REVENUE RECOGNITION - (Tables)
|
9 Months Ended |
Sep. 28, 2019 |
Revenue from External Customer [Line Items] |
|
Revenue by Product |
Revenue by product for the three and nine months ended September 28, 2019 and September 29, 2018 is as follows: | | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | September 28, 2019 | | September 29, 2018 | | September 28, 2019 | | September 29, 2018 | Revenue by product*: | | | | | | | | Aggregates | $ | 137,528 |
| | $ | 109,621 |
| | $ | 354,050 |
| | $ | 280,761 |
| Cement | 92,482 |
| | 87,909 |
| | 202,780 |
| | 197,439 |
| Ready-mix concrete | 172,758 |
| | 164,866 |
| | 444,258 |
| | 447,490 |
| Asphalt | 137,753 |
| | 125,153 |
| | 254,156 |
| | 231,666 |
| Paving and related services | 138,083 |
| | 146,477 |
| | 267,732 |
| | 288,119 |
| Other | 53,478 |
| | 60,635 |
| | 142,636 |
| | 164,497 |
| Total revenue | $ | 732,082 |
| | $ | 694,661 |
| | $ | 1,665,612 |
| | $ | 1,609,972 |
|
*Revenue from liquid asphalt terminals is included in asphalt revenue.
|
Schedule of Contract Asset and Liability |
The following table outlines the significant changes in contract assets and contract liability balances from December 29, 2018 to September 28, 2019. Also included in the table is the net change in estimate as a percentage of aggregate revenue for such contracts: | | | | | | | | | | Costs and estimated earnings in excess of billings | | Billings in excess of costs and estimated earnings | Balance - December 29, 2018 | $ | 18,602 |
| | $ | 11,840 |
| Changes in revenue billed, contract price or cost estimates | 31,085 |
| | 618 |
| Other | 28 |
| | 18 |
| Balance - September 28, 2019 | $ | 49,715 |
| | $ | 12,476 |
|
|
Summary of Accounts Receivable, Net |
Accounts receivable, net consisted of the following as of September 28, 2019 and December 29, 2018: | | | | | | | | | | September 28, 2019 | | December 29, 2018 | Trade accounts receivable | $ | 251,426 |
| | $ | 157,601 |
| Construction contract receivables | 71,903 |
| | 47,994 |
| Retention receivables | 17,227 |
| | 15,010 |
| Receivables from related parties | 1,783 |
| | 629 |
| Accounts receivable | 342,339 |
| | 221,234 |
| Less: Allowance for doubtful accounts | (5,279 | ) | | (6,716 | ) | Accounts receivable, net | $ | 337,060 |
| | $ | 214,518 |
|
|
Summit Materials, LLC |
|
Revenue from External Customer [Line Items] |
|
Revenue by Product |
Revenue by product for the three and nine months ended September 28, 2019 and September 29, 2018 is as follows: | | | | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | | September 28, | | September 29, | | September 28, | | September 29, | | | 2019 | | 2018 | | 2019 | | 2018 | Revenue by product*: | | | | | | | | | Aggregates | | $ | 137,528 |
| | $ | 109,621 |
| | $ | 354,050 |
| | $ | 280,761 |
| Cement | | 92,482 |
| | 87,909 |
| | 202,780 |
| | 197,439 |
| Ready-mix concrete | | 172,758 |
| | 164,866 |
| | 444,258 |
| | 447,490 |
| Asphalt | | 137,753 |
| | 125,153 |
| | 254,156 |
| | 231,666 |
| Paving and related services | | 138,083 |
| | 146,477 |
| | 267,732 |
| | 288,119 |
| Other | | 53,478 |
| | 60,635 |
| | 142,636 |
| | 164,497 |
| Total revenue | | $ | 732,082 |
| | $ | 694,661 |
| | $ | 1,665,612 |
| | $ | 1,609,972 |
|
*Revenue from liquid asphalt terminals is included in asphalt revenue.
|
Schedule of Contract Asset and Liability |
The following table outlines the significant changes in contract assets and contract liability balances from December 29, 2018 to September 28, 2019. Also included in the table is the net change in estimate as a percentage of aggregate revenue for such contracts: | | | | | | | | | | | | Costs and estimated | | Billings in excess | | | earnings in | | of costs and | | | excess of billings | | estimated earnings | Balance - December 29, 2018 | | $ | 18,602 |
| | $ | 11,840 |
| Changes in revenue billed, contract price or cost estimates | | 31,085 |
| | 618 |
| Other | | 28 |
| | 18 |
| Balance - September 28, 2019 | | $ | 49,715 |
| | $ | 12,476 |
|
|
Summary of Accounts Receivable, Net |
Accounts receivable, net consisted of the following as of September 28, 2019 and December 29, 2018: | | | | | | | | | | | | September 28, | | December 29, | | | 2019 | | 2018 | Trade accounts receivable | | $ | 251,426 |
| | $ | 157,601 |
| Construction contract receivables | | 71,903 |
| | 47,994 |
| Retention receivables | | 17,227 |
| | 15,010 |
| Receivables from related parties | | 1,783 |
| | 629 |
| Accounts receivable | | 342,339 |
| | 221,234 |
| Less: Allowance for doubtful accounts | | (5,279 | ) | | (6,716 | ) | Accounts receivable, net | | $ | 337,060 |
| | $ | 214,518 |
|
|