SMTC (SMTX) 10-Q12 Aug 142014 Q2 Quarterly reportFinancial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
Document And Entity Information	Jun. 29, 2014	Aug. 12, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'SMTC CORP	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-28	'
Entity Common Stock, Shares Outstanding	'	16,417,276
Amendment Flag	'false	'
Entity Central Index Key	'0001108320	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	29-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

Interim_Consolidated_Balance_S

Interim Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 29, 2014	Dec. 29, 2013
In Thousands, unless otherwise specified	Jun. 29, 2014	Dec. 29, 2013
Current assets:	'	'
Cash	$3,229	$3,295
Accounts receivableâ€”net (note 3)	30,508	30,821
Inventories (note 3)	39,196	36,776
Prepaid expenses	1,826	1,632
Income taxes receivable	472	472
Current portion of deferred income taxes (note 6)	1,486	1,486
	76,717	74,482
Property, plant and equipmentâ€”net (note 3)	18,647	18,219
Deferred financing costsâ€”net (note 3)	135	275
Deferred income taxes (note 6)	820	818
	96,319	93,794
Current liabilities:	'	'
Accounts payable	35,600	33,231
Accrued liabilities (note 3)	5,700	6,443
Income taxes payable	424	775
Revolving credit facility (note 4)	21,750	20,222
Current portion of capital lease obligations	1,408	1,482
	64,882	62,153
Capital lease obligations	1,282	519
Shareholdersâ€™ equity:	'	'
Capital stock (note 5)	390	390
Additional paid-in capital	263,837	263,732
Deficit	-234,072	-233,000
	30,155	31,122
	$96,319	$93,794

Interim_Consolidated_Statement

Interim Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
Revenue	$57,984	$64,896	$116,007	$130,343
Cost of sales (note 11)	52,205	63,645	105,843	122,148
Gross profit	5,779	1,251	10,164	8,195
Selling, general and administrative expenses	4,504	5,555	8,747	10,069
Gain on sale of property, plant and equipment	'	-101	'	-101
Contingent consideration (note 12)	'	250	'	250
Restructuring charges (note 9)	509	702	1,179	1,154
Operating earnings (loss)	766	-5,155	238	-3,177
Interest expense (note 3)	473	445	867	829
Earnings (loss) before income taxes	293	-5,600	-629	-4,006
Income tax expense (recovery) (note 6):	'	'	'	'
Current	265	385	445	846
Deferred	-5	17	-2	-16
	260	402	443	830
Net earnings (loss), also being comprehensive income (loss)	$33	($6,002)	($1,072)	($4,836)
Basic	'	'	'	'
Basic (in Dollars per share)	$0.00	($0.37)	($0.07)	($0.30)
Diluted (in Dollars per share)	$0.00	($0.37)	($0.07)	($0.30)
Weighted average number of shares outstanding (note 7):	'	'	'	'
Basic (in Shares)	16,417,276	16,346,025	16,417,273	16,345,109
Diluted (in Shares)	16,417,276	16,346,025	16,417,273	16,345,109

Interim_Consolidated_Statement1

Interim Consolidated Statements of Changes in Shareholdersâ€™ Equity (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
In Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at period start at Dec. 30, 2012	$389	$263,424	($221,105)	$42,708
Stock-based compensation	'	181	'	181
Exercise of stock options	'	11	'	11
Net income (loss)	'	'	-4,836	-4,836
Balance at period end at Jun. 30, 2013	389	263,616	-225,941	38,064
Balance at period start at Dec. 29, 2013	390	263,732	-233,000	31,122
Stock-based compensation	'	105	'	105
Net income (loss)	'	'	-1,072	-1,072
Balance at period end at Jun. 29, 2014	$390	$263,837	($234,072)	$30,155

Interim_Consolidated_Statement2

Interim Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
Operations:	'	'	'	'
Net earnings (loss)	$33	($6,002)	($1,072)	($4,836)
Depreciation	979	1,008	2,107	1,917
Unrealized (gain) loss on derivative financial instrument (note 11)	-797	2,123	-889	1,104
Gain on sale of property, plant and equipment	'	-101	'	-101
Deferred income taxes	-5	17	-2	-16
Non-cash interest (note 3)	136	94	240	185
Stock-based compensation (note 5)	60	81	105	181
Contingent consideration (note 12)	'	250	'	250
Change in non-cash operating working capital:	'	'	'	'
Accounts receivable	-1,877	7,668	313	3,971
Inventories	-2,328	9,676	-2,420	5,688
Prepaid expenses	-46	711	220	690
Income taxes receivable/payable	-178	-140	-351	19
Accounts payable	1,890	-5,950	2,369	-12,234
Accrued liabilities	1,060	131	-268	732
	-1,073	9,566	352	-2,450
Financing:	'	'	'	'
Increase (decrease) in revolving debt	1,897	-7,709	1,528	7,246
Repayment of term facility	'	-1,158	'	-2,315
Principal payment of capital lease obligations	-647	-503	-1,014	-1,144
Payment of contingent consideration	'	-273	'	-564
Proceeds from sales leaseback	'	'	'	988
Proceeds from issuance of common stock	'	11	'	11
Deferred financing fees	-100	-50	-100	-50
	1,150	-9,682	414	4,172
Investing:	'	'	'	'
Purchase of property, plant and equipment	-590	-685	-842	-1,342
Proceeds from sale of property, plant and equipment	10	406	10	406
	-580	-279	-832	-936
Increase (decrease) in cash	-503	-395	-66	786
Cash, beginning of period	3,732	3,384	3,295	2,203
Cash, end of the period	3,229	2,989	3,229	2,989
Supplemental Information	'	'	'	'
Cash interest paid	346	357	661	665
Cash taxes paid â€“ net	470	526	756	729
Property, plant and equipment acquired through capital lease	$1,703	'	$1,703	$1,338

Note_1_Nature_of_the_Business

Note 1 - Nature of the Business	6 Months Ended
	Jun. 29, 2014
Disclosure Text Block [Abstract]	'
Business Description and Basis of Presentation [Text Block]	'
	1	Nature of the business

	SMTC Corporation (the “Company”) is a worldwide provider of advanced electronics manufacturing services to original equipment manufacturers. The Company services its customers through manufacturing and technology centers located in the United States, Mexico and China. The Company ceased production at its Canadian facility at the end of the second quarter of 2013. All facilities provide a full suite of integrated manufacturing services including assembly, testing, box build, final product integration, and expanded supply chain capabilities. In addition, the Company operates an international sourcing and procurement office in Hong Kong.

	The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with the accounting principles and methods of application disclosed in the audited consolidated financial statements within the Company’s Form 10-K for the fiscal year ended December 29, 2013, (“Form 10-K”) filed with the Securities and Exchange Commission (the “SEC”) on April 14, 2014, except as described in Note 2. The accompanying unaudited interim consolidated financial statements include adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation under generally accepted accounting principles in the United States (“U.S. GAAP”). These unaudited interim consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements contained in the Form 10-K.

Note_2_Recent_Accounting_Prono

Note 2 - Recent Accounting Pronouncements	6 Months Ended
	Jun. 29, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	'
	2	Recent accounting pronouncements

	In December 2011, the FASB issued ASU No. 2011-11, “Balance Sheet” (Topic 210) – Disclosures about Offsetting Assets and Liabilities (ASU 2011-11).The amendments in this update require an entity that has financial instruments and derivative instruments that are either 1) offset in accordance with either Section 210-20-45 or Section 815-10-45 or 2) subject to an enforceable master netting arrangement or similar agreement, to disclose information about offsetting and related arrangements. The amendments in this ASU will be required for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Required disclosures should be presented retrospectively for all comparative periods. There is no material impact of the adoption of ASU 2011-11 on our unaudited interim consolidated financial statements.

	On July 18, 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11, which is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013, is expected to reduce diversity in practice by providing guidance on the presentation of unrecognized tax benefits and will better reflect the manner in which an entity would settle at the reporting date any additional income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. There is no material impact of the adoption of ASU 2013-11 on our unaudited interim consolidated financial statements.

