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Derivative Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table presents for each of the fair value hierarchies, the assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016:

				September 30, 2017
				Fair value
				asset (liability)	Level 1	Level 2	Level 3
				$	$	$	$
(a)		Commodity futures and forward contracts(1)
			Unrealized short-term derivative asset	376	54	322	-
			Unrealized short-term derivative liability	(242)	-	(242)	-
			Unrealized long-term derivative liability	(2)	-	(2)	-
(b)		Inventories carried at market(2)		3,179	-	3,179	-
(c)		Forward foreign currency contracts
			Not designated as hedging instruments(3)	(1,237)	-	(1,237)	-
			Designated as a hedging instruments(4)	368	-	368	-
(d)		Contingent consideration(5)		(11,236)	-	-	(11,236)
(e)		Embedded derivative(6)		2,690	-	-	2,690
				December 31, 2016
				Fair value
				asset (liability)	Level 1	Level 2	Level 3
				$	$	$	$
(a)		Commodity futures and forward contracts(1)
			Unrealized short-term derivative asset	787	43	744	-
			Unrealized short-term derivative liability	(916)	-	(916)	-
			Unrealized long-term derivative liability	(8)	-	(8)	-
(b)		Inventories carried at market(2)		8,231	-	8,231	-
(c)		Forward foreign currency contracts
			Not designated as hedging instruments(3)	1,345	-	1,345	-
(d)		Contingent consideration(5)		(15,279)	-	-	(15,279)
(e)		Embedded derivative(6)		2,944	-	-	2,944

(1) Unrealized short-term derivative asset was included in prepaid expenses and other current assets, unrealized short-term derivative liability was included in other current liabilities and unrealized long-term derivative liability was included in long-term liabilities on the consolidated balance sheets.

(2) Inventories carried at market were included in inventories on the consolidated balance sheets.

(3) Forward foreign currency contracts not designated as a hedge were included in accounts receivable or accounts payable and accrued liabilities on the consolidated balance sheets.

(4) Forward foreign currency contracts designated as a hedge were included in other assets or other current liabilities on the consolidated balance sheets.

(5) Contingent consideration obligations were included in long-term liabilities (including the current portion thereof) on the consolidated balance sheets.

(6) The embedded derivative was included in other assets (long-term) on the consolidated balance sheets.

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

As at September 30, 2017, the notional amounts of open commodity futures and forward purchase and sale contracts were as follows (in thousands of bushels):

				Number of bushels purchased (sold)
				Corn	Soybeans
Forward commodity purchase contracts				(120)	44
Forward commodity sale contracts				(493)	(676)
Commodity futures contracts				365	495

Schedule Of Business Acquisitions By Acquisition Contingent Consideration [Table Text Block]

The following table presents a reconciliation of contingent consideration obligations for the quarters and three quarters ended September 30, 2017 and October 1, 2016:

				Quarter ended		Three quarters ended
				September 30, 2017	October 1, 2016	September 30, 2017	October 1, 2016
				$	$	$	$
Balance, beginning of period				(11,153)	(15,051)	(15,279)	(21,010)
	Issuances			-	-	-	-
	Fair value adjustments(1)			(83)	(124)	(287)	1,281
	Payments(2)			-	-	4,330	4,554
Balance, end of period				(11,236)	(15,175)	(11,236)	(15,175)

(1) For all periods presented, reflected the accretion for the time value of money, which was included in other income/expense (see note 12). In addition, for the three quarters ended October 1, 2016, included a gain of $1.7 million on the settlement of the contingent consideration obligation related to the Company’s acquisition of Niagara Natural Fruit Snack Company Inc. (“Niagara Natural”) in August 2015.

(2) For the three quarters ended September 30, 2017, reflected the second installment payment of deferred consideration to the former unitholders of Citrusource, LLC (“Citrusource”), which was acquired by the Company in March 2015, and payment of the remaining deferred consideration to a former shareholder of Organic Land Corporation OOD, which was acquired by the Company in December 2012. For the three quarters ended October 1, 2016, reflected the first installment payment related to Citrusource and cash settlement of the remaining obligation related to Niagara Natural.

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- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959

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