Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | ||
Mar. 29, 2014 | 12-May-14 | 12-May-14 | |
Common Class A [Member] | Common Class B [Member] | ||
Document Information [Line Items] | ' | ' | ' |
Document Type | '10-Q | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 29-Mar-14 | ' | ' |
Document Fiscal Year Focus | '2014 | ' | ' |
Document Fiscal Period Focus | 'Q1 | ' | ' |
Entity Registrant Name | 'Continental Cement Company, L.L.C. | ' | ' |
Entity Central Index Key | '0001571274 | ' | ' |
Current Fiscal Year End Date | '--12-27 | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 100 | 100,000,000 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 29, 2014 | Dec. 28, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash | $5 | $9 |
Accounts receivable, net | 8,049 | 7,353 |
Due from Affiliates | ' | 2,990 |
Inventories | 14,529 | 10,402 |
Other current assets | 402 | 482 |
Total current assets | 22,985 | 21,236 |
Property, plant and equipment, less accumulated depreciation, and depletion (March 29, 2014 - $39,716 and December 28, 2013 - $36,700) | 311,606 | 306,204 |
Goodwill | 24,096 | 24,096 |
Other assets | 12,330 | 12,576 |
Total assets | 371,017 | 364,112 |
Current liabilities: | ' | ' |
Current portion of long-term debt due to Summit Materials | 1,018 | 1,018 |
Accounts payable | 13,230 | 10,165 |
Accrued expenses | 6,403 | 9,997 |
Due to Summit Materials | 17,422 | ' |
Total current liabilities | 38,073 | 21,180 |
Long-term debt due to Summit Materials | 154,336 | 154,590 |
Pension and post-retirement benefit obligations | 17,020 | 19,457 |
Other noncurrent liabilities | 872 | 850 |
Total liabilities | 210,301 | 196,077 |
Commitments and contingencies (see note 6) | ' | ' |
Redeemable members' interest (100,000,000 Class B units issued and authorized) | 23,600 | 23,450 |
Member's interest: | ' | ' |
Member's equity (100 Class A units issued and authorized) | 135,196 | 135,180 |
Retained earnings | 8,726 | 17,029 |
Accumulated other comprehensive loss | -6,806 | -7,624 |
Total member's interest | 137,116 | 144,585 |
Total liabilities, redeemable members' interest and member's interest | $371,017 | $364,112 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Mar. 29, 2014 | Dec. 28, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Accumulated depreciation and depletion | $39,716 | $36,700 |
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 (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013 |
Revenue from third parties: | ' | ' |
Product | $5,555 | $7,863 |
Service | 2,921 | 2,450 |
Revenue from related parties: | ' | ' |
Product | 2,152 | 2,048 |
Total revenue | 10,628 | 12,361 |
Cost of revenue (excluding items shown separately below): | ' | ' |
Product | 8,402 | 12,338 |
Service | 2,500 | 2,167 |
Total cost of revenue | 10,902 | 14,505 |
General and administrative expenses | 1,816 | 3,534 |
Depreciation, depletion, amortization and accretion | 3,201 | 2,771 |
Operating loss | -5,291 | -8,449 |
Other income, net | -5 | -59 |
Interest expense | 2,867 | 2,842 |
Net loss | ($8,153) | ($11,232) |
Unaudited_Consolidated_Stateme
Unaudited Consolidated Statements of Comprehensive Loss (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' |
Net loss | ($8,153) | ($11,232) |
Other comprehensive (loss) income: | ' | ' |
Postretirement curtailment adjustment | -1,346 | ' |
Postretirement liability adjustment | 2,164 | ' |
Other comprehensive income | 818 | ' |
Comprehensive loss | ($7,335) | ($11,232) |
Unaudited_Consolidated_Stateme1
Unaudited Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Net loss | ($8,153) | ($11,232) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' |
Depreciation, depletion, amortization and accretion | 3,201 | 2,771 |
Other | 50 | 80 |
(Increase) decrease in operating assets: | ' | ' |
Accounts receivable | -766 | 3,465 |
Inventories | -4,127 | -2,116 |
Other current assets | 80 | 149 |
Other assets | 208 | 903 |
Increase (decrease) in operating liabilities: | ' | ' |
Accounts payable | 1,002 | 951 |
Accrued expenses | -3,565 | -4,357 |
Other liabilities | -1,619 | -490 |
Net cash used in operating activities | -13,689 | -9,876 |
Cash flows from investing activities: | ' | ' |
Purchase of property, plant and equipment | -6,492 | -6,400 |
Other | 48 | ' |
Net cash used in investing activities | -6,444 | -6,400 |
