2018 Q1 Form 10-Q Financial Statement
#000106299318002024 Filed on May 09, 2018
Income Statement
| Concept | 2018 Q1 | 2017 Q2 |
|---|---|---|
| Revenue | $312.7M | $330.0M |
| YoY Change | -6.32% | |
| Cost Of Revenue | $279.0M | $291.3M |
| YoY Change | -9.07% | |
| Gross Profit | $33.68M | $38.70M |
| YoY Change | 21.31% | |
| Gross Profit Margin | 10.77% | 11.73% |
| Selling, General & Admin | $28.29M | $38.27M |
| YoY Change | 57.5% | |
| % of Gross Profit | 83.98% | 98.9% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $8.141M | $8.180M |
| YoY Change | -6.62% | |
| % of Gross Profit | 24.17% | 21.14% |
| Operating Expenses | $28.29M | $38.27M |
| YoY Change | 32.89% | |
| Operating Profit | $5.396M | $427.0K |
| YoY Change | -86.23% | |
| Interest Expense | $8.220M | $7.754M |
| YoY Change | -29.65% | |
| % of Operating Profit | 152.34% | 1815.93% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$6.155M | -$16.15M |
| YoY Change | 30.63% | |
| Income Tax | -$1.693M | -$4.969M |
| % Of Pretax Income | ||
| Net Earnings | -$4.363M | -$11.40M |
| YoY Change | 11.38% | |
| Net Earnings / Revenue | -1.4% | -3.45% |
| Basic Earnings Per Share | -$0.07 | -$0.16 |
| Diluted Earnings Per Share | -$0.07 | -$0.16 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 86.81M shares | 85.93M shares |
| Diluted Shares Outstanding | 86.81M shares | 85.93M shares |
Balance Sheet
| Concept | 2018 Q1 | 2017 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.900M | $3.500M |
| YoY Change | -36.36% | |
| Cash & Equivalents | $2.924M | $3.511M |
| Short-Term Investments | ||
| Other Short-Term Assets | $38.40M | $26.10M |
| YoY Change | -68.21% | |
| Inventory | $334.5M | $343.8M |
| Prepaid Expenses | ||
| Receivables | $143.4M | $168.9M |
| Other Receivables | $9.100M | $2.800M |
| Total Short-Term Assets | $528.3M | $545.1M |
| YoY Change | -9.39% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $164.5M | $162.2M |
| YoY Change | -6.57% | |
| Goodwill | $109.7M | $223.7M |
| YoY Change | ||
| Intangibles | $169.3M | $180.7M |
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $8.000M | $9.100M |
| YoY Change | -30.53% | |
| Total Long-Term Assets | $451.6M | $578.8M |
| YoY Change | -6.79% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $528.3M | $545.1M |
| Total Long-Term Assets | $451.6M | $578.8M |
| Total Assets | $979.9M | $1.124B |
| YoY Change | -8.07% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $162.7M | $187.3M |
| YoY Change | 39.46% | |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $236.6M | $195.1M |
| YoY Change | -3.63% | |
| Long-Term Debt Due | $2.190M | $2.034M |
| YoY Change | -7.55% | |
| Total Short-Term Liabilities | $416.4M | $399.4M |
| YoY Change | -0.4% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $225.6M | $228.8M |
| YoY Change | -27.12% | |
| Other Long-Term Liabilities | $2.400M | $15.24M |
| YoY Change | -14.85% | |
| Total Long-Term Liabilities | $225.6M | $244.0M |
| YoY Change | -26.46% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $416.4M | $399.4M |
| Total Long-Term Liabilities | $225.6M | $244.0M |
| Total Liabilities | $659.2M | $684.4M |
| YoY Change | -14.82% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $40.50M | |
| YoY Change | ||
| Common Stock | $25.15M | |
| YoY Change | 7.64% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $238.6M | $356.6M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $979.9M | $1.124B |
| YoY Change | -8.07% |
Cashflow Statement
| Concept | 2018 Q1 | 2017 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$4.363M | -$11.40M |
| YoY Change | 11.38% | |
| Depreciation, Depletion And Amortization | $8.141M | $8.180M |
| YoY Change | -6.62% | |
| Cash From Operating Activities | $7.506M | $19.48M |
| YoY Change | -213.68% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $6.735M | $9.024M |
| YoY Change | 98.46% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | -$110.0K |
| YoY Change | ||
| Cash From Investing Activities | -$6.035M | -$8.664M |
| YoY Change | 82.86% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $1.700M | $1.591M |
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | $522.0K | $527.0K |
| YoY Change | -94.97% | |
| Cash From Financing Activities | -$1.804M | -$8.567M |
| YoY Change | -134.8% | |
| NET CHANGE | ||
| Cash From Operating Activities | $7.506M | $19.48M |
| Cash From Investing Activities | -$6.035M | -$8.664M |
| Cash From Financing Activities | -$1.804M | -$8.567M |
| Net Change In Cash | -$333.0K | $2.250M |
| YoY Change | -18.03% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $7.506M | $19.48M |
| Capital Expenditures | $6.735M | $9.024M |
| Free Cash Flow | $771.0K | $10.46M |
| YoY Change | -148.23% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
161364000 | USD |
| CY2018Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-5225000 | USD |
| CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
238633000 | USD |
| CY2018Q1 | us-gaap |
Minority Interest
MinorityInterest
|
1596000 | USD |
| CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
979887000 | USD |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
163624000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
363000 | USD |
| CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
8017000 | USD |
| CY2017Q4 | us-gaap |
Assets
Assets
|
982173000 | USD |
| CY2017Q4 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
4901000 | USD |
| CY2017Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
1351000 | USD |
| CY2017Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
818000 | USD |
| CY2017Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
5300000 | USD |
| CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
410052000 | USD |
| CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
8352000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
15850000 | USD |
| CY2017Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
308899000 | USD |
| CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-89291000 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
240346000 | USD |
| CY2017Q4 | us-gaap |
Minority Interest
MinorityInterest
|
1575000 | USD |
| CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
982173000 | USD |
| CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
659198000 | USD |
| CY2017Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
125152000 | USD |
| CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
86757334 | shares |
| CY2017Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
234090000 | USD |
| CY2017Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
28006000 | USD |
| CY2017Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
12006000 | USD |
| CY2018Q1 | us-gaap |
Assets Current
AssetsCurrent
|
528282000 | USD |
| CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
33213000 | USD |
| CY2018Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
8141000 | USD |
| CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2171000 | USD |
| CY2018Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1000 | USD |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
7506000 | USD |
| CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6735000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
309000 | USD |
| CY2018Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
522000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-40000 | USD |
| CY2018Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
29000 | USD |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-304000 | USD |
| CY2017Q2 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-7341000 | USD |
| CY2017Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
19481000 | USD |
| CY2017Q2 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-143000 | USD |
| CY2017Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9024000 | USD |
| CY2017Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
8180000 | USD |
| CY2017Q2 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
527000 | USD |
| CY2017Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
852000 | USD |
| CY2017Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
2260000 | USD |
| CY2017Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-38000 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
-23335000 | USD |
| CY2018Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-1286000 | USD |
| CY2018Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | USD |
| CY2018Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
74191000 | USD |
| CY2018Q1 | stkl |
Company Owned Grain Inventory
CompanyOwnedGrainInventory
|
10738000 | USD |
| CY2018Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
7855000 | USD |
| CY2017Q4 | stkl |
Company Owned Grain Inventory
CompanyOwnedGrainInventory
|
9937000 | USD |
| CY2017Q4 | us-gaap |
Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
|
262527000 | USD |
| CY2017Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
9975000 | USD |
| CY2017Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
92489000 | USD |
| CY2018Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2018Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | |
| CY2018Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
SunOpta Inc. | |
| CY2018Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-29 | |
| CY2018Q1 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
2171000 | USD |
| CY2018Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The interim consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X promulgated under the Securities Exchange Act of 1934</font><font style='font-family:Times New Roman;font-size:10pt;' >, as amended, and in </font><font style='font-family:Times New Roman;font-size:10pt;' >accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Accordingly, these condensed interim consolidated financial statements do not include all of the</font><font style='font-family:Times New Roman;font-size:10pt;' > disclosures required by U.S. GAAP for annual financial statements. In the opinion of management, all adjustments considered necessary for fair presentation have been included and all such adjustments are of a normal, recurring nature. Operating results </font><font style='font-family:Times New Roman;font-size:10pt;background-color:#FFFF00;' >for the quarter ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;background-color:#FFFF00;' >March 31, 2018</font><font style='font-family:Times New Roman;font-size:10pt;' > are not necessarily indicative of the results that may be expected for the full </font><font style='font-family:Times New Roman;font-size:10pt;' >fiscal </font><font style='font-family:Times New Roman;font-size:10pt;' >year ending </font><font style='font-family:Times New Roman;font-size:10pt;background-color:#FFFF00;' >December 29, 2018</font><font style='font-family:Times New Roman;font-size:10pt;' > or for any other period. </font><font style='font-family:Times New Roman;font-size:10pt;' >The interim consolidated financial statements include the accounts of the Comp</font><font style='font-family:Times New Roman;font-size:10pt;' >any and its subsidiaries, and have been prepared on a basis consistent with the annual consolidated financial statements for the year ended </font><font style='font-family:Times New Roman;font-size:10pt;background-color:#FFFF00;' >December 30, 2017</font><font style='font-family:Times New Roman;font-size:10pt;' >, except as described below under “Recent Accounting </font><font style='font-family:Times New Roman;font-size:10pt;' >Pronouncements </font><font style='font-family:Times New Roman;font-size:10pt;' >–</font><font style='font-family:Times New Roman;font-size:10pt;' > Adoption of New Accounting Stan</font><font style='font-family:Times New Roman;font-size:10pt;' >dards</font><font style='font-family:Times New Roman;font-size:10pt;' >”</font><font style='font-family:Times New Roman;font-size:10pt;' >. For further information, refer to the consolidated financial statements, and notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended </font><font style='font-family:Times New Roman;font-size:10pt;background-color:#FFFF00;' >December 30, 2017</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p></div> | |
| CY2018Q1 | us-gaap |
Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
|
257407000 | USD |
| CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-2299000 | USD |
| CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-2320000 | USD |
| CY2017Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
518000 | USD |
| CY2017Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
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| CY2018Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
13000 | USD |
| CY2017Q2 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
852000 | USD |
| CY2017Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1000000 | USD |
| CY2018Q1 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
402000 | USD |
| CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
8220000 | USD |
| CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-6155000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
5376000 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
4733000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
381000 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
12410000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
|
-1400000 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
|
1887000 | USD |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6035000 | USD |
| CY2017Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8664000 | USD |
| CY2018Q1 | us-gaap |
Year Founded
YearFounded
|
1973 | |
| CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
2163000 | USD |
| CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
1840000 | USD |
| CY2018Q1 | dei |
Trading Symbol
TradingSymbol
|
STKL | |
| CY2018Q1 | us-gaap |
Inventory Net
InventoryNet
|
334481000 | USD |
| CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
240229000 | USD |
| CY2018Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-99000 | USD |
| CY2017Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
214000 | USD |
| CY2018Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
86840122 | shares |
| CY2017Q4 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0 | |
| CY2018Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
136000 | USD |
| CY2017Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
94000 | USD |
| CY2018Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2018Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000351834 | |
| CY2018Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2018Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2018Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
| CY2018Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
| CY2018Q1 | us-gaap |
Operating Cycle
OperatingCycle
|
The fiscal year of the Company consists of a 52- or 53-week period ending on the Saturday closest to December 31. Fiscal year 2018 is a 52-week period ending on December 29, 2018, with quarterly periods ending on March 31, June 30 and September 29, 2018. Fiscal year 2017 was a 52-week period ending on December 30, 2017, with quarterly periods ending on April 1, July 1 and September 30, 2017. | |
| CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
86757334 | shares |
| CY2017Q2 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-120000 | USD |
| CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1693000 | USD |
| CY2017Q2 | us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
-429000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
3341000 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
-1460000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
12359000 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
11127000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-18302000 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
|
3723000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
|
339000 | USD |
| CY2017Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1094000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
149000 | USD |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2924000 | USD |
| CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
369413000 | USD |
| CY2018Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
608000 | USD |
| CY2017Q2 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
486000 | USD |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1804000 | USD |
| CY2017Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-8567000 | USD |
| CY2018Q1 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0 | |
| CY2017Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-5443000 | USD |
| CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
598000 | USD |
| CY2018Q1 | us-gaap |
Severance Costs1
SeveranceCosts1
|
232000 | USD |
| CY2017Q2 | us-gaap |
Severance Costs1
SeveranceCosts1
|
1750000 | USD |
| CY2018Q1 | us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
-91000 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-26358000 | USD |
| CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-4462000 | USD |
| CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4363000 | USD |
| CY2017Q2 | us-gaap |
Revenues
Revenues
|
330031000 | USD |
| CY2018Q1 | stkl |
Segment Operating Income Loss
SegmentOperatingIncomeLoss
|
6418000 | USD |
| CY2017Q2 | stkl |
Segment Operating Income Loss
SegmentOperatingIncomeLoss
|
10699000 | USD |
| CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
172059000 | USD |
| CY2018Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
169317000 | USD |
| CY2018Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2018Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-03-31 | |
| CY2017Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-11184000 | USD |
| CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11398000 | USD |
| CY2018Q1 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
80460000 | USD |
| CY2017Q4 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
80193000 | USD |
| CY2018Q1 | us-gaap |
Fiscal Period
FiscalPeriod
|
<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;color:#000000;' >The fiscal year of the Company consists of a </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >52- or 53-week period ending on the Saturday closest to December 31. Fiscal year 201</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > is a 52-w</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >eek period ending on December 29</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >, 201</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >, with qua</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >rterly periods ending on March 31, June 30 and September 29</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >, 201</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8. Fiscal year 2017</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > was a 52-week period ending o</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >n December 30, 2017</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >, with qua</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >rterly periods ending on April 1, July 1</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > and </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >September 30</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >, 201</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >.</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font></p></div> | |
| CY2017Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-305000 | USD |
| CY2018Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
402000 | USD |
| CY2018Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-5627000 | USD |
| CY2017Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-6963000 | USD |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
86810000 | shares |
| CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
85929000 | shares |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
86810000 | shares |
| CY2017Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
85929000 | shares |
| CY2018Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1984184 | shares |
| CY2017Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1940000 | USD |
| CY2017Q2 | stkl |
Netincomeallocatedtocommonshareholdersnet
Netincomeallocatedtocommonshareholdersnet
|
-13338000 | USD |
| CY2018Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1967000 | USD |
| CY2018Q1 | stkl |
Netincomeallocatedtocommonshareholdersnet
Netincomeallocatedtocommonshareholdersnet
|
-6330000 | USD |
| CY2018Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares |
| CY2017Q2 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares |
| CY2017Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
234090000 | USD |
| CY2018Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
236637000 | USD |
| CY2018Q1 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
2416000 | USD |
| CY2018Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
278968000 | USD |
| CY2017Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-13338000 | USD |
| CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-4969000 | USD |
| CY2018Q1 | us-gaap |
Goodwill
Goodwill
|
109729000 | USD |
| CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
109533000 | USD |
| CY2018Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
1700000 | USD |
| CY2017Q2 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
1591000 | USD |
| CY2018Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
86864115 | shares |
| CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
707000 | USD |
| CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
1242000 | USD |
| CY2017Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3511000 | USD |
| CY2018Q1 | us-gaap |
Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
|
0 | USD |
| CY2017Q2 | us-gaap |
Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
|
269000 | USD |
| CY2018Q1 | stkl |
Fair Value Of Contingent Consideration
FairValueOfContingentConsideration
|
2416000 | USD |
| CY2017Q2 | stkl |
Fair Value Of Contingent Consideration
FairValueOfContingentConsideration
|
0 | USD |
| CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
573000 | USD |
| CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-134000 | USD |
| CY2018Q1 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
707000 | USD |
| CY2017Q2 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
1242000 | USD |
| CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
0 | USD |
| CY2017Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
1242000 | USD |
| CY2017Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1362347 | shares |
| CY2017Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
360075000 | USD |
| CY2016Q4 | stkl |
Businessacquisitioncontingentconsiderationfairvalue
Businessacquisitioncontingentconsiderationfairvalue
|
-15279000 | USD |
| CY2018Q1 | stkl |
Businessacquisitioncontingentconsiderationfairvalue
Businessacquisitioncontingentconsiderationfairvalue
|
-8904000 | USD |
| CY2017Q2 | stkl |
Businessacquisitioncontingentconsiderationfairvalue
Businessacquisitioncontingentconsiderationfairvalue
|
-15130000 | USD |
| CY2018Q1 | us-gaap |
Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
|
0 | USD |
| CY2017Q2 | us-gaap |
Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
|
0 | USD |
| CY2017Q2 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
291332000 | USD |
| CY2018Q1 | us-gaap |
Gross Profit
GrossProfit
|
33684000 | USD |
| CY2017Q2 | us-gaap |
Gross Profit
GrossProfit
|
38699000 | USD |
| CY2018Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
28288000 | USD |
| CY2017Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
38272000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
2190000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
225570000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
700000 | USD |
| CY2017Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
250000 | USD |
| CY2018Q1 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
7417000 | USD |
| CY2018Q1 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
3000000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
227760000 | USD |
| CY2018Q1 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
5102000 | USD |
| CY2018Q1 | us-gaap |
Secured Debt
SecuredDebt
|
216081000 | USD |
| CY2017Q4 | us-gaap |
Secured Debt
SecuredDebt
|
215782000 | USD |
| CY2017Q4 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
5651000 | USD |
| CY2017Q4 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
3000000 | USD |
| CY2017Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
228033000 | USD |
| CY2017Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
7716000 | USD |
| CY2018Q1 | us-gaap |
Inventory Recall Expense
InventoryRecallExpense
|
323000 | USD |
| CY2017Q2 | us-gaap |
Inventory Recall Expense
InventoryRecallExpense
|
279000 | USD |
| CY2018Q1 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
-1700000 | USD |
| CY2018Q1 | stkl |
Preferredstockaccretiontoredemptionvalue1
Preferredstockaccretiontoredemptionvalue1
|
-267000 | USD |
| CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-6330000 | USD |
| CY2018Q1 | us-gaap |
Dividends
Dividends
|
-1700000 | USD |
| CY2018Q1 | us-gaap |
Aoci Including Portion Attributable To Noncontrolling Interest Tax
AociIncludingPortionAttributableToNoncontrollingInterestTax
|
303000 | USD |
| CY2017Q2 | us-gaap |
Aoci Including Portion Attributable To Noncontrolling Interest Tax
AociIncludingPortionAttributableToNoncontrollingInterestTax
|
533000 | USD |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | |
| CY2017Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.16 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.07 | |
| CY2017Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.16 | |
| CY2017Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-7268000 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
241921000 | USD |
| CY2017Q4 | us-gaap |
Inventory Net
InventoryNet
|
354978000 | USD |
| CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3228000 | USD |
| CY2017Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
2228000 | USD |
| CY2017Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
225805000 | USD |
| CY2017Q2 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
-1700000 | USD |
| CY2017Q2 | stkl |
Preferredstockaccretiontoredemptionvalue1
Preferredstockaccretiontoredemptionvalue1
|
-240000 | USD |
| CY2017Q2 | us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
0 | USD |
| CY2017Q2 | us-gaap |
Dividends
Dividends
|
-1700000 | USD |
| CY2018Q1 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
254000 | USD |
| CY2018Q1 | us-gaap |
Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
|
3577000 | USD |
| CY2017Q4 | us-gaap |
Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
|
3600000 | USD |
| CY2018Q1 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
1550000 | USD |
| CY2017Q2 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
3723000 | USD |
| CY2018Q1 | us-gaap |
Loss Contingency Damages Sought
LossContingencyDamagesSought
|
On November 20, 2017, Treehouse Foods, Inc., several of its related entities, and its insurer filed a lawsuit against the Company in the Circuit Court of Cook County, Illinois titled Treehouse Foods, Inc. et al. v. SunOpta Grains and Food, Inc. The Company was served with the Summons and Complaint on January 24, 2018, and the plaintiffs filed an Amended Complaint on April 23, 2018. The plaintiffs allege economic damages resulting from the Company’s 2016 voluntary recall of certain roasted sunflower kernel products due to the potential for Listeria monocytogenes contamination. The case includes claims for breach of express and implied warranty, negligence, strict liability, and indemnity seeking $16.2 million in damages. There are no allegations of personal injury. The Company intends to vigorously defend itself against these claims. The Company cannot reasonably predict the outcome of this claim, nor can it estimate the amount of loss, or range of loss, if any, that may result from this claim. | |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1251000 | USD |
| CY2017Q4 | stkl |
Businessacquisitioncontingentconsiderationfairvalue
Businessacquisitioncontingentconsiderationfairvalue
|
-11320000 | USD |
| CY2018Q1 | us-gaap |
Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
|
16200000 | USD |
| CY2018Q1 | us-gaap |
Restructuring And Related Activities Description
RestructuringAndRelatedActivitiesDescription
|
On October 7, 2016, the Company entered into a strategic partnership with Oaktree Capital Management L.P., a private equity investor (together with its affiliates, “Oaktree”). On October 7, 2016, Oaktree invested $85.0 million through the purchase of cumulative, non-participating Series A Preferred Stock (the “Preferred Stock”) of the Company’s wholly-owned subsidiary, SunOpta Foods Inc. (“SunOpta Foods”) (see note ##Pref). Following the strategic partnership, with the assistance of Oaktree, the Company conducted a thorough review of its operations, management and governance, with the objective of maximizing the Company’s ability to deliver long-term value to its shareholders. As a product of this review, the Company developed a Value Creation Plan built on four pillars: portfolio optimization, operational excellence, go-to-market effectiveness and process sustainability. The Company engaged third-party management consulting firms to support the design and implementation of the Value Creation Plan. | |
| CY2018Q1 | us-gaap |
Description Of Effect On Previously Reported Segment Information For Change In Composition Of Reportable Segments
DescriptionOfEffectOnPreviouslyReportedSegmentInformationForChangeInCompositionOfReportableSegments
|
Effective the first quarter of 2018, the Company transferred certain of its specialty ingredient operations from the Raw Material Sourcing and Supply operating segment to the Healthy Beverages platform of the Consumer Products operating segment. This realignment reflects a change in commercial responsibilities for these operations, and resulting changes in reporting and accountability to the Company’s Chief Executive Officer. These operations produce liquid bases, including for the Company’s non-dairy aseptic beverage operations, as well as spray-dried ingredients. Revenues and gross profit related to these operations were $3.4 million and $0.6 million, respectively, for the quarter ended March 31, 2018, compared with $3.6 million and $0.6 million, respectively, for the quarter ended April 1, 2017. The segment information presented below for the quarter ended April 1, 2017 has been restated to reflect this realignment. |
