v3.20.1
Interim Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Revenue (note 3) $ 95,138 $ 102,649
Cost of sales (note 9) 85,499 94,025
Gross profit 9,639 8,624
Selling, general and administrative expenses 7,219 6,799
Change in fair value of contingent consideration (3,050)
Restructuring charges (recovery) (notes 3 and 10) (221) 624
Operating income 2,641 4,251
Change in fair value of warrant liability (note 4) (517) (101)
Interest expense (note 3) 2,093 2,870
Net income before income taxes 1,065 1,482
Income tax expense (recovery) (note 6):    
Current 275 279
Deferred 15 (8)
Total income tax expense (recovery) 290 271
Net income and comprehensive income $ 775 $ 1,211
Net income per share:    
Basic (in dollars per share) $ 0.03 $ 0.05
Diluted (in dollars per share) $ 0.03 $ 0.05
Weighted average number of shares outstanding (note 7):    
Basic (in shares) 28,195,300 23,248,918
Diluted (in shares) 29,228,403 24,465,435

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