DEBT - (Tables)

3 Months Ended

Mar. 28, 2020

Debt Instrument [Line Items]

Schedule of Debt

Debt consisted of the following as of March 28, 2020 and December 28, 2019: 

	March 28, 2020		December 28, 2019
Term Loan, due 2024:
$622.7 million and $624.3 million, net of $1.1 million discount at March 28, 2020 and December 28, 2019, respectively	$	621,608	$	623,140
61⁄8% Senior Notes, due 2023:
$650.0 million, net of $0.8 million and $0.9 million discount at March 28, 2020 and December 28, 2019, respectively	649,194		649,133
51⁄8% Senior Notes, due 2025	300,000		300,000
61⁄2% Senior Notes, due 2027	300,000		300,000
Total	1,870,802		1,872,273
Current portion of long-term debt	7,942		7,942
Long-term debt	$	1,862,860	$	1,864,331

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 28, 2020, are as follows: 

2020 (nine months)	$	6,354
2021	6,353
2022	6,354
2023	656,354
2024	597,253
2025	300,000
Thereafter	300,000
Total	1,872,668
Less: Original issue net discount	(1,866		)
Less: Capitalized loan costs	(12,571		)
Total debt	$	1,858,231

Summary of Activity for Deferred Financing Fees

The following table presents the activity for the deferred financing fees for the three months ended March 28, 2020 and March 30, 2019:

	Deferred financing fees
Balance—December 28, 2019	$	15,436
Amortization	(833		)
Balance—March 28, 2020	$	14,603
Balance—December 29, 2018	$	15,475
Loan origination fees	5,774
Amortization	(998		)
Write off of deferred financing fees	(2,851		)
Balance—March 30, 2019	$	17,400

 

Summit Materials, LLC

Debt Instrument [Line Items]

Schedule of Debt

Debt consisted of the following as of March 28, 2020 and December 28, 2019:

	March 28, 2020		December 28, 2019
Term Loan, due 2024:
$622.7 million and $624.3 million, net of $1.1 million discount at March 28, 2020 and December 28, 2019, respectively	$	621,608	$	623,140
6 1/8% Senior Notes, due 2023:
$650.0 million, net of $0.8 million and $0.9 million discount at March 28, 2020 and December 28, 2019, respectively	649,194		649,133
5 1/8% Senior Notes, due 2025	300,000		300,000
6 1/2% Senior Notes, due 2027	300,000		300,000
Total	1,870,802		1,872,273
Current portion of long-term debt	7,942		7,942
Long-term debt	$	1,862,860	$	1,864,331

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 28, 2020, are as follows:

2020 (nine months)	$	6,354
2021	6,353
2022	6,354
2023	656,354
2024	597,253
2025	300,000
Thereafter	300,000
Total	1,872,668
Less: Original issue net discount	(1,866		)
Less: Capitalized loan costs	(12,571		)
Total debt	$	1,858,231

Summary of Activity for Deferred Financing Fees

The following table presents the activity for the deferred financing fees for the three months ended March 28, 2020 and March 30, 2019:

	Deferred financing fees
Balance—December 28, 2019	$	15,436
Amortization	(833		)
Balance—March 28, 2020	$	14,603
Balance - December 29, 2018	$	15,475
Loan origination fees	5,774
Amortization	(998		)
Write off of deferred financing fees	(2,851		)
Balance - March 30, 2019	$	17,400