XML 46 R32.htm IDEA: XBRL DOCUMENT
v3.20.4

Segmented Information | 12 Months Ended
--- | ---
Jan. 02, 2021
Segment Reporting [Abstract] |
Segmented Information [Text Block] | 24. Segmented Information The segment information below is presented on a continuing operations basis, with prior period information recast to reflect the reporting of Tradin Organic as discontinued operations. Following the sale of the Company's former soy and corn business in February 2019, Tradin Organic comprised the Company's entire Global Ingredients segment. Following the divestiture of Tradin Organic, the composition of the Company's two continuing operating segments is as follows: 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. Total segment operating income/loss includes general and administrative expenses incurred by Corporate Services and excludes other income/expense items and goodwill impairments. In addition, interest on corporate debt and income taxes are not allocated to the operating segments. Segment Revenues and Operating Income Reportable segment operating results for the years ended January 2, 2021, December 28, 2019 and December 29, 2018 were as follows:
|  |  | January 2, 2021 |  |  |  | December 28, 2019 |  |  |  | December 29, 2018 |
|  |  | $ |  |  |  | $ |  |  |  | $ |
Segment revenues from external customers |  |  |  |  |  |  |  |  |  |  |  |
Plant-Based Foods and Beverages |  |  | 415,164 |  |  |  | 361,398 |  |  |  | 314,076 |
Fruit-Based Foods and Beverages |  |  | 374,049 |  |  |  | 349,852 |  |  |  | 365,469 |
Global Ingredients |  |  | — |  |  |  | 10,346 |  |  |  | 104,427 |
Total revenues from external customers |  |  | 789,213 |  |  |  | 721,596 |  |  |  | 783,972 |
Segment operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Plant-Based Foods and Beverages |  |  | 50,780 |  |  |  | 29,476 |  |  |  | 10,766 |
Fruit-Based Foods and Beverages |  |  | (7,321 | ) |  |  | (26,873 | ) |  |  | (16,029 | )
Global Ingredients |  |  | — |  |  |  | (187 | ) |  |  | 2,245 |
Corporate Services |  |  | (31,151 | ) |  |  | (26,471 | ) |  |  | (18,433 | )
Total segment operating income |  |  | 12,308 |  |  |  | (24,055 | ) |  |  | (21,451 | )
Other income (expense), net (see note 18) |  |  | (23,393 | ) |  |  | 40,639 |  |  |  | (5,242 | )
Goodwill impairment (see note 11) |  |  | — |  |  |  | — |  |  |  | (81,222 | )
Interest expense, net (see note 14) |  |  | (30,042 | ) |  |  | (32,765 | ) |  |  | (33,121 | )
Loss on retirement of debt (see note 14) |  |  | (8,915 | ) |  |  | — |  |  |  | — |
Loss from continuing operations before income taxes |  |  | (50,042 | ) |  |  | (16,181 | ) |  |  | (141,036 | )
Segment Assets Total assets by reportable segment as at January 2, 2021 and December 28, 2019 were as follows:
|  |  | January 2, 2021 |  |  |  | December 28, 2019 |
|  |  | $ |  |  |  | $ |
Segment Assets |  |  |  |  |  |  |  |
Plant-Based Foods and Beverages |  |  | 191,580 |  |  |  | 189,013 |
Fruit-Based Foods and Beverages |  |  | 329,151 |  |  |  | 342,099 |
Corporate Services |  |  | 64,884 |  |  |  | 96,300 |
Assets held for sale |  |  | — |  |  |  | 295,947 |
Total assets |  |  | 585,615 |  |  |  | 923,359 |
Segment Capital Expenditures, Depreciation and Amortization Capital expenditures, depreciation and amortization by reportable segment for the years ended January 2, 2021, December 28, 2019 and December 29, 2018 were as follows:
|  |  | January 2, 2021 |  |  |  | December 28, 2019 |  |  |  | December 29, 2018 |
|  |  | $ |  |  |  | $ |  |  |  | $ |
Segment Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |
Plant-Based Foods and Beverages |  |  | 11,323 |  |  |  | 15,289 |  |  |  | 12,241 |
Fruit-Based Foods and Beverages |  |  | 10,378 |  |  |  | 9,689 |  |  |  | 5,586 |
Global Ingredients |  |  | — |  |  |  | 92 |  |  |  | 655 |
Corporate Services |  |  | 3,053 |  |  |  | 3,317 |  |  |  | 8,385 |
Total capital expenditures |  |  | 24,754 |  |  |  | 28,387 |  |  |  | 26,867 |
Segment Depreciation and Amortization |  |  |  |  |  |  |  |  |  |  |  |
Plant-Based Foods and Beverages |  |  | 9,457 |  |  |  | 7,799 |  |  |  | 6,468 |
Fruit-Based Foods and Beverages |  |  | 16,304 |  |  |  | 16,702 |  |  |  | 16,871 |
Global Ingredients |  |  | — |  |  |  | 129 |  |  |  | 847 |
Corporate Services |  |  | 4,547 |  |  |  | 4,636 |  |  |  | 3,973 |
Total depreciation and amortization |  |  | 30,308 |  |  |  | 29,266 |  |  |  | 28,159 |
Geographic Information The Company's assets, operations and employees are principally located in the U.S., Mexico, and Canada. Revenues from external customers are attributed to countries based on the location of the customer. Revenues from external customers by geographic area for the years ended January 2, 2021, December 28, 2019 and December 29, 2018 were as follows:
|  |  | January 2, 2021 |  |  |  | December 28, 2019 |  |  |  | December 29, 2018 |
|  |  | $ |  |  |  | $ |  |  |  | $ |
Revenues from External Customers |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  |  | 752,000 |  |  |  | 691,838 |  |  |  | 749,528 |
Canada |  |  | 12,481 |  |  |  | 9,418 |  |  |  | 14,712 |
Other |  |  | 24,732 |  |  |  | 20,340 |  |  |  | 19,732 |
Total revenues from external customers |  |  | 789,213 |  |  |  | 721,596 |  |  |  | 783,972 |
Long-lived assets consist of property, plant and equipment, net of accumulated depreciation, which are attributed to countries based on the physical location of the assets. Long-lived assets by geographic area as at January 2, 2021 and December 28, 2019 were as follows:
|  |  | January 2, 2021 |  |  |  | December 28, 2019 |
|  |  | $ |  |  |  | $ |
Long-Lived Assets |  |  |  |  |  |  |  |
U.S. |  |  | 144,555 |  |  |  | 146,217 |
Mexico |  |  | 11,511 |  |  |  | 11,057 |
Canada |  |  | 1,982 |  |  |  | 2,401 |
Total long-lived assets |  |  | 158,048 |  |  |  | 159,675 |
Major Customers A customer of the Plant-Based Foods and Beverages operating segment accounted for approximately 16%, 18% and 16% of the Company's consolidated revenues for the years ended January 2, 2021, December 28, 2019 and December 29, 2018, respectively, and a customer of both the Fruit-Based and Plant-Based Foods and Beverages operating segments accounted for approximately 14%, 11% and less than 10% of consolidated revenues for the years ended January 2, 2021, December 28, 2019 and December 29, 2018, respectively. No other customer accounted for more than 10% of the Company's consolidated revenues.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration