Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |||
Dec. 28, 2013 | Jun. 29, 2013 | Mar. 07, 2014 | Mar. 07, 2014 | |
Common Class A [Member] | Common Class B [Member] | |||
Document Information [Line Items] | ' | ' | ' | ' |
Document Type | '10-K | ' | ' | ' |
Amendment Flag | 'false | ' | ' | ' |
Document Period End Date | 28-Dec-13 | ' | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' | ' |
Entity Registrant Name | 'Continental Cement Company, L.L.C. | ' | ' | ' |
Entity Central Index Key | '0001571274 | ' | ' | ' |
Current Fiscal Year End Date | '--12-28 | ' | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' | ' |
Entity Current Reporting Status | 'No | ' | ' | ' |
Entity Voluntary Filers | 'Yes | ' | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' | ' |
Entity Common Stock, Shares Outstanding | ' | ' | 100 | 100,000,000 |
Entity Public Float | ' | $0 | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 28, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash | $9 | $599 |
Accounts receivable, net | 7,353 | 9,924 |
Due from Affiliates | 2,990 | 10,303 |
Inventories | 10,402 | 7,073 |
Other current assets | 482 | 815 |
Total current assets | 21,236 | 28,714 |
Property, plant and equipment, net | 306,204 | 291,666 |
Goodwill | 24,096 | 24,096 |
Other assets | 12,576 | 11,447 |
Total assets | 364,112 | 355,923 |
Current liabilities: | ' | ' |
Current portion of long-term debt due to Summit Materials | 1,018 | 965 |
Accounts payable | 10,165 | 7,248 |
Accrued expenses | 9,997 | 11,523 |
Total current liabilities | 21,180 | 19,736 |
Long-term debt due to Summit Materials | 154,590 | 155,394 |
Pension and post-retirement benefit obligations | 19,457 | 25,568 |
Other noncurrent liabilities | 850 | 1,524 |
Total liabilities | 196,077 | 202,222 |
Commitments and contingencies (see note 9) | ' | ' |
Redeemable members' interest (100,000,000 Class B units issued and authorized) | 23,450 | 22,850 |
Member's interest: | ' | ' |
Member's equity (100 Class A units issued and authorized) | 135,180 | 135,118 |
Retained earnings | 17,029 | 7,764 |
Accumulated other comprehensive loss | -7,624 | -12,031 |
Total member's interest | 144,585 | 130,851 |
Total liabilities, redeemable members' interest and member's interest | $364,112 | $355,923 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) | Dec. 28, 2013 | Dec. 31, 2012 |
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 $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenue from third parties: | ' | ' | ' |
Product | $64,181 | $65,213 | $57,804 |
Service | 15,490 | 13,366 | 8,708 |
Revenue from related parties: | ' | ' | ' |
Product | 16,578 | 16,303 | 12,269 |
Service | ' | ' | 707 |
Total revenue | 96,249 | 94,882 | 79,488 |
Cost of revenue (exclusive of items shown separately below): | ' | ' | ' |
Product | 46,137 | 49,541 | 41,221 |
Service | 9,105 | 8,778 | 6,500 |
Total cost of revenue | 55,242 | 58,319 | 47,721 |
General and administrative expenses | 8,367 | 6,706 | 4,761 |
Depreciation, depletion, amortization and accretion | 11,812 | 10,479 | 9,984 |
Operating income | 20,828 | 19,378 | 17,022 |
Other (income) expense, net | -90 | 131 | -61 |
Interest expense | 11,053 | 12,622 | 14,621 |
Net income | $9,865 | $6,625 | $2,462 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' |
Net income | $9,865 | $6,625 | $2,462 |
Pension and postretirement liability adjustment | 4,407 | -3,648 | -5,675 |
Comprehensive income (loss) | $14,272 | $2,977 | ($3,213) |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flow from operating activities: | ' | ' | ' |
Net income | $9,865 | $6,625 | $2,462 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation, depletion, amortization and accretion | 11,812 | 10,479 | 9,984 |
Other | 801 | -78 | 308 |
Decrease (increase) in operating assets: | ' | ' | ' |
Accounts receivable | 2,695 | -1,924 | -1,232 |
Inventories | -3,329 | 2,841 | -3,191 |
Other current assets | 333 | 58 | -251 |
Other assets | -1,304 | 308 | -2,872 |
Increase (decrease) in operating liabilities: | ' | ' | ' |
Accounts payable | 2,093 | -907 | 865 |
Accrued expenses | -1,574 | 6,685 | 650 |
Pension and post-retirement benefit obligations | -1,704 | -1,368 | -1,644 |
Other liabilities | -1,099 | -340 | -48 |
Net cash provided by operating activities | 18,589 | 22,379 | 5,031 |
Cash flow from investing activities: | ' | ' | ' |
Loans to and repayments from affiliates, net | 7,118 | -10,220 | ' |
Purchases of property, plant and equipment | -25,594 | -12,805 | -7,110 |
Proceeds from the sale of property, plant and equipment | 3 | 69 | 168 |
Other | ' | -79 | ' |
Net cash used for investing activities | -18,473 | -23,035 | -6,942 |
Cash flow from financing activities: | ' | ' | ' |
Proceeds from borrowings | ' | 7,000 | 36,500 |
Principal payments on long-term debt | -750 | -5,783 | -34,500 |
Other | 44 | -17 | -43 |
Net cash provided by financing activities | -706 | 1,200 | 1,957 |
Net (decrease) increase in cash | -590 | 544 | 46 |
Cash - beginning of period | 599 | 55 | 9 |
Cash - end of period | $9 | $599 | $55 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Redeemable Members' Interest and Member's Interest (USD $) | 3 Months Ended | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Mar. 30, 2013 | Dec. 31, 2012 | Mar. 31, 2012 | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Beginning balance, Redeemable members' interest | ' | $22,850 | ' | $22,250 | $22,850 | $22,250 | $21,650 |
Accretion of redeemable members' interest, Redeemable members' interest | ' | ' | ' | ' | 600 | 600 | 600 |
Other comprehensive income (loss), Redeemable members' interest | ' | ' | ' | ' | ' | ' | ' |
Net income, Redeemable members' interest | ' | ' | ' | ' | ' | ' | ' |
Share-based compensation, Redeemable members' interest | ' | ' | ' | ' | ' | ' | ' |
Ending balance, Redeemable members' interest | 23,450 | ' | 22,850 | ' | 23,450 | 22,850 | 22,250 |
Beginning balance | ' | 130,851 | ' | 128,412 | 130,851 | 128,412 | 132,169 |
Accretion of redeemable members' interest | ' | ' | ' | ' | -600 | -600 | -600 |
Other comprehensive income (loss) | ' | ' | ' | ' | 4,407 | -3,648 | -5,675 |
Net income | 6,668 | -11,232 | 4,694 | -8,045 | 9,865 | 6,625 | 2,462 |
Share-based compensation | ' | ' | ' | ' | 62 | 62 | 56 |
Ending balance | 144,585 | ' | 130,851 | ' | 144,585 | 130,851 | 128,412 |
Member's Equity [Member] | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | 135,118 | ' | 135,056 | 135,118 | 135,056 | 135,000 |
Share-based compensation | ' | ' | ' | ' | 62 | 62 | 56 |
Ending balance | 135,180 | ' | 135,118 | ' | 135,180 | 135,118 | 135,056 |
Retained Earnings [Member] | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | 7,764 | ' | 1,739 | 7,764 | 1,739 | -123 |
Accretion of redeemable members' interest | ' | ' | ' | ' | -600 | -600 | -600 |
Net income | ' | ' | ' | ' | 9,865 | 6,625 | 2,462 |
Ending balance | 17,029 | ' | 7,764 | ' | 17,029 | 7,764 | 1,739 |
Accumulated Other Comprehensive (Loss) Income [Member] | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | -12,031 | ' | -8,383 | -12,031 | -8,383 | -2,708 |
Other comprehensive income (loss) | ' | ' | ' | ' | 4,407 | -3,648 | -5,675 |
Ending balance | ($7,624) | ' | ($12,031) | ' | ($7,624) | ($12,031) | ($8,383) |
Summary_of_Organization_and_Si
Summary of Organization and Significant Accounting Policies | 12 Months Ended | ||||
Dec. 28, 2013 | |||||
Accounting Policies [Abstract] | ' | ||||
Summary of Organization and Significant Accounting Policies | ' | ||||
(1) Summary of Organization and Significant Accounting Policies | |||||
(a) | Business Activities and Organization | ||||
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 customers are ready-mixed concrete and concrete products producers 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 Continental Cement’s manufacturing process. GAR’s primary customers are commercial transportation disposal facilities and petroleum and chemical manufacturers located in the continental United States. | |||||
The Company, a Delaware limited liability company, is governed by the Amended and Restated Continental Cement Limited Liability Company Agreement (as amended, the “LLC Agreement”). As such, liability of the Company’s members is generally limited to the amount of their net investment in the Company. Continental Cement is an indirect non–wholly owned subsidiary of Summit Materials, LLC (“Summit Materials”). | |||||
In 2013, Continental Cement changed its fiscal year from a calendar year to a 52-week year with each quarter composed of 13 weeks ending on a Saturday, consistent with that of Summit Materials. Continental Cement’s fiscal year end in 2013 was December 28 compared to the calendar year ended December 31 in 2012 and 2011. The effect of this change to Continental Cement’s financial position, results of operations and liquidity was immaterial. | |||||
(b) | 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. | |||||
(c) | Use of Estimates | ||||
The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“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, disclosures about contingent assets and liabilities and reported amounts of expenses. 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 in the period in which the change in estimate occurs. | |||||
(d) | Business and Credit Concentrations | ||||
The Company’s customers are primarily located in Missouri, Iowa and Illinois. The Company’s accounts receivable balances are due primarily from ready-mixed concrete and concrete products producers and contractors within this area. 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. The Company had approximately 16%, 13% and 14%, of cement sales with companies owned by a certain minority owner of the Company for the years ended December 28, 2013, December 31, 2012 and December 31, 2011, respectively. | |||||
(e) | Accounts Receivable | ||||
Accounts receivable is stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollected amounts through a charge to earnings and a credit to the allowance for doubtful accounts based on its assessment of the status of individual accounts. In establishing the allowance, management considers historical losses adjusted to take into account current market conditions and the Company’s customers’ financial condition, the amount of receivables in dispute, the current receivables aging and current payment terms. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the allowance for doubtful accounts. Changes in the allowance for doubtful accounts have not been material to the consolidated financial statements. | |||||
(f) | Revenue Recognition | ||||
Revenue from the sale of cement is recognized when evidence of an arrangement exists, the fee is fixed or determinable, title passes, which is generally when the product is shipped, and collection is reasonably assured. Cement sales are recorded net of discounts, allowances and sales taxes, as applicable. The Company records freight revenue on a net basis together with freight costs within cost of sales. | |||||
Revenue from the receipt of waste fuels is recognized when the waste is accepted and a corresponding liability is recognized for the costs to process the waste into fuel for the manufacturing of cement or to ship the waste offsite for disposal in accordance with applicable regulations. | |||||
(g) | Inventories | ||||
Inventories of raw materials, work in process and finished goods are carried at the lower of cost (determined using the average cost method) or market. If items become obsolete or otherwise unusable, they will be charged to costs of production when that determination is made by management. | |||||
(h) | Property, Plant and Equipment, net | ||||
Property, plant and equipment are recorded at cost, less accumulated depreciation and depletion. Expenditures for additions and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Repair and maintenance costs that do not substantially extend the life of the Company’s property, plant and equipment are expensed as incurred. | |||||
