| Condensed Financial Statements [Text Block] |
| 4.
|
Interim Consolidated financial statement details
|
The following consolidated financial statement details are presented as of the period ended for the consolidated balance sheets and for the periods ended for each of the consolidated statements of operations and comprehensive income (loss).
Consolidated Balance Sheets
Accounts receivable – net:
| |
|
June 28, 2015
|
|
|
December 28, 2014
|
|
| Accounts receivable
|
|
$ |
31,614 |
|
|
$ |
31,354 |
|
| Allowance for doubtful accounts
|
|
|
(263 |
) |
|
|
(330 |
) |
| Accounts receivable—net
|
|
$ |
31,351 |
|
|
$ |
31,024 |
|
Inventories:
| |
|
June 28, 2015
|
|
|
December 28, 2014
|
|
| Raw materials
|
|
$ |
25,659 |
|
|
$ |
25,973 |
|
| Work in process
|
|
|
5,387 |
|
|
|
2,099 |
|
| Finished goods
|
|
|
2,248 |
|
|
|
2,743 |
|
| Parts
|
|
|
822 |
|
|
|
775 |
|
| Inventories
|
|
$ |
34,116 |
|
|
$ |
31,590 |
|
Inventories are recorded net of a provision for obsolescence as at June 28, 2015 and December 28, 2014 of $607 and $475 respectively.
Property, plant and equipment – net:
| |
|
June 28, 2015
|
|
|
December 28,
2014
|
|
| Cost (a):
|
|
|
|
|
|
|
|
|
| Land
|
|
$ |
1,648 |
|
|
$ |
1,648 |
|
| Buildings
|
|
|
9,853 |
|
|
|
9,878 |
|
| Machinery and equipment (b)
|
|
|
30,016 |
|
|
|
31,592 |
|
| Office furniture and equipment
|
|
|
582 |
|
|
|
1,690 |
|
| Computer hardware and software (c)
|
|
|
3,048 |
|
|
|
5,930 |
|
| Leasehold improvements (d)
|
|
|
2,962 |
|
|
|
2,456 |
|
| |
|
|
48,109 |
|
|
|
53,194 |
|
| Less accumulated depreciation (a):
|
|
|
|
|
|
|
|
|
| Land
|
|
|
— |
|
|
|
— |
|
| Buildings
|
|
|
(7,487 |
) |
|
|
(7,275 |
) |
| Machinery and equipment (b)
|
|
|
(19,138 |
) |
|
|
(20,545 |
) |
| Office furniture and equipment
|
|
|
(463 |
) |
|
|
(1,513 |
) |
| Computer hardware and software (c)
|
|
|
(1,945 |
) |
|
|
(4,774 |
) |
| Leasehold improvements (d)
|
|
|
(2,041 |
) |
|
|
(1,497 |
) |
| |
|
|
(31,074 |
) |
|
|
(35,604 |
) |
| Property, plant and equipment—net
|
|
$ |
17,035 |
|
|
$ |
17,590 |
|
| (a)
|
During the quarter ended June 28, 2015, the Company wrote off fully depreciated assets that were no longer in use with a cost and accumulated depreciation value of $6,522.
|
| (b)
|
Included within machinery and equipment were assets under capital leases with costs of $3,153 and $3,495 as at June 28, 2015, and December 28, 2014, respectively and associated accumulated depreciation of $988 and $916 as of June 28, 2015 and December 28, 2014, respectively. The related depreciation expense for the three months ended June 28, 2015 and June 29, 2014 were $124 and $169, respectively. The related depreciation expense for the six months ended June 28, 2015 and June 29, 2014 was $237 and $341, respectively.
|
| (c)
|
Included within computer hardware and software were assets under capital leases with costs of $119 and $524 as at June 28, 2015 and December 28, 2014, respectively and associated accumulated depreciation of $67 and $350 as at June 28, 2015, and December 28, 2014, respectively. The related depreciation expense for the three months ended June 28, 2015 and June 29, 2014 was $19 and $44, respectively. The related depreciation for the six months ended June 28, 2015 and June 29, 2014 was $29 and $84, respectively.
|
| (d)
|
Included within leasehold improvements were assets under capital leases with costs of $nil as at June 28, 2015 and $73 as at December 28, 2014, and associated accumulated depreciation of $nil and $42 as at June 28, 2015, and December 28, 2014, respectively. The related depreciation expense for the three and six months ended June 28, 2015 was $2. The related depreciation expense for the three and six months ended June 29, 2014 was $3 and $7, respectively.
|
Accrued liabilities:
| |
|
June 28, 2015
|
|
|
December 28, 2014
|
|
| Customer related
|
|
$ |
3,561 |
|
|
$ |
2,074 |
|
| Payroll
|
|
|
2,990 |
|
|
|
4,014 |
|
| Professional services
|
|
|
286 |
|
|
|
395 |
|
| Vendor related
|
|
|
368 |
|
|
|
29 |
|
| Other
|
|
|
258 |
|
|
|
568 |
|
| Accrued liabilities
|
|
$ |
7,463 |
|
|
$ |
7,080 |
|
Interim consolidated statements of operations and comprehensive income (loss)
Interest expense:
| |
|
Three months ended
|
|
|
Six months ended
|
|
| |
|
June 28, 2015
|
|
|
June 29, 2014
|
|
|
June 28, 2015
|
|
|
June 29, 2014
|
|
| Revolving credit facility
|
|
|
270 |
|
|
|
289 |
|
|
$ |
530 |
|
|
|
552 |
|
| Amortization of deferred financing fees
|
|
|
7 |
|
|
|
136 |
|
|
|
15 |
|
|
|
240 |
|
| Obligations under capital leases
|
|
|
27 |
|
|
|
48 |
|
|
|
69 |
|
|
|
75 |
|
| Interest expense
|
|
$ |
304 |
|
|
$ |
473 |
|
|
$ |
614 |
|
|
$ |
867 |
|
|