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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Revenue:        
Total revenue $ 1,118,262 $ 729,150 $ 1,923,277 $ 1,164,538
Cost of revenue (excluding items shown separately below):        
Total cost of revenue 750,009 492,403 1,374,020 846,440
General and administrative expenses 83,875 53,838 152,401 99,836
Depreciation, depletion, amortization and accretion 104,397 54,787 200,368 105,681
Transaction and integration costs 10,265 1,712 72,473 2,076
Gain on sale of property, plant and equipment (3,180) (3,223) (4,028) (3,653)
Operating income 172,896 129,633 128,043 114,158
Interest expense 52,849 27,902 104,741 55,322
Loss on debt financings 0 0 5,453 493
Gain on sale of businesses (3,758) 0 (18,743) 0
Other income, net (8,086) (5,478) (16,964) (11,188)
Income from operations before taxes 131,891 107,209 53,556 69,531
Income tax expense 25,816 22,481 14,751 16,015
Net income 106,075 84,728 38,805 53,516
Net income (loss) attributable to noncontrolling interest in Summit Holdings 0 1,091 (404) 683
Net income attributable to Summit Inc. $ 106,075 $ 83,637 $ 39,209 $ 52,833
Common Class A        
Earnings per share of Class A common stock:        
Basic (in usd per share) $ 0.60 $ 0.70 $ 0.23 $ 0.44
Diluted (in usd per share) $ 0.60 $ 0.70 $ 0.23 $ 0.44
Weighted average shares of Class A common stock:        
Basic (in shares) 175,510,071 118,848,214 171,478,056 118,706,385
Diluted (in shares) 176,132,001 119,393,709 172,308,044 119,431,604
Common Class A And Restricted Stock        
Earnings per share of Class A common stock:        
Basic (in usd per share) $ 0.60 $ 0.70 $ 0.23 $ 0.44
Weighted average shares of Class A common stock:        
Basic (in shares) 175,550,487 118,931,914 171,531,031 118,805,785
Diluted (in shares) 176,132,001 119,393,709 172,308,044 119,431,604
Excluding delivery and subcontract revenue        
Revenue:        
Total revenue $ 1,075,471 $ 680,373 $ 1,848,700 $ 1,087,643
Cost of revenue (excluding items shown separately below):        
Total cost of revenue 707,218 443,626 1,299,443 769,545
Product        
Revenue:        
Total revenue 993,741 595,714 1,722,435 967,886
Cost of revenue (excluding items shown separately below):        
Total cost of revenue 650,088 377,634 1,206,108 673,515
Service        
Revenue:        
Total revenue 81,730 84,659 126,265 119,757
Cost of revenue (excluding items shown separately below):        
Total cost of revenue 57,130 65,992 93,335 96,030
Delivery and subcontract revenue        
Revenue:        
Total revenue 42,791 48,777 74,577 76,895
Cost of revenue (excluding items shown separately below):        
Total cost of revenue $ 42,791 $ 48,777 $ 74,577 $ 76,895