Segment Information

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment Information [Text Block]

21. Segment Information

The composition of the Company's operating and reportable segments is as follows:

• Plant-Based Foods and Beverages includes plant-based beverages and liquid and powder ingredients, utilizing oat, almond, soy, coconut, rice, hemp, and other bases, as well as broths, teas, and nutritional beverages. In addition, the sunflower business, which packaged dry- and oil-roasted inshell sunflower and sunflower kernels and processed raw sunflower inshell and kernel for food and feed applications, was part of this segment until it was sold on October 11, 2022 (see note 3).

• Fruit-Based Foods and Beverages includes individually quick frozen ("IQF") fruit for retail, including strawberries, blueberries, mango, pineapple, and other berries and blends, and IQF and bulk frozen fruit for foodservice, including toppings, purées, and smoothies. In addition, Fruit-Based Foods and Beverages includes fruit snacks, including bars, twists, ropes, and bite-sized varieties, and fruit smoothie bowls.

Corporate Services provides a variety of management, financial, information technology, treasury, and administration services to each of the Company's operating segments.

When reviewing the operating results of the Company's operating segments, management uses segment revenues from external customers and segment operating income/loss to assess performance and allocate resources. Total segment operating income/loss includes general and administrative expenses incurred by Corporate Services and excludes other income/expense items. In addition, interest on corporate debt and income taxes are not allocated to the operating segments.

Segment Revenues and Operating Income

Reportable segment operating results for the years ended December 31, 2022, January 1, 2022 and January 2, 2021 were as follows:

	December 31, 2022		January 1, 2022		January 2, 2021
	$		$		$
Segment revenues from external customers
Plant-Based Foods and Beverages	557,736		470,754		415,164
Fruit-Based Foods and Beverages	376,926		341,870		374,049
Total revenues from external customers	934,662		812,624		789,213
Segment operating income (loss)
Plant-Based Foods and Beverages	38,491		36,616		50,780
Fruit-Based Foods and Beverages	6,919		(9,320	)	(7,321	)
Corporate Services	(20,402	)	(17,237	)	(31,151	)
Total segment operating income	25,008		10,059		12,308
Other expense, net (see note 15)	(22,132	)	(8,890	)	(23,393	)
Interest expense, net (see note 11)	(14,734	)	(8,769	)	(30,042	)
Loss on retirement of debt (see note 11)	-		-		(8,915	)
Loss from continuing operations before income taxes	(11,858	)	(7,600	)	(50,042	)

Disaggregation of Revenue

The following table presents a disaggregation of revenues by operating segment for the years ended December 31, 2022, January 1, 2022 and January 2, 2021, based on categories used by the Company to evaluate sales performance:

	December 31, 2022	January 1, 2022	January 2, 2021
	$	$	$
Plant-Based Foods and Beverages
Beverages and broths	462,132	376,525	332,390
Plant-based ingredients	37,680	31,135	28,156
Sunflower and roasted snacks (see note 3)	57,924	63,094	54,618
Total Plant-Based Foods and Beverages	557,736	470,754	415,164
Fruit-Based Foods and Beverages
Frozen fruit and fruit-based ingredients	285,343	279,128	325,102
Fruit snacks and smoothie bowls	91,583	62,742	48,947
Total Fruit-Based Foods and Beverages	376,926	341,870	374,049
Total revenues	934,662	812,624	789,213

Segment Assets

Total assets by reportable segment as at December 31, 2022 and January 1, 2022 were as follows:

	December 31, 2022	January 1, 2022
	$	$
Segment Assets
Plant-Based Foods and Beverages	384,507	300,700
Fruit-Based Foods and Beverages	347,678	368,976
Corporate Services	123,667	85,078
Total assets	855,852	754,754

Segment Capital Expenditures, Depreciation and Amortization

Capital expenditures, depreciation and amortization by reportable segment for the years ended December 31, 2022, January 1, 2022 and January 2, 2021 were as follows:

	December 31, 2022	January 1, 2022	January 2, 2021
	$	$	$
Segment Capital Expenditures
Plant-Based Foods and Beverages	109,749	38,760	11,323
Fruit-Based Foods and Beverages	7,822	5,926	10,378
Corporate Services	11,055	13,611	3,053
Total capital expenditures	128,626	58,297	24,754
Segment Depreciation and Amortization
Plant-Based Foods and Beverages	18,359	14,942	9,457
Fruit-Based Foods and Beverages	13,788	14,918	16,304
Corporate Services	5,526	4,781	4,547
Total depreciation and amortization	37,673	34,641	30,308

Geographic Information

The Company's assets, operations, and employees are located in the U.S., Mexico, and Canada. Revenues from external customers are attributed to countries based on the location of the customer. Revenues from external customers by geographic area for the years ended December 31, 2022, January 1, 2022 and January 2, 2021 were as follows:

	December 31, 2022	January 1, 2022	January 2, 2021
	$	$	$
Revenues from External Customers
U.S.	883,160	772,333	752,000
Canada	10,625	14,067	12,481
Other	40,877	26,224	24,732
Total revenues from external customers	934,662	812,624	789,213

Long-lived assets consist of property, plant and equipment, net of accumulated depreciation, which are attributed to countries based on the physical location of the assets. Long-lived assets by geographic area as at December 31, 2022 and January 1, 2022 were as follows:

	December 31, 2022	January 1, 2022
	$	$
Long-Lived Assets
U.S.	303,406	203,318
Mexico	16,945	14,124
Canada	2,040	2,095
Total long-lived assets	322,391	219,537

Major Customers

A customer of the Plant-Based Foods and Beverages operating segment accounted for approximately 19%, 18% and 16% of the Company's consolidated revenues for the years ended December 31, 2022, January 1, 2022 and January 2, 2021, respectively, and a customer of both the Fruit-Based and Plant-Based Foods and Beverages operating segments accounted for approximately 13%, 12% and 14% of consolidated revenues for the years ended December 31, 2022, January 1, 2022 and January 2, 2021, respectively. No other customer accounted for more than 10% of the Company's consolidated revenues.