Annual report pursuant to Section 13 and 15(d)

Note 5 - Capital Stock

v3.3.1.900
Note 5 - Capital Stock
 12 Months Ended
Jan. 03, 2016
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 3, 2016 and December 28, 2014 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 3, 2016, 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 3, 2016
 
 
December 28, 2014
 
 
December
29, 2013
 
 
 
Number
of shares
 
 
$
 
 
Number
of shares
 
 
$
 
 
Number
of shares
 
 
$
 
Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                 
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
     16,417,276     $ 390       16,417,256     $ 390       16,344,193     $ 389  
Shares issued pursuant to:
                                                
Exercise of stock options
     —       —       —       —       73,063       1  
Conversion of restricted stock units
     67,779       1       20       —       —       —  
                                                 
Balance at end of the year
     16,485,055     $ 391       16,417,276     $ 390       16,417,256     $ 390  
                                                 
Total Common Stock
           $ 391             $ 390             $ 390  
 
 
 Exchangeable shares:
 
During the year ended 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. During the year ended December 29, 2013 there were no issued or outstanding exchangeable shares.