Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Balance Sheets (Current Period Unaudited)

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Interim Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Oct. 01, 2017
Jan. 01, 2017
Current assets:    
Cash $ 2,935 $ 8,503
Accounts receivable — net (note 4) 23,165 22,624
Inventories (note 4) 21,217 20,674
Prepaid expenses and other assets 1,689 2,453
Derivative assets (note 10) 182 0
Income taxes receivable 17 17
Total current assets: 49,205 54,271
Property, plant and equipment — net (note 4) 10,962 14,437
Deferred income taxes — net 469 226
Deferred financing costs — net 102 70
Total assets: 60,738 69,004
Current liabilities:    
Revolving credit facility (note 5) 5,909 2,731
Accounts payable 20,344 23,078
Accrued liabilities (note 4) 5,814 4,604
Derivative liabilities (note 10) 0 1,256
Income taxes payable 46 190
Current portion of long-term debt (note 5) 2,000 2,000
Current portion of capital lease obligations 171 389
Total current liabilities: 34,284 34,248
Long-term debt (note 5) 6,500 8,000
Capital lease obligations 135 269
Shareholders’ equity:    
Capital stock (note 6) 394 391
Additional paid-in capital 265,198 264,928
Deficit (245,773) (238,832)
Total shareholder’s equity 19,819 26,487
Total liabilities and shareholder’s equity $ 60,738 $ 69,004