XML 21 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Sales $ 293,572 $ 268,020 $ 170,086
Cost of sales (266,075) (222,841) (159,126)
Gross margin 27,497 45,179 10,960
Selling, general and administrative expenses (68,278) (46,384) (19,086)
Share-based compensation (3,987) (7,533) (6,142)
Interest expense (3,244) (2,835) (2,056)
Interest income 207 126 625
Foreign exchange loss (2,255) (476) (136)
Gain on settlement agreement     4,681
Gain on acquisition     23,631
Other (expense) income (115) (420) (873)
Write-off of note receivable (592)   (3,791)
Impairments (43,299)    
(Loss) income before taxes and (loss) income from equity method investments (94,066) (12,343) 7,813
(Provision for) recovery of income taxes (4,681) 3,526 2,790
(Loss) income from equity method investments (2,668) (308) 1,005
(Loss) income including non-controlling interests (101,415) (9,125) 11,608
Less: net loss attributable to non-controlling interests, net of tax 269 46  
Net (loss) income attributable to Village Farms International, Inc. $ (101,146) $ (9,079) $ 11,608
Basic (loss) income per share attributable to Village Farms International, Inc. shareholders $ (1.13) $ (0.11) $ 0.20
Diluted (loss) income per share attributable to Village Farms International, Inc. shareholders $ (1.13) $ (0.11) $ 0.19
Weighted average number of common shares used in the computation of net (loss) income per share (in thousands):      
Basic 89,127 82,161 58,526
Diluted 89,127 82,161 61,490
Other comprehensive (loss) income:      
Foreign currency translation adjustment $ (15,460) $ 441 $ 6,730
Comprehensive (loss) income attributable to Village Farms International, Inc. shareholders $ (116,606) $ (8,638) $ 18,338