LEASES - (Tables)
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9 Months Ended |
Sep. 26, 2020 |
Lessee, Lease, Description [Line Items] |
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Schedule of Lease Cost |
The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | September 26, 2020 | | September 28, 2019 | | September 26, 2020 | | September 28, 2019 | Operating lease cost | $ | 2,478 | | | $ | 2,608 | | | $ | 7,576 | | | $ | 7,757 | | Variable lease cost | 90 | | | 151 | | | 253 | | | 366 | | Short-term lease cost | 14,335 | | | 11,871 | | | 33,369 | | | 28,043 | | Financing lease cost: | | | | | | | | Amortization of right-of-use assets | 3,439 | | | 2,612 | | | 9,307 | | | 7,905 | | Interest on lease liabilities | 780 | | | 773 | | | 2,329 | | | 2,404 | | Total lease cost | $ | 21,122 | | | $ | 18,015 | | | $ | 52,834 | | | $ | 46,475 | | | | | | September 26, 2020 | | December 28, 2019 | Supplemental balance sheet information related to leases: | | | | Operating leases: | | | | Operating lease right-of-use assets | $ | 28,551 | | | $ | 32,777 | | | | | | Current operating lease liabilities | $ | 8,193 | | | $ | 8,427 | | Noncurrent operating lease liabilities | 21,327 | | | 25,381 | | Total operating lease liabilities | $ | 29,520 | | | $ | 33,808 | | Finance leases: | | | | Property and equipment, gross | $ | 92,873 | | | $ | 82,660 | | Less accumulated depreciation | (29,663) | | | (24,907) | | Property and equipment, net | $ | 63,210 | | | $ | 57,753 | | | | | | Current finance lease liabilities | $ | 24,868 | | | $ | 16,007 | | Long-term finance lease liabilities | 34,913 | | | 40,410 | | Total finance lease liabilities | $ | 59,781 | | | $ | 56,417 | | | Weighted average remaining lease term (years): | Operating leases | 9.0 | | 8.6 | Finance lease | 2.6 | | 2.6 | | Weighted average discount rate (%): | Operating leases | 5.4 | % | | 5.5 | % | Finance lease | 5.2 | % | | 5.5 | % | | Maturities of lease liabilities were as follows: | | Operating Leases | | Finance Leases | 2020 (three months) | $ | 2,444 | | | $ | 4,995 | | 2021 | 8,818 | | | 26,169 | | 2022 | 5,475 | | | 18,519 | | 2023 | 4,243 | | | 6,867 | | 2024 | 2,547 | | | 3,207 | | 2025 | 1,507 | | | 2,573 | | Thereafter | 12,808 | | | 2,831 | | Total lease payments | 37,842 | | | 65,161 | | Less imputed interest | (8,322) | | | (5,380) | | Present value of lease payments | $ | 29,520 | | | $ | 59,781 | |
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Schedule of Lease Assets and Liabilities |
The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | September 26, 2020 | | September 28, 2019 | | September 26, 2020 | | September 28, 2019 | Operating lease cost | $ | 2,478 | | | $ | 2,608 | | | $ | 7,576 | | | $ | 7,757 | | Variable lease cost | 90 | | | 151 | | | 253 | | | 366 | | Short-term lease cost | 14,335 | | | 11,871 | | | 33,369 | | | 28,043 | | Financing lease cost: | | | | | | | | Amortization of right-of-use assets | 3,439 | | | 2,612 | | | 9,307 | | | 7,905 | | Interest on lease liabilities | 780 | | | 773 | | | 2,329 | | | 2,404 | | Total lease cost | $ | 21,122 | | | $ | 18,015 | | | $ | 52,834 | | | $ | 46,475 | | | | | | September 26, 2020 | | December 28, 2019 | Supplemental balance sheet information related to leases: | | | | Operating leases: | | | | Operating lease right-of-use assets | $ | 28,551 | | | $ | 32,777 | | | | | | Current operating lease liabilities | $ | 8,193 | | | $ | 8,427 | | Noncurrent operating lease liabilities | 21,327 | | | 25,381 | | Total operating lease liabilities | $ | 29,520 | | | $ | 33,808 | | Finance leases: | | | | Property and equipment, gross | $ | 92,873 | | | $ | 82,660 | | Less accumulated depreciation | (29,663) | | | (24,907) | | Property and equipment, net | $ | 63,210 | | | $ | 57,753 | | | | | | Current finance lease liabilities | $ | 24,868 | | | $ | 16,007 | | Long-term finance lease liabilities | 34,913 | | | 40,410 | | Total finance lease liabilities | $ | 59,781 | | | $ | 56,417 | | | Weighted average remaining lease term (years): | Operating leases | 9.0 | | 8.6 | Finance lease | 2.6 | | 2.6 | | Weighted average discount rate (%): | Operating leases | 5.4 | % | | 5.5 | % | Finance lease | 5.2 | % | | 5.5 | % | | Maturities of lease liabilities were as follows: | | Operating Leases | | Finance Leases | 2020 (three months) | $ | 2,444 | | | $ | 4,995 | | 2021 | 8,818 | | | 26,169 | | 2022 | 5,475 | | | 18,519 | | 2023 | 4,243 | | | 6,867 | | 2024 | 2,547 | | | 3,207 | | 2025 | 1,507 | | | 2,573 | | Thereafter | 12,808 | | | 2,831 | | Total lease payments | 37,842 | | | 65,161 | | Less imputed interest | (8,322) | | | (5,380) | | Present value of lease payments | $ | 29,520 | | | $ | 59,781 | |
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Schedule of Finance Lease Liability Maturities |
The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | September 26, 2020 | | September 28, 2019 | | September 26, 2020 | | September 28, 2019 | Operating lease cost | $ | 2,478 | | | $ | 2,608 | | | $ | 7,576 | | | $ | 7,757 | | Variable lease cost | 90 | | | 151 | | | 253 | | | 366 | | Short-term lease cost | 14,335 | | | 11,871 | | | 33,369 | | | 28,043 | | Financing lease cost: | | | | | | | | Amortization of right-of-use assets | 3,439 | | | 2,612 | | | 9,307 | | | 7,905 | | Interest on lease liabilities | 780 | | | 773 | | | 2,329 | | | 2,404 | | Total lease cost | $ | 21,122 | | | $ | 18,015 | | | $ | 52,834 | | | $ | 46,475 | | | | | | September 26, 2020 | | December 28, 2019 | Supplemental balance sheet information related to leases: | | | | Operating leases: | | | | Operating lease right-of-use assets | $ | 28,551 | | | $ | 32,777 | | | | | | Current operating lease liabilities | $ | 8,193 | | | $ | 8,427 | | Noncurrent operating lease liabilities | 21,327 | | | 25,381 | | Total operating lease liabilities | $ | 29,520 | | | $ | 33,808 | | Finance leases: | | | | Property and equipment, gross | $ | 92,873 | | | $ | 82,660 | | Less accumulated depreciation | (29,663) | | | (24,907) | | Property and equipment, net | $ | 63,210 | | | $ | 57,753 | | | | | | Current finance lease liabilities | $ | 24,868 | | | $ | 16,007 | | Long-term finance lease liabilities | 34,913 | | | 40,410 | | Total finance lease liabilities | $ | 59,781 | | | $ | 56,417 | | | Weighted average remaining lease term (years): | Operating leases | 9.0 | | 8.6 | Finance lease | 2.6 | | 2.6 | | Weighted average discount rate (%): | Operating leases | 5.4 | % | | 5.5 | % | Finance lease | 5.2 | % | | 5.5 | % | | Maturities of lease liabilities were as follows: | | Operating Leases | | Finance Leases | 2020 (three months) | $ | 2,444 | | | $ | 4,995 | | 2021 | 8,818 | | | 26,169 | | 2022 | 5,475 | | | 18,519 | | 2023 | 4,243 | | | 6,867 | | 2024 | 2,547 | | | 3,207 | | 2025 | 1,507 | | | 2,573 | | Thereafter | 12,808 | | | 2,831 | | Total lease payments | 37,842 | | | 65,161 | | Less imputed interest | (8,322) | | | (5,380) | | Present value of lease payments | $ | 29,520 | | | $ | 59,781 | |
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Schedule of Operating Lease Liability Maturities |
