DEBT - (Tables)

9 Months Ended

Sep. 28, 2019

Debt Instrument [Line Items]

Schedule of Debt

Debt consisted of the following as of September 28, 2019 and December 29, 2018: 

	September 28, 2019		December 29, 2018
Term Loan, due 2024:
$625.8 million and $630.6 million, net of $1.2 million and $1.3 million discount at September 28, 2019 and December 29, 2018, respectively	$	624,672	$	629,268
81⁄2% Senior Notes, due 2022	—		250,000
61⁄8% Senior Notes, due 2023:
$650.0 million, net of $1.0 million and $1.1 million discount at September 28, 2019 and December 29, 2018, respectively	649,073		648,891
51⁄8% Senior Notes, due 2025	300,000		300,000
61⁄2% Senior Notes, due 2027	300,000		—
Total	1,873,745		1,828,159
Current portion of long-term debt	6,354		6,354
Long-term debt	$	1,867,391	$	1,821,805

Schedule of Contractual Payments of Long-Term Debt

The contractual payments of long-term debt, including current maturities, for the five years subsequent to September 28, 2019, are as follows: 

2019 (three months)	$	1,588
2020	7,942
2021	6,354
2022	6,354
2023	656,354
2024	597,252
Thereafter	600,000
Total	1,875,844
Less: Original issue net discount	(2,099		)
Less: Capitalized loan costs	(13,977		)
Total debt	$	1,859,768

Summary of Activity for Deferred Financing Fees

The following table presents the activity for the deferred financing fees for the nine months ended September 28, 2019 and September 29, 2018:

	Deferred financing fees
Balance—December 29, 2018	$	15,475
Loan origination fees	6,312
Amortization	(2,668		)
Write off of deferred financing fees	(2,851		)
Balance—September 28, 2019	$	16,268
Balance - December 30, 2017	$	19,033
Loan origination fees	550
Amortization	(3,074		)
Balance - September 29, 2018	$	16,509

 

Summit Materials, LLC

Debt Instrument [Line Items]

Schedule of Debt

Debt consisted of the following as of September 28, 2019 and December 29, 2018:

	September 28, 2019		December 29, 2018
Term Loan, due 2024:
$625.8 million and $630.6 million, net of $1.2 million and $1.3 million discount at September 28, 2019 and December 29, 2018, respectively	$	624,672	$	629,268
8 1/2% Senior Notes, due 2022	—		250,000
6 1/8% Senior Notes, due 2023:
$650.0 million, net of $1.0 million and $1.1 million discount at September 28, 2019 and December 29, 2018, respectively	649,073		648,891
5 1/8% Senior Notes, due 2025	300,000		300,000
6 1/2% Senior Notes, due 2027	300,000		—
Total	1,873,745		1,828,159
Current portion of long-term debt	6,354		6,354
Long-term debt	$	1,867,391	$	1,821,805

Schedule of Contractual Payments of Long-Term Debt

The contractual payments of long-term debt, including current maturities, for the five years subsequent to September 28, 2019, are as follows:

2019 (three months)	$	1,588
2020	7,942
2021	6,354
2022	6,354
2023	656,354
2024	597,252
Thereafter	600,000
Total	1,875,844
Less: Original issue net discount	(2,099		)
Less: Capitalized loan costs	(13,977		)
Total debt	$	1,859,768

Summary of Activity for Deferred Financing Fees

The following table presents the activity for the deferred financing fees for the nine months ended September 28, 2019 and September 29, 2018:

	Deferred financing fees
Balance—December 29, 2018	$	15,475
Loan origination fees	6,312
Amortization	(2,668		)
Write off of deferred financing fees	(2,851		)
Balance—September 28, 2019	$	16,268
Balance - December 30, 2017	$	19,033
Loan origination fees	550
Amortization	(3,074		)
Balance - September 29, 2018	$	16,509