SMTC (SMTX) 10-Q 7 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 29, 2020	May 07, 2020
Document Information [Line Items]
Entity Registrant Name	SMTC CORP
Entity Central Index Key	0001108320
Trading Symbol	smtx
Current Fiscal Year End Date	--12-27
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		28,214,800
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 29, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common stock

Interim Consolidated Balance Sh

Interim Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019
Current assets:
Cash	$ 1,354	$ 1,368
Accounts receivable — net (note 3)	70,613	69,919
Unbilled contract assets (note 3)	28,779	26,271
Inventories (note 3)	43,321	47,826
Prepaid expenses and other assets	6,393	7,044
Income taxes receivable	160
Total current assets	150,620	152,428
Property, plant and equipment — net (note 3)	24,410	25,310
Operating lease right of use assets — net (note 3)	6,588	3,330
Goodwill (note 3)	18,165	18,165
Intangible assets — net (note 3)	11,229	12,747
Deferred income taxes — net	525	540
Deferred financing costs — net	804	859
Total assets	212,341	213,379
Current liabilities:
Revolving credit facility (note 4)	33,340	34,701
Accounts payable	67,736	74,126
Accrued liabilities (note 3)	14,702	11,164
Warrant liability (note 4)	1,213	1,730
Restructuring liability (note 11)	887	1,597
Derivative liabilities (note 9)	512
Income taxes payable	276	157
Current portion of long-term debt (note 4)	1,562	1,250
Current portion of operating lease obligations	1,566	1,128
Current portion of finance lease obligations	1,166	1,226
Total current liabilities	122,960	127,079
Long-term debt (note 4)	33,365	33,750
Operating lease obligations	5,446	2,615
Finance lease obligations	8,536	8,838
Total liabilities	170,307	172,282
Shareholders’ equity:
Capital stock (note 5)	508	508
Additional paid-in capital	293,551	293,389
Deficit	(252,025)	(252,800)
Stockholders' Equity Attributable to Parent, Ending Balance	42,034	41,097
Total liabilities and shareholders’ equity	$ 212,341	$ 213,379

Interim Consolidated Statements

Interim Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Revenue (note 3)	$ 95,138	$ 102,649
Cost of sales (note 9)	85,499	94,025
Gross profit	9,639	8,624
Selling, general and administrative expenses	7,219	6,799
Change in fair value of contingent consideration		(3,050)
Restructuring charges (recovery) (notes 3 and 10)	(221)	624
Operating income	2,641	4,251
Change in fair value of warrant liability (note 4)	(517)	(101)
Interest expense (note 3)	2,093	2,870
Net income before income taxes	1,065	1,482
Income tax expense (recovery) (note 6):
Current	275	279
Deferred	15	(8)
Total income tax expense (recovery)	290	271
Net income and comprehensive income	$ 775	$ 1,211
Net income 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 7):
Basic (in shares)	28,195,300	23,248,918
Diluted (in shares)	29,228,403	24,465,435

Interim Consolidated Statemen_2

Interim Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 30, 2018	23,189,381
Balance at Dec. 30, 2018	$ 458	$ 278,648	$ (246,805)	$ 32,301
Stock-based compensation		88		88
Net income			1,211	1,211
RSU vested and issued in common shares (in shares)	164,177
RSU vested and issued in common shares	$ 2	(2)
Balance (in shares) at Mar. 31, 2019	23,350,558
Balance at Mar. 31, 2019	$ 460	278,734	(245,594)	33,600
Balance (in shares) at Dec. 29, 2019	28,195,300
Balance at Dec. 29, 2019	$ 508	293,389	(252,800)	41,097
Stock-based compensation		162		162
Net income			775	775
Balance (in shares) at Mar. 29, 2020	28,195,300
Balance at Mar. 29, 2020	$ 508	$ 293,551	$ (252,025)	$ 42,034

Interim Consolidated Statemen_3

Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Operations:
Net income	$ 775	$ 1,211
Items not involving cash:
Depreciation of property, plant and equipment	1,603	1,627
Amortization of intangible assets	1,518	1,844
Unrealized foreign exchange loss on unsettled forward exchange contracts	512
Deferred income taxes (recovery)	15	(8)
Amortization of deferred financing fees	294	271
Stock-based compensation	162	88
Change in fair value of warrant liability (note 4)	(517)	(101)
Change in fair value of contingent consideration		(3,050)
Change in non-cash operating working capital:
Accounts receivable	(694)	(1,194)
Unbilled contract assets	(2,508)	(3,803)
Inventories	4,505	4,543
Prepaid expenses and other assets	651	(1,067)
Income taxes receivable/payable	(41)	29
Accounts payable	(6,196)	1,970
Accrued liabilities	3,475	242
Restructuring liability	(644)	244
Net change in operating lease right of use asset and liability	11
Net cash provided by (used in) in operating activities	2,921	2,846
Financing:
Repayments of revolving credit facility	(1,361)	(1,384)
Repayment of long-term debt	(312)	(313)
Principal repayments of finance lease obligations	(362)	(417)
Net cash provided by (used in) financing activities	(2,035)	(2,114)
Investing:
Purchase of property, plant and equipment	(900)	(737)
Net cash provided by (used in) investing activities	(900)	(737)
Decrease in cash	(14)	(5)
Cash, beginning of period	1,368	1,601
Cash, end of the period	1,354	1,596
Supplemental Information
Cash interest paid	2,576	2,599
Increase in operating right of use assets	3,634	5,452
Property, plant and equipment acquired that was unpaid in cash and included in accounts payable and accrued liabilities	$ 35	$ 330

Note 1 - Nature of the Business

Note 1 - Nature of the Business	3 Months Ended
	Mar. 29, 2020
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1. Nature of the business SMTC Corporation (the “Company,” “we,” “our,” or “SMTC”) is a provider of end-to-end electronics manufacturing services (“EMS”), including product design and engineering services, printed circuit board assembly (“PCBA”), production, enclosure, cable assembly, precision metal fabrication, systems integration and comprehensive testing services, configuration to order (“CTO”), build to order (“BTO”) and direct order fulfillment (“DOF”). SMTC has more than 50 Our business operations have generally performed during the first 2020 2019 19” first not 19 not 19 may 19 March 29, 2020, $31,185 December 29, 2019 - $21,644 19 19 second 2020 19 During the fourth 2019 first 2020 2019 2018, 2020 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 December 29, 2019, ( 10 March 13, 2020. 10 December 29, 2019 not Unless otherwise specified or the context requires otherwise, all statements in these notes to the interim consolidated financial statements regarding financial figures are expressed in thousands of U.S. dollars.

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements Adopted	3 Months Ended
	Mar. 29, 2020
Notes to Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	2 . Recent Accounting Pronouncements Adopted In August 2018, 2018 13: 820 820. December 15, 2019. In March 2020, 2020 04: 848 March 12, 2020, December 31, 2022. may March 12, 2020, March 12, 2020, not Recent Accounting Pronouncements Not In May 2016, 2016 13: 326 326 April 2019, 2019 04 326, May 2019, 2019 05 326 November 2019, 2019 11 326, November 2019, 2019 10 326 December 15, 2022 may In January 2017, 2017 04: 350 350 not zero 2 zero December 15, 2022. may In December 2019, 2019 12: 740 not 740 December 15, 2020. not

Note 3 - Interim Consolidated F

Note 3 - Interim Consolidated Financial Statement Details	3 Months Ended
	Mar. 29, 2020
Notes to Financial Statements
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. Consolidated Balance Sheets Accounts receivable – net: March 29 , 20 20 December 29 , 201 9 Trade accounts receivable $ 71,744 $ 71,113 Other receivables 1,271 1,098 Allowance for doubtful accounts (2,402 ) (2,292 ) Total $ 70,613 $ 69,919 The allowance for doubtful accounts pertains primarily to one 2019. 10 no 19 Unbilled contract assets March 29 , 20 20 December 29 , 201 9 Opening $ 26,271 $ 20,405 Contract assets additions 87,327 350,709 Contract assets invoiced (84,819 ) (344,843 ) Ending $ 28,779 $ 26,271 Inventories: March 29 , 20 20 December 29 , 201 9 Raw materials $ 43,504 $ 48,067 Parts and other 633 586 Provision for obsolescence (816 ) (827 ) Total $ 43,321 $ 47,826 The provision for obsolescence primarily pertains to customers previously serviced out of the Dongguan facility. These have been provisioned and included with the restructuring charges for the closure of the facility in 2019. 10 Property, plant and equipment – net: March 29 , 20 20 December 29 , 201 9 Cost: Land $ 1,648 $ 1,648 Buildings (b) 18,985 18,985 Machinery and equipment (a) (e) 42,714 42,732 Office furniture and equipment (c) (e) 807 1,005 Computer hardware and software (d) (e) 3,630 3,979 Leasehold improvements (e) 4,096 4,265 71,880 72,614 Less accumulated depreciation: Land — — Buildings (b) (10,668 ) (10,392 ) Machinery and equipment (a) (e) (31,616 ) (31,192 ) Office furniture and equipment (c) (e) (364 ) (546 ) Computer hardware and software (d) (e) (2,987 ) (3,289 ) Leasehold improvements (e) (1,835 ) (1,885 ) (47,470 ) (47,304 ) Property, plant and equipment—net $ 24,410 $ 25,310 (a) Included within machinery and equipment were assets under finance leases with costs of $2,275 $2,275 $1,084 $974 March 29, 2020 December 29, 2019, three March 29, 2020 December 29, 2019 $113 $565, (b) Included within buildings are costs associated with Melbourne facility under finance lease of $ 9,082 $1,102 $900 March 29, 2020 December 29, 2019, three March 29, 2020 December 29, 2019 $202 $804, (c) Included within office furniture and equipment were assets under finance leases with costs of $ 307 $69 $52 March 29, 2020 December 29, 2019, three March 29, 2020 December 29, 2019 $17 $46, (d) Included within computer hardware and software were assets under finance leases with costs of $ 91 $58 $51 March 29, 2020 December 29, 2019, three March 29, 2020 December 29, 2019 $7 $31, (e) Fully depreciated machinery and equipment with cost of $636 $636 $209 $209 $410 $410 $3 $184 $181. not Intangible assets: March 29 , 20 20 December 29 , 201 9 Cost: Customer relationships $ 12,350 $ 12,350 Order backlog 6,990 6,990 Trade name 1,300 1,300 Non-compete agreements 360 360 21,000 21,000 Less accumulated amortization: Customer relationships (1,722 ) (1,414 ) Order backlog (6,498 ) (5,333 ) Trade name (1,300 ) (1,300 ) Non-compete agreements (251 ) (206 ) (9,771 ) (8,253 ) Intangible assets—net $ 11,229 $ 12,747 These intangible assets arose from the acquisition of MC Assembly Holdings Inc. (“MC Assembly”) in November 2018 March 29, 2020 December 29 , 2019 U.S. $ 3,369 $ 3,824 Mexico 7,860 8,923 Total $ 11,229 $ 12,747 Amortization expense of $1,518 three March 29, 2020, $1,844 three March 31, 2019. five 2020 $ 3,046 2021 1,235 2022 1,235 2023 1,235 2024 1,235 2025 and thereafter 4,761 Total amortization $ 12,747 Goodwill: The carrying value of goodwill as at March 29, 2020 $18,165 December 29, 2019 – $18,165 November 2018 not March 29, 2020 December 29, 2019 U.S. $ 5,449 $ 5,449 Mexico 12,716 12,716 Total $ 18,165 $ 18,165 The carrying value of goodwill is assessed annually at year-end and at each reporting period for impairment triggers to determine whether there exists any indicators of impairment. The assessment is done at the operating segment level as the group of components (production facilities) within each operating segment all have similar economic characteristics. Our business operations have performed during the first 2020 19 not March 29, 2020. Accrued liabilities: March 29 , 20 20 December 29 , 201 9 Payroll $ 6,346 $ 5,504 Customer related 3,910 2,185 Vendor related 2,495 1,742 Professional services 791 612 Interest 454 860 Other 706 261 Total $ 14,702 $ 11,164 Consolidated Statements of Opera tions and Comprehensive Income Interest expense: Three months ended March 29 , 20 20 March 31 , 201 9 Long-term debt $ 1,048 $ 1,752 Revolving credit facility 552 619 Amortization of deferred financing fees 55 34 Amortization of debt issuance costs 239 237 Obligations under finance leases 192 228 Other interest 7 — Total $ 2,093 $ 2,870

Note 4 - Debt

Note 4 - Debt	3 Months Ended
	Mar. 29, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	4 . Deb t (a) Revolving credit and long-term debt facilities March 29, 2020 December 29, 2019 Revolving credit facility $ 33,340 $ 34,701 Term loans: Term loan A facility $ 38,438 $ 38,750 Less deferred debt issue costs (2,140 ) (2,286 ) Less unamortized discount on debt (1,371 ) (1,464 ) Total term loans $ 34,927 $ 35,000 Less current portion (1,562 ) (1,250 ) Long term portion $ 33,365 $ 33,750 The Company borrows money under an Amended and Restated Revolving Credit and Security Agreement with PNC Bank, National Association (“PNC”) which governs the Company’s revolving credit facility (“PNC Facility”). The PNC Facility has a term ending on November 8, 2023. 0.50% 1.00% 1, 2 3 1.50% 2.00%. The Company also borrows money under a Financing Agreement (the “Financing Agreement”), by and among the Company and certain of its subsidiaries, the lenders party to the Financing Agreement from time to time (collectively, the “Lenders”), and TCW Asset Management Company, LLC, as collateral agent for the Lenders (“TCW”). The Financing Agreement governs a term loan A facility (the “Term A Loan Facility” and together with the PNC Facility, the “Credit Facilities” and previously governed a term loan B facility (the “Term Loan B Facility”) until it was paid in full on July 3, 2019. November 8, 2023 ( 8.75% June 30, 2020, 7.25% 8.75%. 3.00% November 8, 2019, ( 2.00% November 8, 2019 November 8, 2020, 1.00% November 8, 2020 November 8, 2021. No November 8, 2021. As at March 29, 2020, $31,185 December 29, 2019 - $21,644 $65,000. At March 29, 2020, $33,340 December 29, 2019 - $34,701 At March 29, 2020, $38,438 December 29, 2019 - $38,750 $2,140 December 29, 2019 - $2,286 $1,371 December 29, 2019 - $1,464 The Credit Facilities are joint and several obligations of the Company and its subsidiaries that are borrowers under the Credit Facilities and are jointly and severally guaranteed by other subsidiaries of the Company. Repayment under the PNC Facility and Term A Loan Facility are collateralized by the assets of the Company and each of its subsidiaries. (b) Covenants The Credit Facilities contain certain financial and non-financial covenants, including restrictions on dividend payments. The financial covenants require the Company to maintain a fixed charge coverage ratio and a total leverage ratio quarterly during the term of the Credit Facilities. The Company was in compliance with the covenants included in the Credit Facilities as at March 29, 2020. no 19% 25% six second third 2020, twelve Market conditions, including the implications of the COVID- 19 may not The Company continues to monitor operations and results closely and manage debt levels relative to our operational results to ensure compliance with its lenders covenants. (c ) Warrant liability On November 8, 2018, 504,735 March 29, 2020. June 2019, 7,214 511,949 March 29, 2020. $0.01. $1,898. $2.37 $1,213 March 29, 2020 ( $3.38 $1,730 December 29, 2019).

Note 5 - Capital Stock

Note 5 - Capital Stock	3 Months Ended
	Mar. 29, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	5 . 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 $ Balance at December 29, 2019 and March 29, 2020 28,195,300 $ 508 Stock Options For more detailed information regarding the Company’s stock option arrangements, see Note 7 10 December 29, 2019. three March 29, 2020, no three March 29, 2020 Number of options Weighted Aggregate Weighted Outstanding at December 29, 2019 2,344,374 $ 2.14 2,016 7.9 Options granted — — — — Options exercised — — — — Options forfeited — — — — Outstanding at March 29, 2020 2,344,374 2.14 897 7.7 Exercisable at March 29, 2020 1,088,140 1.55 897 7.0 During the three March 29, 2020 March 31, 2019, $57 $22, Certain stock options outstanding have market conditions such that the awards are vested and exercisable only if the Company’s stock exceeds specified targets during the vesting period. If the market conditions are not not Restricted Stock Units and Restricted Stock Awards For more detailed information regarding the Company’s Restricted Stock Units (“RSU”) and Restricted Stock Awards (“RSA”) arrangements, see Note 7 10 December 29, 2019. three March 29, 2020, 28,000 three March 29, 2020 Outstanding Weighted Weighted Outstanding balance at December 29, 2019 348,000 $ 3.16 2.23 RSU granted 28,000 2.27 RSU vested and issued in common shares — — RSU forfeited — — Outstanding balance at March 29, 2020 376,000 3.09 2.37 Certain RSUs outstanding have a market condition such that the awards are vested and issuable only if the market price of the Company’s stock meets or exceeds a specified target during the vesting period. If the market condition is not not Stock based compensation recognized during the three March 29, 2020, March 31, 2019, $105 $66,

Note 6 - Income Taxes

Note 6 - Income Taxes	3 Months Ended
	Mar. 29, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	6 . Income taxes During the three March 29, 2020 March 31, 2019, $275 $279, $15 $8, In assessing the realization of deferred tax assets, management considers whether it is more likely than not not 740, 740” not On March 27, 2020, 163 three March 29, 2020, $56,

Note 7 - Earnings Per Common Sh

Note 7 - Earnings Per Common Share	3 Months Ended
	Mar. 29, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	7 . 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) March 29 , 20 20 March 31 , 201 9 Basic weighted average shares outstanding 28,195,300 23,248,918 Dilutive stock awards (a) 1,033,103 1,216,517 Diluted weighted average shares outstanding 29,228,403 24,465,435 (a) For the three March 29, 2020 March 31, 2019, 1,053,103 1,216,517 three March 29, 2020 March 31, 2019

Note 8 - Segmented Information

Note 8 - Segmented Information	3 Months Ended
	Mar. 29, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	8 . Segmented information General description During the three March 29, 2020, three March 29, 2020, 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 March 29 , 20 20 March 31 , 201 9 Revenue Mexico $ 63,364 $ 65,760 China 4,206 8,656 U.S. 33,382 29,811 Total $ 100,952 $ 104,227 Intersegment revenue Mexico $ (2,422 ) $ (34 ) China (3,303 ) (1,427 ) U.S. (89 ) (117 ) Total $ (5,814 ) $ (1,578 ) Net external revenue Mexico $ 60,942 $ 65,726 China 903 7,229 U.S. 33,293 29,694 Total segment revenue (which also equals consolidated revenue) $ 95,138 $ 102,649 Segment contribution Mexico $ 5,874 $ 5,055 China (2 ) 547 U.S. 2,962 1,482 Total $ 8,834 $ 7,084 Corporate expenses 5,902 5,259 Restructuring charges (recovery) (221 ) 624 Change in fair value of warrant liability (517 ) (101 ) Change in fair value of contingent consideration — (3,050 ) Unrealized foreign exchange loss on unsettled forward exchange contracts 512 — Interest expense 2,093 2,870 Income before income taxes $ 1,065 $ 1,482 Three months ended March 29, 2020 Mexico U . S . China Total Market Sector: Test and Measurement $ 21,391 $ 8,048 $ — $ 29,439 Retail and Payment Systems 12,323 — — 12,323 Telecom, Networking and Communications 3,034 3,791 714 7,539 Medical 8,563 2,577 130 11,270 Industrial, Power and Clean Technology 10,314 8,492 60 18,866 Semiconductor 5,316 — — 5,316 Aerospace and Defense — 10,385 — 10,385 Segment Revenue 60,941 33,293 904 95,138 Revenue by category Mexico U.S. China Total Point in time $ 499 $ 1,067 $ 452 $ 2,018 Over time 60,442 32,226 452 93,120 Total Revenue 60,941 33,293 904 95,138 Three months ended March 31, 2019 Mexico U . S . China Total Market Sector: Test and Measurement $ 19,917 $ 11,005 $ 1,583 $ 32,505 Retail and Payment Systems 12,942 — — 12,942 Telecom, Networking and Communications 4,004 2,077 4,726 10,807 Medical 8,459 3,652 394 12,505 Industrial, Power and Clean Technology 13,099 5,979 526 19,604 Semiconductor 7,305 — — 7,305 Aerospace and Defense — 6,981 — 6,981 Segment Revenue 65,726 29,694 7,229 102,649 Revenue by category Mexico U . S . China Total Point in time $ 435 $ 1,712 $ 2 $ 2,149 Over time 65,291 27,982 7,227 100,500 Total Revenue 65,726 29,694 7,229 102,649 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 Three months ended March 29 , 20 20 December 29 , 201 9 U.S. $ 544 $ 1,217 Mexico 160 2,461 China 2 155 Segment total 706 3,833 Corporate and other — 23 Total $ 706 $ 3,856 Property, plant and equipment (a) March 29 , 20 20 December 29 , 201 9 U.S. $ 20,088 $ 16,904 Mexico 10,771 10,970 China 58 670 Segment total 30,917 28,544 Corporate and other 81 96 Total $ 30,998 $ 28,640 Other long term segment assets (b) March 29, 2020 December 29, 2019 U.S. $ 9,343 $ 9,273 Mexico 20,576 22,179 China — — Segment total 29,919 31,452 Corporate and other 804 859 Total $ 30,723 $ 32,311 Total segment assets (a) March 29, 2020 December 29, 2019 U.S. $ 118,685 $ 112,789 Mexico 91,607 93,349 China 1,610 6,694 Segment total 211,902 212,832 Corporate and other 438 547 Total $ 212,341 $ 213,379 (a) Property, plant and equipment information is based on the principal location of the asset. This includes operating lease right of use assets. (b) Includes Goodwill, Intangible assets, deferred income taxes and deferred financing costs Geographic revenue The following table contains geographic revenue based on our customer invoicing location, for the three March 29, 2020 March 31, 2019. Three months ended March 29 , 20 20 March 31 , 201 9 U.S. $ 89,509 $ 94,186 Canada 5,022 5,039 China 607 3,424 Total $ 95,138 $ 102,649 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 one one During the three March 29, 2020, one 10% 12.6% three March 31, 2019, one 10% 13.1% As of March 29, 2020, no 10% December 29, 2019, one 10% No 10%

Note 9 - Derivative Financial I

Note 9 - Derivative Financial Instruments	3 Months Ended
	Mar. 29, 2020
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	9 . Derivative financial instruments During the three March 29, 2020, not 815 no first 2019. The following table presents a summary of the outstanding foreign currency forward contracts as at March 29, 2020: Currency Buy/Sell Foreign Currency Amount Notional Contract Value in USD Mexican Peso Buy 88,000 MXN $ 4,206 The unrealized loss recognized in earnings as a result of revaluing the instruments to fair value on March 29, 2020 $512 March 31, 2019– $Nil 2 820 The average contract and mark-to-market rates for outstanding forward foreign exchange contracts were as follows; March 29 , 20 20 December 29 , 201 9 Average USD:CAD contract rate N/A N/A Average USD:CAD mark-to-market rate N/A N/A Average USD:PESO contract rate 20.92 N/A Average USD:PESO mark-to-market rate 23.82 N/A The derivative liability was $512 March 31, 2019 –Nil no March 29, 2020 March 31, 2019.

Note 10 - Restructuring Charges

Note 10 - Restructuring Charges	3 Months Ended
	Mar. 29, 2020
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	10 . Restructuring Charges Dongguan facility closure In September 2019, December 2019, February 2020. September 2019. 137 September 2019. $2,037 first 2020. third 2020. $5,000 twelve December 29, 2019 During the three March 29, 2020, $221 Restructuring Liability Termination benefits and other exit costs Balance as at December 29, 2019 $ 1,597 Involuntary employee termination benefits 100 Other exit cost provisions reversed unutilized (166 ) Payments—Dongguan severance (476 ) Payments- (U.S., Canada and Mexico) (168 ) At March 29, 2020 $ 887

Note 11 - Commitments

Note 11 - Commitments	3 Months Ended
	Mar. 29, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	11 . Commitments Purchase obligations not March 29, 2020 $34,696 12 not December 29, 2019, $27,959 12

Note 3 - Interim Consolidated_2

Note 3 - Interim Consolidated Financial Statement Details (Tables)	3 Months Ended
	Mar. 29, 2020
Notes Tables
Condensed Balance Sheet [Table Text Block]	March 29 , 20 20 December 29 , 201 9 Trade accounts receivable $ 71,744 $ 71,113 Other receivables 1,271 1,098 Allowance for doubtful accounts (2,402 ) (2,292 ) Total $ 70,613 $ 69,919 March 29 , 20 20 December 29 , 201 9 Opening $ 26,271 $ 20,405 Contract assets additions 87,327 350,709 Contract assets invoiced (84,819 ) (344,843 ) Ending $ 28,779 $ 26,271 March 29 , 20 20 December 29 , 201 9 Raw materials $ 43,504 $ 48,067 Parts and other 633 586 Provision for obsolescence (816 ) (827 ) Total $ 43,321 $ 47,826 March 29 , 20 20 December 29 , 201 9 Cost: Land $ 1,648 $ 1,648 Buildings (b) 18,985 18,985 Machinery and equipment (a) (e) 42,714 42,732 Office furniture and equipment (c) (e) 807 1,005 Computer hardware and software (d) (e) 3,630 3,979 Leasehold improvements (e) 4,096 4,265 71,880 72,614 Less accumulated depreciation: Land — — Buildings (b) (10,668 ) (10,392 ) Machinery and equipment (a) (e) (31,616 ) (31,192 ) Office furniture and equipment (c) (e) (364 ) (546 ) Computer hardware and software (d) (e) (2,987 ) (3,289 ) Leasehold improvements (e) (1,835 ) (1,885 ) (47,470 ) (47,304 ) Property, plant and equipment—net $ 24,410 $ 25,310 March 29 , 20 20 December 29 , 201 9 Cost: Customer relationships $ 12,350 $ 12,350 Order backlog 6,990 6,990 Trade name 1,300 1,300 Non-compete agreements 360 360 21,000 21,000 Less accumulated amortization: Customer relationships (1,722 ) (1,414 ) Order backlog (6,498 ) (5,333 ) Trade name (1,300 ) (1,300 ) Non-compete agreements (251 ) (206 ) (9,771 ) (8,253 ) Intangible assets—net $ 11,229 $ 12,747 March 29, 2020 December 29 , 2019 U.S. $ 3,369 $ 3,824 Mexico 7,860 8,923 Total $ 11,229 $ 12,747 March 29, 2020 December 29, 2019 U.S. $ 5,449 $ 5,449 Mexico 12,716 12,716 Total $ 18,165 $ 18,165 March 29 , 20 20 December 29 , 201 9 Payroll $ 6,346 $ 5,504 Customer related 3,910 2,185 Vendor related 2,495 1,742 Professional services 791 612 Interest 454 860 Other 706 261 Total $ 14,702 $ 11,164
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	2020 $ 3,046 2021 1,235 2022 1,235 2023 1,235 2024 1,235 2025 and thereafter 4,761 Total amortization $ 12,747
Condensed Income Statement [Table Text Block]	Three months ended March 29 , 20 20 March 31 , 201 9 Long-term debt $ 1,048 $ 1,752 Revolving credit facility 552 619 Amortization of deferred financing fees 55 34 Amortization of debt issuance costs 239 237 Obligations under finance leases 192 228 Other interest 7 — Total $ 2,093 $ 2,870

Note 4 - Debt (Tables)

Note 4 - Debt (Tables)	3 Months Ended
	Mar. 29, 2020
Notes Tables
Schedule of Debt [Table Text Block]	March 29, 2020 December 29, 2019 Revolving credit facility $ 33,340 $ 34,701 Term loans: Term loan A facility $ 38,438 $ 38,750 Less deferred debt issue costs (2,140 ) (2,286 ) Less unamortized discount on debt (1,371 ) (1,464 ) Total term loans $ 34,927 $ 35,000 Less current portion (1,562 ) (1,250 ) Long term portion $ 33,365 $ 33,750

Note 5 - Capital Stock (Tables)

Note 5 - Capital Stock (Tables)	3 Months Ended
	Mar. 29, 2020
Notes Tables
Schedule of Common Stock Outstanding Roll Forward [Table Text Block]	Number of shares $ Balance at December 29, 2019 and March 29, 2020 28,195,300 $ 508
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Number of options Weighted Aggregate Weighted Outstanding at December 29, 2019 2,344,374 $ 2.14 2,016 7.9 Options granted — — — — Options exercised — — — — Options forfeited — — — — Outstanding at March 29, 2020 2,344,374 2.14 897 7.7 Exercisable at March 29, 2020 1,088,140 1.55 897 7.0
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Outstanding Weighted Weighted Outstanding balance at December 29, 2019 348,000 $ 3.16 2.23 RSU granted 28,000 2.27 RSU vested and issued in common shares — — RSU forfeited — — Outstanding balance at March 29, 2020 376,000 3.09 2.37

Note 7 - Earnings Per Common _2

Note 7 - Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 29, 2020
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Three months ended (Number of common shares) March 29 , 20 20 March 31 , 201 9 Basic weighted average shares outstanding 28,195,300 23,248,918 Dilutive stock awards (a) 1,033,103 1,216,517 Diluted weighted average shares outstanding 29,228,403 24,465,435

Note 8 - Segmented Information

Note 8 - Segmented Information (Tables)	3 Months Ended
	Mar. 29, 2020
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three months ended March 29 , 20 20 March 31 , 201 9 Revenue Mexico $ 63,364 $ 65,760 China 4,206 8,656 U.S. 33,382 29,811 Total $ 100,952 $ 104,227 Intersegment revenue Mexico $ (2,422 ) $ (34 ) China (3,303 ) (1,427 ) U.S. (89 ) (117 ) Total $ (5,814 ) $ (1,578 ) Net external revenue Mexico $ 60,942 $ 65,726 China 903 7,229 U.S. 33,293 29,694 Total segment revenue (which also equals consolidated revenue) $ 95,138 $ 102,649 Segment contribution Mexico $ 5,874 $ 5,055 China (2 ) 547 U.S. 2,962 1,482 Total $ 8,834 $ 7,084 Corporate expenses 5,902 5,259 Restructuring charges (recovery) (221 ) 624 Change in fair value of warrant liability (517 ) (101 ) Change in fair value of contingent consideration — (3,050 ) Unrealized foreign exchange loss on unsettled forward exchange contracts 512 — Interest expense 2,093 2,870 Income before income taxes $ 1,065 $ 1,482 Three months ended March 29, 2020 Mexico U . S . China Total Market Sector: Test and Measurement $ 21,391 $ 8,048 $ — $ 29,439 Retail and Payment Systems 12,323 — — 12,323 Telecom, Networking and Communications 3,034 3,791 714 7,539 Medical 8,563 2,577 130 11,270 Industrial, Power and Clean Technology 10,314 8,492 60 18,866 Semiconductor 5,316 — — 5,316 Aerospace and Defense — 10,385 — 10,385 Segment Revenue 60,941 33,293 904 95,138 Revenue by category Mexico U.S. China Total Point in time $ 499 $ 1,067 $ 452 $ 2,018 Over time 60,442 32,226 452 93,120 Total Revenue 60,941 33,293 904 95,138 Three months ended March 31, 2019 Mexico U . S . China Total Market Sector: Test and Measurement $ 19,917 $ 11,005 $ 1,583 $ 32,505 Retail and Payment Systems 12,942 — — 12,942 Telecom, Networking and Communications 4,004 2,077 4,726 10,807 Medical 8,459 3,652 394 12,505 Industrial, Power and Clean Technology 13,099 5,979 526 19,604 Semiconductor 7,305 — — 7,305 Aerospace and Defense — 6,981 — 6,981 Segment Revenue 65,726 29,694 7,229 102,649 Revenue by category Mexico U . S . China Total Point in time $ 435 $ 1,712 $ 2 $ 2,149 Over time 65,291 27,982 7,227 100,500 Total Revenue 65,726 29,694 7,229 102,649 Three months ended March 29 , 20 20 December 29 , 201 9 U.S. $ 544 $ 1,217 Mexico 160 2,461 China 2 155 Segment total 706 3,833 Corporate and other — 23 Total $ 706 $ 3,856 Three months ended March 29 , 20 20 March 31 , 201 9 U.S. $ 89,509 $ 94,186 Canada 5,022 5,039 China 607 3,424 Total $ 95,138 $ 102,649
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]	March 29 , 20 20 December 29 , 201 9 U.S. $ 20,088 $ 16,904 Mexico 10,771 10,970 China 58 670 Segment total 30,917 28,544 Corporate and other 81 96 Total $ 30,998 $ 28,640 March 29, 2020 December 29, 2019 U.S. $ 9,343 $ 9,273 Mexico 20,576 22,179 China — — Segment total 29,919 31,452 Corporate and other 804 859 Total $ 30,723 $ 32,311 March 29, 2020 December 29, 2019 U.S. $ 118,685 $ 112,789 Mexico 91,607 93,349 China 1,610 6,694 Segment total 211,902 212,832 Corporate and other 438 547 Total $ 212,341 $ 213,379

Note 9 - Derivative Financial_2

Note 9 - Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 29, 2020
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	Currency Buy/Sell Foreign Currency Amount Notional Contract Value in USD Mexican Peso Buy 88,000 MXN $ 4,206
Schedule of Derivative Rates at Fair Value [Table Text Block]	March 29 , 20 20 December 29 , 201 9 Average USD:CAD contract rate N/A N/A Average USD:CAD mark-to-market rate N/A N/A Average USD:PESO contract rate 20.92 N/A Average USD:PESO mark-to-market rate 23.82 N/A

Note 10 - Restructuring Charg_2

Note 10 - Restructuring Charges (Tables)	3 Months Ended
	Mar. 29, 2020
Notes Tables
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	Termination benefits and other exit costs Balance as at December 29, 2019 $ 1,597 Involuntary employee termination benefits 100 Other exit cost provisions reversed unutilized (166 ) Payments—Dongguan severance (476 ) Payments- (U.S., Canada and Mexico) (168 ) At March 29, 2020 $ 887

Note 1 - Nature of the Busine_2

Note 1 - Nature of the Business (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 29, 2020	Dec. 29, 2019
PNC Bank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Remaining Borrowing Capacity	$ 31,185	$ 31,185	$ 21,644

Note 3 - Interim Consolidated_3

Note 3 - Interim Consolidated Financial Statement Details (Details Textual) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 29, 2020	Sep. 29, 2019	Mar. 31, 2019	Dec. 29, 2019
Depreciation, Total	$ 1,603		$ 1,627
Amortization of Intangible Assets, Total	1,518	$ 1,844	$ 1,844
Goodwill, Ending Balance	18,165			$ 18,165
Dongguan Facility Closure [Member]
Restructuring Charges, Total				5,000
Machinery and Equipment [Member]
Capital Leased Assets, Gross, Total	2,275			2,275
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	1,084			974
Machinery and Equipment [Member] | Dongguan Facility Closure [Member]
Depreciation, Total				31
Property, Plant and Equipment, Transfers and Changes	636
Accumulated Depreciation, Depletion and Amortization, Write Down	636
Machinery and Equipment [Member] | Assets Under Capital Lease [Member]
Depreciation, Total	113			565
Building and Building Improvements [Member]
Capital Leased Assets, Gross, Total	9,082			9,082
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	1,102			900
Building and Building Improvements [Member] | Assets Under Capital Lease [Member]
Depreciation, Total	202			804
Furniture and Fixtures [Member]
Capital Leased Assets, Gross, Total	307			307
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	69			52
Furniture and Fixtures [Member] | Dongguan Facility Closure [Member]
Property, Plant and Equipment, Transfers and Changes	209
Accumulated Depreciation, Depletion and Amortization, Write Down	209
Furniture and Fixtures [Member] | Assets Under Capital Lease [Member]
Depreciation, Total	17			46
Computer Equipment [Member] | Dongguan Facility Closure [Member] | Restructuring Charges Related to Write Down of Property, Plant and Equipment [Member]
Property, Plant and Equipment, Transfers and Changes	410
Accumulated Depreciation, Depletion and Amortization, Write Down	410
Computer Equipment [Member] | Assets Under Capital Lease [Member]
Capital Leased Assets, Gross, Total	91			91
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	58			$ 51
Depreciation, Total	7
Leasehold Improvements [Member] | Dongguan Facility Closure [Member]
Property, Plant and Equipment, Transfers and Changes	184
Accumulated Depreciation, Depletion and Amortization, Write Down	181
Restructuring Charges, Total	$ 3

Note 3 - Interim Consolidated_4

Note 3 - Interim Consolidated Financial Statement Details - Consolidated Balance Sheets (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 29, 2020		Dec. 29, 2019	Dec. 30, 2019
Trade accounts receivable		$ 71,744		$ 71,113
Other receivables		1,271		1,098
Allowance for doubtful accounts		(2,402)		(2,292)
Total		70,613		69,919
Opening		26,271		20,405
Contract assets additions		87,327		350,709
Contract assets invoiced		(84,819)		(344,843)
Ending		28,779		26,271
Raw materials		43,504		48,067
Parts and other		633		586
Provision for obsolescence		(816)		(827)
Total		43,321		47,826
Property, plant and equipment		71,880		72,614
Accumulated depreciation, property, plant and equipment		(47,470)		(47,304)
Property, plant and equipment—net		24,410		25,310
Intangible assets		21,000		21,000
Intangible assets, accumulated amortization		(9,771)		(8,253)
Total amortization		11,229		12,747
Intangible assets		11,229		12,747
Goodwill		18,165		18,165
Payroll		6,346			$ 5,504
Professional services		791			612
Interest		454			860
Total		14,702		11,164	11,164
Customer Related [Member]
Other accrued liabilities		3,910			2,185
Vendor Related [Member]
Other accrued liabilities		2,495			1,742
Other Accrued Liabilities [Member]
Other accrued liabilities		706			$ 261
Customer Relationships [Member]
Intangible assets		12,350		12,350
Intangible assets, accumulated amortization		(1,722)		(1,414)
Order or Production Backlog [Member]
Intangible assets		6,990		6,990
Intangible assets, accumulated amortization		(6,498)		(5,333)
Trade Names [Member]
Intangible assets		1,300		1,300
Intangible assets, accumulated amortization		(1,300)		(1,300)
Noncompete Agreements [Member]
Intangible assets		360		360
Intangible assets, accumulated amortization		(251)		(206)
Land [Member]
Property, plant and equipment		1,648		1,648
Accumulated depreciation, property, plant and equipment
Building [Member]
Property, plant and equipment	[1]	18,985		18,985
Accumulated depreciation, property, plant and equipment	[1]	(10,668)		(10,392)
Machinery and Equipment [Member]
Property, plant and equipment	[2]	42,714	[3]	42,732
Accumulated depreciation, property, plant and equipment	[2],[3]	(31,616)		(31,192)
Furniture and Fixtures [Member]
Property, plant and equipment	[2],[4]	807		1,005
Accumulated depreciation, property, plant and equipment	[2],[4]	(364)		(546)
Computer Equipment [Member]
Property, plant and equipment	[2],[5]	3,630		3,979
Accumulated depreciation, property, plant and equipment	[2],[5]	(2,987)		(3,289)
Leasehold Improvements [Member]
Property, plant and equipment	[2]	4,096		4,265
Accumulated depreciation, property, plant and equipment	[2]	(1,835)		(1,885)
UNITED STATES
Total amortization		3,369		3,824
Intangible assets		3,369		3,824
Goodwill		5,449		5,449
MEXICO
Total amortization		7,860		8,923
Intangible assets		7,860		8,923
Goodwill		$ 12,716		$ 12,716
[1]	Included within buildings are costs associated with Melbourne facility under finance lease of $9,082 and associated accumulated depreciation of $1,102 and $900 as of March 29, 2020 and December 29, 2019, respectively. The related depreciation expense for three months ended March 29, 2020 and year ended December 29, 2019 was $202 and $804, respectively.
[2]	Fully depreciated machinery and equipment with cost of $636 and accumulated amortization of $636 was written off. Fully depreciated office furniture and fixtures with cost of $209 and accumulated amortization of $209 was written off. Fully depreciated computer hardware and software with cost of $410 and accumulated amortization of $410 was written off. Write off charges of $3 were incurred on leasehold improvements with cost of $184 and accumulated amortization of $181. These write off charges were incurred related to the closure of the Dongguan facility for those items not otherwise transferred to other manufacturing facilities.
[3]	Included within machinery and equipment were assets under finance leases with costs of $2,275 and $2,275 and associated accumulated depreciation of $1,084 and $974 as of March 29, 2020 and December 29, 2019, respectively. The related depreciation expense for the three months ended March 29, 2020 and year ended December 29, 2019 was $113 and $565, respectively.
[4]	Included within office furniture and equipment were assets under finance leases with costs of $307 and associated accumulated depreciation of $69 and $52 as of March 29, 2020 and December 29, 2019, respectively. The related depreciation expense for the three months ended March 29, 2020 and year ended December 29, 2019 was $17 and $46, respectively.
[5]	Included within computer hardware and software were assets under finance leases with costs of $91 and associated accumulated depreciation of $58 and $51 as of March 29, 2020 and December 29, 2019, respectively. The related depreciation expense for the three months ended March 29, 2020 and year ended December 29, 2019 was $7 and $31, respectively.

Note 3 - Interim Consolidated_5

Note 3 - Interim Consolidated Financial Statement Details - Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019
2020		$ 3,046
2021		1,235
2022		1,235
2023		1,235
2024		1,235
2025 and thereafter		4,761
Total amortization	$ 11,229	$ 12,747

Note 3 - Interim Consolidated_6

Note 3 - Interim Consolidated Financial Statement Details - Consolidated Statements of Operations and Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Long-term debt	$ 1,048	$ 1,752
Amortization of deferred financing fees	55	34
Amortization of debt issuance costs	239	237
Obligations under finance leases	192	228
Other interest	7
Total	2,093	2,870
Revolving Credit Facility [Member]
Line of credit facility, periodic payment, interest	$ 552	$ 619

Note 4 - Debt (Details Textual)

Note 4 - Debt (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Aug. 08, 2019	Mar. 29, 2020	Mar. 31, 2020	Dec. 29, 2019	Nov. 08, 2018
Long-term Line of Credit, Total		$ 33,340		$ 34,701
Debt Instrument, Unamortized Discount, Total		$ 1,371		1,464
PNC Bank [Member] | Foreign Line of Credit [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		0.50%
PNC Bank [Member] | Foreign Line of Credit [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.00%
PNC Bank [Member] | Foreign Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.50%
PNC Bank [Member] | Foreign Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		2.00%
PNC Bank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Remaining Borrowing Capacity		$ 31,185	$ 31,185	21,644
Line of Credit Facility, Maximum Borrowing Capacity				65,000
Long-term Line of Credit, Total		33,340		34,701
TCW Asset Management Company, LLC [Member]
Debt Issuance Cost, Gross, Noncurrent		2,140		2,286
Debt Instrument, Unamortized Discount, Total		$ 1,371		1,464
Class of Warrant or Right, Outstanding (in shares)					504,735
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)		511,949
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)					$ 0.01
Warrants and Rights Outstanding		$ 1,213		$ 1,730	$ 1,898
Share Price (in dollars per share)		$ 2.37		$ 3.38
TCW Asset Management Company, LLC [Member] | Rights Offering and the Registered Direct Offering in June 2019 [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)		7,214
TCW Asset Management Company, LLC [Member] | Term Loan [Member]
Additional Prepayment Fee After Closing Date, Percent, First Twelve Months		3.00%
Additional Prepayment Fee After Closing Date, Percent, Year Two		2.00%
Additional Prepayment Fee After Closing Date, Percent, Year Three		1.00%
TCW Asset Management Company, LLC [Member] | Term Loan A [Member]
Long-term Line of Credit, Total		$ 38,438		$ 38,750
TCW Asset Management Company, LLC [Member] | London Interbank Offered Rate (LIBOR) [Member] | Financing Agreement Through June 30, 2020 [Member]
Debt Instrument, Basis Spread on Variable Rate	8.75%
TCW Asset Management Company, LLC [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | Financing Agreement Through June 30, 2020 [Member]
Debt Instrument, Basis Spread on Variable Rate	7.25%
TCW Asset Management Company, LLC [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member] | Financing Agreement Through June 30, 2020 [Member]
Debt Instrument, Basis Spread on Variable Rate	8.75%

Note 4 - Debt - Debt Facilities

Note 4 - Debt - Debt Facilities (Details) - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019
Revolving credit facility	$ 33,340	$ 34,701
Less deferred debt issue costs	(2,140)	(2,286)
Less unamortized discount on debt	(1,371)	(1,464)
Total term loans	34,927	35,000
Less current portion	(1,562)	(1,250)
Long term portion	33,365	33,750
Term Loan A [Member]
Long-term debt	$ 38,438	$ 38,750

Note 5 - Capital Stock (Details

Note 5 - Capital Stock (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares)	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period (in shares)	0
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Expense	$ 57	$ 22
Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Expense	$ 105	$ 66
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	28,000

Note 5 - Capital Stock - Common

Note 5 - Capital Stock - Common Shares Issued and Outstanding (Details) - Common Stock [Member] $ in Thousands	Mar. 29, 2020USD ($)shares
Balance, shares (in shares) | shares	28,195,300
Balance | $	$ 508

Note 5 - Capital Stock - Stock

Note 5 - Capital Stock - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 29, 2020	Dec. 29, 2019
Balance, options outstanding (in shares)	2,344,374
Balance, outstanding weighted average exercise price (in dollars per share)	$ 2.14
Balance, aggregate intrinsic value	$ 897	$ 2,016
Balance, outstanding weighted average remaining contractual term (Year)	7 years 255 days	7 years 328 days
Options granted, number of options (in shares)	0
Options granted, weighted average exercise price (in dollars per share)
Options exercised (in shares)	0
Options exercised, weighted average exercise price (in dollars per share)
Balance, options outstanding (in shares)	2,344,374	2,344,374
Balance, outstanding weighted average exercise price (in dollars per share)	$ 2.14	$ 2.14
Exercisable, number of options (in shares)	1,088,140
Exercisable, weighted average exercise price (in dollars per share)	$ 1.55
Exercisable, aggregate intrinsic value	$ 897
Exercisable weighted average remaining contractual term (Year)	7 years

Note 5 - Capital Stock - Restri

Note 5 - Capital Stock - Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	3 Months Ended	12 Months Ended
	Mar. 29, 2020	Dec. 29, 2019
Balance, outstanding options (in shares)	348,000
Balance, outstanding weighted average stock price (in dollars per share)	$ 3.09	$ 3.16
Balance, outstanding weighted average remaining contractual term (Year)	2 years 135 days	2 years 83 days
RSU granted (in shares)	28,000
RSU granted, weighted average stock price (in dollars per share)	$ 2.27
RSU vested and issued in common shares (in shares)
RSU vested and issued in common shares, weighted average stock price (in dollars per share)
RSU forfeited (in shares)
RSU forfeited, weighted average stock price (in dollars per share)
Balance, outstanding options (in shares)	376,000	348,000

Note 6 - Income Taxes (Details

Note 6 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Current Income Tax Expense (Benefit), Total	$ 275	$ 279
Deferred Income Tax Expense (Benefit), Total	15	$ (8)
Current Income Tax Benefit from Provisions under CARES Act	$ 56

Note 7 - Earnings Per Common _3

Note 7 - Earnings Per Common Share (Details Textual) - shares	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	1,053,103	1,216,517

Note 7 - Earnings Per Common _4

Note 7 - Earnings Per Common Share - Common Shares Outstanding for Basic and Diluted Earnings Per Share (Details) - shares		3 Months Ended
		Mar. 29, 2020	Mar. 31, 2019
Basic (in shares)		28,195,300	23,248,918
Dilutive stock awards (a) (in shares)	[1]	1,033,103	1,216,517
Diluted weighted average shares outstanding (in shares)		29,228,403	24,465,435
[1]	For the three months ended March 29, 2020 and March 31, 2019, as a result of net income for the period, dilutive earnings per share were calculated using the treasury stock method. The dilutive stock awards have been calculated as 1,053,103 and 1,216,517 for the three months ended March 29, 2020 and March 31, 2019 respectively, related to the outstanding unvested restricted stock units and incremental in-the-money stock options.

Note 8 - Segmented Informatio_2

Note 8 - Segmented Information (Details Textual) - Customer Concentration Risk [Member]	3 Months Ended		12 Months Ended
	Mar. 29, 2020	Mar. 31, 2019	Dec. 29, 2019
Revenue Benchmark [Member]
Number of Major Customers	1	1
Concentration Risk, Percentage	12.60%	13.10%
Accounts Receivable [Member]
Number of Major Customers	0		1

