

					Accumulated
			Foreign currency		other
	Change in		translation		comprehensive
	retirement plans		adjustments		(loss) income
Balance — December 30, 2023	$	(120)	$	(15,689)	$	(15,809)
Foreign currency translation adjustment	—		(4,724)		(4,724)
Balance — March 30, 2024	$	(120)	$	(20,413)	$	(20,533)
Balance — December 31, 2022	$	(762)	$	(20,614)	$	(21,376)
Foreign currency translation adjustment	—		203		203
Balance — April 1, 2023	$	(762)	$	(20,411)	$	(21,173)