XML 20 R10.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Sale of Assets
6 Months Ended
Jun. 29, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Sale of Assets [Text Block]

3. Sale of Assets

On March 4, 2024, the Company completed the sale of the net assets related to its smoothie bowls product line, including inventories and equipment, for a purchase price of $6.3 million, subject to a final working capital adjustment. The purchase price comprised $3.3 million in cash and a $3.0 million secured promissory note, which matured on August 1, 2024, and is recorded in prepaid expenses and other current assets on the consolidated balance sheet as at June 29, 2024. The Company recognized a pre-tax gain on sale of $1.8 million, which is recorded in other income of continuing operations on the consolidated statement of operations for the two quarters ended June 29, 2024.