Cash flows from financing activities: | ' | ' |
Principal payments on long-term debt | -255 | -483 |
Book overdraft | -28 | 1,341 |
Net borrowings from Summit Materials | 20,412 | 14,927 |
Net cash provided by financing activities | 20,129 | 15,785 |
Net decrease in cash | -4 | -491 |
Cash - beginning of period | 9 | 599 |
Cash - end of period | 5 | 108 |
Supplemental disclosures of cash flow information | ' | ' |
Cash interest paid during the period | $4,520 | $3,311 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Redeemable Members' Interest and Member's Interest (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013 |
Beginning balance, Redeemable members' interest | $23,450 | $22,850 |
Accretion of redeemable members' interest, Redeemable members' interest | 150 | 150 |
Net loss, Redeemable members' interest | ' | ' |
Share-based compensation, Redeemable members' interest | ' | ' |
Ending balance, Redeemable members' interest | 23,600 | 23,000 |
Beginning balance | 144,585 | 130,851 |
Accretion of redeemable members' interest | -150 | -150 |
Net loss | -8,153 | -11,232 |
Other comprehensive income | 818 | ' |
Share-based compensation | 16 | 16 |
Ending balance | 137,116 | 119,485 |
Member's Equity [Member] | ' | ' |
Beginning balance | 135,180 | 135,118 |
Accretion of redeemable members' interest | ' | ' |
Net loss | ' | ' |
Other comprehensive income | ' | ' |
Share-based compensation | 16 | 16 |
Ending balance | 135,196 | 135,134 |
Retained Earnings [Member] | ' | ' |
Beginning balance | 17,029 | 7,764 |
Accretion of redeemable members' interest | -150 | -150 |
Net loss | -8,153 | -11,232 |
Other comprehensive income | ' | ' |
Share-based compensation | ' | ' |
Ending balance | 8,726 | -3,618 |
Accumulated Other Comprehensive (Loss) Income [Member] | ' | ' |
Beginning balance | -7,624 | -12,031 |
Accretion of redeemable members' interest | ' | ' |
Net loss | ' | ' |
Other comprehensive income | 818 | ' |
Share-based compensation | ' | ' |
Ending balance | ($6,806) | ($12,031) |
Summary_of_Organization_and_Si
Summary of Organization and Significant Accounting Policies | 3 Months Ended | |
Mar. 29, 2014 | ||
Accounting Policies [Abstract] | ' | |
Summary of Organization and Significant Accounting Policies | ' | |
-1 | Summary of Organization and Significant Accounting Policies | |
Continental Cement Company, L.L.C. (“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 Continental Cement, is engaged in the business of securing, processing and blending hazardous and nonhazardous waste materials primarily for use as supplemental fuels in the cement manufacturing process. GAR’s primary customers are commercial transportation disposal facilities and petroleum and chemical manufacturers located in the continental United States. Continental Cement and GAR collectively are referred to as the “Company.” | ||
Continental Cement, a Delaware limited liability company, is governed by the amended and restated limited liability company agreement, as amended (the “LLC Agreement”). As such, liability of its members is generally limited to the amount of their net investment in Continental Cement. Continental Cement is an indirect non-wholly owned subsidiary of Summit Materials, LLC (“Summit Materials”). | ||
Basis of Presentation – These unaudited consolidated financial statements were prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto as of and for the year ended December 28, 2013. The Company continues to follow the accounting policies set forth in those consolidated financial statements. | ||
Management believes that these consolidated interim financial statements include all adjustments, normal and recurring in nature, that are necessary to present fairly the financial position of the Company as of March 29, 2014 and the results of operations and cash flows for the three month periods ended March 29, 2014 and March 30, 2013. | ||
In 2013, the Company changed its fiscal year from a calendar year to a 52 week year with each quarter composed of 13 weeks ending on a Saturday, consistent with that of Summit Materials. The Company’s quarter ended March 29, 2014 included a full 13 weeks, or 91 days, of results compared to the quarter ended March 30, 2013, which included 89 days. The impact of this change to the Company’s financial position and results of operations is immaterial. | ||
Substantially all of the Company’s products are consumed outdoors, primarily in the spring, summer and fall. Seasonal changes and other weather-related conditions can affect the sales volumes of its products. Therefore, the financial results for any interim period are not necessarily indicative of the results expected for the full year. Furthermore, the Company’s sales and earnings are sensitive to national, regional and local economic conditions and to cyclical changes in construction spending. | ||
Principles of Consolidation – The consolidated financial statements of the Company include the accounts of Continental Cement and GAR. All significant intercompany balances and transactions have been eliminated. | ||
Use of Estimates – The consolidated financial statements have been prepared in conformity with GAAP, which require management to make estimates and assumptions. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported and disclosures about contingent assets and liabilities. Such estimates include the valuation of accounts receivable, inventories, goodwill, intangible and other long-lived assets, pension and other postretirement obligations, asset retirement obligations and redeemable members’ interest. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Management adjusts such estimates and assumptions when circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from estimates made. Changes in estimates, including those resulting from continuing changes in the economic environment, will be reflected in the Company’s consolidated financial statements for the period in which the change in estimate occurs. | ||
Business and Credit Concentrations – The majority of the Company’s customers are located in Missouri, Iowa and Illinois. The Company’s accounts receivable consist primarily of accounts of ready-mixed concrete and concrete products producers and contractors located within these states. Collection of these accounts is, therefore, dependent on the economic conditions of the area. However, credit granted within the Company’s trade area has been granted to many customers and management does not believe that there are any significant concentrations of credit with respect to individual customers or groups of customers. | ||
Approximately 21% and 16% of cement sales were with companies owned by a noncontrolling member of Continental Cement during the three month periods ended March 29, 2014 and March 30, 2013, respectively. The Company has historically had no collection issues with the noncontrolling member and management expects full collection on all outstanding accounts receivable due from the noncontrolling member. |
Accounts_Receivable_net
Accounts Receivable, net | 3 Months Ended | ||||||||
Mar. 29, 2014 | |||||||||
Receivables [Abstract] | ' | ||||||||
Accounts Receivable, net | ' | ||||||||
-2 | Accounts Receivable, net | ||||||||
Accounts receivable, net consists of the following as of March 29, 2014 and December 28, 2013: | |||||||||
March 29, 2014 | December 28, 2013 | ||||||||
Trade accounts receivable from unaffiliated entities | $ | 6,562 | $ | 6,961 | |||||
Trade accounts receivable from related parties | 1,587 | 422 | |||||||
Accounts receivable | 8,149 | 7,383 | |||||||
Less: allowance for doubtful accounts | (100 | ) | (30 | ) | |||||
Accounts receivable, net | $ | 8,049 | $ | 7,353 | |||||
Inventories
Inventories | 3 Months Ended | ||||||||
Mar. 29, 2014 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventories | ' | ||||||||
-3 | Inventories | ||||||||
Inventories consist of the following as of March 29, 2014 and December 28, 2013: | |||||||||
March 29, 2014 | December 28, 2013 | ||||||||
Raw materials | $ | 829 | $ | 972 | |||||
Work-in-process | 4,880 | 2,623 | |||||||
Finished goods | 8,820 | 6,807 | |||||||
Total inventories | $ | 14,529 | $ | 10,402 | |||||
Accrued_Expenses
Accrued Expenses | 3 Months Ended | ||||||||
Mar. 29, 2014 | |||||||||
Payables And Accruals [Abstract] | ' | ||||||||
Accrued Expenses | ' | ||||||||
-4 | Accrued Expenses | ||||||||
Accrued expenses consist of the following as of March 29, 2014 and December 28, 2013: | |||||||||
March 29, 2014 | December 28, 2013 | ||||||||
Accrued interest due to Summit Materials | $ | 2,195 | $ | 3,848 | |||||
Accrued interest due to non-controlling member | — | 723 | |||||||