Upon disposal, the cost and related accumulated depreciation are removed from the Company’s accounts and any gain or loss is included in operating income. | |||||
Depreciation on property, plant and equipment is computed on a straight-line basis. These estimated useful lives are as follows: | |||||
Building and improvements | 30 – 40 years | ||||
Plant, machinery and equipment | 3 – 40 years | ||||
Mobile equipment and barges | 3 – 20 years | ||||
Other | 3 – 7 years | ||||
Depletion of mineral reserves is calculated over proven and probable reserves by the units of production method on a site-by-site basis. | |||||
The Company reviews the carrying value of property, plant and equipment for impairment whenever events or circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. Such indicators may include, among others, deterioration in general economic conditions, negative developments in equity and credit markets, adverse changes in the markets in which an entity operates, increases in input costs that have a negative effect on earnings and cash flows or a trend of negative or declining cash flows over multiple periods. | |||||
(i) | Accrued Mining Reclamation | ||||
The mining reclamation obligations are based on management’s estimate of future cost requirements to reclaim property at quarry sites. Estimates of these obligations have been developed based on management’s interpretation of current requirements and proposed regulatory changes and are intended to approximate fair value. Costs are estimated in current dollars, inflated until the expected time of payment, using an inflation rate of 2.5%, and then discounted back to present value using a risk-free rate on obligations of similar maturity, adjusted to reflect the Company’s credit rating. Changes in the credit-adjusted, risk-free rate do not change recorded liabilities. However, subsequent increases in the recognized obligations are measured using a current credit-adjusted, risk-free rate. Decreases in the recognized obligations are measured at the initial credit-adjusted, risk-free rate. | |||||
Significant changes in inflation rates or the amount or timing of future cost estimates typically result in both (1) a current adjustment to the recorded liability (and corresponding adjustment to the asset) and (2) a change in accretion of the liability and depreciation of the asset to be recorded prospectively over the remaining capacity of the unmined quarry. | |||||
(j) | Goodwill | ||||
Goodwill is the excess of cost over the fair value of net assets of businesses acquired and was $24.1 million as of December 28, 2013 and December 31, 2012. Goodwill is not amortized, but is tested annually for impairment and whenever events or circumstances change that would make it more likely than not that an impairment may have occurred. | |||||
Continental Cement performs an annual impairment analysis as of the first day of the fourth quarter of each fiscal year for its one reporting unit. The first step of the goodwill impairment test compares the fair value of the reporting unit to its carrying value. Management estimates the fair value of the reporting unit primarily based on the discounted projected cash flows of the underlying operations. A number of significant assumptions and estimates are required to forecast operating cash flows, including macroeconomic trends in the private construction and public infrastructure industries, expected success in securing future sales and the appropriate interest rate used to discount the projected cash flows. During the 2013 and 2012 annual reviews of goodwill, management concluded that the estimated fair value of the reporting unit was substantially in excess of its carrying value, resulting in no indication of impairment. The Company has recorded no goodwill impairment charges to date. | |||||
(k) | Income Taxes | ||||
Continental Cement and GAR are limited liability companies that pass their tax attributes for federal and state tax purposes to their members and are generally not subject to federal or state income tax. | |||||
(m) | Reclassifications | ||||
Certain amounts have been reclassified in prior periods to conform to the presentation in the consolidated financial statements as of and for the year ended December 28, 2013. |
Accounts_Receivable_Net
Accounts Receivable, Net | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Accounts Receivable, Net | ' | ||||||||
(2) Accounts Receivable, net | |||||||||
Accounts receivable, net consists of the following as of year-end 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Trade accounts receivable from unaffiliated entities | $ | 6,961 | $ | 8,859 | |||||
Trade accounts receivable from related parties | 422 | 1,193 | |||||||
Accounts receivable | 7,383 | 10,052 | |||||||
Less: allowance for doubtful accounts | (30 | ) | (128 | ) | |||||
Accounts receivable, net | $ | 7,353 | $ | 9,924 | |||||
Inventories
Inventories | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventories | ' | ||||||||
(3) Inventories | |||||||||
Inventories consist of the following as of year-end 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Raw materials | $ | 972 | $ | 475 | |||||
Work-in-process | 2,623 | 2,248 | |||||||
Finished goods | 6,807 | 4,350 | |||||||
Total inventories | $ | 10,402 | $ | 7,073 | |||||
Property_Plant_and_Equipment_N
Property, Plant and Equipment, Net | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment, Net | ' | ||||||||
(4) Property, Plant and Equipment, net | |||||||||
Property, plant and equipment, net consist of the following as of year-end 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Land (non-mineral bearing) | $ | 4,605 | $ | 4,605 | |||||
Land (mineral bearing) and asset retirement costs | 16,524 | 15,449 | |||||||
Buildings and improvements | 40,795 | 40,681 | |||||||
Plants, machinery and equipment | 247,681 | 231,454 | |||||||
Mobile equipment and barges | 8,060 | 7,859 | |||||||
Construction in progress | 23,394 | 15,301 | |||||||
Other | 1,845 | 1,373 | |||||||
Property, plant and equipment | 342,904 | 316,722 | |||||||
Less accumulated depreciation, depletion and amortization | (36,700 | ) | (25,056 | ) | |||||
Property, plant and equipment, net | $ | 306,204 | $ | 291,666 | |||||
The Company is developing an underground mine through which over 200 years of limestone reserves may be accessed. Limestone is a raw material used in the production of cement. As of year-end 2013 and 2012, the underground mine development costs included in construction in progress totaled $22.9 million and $6.6 million, respectively. Costs for mine development are capitalized and include costs incurred for site preparation and development of the mine. | |||||||||
Depreciation and depletion expense of property, plant and equipment was $11.6 million, $10.3 million and $9.8 million, for the years ended December 28, 2013, December 31, 2012 and December 31, 2011, respectively. |
Accrued_Expenses
Accrued Expenses | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Payables And Accruals [Abstract] | ' | ||||||||
Accrued Expenses | ' | ||||||||
(5) Accrued Expenses | |||||||||
Accrued expenses and other liabilities consist of the following as of year-end 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Accrued interest due to Summit Materials | $ | 3,848 | $ | 4,283 | |||||
Accrued interest due to non-controlling interest | 723 | 2,149 | |||||||
Accrued post-retirement benefits other than pensions, current portion | 1,268 | 1,055 | |||||||
Accrued professional fees | 340 | 400 | |||||||
Accrued payroll, insurance and benefits | 758 | 897 | |||||||
Accrued bonus liability | 884 | 1,153 | |||||||
Accrued costs to remove barge from waterway | 880 | 850 | |||||||
Other | 1,296 | 736 | |||||||
Total | $ | 9,997 | $ | 11,523 | |||||
LongTerm_Debt
Long-Term Debt | 12 Months Ended | ||||
Dec. 28, 2013 | |||||
Debt Disclosure [Abstract] | ' | ||||
Long-Term Debt | ' | ||||
(6) Long-Term Debt | |||||
Long-term debt, including the current portion of long-term debt, was $155.6 million and $156.4 million as of year-end 2013 and 2012, respectively. Interest costs incurred were $11.1 million, $12.6 million and $14.6 million for the years ended December 28, 2013, December 31, 2012 and December 31, 2011, respectively. The interest rate in effect at December 28, 2013 was 3.7%. | |||||
On January 30, 2012, Summit Materials refinanced its consolidated outstanding indebtedness, including $142.7 million of the Company’s indebtedness and interest thereon, by issuing $250.0 million aggregate principal amount of 10.5% Senior Notes due January 31, 2020 (the “Senior Notes”) and borrowing under a senior secured credit facility composed of $422.0 million in term loans as of December 28, 2013 that mature January 30, 2019 and a $150.0 million revolving credit facility that matures January 30, 2017 (the “Senior Secured Credit Facility”). As a result of the January 2012 financing transactions, Continental Cement’s existing debt was repaid by Summit Materials and was replaced by $156.8 million of long-term debt due to Summit Materials. In addition, Continental Cement recognized a charge to earnings of $0.3 million related to financing fees on the debt repaid. | |||||
The terms of Summit Materials’ debt limit certain transactions of its subsidiaries, including those of Continental Cement. Continental Cement’s ability to incur additional indebtedness or issue certain preferred shares, pay dividends to the noncontrolling members, redeem stock or make other distributions, make certain investments, sell or transfer certain assets, create liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets, enter into certain transactions with affiliates are limited. | |||||
Continental Cement, excluding GAR, is named as a guarantor of Summit Materials’ debt, for which the Company pledged substantially all of its assets as collateral. Continental Cement, excluding GAR, provides a joint and several, full and unconditional guarantee of Summit Materials’ debt. Summit Materials is and has been current on all required principal and interest payments. As of December 28, 2013, approximately $95.3 million and $60.3 million of the Company’s long-term debt due to Summit Materials represent the amount of Summit Materials’ debt under the Senior Secured Credit facility and Senior Notes, respectively, that has been allocated to the Company. | |||||
Future maturities of long-term debt due to Summit Materials as of December 28, 2013 are as follows: | |||||
2014 | $ | 1,018 | |||
2015 | 1,018 | ||||
2016 | 1,273 | ||||
2017 | 1,018 | ||||
2018 | 764 | ||||
Thereafter | 150,517 | ||||
Total | $ | 155,608 | |||
Members_Interest
Members' Interest | 12 Months Ended |
Dec. 28, 2013 | |
Equity [Abstract] | ' |
Members' Interest | ' |
(7) Members’ Interest | |
Business affairs of the Company are managed by a board of directors (the “Board”) composed of up to seven Directors. As of December 28, 2013 and December 31, 2012, Summit Materials is entitled to appoint four directors to the Board and members representing the noncontrolling interest are entitled to appoint three directors to the Board. Any director may be removed from the Board with or without cause at any time by the directors entitled to appoint such Director. | |
The LLC Agreement provides that resolutions of the Board generally require the consent of at least a majority of the Directors. | |
The Company had 100 Class A Units issued and outstanding as of December 28, 2013 and December 31, 2012, all of which were indirectly held by Summit Materials. The Class A Units represent an approximately 70% economic interest in the Company and they have a preference in liquidation to the Class B Units. Class A Units are entitled to a priority distribution which accrues daily and compounds annually and requires that Continental Cement make distributions ahead of the Class B Units up to an amount equal to the capital contributions made by Summit Materials in respect to the Class A Units, plus interest on such capital contributions of 11%, to Class A Unit holders prior to making distributions to the Class B Unit holders. To the extent that the priority return is not made in a given year, the amount of the priority return will increase the liquidation preference of the Class A Units. | |
