11.	SEGMENT INFORMATION

The Company has three operating segments, which are its reportable segments: the West; Central; and East regions. These segments are consistent with the Company’s management reporting structure. Each region’s operations consist of various activities related to the production, distribution and sale of construction materials, products and the provision of paving and related services. Assets employed by segment include assets directly identified with those operations. Corporate assets consist primarily of cash, property, plant and equipment for corporate operations and other assets not directly identifiable with a reportable business segment. The accounting policies applicable to each segment are consistent with those used in preparing the consolidated financial statements. The following tables display selected financial data for the Company’s reportable segments:

 

		Three months ended
		March 28,				March 29,
		2015				2014
Revenue:
West region		$	127,674			$	94,894
Central region			56,609				47,542
East region			9,704				8,655
Total revenue		$	193,987			$	151,091

		Three months ended
		March 28,				March 29,
		2015				2014
Adjusted EBITDA
West region		$	11,869			$	1,791
Central region			710				(423	)
East region			(7,867	)			(9,338	)
Corporate and other			(9,687	)			(7,499	)
Total reportable segments and corporate			(4,975	)			(15,469	)
Interest expense			24,109				18,819
Depreciation, depletion, amortization and accretion			26,126				19,356
Initial public offering costs			28,296				—
Loss on debt financings			799				—
Loss from continuing operations before taxes		$	(84,305	)		$	(53,644	)
		Three months ended
		March 28,				March 29,
		2015				2014
Cash paid for capital expenditures:
West region		$	5,419			$	4,138
Central region			8,624				12,401
East region			2,774				2,245
Total reportable segments			16,817				18,784
Corporate and other			891				1,157
Total capital expenditures		$	17,708			$	19,941
		Three months ended
		March 28,				March 29,
		2015				2014
Depreciation, depletion, amortization and accretion:
West region		$	12,088			$	6,747
Central region			10,072				8,847
East region			3,477				3,457
Total reportable segments			25,637				19,051
Corporate and other			489				305
Total depreciation, depletion, amortization and accretion		$	26,126			$	19,356

		March 28,				December 27,
		2015				2014
Total assets:
West region		$	760,881			$	777,981
Central region			704,314				704,134
East region			219,607				221,598
Total reportable segments			1,684,802				1,703,713
Corporate and other			333,452				26,064
Total		$	2,018,254			$	1,729,777
		Three months ended
		March 28,				March 29,
		2015				2014
Revenue by product:*
Aggregates		$	52,337			$	31,550
Cement			11,819				7,707
Ready-mixed concrete			70,088				42,380
Asphalt			20,914				24,396
Paving and related services			43,899				55,857
Other			(5,070	)			(10,799	)
Total revenue		$	193,987			$	151,091

 

*

Revenue by product includes intercompany and intracompany sales transferred at market value. The elimination of intracompany transactions is included in Other. Revenue from the liquid asphalt terminals is included in asphalt revenue.

(21) Segment Information

The Company has three operating segments: the Central; West; and East regions, which are its reportable segments. These segments are consistent with the Company’s management reporting structure. The operating results of each segment are regularly reviewed and evaluated by the Chief Executive Officer, the Company’s Chief Operating Decision Maker (“CODM”). The CODM primarily evaluates the performance of its segments and allocates resources to them based on a segment profit metric that we call Adjusted EBITDA, which is computed as earnings from continuing operations before interest, taxes, depreciation, depletion, amortization, accretion and goodwill impairment. In addition, certain items such as management fees are excluded from the calculation of segment profit.

Each region has several acquired subsidiaries that are engaged in various activities including quarry mining, aggregate production and contracting. Assets employed by segment include assets directly identified with those operations. Corporate assets consist primarily of cash, property, plant and equipment for corporate operations and other assets not directly identifiable with a reportable business segment. The accounting policies applicable to each segment are consistent with those used in the consolidated financial statements.

 

The following tables display selected financial data for the Company’s reportable business segments as of and for the years ended December 27, 2013, December 28, 2013 and December 29, 2012:

 

		2014				2013				2012
Revenue:
West region		$	665,716			$	426,195			$	484,922
Central region			391,553				329,621				302,113
East region			146,962				160,385				139,219
Total revenue		$	1,204,231			$	916,201			$	926,254

 

		2014				2013				2012
Adjusted EBITDA
West region		$	96,133			$	28,607			$	14,429
Central region			83,912				72,918				65,767
East region			17,955				15,134				10,782
Corporate and other			(36,768	)			(24,878	)			(15,560	)
Total reportable segments and corporate			161,232				91,781				75,418
Interest expense			86,742				56,443				58,079
Depreciation, depletion, amortization and accretion			87,826				72,934				68,290
Goodwill impairment			—				68,202				—
Loss from continuing operations before taxes		$	(13,336	)		$	(105,798	)		$	(50,951	)

 

		2014				2013				2012
Cash paid for capital expenditures:
West region		$	31,968			$	21,856			$	14,993
Central region			32,114				33,030				20,996
East region			7,547				7,753				8,736
Total reportable segments			71,629				62,639				44,725
Corporate and other			4,533				3,360				763
Total capital expenditures		$	76,162			$	65,999			$	45,488

 

		2014				2013				2012
Depreciation, depletion, amortization and accretion:
West region		$	33,271			$	24,167			$	23,771
Central region			38,793				33,808				30,215
East region			14,294				14,493				14,223
Total reportable segments			86,358				72,468				68,209
Corporate and other			1,468				466				81
Total depreciation, depletion, amortization and accretion		$	87,826			$	72,934			$	68,290

 

		2014				2013				2012
Total assets:
West region		$	777,981			$	383,544			$	428,115
Central region			704,134				657,421				610,003
East region			221,598				192,486				224,603
Total reportable segments			1,703,713				1,233,451				1,262,721
Corporate and other			26,064				17,609				21,758
Total		$	1,729,777			$	1,251,060			$	1,284,479

 

		2014				2013				2012
Revenue by product:*
Aggregates		$	229,047			$	159,019			$	146,991
Cement			89,911				76,211				77,676
Ready-mixed concrete			274,970				112,878				100,941
Asphalt			278,867				219,811				242,458
Paving and related services			528,817				478,280				505,189
Other			(197,381	)			(129,998	)			(147,001	)
Total revenue		$	1,204,231			$	916,201			$	926,254

 

*	Revenue by product includes intracompany sales transferred at market value. The elimination of intracompany transactions is included in Other.