CONSOLIDATED STATEMENT OF INCOME See accompanying notes Fifty-two weeks ended Notes December 28, December 29,  (in thousands of U .S . dollars, except per share amounts) 2013 2012 Revenues $ 947,301 $ 942,631 Cost of sales 731,884 735,970 Gross profit 215,417 206,661 Distribution expenses 53,368 44,511 Selling, general and administrative expenses  98,902  100,862 Impairment of property, plant and equipment  — 13,230 Business acquisition, integration and other expenses  3,256 10,741 Results from operating activities  59,891 37,317 Finance costs 16,329 36,585 (Income) loss from equity accounted investee, net of income tax  (86) 196 Income before income taxes 43,648 536 Income taxes Current 20 12,378 5,442 Deferred 20 (86) (7,109) Total income tax expense (recovery)  12,292 (1,667) Net income $ 31,356 $ 2,203 PER SHARE EARNINGS Earnings per common share Basic 17 $ 2.07 $ 0.15 Diluted 17 $ 2.01 $ 0.14 Weighted average number of shares outstanding  Basic 17 15,183,747 15,118,752 Diluted 17 15,593,166 15,460,417 ANNUAL REPORT 2013 55