The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | September 26, 2020 | | September 28, 2019 | | September 26, 2020 | | September 28, 2019 | Operating lease cost | $ | 2,478 | | | $ | 2,608 | | | $ | 7,576 | | | $ | 7,757 | | Variable lease cost | 90 | | | 151 | | | 253 | | | 366 | | Short-term lease cost | 14,335 | | | 11,871 | | | 33,369 | | | 28,043 | | Financing lease cost: | | | | | | | | Amortization of right-of-use assets | 3,439 | | | 2,612 | | | 9,307 | | | 7,905 | | Interest on lease liabilities | 780 | | | 773 | | | 2,329 | | | 2,404 | | Total lease cost | $ | 21,122 | | | $ | 18,015 | | | $ | 52,834 | | | $ | 46,475 | | | | | | September 26, 2020 | | December 28, 2019 | Supplemental balance sheet information related to leases: | | | | Operating leases: | | | | Operating lease right-of-use assets | $ | 28,551 | | | $ | 32,777 | | | | | | Current operating lease liabilities | $ | 8,193 | | | $ | 8,427 | | Noncurrent operating lease liabilities | 21,327 | | | 25,381 | | Total operating lease liabilities | $ | 29,520 | | | $ | 33,808 | | Finance leases: | | | | Property and equipment, gross | $ | 92,873 | | | $ | 82,660 | | Less accumulated depreciation | (29,663) | | | (24,907) | | Property and equipment, net | $ | 63,210 | | | $ | 57,753 | | | | | | Current finance lease liabilities | $ | 24,868 | | | $ | 16,007 | | Long-term finance lease liabilities | 34,913 | | | 40,410 | | Total finance lease liabilities | $ | 59,781 | | | $ | 56,417 | | | Weighted average remaining lease term (years): | Operating leases | 9.0 | | 8.6 | Finance lease | 2.6 | | 2.6 | | Weighted average discount rate (%): | Operating leases | 5.4 | % | | 5.5 | % | Finance lease | 5.2 | % | | 5.5 | % | | Maturities of lease liabilities were as follows: | | Operating Leases | | Finance Leases | 2020 (three months) | $ | 2,444 | | | $ | 4,995 | | 2021 | 8,818 | | | 26,169 | | 2022 | 5,475 | | | 18,519 | | 2023 | 4,243 | | | 6,867 | | 2024 | 2,547 | | | 3,207 | | 2025 | 1,507 | | | 2,573 | | Thereafter | 12,808 | | | 2,831 | | Total lease payments | 37,842 | | | 65,161 | | Less imputed interest | (8,322) | | | (5,380) | | Present value of lease payments | $ | 29,520 | | | $ | 59,781 | |
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Summit Materials, LLC |
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Lessee, Lease, Description [Line Items] |
|
Schedule of Lease Cost |
The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | September 26, 2020 | | September 28, 2019 | | September 26, 2020 | | September 28, 2019 | Operating lease cost | $ | 2,478 | | | $ | 2,608 | | | $ | 7,576 | | | $ | 7,757 | | Variable lease cost | 90 | | | 151 | | | 253 | | | 366 | | Short-term lease cost | 14,335 | | | 11,871 | | | 33,369 | | | 28,043 | | Financing lease cost: | | | | | | | | Amortization of right-of-use assets | 3,439 | | | 2,612 | | | 9,307 | | | 7,905 | | Interest on lease liabilities | 780 | | | 773 | | | 2,329 | | | 2,404 | | Total lease cost | $ | 21,122 | | | $ | 18,015 | | | $ | 52,834 | | | $ | 46,475 | | | | | | September 26, 2020 | | December 28, 2019 | Supplemental balance sheet information related to leases: | | | | Operating leases: | | | | Operating lease right-of-use assets | $ | 28,551 | | | $ | 32,777 | | | | | | Current operating lease liabilities | $ | 8,193 | | | $ | 8,427 | | Noncurrent operating lease liabilities | 21,327 | | | 25,381 | | Total operating lease liabilities | $ | 29,520 | | | $ | 33,808 | | Finance leases: | | | | Property and equipment, gross | $ | 92,873 | | | $ | 82,660 | | Less accumulated depreciation | (29,663) | | | (24,907) | | Property and equipment, net | $ | 63,210 | | | $ | 57,753 | | | | | | Current finance lease liabilities | $ | 24,868 | | | $ | 16,007 | | Long-term finance lease liabilities | 34,913 | | | 40,410 | | Total finance lease liabilities | $ | 59,781 | | | $ | 56,417 | | | | | | Weighted average remaining lease term (years): | | | | Operating leases | 9.0 | | 8.6 | Finance lease | 2.6 | | 2.6 | | | | | Weighted average discount rate (%): | | | | Operating leases | 5.4 | % | | 5.5 | % | Finance lease | 5.2 | % | | 5.5 | % | | | | | Maturities of lease liabilities were as follows: | | | | | Operating Leases | | Finance Leases | 2020 (three months) | $ | 2,444 | | | $ | 4,995 | | 2021 | 8,818 | | | 26,169 | | 2022 | 5,475 | | | 18,519 | | 2023 | 4,243 | | | 6,867 | | 2024 | 2,547 | | | 3,207 | | 2025 | 1,507 | | | 2,573 | | Thereafter | 12,808 | | | 2,831 | | Total lease payments | 37,842 | | | 65,161 | | Less imputed interest | (8,322) | | | (5,380) | | Present value of lease payments | $ | 29,520 | | | $ | 59,781 | |
