SMTC (SMTX) 10-Q 29 Apr 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 29, 2015	Apr. 24, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	SMTC CORP
Document Type	10-Q
Current Fiscal Year End Date	-16
Entity Common Stock, Shares Outstanding		16,417,276
Amendment Flag	FALSE
Entity Central Index Key	1108320
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-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Interim_Consolidated_Balance_S

Interim Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 29, 2015	Dec. 28, 2014
In Thousands, unless otherwise specified
Current assets:
Cash	$5,172	$5,447
Accounts receivable — net (note 4)	26,060	31,024
Inventories (note 4)	34,806	31,590
Prepaid expenses and other assets	2,087	2,135
Income taxes receivable	335	359
Deferred income taxes — net	523	428
	68,983	70,983
Property, plant and equipment — net (note 4)	17,054	17,590
Deferred financing costs — net (note 4)	82	90
	86,119	88,663
Current liabilities:
Accounts payable	28,189	29,425
Accrued liabilities (note 4)	7,424	7,080
Derivative liabilities (note 10)	3,021	2,703
Income tax payable	409	449
Revolving credit facility (note 5)	20,131	21,370
Current portion of capital lease obligations	833	980
	60,007	62,007
Capital lease obligations	656	866
Shareholders’ equity:
Capital stock (note 6)	390	390
Additional paid-in capital	264,086	263,996
Deficit	-239,020	-238,596
	25,456	25,790
	$86,119	$88,663

Interim_Consolidated_Statement

Interim Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014
Revenue	$48,714	$58,023
Cost of sales (note 10)	45,086	53,312
Gross profit	3,628	4,711
Selling, general and administrative expenses	3,665	4,243
Restructuring charges		670
Operating (loss)	-37	-202
Interest expense (note 4)	310	394
Loss before income taxes	-347	-596
Income tax expense (recovery) (note 7):
Current	172	180
Deferred	-95	3
	77	183
Net loss and comprehensive loss	($424)	($779)	[1]
Loss per share:
Basic (in Dollars per share)	($0.03)	($0.05)
Diluted (in Dollars per share)	($0.03)	($0.05)
Weighted average number of shares outstanding (note 8):
Basic (in Shares)	16,417,276	16,417,270
Diluted (in Shares)	16,417,276	16,417,270
[1]	Revised net loss and deficit to adjust for prior period errors. Refer to Note 2 for further details.

Interim_Consolidated_Statement1

Interim Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) (USD $)		Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
In Thousands
Balance at Dec. 29, 2013	[1]	$390	$263,732	($234,718)	$29,404
Stock-based compensation			45		45
Net loss	[1]			-779	-779
Balance at Mar. 30, 2014	[1]	390	263,777	-235,497	28,670
Balance at Dec. 28, 2014		390	263,996	-238,596	25,790
Stock-based compensation			90		90
Net loss				-424	-424
Balance at Mar. 29, 2015		$390	$264,086	($239,020)	$25,456
[1]	Revised net loss and deficit to adjust for prior period errors. Refer to Note 2 for further details.

Interim_Consolidated_Statement2

Interim Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014
Operations:
Net loss	($424)	($779)	[1]
Depreciation	1,026	953
Unrealized loss (gain) on derivative financial instruments	318	-243
Deferred income taxes	-95	3
Amortization of deferred financing fees	8	104
Stock-based compensation	90	45
Change in non-cash operating working capital:
Accounts receivable	4,964	2,190
Inventories	-3,216	-92
Prepaid expenses and others assets	48	266
Income taxes receivable/payable	-16	-173
Accounts payable	-1,286	554	[2]
Accrued liabilities	355	-1,392	[2]
	1,772	1,436
Financing:
Net repayment of revolving credit facility	-1,239	-369
Principal payment of capital lease obligations	-357	-367
	-1,596	-736
Investing:
Purchase of property, plant and equipment	-451	-263
	-451	-263	[2]
(Decrease) increase in cash	-275	437
Cash, beginning of period	5,447	3,295
Cash, end of the period	5,172	3,732
Supplemental Information
Property, plant and equipment acquired that was included in accounts payable and accrued liabilities	$140	$132
[1]	Revised net loss and deficit to adjust for prior period errors. Refer to Note 2 for further details.
[2]	The net change of $11 related to purchases of property, plant and equipment that were paid in cash as at March 30, 2014. This was the result of additions from 2013 of $143 unpaid in cash as at December 29, 2013 paid in the first three months of 2014 offset by the additions for the first three months of 2014 unpaid in cash of $132.

Note_1_Nature_of_the_Business

Note 1 - Nature of the Business	3 Months Ended
	Mar. 29, 2015
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. 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 period ended December 28, 2014, (“Form 10-K”) filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2015. 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 statement of the consolidated financial statements 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 Company’s Form 10-K. The consolidated balance sheet at December 28, 2014 was derived from the audited annual consolidated financial statements, but does not contain all of the footnote disclosures from the annual consolidated financial statements.

Note_2_Revisions_of_Previously

Note 2 - Revisions of Previously Issued Financial Statements	3 Months Ended
	Mar. 29, 2015
Accounting Changes and Error Corrections [Abstract]
Accounting Changes and Error Corrections [Text Block]	2	Revisions of Previously Issued Financial Statements
	In connection with the preparation of the consolidated financial statements of the Company for the year ended December 28, 2014, the Company identified certain errors in its previously issued consolidated financial statements for the periods ended December 29, 2013, December 30, 2012 and opening January 2, 2012. The errors related to (i) an understatement of amortization expense due to an error uncovered in the Company’s amortization schedule; (ii) an understatement of unrealized losses related to the mark to market revaluation of outstanding derivative forward contracts; (iii) an understatement of employee benefit obligations related to seniority premiums earned by Mexican employees; (iv) overstatement of deferred tax assets associated with temporary differences on certain benefit obligations in Mexico; and (v) an overstatement of cash used in investing activities related to unpaid purchases of property, plant and equipment and a corresponding understatement of accounts payable and accrued liabilities impacting cash flow from operations and (vi) reclassification of previously reported gross revenues and intersegment revenue elimination between Mexico and China.
	The following table summarizes the selected line items from the Company’s interim consolidated financial statements illustrating the effect of these adjustments to the comparative quarter.
	Impact on the Interim Consolidated		30-Mar-14			Adjustment			30-Mar-14
	Statements of Operations and Comprehensive Loss		As						As
			previously filed						adjusted
	In thousands, except per share data
	Cost of sales – depreciation (1)		$	1,128		$	(175	)	$	953
	Cost of sales – unrealized gain on derivative instruments (2)			(92	)		(151	)		(243	)
	Gross profit			4,385			326			4,711
	Operating loss			(528	)		326			(202	)
	Net loss and comprehensive loss		$	(1,105	)	$	326		$	(779	)
	Basic and diluted loss per share			(0.07	)					(0.05	)
	Impact on the Interim Consolidated Statement of Changes in Shareholders’ Equity		30-Mar-14			Adjustment			30-Mar-14
			As						As
	In thousands		previously filed						adjusted
	Shareholders’ equity – deficit (3)			(234,105	)		(1,392	)		(235,497	)
	Impact on the Interim Consolidated Statement of Cash Flow		30-Mar-14			Adjusted			30-Mar-14
			As						As
			previously filed						adjusted
	In thousands
	Net loss		$	(1,105	)	$	326		$	(779	)
	Items not involving cash:
	Depreciation			1,128			(175	)		953
	Unrealized gain on derivative instruments			(92	)		(151	)		(243	)
	Accounts payable (4)			479			75			554
	Accrued liabilities (4)			(1,328	)		(64	)		(1,392	)
	Cash flow provided by operations			1,425			11			1,436
	Cash flow provided from financing			(736	)		—			(736	)
	Cash flow used by investing (4)			(252	)		(11	)		(263	)
	Increase (decrease) in cash			437			—			437
	Cash, beginning of period			3,295			—			3,295
	Cash, end of period		$	3,732			—		$	3,732
		-1	Cost of sales has been reduced by $175 for the three months ended March 30, 2014 on the interim consolidated statement of operations and comprehensive loss related to a reduction to amortization of $175 due to an error.
		-2	Cost of sales has also been reduced by $151 for the three months ended March 30, 2014 related to the revaluation of the outstanding derivative forward contracts.
		-3	The total net change of ($1,392) to the deficit was the result of the opening, fiscal 2014 understatement of expenses of ($1,718) related to the prior period errors. This was offset by the reductions to cost of sales of $326 for the three months ended March 30, 2014 as described above.
		-4	The net change of $11 related to purchases of property, plant and equipment that were paid in cash as at March 30, 2014. This was the result of additions from 2013 of $143 unpaid in cash as at December 29, 2013 paid in the first three months of 2014 offset by the additions for the first three months of 2014 unpaid in cash of $132.

Note_3_Recently_Adopted_Accoun

Note 3 - Recently Adopted Accounting Pronouncements	3 Months Ended
	Mar. 29, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	3	Recently Adopted Accounting Pronouncements
	In April 2014, the FASB published ASU 2014-08 Topics 205 and 360: Presentation of Financial Statements and Property, Plant and Equipment. The amendments change the criteria for reporting discontinued operations and add new disclosure requirements for discontinued operations and individually significant components of an entity that are disposed of or classified as held for sale but do not meet the definition of discontinued operation. The amendments are effective for years beginning on/after December 15, 2014, and interim periods within those years. The adoption of ASU 2014-08 had no impact on our consolidated financial statements.
		Recent Accounting Pronouncements
	In May 2014, the FASB published ASU 2014-09 Topic 606: Revenue from Contracts with Customers, which supersedes (i) revenue recognition requirements in Topic 605 and most related industry-specific guidance, and (ii) cost guidance included in Subtopic 605-35, Revenue Recognition—Construction-Type and Production-Type Contracts, and amends existing requirements for recognition of a gain/loss on the transfer of nonfinancial assets that are not in a contract with a customer (for example, assets within the scope of Topic 360, Property, Plant, and Equipment, and intangible assets within the scope of Topic 350, Intangibles—Goodwill and Other) to be consistent with the new requirements. The standard is effective for years beginning after December 15, 2016 including interim periods with those years. The impact of adoption of the standard has not yet been determined.
	In June 2014, the FASB published ASU 2014-12 Topic 718: Compensation – Stock Compensation. The standard is amended to require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The standard is effective for all entities for years, and interim periods within those years, beginning after December 15, 2015. The impact of adoption of the standard has not yet been determined.
	In August 2014, the FASB published ASU 2014-15 Topics 205-40: Presentation of Financial Statements – Going Concern. The standard provides guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. Effective for years ending after December 15, 2016 and for years and interim periods thereafter. The impact of adoption of the standard has not yet been determined.
	In April 2015, the FASB published ASU 2015-03 Topics 835-30: Presentation of Debt Issuance Costs. The standard provides guidance about simplifying the presentation of debt issuance costs. Under this ASU, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. Effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2015. The impact of adoption of the standard has not yet been determined.

Note_4_Interim_Consolidated_Fi

Note 4 - Interim Consolidated Financial Statement Details	3 Months Ended
	Mar. 29, 2015
Disclosure Text Block Supplement [Abstract]
Condensed Financial Statements [Text Block]	4	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 loss.
	Consolidated Balance Sheets
	Accounts receivable – net:
			March 29,			December 28,
			2015			2014
	Accounts receivable		$	26,328		$	31,354
	Allowance for doubtful accounts			(268	)		(330	)
	Accounts receivable—net		$	26,060		$	31,024
	Inventories:
			March 29,			December 28,
			2015			2014
	Raw materials		$	25,656		$	25,973
	Work in process			4,834			2,099
	Finished goods			3,533			2,743
	Parts			783			775
	Inventories		$	34,806		$	31,590
	Inventories are recorded net of a provision for obsolescence as at March 29, 2015 and December 28, 2014 of $573 and $475 respectively.
	Property, plant and equipment – net:
			March 29,			December 28,
			2015			2014
	Cost:
	Land		$	1,648		$	1,648
	Buildings			9,878			9,878
	Machinery and equipment (a)			31,983			31,592
	Office furniture and equipment			1,697			1,690
	Computer hardware and software (b)			6,002			5,930
	Leasehold improvements (c)			2,476			2,456
				53,684			53,194
	Less accumulated depreciation:
	Land			—			—
	Buildings			(7,394	)		(7,275	)
	Machinery and equipment (a)			(21,175	)		(20,545	)
	Office furniture and equipment			(1,547	)		(1,513	)
	Computer hardware and software (b)			(4,948	)		(4,774	)
	Leasehold improvements (c)			(1,566	)		(1,497	)
				(36,630	)		(35,604	)
	Property, plant and equipment—net		$	17,054		$	17,590
	(a)	Included within machinery and equipment were assets under capital leases with costs of $3,153 and $3,495 and associated accumulated depreciation of $875 and $916 as of March 29, 2015 and December 28, 2014, respectively. The related depreciation expense for the three months ended March 29, 2015 and March 30, 2014 were $124 and $171, respectively.
	(b)	Included within computer hardware and software were assets under capital leases with costs of $359 and $498 and associated accumulated depreciation of $297 and $417 as at March 29, 2015 and December 28, 2014, respectively. The related depreciation expense for the three months ended March 29, 2015 and March 30, 2014 were $19 and $40, respectively.
	(c)	Included within leasehold improvements were assets under capital leases with costs of Nil and $73 and associated accumulated depreciation of Nil and $42 as of March 29, 2015 and December 28, 2014, respectively. The related depreciation expense was $2 and $4 for the three months ended March 29, 2015 and March 30, 2014, respectively.
	Deferred financing fees:
			March 29,			December 28,
			2015			2014
	Deferred financing fees		$	1,290		$	1,290
	Accumulated amortization			(1,208	)		(1,200	)
			$	82		$	90
	Accrued liabilities:
			March 29,			December 28,
			2015			2014
	Customer related		$	2,921		$	2,074
	Payroll			3,684			4,014
	Professional services			298			395
	Vendor related			157			29
	Other			364			568
	Accrued liabilities		$	7,424		$	7,080
	Consolidated Statements of Operations and Comprehensive Loss
	Interest expense:
			Three months ended
			March 29,			March 30,
			2015			2014
	Revolving credit facility			260			263
	Amortization of deferred financing fees			8			104
	Obligations under capital leases			42			27
Interest expense		$	310		$	394

Note_5_Debt

Note 5 - Debt	3 Months Ended
	Mar. 29, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	5	Debt
	(a) Revolving credit facility
	The Company borrows money under a Revolving Credit and Security Agreement with PNC Bank, National Association (“PNC”). On September 24, 2014, an amendment to the PNC Facility was signed and the term of the PNC Facility was extended to January 2, 2018. Advances made under the PNC Facility bear interest at the U.S. base rate plus 1.25%. Depending on the Company’s consolidated fixed charge coverage ratio, there is an opportunity to reduce the interest rate to U.S. base rate plus 0.75%. The base commercial lending rate should approximate prime rate. The effective weighted average interest rate for the three months ended March 29, 2015 was 4.50% compared to 4.00% for the three months ended March 30, 2014.
	At March 29, 2015, $20,131 was outstanding under the PNC Facility, compared to $21,370 as at December 28, 2014 and is classified as a current liability based on the terms of the PNC Facility.
	The maximum amount of funds available under the PNC Facility is $40,000. Availability under the PNC Facility is subject to certain conditions, including borrowing base conditions based on eligible inventory and accounts receivable, and certain conditions as determined by the lender. 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 this 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. Repayment under the PNC Facility is secured by the assets of the Company and each of its subsidiaries.
	(b) Covenants
	The PNC Facility agreement contains certain financial and non-financial covenants.
	The financial covenants require the Company to maintain minimum fixed charge coverage ratio and limit unfunded capital expenditures (all as defined in the credit agreement governing the PNC Facility).  The financial covenant relating to a minimum fixed charge coverage ratio is in effect for three months ending September 28, 2014, six months ending December 28, 2014, nine months ending March 29, 2015 and twelve months ending June 28, 2015 and thereafter on a rolling twelve month basis until December 31, 2017.  Market conditions are 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 unless the Company obtains a waiver from the lender.
	The Company is in compliance with the financial covenants included in the PNC Facility as of March 29, 2015.

Note_6_Capital_Stock

Note 6 - Capital Stock	3 Months Ended
	Mar. 29, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	6	Capital stock
	Common shares
	Issued and outstanding:
	The issued and outstanding number of common shares included in shareholders’ equity consisted of the following:
			Number			$
			of shares
	Balances at December 28, 2014 and March 29, 2015			16,417,276		$	390
	Total Common Shares			16,417,276		$	390
	Stock Options
	For information regarding the Company’s stock option arrangements, see Note 6 of the consolidated financial statements within the Company’s Form 10-K for the fiscal period ended December 28, 2014. There were no stock options granted during the three month period ended March 29, 2015. A summary of stock option activity for the three month period ended March 29, 2015 is as follows:
			Number			Weighted		Aggregate		Weighted
			of options			average		intrinsic		average
						exercise		value		remaining
						price				contractual
										term (years)
	Outstanding at December 28, 2014			817,212		$	2.07		—		7.3
	Expired			(33,333	)	$	3.11
	Forfeited			(62,476	)	$	2.15
	Outstanding			721,403		$	2.02	$	—		7.2
	Exercisable at March 29, 2015			170,002		$	2.49	$	—		3
	During the three month periods ended March 29, 2015 and March 30, 2014, the Company recorded stock-based compensation expense and a corresponding increase in additional paid-in capital of $33 and $26, respectively.
	Restricted Stock Units
	For information regarding the Company’s Restricted Stock Units (“RSU”) arrangements, see Note 6 of the consolidated financial statements within the Company’s Form 10-K for the fiscal period ended December 28, 2014. There were no RSU’s granted during the three months ended March 29, 2015. A summary of the RSU activity for the three month period ended March 29, 2015 is as follows:
			Outstanding			Weighted		Weighted
			RSU			average		average
						stock		remaining
						price		contractual
								term (years)
	Outstanding balance at December 28, 2014			520,433		$	1.94		2.5
	RSU forfeited			(49,630	)	$	1.91
	Outstanding balance at March 29, 2015			470,803		$	1.95		2
	Stock based compensation recognized during the three month period ended March 29, 2015 and March 30, 2014 related to the restricted stock units was $57 and $17.

Note_7_Income_Taxes

Note 7 - Income Taxes	3 Months Ended
	Mar. 29, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	7	Income taxes
	During the three months ended March 29, 2015 and March 30, 2014, the Company recorded a net income tax expense of $77 and $183, respectively, primarily related to minimum taxes and taxes on profits in certain jurisdictions.
	Tax years 2010 to 2014 remain open for review by the tax authorities in Canada, US and Mexico.
	In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of its U.S. 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. In 2014, it was determined by management that a full valuation allowance was required to be recorded against the remaining deferred tax assets associated with the U.S. jurisdiction as it was not likely to be realized. The Canadian jurisdiction continues to have a full valuation allowance recorded against the deferred tax assets. In the first quarter of 2015, it was concluded by management that a full valuation allowance associated with the U.S. jurisdiction was still appropriate.

Note_8_Earnings_Per_Common_Sha

Note 8 - Earnings Per Common Share	3 Months Ended
	Mar. 29, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	8	Earnings 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
	(Number of common shares)		29-Mar-15		30-Mar-14
	Basic weighted average shares outstanding			16,417,276		16,417,270
	Dilutive stock options(a)			—		—
	Diluted weighted average shares outstanding			16,417,276		16,417,270
	(a)	For the three months ended March 29, 2015 and March 30, 2014, as a result of a net loss for the period, dilutive earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive.

Note_9_Segmented_Information

Note 9 - Segmented Information	3 Months Ended
	Mar. 29, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	9	Segmented information
		General description
	The Company is operated and managed geographically and has production facilities in the United States, Mexico and China. Commencing in fiscal 2014, the Company changed the measure it utilizes to monitor reportable segment performance from adjusted EBITDA, (previously defined as earnings before restructuring charges, interest, taxes, depreciation, amortization and unrealized foreign exchange gains and losses on forward contracts) to each reportable segment’s site contribution (site revenues minus operating expenses, excluding unrealized foreign exchange, corporate allocations and restructuring expenses). Site contribution is utilized by the chief operating decision-maker as the indicator of reportable segment performance, as it reflects costs which our operating site management is directly responsible for. Intersegment adjustments reflect intersegment sales that are generally recorded at prices that approximate arm’s-length transactions. In assessing the performance of the reportable segments, management attributes site revenue to the reportable segment that ships the product to the customer, irrespective of the product’s destination. Information about the reportable segments is as follows:
			Three months ended
			29-Mar-15			30-Mar-14
						As Revised (See Note 2)
	Revenues
	Mexico		$	35,607		$	38,757
	China			9,342			15,530
	U.S.			6,578			12,692
	Total		$	51,527		$	66,979
	Intersegment revenue
	Mexico		$	(105	)	$	(365	)
	China			(2,664	)		(3,266	)
	U.S.			(44	)		(5,325	)
	Total		$	(2,813	)	$	(8,956	)
	Net external revenue
	Mexico		$	35,502		$	38,392
	China			6,678			12,264
	U.S.			6,534			7,367
	Total segment revenue (which also equals consolidated revenue)		$	48,714		$	58,023
	Site Contribution
	Mexico		$	2,896		$	1,473
	China			305			1,456
	U.S.			(6	)		966
	Total		$	3,195		$	3,895
	Corporate allocations			2,914			3,670
	Unrealized foreign exchange loss (gain) on derivative forward exchange contracts			318			(243	)
	Interest			310			394
	Restructuring charges			—			670
	Loss before income taxes		$	(347	)	$	(596	)
	Additions to property, plant and equipment
	The following table contains additions, including those acquired through capital leases, to property, plant and equipment for the three months ended:
			Three months ended
			March 29,			March 30,
			2015			2014
	Mexico		$	83		$	177
	China			375			-
	U.S.			6			55
	Segment total			464			232
	Corporate and other			26			20
	Total		$	490		$	252
	Property, plant and equipment (a)
			March 29,			December 28,
			2015			2014
	Mexico		$	11,945		$	12,556
	China			3,191			3,001
	U.S			1,687			1,776
	Segment total			16,823			17,333
	Corporate and other			231			257
	Total assets		$	17,054		$	17,590
		(a)	Property, plant and equipment 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 months ended March 29, 2015 and March 30, 2014:
			Three months ended
			March 29,			March 30,
			2015			2014
	U.S.		$	35,712		$	52,283
	Canada			12,447			4,375
	Europe			—			284
	China			555			1,077
	Mexico			—			4
	Total		$	48,714		$	58,023
	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 March 29, 2015, three customers exceeded 10% of total revenues, comprising 21.4%, 17.6% and 10.8%, respectively of total revenue across all geographic segments. For the three months ended March 30, 2014, three customers exceeded 10% of total revenues, comprising 36.1%, 13.6% and 10.6%.
As of March 29, 2015, the top three customers represented 17.0%, 3.9% and 17.0%, respectively (December 28, 2014, 14.2%, 12.3% and 14.4% respectively) of the Company’s trade accounts receivable.

Note_10_Derivative_Financial_I

Note 10 - Derivative Financial Instruments	3 Months Ended
	Mar. 29, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	10.     Derivative financial instruments
	The Company enters into forward foreign exchange contracts to reduce its exposure to foreign exchange currency rate fluctuations related to forecasted Canadian dollar and Mexican Peso denominated payroll, rent and utility cash flows for the nine remaining months of fiscal 2015 and first three months of fiscal 2016. These contracts are effective economic hedges but do not qualify for hedge accounting under ASC 815 “Derivatives and Hedging”. Accordingly, changes in the fair value of these derivative contracts are recognized into net loss in the consolidated statement of operations and comprehensive 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 March 29, 2015:
	Currency	Buy/Sell	Foreign Currency Amount	Notional Contract Value in USD
	Canadian Dollar	Buy	CAD $6,400	$	5,650
	Mexican Peso	Buy	MXN 309,555	$	22,536
	The unrealized loss recognized in earnings as a result of revaluing the instruments to fair value on March 29, 2015 was $318 (March 30, 2014 – $243 gain) which was included in cost of sales in the interim consolidated statement of operations and comprehensive loss. The realized loss on settled contracts was $854 (March 30, 2014 – realized gain $450), which is also included in of cost of sales. Fair value is 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”).

Note_11_Commitments

Note 11 - Commitments	3 Months Ended
	Mar. 29, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	11.     Commitments
	Purchase obligations not recorded on the balance sheet as at March 29, 2015 consist of open non-cancellable purchase orders for raw materials for $19,165 which are expected to be received within 12 months of the PO issue date. Purchase obligations not recorded on the balance sheet as at March 30, 2014 consisted of open purchase orders for raw materials for $27,424 which were expected to be received within 12 months of the PO issue date.

Note_2_Revisions_of_Previously1

Note 2 - Revisions of Previously Issued Financial Statements (Tables)	3 Months Ended
	Mar. 29, 2015
Consolidated Statements of Operations and Comprehensive Income [Member]
Note 2 - Revisions of Previously Issued Financial Statements (Tables) [Line Items]
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Impact on the Interim Consolidated	30-Mar-14			Adjustment			30-Mar-14
	Statements of Operations and Comprehensive Loss	As						As
		previously filed						adjusted
	In thousands, except per share data
	Cost of sales – depreciation (1)	$	1,128		$	(175	)	$	953
	Cost of sales – unrealized gain on derivative instruments (2)		(92	)		(151	)		(243	)
	Gross profit		4,385			326			4,711
	Operating loss		(528	)		326			(202	)
	Net loss and comprehensive loss	$	(1,105	)	$	326		$	(779	)
	Basic and diluted loss per share		(0.07	)					(0.05	)
Consolidated Statement of Changes in Shareholders' Equity [Member]
Note 2 - Revisions of Previously Issued Financial Statements (Tables) [Line Items]
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Impact on the Interim Consolidated Statement of Changes in Shareholders’ Equity	30-Mar-14			Adjustment			30-Mar-14
		As						As
	In thousands	previously filed						adjusted
	Shareholders’ equity – deficit (3)		(234,105	)		(1,392	)		(235,497	)
Consolidated Statements of Cash Flows [Member]
Note 2 - Revisions of Previously Issued Financial Statements (Tables) [Line Items]
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Impact on the Interim Consolidated Statement of Cash Flow	30-Mar-14			Adjusted			30-Mar-14
		As						As
		previously filed						adjusted
	In thousands
	Net loss	$	(1,105	)	$	326		$	(779	)
	Items not involving cash:
	Depreciation		1,128			(175	)		953
	Unrealized gain on derivative instruments		(92	)		(151	)		(243	)
	Accounts payable (4)		479			75			554
	Accrued liabilities (4)		(1,328	)		(64	)		(1,392	)
	Cash flow provided by operations		1,425			11			1,436
	Cash flow provided from financing		(736	)		—			(736	)
	Cash flow used by investing (4)		(252	)		(11	)		(263	)
	Increase (decrease) in cash		437			—			437
	Cash, beginning of period		3,295			—			3,295
	Cash, end of period	$	3,732			—		$	3,732

