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Note 1 - Nature of the Business
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12 Months Ended |
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Jan. 01, 2012
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| Nature of Operations [Text Block] |
1.
Nature
of the business
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
Company has a manufacturing relationship with Alco
Electronics Ltd. (“Alco”), a Hong
Kong-headquartered, publicly-traded company with large scale
manufacturing operations in China. All facilities provides 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.
Effective
June 30, 2009, the Company closed its Boston, Massachusetts
facility. Results of this operation are reported
as discontinued operations in comparative reporting
periods.
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 3, 2011
to January 1, 2012 (“period ended January 1,
2012”), January 4, 2010 to January 2, 2011
(“period ended January 2, 2011”) and January 5,
2009 to January 3, 2010 (“period ended January 3,
2010”).
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