Debt (Tables)

12 Months Ended

Jan. 02, 2021

Schedule of Debt

Debt consisted of the following as of January 2, 2021 and December 28, 2019: 

	2020		2019
Term Loan, due 2024:
$616.3 million and $624.3 million, net of $0.9 million and $1.1 million discount at January 2, 2021 and December 28, 2019, respectively	$	615,425	$	623,140
6 1⁄8% Senior Notes, due 2023:
$650.0 million, net of $0.9 million discount at December 28, 2019	—		649,133
5 1⁄8% Senior Notes, due 2025	300,000		300,000
6 1⁄2% Senior Notes, due 2027	300,000		300,000
5 1⁄4% Senior Notes, due 2029	700,000		—
Total	1,915,425		1,872,273
Current portion of long-term debt	6,354		7,942
Long-term debt	$	1,909,071	$	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 January 2, 2021, are as follows:

2021	$	6,354
2022	6,354
2023	6,354
2024	597,252
2025	300,000
Thereafter	1,000,000
Total	1,916,314
Less: Original issue net discount	(889)
Less: Capitalized loan costs	(16,724)
Total debt	$	1,898,701

Summary of Activity for Deferred Financing Fees

The following table presents the activity for the deferred financing fees for the years ended January 2, 2021 and December 28, 2019:

	Deferred financing fees
Balance—December 29, 2018	$	15,475
Loan origination fees	6,312
Amortization	(3,501)
Write off of deferred financing fees	(2,850)
Balance—December 28, 2019	$	15,436
Loan origination fees	9,605
Amortization	(3,336)
Write off of deferred financing fees	(3,338)
Balance—January 2, 2021	$	18,367

Summit Materials, LLC

Schedule of Debt

Debt consisted of the following as of January 2, 2021 and December 28, 2019:

	2020		2019
Term Loan, due 2024:
$616.3 million and $624.3 million, net of $0.9 million and $1.1 million discount at January 2, 2021 and December 28, 2019, respectively	$	615,425	$	623,140
6 1⁄8% Senior Notes, due 2023:
$650.0 million, net of $0.9 million discount at December 28, 2019	—		649,133
5 1⁄8% Senior Notes, due 2025	300,000		300,000
6 1⁄2% Senior Notes, due 2027	300,000		300,000
5 1⁄4% Senior Notes, due 2029	700,000		—
Total	1,915,425		1,872,273
Current portion of long-term debt	6,354		7,942
Long-term debt	$	1,909,071	$	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 January 2, 2021, are as follows:

2021	$	6,354
2022	6,354
2023	6,354
2024	597,252
2025	300,000
Thereafter	1,000,000
Total	1,916,314
Less: Original issue net discount	(889)
Less: Capitalized loan costs	(16,724)
Total debt	$	1,898,701

Summary of Activity for Deferred Financing Fees

The following table presents the activity for the deferred financing fees for the years ended January 2, 2021 and December 28, 2019: 

	Deferred financing fees
Balance—December 29, 2018	$	15,475
Loan origination fees	6,312
Amortization	(3,501)
Write off of deferred financing fees	(2,850)
Balance—December 28, 2019	$	15,436
Loan origination fees	9,605
Amortization	(3,336)
Write off of deferred financing fees	(3,338)
Balance—January 2, 2021	$	18,367