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Segment Information
 12 Months Ended
Jan. 01, 2022
Segment Reporting [Abstract]  
Segment Information [Text Block]

25. Segment Information

The composition of the Company's operating segments is as follows:

  • Plant-Based Foods and Beverages includes plant-based beverages and liquid and powder ingredients (utilizing oat, almond, rice, soy, coconut, hemp, and other bases), as well as broths, teas, and nutritional beverages. In addition, Plant-Based Foods and Beverages includes packaged dry- and oil-roasted inshell sunflower and sunflower kernels, 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, and other berries and blends), IQF and bulk frozen fruit for foodservice (including toppings, purées, and smoothies). In addition, Fruit-Based Foods and Beverages includes fruit snacks, including bars, twists, ropes, and bite-sized varieties, and recently introduced fruit-based smoothie bowls. In connection with the Company's exit from its fruit ingredient processing facility in July 2021 (see note 18), the Company ceased the production of custom fruit preparations for industrial use.

The Global Ingredients segment information presented below reflects the Company's soy and corn business prior to its sale on February 22, 2019 (see note 5).

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 1, 2022, January 2, 2021 and December 28, 2019 were as follows:

    January 1, 2022     January 2, 2021     December 28, 2019  
    $     $     $  
Segment revenues from external customers                  
Plant-Based Foods and Beverages   470,754     415,164     361,398  
Fruit-Based Foods and Beverages   341,870     374,049     349,852  
Global Ingredients   -     -     10,346  
Total revenues from external customers   812,624     789,213     721,596  
                   
Segment operating income (loss)                  
Plant-Based Foods and Beverages   36,981     50,780     29,476  
Fruit-Based Foods and Beverages   (9,320 )   (7,321 )   (26,873 )
Global Ingredients   -     -     (187 )
Corporate Services   (17,512 )   (31,151 )   (26,471 )
Total segment operating income   10,149     12,308     (24,055 )
                   
Other income (expense), net (see note 18)   (8,890 )   (23,393 )   40,639  
Interest expense, net (see note 14)   (8,769 )   (30,042 )   (32,765 )
Loss on retirement of debt (see note 14)   -     (8,915 )   -  
Loss from continuing operations before income taxes   (7,510 )   (50,042 )   (16,181 )

 

Segment Assets

Total assets by reportable segment as at January 1, 2022 and January 2, 2021 were as follows:

    January 1, 2022     January 2, 2021  
    $     $  
Segment Assets            
Plant-Based Foods and Beverages   301,065     191,580  
Fruit-Based Foods and Beverages   368,976     329,151  
Corporate Services   85,078     64,884  
Total assets   755,119     585,615  

Segment Capital Expenditures, Depreciation and Amortization

Capital expenditures, depreciation and amortization by reportable segment for the years ended January 1, 2022, January 2, 2021 and December 28, 2019 were as follows:

    January 1, 2022     January 2, 2021     December 28, 2019  
    $     $     $  
Segment Capital Expenditures                  
Plant-Based Foods and Beverages   38,760     11,323     15,289  
Fruit-Based Foods and Beverages   5,926     10,378     9,689  
Global Ingredients   -     -     92  
Corporate Services   13,611     3,053     3,317  
Total capital expenditures   58,297     24,754     28,387  
                   
Segment Depreciation and Amortization                  
Plant-Based Foods and Beverages   14,942     9,457     7,799  
Fruit-Based Foods and Beverages   14,918     16,304     16,702  
Global Ingredients   -     -     129  
Corporate Services   4,781     4,547     4,636  
Total depreciation and amortization   34,641     30,308     29,266  

Geographic Information

The Company's assets, operations, and employees are 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 1, 2022, January 2, 2021 and December 28, 2019 were as follows:

    January 1, 2022     January 2, 2021     December 28, 2019  
    $     $     $  
Revenues from External Customers                  
U.S.   772,333     752,000     691,838  
Canada   14,067     12,481     9,418  
Other   26,224     24,732     20,340  
Total revenues from external customers   812,624     789,213     721,596  

 

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 1, 2022 and January 2, 2021 were as follows:

    January 1, 2022     January 2, 2021  
    $     $  
Long-Lived Assets            
U.S.   203,318     144,555  
Mexico   14,124     11,511  
Canada   2,095     1,982  
Total long-lived assets   219,537     158,048  

Major Customers

A customer of the Plant-Based Foods and Beverages operating segment accounted for approximately 18%, 16% and 18% of the Company's consolidated revenues for the years ended January 1, 2022, January 2, 2021 and December 28, 2019, respectively, and a customer of both the Fruit-Based and Plant-Based Foods and Beverages operating segments accounted for approximately 12%, 14% and 11% of consolidated revenues for the years ended January 1, 2022, January 2, 2021 and December 28, 2019, respectively. No other customer accounted for more than 10% of the Company's consolidated revenues.