The Company had 100,000,000 Class B Units issued and outstanding as of December 28, 2013 and December 31, 2012. The Class B Units represent an approximately 30% economic interest in the Company and are subordinate to the Class A Units. | |
The LLC Agreement provides Summit Materials with the right to require the Company to call all of the Class B Units at a strike price that approximates fair value after May 27, 2016, either in anticipation of Summit Materials effecting an initial public offering or if an initial public offering has already occurred. In addition, subject to certain conditions, holders of the Class B Units have the right to require the Company to purchase all of the Class B Units at a strike price that approximates fair value, exercisable after May 27, 2012 if there is a change of control of Summit Materials or at any time after May 27, 2016. The LLC Agreement also includes transfer restrictions which prohibit the Class B Unit holders from transferring their Class B Units without the consent of the Board until May 27, 2015. | |
Because the Class B Units can be put to the Company by the Class B Unit holders in the future based on the passage of time, which can be accelerated upon the occurrence of a contingent event, the noncontrolling members’ interest is classified in temporary equity. The redemption value is based upon the estimated fair value of Continental Cement, which is valued using Level 3 inputs. Continental Cement elected to accrete changes in the redemption value of the noncontrolling interest over the period from the date of issuance to the earliest anticipated redemption date of the instrument, which is currently May 2016, using an interest method. The accretion is recorded as an adjustment to retained earnings. The redemption value of the redeemable members’ interest as of year-end 2013 and 2012 approximated its carrying value. | |
Net earnings or losses are generally allocated in a manner such that the capital account of each Member is equal to the distributions that would be made to such Member if the Company were dissolved, its affairs wound up, its assets and liabilities settled for cash and the net assets of the Company were distributed in accordance with the LLC Agreement. |
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended | ||||||||||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||||||||||
Postemployment Benefits [Abstract] | ' | ||||||||||||||||||||||||
Employee Benefit Plans | ' | ||||||||||||||||||||||||
(8) Employee Benefit Plans | |||||||||||||||||||||||||
Deferred Compensation Plan | |||||||||||||||||||||||||
The Company sponsors an Employee 401(k) Savings Plan for all salaried employees and certain union employees. The plan provides for various required and discretionary Company matches of employees’ eligible compensation contributed to the plan and a discretionary profit sharing contribution as determined by the Company’s Board of Directors. The Company’s contributions to the plan were $0.5 million, $0.4 million and $0.3 million, for the years ended December 28, 2013, December 31, 2012 and December 31, 2011, respectively. | |||||||||||||||||||||||||
Defined Benefit Plans and Other Postretirement Benefits | |||||||||||||||||||||||||
Continental Cement sponsors two noncontributory defined benefit pension plans for hourly and salaried employees. The salaried employee pension plan was closed to new participants and frozen in January 2000 and the hourly employee pension plan was closed to new participants in May 2003 and frozen in January 2014. Pension benefits for certain eligible hourly employees are based on a monthly pension factor for each year of credited service. Pension benefits for certain eligible salaried employees are generally based on years of service and average eligible compensation. | |||||||||||||||||||||||||
Continental Cement also sponsors an unfunded healthcare and life insurance benefits plan for certain eligible retired employees. The retiree healthcare and life insurance plan was closed for salaried employees in January 2003 and hourly employees in July 2006. Effective January 1, 2012, the Company eliminated all future retiree health and life coverage for active salaried, nonunion hourly and certain union employees that retire on or after January 1, 2012. Effective January 1, 2014, the plan was amended to eliminate all future retiree health and life coverage for the remaining union employees. | |||||||||||||||||||||||||
The funded status of the pension and other postretirement benefit plans is recognized in the consolidated balance sheets as the difference between the fair value of plan assets and the benefit obligations. For defined benefit pension plans, the benefit obligation is the projected benefit obligation (“PBO”) and for the other postretirement benefit plans the benefit obligation is the accumulated postretirement benefit obligation (“APBO”). The PBO represents the actuarial present value of benefits expected to be paid upon retirement based on estimated future compensation levels. However, since the plans’ participants are not subject to future compensation increases, the plans’ PBO equals the APBO. The APBO represents the actuarial present value of postretirement benefits attributed to employee services already rendered. The fair value of plan assets represents the current market value of assets held by an irrevocable trust fund for the sole benefit of participants. The measurement of the benefit obligation is based on Continental Cement’s estimates and actuarial valuations provided by third-party actuaries. These valuations reflect the terms of the plan and use participant-specific information such as compensation, age and years of service, as well as certain assumptions that require significant judgment, including estimates of discount rates, expected return on plan assets, rate of compensation increases, interest crediting rates and mortality rates. | |||||||||||||||||||||||||
The Company uses its fiscal year-end as the measurement date for its defined benefit pension and other postretirement benefit plans. | |||||||||||||||||||||||||
Obligations and Funded Status—The following information is as of year-end 2013 and 2012 and for the years ended December 28, 2013, December 31, 2012 and December 31, 2011: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Pension | Other | Pension | Other | ||||||||||||||||||||||
benefits | benefits | benefits | benefits | ||||||||||||||||||||||
Change in benefit obligations: | |||||||||||||||||||||||||
Beginning of period | $ | 28,674 | $ | 15,810 | $ | 26,514 | $ | 14,467 | |||||||||||||||||
Service cost | 295 | 236 | 276 | 207 | |||||||||||||||||||||
Interest cost | 963 | 513 | 1,055 | 585 | |||||||||||||||||||||
Actuarial (gain) loss | (2,674 | ) | (1,048 | ) | 2,347 | 1,597 | |||||||||||||||||||
Special termination benefits | — | 39 | — | — | |||||||||||||||||||||
Benefits paid | (1,614 | ) | (1,395 | ) | (1,518 | ) | (1,046 | ) | |||||||||||||||||
End of period | 25,644 | 14,155 | 28,674 | 15,810 | |||||||||||||||||||||
Change in fair value of plan assets: | |||||||||||||||||||||||||
Beginning of period | 17,863 | — | 16,639 | — | |||||||||||||||||||||
Actual return on plan assets | 1,512 | — | 1,205 | — | |||||||||||||||||||||
Employer contributions | 1,313 | 1,395 | 1,537 | 1,046 | |||||||||||||||||||||
Benefits paid | (1,614 | ) | (1,395 | ) | (1,518 | ) | (1,046 | ) | |||||||||||||||||
End of period | 19,074 | — | 17,863 | — | |||||||||||||||||||||
Funded status of plans | $ | (6,570 | ) | $ | (14,155 | ) | $ | (10,811 | ) | $ | (15,810 | ) | |||||||||||||
Current liabilities | $ | — | $ | (1,268 | ) | $ | — | $ | (1,055 | ) | |||||||||||||||
Noncurrent liabilities | (6,570 | ) | (12,887 | ) | (10,811 | ) | (14,755 | ) | |||||||||||||||||
Liability recognized | $ | (6,570 | ) | $ | (14,155 | ) | $ | (10,811 | ) | $ | (15,810 | ) | |||||||||||||
Amounts recognized in accumulated other comprehensive income: | |||||||||||||||||||||||||
Net actuarial loss | $ | 4,831 | $ | 4,139 | $ | 8,056 | $ | 5,501 | |||||||||||||||||
Prior service cost | — | (1,346 | ) | — | (1,526 | ) | |||||||||||||||||||
Total amount recognized | $ | 4,831 | $ | 2,793 | $ | 8,056 | $ | 3,975 | |||||||||||||||||
The amount recognized in accumulated other comprehensive income (“AOCI”) is the actuarial loss, which has not yet been recognized in periodic benefit cost. At December 28, 2013, the actuarial loss expected to be amortized from AOCI to periodic benefit cost in 2014 is $0.1 million and $0.2 million for the pension and postretirement obligations, respectively. | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Pension | Other | Pension | Other | Pension | Other | ||||||||||||||||||||
benefits | benefits | benefits | benefits | benefits | benefits | ||||||||||||||||||||
Amounts recognized in other comprehensive (gain) loss: | |||||||||||||||||||||||||
Net actuarial (gain) loss | $ | (2,838 | ) | $ | (1,048 | ) | $ | 2,444 | $ | 1,597 | $ | 4,066 | $ | 3,390 | |||||||||||
Prior service cost | — | 180 | — | — | — | (1,705 | ) | ||||||||||||||||||
Amortization of prior year service cost | — | — | — | 180 | — | — | |||||||||||||||||||
Amortization of (gain) loss | (387 | ) | (314 | ) | (261 | ) | (312 | ) | (5 | ) | (71 | ) | |||||||||||||
Total amount recognized | $ | (3,225 | ) | $ | (1,182 | ) | $ | 2,183 | $ | 1,465 | $ | 4,061 | $ | 1,614 | |||||||||||
Components of net periodic benefit cost: | |||||||||||||||||||||||||
Service cost | $ | 295 | $ | 236 | $ | 276 | $ | 207 | $ | 275 | $ | 227 | |||||||||||||
Interest cost | 963 | 513 | 1,055 | 585 | 1,161 | 710 | |||||||||||||||||||
Amortization of loss | 387 | 314 | 262 | 312 | 5 | 69 | |||||||||||||||||||
Expected return on plan assets | (1,348 | ) | — | (1,301 | ) | (180 | ) | (1,400 | ) | — | |||||||||||||||
Special termination benefits | — | 39 | — | — | — | — | |||||||||||||||||||
Amortization of Prior Service Credit | — | (180 | ) | — | — | — | — | ||||||||||||||||||
Net periodic benefit cost | $ | 297 | $ | 922 | $ | 292 | $ | 924 | $ | 41 | $ | 1,006 | |||||||||||||
Assumptions—Weighted-average assumptions used to determine the benefit obligations as of year-end 2013 and 2012 are: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Pension | Other | Pension | Other | ||||||||||||||||||||||
benefits | benefits | benefits | benefits | ||||||||||||||||||||||
Discount rate | 4.21% - 4.46% | 4.33% | 3.30% - 3.57% | 3.41% | |||||||||||||||||||||
Expected long-term rate of return on plan assets | 7.5 | % | N/A | 7.5 | % | N/A | |||||||||||||||||||
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 28, 2013, December 31, 2012 and December 31, 2011: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Pension | Other | Pension | Other | Pension | Other | ||||||||||||||||||||
benefits | benefits | benefits | benefits | benefits | benefits | ||||||||||||||||||||
Discount rate | 3.30% - 3.57% | 3.41% | 3.89% - 4.07% | 4.00% | 4.94% - 5.12.% | 5.07% | |||||||||||||||||||
Expected long-term rate of return on plan assets | 7.5 | % | N/A | 7.5 | % | N/A | 8.5 | % | N/A | ||||||||||||||||
The expected long-term return on plan assets is based upon the plans’ consideration of historical and forward-looking returns and the Company’s estimation of what a portfolio, with the target allocation described below, will earn over a long-term horizon. The discount rate is derived using the Citigroup Pension Discount Curve. | |||||||||||||||||||||||||
Assumed health care cost trend rates are 9% grading to 7% and 9% grading to 7% as of year end 2013 and 2012, respectively. Assumed health care cost trend rates have a significant effect on the amounts reported for the Company’s post-retirement medical and life plans. A one percentage-point change in assumed health care cost trend rates would have the following effects as of year-end 2013 and 2012: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Increase | Decrease | Increase | Decrease | ||||||||||||||||||||||
Total service cost and interest cost components | $ | 66 | $ | (55 | ) | $ | 73 | $ | (63 | ) | |||||||||||||||
Estimated APBO | 1,251 | (1,073 | ) | 1,555 | (1,331 | ) | |||||||||||||||||||
Plan Assets—The defined benefit pension plans’ (the “Plans”) investment strategy is to minimize investment risk while generating acceptable returns. The Plans currently invest a relatively high proportion of their assets in fixed income securities, while the remainder is invested in equity securities, cash reserves and precious metals. The equity securities are diversified into funds with growth and value investment strategies. The target allocation for plan assets is as follows: equity securities – 30%; fixed income securities –63%; cash reserves –5%; and precious metals –2%. The Plans’ current investment allocations are within the tolerance of the target allocation. | |||||||||||||||||||||||||
Fair value determinations are based on the following hierarchy, which prioritizes the inputs used to measure fair value: | |||||||||||||||||||||||||
• | Level 1—Quoted prices in active markets for identical assets and liabilities | ||||||||||||||||||||||||
• | Level 2—Observable inputs, other than quoted prices, for similar assets or liabilities in active markets | ||||||||||||||||||||||||
• | Level 3—Unobservable inputs, which includes the use of valuation models | ||||||||||||||||||||||||
The Company had no Level 3 investments as of or during the years ended December 28, 2013 and December 31, 2012. | |||||||||||||||||||||||||
At year-end 2013 and 2012, the Plans’ assets were invested predominantly in publicly traded fixed-income securities and equities, but may invest in other asset classes in the future subject to the parameters of the investment policy. The Plans’ investments in fixed-income assets include U.S. Treasury and U.S. agency securities and corporate bonds. The Plans’ investments in equities include U.S. and international securities and equity funds. The Company estimates the fair value of the Plans’ assets using various valuation techniques and, to the extent available, quoted market prices in active markets or observable market inputs. The descriptions and fair value methodologies for the Plans’ assets are as follows: | |||||||||||||||||||||||||
Fixed Income Securities – Corporate and government bonds are classified as Level 2 assets, as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings. | |||||||||||||||||||||||||
Equity Securities—Equity securities are valued at the closing market price reported on a U.S. exchange where the security is actively traded and are therefore classified as Level 1 assets. | |||||||||||||||||||||||||
Cash - The carrying amounts of cash approximate fair value due to the short-term maturity. | |||||||||||||||||||||||||
Precious Metals—Precious metals are valued at the closing market price reported on a U.S. exchange where the security is actively traded and are therefore classified as Level 1 assets. | |||||||||||||||||||||||||
The fair value of the Company’s pension plans’ assets by asset class and fair value hierarchy level as of year-end 2013 and 2012 are as follows: | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Total fair | Quoted prices in active | Observable | |||||||||||||||||||||||
value | markets for identical | inputs (Level 2) | |||||||||||||||||||||||
assets (Level 1) | |||||||||||||||||||||||||
Fixed income securities: | |||||||||||||||||||||||||
Intermediate - government | $ | 1,647 | $ | — | $ | 1,647 | |||||||||||||||||||
Intermediate - corporate | 3,138 | — | 3,138 | ||||||||||||||||||||||
Short-term - government | 2,168 | — | 2,168 | ||||||||||||||||||||||
Short-term - corporate | 4,040 | — | 4,040 | ||||||||||||||||||||||
Equity securities: | |||||||||||||||||||||||||
U.S. Large cap value | 1,221 | 1,221 | — | ||||||||||||||||||||||
U.S. Large cap growth | 1,536 | 1,536 | — | ||||||||||||||||||||||
U.S. Mid cap value | 600 | 600 | — | ||||||||||||||||||||||
U.S. Mid cap growth | 603 | 603 | — | ||||||||||||||||||||||
U.S. Small cap value | 610 | 610 | — | ||||||||||||||||||||||
U.S. Small cap growth | 599 | 599 | — | ||||||||||||||||||||||
International | 889 | 889 | — | ||||||||||||||||||||||
Cash | 1,665 | 1,665 | — | ||||||||||||||||||||||
Precious metals | 358 | 358 | — | ||||||||||||||||||||||
Total | $ | 19,074 | $ | 8,081 | $ | 10,993 | |||||||||||||||||||
2012 | |||||||||||||||||||||||||
Total fair | Quoted prices in active | Observable | |||||||||||||||||||||||
value | markets for identical | inputs (Level 2) | |||||||||||||||||||||||
assets (Level 1) | |||||||||||||||||||||||||
Fixed income securities: | |||||||||||||||||||||||||
Intermediate - government | $ | 1,247 | $ | — | $ | 1,247 | |||||||||||||||||||
Intermediate - corporate | 4,402 | — | 4,402 | ||||||||||||||||||||||
Short-term - government | 2,038 | — | 2,038 | ||||||||||||||||||||||
Short-term - corporate | 3,123 | — | 3,123 | ||||||||||||||||||||||
Equity securities: | |||||||||||||||||||||||||
U.S. Large cap value | 1,063 | 1,063 | — | ||||||||||||||||||||||
U.S. Large cap growth | 1,037 | 1,037 | — | ||||||||||||||||||||||
U.S. Mid cap value | 542 | 542 | — | ||||||||||||||||||||||
U.S. Mid cap growth | 536 | 536 | — | ||||||||||||||||||||||
U.S. Small cap value | 546 | 546 | — | ||||||||||||||||||||||
U.S. Small cap growth | 539 | 539 | — | ||||||||||||||||||||||
International | 1,134 | 1,134 | — | ||||||||||||||||||||||
Cash | 1,656 | 1,656 | — | ||||||||||||||||||||||
Total | $ | 17,863 | $ | 7,053 | $ | 10,810 | |||||||||||||||||||
Cash Flows - The Company expects to contribute approximately $1.0 million to its pension plans and $1.3 million to its other postretirement benefit plans in 2014. | |||||||||||||||||||||||||
The estimated benefit payments for each of the next five years and the five-year period thereafter are as follows: | |||||||||||||||||||||||||
Pension | Other | ||||||||||||||||||||||||
benefits | benefits | ||||||||||||||||||||||||
2014 | $ | 1,694 | $ | 1,269 | |||||||||||||||||||||
2015 | 1,704 | 1,109 | |||||||||||||||||||||||
2016 | 1,739 | 1,130 | |||||||||||||||||||||||
2017 | 1,737 | 963 | |||||||||||||||||||||||
2018 | 1,774 | 1,018 | |||||||||||||||||||||||
2019 - 2023 | 8,667 | 4,512 | |||||||||||||||||||||||
Total | $ | 17,315 | $ | 10,001 | |||||||||||||||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 28, 2013 | |
Commitments And Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
(9) Commitments and Contingencies | |
Litigation and Claims | |
Continental Cement is party to certain legal actions arising from the ordinary course of business activities. In the opinion of management, these actions are without merit or that the ultimate disposition, if any, resulting from them will not have a material effect on Continental Cement’s consolidated financial position, results of operations or liquidity. Continental Cement’s policy is to record legal fees as incurred. | |
In February 2011, Continental Cement incurred a property loss related to a sunken barge with cement product aboard. As of December 28, 2013 and December 31, 2012, the Company had a $0.9 million accrual for the estimated remaining costs to remove the barge. | |
Environmental Remediation | |
Continental Cement’s manufacturing 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. | |
Other | |
Continental Cement is obligated under various firm purchase commitments for certain raw materials and services that are in the ordinary course of business. 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 cash flows of Continental Cement. The terms of the purchase commitments are generally less than one year. | |
As of December 28, 2013, approximately 62% of the Company’s employees were represented by labor organizations under collective bargaining agreements. The Company’s collective bargaining agreements for such employees generally expire between 2013 and 2015. The contract that expired in 2013 contract was successfully renegotiated and ratified in December 2013 and is expected to be finalized in the first quarter of 2014 with a term that will extend through 2018. |
RelatedParty_Transactions
Related-Party Transactions | 12 Months Ended |
Dec. 28, 2013 | |
Related Party Transactions [Abstract] | ' |
Related-Party Transactions | ' |
(10) Related-Party Transactions | |
The Company purchased equipment from a certain noncontrolling member for approximately $2.3 million in 2011, which was paid for in 2012. | |
As of year-end 2013 and 2012, the Company had accrued interest payments of $0.7 million and $2.1 million, respectively, due to a certain noncontrolling member for a related-party note, which is expected to be paid in 2014. The principal balance on the note was repaid in January 2012. | |
Cement sales to companies owned by certain noncontrolling members of Continental Cement were approximately $12.7 million, $12.5 million and $9.5 million during the years ended December 28, 2013, December 31, 2012 and December 31, 2011, respectively, and accounts receivables due from these parties were approximately $0.2 million and $1.0 million as of December 28, 2013 and December 31, 2012, respectively. | |
Cement sales to subsidiaries of Summit Materials were approximately $4.5 million, $3.8 million and $2.8 million for the years ended December 28, 2013, December 31, 2012 and December 31, 2011, respectively, and accounts receivable due from these parties were approximately $0.2 million as of December 28, 2013 and December 31, 2012. | |
Waste fuel sales by Continental Cement to American Environmental Services, Inc., which owned a noncontrolling interest in GAR until the Company purchased its interest in 2011, were approximately $0.7 million in the year ended December 31, 2011. After the Company purchased American Environmental Services, Inc.’s interest in GAR, American Environmental Services, Inc. ceased to be a related party. |
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 12 Months Ended | ||||||||||||
Dec. 28, 2013 | |||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||||||
Supplemental Cash Flow Information | ' | ||||||||||||
(11) Supplemental Cash Flow Information | |||||||||||||
Supplemental cash flow information is as follows for the years ended December 28, 2013, December 31, 2012 and December 31, 2011: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Cash paid for interest | $ | 11,488 | $ | 7,353 | $ | 12,946 | |||||||
Non cash financing activities: | |||||||||||||
Proceeds on borrowings due to Summit Materials | $ | — | $ | 156,842 | $ | — | |||||||
Repayment by Summit Materials of long-term debt and accrued interest | — | (156,842 | ) | — |
Leasing_Arrangements
Leasing Arrangements | 12 Months Ended | ||||
Dec. 28, 2013 | |||||
Leases [Abstract] | ' | ||||
Leasing Arrangements | ' | ||||
-12 | Leasing Arrangements | ||||
Rent expense incurred, including short term rentals, primarily related to land and equipment, was $0.4 million, $0.5 million and $0.4 million for the years ended December 28, 2013, December 31, 2012 and December 31, 2011, respectively. | |||||
Minimum rental commitments under long-term operating leases as of December 28, 2013, are as follows: | |||||
2014 | $ | 378 | |||
2015 | 341 | ||||
2016 | 325 | ||||
2017 | 291 | ||||
2018 | 291 |
Supplementary_Data_Unaudited
Supplementary Data (Unaudited) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||
Supplementary Data (Unaudited) | ' | ||||||||||||||||||||||||||||||||
(13) Supplementary Data (Unaudited) | |||||||||||||||||||||||||||||||||
