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STOCKHOLDERS' EQUITY/MEMBERS' INTEREST
6 Months Ended
Jul. 02, 2022
Schedule of Capitalization, Equity [Line Items]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
During 2021, certain limited partners of Summit Holdings exchanged their LP Units for shares of Class A common stock of Summit Inc.

In March 2022, our Board of Directors authorized a share repurchase program, whereby we can repurchase up to $250 million of our Class A common stock. During the six months ended July 2, 2022, we repurchased 1.5 million shares of Class A common stock for $47.5 million. These shares were retired upon purchase.

The following table summarizes the changes in our ownership of Summit Holdings:
 Summit Inc.
Shares (Class A)
LP UnitsTotalSummit Inc.
Ownership
Percentage
Balance — January 1, 2022118,705,108 1,314,006 120,019,114 98.9 %
Stock option exercises6,518 — 6,518 
Repurchases of common stock(1,506,878)— (1,506,878)
Other equity transactions909,864 — 909,864 
Balance — July 2, 2022118,114,612 1,314,006 119,428,618 98.9 %
Balance — January 2, 2021114,390,595 2,873,170 117,263,765 97.5 %
Exchanges during period1,157,334 (1,157,334)— 
Stock option exercises1,710,818 — 1,710,818 
Other equity transactions697,141 — 697,141 
Balance — July 3, 2021117,955,888 1,715,836 119,671,724 98.6 %

Summit Inc. is Summit Holdings’ primary beneficiary and thus consolidates Summit Holdings in its consolidated financial statements with a corresponding noncontrolling interest reclassification, which was 1.1% and 1.1% as of July 2, 2022 and January 1, 2022, respectively.
 
Accumulated other comprehensive income (loss) —The changes in each component of accumulated other comprehensive income (loss) consisted of the following:
 Change in
 retirement plans
Foreign currency
 translation
 adjustments
Accumulated
 other
 comprehensive
 income (loss)
Balance — January 1, 2022$1,508 $5,575 $7,083 
Foreign currency translation adjustment, net of tax— (2,890)(2,890)
Balance — July 2, 2022$1,508 $2,685 $4,193 
Balance — January 2, 2021$533 $4,670 $5,203 
Foreign currency translation adjustment, net of tax— 3,663 3,663 
Balance — July 3, 2021$533 $8,333 $8,866 
Summit Materials, LLC  
Schedule of Capitalization, Equity [Line Items]  
MEMBERS' INTEREST MEMBERS’ INTEREST
 
Accumulated other comprehensive income (loss) —The changes in each component of accumulated other comprehensive income (loss) consisted of the following:
 
   Accumulated
  Foreign currencyother
 Change intranslationcomprehensive
 retirement plansadjustments(loss) income
Balance — January 1, 2022$(7,243)$(8,783)$(16,026)
Foreign currency translation adjustment— (3,866)(3,866)
Balance — July 2, 2022$(7,243)$(12,649)$(19,892)
Balance — January 2, 2021$(8,546)$(10,037)$(18,583)
Foreign currency translation adjustment— 4,758 4,758 
Balance — July 3, 2021$(8,546)$(5,279)$(13,825)