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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jul. 03, 2021
Jun. 27, 2020
Revenue:        
Revenue $ 667,917 $ 631,009 $ 1,095,761 $ 998,199
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 467,716 439,508 814,410 756,871
General and administrative expenses 47,448 39,727 99,090 81,413
Depreciation, depletion, amortization and accretion 58,233 53,928 114,569 105,706
Gain on sale of property, plant and equipment (1,403) (2,214) (3,172) (4,131)
Operating (loss) income 95,923 100,060 70,864 58,340
Interest expense 24,216 25,608 48,402 53,426
Loss (gain) on sale of businesses 236 0 (15,432) 0
Other income, net (4,695) (1,616) (9,584) (1,527)
Income from operations before taxes 76,166 76,068 47,478 6,441
Income tax expense (benefit) 18,408 17,181 12,965 (5,720)
Net income 57,758 58,887 34,513 12,161
Net income attributable to Summit Holdings 1,099 1,823 371 76
Net income (loss) attributable to Summit Inc/LLC 56,659 57,064 34,142 12,085
Summit Materials, LLC        
Revenue:        
Revenue 667,917 631,009 1,095,761 998,199
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 467,716 439,508 814,410 756,871
General and administrative expenses 47,448 39,727 99,090 81,413
Depreciation, depletion, amortization and accretion 58,233 53,928 114,569 105,706
Gain on sale of property, plant and equipment (1,403) (2,214) (3,172) (4,131)
Operating (loss) income 95,923 100,060 70,864 58,340
Interest expense 24,216 25,546 48,340 53,246
Loss (gain) on sale of businesses 236 0 (15,432) 0
Other income, net (4,695) (1,616) (9,584) (1,527)
Income from operations before taxes 76,166 76,130 47,540 6,621
Income tax expense (benefit) 6,351 6,113 5,515 229
Net income 69,815 70,017 42,025 6,392
Net income (loss) attributable to Summit Inc/LLC $ 69,815 $ 70,017 $ 42,025 $ 6,392
Common Class A        
Earnings per share of Class A common stock:        
Basic (usd per share) $ 0.48 $ 0.50 $ 0.29 $ 0.11
Diluted (usd per share) $ 0.48 $ 0.50 $ 0.29 $ 0.11
Weighted average shares of Class A common stock:        
Basic (in shares) 117,436,461 114,111,204 116,423,833 113,856,657
Diluted (in shares) 118,585,398 114,137,857 117,832,026 114,252,268
Common Class A And Restricted Stock        
Earnings per share of Class A common stock:        
Basic (usd per share) $ 0.48 $ 0.50 $ 0.29 $ 0.11
Weighted average shares of Class A common stock:        
Basic (in shares) 117,637,036 114,111,204 116,650,881 113,856,657
Excluding delivery and subcontract revenue        
Revenue:        
Revenue $ 618,530 $ 575,240 $ 1,017,011 $ 917,646
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 418,329 383,739 735,660 676,318
Excluding delivery and subcontract revenue | Summit Materials, LLC        
Revenue:        
Revenue 618,530 575,240 1,017,011 917,646
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 418,329 383,739 735,660 676,318
Product        
Revenue:        
Revenue 527,800 488,260 882,034 793,567
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 346,697 315,079 623,831 569,134
Product | Summit Materials, LLC        
Revenue:        
Revenue 527,800 488,260 882,034 793,567
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 346,697 315,079 623,831 569,134
Service        
Revenue:        
Revenue 90,730 86,980 134,977 124,079
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 71,632 68,660 111,829 107,184
Service | Summit Materials, LLC        
Revenue:        
Revenue 90,730 86,980 134,977 124,079
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 71,632 68,660 111,829 107,184
Delivery and subcontract revenue        
Revenue:        
Revenue 49,387 55,769 78,750 80,553
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 49,387 55,769 78,750 80,553
Delivery and subcontract revenue | Summit Materials, LLC        
Revenue:        
Revenue 49,387 55,769 78,750 80,553
Cost of revenue (excluding items shown separately below):        
Net cost of revenue $ 49,387 $ 55,769 $ 78,750 $ 80,553