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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.