Annual report pursuant to Section 13 and 15(d)

Consolidated Financial Statement Details (Tables)

v3.20.4
Consolidated Financial Statement Details (Tables)
12 Months Ended
Jan. 03, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]  
Consolidated Balance Sheets

 

 

 

January 3,

2021

 

 

December 29,

2019

 

Trade accounts receivable

 

$

70,248

 

 

$

71,113

 

Other receivables

 

 

1,836

 

 

 

1,098

 

Allowance for doubtful accounts

 

 

(2,457

)

 

 

(2,292

)

Accounts receivable—net

 

$

69,627

 

 

$

69,919

 

 

 

 

 

 

January 3,

2021

 

 

December 29,

2019

 

Opening

 

$

26,271

 

 

$

20,405

 

Contract assets additions

 

 

368,142

 

 

 

358,043

 

Contract assets invoiced

 

 

(355,077

)

 

 

(352,177

)

Ending

 

$

39,336

 

 

$

26,271

 

 

 

 

 

January 3,

2021

 

 

December 29,

2019

 

Raw materials

 

$

50,793

 

 

$

48,067

 

Parts and other

 

 

482

 

 

 

586

 

Provision for obsolescence (1)

 

 

(1,476

)

 

 

(827

)

Inventories

 

$

49,799

 

 

$

47,826

 

 

 

(1)

The increase in the provision for obsolescence primarily pertains to customers serviced out of the Zacatecas facility. These have been provisioned and included with the restructuring charges for the planned closure of the facility. Refer to note 14 for further details.

 

 

 

January 3,

2021

 

 

December 29,

2019

 

Cost:

 

 

 

 

 

 

 

 

Land

 

$

1,648

 

 

$

1,648

 

Buildings (b)

 

 

19,828

 

 

 

18,985

 

Machinery and equipment (a) (e)

 

 

44,996

 

 

 

42,732

 

Office furniture and equipment (c) (e)

 

 

949

 

 

 

1,005

 

Computer hardware and software (d)(e)

 

 

4,056

 

 

 

3,979

 

Leasehold improvements (e)

 

 

4,387

 

 

 

4,265

 

 

 

 

75,864

 

 

 

72,614

 

Less accumulated depreciation and impairment:

 

 

 

 

 

 

 

 

Land

 

 

 

 

 

 

Buildings (b)

 

 

(11,498

)

 

 

(10,392

)

Machinery and equipment (a) (e)

 

 

(34,182

)

 

 

(31,192

)

Office furniture and equipment (c) (e)

 

 

(455

)

 

 

(546

)

Computer hardware and software (d) (e)

 

 

(3,270

)

 

 

(3,289

)

Leasehold improvements (e)

 

 

(2,154

)

 

 

(1,885

)

 

 

 

(51,559

)

 

 

(47,304

)

Property, plant and equipment—net

 

$

24,305

 

 

$

25,310

 

 

 

(a)

Included within machinery and equipment were assets under finance leases with costs of $4,852 as of January 3, 2021 and $2,275 as of December 29, 2019 and associated accumulated depreciation of $1,693 and $974 as of January 3, 2021 and December 29, 2019, respectively. The related depreciation expense for the year ended January 3, 2021 and December 29, 2019 was $719 and $565, respectively.

 

(b)

Included within buildings were assets under finance leases with costs of $9,684 and $9,082 and associated accumulated depreciation of $1,707 and $900 as of January 3, 2021 and December 29, 2019, respectively. The related depreciation expense for the year ended January 3, 2021 and December 29, 2019 was $807 and $804, respectively.

 

(c)

Included within office furniture and equipment were assets under finance leases with costs of $343 and $307 and associated accumulated depreciation of $118 and $52 as of January 3, 2021 and December 29, 2019, respectively. The related depreciation expense for the year ended January 3, 2021 and December 29, 2019 was $66 and $46, respectively.

 

(d)

Included within computer hardware were assets under finance leases with costs of $91 and $91 and associated accumulated depreciation of $81 and $51 as of January 3, 2021 and December 29, 2019, respectively. The related depreciation expense for the year ended January 3, 2021 and December 29, 2019was $30 and $31, respectively.

(e)  Property, plant and equipment with cost of $1,884 and accumulated amortization of $1,872 was written off in 2020.  Included in restructuring charges for 2020 were write down charges of $61 associated with property, plant and equipment with a cost of $101 and accumulated amortization of $40 with no future benefit related to the Zacatecas manufacturing facility (refer to note 14).

 

 

 

January 3,

2021

 

 

December 29,

2019

 

Cost:

 

 

 

 

 

 

 

 

Customer relationships

 

$

12,350

 

 

$

12,350

 

Order backlog

 

 

6,990

 

 

 

6,990

 

Trade name

 

 

1,300

 

 

 

1,300

 

Non-compete agreements

 

 

360

 

 

 

360

 

 

 

 

21,000

 

 

 

21,000

 

Less accumulated amortization:

 

 

 

 

 

 

 

 

Customer relationships

 

 

(2,649

)

 

 

(1,414

)

Order backlog

 

 

(6,990

)

 

 

(5,333

)

Trade name

 

 

(1,300

)

 

 

(1,300

)

Non-compete agreements

 

 

(360

)

 

 

(206

)

 

 

 

(11,299

)

 

 

(8,253

)

Intangible assets—net

 

$

9,701

 

 

$

12,747

 

 

 

 

 

January 3,

2021

 

 

December 29,

2019

 

U.S.

 

$

2,910

 

 

$

3,824

 

Mexico

 

 

6,791

 

 

 

8,923

 

Total

 

$

9,701

 

 

$

12,747

 

 

 

 

 

January 3,

2021

 

 

December 29,

2019

 

U.S.

 

$

5,449

 

 

$

5,449

 

Mexico

 

 

12,716

 

 

 

12,716

 

Total

 

$

18,165

 

 

$

18,165

 

 

 

 

 

January 3,

2021

 

 

December 29,

2019

 

Payroll

 

$

8,084

 

 

$

5,504

 

Customer related

 

 

6,177

 

 

 

2,185

 

Deferred revenue

 

 

4,152

 

 

 

 

Professional services

 

 

1,284

 

 

 

612

 

Vendor related

 

 

904

 

 

 

1,742

 

Interest

 

 

426

 

 

 

483

 

Other

 

 

919

 

 

 

638

 

Total

 

$

21,946

 

 

$

11,164

 

 

Finite-lived Intangible Assets Amortization Expense

 

2021

 

 

1,235

 

2022

 

 

1,235

 

2023

 

 

1,235

 

2024

 

 

1,235

 

2025

 

 

1,235

 

2025 and thereafter

 

 

3,526

 

Total amortization

 

$

9,701

 

 

 

Consolidated Statements of Operations and Comprehensive Loss

 

 

 

Year ended

January 3,

2021

 

 

Year ended

December 29,

2019

 

 

Year ended

December 30,

2018

 

Long-term debt

 

$

4,160

 

 

$

5,672

 

 

$

1,440

 

Revolving credit facility

 

 

1,827

 

 

 

2,455

 

 

 

1,173

 

Amortization of deferred financing costs

 

 

231

 

 

 

176

 

 

 

58

 

Amortization of debt issuance costs

 

 

974

 

 

 

1,416

 

 

 

136

 

Obligations under finance lease

 

 

815

 

 

 

843

 

 

 

206

 

Other

 

 

42

 

 

 

 

 

 

104

 

Interest expense -net

 

$

8,049

 

 

$

10,562

 

 

$

3,117