| Supplementary Information: | |||||
| Reconciliation of Net Debt | |||||
|
September 29,
2019 |
September 30,
2018 | ||||
| Revolver | $ | 34,840 | 16,706 | ||
| Term Debt | 39,376 | 6,500 | |||
| Equipment Facility | - | 2,629 | |||
| Discount (Term Debt) | (3,972 | ) | - | ||
| Capital Lease (Finance) | 10,421 | 701 | |||
| Capital Lease (Operating) | 4,301 | - | |||
| $ | 84,966 | 26,536 | |||
| Cash | (601 | ) | (14,689 | ) | |
| Net Debt | $ | 84,365 | 11,847 | ||
| Supplementary Information: | |||||||||
|
Proforma Consolidated Statements of Operations and Comprehensive Income
| |||||||||
| (Unaudited) | |||||||||
| SMTC | MC | Proforma | |||||||
| September 30, 2018 | September 30, 2018 | September 30, 2018 | |||||||
| Revenue | $ | 53,677 | $ | 40,064 | $ | 93,741 | |||
| Cost of sales | 48,440 | 35,034 | 83,474 | ||||||
| Gross profit | 5,237 | 5,030 | 10,267 | ||||||
| Selling, general and administrative expenses | 3,682 | 2,729 | 6,411 | ||||||
| Impairment of property,plant and equipment | 3 | - | 3 | ||||||
| Restructuring charges | 58 | (13 | ) | 45 | |||||
| Operating income | 1,494 | 2,314 | 3,808 | ||||||
| Interest expense | 485 | 1,872 | 2,357 | ||||||
| Income before income taxes | 1,009 | 443 | 1,452 | ||||||
| Income tax expense (recovery) | |||||||||
| Current | 290 | 100 | 390 | ||||||
| Deferred | (145 | ) | - | (145 | ) | ||||
| 145 | 100 | 245 | |||||||
| Net income, and comprehensive income | $ | 864 | $ | 343 | $ | 1,207 | |||