Supplemental financial information (unaudited) by quarter is as follows for the years ended December 28, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
(in thousands) | 4Q | 3Q | 2Q | 1Q | 4Q | 3Q | 2Q | 1Q | |||||||||||||||||||||||||
Revenues | $ | 22,509 | $ | 34,155 | $ | 27,224 | $ | 12,361 | $ | 25,304 | $ | 30,430 | $ | 26,141 | $ | 13,007 | |||||||||||||||||
Operating income (loss) | 9,259 | 10,965 | 9,053 | (8,449 | ) | 7,625 | 7,124 | 9,097 | (4,468 | ) | |||||||||||||||||||||||
Net income (loss) | $ | 6,668 | $ | 8,157 | $ | 6,272 | $ | (11,232 | ) | $ | 4,694 | $ | 3,977 | $ | 5,999 | $ | (8,045 | ) |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 28, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
(14) Subsequent Events | |
On January 17, 2014, Summit Materials and Summit Materials Finance Corp. issued and sold an additional $260.0 million aggregate principal amount of their 10.5% Senior Notes due 2020, which mature on January 31, 2020, pursuant to an indenture which also governs the $250.0 million aggregate principal amount of 10.5% Senior Notes due 2020 that were issued on January 30, 2012. As a result, the Company’s guarantee of the Senior Notes increased by the additional $260.0 million of notes issued to $510.0 million. |
Summary_of_Organization_and_Si1
Summary of Organization and Significant Accounting Policies (Policies) | 12 Months Ended | ||||
Dec. 28, 2013 | |||||
Accounting Policies [Abstract] | ' | ||||
Business Activities and Organization | ' | ||||
(a) | Business Activities and Organization | ||||
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 customers are ready-mixed concrete and concrete products producers 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 Continental Cement’s manufacturing process. GAR’s primary customers are commercial transportation disposal facilities and petroleum and chemical manufacturers located in the continental United States. | |||||
The Company, a Delaware limited liability company, is governed by the Amended and Restated Continental Cement Limited Liability Company Agreement (as amended, the “LLC Agreement”). As such, liability of the Company’s members is generally limited to the amount of their net investment in the Company. Continental Cement is an indirect non–wholly owned subsidiary of Summit Materials, LLC (“Summit Materials”). | |||||
In 2013, Continental Cement changed its fiscal year from a calendar year to a 52-week year with each quarter composed of 13 weeks ending on a Saturday, consistent with that of Summit Materials. Continental Cement’s fiscal year end in 2013 was December 28 compared to the calendar year ended December 31 in 2012 and 2011. The effect of this change to Continental Cement’s financial position, results of operations and liquidity was immaterial. | |||||
Principles of Consolidation | ' | ||||
(b) | 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 | ' | ||||
(c) | Use of Estimates | ||||
The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“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, disclosures about contingent assets and liabilities and reported amounts of expenses. 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 in the period in which the change in estimate occurs. | |||||
Business and Credit Concentrations | ' | ||||
(d) | Business and Credit Concentrations | ||||
The Company’s customers are primarily located in Missouri, Iowa and Illinois. The Company’s accounts receivable balances are due primarily from ready-mixed concrete and concrete products producers and contractors within this area. 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. The Company had approximately 16%, 13% and 14%, of cement sales with companies owned by a certain minority owner of the Company for the years ended December 28, 2013, December 31, 2012 and December 31, 2011, respectively. | |||||
Accounts Receivable | ' | ||||
(e) | Accounts Receivable | ||||
Accounts receivable is stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollected amounts through a charge to earnings and a credit to the allowance for doubtful accounts based on its assessment of the status of individual accounts. In establishing the allowance, management considers historical losses adjusted to take into account current market conditions and the Company’s customers’ financial condition, the amount of receivables in dispute, the current receivables aging and current payment terms. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the allowance for doubtful accounts. Changes in the allowance for doubtful accounts have not been material to the consolidated financial statements. | |||||
Revenue Recognition | ' | ||||
(f) | Revenue Recognition | ||||
Revenue from the sale of cement is recognized when evidence of an arrangement exists, the fee is fixed or determinable, title passes, which is generally when the product is shipped, and collection is reasonably assured. Cement sales are recorded net of discounts, allowances and sales taxes, as applicable. The Company records freight revenue on a net basis together with freight costs within cost of sales. | |||||
Revenue from the receipt of waste fuels is recognized when the waste is accepted and a corresponding liability is recognized for the costs to process the waste into fuel for the manufacturing of cement or to ship the waste offsite for disposal in accordance with applicable regulations. | |||||
Inventories | ' | ||||
(g) | Inventories | ||||
Inventories of raw materials, work in process and finished goods are carried at the lower of cost (determined using the average cost method) or market. If items become obsolete or otherwise unusable, they will be charged to costs of production when that determination is made by management. | |||||
Property, Plant and Equipment, Net | ' | ||||
(h) | Property, Plant and Equipment, net | ||||
Property, plant and equipment are recorded at cost, less accumulated depreciation and depletion. Expenditures for additions and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Repair and maintenance costs that do not substantially extend the life of the Company’s property, plant and equipment are expensed as incurred. | |||||
Upon disposal, the cost and related accumulated depreciation are removed from the Company’s accounts and any gain or loss is included in operating income. | |||||
Depreciation on property, plant and equipment is computed on a straight-line basis. These estimated useful lives are as follows: | |||||
Building and improvements | 30 – 40 years | ||||
Plant, machinery and equipment | 3 – 40 years | ||||
Mobile equipment and barges | 3 – 20 years | ||||
Other | 3 – 7 years | ||||
Depletion of mineral reserves is calculated over proven and probable reserves by the units of production method on a site-by-site basis. | |||||
The Company reviews the carrying value of property, plant and equipment for impairment whenever events or circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. Such indicators may include, among others, deterioration in general economic conditions, negative developments in equity and credit markets, adverse changes in the markets in which an entity operates, increases in input costs that have a negative effect on earnings and cash flows or a trend of negative or declining cash flows over multiple periods. | |||||
Accrued Mining Reclamation | ' | ||||
(i) | Accrued Mining Reclamation | ||||
The mining reclamation obligations are based on management’s estimate of future cost requirements to reclaim property at quarry sites. Estimates of these obligations have been developed based on management’s interpretation of current requirements and proposed regulatory changes and are intended to approximate fair value. Costs are estimated in current dollars, inflated until the expected time of payment, using an inflation rate of 2.5%, and then discounted back to present value using a risk-free rate on obligations of similar maturity, adjusted to reflect the Company’s credit rating. Changes in the credit-adjusted, risk-free rate do not change recorded liabilities. However, subsequent increases in the recognized obligations are measured using a current credit-adjusted, risk-free rate. Decreases in the recognized obligations are measured at the initial credit-adjusted, risk-free rate. | |||||
Significant changes in inflation rates or the amount or timing of future cost estimates typically result in both (1) a current adjustment to the recorded liability (and corresponding adjustment to the asset) and (2) a change in accretion of the liability and depreciation of the asset to be recorded prospectively over the remaining capacity of the unmined quarry. | |||||
Goodwill | ' | ||||
(j) | Goodwill | ||||
Goodwill is the excess of cost over the fair value of net assets of businesses acquired and was $24.1 million as of December 28, 2013 and December 31, 2012. Goodwill is not amortized, but is tested annually for impairment and whenever events or circumstances change that would make it more likely than not that an impairment may have occurred. | |||||
Continental Cement performs an annual impairment analysis as of the first day of the fourth quarter of each fiscal year for its one reporting unit. The first step of the goodwill impairment test compares the fair value of the reporting unit to its carrying value. Management estimates the fair value of the reporting unit primarily based on the discounted projected cash flows of the underlying operations. A number of significant assumptions and estimates are required to forecast operating cash flows, including macroeconomic trends in the private construction and public infrastructure industries, expected success in securing future sales and the appropriate interest rate used to discount the projected cash flows. During the 2013 and 2012 annual reviews of goodwill, management concluded that the estimated fair value of the reporting unit was substantially in excess of its carrying value, resulting in no indication of impairment. The Company has recorded no goodwill impairment charges to date. | |||||
Income Taxes | ' | ||||
(k) | Income Taxes | ||||
Continental Cement and GAR are limited liability companies that pass their tax attributes for federal and state tax purposes to their members and are generally not subject to federal or state income tax. | |||||
Reclassifications | ' | ||||
(m) | Reclassifications | ||||
Certain amounts have been reclassified in prior periods to conform to the presentation in the consolidated financial statements as of and for the year ended December 28, 2013. |
Summary_of_Organization_and_Si2
Summary of Organization and Significant Accounting Policies (Tables) | 12 Months Ended | ||||
Dec. 28, 2013 | |||||
Accounting Policies [Abstract] | ' | ||||
Estimated Useful Lives of Assets | ' | ||||
These estimated useful lives are as follows: | |||||
Building and improvements | 30 – 40 years | ||||
Plant, machinery and equipment | 3 – 40 years | ||||
Mobile equipment and barges | 3 – 20 years | ||||
Other | 3 – 7 years |
Accounts_Receivable_Net_Tables
Accounts Receivable, Net (Tables) | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Summary of Accounts Receivable, Net | ' | ||||||||
Accounts receivable, net consists of the following as of year-end 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Trade accounts receivable from unaffiliated entities | $ | 6,961 | $ | 8,859 | |||||
Trade accounts receivable from related parties | 422 | 1,193 | |||||||
Accounts receivable | 7,383 | 10,052 | |||||||
Less: allowance for doubtful accounts | (30 | ) | (128 | ) | |||||
Accounts receivable, net | $ | 7,353 | $ | 9,924 | |||||
Inventories_Tables
Inventories (Tables) | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Components of Inventories | ' | ||||||||
Inventories consist of the following as of year-end 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Raw materials | $ | 972 | $ | 475 | |||||
Work-in-process | 2,623 | 2,248 | |||||||
