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INTANGIBLE ASSETS AND GOODWILL | 12 Months Ended
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Dec. 30, 2018
Intangible assets [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | INTANGIBLE ASSETS AND GOODWILL: Intangible assets:
2018 | Customer contracts and customer relationships |  | Trademarks |  | License agreements |  | Computer software |  | Non-compete agreements |  | Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2017 |  | $ | 224,489 |  |  | $ | 226,172 |  |  | $ | 59,498 |  |  | $ | 49,771 |  |  | $ | 1,880 |  |  | $ | 561,810 |
Additions |  | — |  |  | — |  |  | 10,102 |  |  | 9,363 |  |  | — |  |  | 19,465 |
Disposals |  | — |  |  | — |  |  | — |  |  | (879 | ) |  | (90 | ) |  | (969 | )
Balance, December 30, 2018 |  | $ | 224,489 |  |  | $ | 226,172 |  |  | $ | 69,600 |  |  | $ | 58,255 |  |  | $ | 1,790 |  |  | $ | 580,306 |
Accumulated amortization |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2017 |  | $ | 75,472 |  |  | $ | 1,108 |  |  | $ | 49,034 |  |  | $ | 32,711 |  |  | $ | 1,880 |  |  | $ | 160,205 |
Amortization |  | 13,592 |  |  | 700 |  |  | 8,572 |  |  | 4,475 |  |  | — |  |  | 27,339 |
Disposals |  | — |  |  | — |  |  | — |  |  | (721 | ) |  | (90 | ) |  | (811 | )
Balance, December 30, 2018 |  | $ | 89,064 |  |  | $ | 1,808 |  |  | $ | 57,606 |  |  | $ | 36,465 |  |  | $ | 1,790 |  |  | $ | 186,733 |
Carrying amount, December 30, 2018 |  | $ | 135,425 |  |  | $ | 224,364 |  |  | $ | 11,994 |  |  | $ | 21,790 |  |  | $ | — |  |  | $ | 393,573 |
2017 | Customer contracts and customer relationships |  | Trademarks |  | License agreements |  | Computer software |  | Non-compete agreements |  | Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |
Balance, January 1, 2017 |  | $ | 205,531 |  |  | $ | 174,772 |  |  | $ | 59,498 |  |  | $ | 48,776 |  |  | $ | 1,880 |  |  | $ | 490,457 |
Additions |  | — |  |  | — |  |  | — |  |  | 2,852 |  |  | — |  |  | 2,852 |
Additions through business acquisitions |  | 18,958 |  |  | 51,400 |  |  | — |  |  | — |  |  | — |  |  | 70,358 |
Disposals |  | — |  |  | — |  |  | — |  |  | (1,857 | ) |  | — |  |  | (1,857 | )
Balance, December 31, 2017 |  | $ | 224,489 |  |  | $ | 226,172 |  |  | $ | 59,498 |  |  | $ | 49,771 |  |  | $ | 1,880 |  |  | $ | 561,810 |
Accumulated amortization |  |  |  |  |  |  |  |  |  |
Balance, January 1, 2017 |  | $ | 62,185 |  |  | $ | 125 |  |  | $ | 42,586 |  |  | $ | 29,528 |  |  | $ | 1,812 |  |  | $ | 136,236 |
Amortization |  | 13,287 |  |  | 983 |  |  | 6,448 |  |  | 4,808 |  |  | 68 |  |  | 25,594 |
Disposals |  | — |  |  | — |  |  | — |  |  | (1,625 | ) |  | — |  |  | (1,625 | )
Balance, December 31, 2017 |  | $ | 75,472 |  |  | $ | 1,108 |  |  | $ | 49,034 |  |  | $ | 32,711 |  |  | $ | 1,880 |  |  | $ | 160,205 |
Carrying amount, December 31, 2017 |  | $ | 149,017 |  |  | $ | 225,064 |  |  | $ | 10,464 |  |  | $ | 17,060 |  |  | $ | — |  |  | $ | 401,605 |
The carrying amount of internally-generated assets within computer software was $16.2 million as at December 30, 2018 and $11.7 million as at December 31, 2017. Included in computer software as at December 30, 2018 is $5.9 million (December 31, 2017 - $5.1 million) of assets not yet utilized in operations. 10. INTANGIBLE ASSETS AND GOODWILL (continued): Goodwill:
| December 30, 2018 |  |  | December 31, 2017 |
Balance, beginning of fiscal year | $ | 226,571 |  |  | $ | 202,108 |
Goodwill acquired | 692 |  |  | 24,087 |
Other | 99 |  |  | 376 |
Balance, end of fiscal year | $ | 227,362 |  |  | $ | 226,571 |
Recoverability of cash-generating units: Goodwill acquired through business acquisitions and trademarks with indefinite useful lives have been allocated to the Company's CGUs as follows:
|  | December 30, 2018 |
Textile & Sewing: |
| Goodwill | $ | 206,134 |
| Indefinite life intangible assets | 93,400 |
|  | $ | 299,534 |
Hosiery: |
| Goodwill | $ | 21,228 |
| Indefinite life intangible assets | 129,272 |
|  | $ | 150,500 |
In assessing whether goodwill and indefinite life intangible assets are impaired, the carrying amounts of the CGUs (including goodwill and indefinite life intangible assets) are compared to their recoverable amounts. The recoverable amounts of CGUs are based on the higher of the value in use and fair value less costs of disposal. The Company performed the annual impairment review for goodwill and indefinite life intangible assets during fiscal 2018, and the estimated recoverable amounts exceeded the carrying amounts of the CGUs and as a result, there was no impairment identified. Recoverable amount The Company determined the recoverable amounts of the Textile & Sewing and Hosiery CGU’s based on the fair value less costs of disposal method. The fair values of the Textile & Sewing and Hosiery CGU’s were based on a multiple applied to forecasted adjusted EBITDA for the next year, which takes into account financial forecasts approved by senior management. The key assumptions for the fair value less costs of disposal method include estimated sales volumes, selling prices, input costs, and SG&A expenses in determining future forecasted adjusted EBITDA, as well as the multiple applied to forecasted adjusted EBITDA. The adjusted EBITDA multiple was obtained by using market comparables as a reference. The values assigned to the key assumptions represent management’s assessment of future trends and have been based on historical data from external and internal sources. For the Textile & Sewing CGU, no reasonably possible change in the key assumptions used in determining the recoverable amount would result in any impairment of goodwill or indefinite life intangible assets. 10. INTANGIBLE ASSETS AND GOODWILL (continued): Hosiery CGU The key assumptions used in the estimation of the recoverable amount for the Hosiery CGU are the risk adjusted forecasted adjusted EBITDA for the next year and the adjusted EBITDA multiple of 11. The most significant assumptions that form part of the risk adjusted forecasted adjusted EBITDA for the Hosiery CGU relate to continuing sales trends, expected gross margins and the reduction in SG&A expenses arising from the internal organizational realignment initiated in December 2017. Management has identified that a reasonably possible change in forecasted adjusted EBITDA or adjusted EBITDA multiple could cause the carrying amount of the Hosiery CGU to exceed its recoverable amount. A decrease in the risk adjusted forecasted adjusted EBITDA of 10% in the Hosiery CGU, combined with a decrease in the adjusted EBITDA multiple by a factor of 2 would result in the estimated recoverable amount being equal to the carrying amount. A further decrease in the risk adjusted forecasted adjusted EBITDA or the adjusted EBITDA multiple may result in the Company recording an impairment charge relating to the Hosiery CGU.

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