Note_4_Interim_Consolidated_Fi1

Note 4 - Interim Consolidated Financial Statement Details (Tables)	3 Months Ended
	Mar. 29, 2015
Disclosure Text Block Supplement [Abstract]
Condensed Balance Sheet [Table Text Block]		March 29,			December 28,
		2015			2014
	Accounts receivable	$	26,328		$	31,354
	Allowance for doubtful accounts		(268	)		(330	)
	Accounts receivable—net	$	26,060		$	31,024
		March 29,			December 28,
		2015			2014
	Raw materials	$	25,656		$	25,973
	Work in process		4,834			2,099
	Finished goods		3,533			2,743
	Parts		783			775
	Inventories	$	34,806		$	31,590
		March 29,			December 28,
		2015			2014
	Cost:
	Land	$	1,648		$	1,648
	Buildings		9,878			9,878
	Machinery and equipment (a)		31,983			31,592
	Office furniture and equipment		1,697			1,690
	Computer hardware and software (b)		6,002			5,930
	Leasehold improvements (c)		2,476			2,456
			53,684			53,194
	Less accumulated depreciation:
	Land		—			—
	Buildings		(7,394	)		(7,275	)
	Machinery and equipment (a)		(21,175	)		(20,545	)
	Office furniture and equipment		(1,547	)		(1,513	)
	Computer hardware and software (b)		(4,948	)		(4,774	)
	Leasehold improvements (c)		(1,566	)		(1,497	)
			(36,630	)		(35,604	)
	Property, plant and equipment—net	$	17,054		$	17,590
		March 29,			December 28,
		2015			2014
	Deferred financing fees	$	1,290		$	1,290
	Accumulated amortization		(1,208	)		(1,200	)
		$	82		$	90
		March 29,			December 28,
		2015			2014
	Customer related	$	2,921		$	2,074
	Payroll		3,684			4,014
	Professional services		298			395
	Vendor related		157			29
	Other		364			568
	Accrued liabilities	$	7,424		$	7,080
Condensed Income Statement [Table Text Block]		Three months ended
		March 29,			March 30,
		2015			2014
	Revolving credit facility		260			263
	Amortization of deferred financing fees		8			104
	Obligations under capital leases		42			27
	Interest expense	$	310		$	394

Note_6_Capital_Stock_Tables

Note 6 - Capital Stock (Tables)	3 Months Ended
	Mar. 29, 2015
Stockholders' Equity Note [Abstract]
Schedule of Common Stock Outstanding Roll Forward [Table Text Block]		Number			$
		of shares
	Balances at December 28, 2014 and March 29, 2015		16,417,276		$	390
	Total Common Shares		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 28, 2014		817,212		$	2.07		—		7.3
	Expired		(33,333	)	$	3.11
	Forfeited		(62,476	)	$	2.15
	Outstanding		721,403		$	2.02	$	—		7.2
	Exercisable at March 29, 2015		170,002		$	2.49	$	—		3
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]		Outstanding			Weighted		Weighted
		RSU			average		average
					stock		remaining
					price		contractual
							term (years)
	Outstanding balance at December 28, 2014		520,433		$	1.94		2.5
	RSU forfeited		(49,630	)	$	1.91
	Outstanding balance at March 29, 2015		470,803		$	1.95		2

Note_8_Earnings_Per_Common_Sha1

Note 8 - Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 29, 2015
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]		Three months ended
	(Number of common shares)	29-Mar-15		30-Mar-14
	Basic weighted average shares outstanding		16,417,276		16,417,270
	Dilutive stock options(a)		—		—
	Diluted weighted average shares outstanding		16,417,276		16,417,270

Note_9_Segmented_Information_T

Note 9 - Segmented Information (Tables)	3 Months Ended
	Mar. 29, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]		Three months ended
		29-Mar-15			30-Mar-14
					As Revised (See Note 2)
	Revenues
	Mexico	$	35,607		$	38,757
	China		9,342			15,530
	U.S.		6,578			12,692
	Total	$	51,527		$	66,979
	Intersegment revenue
	Mexico	$	(105	)	$	(365	)
	China		(2,664	)		(3,266	)
	U.S.		(44	)		(5,325	)
	Total	$	(2,813	)	$	(8,956	)
	Net external revenue
	Mexico	$	35,502		$	38,392
	China		6,678			12,264
	U.S.		6,534			7,367
	Total segment revenue (which also equals consolidated revenue)	$	48,714		$	58,023
	Site Contribution
	Mexico	$	2,896		$	1,473
	China		305			1,456
	U.S.		(6	)		966
	Total	$	3,195		$	3,895
	Corporate allocations		2,914			3,670
	Unrealized foreign exchange loss (gain) on derivative forward exchange contracts		318			(243	)
	Interest		310			394
	Restructuring charges		—			670
	Loss before income taxes	$	(347	)	$	(596	)
		Three months ended
		March 29,			March 30,
		2015			2014
	Mexico	$	83		$	177
	China		375			-
	U.S.		6			55
	Segment total		464			232
	Corporate and other		26			20
	Total	$	490		$	252
		Three months ended
		March 29,			March 30,
		2015			2014
	U.S.	$	35,712		$	52,283
	Canada		12,447			4,375
	Europe		—			284
	China		555			1,077
	Mexico		—			4
	Total	$	48,714		$	58,023
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]		March 29,			December 28,
		2015			2014
	Mexico	$	11,945		$	12,556
	China		3,191			3,001
	U.S		1,687			1,776
	Segment total		16,823			17,333
	Corporate and other		231			257
	Total assets	$	17,054		$	17,590

Note_10_Derivative_Financial_I1

Note 10 - Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 29, 2015
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 $6,400	$	5,650
	Mexican Peso	Buy	MXN 309,555	$	22,536

Note_2_Revisions_of_Previously2

Note 2 - Revisions of Previously Issued Financial Statements (Details) (USD $)	3 Months Ended			12 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014		Dec. 29, 2013
Note 2 - Revisions of Previously Issued Financial Statements (Details) [Line Items]
Impact of Restatement on Opening Retained Earnings, Net of Tax		($1,392)
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	-451	-263	[1]
Restatement Adjustment [Member] | Cost of Sales [Member] | Reduction to Amortization [Member]
Note 2 - Revisions of Previously Issued Financial Statements (Details) [Line Items]
Prior Period Reclassification Adjustment		-175
Restatement Adjustment [Member] | Cost of Sales [Member] | Revaluation of Derivative Forward Contracts [Member]
Note 2 - Revisions of Previously Issued Financial Statements (Details) [Line Items]
Prior Period Reclassification Adjustment		-151
Restatement Adjustment [Member] | Cost of Sales [Member]
Note 2 - Revisions of Previously Issued Financial Statements (Details) [Line Items]
Prior Period Reclassification Adjustment		326
Restatement Adjustment [Member] | Reduction to Amortization [Member]
Note 2 - Revisions of Previously Issued Financial Statements (Details) [Line Items]
Prior Period Reclassification Adjustment		-175
Restatement Adjustment [Member] | Understatement of Expenses [Member]
Note 2 - Revisions of Previously Issued Financial Statements (Details) [Line Items]
Prior Period Reclassification Adjustment		-1,718
Restatement Adjustment [Member]
Note 2 - Revisions of Previously Issued Financial Statements (Details) [Line Items]
Net Cash Provided by (Used in) Investing Activities, Continuing Operations		-11	[1]
Unpaid Property, Plant, and Equipment [Member]
Note 2 - Revisions of Previously Issued Financial Statements (Details) [Line Items]
Net Cash Provided by (Used in) Investing Activities, Continuing Operations		$132		$143
[1]	The net change of $11 related to purchases of property, plant and equipment that were paid in cash as at March 30, 2014. This was the result of additions from 2013 of $143 unpaid in cash as at December 29, 2013 paid in the first three months of 2014 offset by the additions for the first three months of 2014 unpaid in cash of $132.

