Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | ||
Sep. 28, 2013 | Nov. 05, 2013 | Nov. 05, 2013 | |
Common Class A [Member] | Common Class B [Member] | ||
Document Information [Line Items] | ' | ' | ' |
Document Type | '10-Q | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 28-Sep-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'Q3 | ' | ' |
Entity Registrant Name | 'Continental Cement Company, L.L.C. | ' | ' |
Entity Central Index Key | '0001571274 | ' | ' |
Current Fiscal Year End Date | '--12-28 | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 100 | 100,000,000 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 28, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash | $9 | $599 |
Accounts receivable, net | 14,981 | 9,924 |
Due from Summit Materials | ' | 10,303 |
Inventories | 6,740 | 7,073 |
Other current assets | 592 | 815 |
Total current assets | 22,322 | 28,714 |
Property, plant and equipment, less accumulated depreciation, depletion and accretion (September 28, 2013 - $33,581 and December 31, 2012 - $25,056) | 304,694 | 291,666 |
Goodwill | 24,096 | 24,096 |
Other assets | 11,899 | 11,447 |
Total assets | 363,011 | 355,923 |
Current liabilities: | ' | ' |
Current portion of long-term debt due to Summit Materials | 1,018 | 965 |
Accounts payable | 8,021 | 7,248 |
Accrued expenses | 9,361 | 11,523 |
Due to Summit Materials | 7,077 | ' |
Total current liabilities | 25,477 | 19,736 |
Long-term debt due to Summit Materials | 154,845 | 155,394 |
Pension and postretirement benefit obligations | 24,435 | 25,568 |
Other noncurrent liabilities | 1,309 | 1,524 |
Total liabilities | 206,066 | 202,222 |
Commitments and contingencies (see note 5) | ' | ' |
Redeemable members' interest (100,000,000 Class B units issued and authorized) | 23,300 | 22,850 |
Member's interest: | ' | ' |
Member's equity (100 Class A units issued and authorized) | 135,165 | 135,118 |
Retained earnings | 10,511 | 7,764 |
Accumulated other comprehensive loss | -12,031 | -12,031 |
Total member's interest | 133,645 | 130,851 |
Total liabilities, redeemable members' interest and member's interest | $363,011 | $355,923 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 28, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Accumulated depreciation, depletion and accretion | $33,581 | $25,056 |
Class B Units [Member] | ' | ' |
Redeemable, Class B units issued | 100,000,000 | 100,000,000 |
Redeemable, Class B units authorized | 100,000,000 | 100,000,000 |
Class A Units [Member] | ' | ' |
Member's equity, Class A units issued | 100 | 100 |
Member's equity, Class A units authorized | 100 | 100 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 30, 2012 | Sep. 28, 2013 | Sep. 30, 2012 |
Revenue from third parties: | ' | ' | ' | ' |
Product | $23,370 | $22,159 | $49,190 | $48,320 |
Service | 4,266 | 3,447 | 11,052 | 9,593 |
Revenue from related parties: | ' | ' | ' | ' |
Product | 6,519 | 4,824 | 13,498 | 11,665 |
Total revenue | 34,155 | 30,430 | 73,740 | 69,578 |
Cost of revenue (excluding items shown separately below): | ' | ' | ' | ' |
Product | 15,970 | 16,689 | 39,359 | 38,524 |
Service | 2,253 | 2,194 | 6,696 | 6,649 |
Total cost of revenue | 18,223 | 18,883 | 46,055 | 45,173 |
General and administrative expenses | 1,939 | 1,775 | 7,339 | 4,825 |
Depreciation, depletion, amortization and accretion | 3,028 | 2,648 | 8,778 | 7,826 |
Operating income | 10,965 | 7,124 | 11,568 | 11,754 |
Other (income) expense, net | -7 | -20 | -79 | 225 |
Interest expense | 2,815 | 3,167 | 8,450 | 9,597 |
Net income | $8,157 | $3,977 | $3,197 | $1,932 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 30, 2012 |
Cash flows from operating activities: | ' | ' |
Net income | $3,197 | $1,932 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation, depletion, amortization and accretion | 8,778 | 7,826 |
Other | 575 | 271 |
(Increase) decrease in operating assets: | ' | ' |
Accounts receivable | -5,174 | -6,620 |
Inventories | 333 | 3,439 |
Other current assets | 224 | 288 |
Other assets | -584 | 1,229 |
(Decrease) increase in operating liabilities: | ' | ' |
Accounts payable | -141 | -699 |
Accrued expenses | -2,278 | 3,641 |
Other liabilities | -1,408 | 72 |
Net cash provided by operating activities | 3,522 | 11,379 |
Cash flows from investing activities: | ' | ' |
Purchase of property, plant and equipment | -20,944 | -9,851 |
Other | ' | -1,713 |
Net cash used in investing activities | -20,944 | -11,564 |
Cash flows from financing activities: | ' | ' |
Proceeds from borrowing | ' | 6,983 |
Principal payments on long-term debt | -496 | -5,783 |
Book overdraft | 114 | ' |
Net loans from affiliates | 17,214 | 1,500 |