Finished goods | 6,807 | 4,350 | |||||||
Total inventories | $ | 10,402 | $ | 7,073 | |||||
Property_Plant_and_Equipment_N1
Property, Plant and Equipment, Net (Tables) | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Components of Property, Plant and Equipment | ' | ||||||||
Property, plant and equipment, net consist of the following as of year-end 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Land (non-mineral bearing) | $ | 4,605 | $ | 4,605 | |||||
Land (mineral bearing) and asset retirement costs | 16,524 | 15,449 | |||||||
Buildings and improvements | 40,795 | 40,681 | |||||||
Plants, machinery and equipment | 247,681 | 231,454 | |||||||
Mobile equipment and barges | 8,060 | 7,859 | |||||||
Construction in progress | 23,394 | 15,301 | |||||||
Other | 1,845 | 1,373 | |||||||
Property, plant and equipment | 342,904 | 316,722 | |||||||
Less accumulated depreciation, depletion and amortization | (36,700 | ) | (25,056 | ) | |||||
Property, plant and equipment, net | $ | 306,204 | $ | 291,666 | |||||
Accrued_Expenses_Tables
Accrued Expenses (Tables) | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Payables And Accruals [Abstract] | ' | ||||||||
Components of Accrued Expenses and Other Liabilities | ' | ||||||||
Accrued expenses and other liabilities consist of the following as of year-end 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Accrued interest due to Summit Materials | $ | 3,848 | $ | 4,283 | |||||
Accrued interest due to non-controlling interest | 723 | 2,149 | |||||||
Accrued post-retirement benefits other than pensions, current portion | 1,268 | 1,055 | |||||||
Accrued professional fees | 340 | 400 | |||||||
Accrued payroll, insurance and benefits | 758 | 897 | |||||||
Accrued bonus liability | 884 | 1,153 | |||||||
Accrued costs to remove barge from waterway | 880 | 850 | |||||||
Other | 1,296 | 736 | |||||||
Total | $ | 9,997 | $ | 11,523 | |||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | ||||
Dec. 28, 2013 | |||||
Debt Disclosure [Abstract] | ' | ||||
Summary of Future Maturities of Long-Term Debt | ' | ||||
Future maturities of long-term debt due to Summit Materials as of December 28, 2013 are as follows: | |||||
2014 | $ | 1,018 | |||
2015 | 1,018 | ||||
2016 | 1,273 | ||||
2017 | 1,018 | ||||
2018 | 764 | ||||
Thereafter | 150,517 | ||||
Total | $ | 155,608 | |||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||||||||||
Postemployment Benefits [Abstract] | ' | ||||||||||||||||||||||||
Changes in Projected Benefit Obligations Fair Value of Plan Assets and Funded Status of Plan | ' | ||||||||||||||||||||||||
Obligations and Funded Status—The following information is as of year-end 2013 and 2012 and for the years ended December 28, 2013, December 31, 2012 and December 31, 2011: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Pension | Other | Pension | Other | ||||||||||||||||||||||
benefits | benefits | benefits | benefits | ||||||||||||||||||||||
Change in benefit obligations: | |||||||||||||||||||||||||
Beginning of period | $ | 28,674 | $ | 15,810 | $ | 26,514 | $ | 14,467 | |||||||||||||||||
Service cost | 295 | 236 | 276 | 207 | |||||||||||||||||||||
Interest cost | 963 | 513 | 1,055 | 585 | |||||||||||||||||||||
Actuarial (gain) loss | (2,674 | ) | (1,048 | ) | 2,347 | 1,597 | |||||||||||||||||||
Special termination benefits | — | 39 | — | — | |||||||||||||||||||||
Benefits paid | (1,614 | ) | (1,395 | ) | (1,518 | ) | (1,046 | ) | |||||||||||||||||
End of period | 25,644 | 14,155 | 28,674 | 15,810 | |||||||||||||||||||||
Change in fair value of plan assets: | |||||||||||||||||||||||||
Beginning of period | 17,863 | — | 16,639 | — | |||||||||||||||||||||
Actual return on plan assets | 1,512 | — | 1,205 | — | |||||||||||||||||||||
Employer contributions | 1,313 | 1,395 | 1,537 | 1,046 | |||||||||||||||||||||
Benefits paid | (1,614 | ) | (1,395 | ) | (1,518 | ) | (1,046 | ) | |||||||||||||||||
End of period | 19,074 | — | 17,863 | — | |||||||||||||||||||||
Funded status of plans | $ | (6,570 | ) | $ | (14,155 | ) | $ | (10,811 | ) | $ | (15,810 | ) | |||||||||||||
Current liabilities | $ | — | $ | (1,268 | ) | $ | — | $ | (1,055 | ) | |||||||||||||||
Noncurrent liabilities | (6,570 | ) | (12,887 | ) | (10,811 | ) | (14,755 | ) | |||||||||||||||||
Liability recognized | $ | (6,570 | ) | $ | (14,155 | ) | $ | (10,811 | ) | $ | (15,810 | ) | |||||||||||||
Amounts recognized in accumulated other comprehensive income: | |||||||||||||||||||||||||
Net actuarial loss | $ | 4,831 | $ | 4,139 | $ | 8,056 | $ | 5,501 | |||||||||||||||||
Prior service cost | — | (1,346 | ) | — | (1,526 | ) | |||||||||||||||||||
Total amount recognized | $ | 4,831 | $ | 2,793 | $ | 8,056 | $ | 3,975 | |||||||||||||||||
Schedule of Net Periodic Pension Benefit Cost and Other Comprehensive Income | ' | ||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Pension | Other | Pension | Other | Pension | Other | ||||||||||||||||||||
benefits | benefits | benefits | benefits | benefits | benefits | ||||||||||||||||||||
Amounts recognized in other comprehensive (gain) loss: | |||||||||||||||||||||||||
Net actuarial (gain) loss | $ | (2,838 | ) | $ | (1,048 | ) | $ | 2,444 | $ | 1,597 | $ | 4,066 | $ | 3,390 | |||||||||||
Prior service cost | — | 180 | — | — | — | (1,705 | ) | ||||||||||||||||||
Amortization of prior year service cost | — | — | — | 180 | — | — | |||||||||||||||||||
Amortization of (gain) loss | (387 | ) | (314 | ) | (261 | ) | (312 | ) | (5 | ) | (71 | ) | |||||||||||||
Total amount recognized | $ | (3,225 | ) | $ | (1,182 | ) | $ | 2,183 | $ | 1,465 | $ | 4,061 | $ | 1,614 | |||||||||||
Components of net periodic benefit cost: | |||||||||||||||||||||||||
Service cost | $ | 295 | $ | 236 | $ | 276 | $ | 207 | $ | 275 | $ | 227 | |||||||||||||
Interest cost | 963 | 513 | 1,055 | 585 | 1,161 | 710 | |||||||||||||||||||
Amortization of loss | 387 | 314 | 262 | 312 | 5 | 69 | |||||||||||||||||||
Expected return on plan assets | (1,348 | ) | — | (1,301 | ) | (180 | ) | (1,400 | ) | — | |||||||||||||||
Special termination benefits | — | 39 | — | — | — | — | |||||||||||||||||||
Amortization of Prior Service Credit | — | (180 | ) | — | — | — | — | ||||||||||||||||||
Net periodic benefit cost | $ | 297 | $ | 922 | $ | 292 | $ | 924 | $ | 41 | $ | 1,006 | |||||||||||||
Weighted-Average Assumptions Used to Determine Benefit Obligations | ' | ||||||||||||||||||||||||
Assumptions—Weighted-average assumptions used to determine the benefit obligations as of year-end 2013 and 2012 are: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Pension | Other | Pension | Other | ||||||||||||||||||||||
benefits | benefits | benefits | benefits | ||||||||||||||||||||||
Discount rate | 4.21% - 4.46% | 4.33% | 3.30% - 3.57% | 3.41% | |||||||||||||||||||||
Expected long-term rate of return on plan assets | 7.5 | % | N/A | 7.5 | % | N/A | |||||||||||||||||||
Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost | ' | ||||||||||||||||||||||||
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 28, 2013, December 31, 2012 and December 31, 2011: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Pension | Other | Pension | Other | Pension | Other | ||||||||||||||||||||
benefits | benefits | benefits | benefits | benefits | benefits | ||||||||||||||||||||
Discount rate | 3.30% - 3.57% | 3.41% | 3.89% - 4.07% | 4.00% | 4.94% - 5.12.% | 5.07% | |||||||||||||||||||
Expected long-term rate of return on plan assets | 7.5 | % | N/A | 7.5 | % | N/A | 8.5 | % | N/A | ||||||||||||||||
Effects of One Percentage-Point Change in Assumed Health Care Cost Trend Rates | ' | ||||||||||||||||||||||||
A one percentage-point change in assumed health care cost trend rates would have the following effects as of year-end 2013 and 2012: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Increase | Decrease | Increase | Decrease | ||||||||||||||||||||||
Total service cost and interest cost components | $ | 66 | $ | (55 | ) | $ | 73 | $ | (63 | ) | |||||||||||||||
Estimated APBO | 1,251 | (1,073 | ) | 1,555 | (1,331 | ) | |||||||||||||||||||
Fair Value of Company's Pension Plans' Assets | ' | ||||||||||||||||||||||||
The fair value of the Company’s pension plans’ assets by asset class and fair value hierarchy level as of year-end 2013 and 2012 are as follows: | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Total fair | Quoted prices in active | Observable | |||||||||||||||||||||||
value | markets for identical | inputs (Level 2) | |||||||||||||||||||||||
assets (Level 1) | |||||||||||||||||||||||||
Fixed income securities: | |||||||||||||||||||||||||
Intermediate - government | $ | 1,647 | $ | — | $ | 1,647 | |||||||||||||||||||
Intermediate - corporate | 3,138 | — | 3,138 | ||||||||||||||||||||||
Short-term - government | 2,168 | — | 2,168 | ||||||||||||||||||||||
Short-term - corporate | 4,040 | — | 4,040 | ||||||||||||||||||||||
Equity securities: | |||||||||||||||||||||||||
U.S. Large cap value | 1,221 | 1,221 | — | ||||||||||||||||||||||
U.S. Large cap growth | 1,536 | 1,536 | — | ||||||||||||||||||||||
U.S. Mid cap value | 600 | 600 | — | ||||||||||||||||||||||
U.S. Mid cap growth | 603 | 603 | — | ||||||||||||||||||||||
U.S. Small cap value | 610 | 610 | — | ||||||||||||||||||||||
U.S. Small cap growth | 599 | 599 | — | ||||||||||||||||||||||
International | 889 | 889 | — | ||||||||||||||||||||||
Cash | 1,665 | 1,665 | — | ||||||||||||||||||||||
Precious metals | 358 | 358 | — | ||||||||||||||||||||||
Total | $ | 19,074 | $ | 8,081 | $ | 10,993 | |||||||||||||||||||
2012 | |||||||||||||||||||||||||
Total fair | Quoted prices in active | Observable | |||||||||||||||||||||||
value | markets for identical | inputs (Level 2) | |||||||||||||||||||||||
assets (Level 1) | |||||||||||||||||||||||||
Fixed income securities: | |||||||||||||||||||||||||
Intermediate - government | $ | 1,247 | $ | — | $ | 1,247 | |||||||||||||||||||
Intermediate - corporate | 4,402 | — | 4,402 | ||||||||||||||||||||||
Short-term - government | 2,038 | — | 2,038 | ||||||||||||||||||||||
Short-term - corporate | 3,123 | — | 3,123 | ||||||||||||||||||||||
Equity securities: | |||||||||||||||||||||||||
U.S. Large cap value | 1,063 | 1,063 | — | ||||||||||||||||||||||
U.S. Large cap growth | 1,037 | 1,037 | — | ||||||||||||||||||||||
U.S. Mid cap value | 542 | 542 | — | ||||||||||||||||||||||
U.S. Mid cap growth | 536 | 536 | — | ||||||||||||||||||||||
U.S. Small cap value | 546 | 546 | — | ||||||||||||||||||||||
U.S. Small cap growth | 539 | 539 | — | ||||||||||||||||||||||
International | 1,134 | 1,134 | — | ||||||||||||||||||||||
Cash | 1,656 | 1,656 | — | ||||||||||||||||||||||
Total | $ | 17,863 | $ | 7,053 | $ | 10,810 | |||||||||||||||||||
Estimated Benefit Payments | ' | ||||||||||||||||||||||||
The estimated benefit payments for each of the next five years and the five-year period thereafter are as follows: | |||||||||||||||||||||||||
Pension | Other | ||||||||||||||||||||||||
benefits | benefits | ||||||||||||||||||||||||
2014 | $ | 1,694 | $ | 1,269 | |||||||||||||||||||||
2015 | 1,704 | 1,109 | |||||||||||||||||||||||
2016 | 1,739 | 1,130 | |||||||||||||||||||||||
2017 | 1,737 | 963 | |||||||||||||||||||||||
2018 | 1,774 | 1,018 | |||||||||||||||||||||||
2019 - 2023 | 8,667 | 4,512 | |||||||||||||||||||||||
Total | $ | 17,315 | $ | 10,001 | |||||||||||||||||||||
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information (Tables) | 12 Months Ended | ||||||||||||
Dec. 28, 2013 | |||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||||||
Schedule of Supplemental Cash Flow Information | ' | ||||||||||||
Supplemental cash flow information is as follows for the years ended December 28, 2013, December 31, 2012 and December 31, 2011: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Cash paid for interest | $ | 11,488 | $ | 7,353 | $ | 12,946 | |||||||
Non cash financing activities: | |||||||||||||
Proceeds on borrowings due to Summit Materials | $ | — | $ | 156,842 | $ | — | |||||||
Repayment by Summit Materials of long-term debt and accrued interest | — | (156,842 | ) | — |
Leasing_Arrangements_Tables
Leasing Arrangements (Tables) | 12 Months Ended | ||||
Dec. 28, 2013 | |||||
Leases [Abstract] | ' | ||||
Minimum Rental Commitments under Long-Term Operating Leases | ' | ||||
Minimum rental commitments under long-term operating leases as of December 28, 2013, are as follows: | |||||
2014 | $ | 378 | |||
2015 | 341 | ||||
2016 | 325 | ||||
2017 | 291 | ||||
2018 | 291 |
Supplementary_Data_Unaudited_T
Supplementary Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||
Quarterly Supplemental Financial Information | ' | ||||||||||||||||||||||||||||||||
Supplemental financial information (unaudited) by quarter is as follows for the years ended December 28, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
(in thousands) | 4Q | 3Q | 2Q | 1Q | 4Q | 3Q | 2Q | 1Q | |||||||||||||||||||||||||
Revenues | $ | 22,509 | $ | 34,155 | $ | 27,224 | $ | 12,361 | $ | 25,304 | $ | 30,430 | $ | 26,141 | $ | 13,007 | |||||||||||||||||
Operating income (loss) | 9,259 | 10,965 | 9,053 | (8,449 | ) | 7,625 | 7,124 | 9,097 | (4,468 | ) | |||||||||||||||||||||||
Net income (loss) | $ | 6,668 | $ | 8,157 | $ | 6,272 | $ | (11,232 | ) | $ | 4,694 | $ | 3,977 | $ | 5,999 | $ | (8,045 | ) |
Summary_of_Organization_and_Si3
Summary of Organization and Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Organization And Significant Accounting Policies [Line Items] | ' | ' | ' |
Inflation rate | 2.50% | ' | ' |
Value of goodwill | 24,096 | 24,096 | ' |
Number of reporting unit for annual impairment analysis | 1 | ' | ' |
Goodwill impairment charges | 0 | 0 | ' |
Impairment | 0 | 0 | ' |
Continental Cement Company L.L.C [Member] | Sale [Member] | ' | ' | ' |
Organization And Significant Accounting Policies [Line Items] | ' | ' | ' |
Percentage of sale of cement | 16.00% | 13.00% | 14.00% |
Summary_of_Organization_and_Si4
Summary of Organization and Significant Accounting Policies - Estimated Useful Lives of Assets (Detail) | 12 Months Ended |
Dec. 28, 2013 | |
Minimum [Member] | Buildings and Improvements [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives of assets | '30 years |
Minimum [Member] | Plants, Machinery and Equipment [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives of assets | '3 years |
Minimum [Member] | Mobile Equipment and Barges [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives of assets | '3 years |
Minimum [Member] | Other [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives of assets | '3 years |
Maximum [Member] | Buildings and Improvements [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives of assets | '40 years |
Maximum [Member] | Plants, Machinery and Equipment [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives of assets | '40 years |
Maximum [Member] | Mobile Equipment and Barges [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives of assets | '20 years |
Maximum [Member] | Other [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives of assets | '7 years |
Accounts_Receivable_Net_Summar
Accounts Receivable, Net - Summary of Accounts Receivable, Net (Detail) (USD $) | Dec. 28, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Receivables [Abstract] | ' | ' |
Trade accounts receivable from unaffiliated entities | $6,961 | $8,859 |
Trade accounts receivable from related parties | 422 | 1,193 |
Accounts receivable | 7,383 | 10,052 |
Less: allowance for doubtful accounts | -30 | -128 |
Accounts receivable, net | $7,353 | $9,924 |
Inventories_Components_of_Inve
Inventories - Components of Inventories (Detail) (USD $) | Dec. 28, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Inventory Disclosure [Abstract] | ' | ' |
Raw materials | $972 | $475 |
Work-in-process | 2,623 | 2,248 |
Finished goods | 6,807 | 4,350 |
Total inventories | $10,402 | $7,073 |
Property_Plant_and_Equipment_N2
Property, Plant and Equipment, Net - Components of Property, Plant and Equipment (Detail) (USD $) | Dec. 28, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | $342,904 | $316,722 |
Less accumulated depreciation, depletion and amortization | -36,700 | -25,056 |
Property, plant and equipment, net | 306,204 | 291,666 |
Land (Non-Mineral Bearing) [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 4,605 | 4,605 |
Land (Mineral Bearing) and Asset Retirement Costs [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 16,524 | 15,449 |
Buildings and Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 40,795 | 40,681 |
Plants, Machinery and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 247,681 | 231,454 |
Mobile Equipment and Barges [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 8,060 | 7,859 |
Construction in Progress [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 23,394 | 15,301 |
Other [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | $1,845 | $1,373 |
Property_Plant_and_Equipment_N3
Property, Plant and Equipment, Net - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property Plant And Equipment [Abstract] | ' | ' | ' |
Underground mine development costs | $22.90 | $6.60 | ' |
Depreciation and depletion expense | $11.60 | $10.30 | $9.80 |
Accrued_Expenses_Components_of
Accrued Expenses - Components of Accrued Expenses and Other Liabilities (Detail) (USD $) | Dec. 28, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Payables And Accruals [Abstract] | ' | ' |
Accrued interest due to Summit Materials | $3,848 | $4,283 |
Accrued interest due to non-controlling interest | 723 | 2,149 |
Accrued post-retirement benefits other than pensions, current portion | 1,268 | 1,055 |
Accrued professional fees | 340 | 400 |
Accrued payroll, insurance and benefits | 758 | 897 |
Accrued bonus liability | 884 | 1,153 |
Accrued costs to remove barge from waterway | 880 | 850 |
Other | 1,296 | 736 |
Total | $9,997 | $11,523 |
LongTerm_Debt_Additional_Infor
Long-Term Debt - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | ||
Jan. 30, 2012 | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Long Term Debt Maturities Repayments Of Principal [Line Items] | ' | ' | ' | ' |
Debt due to Summit Materials | ' | $155,608,000 | $156,400,000 | ' |
Interest costs incurred | ' | 11,053,000 | 12,622,000 | 14,621,000 |
Refinance of Summit Materials consolidated outstanding indebtedness | 142,700,000 | ' | ' | ' |
Long term debt due to Summit Materials | 156,800,000 | ' | 156,842,000 | ' |
Charge on earnings related to financing fees on debt repaid | ' | 300,000 | ' | ' |
Senior Notes [Member] | ' | ' | ' | ' |
Long Term Debt Maturities Repayments Of Principal [Line Items] | ' | ' | ' | ' |
Long term debt due to Summit Materials | ' | 60,300,000 | ' | ' |
Maturity date | ' | 31-Jan-20 | ' | ' |
Debt instrument, face amount | 250,000,000 | ' | ' | ' |
Interest rate | 10.50% | ' | ' | ' |
Senior Secured Credit Facilities [Member] | ' | ' | ' | ' |
Long Term Debt Maturities Repayments Of Principal [Line Items] | ' | ' | ' | ' |
Long term debt due to Summit Materials | ' | 95,300,000 | ' | ' |
Maturity date | ' | 30-Jan-19 | ' | ' |
Maximum borrowing capacity on credit facility | ' | 422,000,000 | ' | ' |
Senior Secured Credit Facility, Revolver [Member] | ' | ' | ' | ' |
Long Term Debt Maturities Repayments Of Principal [Line Items] | ' | ' | ' | ' |
Interest rate - revolving credit commitments | ' | 3.70% | ' | ' |
Maturity date of debt instrument | ' | 30-Jan-17 | ' | ' |
Debt instrument, face amount | ' | $150,000,000 | ' | ' |
LongTerm_Debt_Summary_of_Futur
Long-Term Debt - Summary of Future Maturities of Long-Term Debt (Detail) (USD $) | Dec. 28, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Disclosure [Abstract] | ' | ' |
2014 | $1,018 | ' |
2015 | 1,018 | ' |
2016 | 1,273 | ' |
2017 | 1,018 | ' |
2018 | 764 | ' |
Thereafter | 150,517 | ' |
Total | $155,608 | $156,400 |
Members_Interest_Additional_In
Members' Interest - Additional Information (Detail) | 12 Months Ended | |
Dec. 28, 2013 | Dec. 31, 2012 | |
Directors | Directors | |
Equity [Line Items] | ' | ' |
Number of directors | 7 | ' |
Directors to be appointed | 4 | 4 |
Directors to be appointed by noncontrolling interest members | 3 | 3 |
Anticipated redemption date | '2016-05 | ' |
Class A Units [Member] | ' | ' |
Equity [Line Items] | ' | ' |
Member's equity, issued | 100 | 100 |
Member's equity, outstanding | 100 | 100 |
Economic interest percentage of classes of capital units | 70.00% | ' |
Interest on capital contributions | 11.00% | ' |
Class B Units [Member] | ' | ' |
Equity [Line Items] | ' | ' |
Member's equity, issued | 100,000,000 | 100,000,000 |
Member's equity, outstanding | 100,000,000 | 100,000,000 |
Economic interest percentage of classes of capital units | 30.00% | ' |
Employee_Benefit_Plan_Addition
Employee Benefit Plan - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Pension_Plan | |||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Company contributions to the plan | $500,000 | $400,000 | $300,000 |
Number of noncontributory defined benefit pension plans | 2 | ' | ' |
Effective date of plan | 1-Jan-14 | ' | ' |
Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined benefit plan fair value of investments | 0 | 0 | ' |
Equity Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Target allocation | 30.00% | ' | ' |
Fixed Income Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Target allocation | 63.00% | ' | ' |
Cash [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Target allocation | 5.00% | ' | ' |
Precious Metals [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Target allocation | 2.00% | ' | ' |
Minimum [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Assumed health care cost trend rates | 7.00% | 7.00% | ' |
Maximum [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Assumed health care cost trend rates | 9.00% | 9.00% | ' |
Pension Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Actuarial loss expected to be amortized from AOCI | 100,000 | ' | ' |
Expected contribution to plans | 1,000,000 | ' | ' |
Other Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Actuarial loss expected to be amortized from AOCI | 200,000 | ' | ' |
Expected contribution to plans | $1,300,000 | ' | ' |
Employee_Benefit_Plans_Changes
Employee Benefit Plans - Changes in Projected Benefit Obligations Fair Value of Plan Assets and Funded Status of Plan (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Pension Benefits [Member] | ' | ' | ' |
Change in benefit obligations: | ' | ' | ' |
Beginning of period | $28,674 | $26,514 | ' |
Service cost | 295 | 276 | 275 |
Interest cost | 963 | 1,055 | 1,161 |
Actuarial (gain) loss | -2,674 | 2,347 | ' |
Benefits paid | -1,614 | -1,518 | ' |
End of period | 25,644 | 28,674 | 26,514 |
Change in fair value of plan assets: | ' | ' | ' |
Fair value of assets at beginning of period | 17,863 | 16,639 | ' |
Actual return on plan assets | 1,512 | 1,205 | ' |
Employer contributions | 1,313 | 1,537 | ' |
Benefits paid | -1,614 | -1,518 | ' |
End of period | 19,074 | 17,863 | 16,639 |
Liability recognized | -6,570 | -10,811 | ' |
Noncurrent liabilities | -6,570 | -10,811 | ' |
Liability recognized | -6,570 | -10,811 | ' |
Amounts recognized in accumulated other comprehensive income: | ' | ' | ' |
Net actuarial loss | 4,831 | 8,056 | ' |
Total amount recognized | 4,831 | 8,056 | ' |
Other Benefits [Member] | ' | ' | ' |
Change in benefit obligations: | ' | ' | ' |
Beginning of period | 15,810 | 14,467 | ' |
Service cost | 236 | 207 | 227 |
Interest cost | 513 | 585 | 710 |
Actuarial (gain) loss | -1,048 | 1,597 | ' |
Special termination benefits | 39 | ' | ' |
Benefits paid | -1,395 | -1,046 | ' |
End of period | 14,155 | 15,810 | 14,467 |
Change in fair value of plan assets: | ' | ' | ' |
Employer contributions | 1,395 | 1,046 | ' |
Benefits paid | -1,395 | -1,046 | ' |
Liability recognized | -14,155 | -15,810 | ' |
Current liabilities | -1,268 | -1,055 | ' |
Noncurrent liabilities | -12,887 | -14,755 | ' |
