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Unaudited Consolidated Statements of Operations - Summit Materials Inc - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Revenue:        
Total revenue $ 729,150 $ 686,554 $ 1,164,538 $ 1,107,501
Cost of revenue (excluding items shown separately below):        
Total cost of revenue 492,403 484,205 846,440 837,585
General and administrative expenses 55,550 47,651 101,912 99,575
Depreciation, depletion, amortization and accretion 54,787 47,157 105,681 98,350
Gain on sale of property, plant and equipment (3,223) (3,695) (3,653) (4,950)
Operating income 129,633 111,236 114,158 76,941
Interest expense 27,902 20,599 55,322 40,748
Loss on debt financings 0 0 493 0
Tax receivable agreement expense 0 954 0 954
Gain on sale of businesses 0 (156,053) 0 (170,258)
Other income, net (5,478) (977) (11,188) (1,673)
Income from operations before taxes 107,209 246,713 69,531 207,170
Income tax expense 22,481 53,947 16,015 49,204
Net income 84,728 192,766 53,516 157,966
Net income attributable to noncontrolling interest in Summit Holdings 1,091 2,653 683 2,145
Net income attributable to Summit Inc. $ 83,637 $ 190,113 $ 52,833 $ 155,821
Common Class A        
Earnings per share of Class A common stock:        
Basic (in usd per share) $ 0.70 $ 1.58 $ 0.44 $ 1.29
Diluted (in usd per share) $ 0.70 $ 1.58 $ 0.44 $ 1.28
Weighted average shares of Class A common stock:        
Basic (in shares) 118,848,214 120,078,273 118,706,385 120,417,414
Diluted (in shares) 119,393,709 120,660,721 119,431,604 121,374,168
Common Class A And Restricted Stock        
Earnings per share of Class A common stock:        
Basic (in usd per share) $ 0.70 $ 1.58 $ 0.44 $ 1.29
Weighted average shares of Class A common stock:        
Basic (in shares) 118,931,914 120,222,094 118,805,785 120,569,387
Excluding delivery and subcontract revenue        
Revenue:        
Total revenue $ 680,373 $ 631,918 $ 1,087,643 $ 1,024,413
Cost of revenue (excluding items shown separately below):        
Total cost of revenue 443,626 429,569 769,545 754,497
Product        
Revenue:        
Total revenue 595,714 542,939 967,886 898,608
Cost of revenue (excluding items shown separately below):        
Total cost of revenue 377,634 360,356 673,515 650,701
Service        
Revenue:        
Total revenue 84,659 88,979 119,757 125,805
Cost of revenue (excluding items shown separately below):        
Total cost of revenue 65,992 69,213 96,030 103,796
Delivery and subcontract revenue        
Revenue:        
Total revenue 48,777 54,636 76,895 83,088
Cost of revenue (excluding items shown separately below):        
Total cost of revenue $ 48,777 $ 54,636 $ 76,895 $ 83,088