Net cash provided by financing activities | 16,832 | 2,700 |
Net (decrease) increase in cash | -590 | 2,515 |
Cash - beginning of period | 599 | 55 |
Cash - end of period | $9 | $2,570 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Redeemable Members' Interest and Member's Interest (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 30, 2012 | Sep. 28, 2013 | Sep. 30, 2012 |
Beginning balance | ' | ' | $130,851 | $128,412 |
Accretion of redeemable members' interest | ' | ' | -450 | -450 |
Net income | 8,157 | 3,977 | 3,197 | 1,932 |
Share-based compensation | ' | ' | 47 | 47 |
Ending balance | 133,645 | 129,941 | 133,645 | 129,941 |
Beginning balance, Redeemable members' interest | ' | ' | 22,850 | 22,250 |
Accretion of redeemable members' interest, Redeemable members' interest | ' | ' | 450 | 450 |
Net income, Redeemable members' interest | ' | ' | ' | ' |
Share-based compensation, Redeemable members' interest | ' | ' | ' | ' |
Ending balance, Redeemable members' interest | 23,300 | 22,700 | 23,300 | 22,700 |
Member's Equity [Member] | ' | ' | ' | ' |
Beginning balance | ' | ' | 135,118 | 135,056 |
Share-based compensation | ' | ' | 47 | 47 |
Ending balance | 135,165 | 135,103 | 135,165 | 135,103 |
Retained Earnings [Member] | ' | ' | ' | ' |
Beginning balance | ' | ' | 7,764 | 1,739 |
Accretion of redeemable members' interest | ' | ' | -450 | -450 |
Net income | ' | ' | 3,197 | 1,932 |
Ending balance | 10,511 | 3,221 | 10,511 | 3,221 |
Accumulated Other Comprehensive Loss [Member] | ' | ' | ' | ' |
Beginning balance | ' | ' | -12,031 | -8,383 |
Accretion of redeemable members' interest | ' | ' | ' | ' |
Net income | ' | ' | ' | ' |
Share-based compensation | ' | ' | ' | ' |
Ending balance | ($12,031) | ($8,383) | ($12,031) | ($8,383) |
Summary_of_Organization_and_Si
Summary of Organization and Significant Accounting Policies | 9 Months Ended | |
Sep. 28, 2013 | ||
Accounting Policies [Abstract] | ' | |
Summary of Organization and Significant Accounting Policies | ' | |
-1 | Summary of Organization and Significant Accounting Policies | |
Continental Cement Company, L.L.C. (the “Company” or “Continental Cement”) produces portland cement at its plant located in Hannibal, Missouri. Cement distribution terminals are maintained in Hannibal and St. Louis, Missouri and Bettendorf, Iowa. The Company’s primary cement customers are ready-mix operators and contractors located in the Midwestern United States. | ||
Green America Recycling, L.L.C. (“GAR”), a wholly-owned subsidiary of the Company, is engaged in the business of securing, processing and blending hazardous and nonhazardous waste materials primarily for use as supplemental fuels in the cement manufacturing process. GAR’s primary customers are commercial transportation disposal facilities and petroleum and chemical manufacturers located in the continental United States. | ||
The Company is a Delaware limited liability company and is governed by an Amended and Restated Continental Cement Limited Liability Company Agreement, as amended (the “LLC Agreement”). As such, liability of its members is generally limited to the amount of their net investment in the Company. Summit Materials Holdings II, LLC, a wholly-owned subsidiary of Summit Materials, LLC (“Summit Materials”) purchased a controlling interest in the Company effective May 27, 2010. | ||
Basis of Presentation – Management prepared these unaudited consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. The consolidated financial statements of the Company included herein have been prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto as of and for the year ended December 31, 2012. The Company continues to follow the accounting policies set forth in those consolidated financial statements. | ||
Management believes that these consolidated interim financial statements include all adjustments, normal and recurring in nature, that are necessary to present fairly the financial position of the Company as of September 28, 2013, results of operations for the three and nine month periods ended September 28, 2013 and September 30, 2012 and cash flows for the nine month periods ended September 28, 2013 and September 30, 2012. | ||
In 2013, the Company changed its fiscal year from a calendar year to a 52 week year with each quarter composed of 13 weeks ending on a Saturday. Under this new fiscal year, the Company’s third quarter in 2013 ended on September 28 compared to the calendar quarter ended September 30, 2012. The impact of this change to the Company’s financial position, results of operations and liquidity is immaterial. | ||
