FAIR VALUE - (Tables)

3 Months Ended

Mar. 28, 2020

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Contingent Consideration and Derivatives Measured at Fair Value

The fair value of contingent consideration as of March 28, 2020 and December 28, 2019 was:

	March 28, 2020		December 28, 2019
Current portion of acquisition-related liabilities and Accrued expenses:
Contingent consideration	$	525	$	1,967
Acquisition-related liabilities and Other noncurrent liabilities:
Contingent consideration	$	1,231	$	1,302

Schedule of Carrying Value and Fair Value of Financial Instruments

The carrying value and fair value of these financial instruments as of March 28, 2020 and December 28, 2019 was:

	March 28, 2020				December 28, 2019
	Fair Value		Carrying Value		Fair Value		Carrying Value
Level 2
Long-term debt(1)	$	1,699,541	$	1,870,802	$	1,918,720	$	1,872,273
Level 3
Current portion of deferred consideration and noncompete obligations(2)	30,398		30,398		30,733		30,733
Long term portion of deferred consideration and noncompete obligations(3)	11,793		11,793		18,499		18,499

(1) $7.9 million was included in current portion of debt as of March 28, 2020 and December 28, 2019.

(2) Included in current portion of acquisition-related liabilities on the consolidated balance sheets.

(3)

Included in acquisition-related liabilities on the consolidated balance sheets.

Summit Materials, LLC

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Contingent Consideration and Derivatives Measured at Fair Value

The fair value of contingent consideration as of March 28, 2020 and December 28, 2019 was: 

	March 28, 2020		December 28, 2019
Current portion of acquisition-related liabilities and Accrued expenses:
Contingent consideration	$	525	$	1,967
Acquisition-related liabilities and Other noncurrent liabilities:
Contingent consideration	$	1,231	$	1,302

Schedule of Carrying Value and Fair Value of Financial Instruments

The carrying value and fair value of these financial instruments as of March 28, 2020 and December 28, 2019 was:

	March 28, 2020				December 28, 2019
	Fair Value		Carrying Value		Fair Value		Carrying Value
Level 2
Long-term debt(1)	$	1,699,541	$	1,870,802	$	1,918,720	$	1,872,273
Level 3
Current portion of deferred consideration and noncompete obligations(2)	28,146		28,146		28,233		28,233
Long term portion of deferred consideration and noncompete obligations(3)	11,793		11,793		16,364		16,364

(1) $7.9 million was included in current portion of debt as of March 28, 2020 and December 28, 2019.

(2) Included in current portion of acquisition-related liabilities on the consolidated balance sheets.

(3)

Included in acquisition-related liabilities on the consolidated balance sheets.