Note 8 - Segmented Informatio_3

Note 8 - Segmented Information - Segment Reporting Information, by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 29, 2020	Mar. 31, 2019	Dec. 29, 2019
Revenues	$ 95,138	$ 102,649
Site Contribution	9,639	8,624
Corporate expenses	5,902	5,259
Restructuring charges (recovery) (notes 3 and 10)	(221)	624
Change in fair value of warrant liability	517	101
Change in fair value of contingent consideration		(3,050)
Unrealized foreign exchange loss on unsettled forward exchange contracts	512
Interest expense (note 3)	2,093	2,870
Income before income taxes	1,065	1,482
Additions and Disposals to PP&E	706		$ 3,856
Transferred at Point in Time [Member]
Revenues	2,018	2,149
Transferred over Time [Member]
Revenues	93,120	100,500
Test and Measurement [Member]
Revenues	29,439	32,505
Retail and Payment Systems [Member]
Revenues	12,323	12,942
Telecom, Networking, and Communications [Member]
Revenues	7,539	10,807
Medical [Member]
Revenues	11,270	12,505
Industrial, Power, and Clean Technology [Member]
Revenues	18,866	19,604
Semiconductor [Member]
Revenues	5,316	7,305
Aerospace and Defense [Member]
Revenues	10,385	6,981
MEXICO
Revenues	60,942	65,726
MEXICO | Transferred at Point in Time [Member]
Revenues	499	435
MEXICO | Transferred over Time [Member]
Revenues	60,442	65,291
MEXICO | Test and Measurement [Member]
Revenues	21,391	19,917
MEXICO | Retail and Payment Systems [Member]
Revenues	12,323	12,942
MEXICO | Telecom, Networking, and Communications [Member]
Revenues	3,034	4,004
MEXICO | Medical [Member]
Revenues	8,563	8,459
MEXICO | Industrial, Power, and Clean Technology [Member]
Revenues	10,314	13,099
MEXICO | Semiconductor [Member]
Revenues	5,316	7,305
MEXICO | Aerospace and Defense [Member]
Revenues
UNITED STATES
Revenues	33,293	29,694
UNITED STATES | Customers by Invoice Location [Member]
Revenues	89,509	94,186
UNITED STATES | Transferred at Point in Time [Member]
Revenues	1,067	1,712
UNITED STATES | Transferred over Time [Member]
Revenues	32,226	27,982
UNITED STATES | Test and Measurement [Member]
Revenues	8,048	11,005
UNITED STATES | Retail and Payment Systems [Member]
Revenues
UNITED STATES | Telecom, Networking, and Communications [Member]
Revenues	3,791	2,077
UNITED STATES | Medical [Member]
Revenues	2,577	3,652
UNITED STATES | Industrial, Power, and Clean Technology [Member]
Revenues	8,492	5,979
UNITED STATES | Semiconductor [Member]
Revenues
UNITED STATES | Aerospace and Defense [Member]
Revenues	10,385	6,981
CHINA
Revenues	903	7,229
CHINA | Customers by Invoice Location [Member]
Revenues	607	3,424
CHINA | Transferred at Point in Time [Member]
Revenues	452	2
CHINA | Transferred over Time [Member]
Revenues	452	7,227
CHINA | Test and Measurement [Member]
Revenues		1,583
CHINA | Retail and Payment Systems [Member]
Revenues
CHINA | Telecom, Networking, and Communications [Member]
Revenues	714	4,726
CHINA | Medical [Member]
Revenues	130	394
CHINA | Industrial, Power, and Clean Technology [Member]
Revenues	60	526
CHINA | Semiconductor [Member]
Revenues
CHINA | Aerospace and Defense [Member]
Revenues
CANADA | Customers by Invoice Location [Member]
Revenues	5,022	5,039
Reportable Geographical Components [Member]
Revenues	100,952	104,227
Site Contribution	8,834	7,084
Additions and Disposals to PP&E	706		3,833
Reportable Geographical Components [Member] | MEXICO
Revenues	63,364	65,760
Site Contribution	5,874	5,055
Additions and Disposals to PP&E	160		2,461
Reportable Geographical Components [Member] | UNITED STATES
Revenues	33,382	29,811
Site Contribution	2,962	1,482
Additions and Disposals to PP&E	544		1,217
Reportable Geographical Components [Member] | CHINA
Revenues	4,206	8,656
Site Contribution	(2)	547
Additions and Disposals to PP&E	2		155
Geography Eliminations [Member]
Revenues	(5,814)	(1,578)
Geography Eliminations [Member] | MEXICO
Revenues	(2,422)	(34)
Geography Eliminations [Member] | UNITED STATES
Revenues	(89)	(117)
Geography Eliminations [Member] | CHINA
Revenues	(3,303)	$ (1,427)
Corporate, Non-Segment [Member]
Additions and Disposals to PP&E			$ 23

Note 8 - Segmented Informatio_4

Note 8 - Segmented Information - Long-lived Assets in Individual Geographic Areas (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 29, 2020	Dec. 29, 2019
Property, plant and equipment	$ 30,998		$ 28,640
Long-lived assets	30,723		32,311
Assets	212,341	$ 212,341	213,379
Reportable Geographical Components [Member]
Property, plant and equipment	30,917		28,544
Long-lived assets	29,919		31,452
Assets	211,902		212,832
Reportable Geographical Components [Member] | UNITED STATES
Property, plant and equipment	20,088		16,904
Long-lived assets	9,343		9,273
Assets	118,685		112,789
Reportable Geographical Components [Member] | MEXICO
Property, plant and equipment	10,771		10,970
Long-lived assets	20,576		22,179
Assets	91,607		93,349
Reportable Geographical Components [Member] | CHINA
Property, plant and equipment	58		670
Long-lived assets
Assets	1,610		6,694
Corporate, Non-Segment [Member]
Property, plant and equipment	81		96
Long-lived assets	804		859
Assets	$ 438		$ 547

Note 9 - Derivative Financial_3

Note 9 - Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019	Dec. 29, 2019
Derivative Asset, Current	$ 512	$ 0
Derivative Liability, Current	0	0
Cost of Sales [Member]
Unrealized Gain (Loss) on Derivatives	$ 512	$ 0

Note 9 - Derivative Financial_4

Note 9 - Derivative Financial Instruments - Foreign Currency Forward Contracts (Details) - 3 months ended Mar. 29, 2020 $ in Thousands, $ in Millions	USD ($)	MXN ($)
Buy/Sell	Buy
Foreign Currency Amount		$ 88
Notional Contract Value in USD	$ 4,206

Note 9 - Derivative Financial_5

Note 9 - Derivative Financial Instruments - Average USD Fair Value Measurements for Contracts Rates (Details)	Mar. 29, 2020
USD:PESO Contract Rate [Member]
Contract rate	20.92%
USD:PESO Mark-to-market Rate [Member]
Mark-to-market rate	23.82%

Note 10 - Restructuring Charg_3

Note 10 - Restructuring Charges (Details Textual) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Sep. 30, 2019USD ($)	Mar. 29, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 29, 2019USD ($)
Restructuring Charges (Recoveries)		$ (221)	$ 624
Dongguan Facility Closure [Member]
Restructuring and Related Cost, Number of Positions Eliminated	137
Restructuring and Related Cost, Expected Cost, Total	$ 2,037
Restructuring Charges, Total				$ 5,000

Note 10 - Restructuring Charg_4

Note 10 - Restructuring Charges - Restructuring Liability (Details) $ in Thousands	3 Months Ended
	Mar. 29, 2020USD ($)
Balance	$ 1,597
Balance	887
United States, Canada, and Mexico [Member]
Payments	(168)
One-time Termination Benefits [Member]
Restructuring charges	100
Facility Exit Costs [Member]
Restructuring charges	(166)
Employee Severance [Member]
Payments	$ (476)

Note 11 - Commitments (Details

Note 11 - Commitments (Details Textual) - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019
Open Non-cancellable Purchase Orders for Raw Materials [Member]
Purchase Obligation, to be Paid, Year One	$ 34,696	$ 27,959
Indemnification Agreement [Member]
Loss Contingency Accrual, Ending Balance	$ 0	$ 0