Summary of Organization and Significant Accounting Policies (Tables)
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3 Months Ended |
12 Months Ended |
Mar. 28, 2015 |
Dec. 27, 2014 |
| Accounting Policies [Abstract] |
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| Estimated Useful Lives of Assets |
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The estimated useful lives are generally as follows:
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Buildings and improvements
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7—40 years |
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Plant, machinery and equipment
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20—40 years |
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Mobile equipment and barges
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15—20 years |
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Office equipment
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3—6
years |
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Truck and auto fleet
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5—10
years |
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Landfill airspace and improvements
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5—60
years |
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Other
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2—10 years |
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| Intangible Assets by Type and in Total |
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The following table shows intangible assets by type and in
total:
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December 27, 2014 |
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December 28, 2013 |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Leases
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$ |
10,357 |
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|
$ |
(2,031 |
) |
|
$ |
8,326 |
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$ |
10,430 |
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$ |
(1,604 |
) |
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$ |
8,826 |
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Reserve rights
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9,094 |
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(540 |
) |
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8,554 |
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5,890 |
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(221 |
) |
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5,669 |
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Trade names
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1,020 |
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(470 |
) |
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550 |
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1,020 |
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(368 |
) |
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652 |
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Other
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249 |
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(32 |
) |
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217 |
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— |
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— |
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— |
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Total intangible assets
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$ |
20,720 |
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$ |
(3,073 |
) |
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$ |
17,647 |
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$ |
17,340 |
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$ |
(2,193 |
) |
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$ |
15,147 |
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| Estimated Amortization Expense for Intangible Assets |
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The estimated amortization expense for intangible assets for each
of the next five years and thereafter is as follows:
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2015
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$ |
3,105 |
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2016
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1,675 |
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2017
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|
956 |
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2018
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|
956 |
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2019
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|
956 |
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Thereafter
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9,999 |
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Total
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$ |
17,647 |
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| Assets and Liabilities Measured at Fair Value |
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Assets and liabilities measured at fair value in the consolidated
balance sheets as of December 27, 2014 and December 28,
2013 are as follows:
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2014 |
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2013 |
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Accrued expenses:
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Current portion of contingent consideration
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$ |
2,375 |
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$ |
— |
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Acquisition- related liabilities
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Contingent consideration
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$ |
5,379 |
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$ |
1,908 |
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| Schedule of Contingent Consideration Obligations Measured at Fair Value |
Contingent consideration as of March 28, 2015 and
December 27, 2014 was:
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March 28, |
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December 27, |
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2015 |
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2014 |
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Current portion of acquisition-related liabilities:
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Current portion of contingent consideration
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$ |
3,775 |
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$ |
2,375 |
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Acquisition-related liabilities:
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Contingent consideration
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$ |
4,187 |
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$ |
5,379 |
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| Schedule of Carrying Value and Fair Value of Financial Instruments |
The carrying value and fair value of these financial instruments as
of March 28, 2015 and December 27, 2014 was:
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March 28, 2015 |
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December 27, 2014 |
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Fair Value |
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Carrying Value |
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Fair Value |
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Carrying Value |
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Level 2
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Long-term debt(1)
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1,105,240 |
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1,062,693 |
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1,101,873 |
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1,064,917 |
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Level 3
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Current portion of deferred consideration and noncompete
obligations(2)
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21,076 |
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21,076 |
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16,027 |
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16,027 |
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Long term portion of deferred consideration and noncompete
obligations(3)
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40,058 |
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40,058 |
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37,357 |
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37,357 |
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(1) |
$5.3 million included in current
portion of debt as of March 28, 2015 and December 27,
2014. |
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(2) |
Included in current portion of
acquisition-related liabilities on the balance sheet. |
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(3) |
Included in acquisition-related
liabilities on the balance sheet. |
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