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Note 1 - Nature of the Business
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12 Months Ended | ||
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Dec. 30, 2012
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| Business Description and Basis of Presentation [Text Block] |
SMTC
Corporation (the “Company”) is a worldwide
provider of advanced electronics manufacturing services to
original equipment manufacturers. The Company services its
customers through manufacturing and technology centers
located in the United States, Canada, Mexico and China. The
Canada facility is expected to be closed in the second
quarter of 2013. All facilities provide a full suite of
integrated manufacturing services including assembly,
testing, box build, final product integration, and expanded
supply chain capabilities. In addition, the Company operates
an international sourcing and procurement office.
The
Company’s financial reporting year is a 52 or 53 week
fiscal period, ending on the Sunday nearest December 31.
Accordingly, the consolidated statements of operations and
comprehensive income, the consolidated statements of changes
in shareholders’ equity, and consolidated statements of
cash flows are reported for the periods from January 2, 2012
to December 30, 2012 (“period ended December 30,
2012”), January 3, 2011 to January 1, 2012
(“period ended January 1, 2012”), and January 4,
2010 to January 2, 2011 (“period ended January 2,
2011”). Certain comparative figures have been restated
to conform with the current year’s presentation.
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- Definition
The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). No definition available.
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