| Supplementary Information: | ||||||||
| Reconciliation of Net Debt | ||||||||
| (Unaudited) | ||||||||
| (Expressed in thousands of U.S. dollars) | January 3, 2021 | December 29, 2019 | ||||||
| Revolver | $ | 34,694 | $ | 34,701 | ||||
| Long-term debt | 37,188 | 38,750 | ||||||
| Discount (long-term debt) | (3,758 | ) | (3,750 | ) | ||||
| Finance lease obligations1 | 11,737 | 10,064 | ||||||
| Operating lease obligations2 | 8,180 | 3,743 | ||||||
| Total Debt | $ | 88,041 | $ | 83,508 | ||||
| Cash | $ | (600 | ) | $ | (1,368 | ) | ||
| Net Debt | $ | 87,441 | $ | 82,140 | ||||
| 1Capital lease obligations includes $1.4 million for new lease effective September 2020 and $1.7 million for new lease effective December 2020 | ||||||||
| 2Operating lease obligations includes $4.9 million for new lease for Fremont facility effective July 2020 and Vandell office effective Nov 2020 | ||||||||
Investor Relations Contact
Peter Seltzberg
Managing Director
Darrow Associates, Inc.
516-419-9915
pseltzberg@darrowir.com