	In May 2014, the FASB published a new standard on revenue recognition, ASC Topic 606: Revenue from Contracts with Customers. The standard is the result of a convergence project with the International Accounting Standards Board. The new standard provides a framework that replaces existing revenue recognition guidance by moving away from the industry and transaction-specific requirements under US GAAP. The standard is effective for annual periods beginning on or after December 16, 2016. The Company intends to adopt IFRS 15 in its financial statements for the annual period beginning on January 1, 2017. The extent of the impact of adoption of the standard has not yet been determined.

Note_3_Interim_Consolidated_Fi

Note 3 - Interim Consolidated Financial Statement Details	6 Months Ended
Note 3 - Interim Consolidated Financial Statement Details	Jun. 29, 2014
Disclosure Text Block Supplement [Abstract]	'
Condensed Financial Statements [Text Block]	'
	3	Interim 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 (loss).

	Consolidated Balance Sheets

	Accounts receivable – net:

			29-Jun-14				December 29,
			29-Jun-14				2013
	Accounts receivable		$	30,778			$	31,091
	Allowance for doubtful accounts			(270	)			(270	)
	Accounts receivable—net		$	30,508			$	30,821

	Inventories:

			29-Jun-14				December 29,
			29-Jun-14				2013
	Raw materials		$	29,740			$	28,583
	Work in process			5,453				3,078
	Finished goods			2,853				3,849
	Parts			1,150				1,266
	Inventories		$	39,196			$	36,776

	*Property, plant and equipment – net:*

			29-Jun-14				December 29,
			29-Jun-14				2013
	Cost:
	Land		$	1,648			$	1,648
	Buildings			9,878				9,878
	Machinery and equipment (a)			31,743				29,505
	Office furniture and equipment			1,681				1,658
	Computer hardware and software (b)			5,364				5,153
	Leasehold improvements (c)			2,348				2,292
				52,662				50,134
	Less accumulated depreciation:
	Land			—				—
	Buildings			(7,033	)			(6,794	)
	Machinery and equipment (a)			(19,759	)			(18,409	)
	Office furniture and equipment			(1,431	)			(1,369	)
	Computer hardware and software (b)			(4,438	)			(4,119	)
	Leasehold improvements (c)			(1,354	)			(1,224	)
				(34,015	)			(31,915	)
	Property, plant and equipment—net		$	18,647			$	18,219

	(a)	Included within machinery and equipment were assets under capital leases with costs of $6,161 and $5,194 as at June 29, 2014, and December 29, 2013, respectively and associated accumulated depreciation of $1,646 and $1,624 as of June 29, 2014 and December 29, 2013, respectively. The related depreciation expense for the three months ended June 29, 2014 and June 30, 2013 were $169 and $207, respectively. The related depreciation expense for the six months ended June 29, 2014 and June 30, 2013 was $341 and $407, respectively.
	(b)	Included within computer hardware and software were assets under capital leases with costs of $524 and $481 as at June 29, 2014 and December 29, 2013, respectively and associated accumulated depreciation of $350 and $266 as at June 29, 2014, and December 29, 2013, respectively. The related depreciation expense for the three months ended June 29, 2014 and June 30, 2013 was $44 and $33, respectively. The related depreciation for the six months ended June 29, 2014 and June 30, 2013 was $84 and $67, respectively.
	(c)	Included within leasehold improvements were assets under capital leases with costs of $73 as at June 29, 2014 and December 29, 2013, and associated accumulated depreciation of $34 and $27 as at June 29, 2014, and December 29, 2013, respectively. The related depreciation expense for the three and six months ended June 29, 2014 and June 30, 2013 was $3 and $7, respectively.

	Deferred financing costs:

			29-Jun-14				December 29,
			29-Jun-14				2013
	Deferred financing costs		$	1,596			$	1,496
	Accumulated amortization			(1,461	)			(1,221	)
			$	135			$	275

	Accrued liabilities:

			29-Jun-14				December 29,
			29-Jun-14				2013
	Customer related		$	1,162			$	943
Payroll			3,552				3,666
Professional services			577				611
Restructuring (note 9)			112				630
Vendor related			228				36
Other			69				557
Accrued liabilities		$	5,700			$	6,443

Interim consolidated statements of operations and comprehensive income (loss)

Interest expense:

		Three months ended								Six months ended
		29-Jun-14				30-Jun-13				29-Jun-14		30-Jun-13
Term facility		$	—			$	24			$	—	$	61
Revolving credit facility			289				273				552		479
Non-cash interest			136				94				240		185
Obligations under capital leases			48				54				75		104
Interest expense		$	473			$	445			$	867	$	829

Note_4_Debt

Note 4 - Debt	6 Months Ended
	Jun. 29, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	4	Debt

	(a) Revolving credit facility

	The Company borrows money under a Revolving Credit and Security Agreement with PNC Bank, National Association and its Canadian branch (collectively, “PNC”). This revolving credit facility (the “PNC Facility”) had an original term of three years. On April 7, 2014, an amendment to the PNC Facility was signed and the term of the PNC facility was extended to January 2, 2015. Advances made under the U.S. revolving portion of the PNC Facility bear interest at the U.S. base rate plus 1.75%. Advances made under the Canadian revolving portion of the PNC Facility denominated in Canadian dollars bear interest at the Canadian base rate plus 1.75%. For advances made under the Canadian facility denominated in U.S. dollars, interest will be charged at the U.S. base rate plus 1.75%. The base commercial lending rate of each respective country of borrowing should approximate prime rate.

	At June 29, 2014, $21,750 (December 29, 2013 - $20,222) was outstanding under the facility and is classified as a current liability based on the terms of the PNC Facility. At June 29, 2014, there was a Canadian dollar denominated credit balance of $1,278. At December 29, 2013, there was a Canadian dollar denominated debit balance of $618.

	The maximum amount of funds available under the PNC Facility was reduced from $45 million to $40 million as part of the April 7, 2014 amendment to the loan facility. Availability under the revolving credit facility is subject to certain conditions, including borrowing base conditions based on the eligible inventory and accounts receivable, and certain conditions which are not objectively determinable. The Company is required to use a “lock-box” arrangement for the PNC Facility, whereby remittances from customers are swept daily to reduce the borrowings under the revolving credit facility.

	The PNC Facility is a joint and several obligation of the Company and its subsidiaries that are borrowers under the facility and is jointly and severally guaranteed by other subsidiaries of the Company. Repayment under the PNC Facility is secured by the assets of the Company and by the assets and of each of the Company’s subsidiaries.

	(b) Covenants

	The PNC agreement contains certain financial and non-financial covenants.

	The Company is in compliance with the financial covenants included in the PNC Facility as at June 29, 2014.

	Under the PNC Facility, the financial covenants require the Company to maintain minimum amounts of earnings before interest, taxes and depreciation and amortization, limit unfunded capital expenditures and maintain a minimum fixed charge coverage ratio (all as defined in the credit agreement governing the PNC Facility). The financial covenant relating to maintaining a minimum amount of earnings before interest, taxes and depreciation and amortization was only in effect for the quarter ended June 29, 2014. The financial covenant relating to a minimum fixed charge coverage ratio is in effect for the fiscal quarter ending September 28, 2014 and the six months ending December 28, 2014. Market conditions have been difficult to predict and there is no assurance that the Company will meet these covenants. A failure to comply with the covenants could result in an event of default. If an event of default occurs and is not cured or waived, it could result in all amounts outstanding, together with accrued interest, becoming immediately due and payable.

Note_5_Capital_Stock

Note 5 - Capital Stock

6 Months Ended

Jun. 29, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Capital stock

Common shares

Authorized shares:

The authorized capital stock of the Company at June 29, 2014 and December 29, 2013 consisted of:

(i)

26,000,000 shares of common stock, par value $0.01 per share: Holders are entitled to one vote per share and the right to share in dividends pro rata subject to any preferential dividend rights of any then outstanding preferred stock.

(ii)

5,000,000 shares of special voting stock, par value $0.01 per share: From time to time the Company may issue special voting stock in one or more series and will fix the terms of that series at the time it is created.

Issued and outstanding:

The issued and outstanding number of common shares included in shareholders’ equity consisted of the following as of June 29, 2014:

Number

of shares

Common Stock

Common shares:

Balance at December 29, 2013

16,417,256

390

Exchangeable shares converted to common stock

—

Balance at June 29, 2014

16,417,276

390

Total Common stock

16,417,276

390

Stock options

For information regarding the Company’s stock option arrangements, see Note 6 of the consolidated financial statements included in the Form 10-K. During the three and six month period ended June 29, 2014, no options were granted to employees or exercised by existing option holders. A summary of stock option activity for the six month period ended June 29, 2014 is as follows:

Number

Weighted

Aggregate

Weighted

of options

average

intrinsic

average

exercise

value

remaining

price

contractual

term (years)

Outstanding at December 29, 2013

435,000

2.5

Options forfeited

(25,000

)

2.38

Outstanding at June 29, 2014

410,000

2.51

—

3.4

Exercisable at June 29, 2014

220,002

2.78

—

3.2

During the three month periods ended June 29, 2014 and June 30, 2013, the Company recorded stock based compensation expense and a corresponding increase in additional paid-in capital of $60 and $81, respectively. During the six month periods ended June 29, 2014 and June 30, 2013, the Company recorded stock-based compensation expense and a corresponding increase in additional paid-in capital of $105 and $181, respectively. At June 29, 2014, compensation expense of $210 related to non-vested stock options had not been recognized.

Restricted Stock Units

During the three month period ended June 29, 2014, 99,819 restricted stock units were granted.

During the three month periods ended of June 29, 2014 and June 30, 2013 stock based compensation of $33 and $0 was recognized, respectively related to the restricted stock units. During the six month periods ended of June 29, 2014 and June 30, 2013, stock based compensation of $50 and $0 was recognized, respectively related to the restricted stock units.

There were 208,989 restricted stock units outstanding at June 29, 2014, and no outstanding restricted stock units as at December 29, 2013.

Note_6_Income_Taxes

Note 6 - Income Taxes	6 Months Ended
	Jun. 29, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	6	Income taxes

	During the three months ended June 29, 2014 and June 30, 2013, respectively, the Company recorded a net income tax expense of $260 and $402, primarily related to minimum taxes and taxes on profits in certain jurisdictions, combined with foreign exchange revaluation. During the six months ended June 29, 2014 and June 30, 2013, respectively, the Company recorded a net income tax expense of $443 and $830, primarily related to minimum taxes and taxes on profits in certain jurisdictions, combined with foreign exchange revaluation.

	At December 29, 2013, the Company had total net operating loss carry forwards of $88.2 million, of which $10.2 million will expire in 2014, $4.1 million will expire in 2015, $1.1 million will expire in 2018, $20.6 million will expire in 2023, $3.4 million will expire in 2026, $0.5 million will expire in 2027, $4.3 million will expire in 2028, and the remainder will expire between 2029 and 2033.

	At June 29, 2014 and December 29, 2013, the Company had gross unrecognized tax benefits of $257 and $274, respectively, which if recognized, would favorably impact the Company’s effective tax rate in future periods. The change during the period relates to foreign exchange revaluation of existing uncertain tax positions. The Company does not expect any of these unrecognized tax benefits to reverse in the next twelve months.

	Tax years 2009 to 2013 remain open for review by the tax authorities in Canada, United States and Mexico.

	The Company accounts for interest and penalties related to unrecognized tax benefits in income tax expense based on the likelihood of the event and its ability to reasonably estimate such amounts. The Company has approximately $83 and $73 accrued for interest and penalties as of June 29, 2014 and December 29, 2013, respectively. The change is primarily due to the recording of incremental interest on existing uncertain positions for the period net of foreign exchange revaluation.

	In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of its deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. Management considers the scheduled reversal of deferred tax liabilities, change of control limitations, projected future taxable income and tax planning strategies in making this assessment. Guidance under ASC 740, Income Taxes, (“ASC 740”) states that forming a conclusion that a valuation allowance is not needed is difficult when there is negative evidence, such as cumulative losses in recent years in the jurisdictions to which the deferred tax assets relate. In years 2010 through to 2012, it was determined by management that it was more likely than not that certain deferred tax assets associated with the U.S. jurisdiction would be realized and as such, no valuation allowance was recorded against these deferred tax assets. In 2013, it was determined by management that a partial valuation allowance was required to be recorded against certain deferred tax assets associated with the U.S. jurisdiction as it was not more likely than not to be realized. The Canadian jurisdiction continues to have a full valuation allowance recorded against the deferred tax assets.

Note_7_Earnings_Loss_Per_Commo

Note 7 - Earnings (Loss) Per Common Share

6 Months Ended

Jun. 29, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Earnings (loss) per common share

The following table details the weighted average number of common shares outstanding for the purposes of computing basic and diluted earnings per common share for the following periods:

Three months ended

Six months ended

29-Jun-14

June 30,

29-Jun-14

June 30,

2013

Basic weighted average shares outstanding

16,417,276

16,346,025

16,417,273

16,345,109

Dilutive stock options^{(a) (b)}

Diluted weighted average shares outstanding

16,417,276

16,346,025

16,417,273

16,345,109

(a)

As a result of the net earnings from continuing operations for the three months ended June 29, 2014, dilutive options were determined using the treasury stock method, using an average price of $1.76 per share. As a result of the net loss for the six months ended June 29, 2014, diluted earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive.

(b)

As a result of the net loss for the three and six months ended June 30, 2013, diluted earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive. Had there been net earnings, the impact of dilutive stock options would have been calculated as 41,360 and 52,873 respectively for the three and six months ended June 30, 2013.

Note_8_Segmented_Information

Note 8 - Segmented Information	6 Months Ended
Note 8 - Segmented Information	Jun. 29, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	8	Segmented information

		General description

	The Company derives its revenue from one dominant industry segment, the electronics manufacturing services industry. The Company is operated and managed geographically and has manufacturing facilities in the United States, Mexico and China. The Company ceased production at its Canadian facility at the end of the second quarter of 2013. The Company monitors the performance of its geographic operating segments based on adjusted EBITDA (earnings before restructuring charges, loss on extinguishment of debt, acquisition costs, interest, taxes, depreciation and amortization). Intersegment adjustments reflect intersegment sales that are generally recorded at prices that approximate arm’s-length transactions. In assessing the performance of the operating segments, management attributes revenue to the operating segment that ships the product to the customer. Information about the operating segments is as follows:

			Three months ended								Six months ended
			29-Jun-14				30-Jun-13				29-Jun-14				30-Jun-13
	Revenues
	Mexico		$	38,945			$	42,806			$	77,702			$	91,674
	Asia			15,159				11,901				30,689				23,683
	Canada			-				6,723				-				12,703
	U.S.			13,849				11,722				26,541				22,226
	Total		$	67,953			$	73,152			$	134,932			$	150,286
	Intersegment revenue
	Mexico		$	(142	)		$	(194	)		$	(507	)		$	(5,055	)
	Asia			(3,758	)			(1,064	)			(7,024	)			(3,483	)
	Canada			-				(1,417	)			-				(2,541	)
	U.S.			(6,069	)			(5,581	)			(11,394	)			(8,864	)
	Total		$	(9,969	)		$	(8,256	)		$	(18,925	)		$	(19,943	)
	Net external revenue
	Mexico		$	38,803			$	42,612			$	77,195			$	86,619
	Asia			11,401				10,837				23,665				20,200
	Canada			-				5,306				-				10,162
	U.S.			7,780				6,141				15,147				13,362
	Total		$	57,984			$	64,896			$	116,007			$	130,343
	Adjusted EBITDA
	Mexico		$	735			$	(1,736	)		$	253			$	794
	Asia			1,196				335				2,622				870
	Canada			369				(2,149	)			199				(2,131	)
	U.S.			(46	)			105				450				361
	Total		$	2,254			$	(3,445	)		$	3,524			$	(106	)
	Interest			473				445				867				829
	Restructuring charges			509				702				1,179				1,154
	Depreciation			979				1,008				2,107				1,917
	Earnings (loss) before income taxes		$	293			$	(5,600	)		$	(629	)		$	(4,006	)

	Additions and Disposals to Property, Plant and Equipment

	The following table contains additions and disposals to property, plant and equipment for the three and six months ended June 29, 2014 and June 30, 2013:

			Three months ended								Six months ended
			29-Jun-14				30-Jun-13				29-Jun-14				30-Jun-13
	Mexico		$	2,088			$	510			$	2,265			$	921
	Asia			39				79				39				422
	Canada			92				(1,288	)			112				(1,214	)
	U.S.			57				125				112				191
	Total		$	2,276			$	(574	)		$	2,528			$	320

	Long-lived assets ^(a)

			29-Jun-14				29-Dec-13
	Mexico		$	13,182			$	12,236
	Asia			3,251				3,534
	Canada			354				399
	U.S.			1,860				2,050
	Total		$	18,647			$	18,219

		(a)	Long-lived assets information is based on the principal location of the asset.

