LEASES - (Tables)

3 Months Ended

Apr. 02, 2022

Lessee, Lease, Description [Line Items]

Schedule of Lease Cost

The components of lease expense were as follows:

	Three months ended
	April 2, 2022			April 3, 2021
Operating lease cost	$	2,512		$	1,727
Variable lease cost	113			72
Short-term lease cost	8,248			7,301
Financing lease cost:
Amortization of right-of-use assets	1,986			3,050
Interest on lease liabilities	369			657
Total lease cost	$	13,228		$	12,807
	April 2, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets	$	28,766		$	30,150
Current operating lease liabilities	$	5,934		$	6,497
Noncurrent operating lease liabilities	28,017			28,880
Total operating lease liabilities	$	33,951		$	35,377
Finance leases:
Property and equipment, gross	$	63,040		$	68,982
Less accumulated depreciation	(31,459)			(31,404)
Property and equipment, net	$	31,581		$	37,578
Current finance lease liabilities	$	14,234		$	17,624
Long-term finance lease liabilities	10,557			14,982
Total finance lease liabilities	$	24,791		$	32,606
Weighted average remaining lease term (years):
Operating leases	9.7			9.7
Finance lease	2.5			2.3
Weighted average discount rate:
Operating leases	4.4		%	4.4		%
Finance leases	5.1		%	5.2		%
Maturities of lease liabilities, as of April 2, 2022, were as follows:
	Operating Leases			Finance Leases
2022 (nine months)	$	5,352		$	11,198
2023	6,197			7,510
2024	4,883			2,936
2025	3,612			2,415
2026	2,952			990
2027	2,456			760
Thereafter	17,307			1,083
Total lease payments	42,759			26,892
Less imputed interest	(8,808)			(2,101)
Present value of lease payments	$	33,951		$	24,791

Schedule of Lease Assets and Liabilities

The components of lease expense were as follows:

	Three months ended
	April 2, 2022			April 3, 2021
Operating lease cost	$	2,512		$	1,727
Variable lease cost	113			72
Short-term lease cost	8,248			7,301
Financing lease cost:
Amortization of right-of-use assets	1,986			3,050
Interest on lease liabilities	369			657
Total lease cost	$	13,228		$	12,807
	April 2, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets	$	28,766		$	30,150
Current operating lease liabilities	$	5,934		$	6,497
Noncurrent operating lease liabilities	28,017			28,880
Total operating lease liabilities	$	33,951		$	35,377
Finance leases:
Property and equipment, gross	$	63,040		$	68,982
Less accumulated depreciation	(31,459)			(31,404)
Property and equipment, net	$	31,581		$	37,578
Current finance lease liabilities	$	14,234		$	17,624
Long-term finance lease liabilities	10,557			14,982
Total finance lease liabilities	$	24,791		$	32,606
Weighted average remaining lease term (years):
Operating leases	9.7			9.7
Finance lease	2.5			2.3
Weighted average discount rate:
Operating leases	4.4		%	4.4		%
Finance leases	5.1		%	5.2		%
Maturities of lease liabilities, as of April 2, 2022, were as follows:
	Operating Leases			Finance Leases
2022 (nine months)	$	5,352		$	11,198
2023	6,197			7,510
2024	4,883			2,936
2025	3,612			2,415
2026	2,952			990
2027	2,456			760
Thereafter	17,307			1,083
Total lease payments	42,759			26,892
Less imputed interest	(8,808)			(2,101)
Present value of lease payments	$	33,951		$	24,791

Schedule of Finance Lease Liability Maturities

The components of lease expense were as follows:

	Three months ended
	April 2, 2022			April 3, 2021
Operating lease cost	$	2,512		$	1,727
Variable lease cost	113			72
Short-term lease cost	8,248			7,301
Financing lease cost:
Amortization of right-of-use assets	1,986			3,050
Interest on lease liabilities	369			657
Total lease cost	$	13,228		$	12,807
	April 2, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets	$	28,766		$	30,150
Current operating lease liabilities	$	5,934		$	6,497
Noncurrent operating lease liabilities	28,017			28,880
Total operating lease liabilities	$	33,951		$	35,377
Finance leases:
Property and equipment, gross	$	63,040		$	68,982
Less accumulated depreciation	(31,459)			(31,404)
Property and equipment, net	$	31,581		$	37,578
Current finance lease liabilities	$	14,234		$	17,624
Long-term finance lease liabilities	10,557			14,982
Total finance lease liabilities	$	24,791		$	32,606
Weighted average remaining lease term (years):
Operating leases	9.7			9.7
Finance lease	2.5			2.3
Weighted average discount rate:
Operating leases	4.4		%	4.4		%
Finance leases	5.1		%	5.2		%
Maturities of lease liabilities, as of April 2, 2022, were as follows:
	Operating Leases			Finance Leases
2022 (nine months)	$	5,352		$	11,198
2023	6,197			7,510
2024	4,883			2,936
2025	3,612			2,415
2026	2,952			990
2027	2,456			760
Thereafter	17,307			1,083
Total lease payments	42,759			26,892
Less imputed interest	(8,808)			(2,101)
Present value of lease payments	$	33,951		$	24,791

