XML 76 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Sales (note 18) $ 268,020 $ 170,086 $ 144,568
Cost of sales (222,841) (159,126) (151,913)
Gross margin (note 18) 45,179 10,960 (7,345)
Selling, general and administrative expenses (46,384) (19,086) (16,762)
Share-based compensation (7,533) (6,142) (4,714)
Interest expense (note 18) (2,835) (2,056) (2,614)
Interest income (note 18) 126 625 1,036
Foreign exchange (loss) gain (476) (136) 433
Gain on settlement agreement (note 6)   4,681  
Gain on acquisition (note 6)   23,631  
Other (expense) income (161) 49 268
(Loss) gain on disposal of assets (259) (922) 13,564
Loss on joint venture loans (note 9)   (3,791) (1,184)
(Loss) income before taxes and (loss) income from equity method investments (12,343) 7,813 (17,318)
Recovery of income taxes 3,526 2,790 5,866
(Loss) income from equity method investments (308) 1,005 13,777
(Loss) income including non-controlling interests (9,125) 11,608 2,325
Less: net loss attributable to non-controlling interests, net of tax 46    
Net (loss) income attributable to Village Farms International, Inc. $ (9,079) $ 11,608 $ 2,325
Basic (loss) income per share attributable to Village Farms International, Inc. shareholders (note 19) $ (0.11) $ 0.20 $ 0.05
Diluted (loss) income per share attributable to Village Farms International, Inc. shareholders (note 19) $ (0.11) $ 0.19 $ 0.05
Weighted average number of common shares used in the computation of net (loss) income per share (in thousands):      
Basic 82,161 58,526 49,418
Diluted 82,161 61,490 51,179
(Loss) income including non-controlling interests $ (9,125) $ 11,608 $ 2,325
Less: net loss attributable to non-controlling interests, net of tax (note 6) 46    
Net (loss) income attributable to Village Farms International, Inc. (9,079) 11,608 2,325
Other comprehensive (loss) income:      
Foreign currency translation adjustment 441 6,730 87
Comprehensive (loss) income attributable to Village Farms International, Inc. shareholders $ (8,638) $ 18,338 $ 2,412