ACQUISITIONS, DISPOSTIONS, GOODWILL AND INTANGIBLES - (Tables)

6 Months Ended

Jul. 01, 2023

Business Acquisition [Line Items]

Schedule Of Acquisitions By Region

The following table summarizes the Company’s acquisitions by region and period:

	Six months ended	Year ended
	July 1, 2023	December 31, 2022
West	3	—
East	1	2

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes aggregated information regarding the fair values of the assets acquired and liabilities assumed as of the respective acquisition dates:

	Six months ended		Year ended
	July 1, 2023		December 31, 2022
Financial assets	$	13,104	$	297
Inventories	6,521		161
Property, plant and equipment	137,394		30,041
Other assets	458		1,116
Financial liabilities	(11,925)		(1,120)
Other long-term liabilities	(768)		(1,589)
Net assets acquired	144,784		28,906
Goodwill	94,564		—
Purchase price	239,348		28,906
Acquisition-related liabilities	—		(6,176)
Other	(1,682)		—
Net cash paid for acquisitions	$	237,666	$	22,730

Schedule of Goodwill by Reportable Segment and in Total

Changes in the carrying amount of goodwill, by reportable segment, from December 31, 2022 to July 1, 2023 are summarized as follows:

	West		East		Cement		Total
Balance—December 31, 2022	$	566,389	$	361,501	$	204,656	$	1,132,546
Acquisitions (1)	94,564		—		—		94,564
Foreign currency translation adjustments	1,358		—		—		1,358
Balance—July 1, 2023	$	662,311	$	361,501	$	204,656	$	1,228,468

_______________________________________________________________________

(1) Reflects goodwill from 2023 acquisitions.

Schedule of Intangible Assets by Type and in Total

The following table shows intangible assets by type and in total:

	July 1, 2023						December 31, 2022
	Gross  Carrying  Amount		Accumulated  Amortization		Net  Carrying  Amount		Gross  Carrying  Amount		Accumulated  Amortization		Net  Carrying  Amount
Operating permits	$	38,677	$	(4,926)	$	33,751	$	38,677	$	(4,109)	$	34,568
Mineral leases	17,778		(7,228)		10,550		18,091		(7,056)		11,035
Reserve rights	25,586		(4,608)		20,978		25,242		(3,872)		21,370
Other	4,994		(559)		4,435		4,877		(466)		4,411
Total intangible assets	$	87,035	$	(17,321)	$	69,714	$	86,887	$	(15,503)	$	71,384

Schedule of Estimated Amortization Expense for Intangible Assets

The estimated amortization expense for the intangible assets for each of the five years subsequent to July 1, 2023 is as follows:

2023 (six months)	$	1,999
2024	4,006
2025	3,965
2026	3,916
2027	3,904
2028	3,906
Thereafter	48,018
Total	$	69,714

Summit Materials, LLC

Business Acquisition [Line Items]

Schedule Of Acquisitions By Region

The following table summarizes the Company’s acquisitions by region and period:

	Six months ended	Year ended
	July 1, 2023	December 31, 2022
West	3	—
East	1	2

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes aggregated information regarding the fair values of the assets acquired and liabilities assumed as of the respective acquisition dates:

	Six months ended		Year ended
	July 1, 2023		December 31, 2022
Financial assets	$	13,104	$	297
Inventories	6,521		161
Property, plant and equipment	137,394		30,041
Other assets	458		1,116
Financial liabilities	(11,925)		(1,120)
Other long-term liabilities	(768)		(1,589)
Net assets acquired	144,784		28,906
Goodwill	94,564		—
Purchase price	239,348		28,906
Acquisition-related liabilities	—		(6,176)
Other	(1,682)		—
Net cash paid for acquisitions	$	237,666	$	22,730

Schedule of Goodwill by Reportable Segment and in Total

Changes in the carrying amount of goodwill, by reportable segment, from December 31, 2022 to July 1, 2023 are summarized as follows:

	West		East		Cement		Total
Balance—December 31, 2022	$	567,389	$	361,501	$	204,656	$	1,133,546
Acquisitions (1)	94,564		—		—		94,564
Foreign currency translation adjustments	1,358		—		—		1,358
Balance—July 1, 2023	$	663,311	$	361,501	$	204,656	$	1,229,468

_______________________________________________________________________

(1) Reflects goodwill from 2023 acquisitions.

Schedule of Intangible Assets by Type and in Total

The following table shows intangible assets by type and in total:

	July 1, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Operating permits	$	38,677	$	(4,926)	$	33,751	$	38,677	$	(4,109)	$	34,568
Mineral leases	17,778		(7,228)		10,550		18,091		(7,056)		11,035
Reserve rights	25,586		(4,608)		20,978		25,242		(3,872)		21,370
Other	4,994		(559)		4,435		4,877		(466)		4,411
Total intangible assets	$	87,035	$	(17,321)	$	69,714	$	86,887	$	(15,503)	$	71,384

Schedule of Estimated Amortization Expense for Intangible Assets

The estimated amortization expense for the intangible assets for each of the five years subsequent to July 1, 2023 is as follows:

2023 (six months)	$	1,999
2024	4,006
2025	3,965
2026	3,916
2027	3,904
2028	3,906
Thereafter	48,018
Total	$	69,714