Substantially all of the Company’s products are consumed outdoors, primarily in the spring, summer and fall. Seasonal changes and other weather-related conditions can affect the sales volumes of its products. Therefore, the financial results for any interim period do not necessarily indicate the results expected for the full year. Furthermore, the Company’s sales and earnings are sensitive to national, regional and local economic conditions and to cyclical changes in construction spending. | ||
Principles of Consolidation – The consolidated financial statements of the Company include the accounts of Continental Cement and its wholly-owned subsidiary, GAR. All significant intercompany balances and transactions have been eliminated. | ||
Use of Estimates – The consolidated financial statements have been prepared in conformity with GAAP, which require management to make estimates and assumptions that affect the reported amounts and disclosures in the consolidated financial statements. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported and disclosures about contingent assets and liabilities. Such estimates include the valuation of accounts receivable, inventories, goodwill, intangible and other long-lived assets, pension and other postretirement obligations, asset retirement obligations and the redeemable members’ interest. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Management adjusts such estimates and assumptions when circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from estimates made. Changes in estimates, including those resulting from continuing changes in the economic environment, will be reflected in the Company’s consolidated financial statements for the period in which the change in estimate occurs. | ||
Business and Credit Concentrations – The majority of the Company’s customers are located in Missouri, Iowa and Illinois. The Company’s accounts receivable consist primarily of accounts of ready-mix operators and contractors within these states. Collection of these accounts is, therefore, dependent on the economic conditions of the area. However, credit granted within the Company’s trade area has been granted to a wide variety of customers and management does not believe that any significant concentrations of credit exist with respect to individual customers or groups of customers who are engaged in similar activities that would be similarly affected by changes in economic or other conditions. | ||
Approximately 16% of cement sales were with companies owned by a noncontrolling member of the Company during the three and nine month periods ended September 28, 2013, respectively, and 13% and 15% during the three and nine month periods ended September 30, 2012, respectively. The Company has historically had no collection issues with the noncontrolling member and management expects full collection on all outstanding accounts receivable due from the noncontrolling member. | ||
Accounts_Receivable_Net
Accounts Receivable, Net | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Accounts Receivable, Net | ' | ||||||||
-2 | Accounts Receivable, net | ||||||||
Accounts receivable, net consists of the following: | |||||||||
September 28, 2013 | December 31, 2012 | ||||||||
Trade accounts receivable from unaffiliated entities | $ | 13,342 | $ | 8,859 | |||||
Trade accounts receivable from related parties | 1,910 | 1,193 | |||||||
Accounts receivable | 15,252 | 10,052 | |||||||
Less: allowance for doubtful accounts | (271 | ) | (128 | ) | |||||
Accounts receivable, net | $ | 14,981 | $ | 9,924 | |||||
Inventories
Inventories | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventories | ' | ||||||||
-3 | Inventories | ||||||||
Inventories consist of the following: | |||||||||
September 28, 2013 | December 31, 2012 | ||||||||
Raw materials | $ | 896 | $ | 475 | |||||
Work-in-process | 2,798 | 2,248 | |||||||
Finished goods | 3,046 | 4,350 | |||||||
Total inventories | $ | 6,740 | $ | 7,073 | |||||
Accrued_Expenses
Accrued Expenses | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Payables And Accruals [Abstract] | ' | ||||||||
Accrued Expenses | ' | ||||||||
-4 | Accrued Expenses | ||||||||
Accrued expenses consist of the following: | |||||||||
September 28, 2013 | December 31, 2012 | ||||||||
Accrued interest due to Summit Materials | $ | 2,290 | $ | 4,283 | |||||
Accrued interest due to non-controlling interest | 796 | 2,149 | |||||||
Accrued postretirement benefits other than pensions, current portion | 1,055 | 1,055 | |||||||
Accrued professional fees | 378 | 400 | |||||||
Accrued payroll, insurance, and benefits | 514 | 897 | |||||||
Accrued bonus liability | 860 | 1,153 | |||||||
Accrued costs to remove barge from waterway | 1,806 | 850 | |||||||
Other | 1,662 | 736 | |||||||
Total | $ | 9,361 | $ | 11,523 | |||||
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | |
Sep. 28, 2013 | ||
Commitments And Contingencies Disclosure [Abstract] | ' | |
Commitments and Contingencies | ' | |
-5 | Commitments and Contingencies | |
The Company is a party to various legal proceedings, including those noted in this section. Management presently believes the ultimate outcome of these proceedings, individually and in the aggregate, will not materially harm the Company’s consolidated financial position, results of operations or liquidity. However, legal proceedings and related government investigations are subject to inherent uncertainties, and unfavorable rulings or other events could occur, which could materially adversely affect the Company’s consolidated financial position, results of operations or liquidity. The Company records legal fees as incurred. | ||
Litigation and Claims – In February 2011, Continental Cement incurred a property loss related to a sunken barge with cement product aboard. Through September 28, 2013, the Company has recognized $3.3 million of charges for lost product aboard the barge and eventual costs to remove the barge from the waterway, of which $1.8 million is included in accrued expenses as management’s best estimate of the remaining costs to remove the barge as of September 28, 2013. | ||
Environmental Remediation – Continental Cement’s mining operations are subject to and affected by federal, state and local laws and regulations relating to the environment, health and safety and other regulatory matters. These operations require environmental operating permits, which are subject to modification, renewal and revocation. Continental Cement regularly monitors and reviews its operations, procedures and policies for compliance with these laws and regulations. Despite these compliance efforts, risk of environmental liability is inherent in the operation of Continental Cement’s business, as it is with other companies engaged in similar businesses and there can be no assurance that environmental liabilities will not have a material adverse effect on Continental Cement in the future. | ||
On October 14, 1999, the Missouri Department of Natural Resources (“MDNR”) and the Environmental Protection Agency granted the Company a Final Hazardous Waste Management Facility Permit that authorizes Continental Cement to handle, treat, store, recover energy from and dispose of hazardous waste as a supplemental fuel source (RCRA Part B Permit). This permit also incorporated certain Boiler and Industrial Furnace regulation emission limits and operating parameters that the Company was subject to prior to the Maximum Achievable Control Technology Standards (“MACTS”). On October 13, 2009, a permit renewal application was submitted to MDNR. MDNR has authorized the Company to operate under interim status pending approval of the permit. A continuation of the interim status was issued in September 2013 by MDNR. Once approved, the renewal is expected to cover another ten-year period. | ||
On July 11, 2006, Continental Cement received a Construction Permit for a new kiln system to replace the system in operation at that time. The new kiln began shakedown operations in 2008 and is operating under the new Hazardous Waste Combustor MACTS. Continental Cement has performed the required confirmatory permit tests and submitted a Notification of Compliance to the regulatory agencies. The amended Part 70 Operating Permit was approved by MDNR in July 2013 with an expiration date of September 2016. | ||
Other – Continental Cement is obligated under various firm purchase commitments for certain raw materials and services that are in the ordinary course of business. The terms of the purchase commitments are generally less than one year. Management does not expect any significant changes in the market value of these goods and services during the commitment period that would have a material adverse effect on the financial position, results of operations and liquidity of Continental Cement. | ||
As of September 28, 2013, approximately 62% of the Company’s employees were represented by labor organizations under collective bargaining agreements. The collective bargaining agreements expire between 2013 and 2015 subject to mutually-agreed extensions. Historically, the Company has been successful at negotiating successor agreements without any material disruptions to operating activities. The Company does not expect the 2013 negotiations to have a material impact on its results of operations, financial position or liquidity. | ||
RelatedParty_Transactions
Related-Party Transactions | 9 Months Ended | |
Sep. 28, 2013 | ||
