Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

v3.8.0.1
Interim Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2017
Oct. 02, 2016
Oct. 01, 2017
Oct. 02, 2016
Revenue $ 34,417 $ 42,683 $ 100,590 $ 128,218
Cost of sales (note 10) 31,443 39,049 92,639 116,615
Gross profit 2,974 3,634 7,951 11,603
Selling, general and administrative expenses 2,952 3,493 10,824 10,406
Impairment of property, plant and equipment (note 4) 1,601
Gain on disposal of property, plant and equipment (60) (20) (60) (25)
Restructuring charges (note 11) 326 1,677 176
Operating earnings (loss) (244) 161 (6,091) 1,046
Interest expense (note 4) 229 164 625 598
Earnings (loss) before income taxes (473) (3) (6,716) 448
Income tax expense (recovery) (note 7):        
Current 173 97 468 200
Deferred (95) (81) (243) (96)
78 16 225 104
Net earnings (loss) and comprehensive income (loss) $ (551) $ (19) $ (6,941) $ 344
Earnings (loss) per share of common stock:        
Basic (in dollars per share) $ (0.03) $ 0 $ (0.41) $ 0.02
Diluted (in dollars per share) $ (0.03) $ 0 $ (0.41) $ 0.02
Weighted average number of shares outstanding (note 8):        
Basic (in shares) 16,824,538 16,510,180 16,764,257 16,502,081
Diluted (in shares) 16,824,538 16,510,180 16,764,257 17,550,155