Note_2_Revisions_of_Previously3

Note 2 - Revisions of Previously Issued Financial Statements (Details) - Impact on the Interim Consolidated Statements of Operations and Comprehensive Loss (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014
Cost of sales	$45,086	$53,312
Gross profit	3,628	4,711
Operating loss	-37	-202
Net loss and comprehensive loss	-424	-779	[1]
Basic and diluted loss per share (in Dollars per share)		($0.05)
Scenario, Previously Reported [Member] | Reduction to Amortization [Member]
Cost of sales		1,128	[2]
Scenario, Previously Reported [Member] | Revaluation of Derivative Forward Contracts [Member]
Cost of sales		-92	[3]
Scenario, Previously Reported [Member]
Gross profit		4,385
Operating loss		-528
Net loss and comprehensive loss		-1,105
Basic and diluted loss per share (in Dollars per share)		($0.07)
Restatement Adjustment [Member] | Reduction to Amortization [Member]
Cost of sales		-175	[2]
Restatement Adjustment [Member] | Revaluation of Derivative Forward Contracts [Member]
Cost of sales		-151	[3]
Restatement Adjustment [Member]
Gross profit		326
Operating loss		326
Net loss and comprehensive loss		326
Reduction to Amortization [Member]
Cost of sales		953	[2]
Revaluation of Derivative Forward Contracts [Member]
Cost of sales		($243)	[3]
[1]	Revised net loss and deficit to adjust for prior period errors. Refer to Note 2 for further details.
[2]	Cost of sales has been reduced by $175 for the three months ended March 30, 2014 on the interim consolidated statement of operations and comprehensive loss related to a reduction to amortization of $175 due to an error.
[3]	Cost of sales has also been reduced by $151 for the three months ended March 30, 2014 related to the revaluation of the outstanding derivative forward contracts.

Note_2_Revisions_of_Previously4

Note 2 - Revisions of Previously Issued Financial Statements (Details) - Impact on the Interim Consolidated Statement of Changes in Shareholders’ Equity (USD $)	Mar. 29, 2015	Dec. 28, 2014	Mar. 30, 2014
In Thousands, unless otherwise specified
Shareholders’ equity – deficit (3)	($239,020)	($238,596)	($235,497)	[1]
Scenario, Previously Reported [Member]
Shareholders’ equity – deficit (3)			-234,105	[1]
Restatement Adjustment [Member]
Shareholders’ equity – deficit (3)			($1,392)	[1]
[1]	The total net change of ($1,392) to the deficit was the result of the opening, fiscal 2014 understatement of expenses of ($1,718) related to the prior period errors. This was offset by the reductions to cost of sales of $326 for the three months ended March 30, 2014 as described above.

Note_2_Revisions_of_Previously5

Note 2 - Revisions of Previously Issued Financial Statements (Details) - Impact on the Interim Consolidated Statement of Cash Flow (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014
Net loss	($424)	($779)	[1]
Depreciation	1,026	953
Unrealized gain on derivative instruments	318	-243
Accounts payable (4)	-1,286	554	[2]
Accrued liabilities (4)	355	-1,392	[2]
Cash flow provided by operations	1,772	1,436
Cash flow provided from financing	-1,596	-736
Cash flow used by investing (4)	-451	-263	[2]
Increase (decrease) in cash	-275	437
Cash, beginning of period	5,447	3,295
Cash, end of period	5,172	3,732
Scenario, Previously Reported [Member]
Net loss		-1,105
Depreciation		1,128
Unrealized gain on derivative instruments		-92
Accounts payable (4)		479	[2]
Accrued liabilities (4)		-1,328	[2]
Cash flow provided by operations		1,425
Cash flow provided from financing		-736
Cash flow used by investing (4)		-252	[2]
Increase (decrease) in cash		437
Cash, beginning of period		3,295
Cash, end of period		3,732
Restatement Adjustment [Member]
Net loss		326
Depreciation		-175
Unrealized gain on derivative instruments		-151
Accounts payable (4)		75	[2]
Accrued liabilities (4)		-64	[2]
Cash flow provided by operations		11
Cash flow used by investing (4)		($11)	[2]
[1]	Revised net loss and deficit to adjust for prior period errors. Refer to Note 2 for further details.
[2]	The net change of $11 related to purchases of property, plant and equipment that were paid in cash as at March 30, 2014. This was the result of additions from 2013 of $143 unpaid in cash as at December 29, 2013 paid in the first three months of 2014 offset by the additions for the first three months of 2014 unpaid in cash of $132.

Note_4_Interim_Consolidated_Fi2

Note 4 - Interim Consolidated Financial Statement Details (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014	Dec. 28, 2014
Note 4 - Interim Consolidated Financial Statement Details (Details) [Line Items]
Inventory Write-down	$573		$475
Depreciation	1,026	953
Machinery and Equipment [Member] | Assets Under Capital Lease [Member]
Note 4 - Interim Consolidated Financial Statement Details (Details) [Line Items]
Depreciation	124	171
Machinery and Equipment [Member]
Note 4 - Interim Consolidated Financial Statement Details (Details) [Line Items]
Capital Leased Assets, Gross	3,153		3,495
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	875		916
Computer Equipment [Member] | Assets Under Capital Lease [Member]
Note 4 - Interim Consolidated Financial Statement Details (Details) [Line Items]
Depreciation	19	40
Computer Equipment [Member]
Note 4 - Interim Consolidated Financial Statement Details (Details) [Line Items]
Capital Leased Assets, Gross	359		498
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	297		417
Leasehold Improvements [Member] | Assets Under Capital Lease [Member]
Note 4 - Interim Consolidated Financial Statement Details (Details) [Line Items]
Depreciation	2	4
Leasehold Improvements [Member]
Note 4 - Interim Consolidated Financial Statement Details (Details) [Line Items]
Capital Leased Assets, Gross			73
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation			$42

