XML 57 R37.htm IDEA: XBRL DOCUMENT v3.24.1.u1
DEBT (Tables)
3 Months Ended
Mar. 30, 2024
Debt Instrument [Line Items]  
Schedule of Debt
Debt consisted of the following as of March 30, 2024 and December 30, 2023: 
 March 30, 2024December 30, 2023
Term Loan, due 2029:  
$1,010.0 million and $504.5 million, net of $2.4 million and $4.0 million discount at March 30, 2024 and December 30, 2023, respectively
$1,007,601 $500,473 
61⁄2% Senior Notes, due 2027
300,000 300,000 
51⁄4% Senior Notes, due 2029
700,000 700,000 
           71⁄4% Senior Notes, due 2031
800,000 800,000 
Total2,807,601 2,300,473 
Current portion of long-term debt7,575 3,822 
Long-term debt$2,800,026 $2,296,651 
Schedule of Contractual Payments of Long-Term Debt
The contractual payments of long-term debt, including current maturities, for the five years subsequent to March 30, 2024, are as follows:

2024 (nine months)$5,050 
202512,625 
202610,100 
2027310,100 
202810,100 
20291,662,025 
Thereafter800,000 
Total2,810,000 
Less: Original issue net discount(2,399)
Less: Deferred financing costs(27,317)
Total debt$2,780,284 
Shedule of Activity for Deferred Financing Fees
The following table presents the activity for the deferred financing fees for the three months ended March 30, 2024 and April 1, 2023:
 Deferred financing fees
Balance—December 30, 2023$14,463 
Loan origination fees17,550 
Amortization(1,550)
Write off of deferred financing fees(1,462)
Balance—March 30, 2024$29,001 
 
 
Balance—December 31, 2022$11,489 
Loan origination fees1,566 
Amortization(616)
Write off of deferred financing fees(160)
Balance—April 1, 2023$12,279 
Summit Materials, LLC  
Debt Instrument [Line Items]  
Schedule of Debt
Debt consisted of the following as of March 30, 2024 and December 30, 2023:
March 30, 2024December 30, 2023
Term Loan, due 2029:  
$1,010.0 million and $504.5 million, net of $2.4 million and $4.0 million discount at March 30, 2024 and December 30, 2023, respectively
$1,007,601 $500,473 
6 1/2% Senior Notes, due 2027
300,000 300,000 
5 1/4% Senior Notes, due 2029
700,000 700,000 
71⁄4% Senior Notes, due 2031
800,000 800,000 
Total2,807,601 2,300,473 
Current portion of long-term debt7,575 3,822 
Long-term debt$2,800,026 $2,296,651 
Schedule of Contractual Payments of Long-Term Debt
The contractual payments of long-term debt, including current maturities, for the five years subsequent to March 30, 2024, are as follows:
2024 (nine months)$5,050 
202512,625 
202610,100 
2027310,100 
202810,100 
20291,662,025 
Thereafter800,000 
Total2,810,000 
Less: Original issue net discount(2,399)
Less: Deferred financing costs(27,317)
Total debt$2,780,284 
Shedule of Activity for Deferred Financing Fees
The following table presents the activity for the deferred financing fees for the three months ended March 30, 2024 and April 1, 2023:
 Deferred financing fees
Balance—December 30, 2023$14,463 
Loan origination fees17,550 
Amortization(1,550)
Write off of deferred financing fees(1,462)
Balance—March 30, 2024$29,001 
  
  
Balance—December 31, 2022$11,489 
Loan origination fees1,566 
Amortization(616)
Write off of deferred financing fees(160)
Balance—April 1, 2023$12,279