v3.25.2
Segment Information
 6 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
Segment Information [Text Block]

15. Segment Information

Segment Profit or Loss

The Company manages its continuing operations on a company-wide basis, rather than at a product category or business unit level, thereby making determinations as to the allocation of resources as one operating and reportable segment. Earnings (loss) from continuing operations as reported on the Company's consolidated statements of operations is the measure of segment profit or loss utilized by Company's Chief Executive Officer, who has been identified as the Chief Operating Decision Maker ("CODM"), when assessing performance and allocating resources. The significant segment-level expense information provided to the CODM is consistent with the Company's consolidated statements of operations, as supplemented by the specified expense items disclosed in the table below. The measure of segment assets is the same as total assets reported on the Company's consolidated balance sheet. There are no differences from the 2024 Form 10-K in the Company's basis for segmentation or basis for measurement of segment profit or loss.

Disaggregation of Revenue

The majority of the Company's products are shelf-stable packaged food and beverage products and share similar customers and distribution. The principal products that comprise the Company's product categories are as follows:

Category Principal Products
Beverages and broths Plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases, including Dream® and West Life™ brands; oat-based creamers, including SOWN® brand; ready-to-drink protein shakes; packaged teas and concentrates; meat and vegetable broths and stocks.
Fruit snacks Ready-to-eat fruit snacks made from apple purée and juice concentrate in bar, bit, twist, strip and sandwich formats; cold pressed fruit bars.
Ingredients Liquid bases utilizing oat and soy.

Revenue disaggregated by product category is as follows: 

    Quarter ended     Two quarters ended  
    June 28, 2025     June 29, 2024     June 28, 2025     June 29, 2024  
    $     $     $     $  
Product Category                        
Beverages and broths   149,149     134,836     313,314     282,875  
Fruit snacks   38,182     29,935     71,255     59,344  
Ingredients   4,158     4,770     8,548     9,438  
Smoothie bowls(1)   -     -     -     2,306  
Total revenues   191,489     169,541     393,117     353,963  

(1) On March 4, 2024, the Company completed the sale of its smoothie bowl product line and exited the category.

Specified Expense Items

The following table presents details of specified expenses provided to the CODM and included in earnings (loss) from continuing operations:

    Quarter ended     Two quarters ended  
    June 28, 2025     June 29, 2024     June 28, 2025     June 29, 2024  
    $     $     $     $  
Depreciation and Amortization                        
Depreciation expense included in cost of goods sold   8,097     7,424     16,054     14,353  
Depreciation expense included in selling, general and administrative expenses   1,337     1,240     2,660     2,441  
Intangible asset amortization expense   526     446     972     892  
Total depreciation and amortization   9,960     9,110     19,686     17,686  
                         
Stock-Based Compensation                        
Stock-based compensation expense included in selling, general and administrative expenses   2,192     2,443     3,735     7,088  
                         
Interest Expense, Net                        
Interest expense   5,743     6,636     11,751     12,818  
Amortization of debt issuance costs   228     228     477     457  
Interest income   (670 )   (454 )   (1,820 )   (815 )
Interest expense, net   5,301     6,410     10,408     12,460