Note_4_Interim_Consolidated_Fi3

Note 4 - Interim Consolidated Financial Statement Details (Details) - Consolidated Balance Sheets (USD $)	Mar. 29, 2015		Dec. 28, 2014
In Thousands, unless otherwise specified
Condensed Balance Sheet Statements, Captions [Line Items]
Accounts receivable	$26,328		$31,354
Allowance for doubtful accounts	-268		-330
Accounts receivable—net	26,060		31,024
Raw materials	25,656		25,973
Work in process	4,834		2,099
Finished goods	3,533		2,743
Parts	783		775
Inventories	34,806		31,590
Cost:
Property, plant and equipment	53,684		53,194
Less accumulated depreciation:
Accumulated depreciation, Property, plant and equipment	-36,630		-35,604
Property, plant and equipment—net	17,054		17,590
Deferred financing fees	1,290		1,290
Accumulated amortization	-1,208		-1,200
	82		90
Accrued liabilities	7,424		7,080
Payroll	3,684		4,014
Professional services	298		395
Land [Member]
Cost:
Property, plant and equipment	1,648		1,648
Building [Member]
Cost:
Property, plant and equipment	9,878		9,878
Less accumulated depreciation:
Accumulated depreciation, Property, plant and equipment	-7,394		-7,275
Machinery and Equipment [Member]
Cost:
Property, plant and equipment	31,983	[1]	31,592	[1]
Less accumulated depreciation:
Accumulated depreciation, Property, plant and equipment	-21,175	[1]	-20,545	[1]
Furniture and Fixtures [Member]
Cost:
Property, plant and equipment	1,697		1,690
Less accumulated depreciation:
Accumulated depreciation, Property, plant and equipment	-1,547		-1,513
Computer Equipment [Member]
Cost:
Property, plant and equipment	6,002	[2]	5,930	[2]
Less accumulated depreciation:
Accumulated depreciation, Property, plant and equipment	-4,948	[2]	-4,774	[2]
Leasehold Improvements [Member]
Cost:
Property, plant and equipment	2,476	[3]	2,456	[3]
Less accumulated depreciation:
Accumulated depreciation, Property, plant and equipment	-1,566	[3]	-1,497	[3]
Customer Related [Member]
Less accumulated depreciation:
Other accrued liabilities	2,921		2,074
Vendor Related [Member]
Less accumulated depreciation:
Other accrued liabilities	157		29
Other accrued liabilites [Member]
Less accumulated depreciation:
Other accrued liabilities	$364		$568
[1]	Included within machinery and equipment were assets under capital leases with costs of $3,153 and $3,495 and associated accumulated depreciation of $875 and $916 as of March 29, 2015 and December 28, 2014, respectively. The related depreciation expense for the three months ended March 29, 2015 and March 30, 2014 were $124 and $171, respectively.
[2]	Included within computer hardware and software were assets under capital leases with costs of $359 and $498 and associated accumulated depreciation of $297 and $417 as at March 29, 2015 and December 28, 2014, respectively. The related depreciation expense for the three months ended March 29, 2015 and March 30, 2014 were $19 and $40, respectively.
[3]	Included within leasehold improvements were assets under capital leases with costs of Nil and $73 and associated accumulated depreciation of Nil and $42 as of March 29, 2015 and December 28, 2014, respectively. The related depreciation expense was $2 and $4 for the three months ended March 29, 2015 and March 30, 2014, respectively.

Note_4_Interim_Consolidated_Fi4

Note 4 - Interim Consolidated Financial Statement Details (Details) - Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014
Consolidated Statements of Operations and Comprehensive Income (Loss) [Abstract]
Revolving credit facility	$260	$263
Amortization of deferred financing fees	8	104
Obligations under capital leases	42	27
Interest expense	$310	$394

Note_5_Debt_Details

Note 5 - Debt (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014	Dec. 28, 2014
Depending on Fixed Charge Coverage Ratio [Member] | Canada, Dollars | Base Rate [Member] | PNC Facility [Member]
Note 5 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%
United States of America, Dollars | Base Rate [Member] | PNC Facility [Member]
Note 5 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%
PNC Bank [Member] | Weighted Average [Member] | Revolving Credit Facility [Member]
Note 5 - Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	4.50%	4.00%
PNC Bank [Member] | Revolving Credit Facility [Member]
Note 5 - Debt (Details) [Line Items]
Long-term Line of Credit (in Dollars)	20,131		$21,370
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	40,000

Note_6_Capital_Stock_Details

Note 6 - Capital Stock (Details) (USD $)	3 Months Ended	12 Months Ended	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 29, 2015	Dec. 28, 2014	Mar. 30, 2014
Note 6 - Capital Stock (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)	0
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	$33	$26
Restricted Stock Units (RSUs) [Member]
Note 6 - Capital Stock (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	0
Allocated Share-based Compensation Expense	$57		$17

Note_6_Capital_Stock_Details_C

Note 6 - Capital Stock (Details) - Common Shares Issued and Outstanding (USD $)	Mar. 29, 2015
In Thousands, except Share data, unless otherwise specified
Common Shares Issued and Outstanding [Abstract]
Balances at December 28, 2014 and March 29, 2015	16,417,276
Balances at December 28, 2014 and March 29, 2015	$390
Total Common Shares	16,417,276
Total Common Shares	$390

Note_6_Capital_Stock_Details_S

Note 6 - Capital Stock (Details) - Stock Option Activity (USD $)	0 Months Ended	3 Months Ended
	Dec. 28, 2014	Mar. 29, 2015	Dec. 28, 2014
Stock Option Activity [Abstract]
Outstanding, number		721,403	817,212
Outstanding, weighted average exercise price		$2.02	$2.07
Outstanding, weighted average remaining contractual term (years)	7 years 109 days	7 years 73 days
Exercisable at March 29, 2015		170,002
Exercisable at March 29, 2015		$2.49
Exercisable at March 29, 2015		3 years
Expired		-33,333
Expired		$3.11
Forfeited		-62,476
Forfeited		$2.15

Note_6_Capital_Stock_Details_R

Note 6 - Capital Stock (Details) - Restricted Stock Units Activity (Restricted Stock Units (RSUs) [Member], USD $)	3 Months Ended	12 Months Ended
	Mar. 29, 2015	Dec. 28, 2014
Restricted Stock Units (RSUs) [Member]
Note 6 - Capital Stock (Details) - Restricted Stock Units Activity [Line Items]
Outstanding RSU	470,803	520,433
Weighted average stock price	$1.95	$1.94
Weighted average remaining contractual term (years)	2 years	2 years 6 months
RSU forfeited	-49,630
RSU forfeited	$1.91

Note_7_Income_Taxes_Details

Note 7 - Income Taxes (Details) (USD $)	3 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Dec. 28, 2014	Dec. 30, 2012	Jan. 01, 2012
Note 7 - Income Taxes (Details) [Line Items]
Income Tax Expense (Benefit)	$77,000	$183,000
Deferred Tax Assets, Valuation Allowance			$0	$0	$0
Earliest Tax Year [Member]
Note 7 - Income Taxes (Details) [Line Items]
Open Tax Year	2010
Latest Tax Year [Member]
Note 7 - Income Taxes (Details) [Line Items]
Open Tax Year	2014

Note_8_Earnings_Per_Common_Sha2

Note 8 - Earnings Per Common Share (Details) - Common Shares Outstanding for Basic and Diluted Earnings Per Share	3 Months Ended
	Mar. 29, 2015		Mar. 30, 2014
Common Shares Outstanding for Basic and Diluted Earnings Per Share [Abstract]
Basic weighted average shares outstanding	16,417,276		16,417,270
Dilutive stock options(a)		[1]		[1]
Diluted weighted average shares outstanding	16,417,276		16,417,270
[1]	For the three months ended March 29, 2015 and March 30, 2014, as a result of a net loss for the period, dilutive earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive.

