v3.19.3
Interim Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 29, 2019
Dec. 30, 2018
Current assets:    
Cash $ 601,000 $ 1,601,000
Accounts receivable — net (note 4) 61,208,000 72,986,000
Unbilled contract assets (note 4) 26,790,000 20,405,000
Inventories (note 4) 49,535,000 53,203,000
Prepaid expenses and other assets 6,658,000 5,548,000
Derivative assets (note 11) 15,000
Income taxes receivable 358,000 160,000
Total current assets 145,150,000 153,918,000
Property, plant and equipment — net (note 4) [1] 26,348,000 28,160,000
Operating lease right of use assets — net (notes 2 and 6) 3,887,000
Goodwill (note 4) 18,165,000 18,165,000
Intangible assets — net (note 4) 14,403,000 19,935,000
Deferred income taxes — net 366,000 380,000
Deferred financing costs — net 899,000 668,000
Total assets 209,218,000 221,226,000
Current liabilities:    
Revolving credit facility (note 5) 34,840,000 25,020,000
Accounts payable 67,082,000 76,893,000
Accrued liabilities (note 4) 13,387,000 13,040,000
Warrant liability (note 5) 1,090,000 2,009,000
Restructuring liability (note 12) 2,736,000
Contingent consideration (note 4) 3,050,000
Income taxes payable 94,000 12,000
Current portion of long-term debt (note 5) 1,250,000 1,368,000
Current portion of operating lease obligations (notes 2 and 6) 1,483,000
Current portion of finance lease obligations (notes 2 and 6) 1,316,000 1,547,000
Total current liabilities 123,278,000 122,939,000
Long-term debt (note 5) 34,154,000 56,039,000
Operating lease obligations (notes 2 and 6) 2,818,000
Finance lease obligations (notes 2 and 6) 9,105,000 9,947,000
Total liabilities 169,355,000 188,925,000
Shareholders’ equity:    
Capital stock (note 7) 507,000 458,000
Additional paid-in capital 293,152,000 278,648,000
Deficit (253,796,000) (246,805,000)
39,863,000 32,301,000
Total liabilities and shareholders’ equity $ 209,218,000 $ 221,226,000
[1] Included in restructuring and closure charges for the three months ended September 29, 2019 were write down charges of $261 associated with property, plant and equipment with no future benefit related to the Dongguan manufacturing facility (note 12). Write down charges of $129 were incurred on machinery and equipment with cost of $883 and accumulated amortization of $754. Write down charges of $10 were incurred on office furniture and fixtures with cost of $35 and accumulated amortization of $25. Write down charges of $39 were incurred on computer hardware and software with cost of $252 and accumulated amortization of $213. Write down charges of $83 were incurred on leasehold improvements with cost of $111 and accumulated amortization of $28.

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