Annual report pursuant to Section 13 and 15(d)

Note 5 - Capital Stock

v3.7.0.1
Note 5 - Capital Stock
 12 Months Ended
Jan. 01, 2017
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
5.
Capital stock
 
Common shares
 
Authorized share capital:
 
The authorized share capital of the Company at
January
1,
2017
and
January
3,
2016
consisted of:
 
 
(i)
26,000,000
shares of common stock, par value
$0.01
per share: Holders are entitled to
one
vote per share and the right to share in dividends pro rata subject to any preferential dividend rights of any then outstanding preferred stock.
 
 
(ii)
5,000,000
shares of special voting stock, par value
$0.01
per share: From time to time the Company
may
issue special voting stock in
one
or more series and will fix the terms of that series at the time it is created. As at
January
1,
2017,
there was
no
outstanding special voting stock. 
 
Issued and outstanding:
 
The outstanding number of common shares included in shareholders’ equity consisted of the following as at the following dates:
 
 
 
January 1, 2017
 
 
January 3, 2016
 
 
December
28, 2014
 
 
 
Number
of shares
 
 
 
 $
 
 
Number
of shares
 
 
 
 $
 
 
Number
of shares
 
 
 
 $
 
                                                 
                                                 
Exchangeable shares:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                 
Balance at beginning of the period
    
—
     $
—
      
—
     $
—
      
—
     $
—
  
Shares issued pursuant to:
                                                
Issued for conversion to common stock
    
—
      
—
      
—
      
—
      
20
      
—
  
Conversion to common stock
    
—
      
—
      
—
      
—
      
(20
)
    
—
  
                                                 
Balance at end of the year
    
—
     $
—
      
—
     $
—
      
—
     $
—
  
                                                 
Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                 
Balance at beginning of the period
    
16,485,055
     $
391
      
16,417,276
     $
390
      
16,417,256
     $
390
  
Shares issued pursuant to:
                                                
Conversion of restricted stock units
    
25,125
      
—
      
67,779
      
1
      
20
      
—
  
                                                 
Balance at end of the year
    
16,510,180
     $
391
      
16,485,055
     $
391
      
16,417,276
     $
390
  
                                                 
Total Common Stock
    
 
     $
391
      
 
     $
391
      
 
     $
390
  
 
 Exchangeable shares:
 
During the year ended
January
1,
2017
and
January
3,
2016,
there were
no
issued or outstanding exchangeable shares. During the year ended
December
28,
2014,
20
exchangeable shares were issued and converted to common shares.