| Consolidated Statements of Operations and Comprehensive Income (Loss) | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three months ended | Nine months ended | ||||||||||||||
| (Expressed in thousands of U.S. dollars, except number of shares and per share amounts) |
September 27,
2020 |
September 29,
2019 |
September 27,
2020 |
September 29,
2019 | |||||||||||
| Revenue | $ | 99,547 | $ | 88,682 | $ | 285,091 | $ | 282,267 | |||||||
| Cost of sales | 88,445 | 79,776 | 253,664 | 255,740 | |||||||||||
| Gross profit | 11,102 | 8,906 | 31,427 | 26,527 | |||||||||||
| Selling, general and administrative expenses | 6,710 | 6,549 | 21,036 | 19,908 | |||||||||||
| Gain on contingent consideration | - | - | - | (3,050 | ) | ||||||||||
| Restructuring charges | 871 | 6,454 | 525 | 8,624 | |||||||||||
| Operating earnings | 3,521 | (4,097 | ) | 9,866 | 1,045 | ||||||||||
| Fair value loss (gain) on warrant liability | 133 | (858 | ) | 15 | (919 | ) | |||||||||
| Interest expense | 1,941 | 2,679 | 6,021 | 8,349 | |||||||||||
| Net income (loss) before income taxes | 1,447 | (5,918 | ) | 3,830 | (6,385 | ) | |||||||||
| Income tax expense (recovery) | |||||||||||||||
| Current | 286 | (103 | ) | 872 | 592 | ||||||||||
| Deferred | (82 | ) | (81 | ) | (15 | ) | 14 | ||||||||
| 204 | (184 | ) | 857 | 606 | |||||||||||
| Net income (loss) and comprehensive income (loss) | $ | 1,243 | $ | (5,734 | ) | $ | 2,973 | $ | (6,991 | ) | |||||
| Basic income (loss) per share | $ | 0.04 | $ | (0.20 | ) | $ | 0.11 | $ | (0.28 | ) | |||||
| Diluted income (loss) per share | $ | 0.04 | $ | (0.20 | ) | $ | 0.10 | $ | (0.28 | ) | |||||
| Weighted average number of shares outstanding | |||||||||||||||
| Basic | 28,214,800 | 28,057,763 | 28,207,943 | 24,954,875 | |||||||||||
| Diluted | 29,636,319 | 28,057,763 | 29,629,462 | 24,954,875 | |||||||||||