Accrued post-retirement benefits other than pensions, current portion | 1,268 | 1,268 | |||||||
Accrued professional fees | 289 | 340 | |||||||
Accrued payroll, insurance and benefits | 573 | 758 | |||||||
Accrued bonus liability | 280 | 884 | |||||||
Accrued costs to remove barge from waterway | 464 | 880 | |||||||
Other | 1,334 | 1,296 | |||||||
Total | $ | 6,403 | $ | 9,997 | |||||
LongTerm_Debt
Long-Term Debt | 3 Months Ended | |
Mar. 29, 2014 | ||
Debt Disclosure [Abstract] | ' | |
Long-Term Debt | ' | |
-5 | Long-Term Debt | |
Long-term debt due to Summit Materials, including the current portion of long-term debt, was $155.4 million and $155.6 million as of March 29, 2014 and December 28, 2013, respectively. Interest costs incurred were $2.8 million and $2.7 million for the three month periods ended March 29, 2014 and March 30, 2013, respectively. The interest rate in effect at March 29, 2014 was 3.7%. | ||
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 is named as a guarantor of Summit Materials’ debt, for which Continental Cement pledged substantially all of its assets as collateral. Continental Cement provides a joint and several, full and unconditional guarantee of borrowings under Summit Materials’ senior secured credit facility (“Credit Facility”). As of March 29, 2014 and December 28, 2013, Summit Materials’ debt included $510 million and $250 million, respectively, of senior notes due January 31, 2020 (“Senior Notes”) and borrowings under the Credit Facility composed of $422.0 million in term loans that mature January 30, 2019 and a $150.0 million revolving credit facility that matures January 30, 2017. | ||
Summit Materials is and has been current on all required principal and interest payments. As of March 29, 2014, approximately $95.0 million and $60.3 million of the Company’s long-term debt due to Summit Materials represent the amount of Summit Materials’ debt that has been allocated to the Company under the Credit Facility and Senior Notes, respectively, compared to $95.3 million and $60.3 million, respectively, as of December 28, 2013. |
Commitments_and_Contingencies
Commitments and Contingencies | 3 Months Ended | |
Mar. 29, 2014 | ||
Commitments And Contingencies Disclosure [Abstract] | ' | |
Commitments and Contingencies | ' | |
-6 | Commitments and Contingencies | |
The Company is party to certain legal actions arising from the ordinary course of business activities. Accruals are recorded when the outcome is probable and can be reasonably estimated in accordance with applicable accounting requirements. While the ultimate results of claims and litigation cannot be predicted with certainty, management expects that the ultimate resolution of all pending or threatened claims and litigation as of March 29, 2014 will not have a material effect on the Company’s consolidated results of operations, financial position or liquidity. The Company’s policy is to record legal fees as incurred. | ||
Litigation and Claims – In February 2011, the Company incurred a property loss related to a sunken barge with cement product aboard. During the three month periods March 30, 2013, the Company recognized a $1.8 million charge for costs expected to be incurred to remove the barge from the waterway. As of March 29, 2014 and December 28, 2013, $0.5 million and $0.9 million, respectively, was included in accrued expenses as management’s best estimate of the remaining costs to remove the barge. | ||
Environmental Remediation – The Company’s cement production, mining operations and waste processing 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. The Company 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 the Company’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 the Company’s financial position, results of operations or liquidity in the future. | ||
Other – The Company is obligated under various firm purchase commitments for certain raw materials and services that are in the ordinary course of business. The terms of the purchase commitments are generally less than one year. Management does not expect any significant changes in the market value of these goods and services during the commitment period that would have a material adverse effect on the financial position, results of operations or liquidity of the Company. | ||
