v3.22.4
Fair Value (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of Contingent Consideration and Derivatives Measured at Fair Value
The fair value of contingent consideration as of December 31, 2022 and January 1, 2022 was: 
 20222021
Current portion of acquisition-related liabilities and Accrued expenses:  
Contingent consideration$336 $129 
Acquisition-related liabilities and Other noncurrent liabilities:
Contingent consideration$4,981 $1,239 
Schedule of Carrying Value and Fair Value of Financial Instruments The carrying value and fair value of these financial instruments as of December 31, 2022 and January 1, 2022 were: 
 December 31, 2022January 1, 2022
 Fair ValueCarrying ValueFair ValueCarrying Value
Level 1
Long-term debt(1)$1,447,673 $1,504,549 $1,653,085 $1,609,298 
Level 3
Current portion of deferred consideration and noncompete obligations(2)13,382 13,382 12,981 12,981 
Long term portion of deferred consideration and noncompete obligations(3)24,070 24,070 32,130 32,130 
_____________________
(1)$5.1 million and $6.4 million was included in current portion of debt as of December 31, 2022 and January 1, 2022, respectively.
(2)Included in current portion of acquisition-related liabilities on the consolidated balance sheets.
(3)Included in acquisition-related liabilities on the consolidated balance sheets.
Summit Materials, LLC  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of Contingent Consideration and Derivatives Measured at Fair Value
The fair value of contingent consideration as of December 31, 2022 and January 1, 2022 was:
 
 20222021
Current portion of acquisition-related liabilities and Accrued expenses:
Contingent consideration$336 $129 
Acquisition-related liabilities and Other noncurrent liabilities:
Contingent consideration$4,981 $1,239 
Schedule of Carrying Value and Fair Value of Financial Instruments The carrying value and fair value of these financial instruments as of December 31, 2022 and January 1, 2022 were:
 
 December 31, 2022January 1, 2022
Fair ValueCarrying ValueFair ValueCarrying Value
Level 1
Long-term debt(1)$1,447,673 $1,504,549 $1,653,085 $1,609,298 
Level 3
Current portion of deferred consideration and noncompete obligations(2)13,382 13,382 12,981 12,981 
Long term portion of deferred consideration and noncompete obligations(3)24,070 24,070 32,130 32,130 
______________________
(1)    $5.1 million and $6.4 million was included in current portion of debt as of December 31, 2022 and January 1, 2022, respectively.
(2)    Included in current portion of acquisition-related liabilities on the consolidated balance sheets.
(3)    Included in acquisition-related liabilities on the consolidated balance sheets.