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Revenue
 12 Months Ended
Jan. 02, 2021
Revenue from Contract with Customer [Abstract]  
Revenue [Text Block]

2.  Revenue

The Company procures, processes, and packages plant-based and fruit-based foods and beverages.  The Company's customers include retailers, foodservice operators, branded food companies, and food manufacturers. 

Revenue is recognized when performance obligations under the terms of a contract with a customer are satisfied, which is upon the transfer of control of the contracted goods.  Except for goods sold under bill-and-hold arrangements, control is transferred when title and physical possession of the product has transferred to the customer, which is at the point in time that product is shipped from the Company's facilities or delivered to a specified destination, depending on the terms of the contract, and the Company has a present right to payment.  Under bill-and-hold arrangements, whereby the Company bills a customer for product to be delivered at a later date, control typically transfers when the product is ready for physical transfer to the customer, and the Company has a present right to payment.   

A performance obligation is a promise within a contract to transfer distinct goods to the customer.  A contract with a customer may involve multiple products and/or multiple delivery dates, with the transfer of each product at each delivery date being considered a distinct performance obligation, as each of the Company's products has standalone utility to the customer.  In these cases, the contract's transaction price is allocated to each performance obligation based on relative standalone selling prices and recognized as revenue when each individual product is transferred to the customer.  Other promises in the contract-for example, the promise to provide quality assurance testing to ensure the product meets specification and is fit for its intended use-are not separable from the promise to deliver goods and are therefore not considered distinct. 

Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring the goods.  Consideration is typically determined based on a fixed unit price for the quantity of product transferred.  Certain contracts may give rise to an element of variable consideration in the form of rebates or discounts.  For contracts involving variable consideration, the Company estimates the transaction price based on the amount of consideration to which it expects to be entitled.  These estimates are determined based on historical experience and the expected outcome of the variable consideration, and are updated as new information becomes available, including actual claims paid, which indicate an estimate is not indicative of the expected results.  Changes to these estimates are recorded in the period the adjustment is identified.  The Company does not typically grant customers a general right of return for goods transferred but will generally accept returns of product for quality-related issues.  The cost of satisfying this promise of quality is accounted for as an assurance-type warranty obligation rather than variable consideration.  The Company's contracts do not typically include any significant payment terms, as payment is normally due shortly after the time of transfer. 

Revenue contracts are typically represented by short-term, binding purchase orders from customers, identifying the quantity and pricing for products to be transferred.  Customer orders may be issued under long-term master supply arrangements.  On their own, these master supply arrangements are typically not considered contracts for purposes of revenue recognition, as they do not create enforceable rights and obligations regarding the quantity, pricing, or timing of goods to be transferred (for example, by imposing minimum purchase obligations on the part of the customer).  Certain master supply arrangements provide for the transfer of product on a bill-and-hold basis at the specific request of the customer.  Goods are produced under these bill-and-hold arrangements to meet individual customer specifications, and, therefore, are identifiable as belonging to the customer and cannot be directed to another customer.

The timing of the Company's revenue recognition, customer billings and cash collections, does not result in significant unbilled receivables (contract assets) or customer advances (contract liabilities) on the consolidated balance sheet.  Contract costs, such as sales commissions, are generally expensed as incurred given the short-term nature of the associated contracts.

The following table presents a disaggregation of the Company's revenues based on categories used by the Company to evaluate sales performance: 

      January 2, 2021       December 28, 2019       December 29, 2018  
      $  

 

 

 $

 

 

 

 $

 
Plant-Based Foods and Beverages                        
Beverages and broths     332,390       286,381       244,888  
Plant-based ingredients     28,156       22,944       14,788  
Sunflower and roasted snacks     54,618       52,073       51,297  
Flexible resealable pouch and nutrition bar products     —       —       3,103  
Total Plant-Based Foods and Beverages     415,164

 

 

 

 361,398

 

 

 

 314,076  
                         
Fruit-Based Foods and Beverages                        
Frozen fruit     284,559       258,298       271,417  
Fruit-based ingredients     40,543       47,762       50,830  
Fruit snacks     48,947       43,792       43,222  
Total Fruit-Based Foods and Beverages     374,049

 

 

 

 349,852

 

 

 

 365,469  
                         
Global Ingredients                        
Soy and corn     —       10,346       104,427  
Total Global Ingredients     —

 

 

 

 10,346

 

 

 

 104,427  
                         
Total revenues     789,213       721,596       783,972