As of March 29, 2014 and December 28, 2013 approximately 61% and 62%, respectively, 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 was successfully renegotiated and ratified in December 2013 and is expected to be finalized in the first half of 2014 with a term that will extend through 2018. |
RelatedParty_Transactions
Related-Party Transactions | 3 Months Ended | |
Mar. 29, 2014 | ||
Related Party Transactions [Abstract] | ' | |
Related-Party Transactions | ' | |
-7 | Related Party Transactions | |
As of December 28, 2013, the Company had accrued interest payments of $0.7 million due to a certain noncontrolling member for a related party note, which was paid in the first quarter of 2014. The principal balance on the note was repaid in January 2012. | ||
Cement sales to companies owned by a certain noncontrolling member of Continental Cement were approximately $1.7 million and $1.6 million for the three month periods ended March 29, 2014 and March 30, 2013, respectively, and accounts receivables due from these parties were approximately $1.3 million and $0.2 million as of March 29, 2014 and December 28, 2013, respectively. | ||
Cement sales to other companies owned by Summit Materials were approximately $0.5 million for both of the three month periods ended March 29, 2014 and March 30, 2013. Accounts receivables due from these parties were approximately $0.3 million and $0.2 million as of March 29, 2014 and December 28, 2013, respectively. |
Summary_of_Organization_and_Si1
Summary of Organization and Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 29, 2014 | |
Accounting Policies [Abstract] | ' |
Business Activities and Organization | ' |
Continental Cement Company, L.L.C. (“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 Continental Cement, is engaged in the business of securing, processing and blending hazardous and nonhazardous waste materials primarily for use as supplemental fuels in the cement manufacturing process. GAR’s primary customers are commercial transportation disposal facilities and petroleum and chemical manufacturers located in the continental United States. Continental Cement and GAR collectively are referred to as the “Company.” | |
Continental Cement, a Delaware limited liability company, is governed by the amended and restated limited liability company agreement, as amended (the “LLC Agreement”). As such, liability of its members is generally limited to the amount of their net investment in Continental Cement. Continental Cement is an indirect non-wholly owned subsidiary of Summit Materials, LLC (“Summit Materials”). | |
Basis of Presentation | ' |
Basis of Presentation – These unaudited consolidated financial statements were prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto as of and for the year ended December 28, 2013. The Company continues to follow the accounting policies set forth in those consolidated financial statements. | |
Management believes that these consolidated interim financial statements include all adjustments, normal and recurring in nature, that are necessary to present fairly the financial position of the Company as of March 29, 2014 and the results of operations and cash flows for the three month periods ended March 29, 2014 and March 30, 2013. | |
In 2013, the Company changed its fiscal year from a calendar year to a 52 week year with each quarter composed of 13 weeks ending on a Saturday, consistent with that of Summit Materials. The Company’s quarter ended March 29, 2014 included a full 13 weeks, or 91 days, of results compared to the quarter ended March 30, 2013, which included 89 days. The impact of this change to the Company’s financial position and results of operations is immaterial. | |
Substantially all of the Company’s products are consumed outdoors, primarily in the spring, summer and fall. Seasonal changes and other weather-related conditions can affect the sales volumes of its products. Therefore, the financial results for any interim period are not necessarily indicative of the results expected for the full year. Furthermore, the Company’s sales and earnings are sensitive to national, regional and local economic conditions and to cyclical changes in construction spending. | |
Principles of Consolidation | ' |
Principles of Consolidation – The consolidated financial statements of the Company include the accounts of Continental Cement and GAR. All significant intercompany balances and transactions have been eliminated. | |
