v3.20.2
Interim Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue (note 3) $ 90,406 $ 90,936 $ 185,544 $ 193,585
Cost of sales (note 9) 79,720 81,939 165,219 175,964
Gross profit 10,686 8,997 20,325 17,621
Selling, general and administrative expenses 7,107 6,560 14,326 13,359
Change in fair value of contingent consideration       (3,050)
Restructuring charges (reversal) (notes 3 and 10) (125) 1,546 (346) 2,170
Operating income 3,704 891 6,345 5,142
Fair value measurement loss (gain) on warrant liability (note 4) 399 40 (118) (61)
Interest expense (note 3) 1,987 2,800 4,080 5,670
Net income (loss) before income taxes 1,318 (1,949) 2,383 (467)
Income tax expense (note 6):        
Current 311 416 586 695
Deferred 52 103 67 95
Total income tax expense 363 519 653 790
Net income (loss) and comprehensive income (loss) $ 955 $ (2,468) $ 1,730 $ (1,257)
Net income per share:        
Basic $ 0.03 $ (0.10) $ 0.06 $ (0.05)
Diluted $ 0.03 $ (0.10) $ 0.06 $ (0.05)
Weighted average number of shares outstanding (note 7):        
Basic 28,213,729 23,557,944 28,204,514 23,403,431
Diluted 29,493,472 23,557,944 29,484,257 23,403,431

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