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.