Consolidated Balance Sheets |
|
|
January 3,
2021
|
|
|
December 29,
2019
|
|
Trade accounts receivable
|
|
$
|
70,248
|
|
|
$
|
71,113
|
|
Other receivables
|
|
|
1,836
|
|
|
|
1,098
|
|
Allowance for doubtful accounts
|
|
|
(2,457
|
)
|
|
|
(2,292
|
)
|
Accounts receivable—net
|
|
$
|
69,627
|
|
|
$
|
69,919
|
|
|
|
January 3,
2021
|
|
|
December 29,
2019
|
|
Opening
|
|
$
|
26,271
|
|
|
$
|
20,405
|
|
Contract assets additions
|
|
|
368,142
|
|
|
|
358,043
|
|
Contract assets invoiced
|
|
|
(355,077
|
)
|
|
|
(352,177
|
)
|
Ending
|
|
$
|
39,336
|
|
|
$
|
26,271
|
|
|
|
January 3,
2021
|
|
|
December 29,
2019
|
|
Raw materials
|
|
$
|
50,793
|
|
|
$
|
48,067
|
|
Parts and other
|
|
|
482
|
|
|
|
586
|
|
Provision for obsolescence (1)
|
|
|
(1,476
|
)
|
|
|
(827
|
)
|
Inventories
|
|
$
|
49,799
|
|
|
$
|
47,826
|
|
|
(1)
|
The increase in the provision for obsolescence primarily pertains to customers serviced out of the Zacatecas facility. These have been provisioned and included with the restructuring charges for the planned closure of the facility. Refer to note 14 for further details.
|
|
|
January 3,
2021
|
|
|
December 29,
2019
|
|
Cost:
|
|
|
|
|
|
|
|
|
Land
|
|
$
|
1,648
|
|
|
$
|
1,648
|
|
Buildings (b)
|
|
|
19,828
|
|
|
|
18,985
|
|
Machinery and equipment (a) (e)
|
|
|
44,996
|
|
|
|
42,732
|
|
Office furniture and equipment (c) (e)
|
|
|
949
|
|
|
|
1,005
|
|
Computer hardware and software (d)(e)
|
|
|
4,056
|
|
|
|
3,979
|
|
Leasehold improvements (e)
|
|
|
4,387
|
|
|
|
4,265
|
|
|
|
|
75,864
|
|
|
|
72,614
|
|
Less accumulated depreciation and impairment:
|
|
|
|
|
|
|
|
|
Land
|
|
|
—
|
|
|
|
—
|
|
Buildings (b)
|
|
|
(11,498
|
)
|
|
|
(10,392
|
)
|
Machinery and equipment (a) (e)
|
|
|
(34,182
|
)
|
|
|
(31,192
|
)
|
Office furniture and equipment (c) (e)
|
|
|
(455
|
)
|
|
|
(546
|
)
|
Computer hardware and software (d) (e)
|
|
|
(3,270
|
)
|
|
|
(3,289
|
)
|
Leasehold improvements (e)
|
|
|
(2,154
|
)
|
|
|
(1,885
|
)
|
|
|
|
(51,559
|
)
|
|
|
(47,304
|
)
|
Property, plant and equipment—net
|
|
$
|
24,305
|
|
|
$
|
25,310
|
|
|
(a)
|
Included within machinery and equipment were assets under finance leases with costs of $4,852 as of January 3, 2021 and $2,275 as of December 29, 2019 and associated accumulated depreciation of $1,693 and $974 as of January 3, 2021 and December 29, 2019, respectively. The related depreciation expense for the year ended January 3, 2021 and December 29, 2019 was $719 and $565, respectively.
|
|
(b)
|
Included within buildings were assets under finance leases with costs of $9,684 and $9,082 and associated accumulated depreciation of $1,707 and $900 as of January 3, 2021 and December 29, 2019, respectively. The related depreciation expense for the year ended January 3, 2021 and December 29, 2019 was $807 and $804, respectively.
|
|
(c)
|
Included within office furniture and equipment were assets under finance leases with costs of $343 and $307 and associated accumulated depreciation of $118 and $52 as of January 3, 2021 and December 29, 2019, respectively. The related depreciation expense for the year ended January 3, 2021 and December 29, 2019 was $66 and $46, respectively.
|
|
(d)
|
Included within computer hardware were assets under finance leases with costs of $91 and $91 and associated accumulated depreciation of $81 and $51 as of January 3, 2021 and December 29, 2019, respectively. The related depreciation expense for the year ended January 3, 2021 and December 29, 2019was $30 and $31, respectively.
|
(e) Property, plant and equipment with cost of $1,884 and accumulated amortization of $1,872 was written off in 2020. Included in restructuring charges for 2020 were write down charges of $61 associated with property, plant and equipment with a cost of $101 and accumulated amortization of $40 with no future benefit related to the Zacatecas manufacturing facility (refer to note 14).
|
|
January 3,
2021
|
|
|
December 29,
2019
|
|
Cost:
|
|
|
|
|
|
|
|
|
Customer relationships
|
|
$
|
12,350
|
|
|
$
|
12,350
|
|
Order backlog
|
|
|
6,990
|
|
|
|
6,990
|
|
Trade name
|
|
|
1,300
|
|
|
|
1,300
|
|
Non-compete agreements
|
|
|
360
|
|
|
|
360
|
|
|
|
|
21,000
|
|
|
|
21,000
|
|
Less accumulated amortization:
|
|
|
|
|
|
|
|
|
Customer relationships
|
|
|
(2,649
|
)
|
|
|
(1,414
|
)
|
Order backlog
|
|
|
(6,990
|
)
|
|
|
(5,333
|
)
|
Trade name
|
|
|
(1,300
|
)
|
|
|
(1,300
|
)
|
Non-compete agreements
|
|
|
(360
|
)
|
|
|
(206
|
)
|
|
|
|
(11,299
|
)
|
|
|
(8,253
|
)
|
Intangible assets—net
|
|
$
|
9,701
|
|
|
$
|
12,747
|
|
|
|
January 3,
2021
|
|
|
December 29,
2019
|
|
U.S.
|
|
$
|
2,910
|
|
|
$
|
3,824
|
|
Mexico
|
|
|
6,791
|
|
|
|
8,923
|
|
Total
|
|
$
|
9,701
|
|
|
$
|
12,747
|
|
|
|
January 3,
2021
|
|
|
December 29,
2019
|
|
U.S.
|
|
$
|
5,449
|
|
|
$
|
5,449
|
|
Mexico
|
|
|
12,716
|
|
|
|
12,716
|
|
Total
|
|
$
|
18,165
|
|
|
$
|
18,165
|
|
|
|
January 3,
2021
|
|
|
December 29,
2019
|
|
Payroll
|
|
$
|
8,084
|
|
|
$
|
5,504
|
|
Customer related
|
|
|
6,177
|
|
|
|
2,185
|
|
Deferred revenue
|
|
|
4,152
|
|
|
|
—
|
|
Professional services
|
|
|
1,284
|
|
|
|
612
|
|
Vendor related
|
|
|
904
|
|
|
|
1,742
|
|
Interest
|
|
|
426
|
|
|
|
483
|
|
Other
|
|
|
919
|
|
|
|
638
|
|
Total
|
|
$
|
21,946
|
|
|
$
|
11,164
|
|
|