	Geographic revenues

	The following table contains geographic revenues based on the product shipment destination, for the three and six months ended June 29, 2014 and June 30, 2013:

		Three months ended								Six months ended
		29-Jun-14				30-Jun-13				29-Jun-14				30-Jun-13
U.S.		$	51,048			$	54,356			$	103,331			$	104,422
Canada			5,358				7,092				9,733				18,778
Europe			—				1,378				284				2,805
Asia			1,578				2,061				2,655				4,308
Mexico			—				9				4				30
Total		$	57,984			$	64,896			$	116,007			$	130,343

Significant customers and concentration of credit risk:

Sales of the Company’s products are concentrated in certain cases among specific customers in the same industry. The Company is subject to concentrations of credit risk in trade receivables. The Company considers concentrations of credit risk in establishing the allowance for doubtful accounts and believes the recorded allowances are adequate.

The Company expects to continue to depend upon a relatively small number of customers for a significant percentage of its revenue. In addition to having a limited number of customers, the Company manufactures a limited number of products for each customer. If the Company loses any of its larger customers or any product line manufactured for one of its larger customers, it could experience a significant reduction in revenue. Also, the insolvency of one or more of its larger customers or the inability of one or more of its larger customers to pay for its orders could decrease revenue. As many costs and operating expenses are relatively fixed, a reduction in net revenue can decrease profit margins and adversely affect the business, financial condition and results of operations.

During the three months ended June 29, 2014, three customers exceeded 10% of total revenues representing 30%, 12.7% and 11% respectively of total revenue for the second quarter of 2014 (June 30, 2013 – one customer individually comprised 37.5% of total revenue). During the six months ended June 29, 2014 three customers individually comprised 33%, 13.1% and 10.1% (June 30, 2013 – two customers individually comprised 37.5% and 10.1%) of total revenue. As of June 29, 2014, these customers represented 16.3%, 14.4% and 4.1% respectively, (As of December 29, 2013, these customers represented 22.3%, 17.7% and 3.7% respectively) of the Company’s accounts receivable.

Note_9_Restructuring_Charges

Note 9 - Restructuring Charges	6 Months Ended
Note 9 - Restructuring Charges	Jun. 29, 2014
Restructuring and Related Activities [Abstract]	'
Restructuring and Related Activities Disclosure [Text Block]	'
	9	Restructuring charges

	For the six months ended June 29, 2014, no additional charges were incurred related to the 2012 Plan. Severance payments of $32 were made related to remaining employees from the Markham closure.

	In the first quarter of 2014, additional restructuring charges of $670 were incurred as a result of the approved 2014 Plan whereby 290 full-time equivalent employees (“FTEs”) were impacted in the Mexican facility.

	For the three months ended June 29, 2014, restructuring charges of $296 were recorded related to replacement of approximately 19 FTE positions in Markham that were replaced in Mexico as part of the 2014 Plan. In addition, approximately 50 FTEs were severed in Mexico which resulted in additional restructuring charges of $194. Remaining charges of $19 related to restructuring charges in Asia representing 13 FTEs.

	The following table details the change in restructuring accrual for the period from December 29, 2013 to June 29, 2014, relating to the 2012 Plan and 2014 Plan:

			Severance			Facility			Total
			Severance			exit costs			Total
	2012 Plan
	Balance as at December 29, 2013		$	105		$	525		$	630

	Payments			(73	)		(525	)		(598	)

	Balance as at March 30, 2014		$	32		$	—		$	32


	Payments			(32	)		—			(32	)

	Balance as at June 29, 2014		$	—		$	—		$	—

			Severance			Facility			Total
			Severance			exit costs			Total
	2014 Plan
	Balance as at December 29, 2013		$	—		$	—		$	—
	Charges			670			—			670
	Payments			(670	)		—			(670	)

	Balance as at March 30, 2014		$	—		$	—		$	—

	Charges			509			—			509
	Payments			(397	)		—			(397	)

	Balance as at June 29, 2014		$	112		$	—		$	112

Note_10_Contingencies

Note 10 - Contingencies	6 Months Ended
	Jun. 29, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	10	Contingencies

	In the normal course of business, the Company may be subject to litigation and claims from customers, suppliers and former employees. Management believes that adequate provisions have been recorded in the financial statements, as required. Although it is not possible to estimate the extent of potential costs, if any, management believes that ultimate resolution of these contingencies would not have a material adverse effect on the financial position, results of operations and cash flows of the Company.

Note_11_Derivative_Financial_I

Note 11 - Derivative Financial Instruments	6 Months Ended
Note 11 - Derivative Financial Instruments	Jun. 29, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Instruments and Hedging Activities Disclosure [Text Block]	'
	11	Derivative financial instruments

	The Company entered into forward foreign exchange contracts to reduce its exposure to foreign exchange currency rate fluctuations related to forecasted Canadian dollar denominated payroll, rent and utility cash flows for fiscal 2014 and the first three months of fiscal 2015, and Mexican peso denominated payroll, rent and utility cash flows for fiscal 2014 and the first three months of fiscal 2015. These contracts were effective as hedges from an economic perspective, but did not meet the requirements for hedge accounting under ASC 815 “Derivatives and Hedging”. Accordingly, changes in the fair value of these contracts were recognized into net earnings (loss) in the consolidated statement of operations and comprehensive income (loss). The Company does not enter into forward foreign exchange contracts for trading or speculative purposes.

	The following table presents a summary of the outstanding foreign currency forward contracts as at June 29, 2014:

	Currency	Buy/Sell	Foreign Currency Amount		Notional Contract Value in USD
	Canadian Dollar	Buy	CAD 5,300		$	4,963
	Mexican Peso	Buy	MXN 242,228		$	18,289

	The unrealized gain recognized in earnings for the three month period as a result of revaluing the instruments to fair value on June 29, 2014 was $797 (June 30, 2013 – unrealized loss $2,123), and the unrealized gain for the six month period ended June 29, 2014 was $889 (June 30, 2013 – unrealized loss $1,104), which was included in cost of sales in the consolidated statement of operations and comprehensive income (loss). The realized loss on these contracts for the three months period ended June 29, 2014 was $325 (June 30, 2013 – realized gain $356), and the realized loss for the six month period ended June 29, 2014 was $775 (June 30, 2013 –realized gain $636), and is included as a component of cost of sales, in the consolidated statement of operations and comprehensive income (loss). Fair value was determined using the market approach with valuation based on market observables (Level 2 quantitative inputs in the hierarchy set forth under ASC 820 “Fair Value Measurements”).

	The following table presents the fair value of the Company’s derivative instruments located on the consolidated balance sheet as at June 29, 2014:

			29-Jun-14				29-Dec-13

	Prepaid expenses and other assets		$	413			$	—
	Accrued liabilities			—				(476	)
	Net fair value of derivative financial instruments		$	413			$	(476	)

Note_12_Contingent_Considerati

Note 12 - Contingent Consideration	6 Months Ended
	Jun. 29, 2014
Disclosure Text Block Supplement [Abstract]	'
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	'
	12	Contingent consideration

	Upon the acquisition of ZF Array on August 31, 2011, the Company accrued $2,400 for contingent consideration. Contingent consideration is based on financial performance of the acquired company’s operations for a 24-month period following the acquisition date, to a maximum of $2,400. The final payment was made in the fourth quarter of 2013, and therefore no additional charges were incurred for the six months ended period June 29, 2014 (June 30, 2013 - $250 loss was recorded as the contingent liability was increased).

Note_13_Subsequent_Event

Note 13 - Subsequent Event	6 Months Ended
	Jun. 29, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	13	Subsequent Event

	Subsequent to June 29, 2014 the Company signed an agreement to sub-lease 41,500 square feet of its Canadian facility, previously used for the Company’s manufacturing operations. The sub-lease term will be October 1, 2014 to March 31, 2017 and will result in a reduction of rent expense by approximately $300 annually.

Note_14_Comparative_Interim_Co

Note 14 - Comparative Interim Consolidated Financial Statements	6 Months Ended
	Jun. 29, 2014
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	14	Comparative interim consolidated financial statements

	Certain prior quarter figures have been reclassified in the interim consolidated financial statements to comply with the presentation for the quarter ended June 29, 2014.

Note_3_Interim_Consolidated_Fi1

Note 3 - Interim Consolidated Financial Statement Details (Tables)	6 Months Ended
	Jun. 29, 2014
Disclosure Text Block Supplement [Abstract]	'
Condensed Balance Sheet [Table Text Block]	'
		29-Jun-14			December 29,
		29-Jun-14			2013
	Accounts receivable	$	30,778		$	31,091
	Allowance for doubtful accounts		(270	)		(270	)
	Accounts receivable—net	$	30,508		$	30,821
		29-Jun-14			December 29,
		29-Jun-14			2013
	Raw materials	$	29,740		$	28,583
	Work in process		5,453			3,078
	Finished goods		2,853			3,849
	Parts		1,150			1,266
	Inventories	$	39,196		$	36,776
		29-Jun-14			December 29,
		29-Jun-14			2013
	Cost:
	Land	$	1,648		$	1,648
	Buildings		9,878			9,878
	Machinery and equipment (a)		31,743			29,505
	Office furniture and equipment		1,681			1,658
	Computer hardware and software (b)		5,364			5,153
	Leasehold improvements (c)		2,348			2,292
			52,662			50,134
	Less accumulated depreciation:
	Land		—			—
	Buildings		(7,033	)		(6,794	)
	Machinery and equipment (a)		(19,759	)		(18,409	)
	Office furniture and equipment		(1,431	)		(1,369	)
	Computer hardware and software (b)		(4,438	)		(4,119	)
	Leasehold improvements (c)		(1,354	)		(1,224	)
			(34,015	)		(31,915	)
	Property, plant and equipment—net	$	18,647		$	18,219
		29-Jun-14			December 29,
		29-Jun-14			2013
	Deferred financing costs	$	1,596		$	1,496
	Accumulated amortization		(1,461	)		(1,221	)
		$	135		$	275
		29-Jun-14			December 29,
		29-Jun-14			2013
	Customer related	$	1,162		$	943
	Payroll		3,552			3,666
	Professional services		577			611
	Restructuring (note 9)		112			630
	Vendor related		228			36
	Other		69			557
	Accrued liabilities	$	5,700		$	6,443
Condensed Income Statement [Table Text Block]	'
		Three months ended						Six months ended
		29-Jun-14			30-Jun-13			29-Jun-14		30-Jun-13
	Term facility	$	—		$	24		$	—	$	61
	Revolving credit facility		289			273			552		479
	Non-cash interest		136			94			240		185
	Obligations under capital leases		48			54			75		104
	Interest expense	$	473		$	445		$	867	$	829

Note_5_Capital_Stock_Tables

Note 5 - Capital Stock (Tables)	6 Months Ended
Note 5 - Capital Stock (Tables)	Jun. 29, 2014
Stockholders' Equity Note [Abstract]	'
Schedule of Common Stock Outstanding Roll Forward [Table Text Block]	'
		Number			$
		of shares			$
	Common Stock
	Common shares:
	Balance at December 29, 2013		16,417,256		$	390
	Exchangeable shares converted to common stock		20			—
	Balance at June 29, 2014		16,417,276		$	390
	Total Common stock		16,417,276		$	390
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
		Number			Weighted		Aggregate		Weighted
		of options			average		intrinsic		average
					exercise		value		remaining
					price				contractual
									term (years)
	Outstanding at December 29, 2013		435,000		$	2.5
	Options forfeited		(25,000	)	$	2.38
	Outstanding at June 29, 2014		410,000		$	2.51	$	—		3.4
	Exercisable at June 29, 2014		220,002		$	2.78	$	—		3.2

Note_7_Earnings_Loss_Per_Commo1

Note 7 - Earnings (Loss) Per Common Share (Tables)	6 Months Ended
Note 7 - Earnings (Loss) Per Common Share (Tables)	Jun. 29, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Three months ended				Six months ended
		29-Jun-14		June 30,		29-Jun-14		June 30,
		29-Jun-14		2013		29-Jun-14		2013
	Basic weighted average shares outstanding		16,417,276		16,346,025		16,417,273		16,345,109
	Dilutive stock options^{(a) (b)}		-		-		-		-
	Diluted weighted average shares outstanding		16,417,276		16,346,025		16,417,273		16,345,109

Note_8_Segmented_Information_T

Note 8 - Segmented Information (Tables)	6 Months Ended
Note 8 - Segmented Information (Tables)	Jun. 29, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
		Three months ended						Six months ended
		29-Jun-14			30-Jun-13			29-Jun-14			30-Jun-13
	Revenues
	Mexico	$	38,945		$	42,806		$	77,702		$	91,674
	Asia		15,159			11,901			30,689			23,683
	Canada		-			6,723			-			12,703
	U.S.		13,849			11,722			26,541			22,226
	Total	$	67,953		$	73,152		$	134,932		$	150,286
	Intersegment revenue
	Mexico	$	(142	)	$	(194	)	$	(507	)	$	(5,055	)
	Asia		(3,758	)		(1,064	)		(7,024	)		(3,483	)
	Canada		-			(1,417	)		-			(2,541	)
	U.S.		(6,069	)		(5,581	)		(11,394	)		(8,864	)
	Total	$	(9,969	)	$	(8,256	)	$	(18,925	)	$	(19,943	)
	Net external revenue
	Mexico	$	38,803		$	42,612		$	77,195		$	86,619
	Asia		11,401			10,837			23,665			20,200
	Canada		-			5,306			-			10,162
	U.S.		7,780			6,141			15,147			13,362
	Total	$	57,984		$	64,896		$	116,007		$	130,343
	Adjusted EBITDA
	Mexico	$	735		$	(1,736	)	$	253		$	794
	Asia		1,196			335			2,622			870
	Canada		369			(2,149	)		199			(2,131	)
	U.S.		(46	)		105			450			361
	Total	$	2,254		$	(3,445	)	$	3,524		$	(106	)
	Interest		473			445			867			829
	Restructuring charges		509			702			1,179			1,154
	Depreciation		979			1,008			2,107			1,917
	Earnings (loss) before income taxes	$	293		$	(5,600	)	$	(629	)	$	(4,006	)
		Three months ended						Six months ended
		29-Jun-14			30-Jun-13			29-Jun-14			30-Jun-13
	Mexico	$	2,088		$	510		$	2,265		$	921
	Asia		39			79			39			422
	Canada		92			(1,288	)		112			(1,214	)
	U.S.		57			125			112			191
	Total	$	2,276		$	(574	)	$	2,528		$	320
		Three months ended						Six months ended
		29-Jun-14			30-Jun-13			29-Jun-14			30-Jun-13
	U.S.	$	51,048		$	54,356		$	103,331		$	104,422
	Canada		5,358			7,092			9,733			18,778
	Europe		—			1,378			284			2,805
	Asia		1,578			2,061			2,655			4,308
	Mexico		—			9			4			30
	Total	$	57,984		$	64,896		$	116,007		$	130,343
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]	'
		29-Jun-14			29-Dec-13
	Mexico	$	13,182		$	12,236
	Asia		3,251			3,534
	Canada		354			399
	U.S.		1,860			2,050
	Total	$	18,647		$	18,219

Note_9_Restructuring_Charges_T

Note 9 - Restructuring Charges (Tables)	6 Months Ended
Note 9 - Restructuring Charges (Tables)	Jun. 29, 2014
Restructuring and Related Activities [Abstract]	'
Restructuring and Related Costs [Table Text Block]	'
		Severance			Facility			Total
		Severance			exit costs			Total
	2012 Plan
	Balance as at December 29, 2013	$	105		$	525		$	630

	Payments		(73	)		(525	)		(598	)

	Balance as at March 30, 2014	$	32		$	—		$	32


	Payments		(32	)		—			(32	)

	Balance as at June 29, 2014	$	—		$	—		$	—
		Severance			Facility			Total
		Severance			exit costs			Total
	2014 Plan
	Balance as at December 29, 2013	$	—		$	—		$	—
	Charges		670			—			670
	Payments		(670	)		—			(670	)

	Balance as at March 30, 2014	$	—		$	—		$	—

	Charges		509			—			509
	Payments		(397	)		—			(397	)

	Balance as at June 29, 2014	$	112		$	—		$	112

Note_11_Derivative_Financial_I1

Note 11 - Derivative Financial Instruments (Tables)	6 Months Ended
Note 11 - Derivative Financial Instruments (Tables)	Jun. 29, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Derivative Instruments [Table Text Block]	'
	Currency	Buy/Sell	Foreign Currency Amount		Notional Contract Value in USD
	Canadian Dollar	Buy	CAD 5,300		$	4,963
	Mexican Peso	Buy	MXN 242,228		$	18,289
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	'
			29-Jun-14				29-Dec-13

	Prepaid expenses and other assets		$	413			$	—
	Accrued liabilities			—				(476	)
	Net fair value of derivative financial instruments		$	413			$	(476	)

Note_3_Interim_Consolidated_Fi2

Note 3 - Interim Consolidated Financial Statement Details (Details) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

In Thousands, unless otherwise specified

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Dec. 29, 2012

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Dec. 29, 2013

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Dec. 29, 2013

Dec. 29, 2012

Machinery and Equipment [Member]

Computer Equipment [Member]

Leasehold Improvements [Member]

Assets Under Capital Lease [Member]

Note 3 - Interim Consolidated Financial Statement Details (Details) [Line Items]

Capital Leased Assets, Gross

$6,161

$5,194

$524

$481

$73

Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation

1,646

1,624

350

266

Depreciation

$979

$1,008

$2,107

$1,917

$169

$207

$341

$407

$44

$33

$84

$67

Note_3_Interim_Consolidated_Fi3

Note 3 - Interim Consolidated Financial Statement Details (Details) - Consolidated Balance Sheets (USD $)	Jun. 29, 2014		Dec. 29, 2013
In Thousands, unless otherwise specified	Jun. 29, 2014		Dec. 29, 2013
Condensed Balance Sheet Statements, Captions [Line Items]	'		'
Accounts receivable	$30,778		$31,091
Allowance for doubtful accounts	-270		-270
Accounts receivableâ€”net	30,508		30,821
Raw materials	29,740		28,583
Work in process	5,453		3,078
Finished goods	2,853		3,849
Parts	1,150		1,266
Inventories	39,196		36,776
Cost:	'		'
Property, Plant and Equipment, Cost	52,662		50,134
Less accumulated depreciation:	'		'
Property, Plant and Equipment, Accumulated Depreciation	-34,015		-31,915
Property, plant and equipmentâ€”net	18,647		18,219
Deferred financing costs	1,596		1,496
Accumulated amortization	-1,461		-1,221
	135		275
Accrued Liabilities	5,700		6,443
Land [Member]	'		'
Cost:	'		'
Property, Plant and Equipment, Cost	1,648		1,648
Building [Member]	'		'
Cost:	'		'
Property, Plant and Equipment, Cost	9,878		9,878
Machinery and Equipment [Member]	'		'
Cost:	'		'
Property, Plant and Equipment, Cost	31,743	[1]	29,505	[1]
Furniture and Fixtures [Member]	'		'
Cost:	'		'
Property, Plant and Equipment, Cost	1,681		1,658
Computer Equipment [Member]	'		'
Cost:	'		'
Property, Plant and Equipment, Cost	5,364	[2]	5,153	[2]
Leasehold Improvements [Member]	'		'
Cost:	'		'
Property, Plant and Equipment, Cost	2,348	[3]	2,292	[3]
Customer Related [Member]	'		'
Less accumulated depreciation:	'		'
Accrued Liabilities	1,162		943
Payroll [Member]	'		'
Less accumulated depreciation:	'		'
Accrued Liabilities	3,552		3,666
Professional services [Member]	'		'
Less accumulated depreciation:	'		'
Accrued Liabilities	577		611
Restructuring [Member]	'		'
Less accumulated depreciation:	'		'
Accrued Liabilities	112		630
Vendor Related [Member]	'		'
Less accumulated depreciation:	'		'
Accrued Liabilities	228		36
Other accrued liabilites [Member]	'		'
Less accumulated depreciation:	'		'
Accrued Liabilities	69		557
Building [Member]	'		'
Less accumulated depreciation:	'		'
Property, Plant and Equipment, Accumulated Depreciation	-7,033		-6,794
Machinery and Equipment [Member]	'		'
Less accumulated depreciation:	'		'
Property, Plant and Equipment, Accumulated Depreciation	-19,759	[1]	-18,409	[1]
Furniture and Fixtures [Member]	'		'
Less accumulated depreciation:	'		'
Property, Plant and Equipment, Accumulated Depreciation	-1,431		-1,369
Computer Equipment [Member]	'		'
Less accumulated depreciation:	'		'
Property, Plant and Equipment, Accumulated Depreciation	-4,438	[2]	-4,119	[2]
Leasehold Improvements [Member]	'		'
Less accumulated depreciation:	'		'
Property, Plant and Equipment, Accumulated Depreciation	($1,354)	[3]	($1,224)	[3]

[1]	Included within machinery and equipment were assets under capital leases with costs of $6,161 and $5,194 as at June 29, 2014, and December 29, 2013, respectively and associated accumulated depreciation of $1,646 and $1,624 as of June 29, 2014 and December 29, 2013, respectively. The related depreciation expense for the three months ended June 29, 2014 and June 30, 2013 were $169 and $207, respectively. The related depreciation expense for the six months ended June 29, 2014 and June 30, 2013 was $341 and $407, respectively.
[2]	Included within computer hardware and software were assets under capital leases with costs of $524 and $481 as at June 29, 2014 and December 29, 2013, respectively and associated accumulated depreciation of $350 and $266 as at June 29, 2014, and December 29, 2013, respectively. The related depreciation expense for the three months ended June 29, 2014 and June 30, 2013 was $44 and $33, respectively. The related depreciation for the six months ended June 29, 2014 and June 30, 2013 was $84 and $67, respectively.
[3]	Included within leasehold improvements were assets under capital leases with costs of $73 as at June 29, 2014 and December 29, 2013, and associated accumulated depreciation of $34 and $27 as at June 29, 2014, and December 29, 2013, respectively. The related depreciation expense for the three and six months ended June 29, 2014 and June 30, 2013 was $3 and $7, respectively.

Note_3_Interim_Consolidated_Fi4

Note 3 - Interim Consolidated Financial Statement Details (Details) - Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
Consolidated Statements of Operations and Comprehensive Income (Loss) [Abstract]	'	'	'	'
Term facility	'	$24	'	$61
Revolving credit facility	289	273	552	479
Non-cash interest	136	94	240	185
Obligations under capital leases	48	54	75	104
Interest expense	$473	$445	$867	$829

Note_4_Debt_Details

Note 4 - Debt (Details)	6 Months Ended
	Jun. 29, 2014	Jun. 29, 2014	Jun. 29, 2014	Jun. 29, 2014	Jun. 29, 2014	Apr. 07, 2014	Apr. 06, 2014	Dec. 29, 2013	Dec. 29, 2013
	United States of America, Dollars	United States of America, Dollars	Canada, Dollars	Revolving Credit Facility [Member]	Revolving Credit Facility [Member]	Revolving Credit Facility [Member]	Revolving Credit Facility [Member]	Revolving Credit Facility [Member]	Revolving Credit Facility [Member]
	PNC Facility [Member]	Canadian Facility [Member]	PNC Facility [Member]	PNC Bank [Member]	PNC Bank [Member]	PNC Bank [Member]	PNC Bank [Member]	PNC Bank [Member]	PNC Bank [Member]
	Base Rate [Member]	Base Rate [Member]	Base Rate [Member]	USD ($)	CAD	USD ($)	USD ($)	USD ($)	CAD
Note 4 - Debt (Details) [Line Items]	'	'	'	'	'	'	'	'	'
Debt Instrument, Basis Spread on Variable Rate	1.75%	1.75%	1.75%	'	'	'	'	'	'
Long-term Line of Credit	'	'	'	$21,750,000	1,278,000	'	'	$20,222,000	618,000
Line of Credit Facility, Maximum Borrowing Capacity	'	'	'	'	'	$40,000,000	$45,000,000	'	'

Note_5_Capital_Stock_Details

Note 5 - Capital Stock (Details) (USD $)

