| Summary of Financial Data for Company's Reportable Business Segments |
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. |
|
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. |
|