Debt (Tables)
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12 Months Ended |
Dec. 29, 2018 |
Schedule of Debt |
Debt consisted of the following as of December 29, 2018 and December 30, 2017: | | | | | | | | | | | | 2018 | | 2017 | Term Loan, due 2024: | | | | | $630.6 million and $635.4 million, net of $1.3 million and $1.6 million discount at December 29, 2018 and December 30, 2017, respectively | | $ | 629,268 |
| | $ | 633,805 |
| 8 1/2% Senior Notes, due 2022 | | 250,000 |
| | 250,000 |
| 6 1/8% Senior Notes, due 2023: | | | | | $650.0 million, net of $1.1 million and $1.4 million discount at December 29, 2018 and December 30, 2017, respectively | | 648,891 |
| | 648,650 |
| 5 1/8% Senior Notes, due 2025 | | 300,000 |
| | 300,000 |
| Total | | 1,828,159 |
| | 1,832,455 |
| Current portion of long-term debt | | 6,354 |
| | 4,765 |
| Long-term debt | | $ | 1,821,805 |
| | $ | 1,827,690 |
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Schedule of Contractual Payments of Long-Term Debt |
The contractual payments of long-term debt, including current maturities, for the five years subsequent to December 29, 2018, are as follows: | | | | | | | 2019 | $ | 6,354 |
| 2020 | 7,942 |
| 2021 | 6,354 |
| 2022 | 256,354 |
| 2023 | 656,354 |
| Thereafter | 897,253 |
| Total | 1,830,611 |
| Less: Original issue net discount | (2,452 | ) | Less: Capitalized loan costs | (14,303 | ) | Total debt | $ | 1,813,856 |
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Summary of Activity for Deferred Financing Fees |
The following table presents the activity for the deferred financing fees for the years ended December 29, 2018 and December 30, 2017: | | | | | | | | Deferred financing fees | Balance—December 31, 2016 | $ | 18,290 |
| Loan origination fees | 6,416 |
| Amortization | (3,990 | ) | Write off of deferred financing fees | (1,683 | ) | Balance—December 30, 2017 | $ | 19,033 |
| Loan origination fees | 550 |
| Amortization | (4,108 | ) | Balance—December 29, 2018 | $ | 15,475 |
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Summit Materials, LLC |
|
Schedule of Debt |
Debt consisted of the following as of December 29, 2018 and December 30, 2017: | | | | | | | | | | | | 2018 | | 2017 | Term Loan, due 2024: | | | | | $630.6 million and $635.4 million, net of $1.3 million and $1.6 million discount at December 29, 2018 and December 30, 2017, respectively | | $ | 629,268 |
| | $ | 633,805 |
| 8 1/2% Senior Notes, due 2022 | | 250,000 |
| | 250,000 |
| 6 1/8% Senior Notes, due 2023: | | | | | $650.0 million, net of $1.1 million and $1.4 million discount at December 29, 2018 and December 30, 2017, respectively | | 648,891 |
| | 648,650 |
| 5 1/8% Senior Notes, due 2025 | | 300,000 |
| | 300,000 |
| Total | | 1,828,159 |
| | 1,832,455 |
| Current portion of long-term debt | | 6,354 |
| | 4,765 |
| Long-term debt | | $ | 1,821,805 |
| | $ | 1,827,690 |
|
|
Schedule of Contractual Payments of Long-Term Debt |
The contractual payments of long-term debt, including current maturities, for the five years subsequent to December 29, 2018, are as follows: | | | | | | | 2019 | $ | 6,354 |
| 2020 | 7,942 |
| 2021 | 6,354 |
| 2022 | 256,354 |
| 2023 | 656,354 |
| Thereafter | 897,253 |
| Total | 1,830,611 |
| Less: Original issue net discount | (2,452 | ) | Less: Capitalized loan costs | (14,303 | ) | Total debt | $ | 1,813,856 |
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|
Summary of Activity for Deferred Financing Fees |
The following table presents the activity for the deferred financing fees for the years ended December 29, 2018 and December 30, 2017: | | | | | | | | Deferred financing fees | Balance—December 31, 2016 | $ | 18,290 |
| Loan origination fees | 6,416 |
| Amortization | (3,990 | ) | Write off of deferred financing fees | (1,683 | ) | Balance—December 30, 2017 | $ | 19,033 |
| Loan origination fees | 550 |
| Amortization | (4,108 | ) | Balance—December 29, 2018 | $ | 15,475 |
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