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Discontinued Operations | 6 Months Ended
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Jul. 03, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations [Text Block] | 4. Discontinued Operations Tradin Organic On December 30, 2020, the Company completed the divestiture of its organic ingredient sourcing and production business, Tradin Organic, by selling all of the Company's interests and rights in The Organic Corporation B.V. and Tradin Organics USA LLC to Amsterdam Commodities N.V. (the "Purchaser") for cash consideration of $373.7 million (€305.1 million), net of cash acquired and debt assumed by the Purchaser and subject to certain post-closing adjustments (the "Transaction"). The global operations of Tradin Organic included its organic and non-GMO ingredient sourcing operations centered in Amsterdam, The Netherlands, and Scott's Valley, California, together with its consumer-packaged premium juice co-manufacturing business, and its cocoa, sunflower, sesame, and avocado ingredient processing facilities located in the Netherlands, Bulgaria, and Ethiopia. Prior to its divestiture, Tradin Organic comprised the Company's former Global Ingredients operating segment. The following table reconciles the major components of the results of discontinued operations to the amount reported in the consolidated statement of operations for the quarter and two quarters ended June 27, 2020:
|  | Quarter ended |  |  | Two quarters ended |
|  | June 27, 2020 |  |  | June 27, 2020 |
|  | $ |  |  | $ |
Revenues |  | 126,543 |  |  | 254,895 |
Cost of goods sold |  | 110,110 |  |  | 221,915 |
Selling, general and administrative expenses(1) |  | 6,419 |  |  | 13,692 |
Intangible asset amortization |  | 333 |  |  | 783 |
Other expense (income), net |  | 502 |  |  | (1,351 | )
Foreign exchange loss |  | 473 |  |  | 597 |
Interest expense(2) |  | 523 |  |  | 1,138 |
Earnings before gain of sale |  | 8,183 |  |  | 18,121 |
Earnings from discontinued operations before income taxes |  | 8,183 |  |  | 18,121 |
Provision for income taxes |  | 2,273 |  |  | 4,900 |
Loss attributable to non-controlling interests |  | (230 | ) |  | (244 | )
Earnings from discontinued operations |  | 6,140 |  |  | 13,465 |
(1) Selling, general and administrative expenses exclude management fees charged by SunOpta Corporate Services and include stock-based compensation expense attributable to employees of Tradin Organic. (2) Interest expense reflects interest on debt directly attributable to Tradin Organic including borrowings by Tradin Organic under the Dutch subfacility of the Company's former Global Credit Facility. During the first half of 2021, the Company paid $13.4 million to settle accrued transaction costs related to the Tradin Organic divestiture and paid $0.2 million to settle the final contingent consideration obligation related to a prior acquisition of a premium juice business included in the disposed operations of Tradin Organic. These payments were recorded as cash used in investing and financing activities of discontinued operations, respectively, on the consolidated statement of cash flows for the two quarters ended July 3, 2021.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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