Use of Estimates | ' |
Use of Estimates – The consolidated financial statements have been prepared in conformity with GAAP, which require management to make estimates and assumptions. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported and disclosures about contingent assets and liabilities. Such estimates include the valuation of accounts receivable, inventories, goodwill, intangible and other long-lived assets, pension and other postretirement obligations, asset retirement obligations and redeemable members’ interest. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Management adjusts such estimates and assumptions when circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from estimates made. Changes in estimates, including those resulting from continuing changes in the economic environment, will be reflected in the Company’s consolidated financial statements for the period in which the change in estimate occurs. | |
Business and Credit Concentrations | ' |
Business and Credit Concentrations – The majority of the Company’s customers are located in Missouri, Iowa and Illinois. The Company’s accounts receivable consist primarily of accounts of ready-mixed concrete and concrete products producers and contractors located within these states. Collection of these accounts is, therefore, dependent on the economic conditions of the area. However, credit granted within the Company’s trade area has been granted to many customers and management does not believe that there are any significant concentrations of credit with respect to individual customers or groups of customers. | |
Approximately 21% and 16% of cement sales were with companies owned by a noncontrolling member of Continental Cement during the three month periods ended March 29, 2014 and March 30, 2013, respectively. The Company has historically had no collection issues with the noncontrolling member and management expects full collection on all outstanding accounts receivable due from the noncontrolling member. |
Accounts_Receivable_net_Tables
Accounts Receivable, net (Tables) | 3 Months Ended | ||||||||
Mar. 29, 2014 | |||||||||
Receivables [Abstract] | ' | ||||||||
Summary of Accounts Receivable, Net | ' | ||||||||
Accounts receivable, net consists of the following as of March 29, 2014 and December 28, 2013: | |||||||||
March 29, 2014 | December 28, 2013 | ||||||||
Trade accounts receivable from unaffiliated entities | $ | 6,562 | $ | 6,961 | |||||
Trade accounts receivable from related parties | 1,587 | 422 | |||||||
Accounts receivable | 8,149 | 7,383 | |||||||
Less: allowance for doubtful accounts | (100 | ) | (30 | ) | |||||
Accounts receivable, net | $ | 8,049 | $ | 7,353 | |||||
Inventories_Tables
Inventories (Tables) | 3 Months Ended | ||||||||
Mar. 29, 2014 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Components of Inventories | ' | ||||||||
Inventories consist of the following as of March 29, 2014 and December 28, 2013: | |||||||||
March 29, 2014 | December 28, 2013 | ||||||||
Raw materials | $ | 829 | $ | 972 | |||||
Work-in-process | 4,880 | 2,623 | |||||||
Finished goods | 8,820 | 6,807 | |||||||
Total inventories | $ | 14,529 | $ | 10,402 | |||||
Accrued_Expenses_Tables
Accrued Expenses (Tables) | 3 Months Ended | ||||||||
Mar. 29, 2014 | |||||||||
Payables And Accruals [Abstract] | ' | ||||||||
Components of Accrued Expenses and Other Liabilities | ' | ||||||||
Accrued expenses consist of the following as of March 29, 2014 and December 28, 2013: | |||||||||
March 29, 2014 | December 28, 2013 | ||||||||
Accrued interest due to Summit Materials | $ | 2,195 | $ | 3,848 | |||||
Accrued interest due to non-controlling member | — | 723 | |||||||
Accrued post-retirement benefits other than pensions, current portion | 1,268 | 1,268 | |||||||
Accrued professional fees | 289 | 340 | |||||||
Accrued payroll, insurance and benefits | 573 | 758 | |||||||
Accrued bonus liability | 280 | 884 | |||||||
Accrued costs to remove barge from waterway | 464 | 880 | |||||||
Other | 1,334 | 1,296 | |||||||
Total | $ | 6,403 | $ | 9,997 | |||||
Summary_of_Organization_and_Si2
Summary of Organization and Significant Accounting Policies - Additional Information (Detail) (Continental Cement Company L.L.C [Member], Sale [Member]) | 3 Months Ended | |
