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Value Creation Plan | 9 Months Ended
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Sep. 26, 2020
Restructuring and Related Activities [Abstract] |
Value Creation Plan [Text Block] | 4. Value Creation Plan The Value Creation Plan is a broad-based initiative focused on increasing shareholder value through structural investments in people and assets, together with restructuring activities to streamline operations. In the first three quarters of 2020, measures taken under the Value Creation Plan included the consolidation of the Company's corporate office functions, the closure of an organic ingredient warehousing facility located in China, and other business development activities. In the first three quarters of 2019, actions taken under the Value Creation Plan related to the sale of the soy and corn business, a workforce reduction affecting approximately 30 employees, and transitions of the Company's Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO"). The following table summarizes costs incurred by type under the Value Creation Plan for the three quarters ended September 26, 2020 and September 28, 2019:
|  |  |  |  | Employee |  |  |  |  |  |  |
|  | Asset |  |  | recruitment, |  |  |  |  |  |  |
|  | impairments |  |  | retention and |  |  |  |  |  |  |
|  | and facility |  |  | termination |  |  | Professional |  |  |  |
|  | closure costs |  |  | costs |  |  | fees |  |  | Total |
|  | $ |  |  | $ |  |  | $ |  |  | $ |
September 26, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Balance payable, December 28, 2019(1) |  | 201 |  |  | 4,026 |  |  | — |  |  | 4,227 |
Costs incurred and charged to expense |  | 365 |  |  | 1,524 |  |  | 1,574 |  |  | 3,463 |
Cash payments, net |  | (438 | ) |  | (5,690 | ) |  | (1,574 | ) |  | (7,702 | )
Non-cash adjustments |  | (78 | ) |  | 894 |  |  | — |  |  | 816 |
Balance payable, September 26, 2020(1) |  | 50 |  |  | 754 |  |  | — |  |  | 804 |
September 28, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Balance payable, December 29, 2018 |  | 477 |  |  | 436 |  |  | — |  |  | 913 |
Costs incurred and charged to expense |  | 308 |  |  | 7,098 |  |  | 964 |  |  | 8,370 |
Cash payments, net |  | (533 | ) |  | (6,220 | ) |  | (901 | ) |  | (7,654 | )
Non-cash adjustments |  | — |  |  | 2,872 |  |  | — |  |  | 2,872 |
Balance payable, September 28, 2019 |  | 252 |  |  | 4,186 |  |  | 63 |  |  | 4,501 |
(1) Balance payable was included in accounts payable and accrued liabilities on the consolidated balance sheet. The following table summarizes costs incurred since the inception of the Value Creation Plan in 2016 to September 26, 2020:
|  |  |  |  | Employee |  |  |  |  |  |  |
|  | Asset |  |  | recruitment, |  |  | Professional |  |  |  |
|  | impairments |  |  | retention and |  |  | fees and |  |  |  |
|  | and facility |  |  | termination |  |  | temporary |  |  |  |
|  | closure costs |  |  | costs |  |  | labor costs |  |  | Total |
|  | $ |  |  | $ |  |  | $ |  |  | $ |
Costs incurred and charged to expense |  | 35,325 |  |  | 24,493 |  |  | 23,906 |  |  | 83,724 |
Cash payments, net |  | (10,700 | ) |  | (29,187 | ) |  | (23,906 | ) |  | (63,793 | )
Non-cash adjustments |  | (24,575 | ) |  | 5,448 |  |  | — |  |  | (19,127 | )
Balance payable, September 26, 2020 |  | 50 |  |  | 754 |  |  | — |  |  | 804 |
For the quarters and three quarters ended September 26, 2020 and September 28, 2019, costs incurred and charged to expense were recorded in the consolidated statement of operations as follows:
|  | Quarter ended |  |  | Three quarters ended |
|  | September 26, 2020 |  |  | September 28, 2019 |  |  | September 26, 2020 |  |  | September 28, 2019 |
|  | $ |  |  | $ |  |  | $ |  |  | $ |
Selling, general and administrative expenses(1) |  | 935 |  |  | 1,615 |  |  | 2,434 |  |  | 2,772 |
Other expense(2) |  | 54 |  |  | 3,222 |  |  | 1,029 |  |  | 5,598 |
|  | 989 |  |  | 4,837 |  |  | 3,463 |  |  | 8,370 |
(1) Professional fees and employee retention, recruitment and relocation costs recorded in selling general and administrative expenses were allocated to Corporate Services. (2) For the quarter ended September 26, 2020, costs recorded in other expense were allocated as follows: Global Ingredients - $nil (September 28, 2019 - $nil); Plant-Based Foods and Beverages - $nil (September 28, 2019 - $nil); Fruit-Based Foods and Beverages - $(0.0) million (September 28, 2019 - $0.2 million); and Corporate Services - $0.1 million (September 28, 2019 - $3.0 million). For the three quarters ended September 26, 2020, costs recorded in other expense were allocated as follows: Global Ingredients - $0.8 million (September 28, 2019 - $0.0 million); Plant-Based Foods and Beverages - $0.0 million (September 28, 2019 - $0.5 million); Fruit-Based Foods and Beverages - $0.8 million (September 28, 2019 - $1.0 million); and Corporate Services - $(0.5) million (September 28, 2019 - $4.1 million).

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- References No definition available. + Details
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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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