Supplementary Information: | |||||||||||||||
Reconciliation of Adjusted Gross Profit and Adjusted Gross Profit Percentage | |||||||||||||||
(Unaudited) | |||||||||||||||
Three months ended | Nine months ended | ||||||||||||||
(Expressed in thousands of U.S. dollars) |
September 27,
2020 |
September 29,
2019 |
September 27,
2020 |
September 29,
2019 | |||||||||||
Gross Profit | $ | 11,102 | $ | 8,906 | $ | 31,427 | $ | 26,527 | |||||||
Add (deduct): | |||||||||||||||
Amortization of intangible assets | 354 | 1,844 | 2,718 | 5,532 | |||||||||||
Unrealized foreign exchange gain | |||||||||||||||
on unsettled forward exchange contracts | (261 | ) | - | (720 | ) | - | |||||||||
COVID-19 related expenses | 1,348 | - | 2,533 | - | |||||||||||
Adjusted Gross Profit | $ | 12,543 | $ | 10,750 | $ | 35,958 | $ | 32,059 | |||||||
Adjusted Gross Profit Percentage | 12.6 | % | 12.1 | % | 12.6 | % | 11.4 | % |