3 Months Ended

6 Months Ended

12 Months Ended

3 Months Ended

6 Months Ended

In Thousands, except Share data, unless otherwise specified

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Jun. 30, 2013

Dec. 29, 2013

Dec. 31, 2013

Mar. 30, 2014

Dec. 29, 2013

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Jun. 30, 2013

Dec. 29, 2013

Special Voting Stock[Member]

Restricted Stock Units (RSUs) [Member]

Note 5 - Capital Stock (Details) [Line Items]

Common Stock, Shares Authorized

26,000,000

5,000,000

Common Stock, Par or Stated Value Per Share (in Dollars per share)

$0.01

Common Stock, Voting Rights

'one

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period

Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition (in Dollars)

$60

$81

$105

$181

Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options (in Dollars)

210

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

99,819

Allocated Share-based Compensation Expense (in Dollars)

$33

$50

Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number

208,989

Note_5_Capital_Stock_Details_C

Note 5 - Capital Stock (Details) - Common Shares Issued and Outstanding (USD $)	6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 29, 2014	Jun. 28, 2014
Common Shares Issued and Outstanding [Abstract]	'	'
Balance at December 29, 2013	16,417,256	16,417,276
Balance at December 29, 2013 (in Dollars)	$390	$390
Exchangeable shares converted to common stock	20	'
Balance at June 29, 2014	16,417,276	16,417,276
Balance at June 29, 2014 (in Dollars)	390	390
Total Common stock	16,417,276	16,417,276
Total Common stock (in Dollars)	$390	$390

Note_5_Capital_Stock_Details_S

Note 5 - Capital Stock (Details) - Stock Option Activity (USD $)	6 Months Ended
	Jun. 29, 2014	Dec. 29, 2013
Stock Option Activity [Abstract]	'	'
Outstanding, number	410,000	435,000
Outstanding, weighted average exercise price	$2.51	$2.50
Outstanding, weighted average remaining contractual term	'3 years 146 days	'
Exercisable at June 29, 2014	220,002	'
Exercisable at June 29, 2014	$2.78	'
Exercisable at June 29, 2014	'3 years 73 days	'
Options forfeited	-25,000	'
Options forfeited	$2.38	'

Note_6_Income_Taxes_Details

Note 6 - Income Taxes (Details) (USD $)	3 Months Ended		6 Months Ended
Note 6 - Income Taxes (Details) (USD $)	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Dec. 29, 2013
Note 6 - Income Taxes (Details) [Line Items]	'	'	'	'	'
Income Tax Expense (Benefit)	$260,000	$402,000	$443,000	$830,000	'
Operating Loss Carryforwards	'	'	'	'	88,200,000
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	257,000	'	257,000	'	274,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	83,000	'	83,000	'	73,000
Expire in 2014 [Member]	'	'	'	'	'
Note 6 - Income Taxes (Details) [Line Items]	'	'	'	'	'
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	'	'	'	'	10,200,000
Expire in 2015 [Member]	'	'	'	'	'
Note 6 - Income Taxes (Details) [Line Items]	'	'	'	'	'
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	'	'	'	'	4,100,000
Expire in 2018 [Member]	'	'	'	'	'
Note 6 - Income Taxes (Details) [Line Items]	'	'	'	'	'
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	'	'	'	'	1,100,000
Expire in 2023 [Member]	'	'	'	'	'
Note 6 - Income Taxes (Details) [Line Items]	'	'	'	'	'
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	'	'	'	'	20,600,000
Expire in 2026 [Member]	'	'	'	'	'
Note 6 - Income Taxes (Details) [Line Items]	'	'	'	'	'
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	'	'	'	'	3,400,000
Expire in 2027 [Member]	'	'	'	'	'
Note 6 - Income Taxes (Details) [Line Items]	'	'	'	'	'
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	'	'	'	'	500,000
Expire in 2028 [Member]	'	'	'	'	'
Note 6 - Income Taxes (Details) [Line Items]	'	'	'	'	'
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	'	'	'	'	$4,300,000
Minimum [Member]	'	'	'	'	'
Note 6 - Income Taxes (Details) [Line Items]	'	'	'	'	'
Open Tax Year	'	'	'2009	'	'
Maximum [Member]	'	'	'	'	'
Note 6 - Income Taxes (Details) [Line Items]	'	'	'	'	'
Open Tax Year	'	'	'2013	'	'

Note_7_Earnings_Loss_Per_Commo2

Note 7 - Earnings (Loss) Per Common Share (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 30, 2013
	Jun. 29, 2014	Jun. 30, 2013	Equity Option [Member]
Note 7 - Earnings (Loss) Per Common Share (Details) [Line Items]	'	'	'
Treasury Stock Method, Dilutive Options Average Share Price Used (in Dollars per share)	$1.76	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	'	41,360	52,873

Note_7_Earnings_Loss_Per_Commo3

Note 7 - Earnings (Loss) Per Common Share (Details) - Common Shares Outstanding for Basic and Diluted Earnings Per Share	3 Months Ended				6 Months Ended
	Jun. 29, 2014		Jun. 30, 2013		Jun. 29, 2014		Jun. 30, 2013
Common Shares Outstanding for Basic and Diluted Earnings Per Share [Abstract]	'		'		'		'
Basic weighted average shares outstanding	16,417,276		16,346,025		16,417,273		16,345,109
Dilutive stock options(a) (b)	'	[1],[2]	'	[1],[2]	'	[1],[2]	'	[1],[2]
Diluted weighted average shares outstanding	16,417,276		16,346,025		16,417,273		16,345,109

[1]	As a result of the net earnings from continuing operations for the three months ended June 29, 2014, dilutive options were determined using the treasury stock method, using an average price of $1.76 per share. As a result of the net loss for the six months ended June 29, 2014, diluted earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive.
[2]	As a result of the net loss for the three and six months ended June 30, 2013, diluted earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive. Had there been net earnings, the impact of dilutive stock options would have been calculated as 41,360 and 52,873 respectively for the three and six months ended June 30, 2013.

Note_8_Segmented_Information_D

Note 8 - Segmented Information (Details)

6 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Dec. 29, 2013

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Dec. 29, 2013

Jun. 29, 2014

Dec. 29, 2013

Major Customer 1 [Member]

Major Customer 2 [Member]

Major Customer 3 [Member]

Sales Revenue, Net [Member]

Accounts Receivable [Member]

Sales Revenue, Net [Member]

Accounts Receivable [Member]

Sales Revenue, Net [Member]

Accounts Receivable [Member]

Customer Concentration Risk [Member]

Note 8 - Segmented Information (Details) [Line Items]

