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Segmented Information
 9 Months Ended
Sep. 26, 2020
Segment Reporting [Abstract]  
Segmented Information [Text Block]

14.  Segmented Information

Effective the fourth quarter of 2019, the Company implemented changes to its organization and leadership structure to align with the operational and strategic objectives established by the Company's CEO.  As a result, the Company established two new segments - a Plant-Based Foods and Beverages segment and a Fruit-Based Foods and Beverages segment - based on the synergistic nature of the underlying principal product ingredients.  In addition, the Company realigned the Global Ingredients segment to combine its international organic ingredients operations and its co-manufactured premium juice program, based on shared raw material sourcing.  Each segment has dedicated management, sales, marketing, plant operations, product development and business support teams, with full accountability to the CEO. 

With these changes, the composition of the Company's three operating segments is as follows:

  • Global Ingredients includes the sourcing and sale of organic and non-GMO ingredients, including fruits, vegetables, oils, fats, coffee, nuts, dried fruits, sugars, liquid sweeteners, seeds, grains, rice and pulses, and the processing of value-added ingredients including cocoa liquor, butter and powder, sunflower kernel, oil and cakes, sesame seeds, and avocado oil.  In addition, it includes third-party co-manufacturing arrangements to produce consumer-packaged premium juice products (including private label orange juices, lemonades, and functional waters), utilizing internally-sourced raw materials.  It also included the operations of the soy and corn business that was sold in 2019.
  • Plant-Based Foods and Beverages includes plant-based beverages and liquid and dry ingredients (utilizing almond, soy, coconut, oat, hemp, and other bases), as well as broths, teas and nutritional beverages.  In addition, it includes packaged dry- and oil-roasted inshell sunflower and sunflower kernels, as well as corn-, soy- and legume-based roasted snacks, and the processing and sale of raw sunflower inshell and kernel for food and feed applications.
  • Fruit-Based Foods and Beverages includes individually quick frozen ("IQF") fruit for retail (including strawberries, blueberries, mango, pineapple, blends, and other berries), IQF and bulk frozen fruit for foodservice (including purées, fruit cups and smoothies), and custom fruit preparations for industrial use.  In addition, it includes fruit snacks, including bars, twists, ropes and bite-sized varieties. 

Corporate Services provides a variety of management, financial, information technology, treasury and administration services to each of the Company's operating segments.

When reviewing the operating results of the Company's operating segments, management uses segment revenues from external customers and segment operating income/loss to assess performance and allocate resources.  Segment operating income/loss excludes other income/expense items.  In addition, interest expense and income taxes are not allocated to the operating segments.

Segment Revenues and Operating Income

Reportable segment operating results for the quarters and three quarters ended September 26, 2020 and September 28, 2019 were as follows:

  Quarter ended 
  September 26, 2020 
     Plant-Based  Fruit-Based    
  Global  Foods and  Foods and    
  Ingredients  Beverages  Beverages  Consolidated 
  $  $  $  $ 
Segment revenues from external customers 123,322  99,038  92,621  314,981 
Segment operating income (loss) 5,851  13,119  (1,788) 17,182 
Corporate Services          (7,803)
Other expense, net (see note 10)          (1,030)
Interest expense, net          (8,017)
Earnings before income taxes          332 

 

            
  Quarter ended 
  September 28, 2019 
     Plant-Based  Fruit-Based    
  Global  Foods and  Foods and    
  Ingredients  Beverages  Beverages  Consolidated 
  $  $  $  $ 
Segment revenues from external customers 113,356  91,811  90,774  295,941 
Segment operating income (loss) 3,400  8,707  (10,639) 1,468 
Corporate Services          (4,995)
Other expense, net (see note 10)          (3,323)
Interest expense, net          (8,864)
Loss before income taxes          (15,714)

 

  Three quarters ended 
  September 26, 2020 
     Plant-Based  Fruit-Based    
  Global  Foods and  Foods and    
  Ingredients  Beverages  Beverages  Consolidated 
  $  $  $  $ 
Segment revenues from external customers 378,217  296,985  286,672  961,874 
Segment operating income (loss) 22,003  37,456  (8,506) 50,953 
Corporate Services          (21,283)
Other income, net (see note 10)          601 
Interest expense, net          (24,233)
Earnings before income taxes          6,038 

 

  Three quarters ended 
  September 28, 2019 
     Plant-Based  Fruit-Based    
  Global  Foods and  Foods and    
  Ingredients  Beverages  Beverages  Consolidated 
  $  $  $  $ 
Segment revenues from external customers 369,090  255,027  270,103  894,220 
Segment operating income (loss) 13,610  15,731  (22,204) 7,137 
Corporate Services          (12,881)
Other income, net (see note 10)          39,744 
Interest expense, net          (25,857)
Earnings before income taxes          8,143 

 

Segment Depreciation and Amortization

Depreciation and amortization by reportable segment for the quarters and three quarters ended September 26, 2020 and September 28, 2019 was as follows:

 

  Quarter ended  Three quarters ended 
  

September 26, 2020

  

September 28, 2019

  

September 26, 2020

  

September 28, 2019

 
  $  $  $  $ 
Global Ingredients 1,156  1,339  3,449  4,145 
Plant-Based Foods and Beverages 2,371  1,928  7,119  4,931 
Fruit-Based Foods and Beverages 4,047  4,080  12,293  12,474 
Total segment depreciation and amortization 7,574  7,347  22,861  21,550 
Corporate Services 1,095  1,170  3,481  3,455 
Total depreciation and amortization 8,669  8,517  26,342  25,005