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Quarterly Results of Operations (unaudited)

12 Months Ended

Jan. 02, 2021

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (unaudited) [Text Block]

26. Quarterly Results of Operations (unaudited)

The following is a summary of the unaudited quarterly consolidated results of operations of the Company for the years ended January 2, 2021 and December 28, 2019. The consolidated results of operations presented below for all periods prior to the fourth quarter of 2020 have been recast to report Tradin Organic as discontinued operations (see note 3).

			Fiscal 2020
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
	$		$		$		$
Revenues	207,597		184,401		191,659		205,556
Gross profit	27,173		23,259		26,838		31,807
Loss from continuing operations	(3,964	)	(5,133	)	(3,875	)	(34,330)⁽¹⁾
Earnings from discontinued operations	7,325		6,140		3,964		107,391 ⁽²⁾
Net earnings	3,361		1,007		89		73,061
Earnings (loss) attributable to common shareholders	1,336		(1,597	)	(2,755	)	70,206

Basic earnings (loss) per share:
From continuing operations	(0.07	)	(0.09	)	(0.07	)	(0.41	)
From discontinued operations	0.08		0.07		0.04		1.19
Basic earnings (loss) per share	0.02		(0.02	)	(0.03	)	0.78
Diluted earnings (loss) per share:
From continuing operations	(0.07)		(0.09)		(0.07)		(0.41	)
From discontinued operations	0.08		0.07		0.04		1.19
Diluted earnings (loss) per share	0.02		(0.02	)	(0.03	)	0.78

			Fiscal 2019
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
	$		$		$		$
Revenues	180,779		172,112		182,585		186,120
Gross profit	13,706		15,250		14,350		22,197
Earnings (loss) from continuing operations	19,757 ⁽³⁾		(12,380	)	(13,714	)	(6,743	)
Earnings from discontinued operations	5,892		3,325		1,965		1,140
Net earnings (loss)	25,649		(9,055	)	(11,749	)	(5,603	)
Earnings (loss) attributable to common shareholders	23,654		(11,056	)	(13,758	)	(7,620	)

Basic earnings (loss) per share:
From continuing operations	0.20		(0.16	)	(0.18	)	(0.10	)
From discontinued operations	0.07		0.04		0.02		0.01
Basic earnings (loss) per share	0.27		(0.13	)	(0.16	)	(0.09	)
Diluted earnings (loss) per share:
From continuing operations	0.20		(0.16	)	(0.18	)	(0.10	)
From discontinued operations	0.06		0.04		0.02		0.01
Diluted earnings (loss) per share	0.26		(0.13	)	(0.16	)	(0.09	)

(1) Includes a loss of $12.7 million on a foreign currency economic hedge of the euro-denominated cash consideration from the sale of Tradin Organic (see note 3) and a loss of $8.9 million on the early redemption and retirement of the 9.5% senior secured second lien notes due October 2022 (see note 14).

(2) Includes a pre-tax gain on the sale of Tradin Organic of $111.8 million (see note 3).

(3) Includes a pre-tax gain on sale of the soy and corn business of $45.6 million, prior to post-close adjustment (see note 4).