Liability recognized | -14,155 | -15,810 | ' |
Amounts recognized in accumulated other comprehensive income: | ' | ' | ' |
Net actuarial loss | 4,139 | 5,501 | ' |
Prior service cost | -1,346 | -1,526 | ' |
Total amount recognized | $2,793 | $3,975 | ' |
Employee_Benefit_Plans_Schedul
Employee Benefit Plans - Schedule of Net Periodic Pension Benefit Cost and Other Comprehensive Income (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Amounts recognized in other comprehensive (gain) loss: | ' | ' | ' |
Total amount recognized | ($4,407) | $3,648 | $5,675 |
Pension Benefits [Member] | ' | ' | ' |
Amounts recognized in other comprehensive (gain) loss: | ' | ' | ' |
Net actuarial (gain) loss | -2,838 | 2,444 | 4,066 |
Amortization of (gain) loss | -387 | -261 | -5 |
Total amount recognized | -3,225 | 2,183 | 4,061 |
Components of net periodic benefit cost: | ' | ' | ' |
Service cost | 295 | 276 | 275 |
Interest cost | 963 | 1,055 | 1,161 |
Amortization of loss | 387 | 262 | 5 |
Expected return on plan assets | -1,348 | -1,301 | -1,400 |
Net periodic benefit cost | 297 | 292 | 41 |
Other Benefits [Member] | ' | ' | ' |
Amounts recognized in other comprehensive (gain) loss: | ' | ' | ' |
Net actuarial (gain) loss | -1,048 | 1,597 | 3,390 |
Prior service cost | 180 | ' | -1,705 |
Amortization of prior year service cost | ' | 180 | ' |
Amortization of (gain) loss | -314 | -312 | -71 |
Total amount recognized | -1,182 | 1,465 | 1,614 |
Components of net periodic benefit cost: | ' | ' | ' |
Service cost | 236 | 207 | 227 |
Interest cost | 513 | 585 | 710 |
Amortization of loss | 314 | 312 | 69 |
Expected return on plan assets | ' | -180 | ' |
Special termination benefits | 39 | ' | ' |
Amortization of Prior Service Credit | -180 | ' | ' |
Net periodic benefit cost | $922 | $924 | $1,006 |
Employee_Benefit_Plans_Weighte
Employee Benefit Plans - Weighted-Average Assumptions Used to Determine Benefit Obligations (Detail) | Dec. 28, 2013 | Dec. 31, 2012 |
Pension Benefits [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Expected long-term rate of return on plan assets | 7.50% | 7.50% |
Pension Benefits [Member] | Minimum [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Discount rate | 4.21% | 3.30% |
Pension Benefits [Member] | Maximum [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Discount rate | 4.46% | 3.57% |
Other Benefits [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Discount rate | 4.33% | 3.41% |
Employee_Benefit_Plans_Weighte1
Employee Benefit Plans - Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost (Detail) | 12 Months Ended | ||
Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Pension Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Expected long-term rate of return on plan assets | 7.50% | 7.50% | 8.50% |
Pension Benefits [Member] | Minimum [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Discount rate | 3.30% | 3.89% | 4.94% |
Pension Benefits [Member] | Maximum [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Discount rate | 3.57% | 4.07% | 5.12% |
Other Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Discount rate | 3.41% | 4.00% | 5.07% |
Employee_Benefit_Plans_Effects
Employee Benefit Plans - Effects of One Percentage-Point Change in Assumed Health Care Cost Trend Rates (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 31, 2012 |
Compensation And Retirement Disclosure [Abstract] | ' | ' |
Total service cost and interest cost components | $66 | $73 |
Estimated APBO | 1,251 | 1,555 |
Total service cost and interest cost components | -55 | -63 |
Estimated APBO | ($1,073) | ($1,331) |
Employee_Benefit_Plans_Fair_Va
Employee Benefit Plans - Fair Value of Company's Pension Plans' Assets (Detail) (Pension Benefits [Member], USD $) | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | $19,074 | $17,863 | $16,639 |
Fixed Income Securities [Member] | Intermediate - Government [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 1,647 | 1,247 | ' |
Fixed Income Securities [Member] | Intermediate - Corporate [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 3,138 | 4,402 | ' |
Fixed Income Securities [Member] | Short-Term - Government [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 2,168 | 2,038 | ' |
Fixed Income Securities [Member] | Short-Term - Corporate [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 4,040 | 3,123 | ' |
Equity Securities [Member] | U.S. Large Cap Value [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 1,221 | 1,063 | ' |
Equity Securities [Member] | U.S. Large Cap Growth [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 1,536 | 1,037 | ' |
Equity Securities [Member] | U.S. Mid Cap Value [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 600 | 542 | ' |
Equity Securities [Member] | U.S. Mid Cap Growth [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 603 | 536 | ' |
Equity Securities [Member] | U.S. Small Cap Value [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 610 | 546 | ' |
Equity Securities [Member] | U.S. Small Cap Growth [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 599 | 539 | ' |
Equity Securities [Member] | International [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 889 | 1,134 | ' |
Cash [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 1,665 | 1,656 | ' |
Precious Metals [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 358 | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 8,081 | 7,053 | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member] | U.S. Large Cap Value [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 1,221 | 1,063 | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member] | U.S. Large Cap Growth [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 1,536 | 1,037 | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member] | U.S. Mid Cap Value [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 600 | 542 | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member] | U.S. Mid Cap Growth [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 603 | 536 | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member] | U.S. Small Cap Value [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 610 | 546 | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member] | U.S. Small Cap Growth [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 599 | 539 | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member] | International [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 889 | 1,134 | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Cash [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 1,665 | 1,656 | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Precious Metals [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 358 | ' | ' |
Observable Inputs (Level 2) [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 10,993 | 10,810 | ' |
Observable Inputs (Level 2) [Member] | Fixed Income Securities [Member] | Intermediate - Government [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 1,647 | 1,247 | ' |
Observable Inputs (Level 2) [Member] | Fixed Income Securities [Member] | Intermediate - Corporate [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 3,138 | 4,402 | ' |
Observable Inputs (Level 2) [Member] | Fixed Income Securities [Member] | Short-Term - Government [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | 2,168 | 2,038 | ' |
Observable Inputs (Level 2) [Member] | Fixed Income Securities [Member] | Short-Term - Corporate [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total fair value | $4,040 | $3,123 | ' |
Employee_Benefit_Plans_Estimat
Employee Benefit Plans - Estimated Benefit Payments (Detail) (USD $) | Dec. 28, 2013 |
In Thousands, unless otherwise specified | |
Pension Benefits [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
2014 | $1,694 |
2015 | 1,704 |
2016 | 1,739 |
2017 | 1,737 |
2018 | 1,774 |
2019 - 2023 | 8,667 |
Total | 17,315 |
Other Benefits [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
2014 | 1,269 |
2015 | 1,109 |
2016 | 1,130 |
2017 | 963 |
2018 | 1,018 |
2019 - 2023 | 4,512 |
Total | $10,001 |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 31, 2012 |
Sunken Barge [Member] | Sunken Barge [Member] | ||
Commitment And Contingencies [Line Items] | ' | ' | ' |
Accrued costs to remove barge | ' | $0.90 | $0.90 |
Terms of purchase commitments | 'Less than one year | ' | ' |
Percentage of company's employees under collective bargaining arrangements | 62.00% | ' | ' |
Collective bargaining agreements expire period | 'Between 2013 and 2015 | ' | ' |
Contract expiration date | '2013 | ' | ' |
Contract term extension | '2018 | ' | ' |
RelatedParty_Transactions_Addi
Related-Party Transactions - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Related Party Transaction [Line Items] | ' | ' | ' |
Accrued interest due to non-controlling interest | $723,000 | $2,149,000 | ' |
Sales to related parties | 16,578,000 | 16,303,000 | 12,269,000 |
Accounts receivables due from related parties | 422,000 | 1,193,000 | ' |
Summit Materials [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Sales to related parties | 4,500,000 | 3,800,000 | 2,800,000 |
Accounts receivables due from related parties | 200,000 | 200,000 | ' |
Green America Recycling, L.L.C. [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Sales to related parties | ' | ' | 700,000 |
Non-controlling [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Purchased equipment | ' | ' | 2,300,000 |
Accrued interest due to non-controlling interest | 700,000 | 2,100,000 | ' |
Sales to related parties | 12,700,000 | 12,500,000 | 9,500,000 |
Accounts receivables due from related parties | $200,000 | $1,000,000 | ' |
Supplemental_Cash_Flow_Informa2
Supplemental Cash Flow Information - Schedule of Supplemental Cash Flow Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 30, 2012 | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Supplemental Cash Flow Elements [Abstract] | ' | ' | ' | ' |
Cash paid for interest | ' | $11,488 | $7,353 | $12,946 |
Non cash financing activities: | ' | ' | ' | ' |
Proceeds on borrowings due to Summit Materials | 156,800 | ' | 156,842 | ' |
Repayment by Summit Materials of long-term debt and accrued interest | ' | ' | ($156,842) | ' |
Leasing_Arrangements_Additiona
Leasing Arrangements - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Leases [Abstract] | ' | ' | ' |
Rent expense, including short-term rentals | $0.40 | $0.50 | $0.40 |
Leasing_Arrangements_Minimum_R
Leasing Arrangements - Minimum Rental Commitments under Long-Term Operating Leases (Detail) (USD $) | Dec. 28, 2013 |
In Thousands, unless otherwise specified | |
Leases [Abstract] | ' |
2014 | $378 |
2015 | 341 |
2016 | 325 |
2017 | 291 |
2018 | $291 |
Supplementary_Data_Quarterly_S
Supplementary Data - Quarterly Supplemental Financial Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Sep. 28, 2013 | Jun. 29, 2013 | Mar. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $22,509 | $34,155 | $27,224 | $12,361 | $25,304 | $30,430 | $26,141 | $13,007 | $96,249 | $94,882 | $79,488 |
Operating income (loss) | 9,259 | 10,965 | 9,053 | -8,449 | 7,625 | 7,124 | 9,097 | -4,468 | 20,828 | 19,378 | 17,022 |
Net income (loss) | $6,668 | $8,157 | $6,272 | ($11,232) | $4,694 | $3,977 | $5,999 | ($8,045) | $9,865 | $6,625 | $2,462 |
Subsequent_Events_Additional_I
Subsequent Events - Additional Information (Detail) (USD $) | Dec. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Jan. 17, 2014 |
10.5 % Senior Notes Due 2020 [Member] | Subsequent Event [Member] | |||
10.5 % Senior Notes Due 2020 [Member] | ||||
Subsequent Event [Line Items] | ' | ' | ' | ' |
Interest rate of senior notes | ' | ' | ' | 10.50% |
Maturity date | ' | ' | 31-Jan-20 | ' |
Aggregate principal amount pursuant to an indenture governing, issued | $155,608,000 | $156,400,000 | ' | $250,000,000 |
Increase in principal amount of notes issued | ' | ' | ' | 260,000,000 |
Aggregate principal amount issued | ' | ' | ' | $510,000,000 |