XML 77 R49.htm IDEA: XBRL DOCUMENT v3.3.1.900
Employee Long Term Incentive Plan (Tables)
12 Months Ended
Jan. 02, 2016
Summary of Information for the Equity Awards Granted
The following table summarizes information for the equity awards granted in 2015:

 

     LP Units      Warrants  
     Number of
units
    Weighted average
fair value
per unit
     Number of
warrants
     Weighted
average grant-
date fair value
per unit
 

Beginning balance—December 27, 2014

     —        $ —           —         $ —     

LP Unit Reclassification (1)

     1,523,165        18.00         —           —     

Granted

     —          —           160,333         18.00   

Vested

     253,829        18.00         —           —     

Forfeited

     (22,644     18.00         —           —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Balance—January 2, 2016

     1,754,350      $ 18.00         160,333       $ 18.00   
  

 

 

   

 

 

    

 

 

    

 

 

 

LP Units exercisable

     1,754,350        20.04         

 

  (1) In conjunction with the Reclassification, the Class D interests were converted to LP Units. This amount reflects the reclassification of the vested Class D interests.

 

    Options     Restricted Stock Units  
    Number of
options
    Weighted
average grant-
date fair value
per unit
    Number of
restricted
stock units
    Weighted
average grant-
date fair value
per unit
 

Beginning balance—December 27, 2014

    —        $ —          —        $ —     

Granted

    2,300,314        9.00        10,000        23.79   

Forfeited

    (34,730     8.95        —          —     
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance—January 2, 2016

    2,265,584      $ 9.00        10,000      $ 23.79   
 

 

 

   

 

 

   

 

 

   

 

 

 
Capital Units [Member]  
Weighted Average Assumptions Used to Estimate the Fair Value of Grants

The following table presents the weighted average assumptions used to estimate the fair value of grants in 2015, 2014 and 2013:

 

     2015     2014     2013  

Class D Units

                        

Risk-free interest rate

     1.68% - 1.92     0.50% - 0.68     0.50

Dividend yield

     None        None        None   

Volatility

     50     58     58

Expected term

     7 - 10 years        3 - 4 years        4 years   
Summit Materials, LLC [Member]  
Summary of Information for the Equity Awards Granted
The following table summarizes information for the equity awards granted in 2015:

 

     LP Units      Warrants  
     Number of
units
     Weighted
average
fair value
per unit
     Number of
warrants
     Weighted
average grant-
date fair value
per unit
 

Beginning balance - December 27, 2014

     —         $ —           —         $ —     

LP Unit Reclassification(1)

     1,523,165         18.00         —           —     

Granted

     —           —           160,333         18.00   

Vested

     253,829         18.00         —           —     

Forfeited

     (22,644      18.00         —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance - January 2, 2016

     1,754,350       $ 18.00         160,333       $ 18.00   
  

 

 

    

 

 

    

 

 

    

 

 

 

LP Units exercisable

     1,754,350         20.04         

 

  (1) In conjunction with the reclassification, the Class D interests were converted to LP Units. This amount reflects the reclassification of the vested Class D interests.

 

     Options      Restricted Stock Units  
     Number of
options
     Weighted
average grant-
date fair value
per unit
     Number of
restricted
stock units
     Weighted
average grant-
date fair value
per unit
 

Beginning balance - December 27, 2014

     —         $ —           —         $ —     

Granted

     2,300,314         9.00         10,000         23.79   

Forfeited

     (34,730      8.95         —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance - January 2, 2016

     2,265,584       $ 9.00         10,000       $ 23.79   
  

 

 

    

 

 

    

 

 

    

 

 

Summit Materials, LLC [Member] | Capital Units [Member]  
Weighted Average Assumptions Used to Estimate the Fair Value of Grants

The following table presents the weighted average assumptions used to estimate the fair value of grants in 2015, 2014 and 2013:

 

     2015     2014     2013  

Class D Units

      

Risk-free interest rate

     1.68% - 1.92     0.50% - 0.68     0.50

Dividend yield

     None        None        None   

Volatility

     50     58     58

Expected term

     7 - 10 years        3 - 4 years        4 years