XML 57 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Leasing Arrangements
12 Months Ended
Dec. 30, 2017
Leasing Arrangements

(17) Leasing Arrangements

 

Rent expense, which primarily relates to land, plants and equipment, during the years ended December 30, 2017, December 31, 2016 and January 2, 2016 was $21.7 million, $18.6 million and $12.1 million, respectively. The Company has lease agreements associated with quarry facilities under which royalty payments are made. The payments are generally based on tons sold in a particular period; however, certain agreements have minimum annual payments. Royalty expense recorded in cost of revenue during the years ended December 30, 2017, December 31, 2016 and January 2, 2016 was $18.7 million, $15.6 million and $12.6 million, respectively. Minimum contractual commitments for the subsequent five years under long-term operating leases and under royalty agreements are as follows:

 

 

 

 

 

 

 

 

 

 

 

Operating

 

Royalty

 

 

 

Leases

 

Agreements

 

2018

    

$

8,627

    

$

6,450

 

2019

 

 

7,077

 

 

6,017

 

2020

 

 

5,826

 

 

5,833

 

2021

 

 

4,650

 

 

5,550

 

2022

 

 

2,475

 

 

5,431

 

 

Summit Materials, LLC  
Leasing Arrangements

(16) Leasing Arrangements

 

Rent expense, which primarily relates to land, plants and equipment, during the years ended December 30, 2017, December 31, 2016 and January 2, 2016 was $21.7 million, $18.6 million and $12.1 million, respectively. The Company has lease agreements associated with quarry facilities under which royalty payments are made. The payments are generally based on tons sold in a particular period; however, certain agreements have minimum annual payments. Royalty expense recorded in cost of revenue during the years ended December 30, 2017, December 31, 2016 and January 2, 2016 was $18.7 million, $15.6 million and $12.6 million, respectively. Minimum contractual commitments for the subsequent five years under long-term operating leases and under royalty agreements are as follows:

 

 

 

 

 

 

 

 

 

 

 

Operating

 

Royalty

 

 

 

Leases

 

Agreements

 

2018

    

$

8,627

    

$

6,450

 

2019

 

 

7,077

 

 

6,017

 

2020

 

 

5,826

 

 

5,833

 

2021

 

 

4,650

 

 

5,550

 

2022

 

 

2,475

 

 

5,431