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Consolidated Balance Sheets - CAD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 69,144 $ 16,601
Accounts receivable 83,811 68,787
Contract assets 15,802 9,759
Inventories 49,898 44,544
Prepaid expenses and deposits 10,587 6,828
Assets held for sale 1,117 660
Total current assets 230,359 147,179
Property, plant and equipment 645,810 640,950
Operating lease right-of-use assets 14,739 14,768
Intangible assets 6,773 3,864
Investments in affiliates and joint ventures 75,637 55,974
Other assets 5,808 6,543
Deferred tax assets 387 0
Total assets 979,513 869,278
Current liabilities    
Accounts payable 102,549 76,251
Accrued liabilities 43,784 33,389
Contract liabilities 1,411 3,349
Current portion of long-term debt 20,600 19,693
Current portion of finance lease obligations 21,489 25,035
Current portion of operating lease liabilities 2,470 3,317
Total current liabilities 192,303 161,034
Long-term debt 358,137 306,034
Finance lease obligations 20,315 29,686
Operating lease liabilities 12,376 11,461
Other long-term obligations 18,576 26,400
Deferred tax liabilities 71,887 56,200
Total liabilities 673,594 590,815
Shareholders' equity    
Common shares (authorized – unlimited number of voting common shares; issued and outstanding – December 31, 2022 - 27,827,282 (December 31, 2021 – 30,022,928)) 229,455 246,944
Treasury shares (December 31, 2022 - 1,406,461 (December 31, 2021 - 1,564,813)) (16,438) (17,802)
Additional paid-in capital 22,095 37,456
Retained earnings 70,501 11,863
Accumulated other comprehensive income 306 2
Shareholders' equity 305,919 278,463
Total liabilities and shareholders' equity 979,513 869,278
Contingencies