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Schedule of Lease Assets and Liabilities |
The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | September 26, 2020 | | September 28, 2019 | | September 26, 2020 | | September 28, 2019 | Operating lease cost | $ | 2,478 | | | $ | 2,608 | | | $ | 7,576 | | | $ | 7,757 | | Variable lease cost | 90 | | | 151 | | | 253 | | | 366 | | Short-term lease cost | 14,335 | | | 11,871 | | | 33,369 | | | 28,043 | | Financing lease cost: | | | | | | | | Amortization of right-of-use assets | 3,439 | | | 2,612 | | | 9,307 | | | 7,905 | | Interest on lease liabilities | 780 | | | 773 | | | 2,329 | | | 2,404 | | Total lease cost | $ | 21,122 | | | $ | 18,015 | | | $ | 52,834 | | | $ | 46,475 | | | | | | September 26, 2020 | | December 28, 2019 | Supplemental balance sheet information related to leases: | | | | Operating leases: | | | | Operating lease right-of-use assets | $ | 28,551 | | | $ | 32,777 | | | | | | Current operating lease liabilities | $ | 8,193 | | | $ | 8,427 | | Noncurrent operating lease liabilities | 21,327 | | | 25,381 | | Total operating lease liabilities | $ | 29,520 | | | $ | 33,808 | | Finance leases: | | | | Property and equipment, gross | $ | 92,873 | | | $ | 82,660 | | Less accumulated depreciation | (29,663) | | | (24,907) | | Property and equipment, net | $ | 63,210 | | | $ | 57,753 | | | | | | Current finance lease liabilities | $ | 24,868 | | | $ | 16,007 | | Long-term finance lease liabilities | 34,913 | | | 40,410 | | Total finance lease liabilities | $ | 59,781 | | | $ | 56,417 | | | | | | Weighted average remaining lease term (years): | | | | Operating leases | 9.0 | | 8.6 | Finance lease | 2.6 | | 2.6 | | | | | Weighted average discount rate (%): | | | | Operating leases | 5.4 | % | | 5.5 | % | Finance lease | 5.2 | % | | 5.5 | % | | | | | Maturities of lease liabilities were as follows: | | | | | Operating Leases | | Finance Leases | 2020 (three months) | $ | 2,444 | | | $ | 4,995 | | 2021 | 8,818 | | | 26,169 | | 2022 | 5,475 | | | 18,519 | | 2023 | 4,243 | | | 6,867 | | 2024 | 2,547 | | | 3,207 | | 2025 | 1,507 | | | 2,573 | | Thereafter | 12,808 | | | 2,831 | | Total lease payments | 37,842 | | | 65,161 | | Less imputed interest | (8,322) | | | (5,380) | | Present value of lease payments | $ | 29,520 | | | $ | 59,781 | |
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Schedule of Finance Lease Liability Maturities |
The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | September 26, 2020 | | September 28, 2019 | | September 26, 2020 | | September 28, 2019 | Operating lease cost | $ | 2,478 | | | $ | 2,608 | | | $ | 7,576 | | | $ | 7,757 | | Variable lease cost | 90 | | | 151 | | | 253 | | | 366 | | Short-term lease cost | 14,335 | | | 11,871 | | | 33,369 | | | 28,043 | | Financing lease cost: | | | | | | | | Amortization of right-of-use assets | 3,439 | | | 2,612 | | | 9,307 | | | 7,905 | | Interest on lease liabilities | 780 | | | 773 | | | 2,329 | | | 2,404 | | Total lease cost | $ | 21,122 | | | $ | 18,015 | | | $ | 52,834 | | | $ | 46,475 | | | | | | September 26, 2020 | | December 28, 2019 | Supplemental balance sheet information related to leases: | | | | Operating leases: | | | | Operating lease right-of-use assets | $ | 28,551 | | | $ | 32,777 | | | | | | Current operating lease liabilities | $ | 8,193 | | | $ | 8,427 | | Noncurrent operating lease liabilities | 21,327 | | | 25,381 | | Total operating lease liabilities | $ | 29,520 | | | $ | 33,808 | | Finance leases: | | | | Property and equipment, gross | $ | 92,873 | | | $ | 82,660 | | Less accumulated depreciation | (29,663) | | | (24,907) | | Property and equipment, net | $ | 63,210 | | | $ | 57,753 | | | | | | Current finance lease liabilities | $ | 24,868 | | | $ | 16,007 | | Long-term finance lease liabilities | 34,913 | | | 40,410 | | Total finance lease liabilities | $ | 59,781 | | | $ | 56,417 | | | | | | Weighted average remaining lease term (years): | | | | Operating leases | 9.0 | | 8.6 | Finance lease | 2.6 | | 2.6 | | | | | Weighted average discount rate (%): | | | | Operating leases | 5.4 | % | | 5.5 | % | Finance lease | 5.2 | % | | 5.5 | % | | | | | Maturities of lease liabilities were as follows: | | | | | Operating Leases | | Finance Leases | 2020 (three months) | $ | 2,444 | | | $ | 4,995 | | 2021 | 8,818 | | | 26,169 | | 2022 | 5,475 | | | 18,519 | | 2023 | 4,243 | | | 6,867 | | 2024 | 2,547 | | | 3,207 | | 2025 | 1,507 | | | 2,573 | | Thereafter | 12,808 | | | 2,831 | | Total lease payments | 37,842 | | | 65,161 | | Less imputed interest | (8,322) | | | (5,380) | | Present value of lease payments | $ | 29,520 | | | $ | 59,781 | |
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Schedule of Operating Lease Liability Maturities |
The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | September 26, 2020 | | September 28, 2019 | | September 26, 2020 | | September 28, 2019 | Operating lease cost | $ | 2,478 | | | $ | 2,608 | | | $ | 7,576 | | | $ | 7,757 | | Variable lease cost | 90 | | | 151 | | | 253 | | | 366 | | Short-term lease cost | 14,335 | | | 11,871 | | | 33,369 | | | 28,043 | | Financing lease cost: | | | | | | | | Amortization of right-of-use assets | 3,439 | | | 2,612 | | | 9,307 | | | 7,905 | | Interest on lease liabilities | 780 | | | 773 | | | 2,329 | | | 2,404 | | Total lease cost | $ | 21,122 | | | $ | 18,015 | | | $ | 52,834 | | | $ | 46,475 | | | | | | September 26, 2020 | | December 28, 2019 | Supplemental balance sheet information related to leases: | | | | Operating leases: | | | | Operating lease right-of-use assets | $ | 28,551 | | | $ | 32,777 | | | | | | Current operating lease liabilities | $ | 8,193 | | | $ | 8,427 | | Noncurrent operating lease liabilities | 21,327 | | | 25,381 | | Total operating lease liabilities | $ | 29,520 | | | $ | 33,808 | | Finance leases: | | | | Property and equipment, gross | $ | 92,873 | | | $ | 82,660 | | Less accumulated depreciation | (29,663) | | | (24,907) | | Property and equipment, net | $ | 63,210 | | | $ | 57,753 | | | | | | Current finance lease liabilities | $ | 24,868 | | | $ | 16,007 | | Long-term finance lease liabilities | 34,913 | | | 40,410 | | Total finance lease liabilities | $ | 59,781 | | | $ | 56,417 | | | | | | Weighted average remaining lease term (years): | | | | Operating leases | 9.0 | | 8.6 | Finance lease | 2.6 | | 2.6 | | | | | Weighted average discount rate (%): | | | | Operating leases | 5.4 | % | | 5.5 | % | Finance lease | 5.2 | % | | 5.5 | % | | | | | Maturities of lease liabilities were as follows: | | | | | Operating Leases | | Finance Leases | 2020 (three months) | $ | 2,444 | | | $ | 4,995 | | 2021 | 8,818 | | | 26,169 | | 2022 | 5,475 | | | 18,519 | | 2023 | 4,243 | | | 6,867 | | 2024 | 2,547 | | | 3,207 | | 2025 | 1,507 | | | 2,573 | | Thereafter | 12,808 | | | 2,831 | | Total lease payments | 37,842 | | | 65,161 | | Less imputed interest | (8,322) | | | (5,380) | | Present value of lease payments | $ | 29,520 | | | $ | 59,781 | |
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