Number of Operating Segments

Concentration Risk, Percentage

30.00%

37.50%

33.00%

37.50%

16.30%

22.30%

12.70%

13.10%

10.10%

14.40%

17.70%

11.00%

10.10%

4.10%

3.70%

Note_8_Segmented_Information_D1

Note 8 - Segmented Information (Details) - Segment Reporting Information, by Segment (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
Revenues	'	'	'	'
Revenues	$57,984	$64,896	$116,007	$130,343
Adjusted EBITDA	'	'	'	'
Adjusted EBITDA	2,254	-3,445	3,524	-106
Interest	473	445	867	829
Restructuring charges	509	702	1,179	1,154
Depreciation	979	1,008	2,107	1,917
Earnings (loss) before income taxes	293	-5,600	-629	-4,006
Additions to Property, Plant and Equipment	2,276	-574	2,528	320
Reportable Geographical Components [Member] \| MEXICO	'	'	'	'
Revenues	'	'	'	'
Revenues	38,945	42,806	77,702	91,674
Reportable Geographical Components [Member] \| Asia [Member]	'	'	'	'
Revenues	'	'	'	'
Revenues	15,159	11,901	30,689	23,683
Reportable Geographical Components [Member] \| CANADA	'	'	'	'
Revenues	'	'	'	'
Revenues	'	6,723	'	12,703
Reportable Geographical Components [Member] \| UNITED STATES	'	'	'	'
Revenues	'	'	'	'
Revenues	13,849	11,722	26,541	22,226
Reportable Geographical Components [Member]	'	'	'	'
Revenues	'	'	'	'
Revenues	67,953	73,152	134,932	150,286
Geography Eliminations [Member] \| MEXICO	'	'	'	'
Revenues	'	'	'	'
Revenues	-142	-194	-507	-5,055
Geography Eliminations [Member] \| Asia [Member]	'	'	'	'
Revenues	'	'	'	'
Revenues	-3,758	-1,064	-7,024	-3,483
Geography Eliminations [Member] \| CANADA	'	'	'	'
Revenues	'	'	'	'
Revenues	'	-1,417	'	-2,541
Geography Eliminations [Member] \| UNITED STATES	'	'	'	'
Revenues	'	'	'	'
Revenues	-6,069	-5,581	-11,394	-8,864
Geography Eliminations [Member]	'	'	'	'
Revenues	'	'	'	'
Revenues	-9,969	-8,256	-18,925	-19,943
Product Shipment Destination [Member] \| MEXICO	'	'	'	'
Revenues	'	'	'	'
Revenues	'	9	4	30
Product Shipment Destination [Member] \| Asia [Member]	'	'	'	'
Revenues	'	'	'	'
Revenues	1,578	2,061	2,655	4,308
Product Shipment Destination [Member] \| CANADA	'	'	'	'
Revenues	'	'	'	'
Revenues	5,358	7,092	9,733	18,778
Product Shipment Destination [Member] \| UNITED STATES	'	'	'	'
Revenues	'	'	'	'
Revenues	51,048	54,356	103,331	104,422
Product Shipment Destination [Member] \| Europe [Member]	'	'	'	'
Revenues	'	'	'	'
Revenues	'	1,378	284	2,805
Product Shipment Destination [Member]	'	'	'	'
Revenues	'	'	'	'
Revenues	57,984	64,896	116,007	130,343
MEXICO	'	'	'	'
Revenues	'	'	'	'
Revenues	38,803	42,612	77,195	86,619
Adjusted EBITDA	'	'	'	'
Adjusted EBITDA	735	-1,736	253	794
Additions to Property, Plant and Equipment	2,088	510	2,265	921
Asia [Member]	'	'	'	'
Revenues	'	'	'	'
Revenues	11,401	10,837	23,665	20,200
Adjusted EBITDA	'	'	'	'
Adjusted EBITDA	1,196	335	2,622	870
Additions to Property, Plant and Equipment	39	79	39	422
CANADA	'	'	'	'
Revenues	'	'	'	'
Revenues	'	5,306	'	10,162
Adjusted EBITDA	'	'	'	'
Adjusted EBITDA	369	-2,149	199	-2,131
Additions to Property, Plant and Equipment	92	-1,288	112	-1,214
UNITED STATES	'	'	'	'
Revenues	'	'	'	'
Revenues	7,780	6,141	15,147	13,362
Adjusted EBITDA	'	'	'	'
Adjusted EBITDA	-46	105	450	361
Additions to Property, Plant and Equipment	$57	$125	$112	$191

Note_8_Segmented_Information_D2

Note 8 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas (USD $)	Jun. 29, 2014	Dec. 29, 2013
In Thousands, unless otherwise specified	Jun. 29, 2014	Dec. 29, 2013
Note 8 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas [Line Items]	'	'
Long-lived assets	$18,647	$18,219
MEXICO	'	'
Note 8 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas [Line Items]	'	'
Long-lived assets	13,182	12,236
Asia [Member]	'	'
Note 8 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas [Line Items]	'	'
Long-lived assets	3,251	3,534
CANADA	'	'
Note 8 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas [Line Items]	'	'
Long-lived assets	354	399
UNITED STATES	'	'
Note 8 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas [Line Items]	'	'
Long-lived assets	$1,860	$2,050

Note_9_Restructuring_Charges_D

Note 9 - Restructuring Charges (Details) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

In Thousands, unless otherwise specified

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Mar. 30, 2014

Jun. 29, 2014

Mar. 30, 2014

Jun. 29, 2014

Mar. 30, 2014

Jun. 29, 2014

Mar. 30, 2014

Jun. 29, 2014

Mar. 30, 2014

Jun. 29, 2014

Mar. 30, 2014

Employee Severance [Member]

Facility Closing [Member]

2012 Plan [Member]

2014 Plan [Member]

2012 Plan [Member]

2014 Plan [Member]

2012 Plan [Member]

MEXICO

CANADA

Asia [Member]

Note 9 - Restructuring Charges (Details) [Line Items]

Restructuring Reserve, Period Increase (Decrease)

Payments for Restructuring

397

670

525

598

397

670

Restructuring and Related Cost, Incurred Cost

670

Restructuring and Related Cost, Number of Positions Eliminated

290

Restructuring Charges

$509

$702

$1,179

$1,154

$509

$670

$194

$296

$19

$509

$670

Note_9_Restructuring_Charges_D1

Note 9 - Restructuring Charges (Details) - Changes in Restructuring Accrual (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

In Thousands, unless otherwise specified

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Jun. 30, 2013

Jun. 29, 2014

Mar. 30, 2014

Jun. 29, 2014

Mar. 30, 2014

Jun. 29, 2014

Mar. 30, 2014

Jun. 29, 2014

Mar. 30, 2014

Jun. 29, 2014

Mar. 30, 2014

2012 Plan [Member]

2014 Plan [Member]

Employee Severance [Member]

Facility Closing [Member]

Employee Severance [Member]

Restructuring Cost and Reserve [Line Items]

Balance at period start

$32

$105

$525

$32

$630

Balance at period end

112

Payments

-32

-73

-32

-525

-32

-598

-397

-670

-397

-670

2014 Plan

Charges

$509

$702

$1,179

$1,154

$509

$670

$509

$670

Note_11_Derivative_Financial_I2

Note 11 - Derivative Financial Instruments (Details) (Cost of Sales [Member], USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
Cost of Sales [Member]	'	'	'	'
Note 11 - Derivative Financial Instruments (Details) [Line Items]	'	'	'	'
Unrealized Gain (Loss) on Derivatives	$797	($2,123)	$889	$1,104
Gain (Loss) on Sale of Derivatives	$325	$356	$775	$636

Note_11_Derivative_Financial_I3

Note 11 - Derivative Financial Instruments (Details) - Outstanding Foreign Currency Forward Contracts (Foreign Exchange Forward [Member], USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 29, 2014	Jun. 29, 2014	Dec. 29, 2013
	Canada, Dollars	Mexico, Pesos	Jun. 29, 2014	Dec. 29, 2013
Derivative [Line Items]	'	'	'	'
Derivative Activity	'Buy	'Buy	'	'
Foreign Currency Amount	$5,300	$242,228	$413	$0
Notional Contract Value in USD	$4,963	$18,289	'	'

Note_11_Derivative_Financial_I4

Note 11 - Derivative Financial Instruments (Details) - Fair Value of Derivative Instruments (Foreign Exchange Forward [Member], USD $)	Jun. 29, 2014	Dec. 29, 2013
In Thousands, unless otherwise specified	Jun. 29, 2014	Dec. 29, 2013
Foreign Exchange Forward [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Prepaid expenses and other assets	$413	$0
Accrued liabilities	0	-476
Net fair value of derivative financial instruments	$413	($476)

Note_12_Contingent_Considerati1

Note 12 - Contingent Consideration (Details) (USD $)	3 Months Ended	6 Months Ended	1 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2013	Aug. 31, 2011	Jun. 29, 2014	Jun. 30, 2013
	Jun. 30, 2013	Jun. 30, 2013	ZF Array Technologies [Member]	ZF Array Technologies [Member]	ZF Array Technologies [Member]
Note 12 - Contingent Consideration (Details) [Line Items]	'	'	'	'	'
Business Combination, Contingent Consideration, Liability	'	'	$2,400	'	'
Business Combination, Contingent Consideration Arrangements, Change in Range of Outcomes, Contingent Consideration, Liability, Value, High	'	'	2,400	'	'
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	$250	$250	'	$0	$250

Note_13_Subsequent_Event_Detai

Note 13 - Subsequent Event (Details) (Subsequent Event [Member], Canadian Facility [Member], Sub-Lease [Member], USD $)	0 Months Ended
In Thousands, unless otherwise specified	Jul. 01, 2014	Jun. 30, 2014
	Jul. 01, 2014	sqft
Subsequent Event [Member] \| Canadian Facility [Member] \| Sub-Lease [Member]	'	'
Note 13 - Subsequent Event (Details) [Line Items]	'	'
Area of Real Estate Property	'	41,500
Reduction in Annual Rent Expense as a Result of Sub-Lease	$300	'