Mar. 29, 2014 | Mar. 30, 2013 | |
Continental Cement Company L.L.C [Member] | Sale [Member] | ' | ' |
Organization And Significant Accounting Policies [Line Items] | ' | ' |
Percentage of sale of cement | 21.00% | 16.00% |
Accounts_Receivable_Net_Summar
Accounts Receivable, Net - Summary of Accounts Receivable, Net (Detail) (USD $) | Mar. 29, 2014 | Dec. 28, 2013 |
In Thousands, unless otherwise specified | ||
Receivables [Abstract] | ' | ' |
Trade accounts receivable from unaffiliated entities | $6,562 | $6,961 |
Trade accounts receivable from related parties | 1,587 | 422 |
Accounts receivable | 8,149 | 7,383 |
Less: allowance for doubtful accounts | -100 | -30 |
Accounts receivable, net | $8,049 | $7,353 |
Inventories_Components_of_Inve
Inventories - Components of Inventories (Detail) (USD $) | Mar. 29, 2014 | Dec. 28, 2013 |
In Thousands, unless otherwise specified | ||
Inventory Disclosure [Abstract] | ' | ' |
Raw materials | $829 | $972 |
Work-in-process | 4,880 | 2,623 |
Finished goods | 8,820 | 6,807 |
Total inventories | $14,529 | $10,402 |
Accrued_Expenses_Components_of
Accrued Expenses - Components of Accrued Expenses (Detail) (USD $) | Mar. 29, 2014 | Dec. 28, 2013 |
In Thousands, unless otherwise specified | ||
Payables And Accruals [Abstract] | ' | ' |
Accrued interest due to Summit Materials | $2,195 | $3,848 |
Accrued interest due to non-controlling member | ' | 723 |
Accrued post-retirement benefits other than pensions, current portion | 1,268 | 1,268 |
Accrued professional fees | 289 | 340 |
Accrued payroll, insurance and benefits | 573 | 758 |
Accrued bonus liability | 280 | 884 |
Accrued costs to remove barge from waterway | 464 | 880 |
Other | 1,334 | 1,296 |
Total | $6,403 | $9,997 |
LongTerm_Debt_Additional_Infor
Long-Term Debt - Additional Information (Detail) (USD $) | 3 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | ||
In Millions, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013 | Dec. 28, 2013 | Mar. 29, 2014 | Dec. 28, 2013 | Mar. 29, 2014 | Dec. 28, 2013 | Mar. 29, 2014 |
Senior Notes [Member] | Senior Notes [Member] | Senior Secured Credit Facilities [Member] | Senior Secured Credit Facilities [Member] | Senior Secured Credit Facility, Revolver [Member] | ||||
Long Term Debt Maturities Repayments Of Principal [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Debt due to Summit Materials | $155.40 | ' | $155.60 | ' | ' | ' | ' | ' |
Interest costs on debt | 2.8 | 2.7 | ' | ' | ' | ' | ' | ' |
Interest rate on borrowings | ' | ' | ' | ' | ' | ' | ' | 3.70% |
Debt instrument, face amount | ' | ' | ' | 510 | 250 | ' | ' | 150 |
Maturity date | ' | ' | ' | 31-Jan-20 | ' | 30-Jan-19 | ' | ' |
Maximum borrowing capacity on credit facility | ' | ' | ' | ' | ' | 422 | ' | ' |
Maturity date of debt instrument | ' | ' | ' | ' | ' | ' | ' | 30-Jan-17 |
Long term debt due to Summit Materials | ' | ' | ' | $60.30 | $60.30 | $95 | $95.30 | ' |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | 3 Months Ended | 3 Months Ended | |||
In Millions, unless otherwise specified | Mar. 29, 2014 | Dec. 28, 2013 | Mar. 30, 2013 | Mar. 29, 2014 | Dec. 28, 2013 |
Sunken Barge [Member] | Sunken Barge [Member] | Sunken Barge [Member] | |||
Commitment And Contingencies [Line Items] | ' | ' | ' | ' | ' |
Charges for lost product | ' | ' | $1.80 | ' | ' |
Accrued costs to remove barge | ' | ' | ' | $0.50 | $0.90 |
Terms of purchase commitments | 'Less than one year | ' | ' | ' | ' |
Percentage of company's employees under collective bargaining arrangements | 61.00% | 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 $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 29, 2014 | Mar. 30, 2013 | Dec. 28, 2013 |
Related Party Transaction [Line Items] | ' | ' | ' |
Accrued interest due to non-controlling interest | ' | ' | $723 |
Sales to related parties | 2,152 | 2,048 | ' |
Accounts receivables due from related parties | 1,587 | ' | 422 |
Non-controlling [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Accrued interest due to non-controlling interest | ' | ' | 700 |
Sales to related parties | 1,700 | 1,600 | ' |
Accounts receivables due from related parties | 1,300 | ' | 200 |
Summit Materials [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Sales to related parties | 500 | 500 | ' |
Accounts receivables due from related parties | $300 | ' | $200 |