XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Sales $ 285,603 $ 293,572 $ 268,020
Cost of sales (236,177) (266,075) (222,841)
Gross margin 49,426 27,497 45,179
Selling, general and administrative expenses (65,501) (72,265) (53,917)
Interest expense (4,509) (3,244) (2,835)
Interest income 1,018 207 126
Foreign exchange gain (loss) 602 (2,255) (476)
Other income (expense) 5,616 (115) (420)
Write-off of joint venture loan   (592)  
Impairments (14,020) (43,299)  
Loss before taxes and loss from equity method investments (27,368) (94,066) (12,343)
(Provision for) recovery of income taxes (4,451) (4,681) 3,526
Loss from equity method investments   (2,668) (308)
Loss including non-controlling interests (31,819) (101,415) (9,125)
Less: Net (income) loss attributable to non-controlling interests 21 269 46
Net loss attributable to Village Farms International, Inc. shareholders $ (31,798) $ (101,146) $ (9,079)
Basic loss per share attributable to Village Farms International, Inc. shareholders $ (0.29) $ (1.13) $ (0.11)
Diluted loss per share attributable to Village Farms International, Inc. shareholders $ (0.29) $ (1.13) $ (0.11)
Weighted average number of common shares used in the computation of loss per share (in thousands):      
Basic 108,728 89,127 82,161
Diluted 108,728 89,127 82,161
Loss including non-controlling interests $ (31,819) $ (101,415) $ (9,125)
Other comprehensive income (loss):      
Foreign currency translation adjustment 4,237 (15,460) 441
Comprehensive loss including non-controlling interests (27,582) (116,875) (8,684)
Less: comprehensive (income) loss attributable to non-controlling interests (436) 1,432 (63)
Comprehensive loss attributable to Village Farms International, Inc. shareholders $ (28,018) $ (115,443) $ (8,747)