XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.24.3

Receivables Sales Program | 9 Months Ended
--- | ---
Sep. 28, 2024
Receivables Sales Program [Abstract] |
Receivables Sales Program [Text Block] | 4. Receivables Sales Program On August 28, 2024, the Company entered into a Master Receivables Purchase Agreement (the "Agreement") with a third-party financial institution (the "Purchaser"), for the sale of designated trade receivables of certain eligible customers in exchange for cash proceeds (the "Receivables Sales Program"). Under the Receivables Sales Program, the maximum aggregate amount of outstanding receivables that can be sold to the Purchaser at any time is $30.0 million. The Agreement may be terminated by the Purchaser at any time with 30 days' notice. The receivables sold under the Receivables Sales Program are without recourse to the Company for any customer credit risk. The Company does not retain any ongoing financial interest in the receivables sold under the Receivables Sales Program other than cash collection and administrative services. The Company has not recognized any servicing asset or liability as at September 28, 2024, as the fair values of the servicing arrangement and the fees earned are not considered material to the consolidated financial statements. Receivables sold under the Receivables Sales Program are accounted for as sales of financial assets. The sold receivables are derecognized from accounts receivable on the Company's consolidated balance sheet at the time of sale to the Purchaser. The loss on sale of the sold receivables, representing the discount taken by the Purchaser, together with upfront transaction costs incurred by the Company in connection with the Agreement, amounted to $0.2 million for the period from August 28, 2024 to September 28, 2024, which is included in other non-operating expense on the consolidated statements of operations for the quarter and three quarters ended September 28, 2024. Cash proceeds received from the Purchaser are classified as an operating activity in the consolidated statements of cash flows. The following table summarizes activity related to the Receivables Sales Program:
|  | Quarter ended |
|  | September 28, 2024 |
|  | $ |
Opening receivables balance sold to the Purchaser |  | - |
Sale of receivables |  | 19,999 |
Cash collected and remitted to the Purchaser |  | - |
Closing receivables balance sold to the Purchaser(1) |  | 19,999 |
Cash collected and not remitted to the Purchaser(2) |  | (11,102 | )
Outstanding receivables sold |  | 8,897 |
(1) For the quarter ended September 28, 2024, the Company recorded an increase of $20.0 million to cash flows from operating activities of continuing operations from receivables sold under the Receivables Sales Program, which is reflected in the consolidated statement of cash flows for the three quarters ended September 28, 2024. (2) Cash collected from customers on behalf of but not yet remitted to the Purchaser is included in accounts payable on the consolidated balance sheet as at September 28, 2024, with changes in such obligations reflected as operating activities in the consolidated statements of cash flows. There are no restrictions under the Agreement on the Company's use of the cash collected prior to the time it is due to be remitted to the Purchaser.

X
- References No definition available. + Details
Name: | stkl_ReceivablesSalesProgramAbstract
Namespace Prefix: | stkl_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the receivables sales program. + References No definition available. + Details
Name: | stkl_TransfersOfFinancialAssetsAccountedForAsSalesTextBlock
Namespace Prefix: | stkl_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration