XML 34 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1

Derivative Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31, 2018 and December 30, 2017:

				March 31, 2018
				Fair value
				asset (liability)	Level 1	Level 2	Level 3
				$	$	$	$
Commodity futures and forward contracts(1)
	Current asset			202	-	202	-
	Long-term asset			45	-	45	-
	Current liability			(1,266)	(56)	(1,210)	-
	Long-term liability			(8)	-	(8)	-
Inventories carried at market(2)				4,368	-	4,368	-
Forward foreign currency contracts(3)
	Not designated as hedging instruments			(710)	-	(710)	-
	Designated as hedging instruments			575	-	575	-
Contingent consideration(4)				(8,904)	-	-	(8,904)
Embedded derivative				2,690	-	-	2,690
				December 30, 2017
				Fair value
				asset (liability)	Level 1	Level 2	Level 3
				$	$	$	$
Commodity futures and forward contracts(1)
	Current asset			738	-	738	-
	Current liability			(240)	(35)	(205)	-
	Long-term liability			(4)	-	(4)	-
Inventories carried at market(2)				3,838	-	3,838	-
Forward foreign currency contracts(3)
	Not designated as hedging instruments			(1,060)	-	(1,060)	-
	Designated as hedging instruments			(435)	-	(435)	-
Contingent consideration(4)				(11,320)	-	-	(11,320)
Embedded derivative				2,690	-	-	2,690

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

As at March 31, 2018, 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				799	393
Forward commodity sale contracts				(326)	(899)
Commodity futures contracts				(750)	210

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

				Quarter ended
				March 31, 2018	April 1, 2017
				$	$
Balance, beginning of period				(11,320)	(15,279)
	Fair value adjustments(1)			2,416	(120)
	Payments			-	269
Balance, end of period				(8,904)	(15,130)

(1) For the quarter ended March 31, 2018, included an adjustment of $2.5 million to reduce the contingent consideration that may be payable in 2019 under an earn-out arrangement with the former unitholders of Citrusource, LLC (acquired by the Company in March 2015) based on the projected results for the business in fiscal 2018. In addition, for all periods presented, reflected the accretion for the time value of money. (See note 9.)

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionContingentConsiderationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the notional amounts of outstanding derivative positions.

+ References

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=84234895&loc=SL5579245-113959

+ Details

Name:	us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration