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 ($)
$ in Thousands
Apr. 02, 2017
Jan. 01, 2017
Current assets:    
Cash $ 4,263 $ 8,503
Accounts receivable — net (note 4) 24,371 22,624
Inventories (note 4) 22,803 20,674
Prepaid expenses and other assets 2,537 2,453
Derivative assets (note 10) 49
Income taxes receivable 17 17
54,040 54,271
Property, plant and equipment — net (note 4) 13,759 14,437
Deferred income taxes - net 360 226
Deferred financing costs — net 65 70
68,224 69,004
Current liabilities:    
Revolving credit facility (note 5) 5,475 2,731
Accounts payable 21,401 23,078
Accrued liabilities (note 4) 4,997 4,604
Derivative liabilities (note 10) 33 1,256
Income tax payable 30 190
Current portion of long-term debt (note 5) 2,000 2,000
Current portion of capital lease obligations 249 389
34,185 34,248
Long-term debt (note 5) 7,500 8,000
Capital lease obligations 226 269
Shareholders’ equity:    
Capital stock (note 6) 394 391
Additional paid-in capital 265,128 264,928
Deficit (239,209) (238,832)
26,313 26,487
$ 68,224 $ 69,004