Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Balance Sheets (Current Period Unaudited)

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Interim Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Apr. 03, 2016
Jan. 03, 2016
Current assets:    
Cash $ 2,076,000 $ 6,099,000
Restricted cash 695,000 805,000
Accounts receivable — net (note 3) 26,751,000 29,885,000
Inventories (note 3) 25,420,000 25,877,000
Prepaid expenses and other assets 1,960,000 1,983,000
Derivative assets (note 9) 67,000 0
Income taxes receivable 337,000 461,000
Deferred income taxes — net 398,000 352,000
57,704,000 65,462,000
Property, plant and equipment—net 16,012,000 16,443,000
Deferred financing costs — net 59,000 68,000
73,775,000 81,973,000
Current liabilities:    
Accounts payable 25,453,000 31,045,000
Accrued liabilities (note 3) 4,361,000 5,562,000
Derivative liabilities (note 9) 1,108,000 2,087,000
Income tax payable 341,000 502,000
Revolving credit facility (note 4) 9,773,000 10,721,000
Current portion of long-term debt (note 4) 1,000,000 1,000,000
Current portion of capital lease obligations 548,000 538,000
42,584,000 51,455,000
Long-term debt (note 4) 3,750,000 4,000,000
Capital lease obligations 82,000 222,000
Shareholders’ equity:    
Capital stock (note 5) 391,000 391,000
Additional paid-in capital 264,601,000 264,505,000
Deficit (237,633,000) (238,600,000)
27,359,000 26,296,000
$ 73,775,000 $ 81,973,000