Related Party Transactions [Abstract] | ' | |
Related-Party Transactions | ' | |
-6 | Related-Party Transactions | |
The Company owes $0.8 million to a non-controlling member of Continental Cement for accrued interest on a related party note. The principal balance on the note was repaid as part of Summit Materials’ January 2012 refinancing transaction. | ||
Cement sales to companies owned by certain non-controlling members of Continental Cement were approximately $4.9 million and $10.0 million for the three and nine month periods ended September 28, 2013, respectively, and $3.6 million and $8.9 million for the three and nine month periods ended September 30, 2012, respectively, and accounts receivables due from these parties were approximately $1.3 million and $1.0 million as of September 28, 2013 and December 31, 2012, respectively. | ||
Cement sales to other companies owned by Summit Materials were approximately $1.6 million and $3.5 million for the three and nine month periods ended September 28, 2013, respectively, and $1.2 million and $2.8 million for the three and nine month periods ended September 30, 2012, respectively. Accounts receivables due from these parties were approximately $0.6 million and $0.2 million as of September 28, 2013 and December 31, 2012, respectively. | ||
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||
Supplemental Cash Flow Information | ' | ||||||||
-7 | Supplemental Cash Flow Information | ||||||||
Supplemental cash flow information is as follows: | |||||||||
Nine Months Ended | |||||||||
September 28, 2013 | September 30, 2012 | ||||||||
Cash paid for interest | $ | 10,230 | $ | 7,251 | |||||
Non cash financing activities: | |||||||||
Borrowings of long-term debt due to Summit Materials | $ | — | $ | 156,600 | |||||
Repayment of long-term debt and accrued interest by Summit Materials | — | (156,600 | ) |
Summary_of_Organization_and_Si1
Summary of Organization and Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 28, 2013 | |
Accounting Policies [Abstract] | ' |
Company's Activities | ' |
Continental Cement Company, L.L.C. (the “Company” or “Continental Cement”) produces portland cement at its plant located in Hannibal, Missouri. Cement distribution terminals are maintained in Hannibal and St. Louis, Missouri and Bettendorf, Iowa. The Company’s primary cement customers are ready-mix operators and contractors located in the Midwestern United States. | |
Green America Recycling, L.L.C. (“GAR”), a wholly-owned subsidiary of the Company, is engaged in the business of securing, processing and blending hazardous and nonhazardous waste materials primarily for use as supplemental fuels in the cement manufacturing process. GAR’s primary customers are commercial transportation disposal facilities and petroleum and chemical manufacturers located in the continental United States. | |
The Company is a Delaware limited liability company and is governed by an Amended and Restated Continental Cement Limited Liability Company Agreement, as amended (the “LLC Agreement”). As such, liability of its members is generally limited to the amount of their net investment in the Company. Summit Materials Holdings II, LLC, a wholly-owned subsidiary of Summit Materials, LLC (“Summit Materials”) purchased a controlling interest in the Company effective May 27, 2010. | |
Basis of Presentation | ' |
Basis of Presentation – Management prepared these unaudited consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. The consolidated financial statements of the Company included herein have been prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto as of and for the year ended December 31, 2012. The Company continues to follow the accounting policies set forth in those consolidated financial statements. | |
Management believes that these consolidated interim financial statements include all adjustments, normal and recurring in nature, that are necessary to present fairly the financial position of the Company as of September 28, 2013, results of operations for the three and nine month periods ended September 28, 2013 and September 30, 2012 and cash flows for the nine month periods ended September 28, 2013 and September 30, 2012. | |
In 2013, the Company changed its fiscal year from a calendar year to a 52 week year with each quarter composed of 13 weeks ending on a Saturday. Under this new fiscal year, the Company’s third quarter in 2013 ended on September 28 compared to the calendar quarter ended September 30, 2012. The impact of this change to the Company’s financial position, results of operations and liquidity is immaterial. | |
Substantially all of the Company’s products are consumed outdoors, primarily in the spring, summer and fall. Seasonal changes and other weather-related conditions can affect the sales volumes of its products. Therefore, the financial results for any interim period do not necessarily indicate the results expected for the full year. Furthermore, the Company’s sales and earnings are sensitive to national, regional and local economic conditions and to cyclical changes in construction spending. | |
Principles of Consolidation | ' |
Principles of Consolidation – The consolidated financial statements of the Company include the accounts of Continental Cement and its wholly-owned subsidiary, GAR. All significant intercompany balances and transactions have been eliminated. | |
Use of Estimates | ' |
Use of Estimates – The consolidated financial statements have been prepared in conformity with GAAP, which require management to make estimates and assumptions that affect the reported amounts and disclosures in the consolidated financial statements. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported and disclosures about contingent assets and liabilities. Such estimates include the valuation of accounts receivable, inventories, goodwill, intangible and other long-lived assets, pension and other postretirement obligations, asset retirement obligations and the redeemable members’ interest. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Management adjusts such estimates and assumptions when circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from estimates made. Changes in estimates, including those resulting from continuing changes in the economic environment, will be reflected in the Company’s consolidated financial statements for the period in which the change in estimate occurs. | |
Business and Credit Concentrations | ' |
Business and Credit Concentrations – The majority of the Company’s customers are located in Missouri, Iowa and Illinois. The Company’s accounts receivable consist primarily of accounts of ready-mix operators and contractors within these states. Collection of these accounts is, therefore, dependent on the economic conditions of the area. However, credit granted within the Company’s trade area has been granted to a wide variety of customers and management does not believe that any significant concentrations of credit exist with respect to individual customers or groups of customers who are engaged in similar activities that would be similarly affected by changes in economic or other conditions. | |
Approximately 16% of cement sales were with companies owned by a noncontrolling member of the Company during the three and nine month periods ended September 28, 2013, respectively, and 13% and 15% during the three and nine month periods ended September 30, 2012, respectively. The Company has historically had no collection issues with the noncontrolling member and management expects full collection on all outstanding accounts receivable due from the noncontrolling member. | |
Accounts_Receivable_Net_Tables
Accounts Receivable, Net (Tables) | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Summary of Accounts Receivable, Net | ' | ||||||||
Accounts receivable, net consists of the following: | |||||||||
September 28, 2013 | December 31, 2012 | ||||||||
Trade accounts receivable from unaffiliated entities | $ | 13,342 | $ | 8,859 | |||||
Trade accounts receivable from related parties | 1,910 | 1,193 | |||||||
Accounts receivable | 15,252 | 10,052 | |||||||
Less: allowance for doubtful accounts | (271 | ) | (128 | ) | |||||
Accounts receivable, net | $ | 14,981 | $ | 9,924 | |||||
Inventories_Tables
Inventories (Tables) | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Components of Inventories | ' | ||||||||
Inventories consist of the following: | |||||||||
September 28, 2013 | December 31, 2012 | ||||||||
Raw materials | $ | 896 | $ | 475 | |||||
Work-in-process | 2,798 | 2,248 | |||||||
Finished goods | 3,046 | 4,350 | |||||||
Total inventories | $ | 6,740 | $ | 7,073 | |||||
Accrued_Expenses_Tables
Accrued Expenses (Tables) | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Payables And Accruals [Abstract] | ' | ||||||||
Components of Accrued Expenses | ' | ||||||||
Accrued expenses consist of the following: | |||||||||
September 28, 2013 | December 31, 2012 | ||||||||
Accrued interest due to Summit Materials | $ | 2,290 | $ | 4,283 | |||||
Accrued interest due to non-controlling interest | 796 | 2,149 | |||||||
Accrued postretirement benefits other than pensions, current portion | 1,055 | 1,055 | |||||||
Accrued professional fees | 378 | 400 | |||||||
Accrued payroll, insurance, and benefits | 514 | 897 | |||||||
Accrued bonus liability | 860 | 1,153 | |||||||
Accrued costs to remove barge from waterway | 1,806 | 850 | |||||||
Other | 1,662 | 736 | |||||||
Total | $ | 9,361 | $ | 11,523 | |||||
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information (Tables) | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||
Schedule of Supplemental Cash Flow Information | ' | ||||||||
Supplemental cash flow information is as follows: | |||||||||
Nine Months Ended | |||||||||
September 28, 2013 | September 30, 2012 | ||||||||
Cash paid for interest | $ | 10,230 | $ | 7,251 | |||||
Non cash financing activities: | |||||||||
Borrowings of long-term debt due to Summit Materials | $ | — | $ | 156,600 | |||||
Repayment of long-term debt and accrued interest by Summit Materials | — | (156,600 | ) |
Summary_of_Organization_and_Si2
Summary of Organization and Significant Accounting Policies - Additional Information (Detail) (Cement [Member], Sale [Member]) | 3 Months Ended | 9 Months Ended | ||
Sep. 28, 2013 | Sep. 30, 2012 | Sep. 28, 2013 | Sep. 30, 2012 | |
Cement [Member] | Sale [Member] | ' | ' | ' | ' |
Organization And Significant Accounting Policies [Line Items] | ' | ' | ' | ' |
Percentage of sale of cement | 16.00% | 13.00% | 16.00% | 15.00% |
Accounts_Receivable_Net_Summar
Accounts Receivable, Net - Summary of Accounts Receivable, Net (Detail) (USD $) | Sep. 28, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Receivables [Abstract] | ' | ' |
Trade accounts receivable from unaffiliated entities | $13,342 | $8,859 |
Trade accounts receivable from related parties | 1,910 | 1,193 |
Accounts receivable | 15,252 | 10,052 |
Less: allowance for doubtful accounts | -271 | -128 |
Accounts receivable, net | $14,981 | $9,924 |
Inventories_Components_of_Inve
Inventories - Components of Inventories (Detail) (USD $) | Sep. 28, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Inventory Disclosure [Abstract] | ' | ' |
Raw materials | $896 | $475 |
Work-in-process | 2,798 | 2,248 |
Finished goods | 3,046 | 4,350 |
Total inventories | $6,740 | $7,073 |
Accrued_Expenses_Components_of
Accrued Expenses - Components of Accrued Expenses (Detail) (USD $) | Sep. 28, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Payables And Accruals [Abstract] | ' | ' |
Accrued interest due to Summit Materials | $2,290 | $4,283 |
Accrued interest due to non-controlling interest | 796 | 2,149 |
Accrued postretirement benefits other than pensions, current portion | 1,055 | 1,055 |
Accrued professional fees | 378 | 400 |
Accrued payroll, insurance, and benefits | 514 | 897 |
Accrued bonus liability | 860 | 1,153 |
Accrued costs to remove barge from waterway | 1,806 | 850 |
Other | 1,662 | 736 |
Total | $9,361 | $11,523 |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 28, 2013 |
Commitment And Contingencies [Line Items] | ' |
Construction permit expiration date | 30-Sep-16 |
Terms of purchase commitments | 'Less than one year |
Collective bargaining agreements expire period | 'Between 2013 and 2015 |
Percentage of company's employees under collective bargaining arrangements | 62.00% |
Final Hazardous Waste Management Facility Permit [Member] | ' |
Commitment And Contingencies [Line Items] | ' |
Approved period of renewal | '10 years |
Sunken Barge [Member] | ' |
Commitment And Contingencies [Line Items] | ' |
Charges for lost product | 3.3 |
Accrued costs to remove barge | 1.8 |
RelatedParty_Transactions_Addi
Related-Party Transactions - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 30, 2012 | Sep. 28, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' |
Accrued interest due to non-controlling interest | $796 | ' | $796 | ' | $2,149 |
Sales to related parties | 6,519 | 4,824 | 13,498 | 11,665 | ' |
Accounts receivables due from related parties | 1,910 | ' | 1,910 | ' | 1,193 |
Non-controlling [Member] | ' | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' |
Sales to related parties | 4,900 | 3,600 | 10,000 | 8,900 | ' |
Accounts receivables due from related parties | 1,300 | ' | 1,300 | ' | 1,000 |
Summit Materials [Member] | ' | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' |
Sales to related parties | 1,600 | 1,200 | 3,500 | 2,800 | ' |
Accounts receivables due from related parties | $600 | ' | $600 | ' | $200 |
Supplemental_Cash_Flow_Informa2
Supplemental Cash Flow Information - Schedule of Supplemental Cash Flow Information (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 30, 2012 |
Supplemental Cash Flow Elements [Abstract] | ' | ' |
Cash paid for interest | $10,230 | $7,251 |
Non cash financing activities: | ' | ' |
Borrowings of long-term debt due to Summit Materials | ' | 156,600 |
Repayment of long-term debt and accrued interest by Summit Materials | ' | ($156,600) |