Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of consolidated statements of operations, balance sheet and cash flows [Table Text Block]

	Year Ended January 1, 2022						Year Ended January 2, 2021
	As Previously Reported		Adjustment		As Revised		As Previously Reported		Adjustment		As Revised
	$		$		$		$		$		$
Consolidated Statements of Operations
Revenues	812,624		-		812,624		789,213		-		789,213
Cost of goods sold	714,539		365		714,904		680,136		-		680,136
Gross profit	98,085		(365	)	97,720		109,077		-		109,077
Selling, general and administrative expenses	76,874		(275	)	76,599		89,463		-		89,463
Intangible amortization	9,950		-		9,950		8,946		-		8,946
Other expense, net	8,890		-		8,890		23,393		-		23,393
Foreign exchange loss (gain)	1,112		-		1,112		(1,640	)	-		(1,640	)
Earnings (loss) from continuing operations before the following	1,259		(90	)	1,169		(11,085	)	-		(11,085	)
Interest expense, net	8,769		-		8,769		30,042		-		30,042
Loss on retirement of debt	-		-		-		8,915		-		8,915
Loss from continuing operations before income taxes	(7,510	)	(90	)	(7,600	)	(50,042	)	-		(50,042	)
Income tax benefit	(3,366	)	(3,062	)	(6,428	)	(2,740	)	(4,910	)	(7,650	)
Earnings (loss) from continuing operations	(4,144	)	2,972		(1,172	)	(47,302	)	4,910		(42,392	)
Earnings from discontinued operations	-		-		-		124,820		-		124,820
Net earnings (loss)	(4,144	)	2,972		(1,172	)	77,518		4,910		82,428
Dividends and accretion on preferred stock	(4,197	)	-		(4,197	)	(10,328	)	-		(10,328	)
Earnings (loss) attributable to common shareholders	(8,341	)	2,972		(5,369	)	67,190		4,910		72,100
Basic and diluted earnings (loss) per share:
Earnings (loss) from continuing operations operations	(0.08	)	0.03		(0.05	)	(0.65	)	0.06		(0.59	)
Earnings from discontinued operations	-		-		-		1.40		-		1.40
Earnings (loss) attributable to common shareholders	(0.08	)	0.03		(0.05	)	0.75		0.06		0.81

	As at January 1, 2022
	As Previously Reported		Adjustment		As Revised
	$		$		$
Consolidated Balance Sheet
Inventories	220,143		(365	)	219,778
Total current assets	329,969		(365	)	329,604
Total assets	755,119		(365	)	754,754
Accounts payable and accrued liabilities	121,430		(275	)	121,155
Deferred income tax liability - long-term	22,485		(8,434	)	14,051
Total liabilities	421,990		(8,709	)	413,281
Accumulated deficit	(156,082	)	8,344		(147,738	)
Total shareholders' equity	304,984		8,344		313,328
Total liabilities and shareholders' equity	755,119		(365	)	754,754

 

	Year Ended January 1, 2022						Year Ended January 2, 2021
	As Previously Reported		Adjustment		As Revised		As Previously Reported		Adjustment		As Revised
	$		$		$		$		$		$
Consolidated Statements of Cash Flows
Earnings (loss) from continuing operations	(4,144	)	2,972		(1,172	)	(47,302	)	4,910		(42,392	)
Items not affecting cash:
Deferred income taxes	(2,923	)	(3,062	)	(5,985	)	7,553		(4,910	)	2,643
Changes in operating assets and liabilities	(63,755	)	90		(63,665	)	17,131		-		17,131
Net cash provided by (used in) operating activities of continuing operations	(21,432	)	-		(21,432	)	52,663		-		52,663

Schedule of useful life for property plant and equipment [Table Text Block]

Buildings	20 - 40 years
Machinery and equipment	5 - 20 years
Enterprise software	3 - 5 years
Office furniture and equipment	3 - 7 years
Vehicles	3 - 7 years