Note_9_Segmented_Information_D

Note 9 - Segmented Information (Details) (Customer Concentration Risk [Member])	3 Months Ended		12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Dec. 28, 2014
Major Customer 1 [Member] | Sales Revenue, Net [Member]
Note 9 - Segmented Information (Details) [Line Items]
Concentration Risk, Percentage	21.40%	36.10%
Major Customer 1 [Member] | Accounts Receivable [Member]
Note 9 - Segmented Information (Details) [Line Items]
Concentration Risk, Percentage	17.00%		14.20%
Major Customer 2 [Member] | Sales Revenue, Net [Member]
Note 9 - Segmented Information (Details) [Line Items]
Concentration Risk, Percentage	17.60%	13.60%
Major Customer 2 [Member] | Accounts Receivable [Member]
Note 9 - Segmented Information (Details) [Line Items]
Concentration Risk, Percentage	3.90%		12.30%
Major Customer 3 [Member] | Sales Revenue, Net [Member]
Note 9 - Segmented Information (Details) [Line Items]
Concentration Risk, Percentage	10.80%	10.60%
Major Customer 3 [Member] | Accounts Receivable [Member]
Note 9 - Segmented Information (Details) [Line Items]
Concentration Risk, Percentage	17.00%		14.40%
Sales Revenue, Net [Member]
Note 9 - Segmented Information (Details) [Line Items]
Number of Major Customers	3	3
Accounts Receivable [Member]
Note 9 - Segmented Information (Details) [Line Items]
Number of Major Customers	3		3

Note_9_Segmented_Information_D1

Note 9 - Segmented Information (Details) - Segment Reporting Information, by Segment (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014
Revenues
Revenues	$48,714	$58,023
Site Contribution
Site Contribution	3,628	4,711
Corporate allocations	2,914	3,670
Unrealized foreign exchange loss (gain) on derivative forward exchange contracts	318	-243
Interest	310	394
Restructuring charges		670
Loss before income taxes	-347	-596
Additions and Disposals to PP&E	490	252
Reportable Geographical Components [Member] | MEXICO
Revenues
Revenues	35,607	38,757
Site Contribution
Site Contribution	2,896	1,473
Additions and Disposals to PP&E	83	177
Reportable Geographical Components [Member] | Asia [Member]
Revenues
Revenues	9,342	15,530
Site Contribution
Site Contribution	305	1,456
Additions and Disposals to PP&E	375
Reportable Geographical Components [Member] | UNITED STATES
Revenues
Revenues	6,578	12,692
Site Contribution
Site Contribution	-6	966
Additions and Disposals to PP&E	6	55
Reportable Geographical Components [Member]
Revenues
Revenues	51,527	66,979
Site Contribution
Site Contribution	3,195	3,895
Additions and Disposals to PP&E	464	232
Geography Eliminations [Member] | MEXICO
Revenues
Revenues	-105	-365
Geography Eliminations [Member] | Asia [Member]
Revenues
Revenues	-2,664	-3,266
Geography Eliminations [Member] | UNITED STATES
Revenues
Revenues	-44	-5,325
Geography Eliminations [Member]
Revenues
Revenues	-2,813	-8,956
Corporate, Non-Segment [Member]
Site Contribution
Additions and Disposals to PP&E	26	20
Product Shipment Destination [Member] | MEXICO
Revenues
Revenues		4
Product Shipment Destination [Member] | Asia [Member]
Revenues
Revenues	555	1,077
Product Shipment Destination [Member] | UNITED STATES
Revenues
Revenues	35,712	52,283
Product Shipment Destination [Member] | CANADA
Revenues
Revenues	12,447	4,375
Product Shipment Destination [Member] | Europe [Member]
Revenues
Revenues		284
MEXICO
Revenues
Revenues	35,502	38,392
Asia [Member]
Revenues
Revenues	6,678	12,264
UNITED STATES
Revenues
Revenues	$6,534	$7,367

Note_9_Segmented_Information_D2

Note 9 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas (USD $)	Mar. 29, 2015	Dec. 28, 2014
In Thousands, unless otherwise specified
Note 9 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas [Line Items]
Long-lived assets	$17,054	$17,590
Reportable Geographical Components [Member] | MEXICO
Note 9 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas [Line Items]
Long-lived assets	11,945	12,556
Reportable Geographical Components [Member] | Asia [Member]
Note 9 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas [Line Items]
Long-lived assets	3,191	3,001
Reportable Geographical Components [Member] | UNITED STATES
Note 9 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas [Line Items]
Long-lived assets	1,687	1,776
Reportable Geographical Components [Member]
Note 9 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas [Line Items]
Long-lived assets	16,823	17,333
Corporate, Non-Segment [Member]
Note 9 - Segmented Information (Details) - Long-lived Assets in Individual Geographic Areas [Line Items]
Long-lived assets	$231	$257

Note_10_Derivative_Financial_I2

Note 10 - Derivative Financial Instruments (Details) (Cost of Sales [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014
Cost of Sales [Member]
Note 10 - Derivative Financial Instruments (Details) [Line Items]
Unrealized Gain (Loss) on Derivatives	($318)	$243
Gain (Loss) on Sale of Derivatives	($854)	$450

Note_10_Derivative_Financial_I3

Note 10 - Derivative Financial Instruments (Details) - Outstanding Foreign Currency Forward Contracts (Foreign Exchange Forward [Member], USD $)	3 Months Ended
	Mar. 29, 2015
Canada, Dollars
Derivative [Line Items]
Derivative Activity	Buy
Foreign Currency Amount	$6,400
Notional Contract Value	5,650,000
Mexico, Pesos
Derivative [Line Items]
Derivative Activity	Buy
Foreign Currency Amount	309,555
Notional Contract Value	$22,536,000

Note_11_Commitments_Details

Note 11 - Commitments (Details) (Open Non-cancellable Purchase Orders for Raw Materials [Member], USD $)	Mar. 29, 2015	Mar. 30, 2014
Open Non-cancellable Purchase Orders for Raw Materials [Member]
Note 11 - Commitments (Details) [Line Items]
Purchase Obligation, Due in Next Twelve Months	$19,165	$27,424