| Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] |
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3.
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Consolidated
financial statement details
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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:
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July
3, 2011
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January
2, 2011
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Accounts
receivable
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$
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29,199
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$
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35,066
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Taxes
receivable
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537
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537
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Allowance
for doubtful accounts
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(312
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)
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(312
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)
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Accounts
receivable—net
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$
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29,424
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$
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35,291
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Inventories:
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July
3, 2011
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January
2, 2011
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Raw
materials
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$
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25,961
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$
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30,218
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Work
in process
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5,781
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8,384
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Finished
goods
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1,576
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2,461
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Parts
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1,281
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1,350
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Inventories
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$
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34,599
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$
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42,413
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Property,
plant and equipment – net:
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July
3, 2011
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January
2, 2011
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Cost:
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Land
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$
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1,648
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$
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1,648
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Buildings
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9,878
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9,878
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Machinery
and equipment (a)
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33,533
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32,068
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Office
furniture and equipment
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2,398
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2,396
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Computer
hardware and software (b)
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9,211
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9,113
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Leasehold
improvements
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3,147
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3,123
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59,815
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58,226
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Less
accumulated depreciation:
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Land
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—
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—
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Buildings
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(5,539
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)
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(5,283
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)
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Machinery
and equipment (a)
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(25,762
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)
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(24,957
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)
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Office
furniture and equipment
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(2,337
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)
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(2,326
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)
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Computer
hardware and software (b)
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(8,915
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)
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(8,825
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)
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Leasehold
improvements
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(2,969
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)
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(2,944
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)
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(45,522
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)
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(44,335
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)
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Property,
plant and equipment—net
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$
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14,293
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$
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13,891
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(a)
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Included
within machinery and equipment were assets under
capital leases with costs of $4,976 and $8,577 as at
July 3, 2011 and January 2, 2011, respectively and
associated accumulated depreciation of $1,329 and
$4,958 as of July 3, 2011and January 2, 2011,
respectively. The related depreciation expense for
the three months ended July 3, 2011 and July 4,
2010 were $140 and $215, respectively.
Related depreciation expense for the six months ended
July 3, 2011 and July 4, 2010 was $355 and $431,
respectively. During the period ended July
3, 2011, the Company assumed ownership of machinery
and equipment formerly under capital lease with cost
of $5,067 and accumulated depreciation of $3,985,
upon conclusion of the capital lease terms. Nominal
consideration was paid for these assets. These assets
were reclassified to regular machinery and equipment
on a prospective basis.
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(b)
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Included
within computer hardware and software were assets
under capital leases with costs of $268 as at both
July 3, 2011 and January 2, 2011, and associated
accumulated depreciation of $268 and $225, as of July
3, 2011 and January 2, 2011, respectively. The
related depreciation expense for the three months
ended July 3, 2011 and July 4, 2010 was $21 and $22,
respectively. Related depreciation for the six months
ended July 3, 2011 and July 4, 2010 was $43 and $44,
respectively.
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Deferred
financing costs:
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July
3,
2011
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January
2,
2011
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Deferred
financing costs
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$
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2,777
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$
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2,777
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Accumulated
amortization
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(2,406
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)
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(2,297
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)
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$
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371
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$
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480
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Accrued
liabilities:
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July
3,
2011
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January
2,
2011
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Customer
related
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$
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1,425
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$
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1,469
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Payroll
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2,327
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6,424
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Professional
services
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460
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794
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Vendor
related
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81
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35
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Miscellaneous
taxes
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96
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131
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Restructuring
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1,199
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—
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Other
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461
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446
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Accrued
liabilities
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$
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6,080
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$
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9,299
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Consolidated
statements of operations and comprehensive
income
Interest
expense:
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Three months ended
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Six
months ended
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July
3,
2011
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July
4,
2010
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July
3,
2011
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July
4,
2010
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Long-term
debt
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$
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318
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$
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465
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$
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563
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$
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983
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Obligations
under capital leases
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51
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28
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90
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62
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Other
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(1
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)
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(42
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)
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2
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(105
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)
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Interest
expense
|
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$
|
369
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$
|
451
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$
|
655
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$
|
940
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