Quarterly report pursuant to Section 13 or 15(d)

Note 3. Consolidated Financial Statement Details

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Note 3. Consolidated Financial Statement Details
 6 Months Ended
Jul. 01, 2012
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
3.        Consolidated financial statement details

The following consolidated financial statement details are presented as of the period ended for the consolidated balance sheets and for the periods ended for each of the consolidated statements of operations and comprehensive income.

Consolidated balance sheets

Accounts receivable – net:

   
July 1, 2012
   
January 1, 2012
 
Accounts receivable
  $ 39,864     $ 37,959  
Allowance for doubtful accounts
    (18 )     (55 )
Accounts receivable—net
  $ 39,846     $ 37,904  

Inventories:

   
July 1, 2012
   
January 1, 2012
 
Raw materials
  $ 38,697     $ 37,438  
Work in process
    16,061       9,716  
Finished goods
    4,520       4,047  
Parts
    1,422       1,447  
Inventories
  $ 60,700     $ 52,648  

Property, plant and equipment – net:

   
July 1, 2012
   
January 1, 2012
 
Cost:
           
Land
  $ 1,648     $ 1,648  
Buildings
    9,878       9,878  
Machinery and equipment (a)
    39,209       35,743  
Office furniture and equipment
    2,478       2,417  
Computer hardware and software (b)
    9,997       9,365  
Leasehold improvements
    3,505       3,275  
      66,715       62,326  
                 
Less accumulated depreciation:
               
Land
    —       —  
Buildings
    (6,051 )     (5,795 )
Machinery and equipment (a)
    (27,883 )     (26,833 )
Office furniture and equipment
    (2,366 )     (2,350 )
Computer hardware and software (b)
    (9,156 )     (9,001 )
Leasehold improvements
    (3,039 )     (2,992 )
      (48,495 )     (46,971 )
Property, plant and equipment—net
  $ 18,220     $ 15,355  

(a)   Included within machinery and equipment were assets under capital leases with costs of $6,112 and $5,569 as at July 1, 2012 and January 1, 2012, respectively and associated accumulated depreciation of $1,424 and $1,088 as of July 1, 2012 and January 1, 2012, respectively. The related depreciation expense for the three months ended July 1, 2012 and July 3, 2011 were $176 and $140, respectively. Related depreciation expense for the six months ended July 1, 2012 and July 3, 2011 was $343 and $355, respectively.

(b)   Included within computer hardware and software were assets under capital leases with costs of $400 and associated accumulated depreciation of $56 as at July 1, 2012.  There were no computer hardware and software under capital leases as at January 1, 2012.  The related depreciation expense for the three months ended July 1, 2012 and July 3, 2011 was $34 and $21, respectively. Related depreciation for the six months ended July 1, 2012 and July 3, 2011 was $56 and $43, respectively.

(c)   Included within leasehold improvements were assets under capital leases with costs of $73 and associated accumulated depreciation of $3 as at July 1, 2012.  There were no leasehold improvements under capital leases as at January 1, 2012.  The related depreciation expense for the three and six months ended July 1, 2012 was $3.

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Deferred financing costs:

   
July 1, 2012
   
January 1, 2012
 
Deferred financing costs
  $ 1,356     $ 1,356  
Accumulated amortization
    (645 )     (440 )
    $ 711     $ 916  

Accrued liabilities:

   
July 1, 2012
   
January 1, 2012
 
Customer related
  $ 1,591     $ 1,892  
Payroll
    3,236       3,169  
Professional services
    395       485  
Vendor related
    278       722  
Interest and financing related
    133       127  
Restructuring (note 9)
    575       915  
Acquisition related
    1,179       2,400  
Other
    889       454  
Accrued liabilities
  $ 8,276     $ 10,164  

Consolidated statements of operations and comprehensive income

Interest expense:

   
Three months ended
   
Six months ended
 
   
July 1,
2012
   
July 3,
2011
   
July 1,
2012
   
July 3,
2011
 
Long-term debt
  $ 494     $ 317     $ 888     $ 565  
Obligations under capital leases
    48       51       117       90  
Interest expense
  $ 542     $ 369     $ 1,005     $ 655