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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Revenue:        
Revenue $ 732,082 $ 694,661 $ 1,665,612 $ 1,609,972
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 482,979 471,803 1,155,476 1,130,596
General and administrative expenses 62,344 59,457 190,915 190,975
Depreciation, depletion, amortization and accretion 55,127 53,974 164,140 150,663
Transaction costs 751 1,260 1,449 3,817
Operating income 130,881 108,167 153,632 133,921
Interest expense 28,917 28,889 88,423 86,616
Loss on debt financings 0 0 14,565 149
Gain on sale of business 0 (12,108) 0 (12,108)
Other income, net (1,875) (3,371) (8,354) (11,942)
Income from operations before taxes 103,839 94,757 58,998 71,206
Income tax expense 45,602 20,765 34,272 16,249
Net income 58,237 73,992 24,726 54,957
Net income attributable to Summit Holdings 2,480 2,703 1,331 1,888
Net income attributable to Summit Inc. 55,757 71,289 23,395 53,069
Summit Materials, LLC        
Revenue:        
Revenue 732,082 694,661 1,665,612 1,609,972
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 482,979 471,803 1,155,476 1,130,596
General and administrative expenses 62,344 59,457 190,915 190,975
Depreciation, depletion, amortization and accretion 55,127 53,974 164,140 150,663
Transaction costs 751 1,260 1,449 3,817
Operating income 130,881 108,167 153,632 133,921
Interest expense 28,800 28,720 88,020 86,066
Loss on debt financings 0 0 14,565 149
Gain on sale of business 0 (12,108) 0 (12,108)
Other income, net (1,875) (3,371) (8,354) (11,942)
Income from operations before taxes 103,956 94,926 59,401 71,756
Income tax expense 18,757 4,499 12,265 3,323
Net income 85,199 90,427 47,136 68,433
Net income attributable to Summit Inc. $ 85,199 $ 90,427 $ 47,136 $ 68,433
Class A Common Stock        
Earnings per share of Class A common stock:        
Basic (usd per share) $ 0.50 $ 0.64 $ 0.21 $ 0.48
Diluted (usd per share) $ 0.48 $ 0.64 $ 0.21 $ 0.47
Weighted average shares of Class A common stock:        
Basic (in shares) 112,179,137 111,641,344 112,020,275 111,288,211
Diluted (in shares) 115,505,122 111,940,067 112,497,610 112,472,724
Product        
Revenue:        
Revenue $ 554,721 $ 512,822 $ 1,293,999 $ 1,229,596
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 338,119 321,586 846,702 814,166
Product | Summit Materials, LLC        
Revenue:        
Revenue 554,721 512,822 1,293,999 1,229,596
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 338,119 321,586 846,702 814,166
Service        
Revenue:        
Revenue 111,126 112,195 230,389 234,572
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 78,625 80,573 167,550 170,626
Service | Summit Materials, LLC        
Revenue:        
Revenue 111,126 112,195 230,389 234,572
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 78,625 80,573 167,550 170,626
Excluding delivery and subcontract revenue        
Revenue:        
Revenue 665,847 625,017 1,524,388 1,464,168
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 416,744 402,159 1,014,252 984,792
Excluding delivery and subcontract revenue | Summit Materials, LLC        
Revenue:        
Revenue 665,847 625,017 1,524,388 1,464,168
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 416,744 402,159 1,014,252 984,792
Delivery and subcontract revenue        
Revenue:        
Revenue 66,235 69,644 141,224 145,804
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 66,235 69,644 141,224 145,804
Delivery and subcontract revenue | Summit Materials, LLC        
Revenue:        
Revenue 66,235 69,644 141,224 145,804
Cost of revenue (excluding items shown separately below):        
Net cost of revenue $ 66,235 $ 69,644 $ 141,224 $ 145,804