Schedule of Operating Lease Liability Maturities

The components of lease expense were as follows:

	Three months ended
	April 2, 2022			April 3, 2021
Operating lease cost	$	2,512		$	1,727
Variable lease cost	113			72
Short-term lease cost	8,248			7,301
Financing lease cost:
Amortization of right-of-use assets	1,986			3,050
Interest on lease liabilities	369			657
Total lease cost	$	13,228		$	12,807
	April 2, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets	$	28,766		$	30,150
Current operating lease liabilities	$	5,934		$	6,497
Noncurrent operating lease liabilities	28,017			28,880
Total operating lease liabilities	$	33,951		$	35,377
Finance leases:
Property and equipment, gross	$	63,040		$	68,982
Less accumulated depreciation	(31,459)			(31,404)
Property and equipment, net	$	31,581		$	37,578
Current finance lease liabilities	$	14,234		$	17,624
Long-term finance lease liabilities	10,557			14,982
Total finance lease liabilities	$	24,791		$	32,606
Weighted average remaining lease term (years):
Operating leases	9.7			9.7
Finance lease	2.5			2.3
Weighted average discount rate:
Operating leases	4.4		%	4.4		%
Finance leases	5.1		%	5.2		%
Maturities of lease liabilities, as of April 2, 2022, were as follows:
	Operating Leases			Finance Leases
2022 (nine months)	$	5,352		$	11,198
2023	6,197			7,510
2024	4,883			2,936
2025	3,612			2,415
2026	2,952			990
2027	2,456			760
Thereafter	17,307			1,083
Total lease payments	42,759			26,892
Less imputed interest	(8,808)			(2,101)
Present value of lease payments	$	33,951		$	24,791

Summit Materials, LLC

Lessee, Lease, Description [Line Items]

Schedule of Lease Cost

The components of lease expense were as follows:

	Three months ended
	April 2, 2022			April 3, 2021
Operating lease cost	$	2,512		$	1,727
Variable lease cost	113			72
Short-term lease cost	8,248			7,301
Financing lease cost:
Amortization of right-of-use assets	1,986			3,050
Interest on lease liabilities	369			657
Total lease cost	$	13,228		$	12,807
	April 2, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets	$	28,766		$	30,150
Current operating lease liabilities	$	5,934		$	6,497
Noncurrent operating lease liabilities	28,017			28,880
Total operating lease liabilities	$	33,951		$	35,377
Finance leases:
Property and equipment, gross	$	63,040		$	68,982
Less accumulated depreciation	(31,459)			(31,404)
Property and equipment, net	$	31,581		$	37,578
Current finance lease liabilities	$	14,234		$	17,624
Long-term finance lease liabilities	10,557			14,982
Total finance lease liabilities	$	24,791		$	32,606
Weighted average remaining lease term (years):
Operating leases	9.7			9.7
Finance lease	2.5			2.3
Weighted average discount rate:
Operating leases	4.4		%	4.4		%
Finance leases	5.1		%	5.2		%
Maturities of lease liabilities, as of April 2, 2022, were as follows:
	Operating Leases			Finance Leases
2022 (nine months)	$	5,352		$	11,198
2023	6,197			7,510
2024	4,883			2,936
2025	3,612			2,415
2026	2,952			990
2027	2,456			760
Thereafter	17,307			1,083
Total lease payments	42,759			26,892
Less imputed interest	(8,808)			(2,101)
Present value of lease payments	$	33,951		$	24,791

Schedule of Lease Assets and Liabilities

The components of lease expense were as follows:

	Three months ended
	April 2, 2022			April 3, 2021
Operating lease cost	$	2,512		$	1,727
Variable lease cost	113			72
Short-term lease cost	8,248			7,301
Financing lease cost:
Amortization of right-of-use assets	1,986			3,050
Interest on lease liabilities	369			657
Total lease cost	$	13,228		$	12,807
	April 2, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets	$	28,766		$	30,150
Current operating lease liabilities	$	5,934		$	6,497
Noncurrent operating lease liabilities	28,017			28,880
Total operating lease liabilities	$	33,951		$	35,377
Finance leases:
Property and equipment, gross	$	63,040		$	68,982
Less accumulated depreciation	(31,459)			(31,404)
Property and equipment, net	$	31,581		$	37,578
Current finance lease liabilities	$	14,234		$	17,624
Long-term finance lease liabilities	10,557			14,982
Total finance lease liabilities	$	24,791		$	32,606
Weighted average remaining lease term (years):
Operating leases	9.7			9.7
Finance lease	2.5			2.3
Weighted average discount rate:
Operating leases	4.4		%	4.4		%
Finance leases	5.1		%	5.2		%
Maturities of lease liabilities, as of April 2, 2022, were as follows:
	Operating Leases			Finance Leases
2022 (nine months)	$	5,352		$	11,198
2023	6,197			7,510
2024	4,883			2,936
2025	3,612			2,415
2026	2,952			990
2027	2,456			760
Thereafter	17,307			1,083
Total lease payments	42,759			26,892
Less imputed interest	(8,808)			(2,101)
Present value of lease payments	$	33,951		$	24,791

Schedule of Finance Lease Liability Maturities

The components of lease expense were as follows:

	Three months ended
	April 2, 2022			April 3, 2021
Operating lease cost	$	2,512		$	1,727
Variable lease cost	113			72
Short-term lease cost	8,248			7,301
Financing lease cost:
Amortization of right-of-use assets	1,986			3,050
Interest on lease liabilities	369			657
Total lease cost	$	13,228		$	12,807
	April 2, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets	$	28,766		$	30,150
Current operating lease liabilities	$	5,934		$	6,497
Noncurrent operating lease liabilities	28,017			28,880
Total operating lease liabilities	$	33,951		$	35,377
Finance leases:
Property and equipment, gross	$	63,040		$	68,982
Less accumulated depreciation	(31,459)			(31,404)
Property and equipment, net	$	31,581		$	37,578
Current finance lease liabilities	$	14,234		$	17,624
Long-term finance lease liabilities	10,557			14,982
Total finance lease liabilities	$	24,791		$	32,606
Weighted average remaining lease term (years):
Operating leases	9.7			9.7
Finance lease	2.5			2.3
Weighted average discount rate:
Operating leases	4.4		%	4.4		%
Finance leases	5.1		%	5.2		%
Maturities of lease liabilities, as of April 2, 2022, were as follows:
	Operating Leases			Finance Leases
2022 (nine months)	$	5,352		$	11,198
2023	6,197			7,510
2024	4,883			2,936
2025	3,612			2,415
2026	2,952			990
2027	2,456			760
Thereafter	17,307			1,083
Total lease payments	42,759			26,892
Less imputed interest	(8,808)			(2,101)
Present value of lease payments	$	33,951		$	24,791

Schedule of Operating Lease Liability Maturities

The components of lease expense were as follows:

	Three months ended
	April 2, 2022			April 3, 2021
Operating lease cost	$	2,512		$	1,727
Variable lease cost	113			72
Short-term lease cost	8,248			7,301
Financing lease cost:
Amortization of right-of-use assets	1,986			3,050
Interest on lease liabilities	369			657
Total lease cost	$	13,228		$	12,807
	April 2, 2022			January 1, 2022
Supplemental balance sheet information related to leases:
Operating leases:
Operating lease right-of-use assets	$	28,766		$	30,150
Current operating lease liabilities	$	5,934		$	6,497
Noncurrent operating lease liabilities	28,017			28,880
Total operating lease liabilities	$	33,951		$	35,377
Finance leases:
Property and equipment, gross	$	63,040		$	68,982
Less accumulated depreciation	(31,459)			(31,404)
Property and equipment, net	$	31,581		$	37,578
Current finance lease liabilities	$	14,234		$	17,624
Long-term finance lease liabilities	10,557			14,982
Total finance lease liabilities	$	24,791		$	32,606
Weighted average remaining lease term (years):
Operating leases	9.7			9.7
Finance lease	2.5			2.3
Weighted average discount rate:
Operating leases	4.4		%	4.4		%
Finance leases	5.1		%	5.2		%
Maturities of lease liabilities, as of April 2, 2022, were as follows:
	Operating Leases			Finance Leases
2022 (nine months)	$	5,352		$	11,198
2023	6,197			7,510
2024	4,883			2,936
2025	3,612			2,415
2026	2,952			990
2027	2,456			760
Thereafter	17,307			1,083
Total lease payments	42,759			26,892
Less imputed interest	(8,808)			(2,101)
Present value of lease payments	$	33,951		$	24,791