XML 87 R66.htm IDEA: XBRL DOCUMENT
v3.21.2

SHARE-BASED PAYMENTS (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2021
Share-based Payment Arrangements [Abstract] |
Explanation of effect of share-based payments on entity's profit or loss | Share-based payments expense are as follows:
|  | 2021 |  | 2020
Equity-settled plan |  |  |  |
Stock option plan | $ | 9.8 |  | $ | 5.8 |
Cash-settled plans |  |  |  |
Stock purchase plan |  | 10.0 |  |  | 10.3 |
Deferred share unit (DSU) plans |  | 11.4 |  |  | (2.4) |
Restricted share unit (RSU) plans |  | 28.6 |  |  | (10.9) |
Performance share unit (PSU) plan |  | 39.3 |  |  | (2.9) |
Total share-based payments expense | $ | 99.1 |  | $ | (0.1) |
Impact of equity swap agreements (Note 33) |  | (45.6) |  |  | 44.0 |
Amount capitalized |  | (0.5) |  |  | (1.2) |
Share-based payments expense, net of equity swap (Note 27) | $ | 53.0 |  | $ | 42.7 |
Carrying amount of share-based payments liabilities are as follows:
|  | 2021 |  | 2020
Cash-settled plans |  |  |  |
Deferred share unit (DSU) plans | $ | 19.7 |  | $ | 8.4 |
Restricted share unit (RSU) plans |  | 46.3 |  |  | 24.7 |
Performance share unit (PSU) plan |  | 36.8 |  |  | 16.2 |
Total carrying amount of share-based payments liabilities | $ | 102.8 |  | $ | 49.3 |
Current portion |  | 23.1 |  |  | 14.2 |
Non-current portion (Note 23) | $ | 79.7 |  | $ | 35.1 |
Disclosure of number and weighted average exercise prices of share options | Changes in outstanding stock options are as follows:
|  |  | 2021 |  |  |  | 2020
|  | Weighted |  |  | Weighted
| Number of | average exercise |  | Number of | average exercise
stock options | price |  | stock options | price
Stock options outstanding, beginning of year | 6,050,854 |  | $ | 24.25 |  |  | 6,504,125 |  | $ | 20.41 |
Granted | 2,697,713 |  |  | 20.65 |  |  | 1,320,700 |  |  | 34.50 |
Exercised | (687,165) |  |  | 17.94 |  |  | (1,553,846) |  |  | 17.06 |
Forfeited | (579,700) |  |  | 26.28 |  |  | (196,825) |  |  | 24.17 |
Expired | (4,800) |  |  | 11.02 |  |  | (23,300) |  |  | 10.06 |
Stock options outstanding, end of year | 7,476,902 |  | $ | 23.39 |  |  | 6,050,854 |  | $ | 24.25 |
Stock options exercisable, end of year | 2,934,364 |  | $ | 21.66 |  |  | 2,187,379 |  | $ | 19.05 |
Disclosure of range of exercise prices of outstanding share options | As at March 31, 2021, summarized information about the stock options issued and outstanding is as follows:
|  | Options Outstanding |  | Options Exercisable
|  | Weighted |  |  |  |
| Number of | average remaining | Weighted |  | Number of | Weighted
Range of | stock options | contractual life | average exercise |  | stock options | average exercise
exercise prices | outstanding | (years) | price |  | exercisable | price
$14.61 to $16.15 | 1,201,885 |  |  | 1.80 | $ | 15.80 |  |  | 1,201,885 |  | $ | 15.80 |
$20.24 to $22.26 | 3,735,679 |  |  | 5.13 |  | 21.12 |  |  | 864,229 |  |  | 22.13 |
$22.31 to $34.98 | 2,539,338 |  |  | 4.64 |  | 30.31 |  |  | 868,250 |  |  | 29.29 |
Total | 7,476,902 |  |  | 4.43 | $ | 23.39 |  |  | 2,934,364 |  | $ | 21.66 |
Disclosure of indirect measurement of fair value of goods or services received, other equity instruments granted during period | The assumptions used in the calculation of the fair value of the stock options on the grant date using the Black-Scholes option pricing model are as follows:
|  | 2021 |  |  | 2020 |
Common share price | $ | 21.48 |  | $ | 33.94 |
Exercise price | $ | 20.65 |  | $ | 34.50 |
Dividend yield |  | 2.01 | % |  | 1.18 | %
Expected volatility |  | 35.22 | % |  | 19.70 | %
Risk-free interest rate |  | 0.36 | % |  | 1.48 | %
Expected stock option life |  | 4 years |  | 4 years
Disclosure of number and weighted average exercise prices of other equity instruments | Changes in outstanding DSUs are as follows:
| 2021 |  | 2020
DSUs outstanding, beginning of year | 469,835 |  |  | 523,470 |
Granted | 81,980 |  |  | 79,196 |
Redeemed | (1,073) |  |  | (140,251) |
Dividends paid in DSUs | — |  |  | 7,420 |
DSUs vested and outstanding, end of year | 550,742 |  |  | 469,835 |
Changes in outstanding RSUs are as follows:
| 2021 |  | 2020
RSUs outstanding, beginning of year | 1,490,603 |  |  | 1,570,063 |
Granted | 246,249 |  |  | 149,477 |
Cancelled | (42,264) |  |  | (16,207) |
Redeemed | (264,064) |  |  | (228,928) |
Dividends paid in RSUs | — |  |  | 16,198 |
RSUs outstanding, end of year | 1,430,524 |  |  | 1,490,603 |
RSUs vested, end of year | 1,295,233 |  |  | 1,391,195 |
Changes in outstanding PSUs are as follows:
|  |  |  |  | 2021 |  | 2020
PSUs outstanding, beginning of year |  |  |  |  | 976,873 |  |  | 1,141,200 |
Granted |  |  |  |  | 585,162 |  |  | 730,352 |
Cancelled |  |  |  |  | (41,266) |  |  | (41,991) |
Redeemed |  |  |  |  | (700,680) |  |  | (852,688) |
PSUs outstanding, end of year |  |  |  |  | 820,089 |  |  | 976,873 |
PSUs vested, end of year |  |  |  |  | 649,449 |  |  | 758,209 |

X
- Definition Share-based Payment Arrangements [Abstract] + References No definition available. + Details
Name: | cae_SharebasedPaymentArrangementsAbstract
Namespace Prefix: | cae_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2020-01-01 -Paragraph 47 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2020-en-r&anchor=para_47_a&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 2 -IssueDate 2020-01-01 -Paragraph 45 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2020-en-r&anchor=para_45&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2020-01-01 -Paragraph 45 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2020-en-r&anchor=para_45_b&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the range of exercise prices for outstanding share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2020-01-01 -Paragraph 45 -Subparagraph d -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2020-en-r&anchor=para_45_d&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The explanation that enables users of financial statements to understand the effect of share-based payment transactions on the entity's profit (loss). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2020-01-01 -Paragraph 50 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2020-en-r&anchor=para_50&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_ExplanationOfEffectOfSharebasedPaymentsOnProfitOrLoss
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration