Other Income, Net |
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Mar. 28, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Income and Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Income, Net [Text Block] |
9. Other Income, Net The components of other expense (income) were as follows:
(1) For the quarter ended March 28, 2020, income represents a gain on the settlement of the final contingent consideration obligation payable under an earn-out arrangement with the former unitholders of Citrusource, LLC, which was acquired by the Company in March 2015. As at March 28, 2020, the remaining $2.0 million obligation (December 28, 2019 - $4.3 million) was recorded in the current portion of long-term liabilities on the consolidated balance sheets. (2) Employee termination and recruitment costs For the quarter ended March 28, 2020, expenses represent severance benefits of $1.0 million for employees terminated in connection with the consolidation of the Company's corporate office functions under the Value Creation Plan, net of reversal of $0.5 million of previously recognized stock-based compensation expense related to forfeited awards previously granted to terminated employees. For the quarter ended March 30, 2019, expenses represent severance benefits of $2.9 million for employees terminated in connection with the Value Creation Plan, including the Company's former CEO and employees impacted by the sale of soy and corn business, net of the reversal of $2.1 million of previously recognized stock-based compensation. In addition, expenses include recruitment costs related to the Company's CEO transition. (3) Facility closure costs For the quarter ended March 28, 2020, expenses relate to costs to close an organic ingredient warehousing facility located in China. For the quarter ended March 30, 2019, expenses include costs to dismantle and move equipment from a former soy extraction facility located in Heuvelton, New York, which was sold in April 2019. |