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FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 30, 2018
Financial Instruments [Abstract] |
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [text block] | Hedging components of other comprehensive income (“OCI”):
| 2018 |  |  | 2017 |
Net gain (loss) on derivatives designated as cash flow hedges: |  |  |
Foreign currency risk | $ | 6,740 |  |  | $ | (6,076 | )
Commodity price risk | 698 |  |  | 11,087 |
Interest rate risk | 102 |  |  | 425 |
Income taxes | (67 | ) |  | 60 |
Amounts reclassified from OCI to inventory, related to commodity price risk | (13,303 | ) |  | (33,294 | )
Amounts reclassified from OCI to net earnings, related to foreign currency risk, and included in: |  |  |
Net sales | (1,864 | ) |  | 1,626 |
Cost of sales | (307 | ) |  | (1,042 | )
Selling, general and administrative expenses | 51 |  |  | (2,087 | )
Financial expenses, net | (2,224 | ) |  | 2,234 |
Income taxes | 16 |  |  | (4 | )
Cash flow hedging loss | $ | (10,158 | ) |  | $ | (27,071 | )
Disclosure of detailed information about financial instruments | The carrying amounts and fair values of financial assets and liabilities included in the consolidated statements of financial position are as follows:
| December 30, 2018 |  |  | December 31, 2017 |
Financial assets |  |  |
Amortized cost: |  |  |
Cash and cash equivalents | $ | 46,657 |  |  | $ | 52,795 |
Trade accounts receivable | 317,159 |  |  | 243,365 |
Financial assets included in prepaid expenses, deposits and other current assets | 39,789 |  |  | 28,711 |
Long-term non-trade receivables included in other non-current assets | 2,771 |  |  | 2,781 |
Derivative financial assets included in prepaid expenses, deposits and other current assets | 17,792 |  |  | 16,920 |
Financial liabilities |  |  |
Amortized cost: |  |  |
Accounts payable and accrued liabilities (1) | $ | 332,543 |  |  | $ | 255,832 |
Long-term debt - bearing interest at variable rates | 469,000 |  |  | 430,000 |
Long-term debt - bearing interest at fixed rates (2) | 200,000 |  |  | 200,000 |
Derivative financial liabilities included in accounts payable and accrued liabilities | 14,442 |  |  | 2,644 |
(1) Accounts payable and accrued liabilities include balances payable of $33.0 million (December 31, 2017 - nil) under supply-chain financing arrangements (reverse factoring) with a financial institution, whereby receivables due from the Company to certain suppliers can be collected by the suppliers from a financial institution before their original due date. These balances are classified as accounts payable and accrued liabilities and the related payments as cash flows from operating activities, given the principal business purpose of the arrangement is to provide funding to the supplier and not the Company, the arrangement does not significantly extend the payment terms beyond the normal terms agreed with other suppliers, and no additional deferral or special guarantees to secure the payments are included in the arrangement. (2) The fair value of the long-term debt bearing interest at fixed rates was $189.5 million as at December 30, 2018 (December 31, 2017 - $197.6 million).
Disclosure of detailed information about hedging instruments | The following table summarizes the Company’s commitments to buy and sell foreign currencies as at December 30, 2018:
|  |  |  |  |  |  | Carrying and fair value |  | Maturity
|  | Notional foreign |  | Average |  | Notional |  | Prepaid expenses, |  | Accounts |  |  |
|  | currency amount |  | exchange |  | U.S. $ |  | deposits and other |  | payable and |  |  | 0 to 12 |
| equivalent |  | rate |  | equivalent |  | current assets |  | accrued liabilities |  |  | months |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Forward foreign exchange contracts: |  |  |  |  |  |  |  |  |  |
| Sell GBP/Buy USD |  | 28,510 |  |  | 1.3224 |  |  | $ | 37,703 |  |  | $ | 1,366 |  |  | $ | — |  |  | $ | 1,366 |
| Sell EUR/Buy USD |  | 31,578 |  |  | 1.1892 |  |  | 37,551 |  |  | 1,004 |  |  | (19 | ) |  | 985 |
| Sell CAD/Buy USD |  | 33,114 |  |  | 0.7784 |  |  | 25,776 |  |  | 1,369 |  |  | — |  |  | 1,369 |
| Buy CAD/Sell USD |  | 62,921 |  |  | 0.7583 |  |  | 47,712 |  |  | — |  |  | (1,180 | ) |  | (1,180 | )
| Sell AUD/Buy USD |  | 7,941 |  |  | 0.7304 |  |  | 5,800 |  |  | 198 |  |  | — |  |  | 198 |
| Buy MXN/Sell USD |  | 79,275 |  |  | 0.0475 |  |  | 3,766 |  |  | 162 |  |  | — |  |  | 162 |
|  |  |  |  |  |  | $ | 158,308 |  |  | $ | 4,099 |  |  | $ | (1,199 | ) |  | $ | 2,900 |
The following table summarizes the Company's commodity contracts outstanding as at December 30, 2018:
|  |  |  | Carrying and fair value |  | Maturity
|  |  |  |  | Prepaid expenses, |  | Accounts |  |  |
| Type of |  |  |  | deposits and other |  | payable and |  |  | 0 to 12 |
| commodity | Notional amount (1) |  | current assets |  | accrued liabilities |  |  | months |
Cash flow hedges: |  |  |  |  |  |  |  |  |
Forward contracts | Cotton | 76.0 million pounds |  |  | $ | 336 |  |  | $ | (3,173 | ) |  | $ | (2,837 | )
Swap contracts | Synthetic fibres | 147.7 million pounds |  |  | — |  |  | (5,516 | ) |  | (5,516 | )
Swap & option contracts | Energy | 290,000 barrels |  |  | 145 |  |  | (2,469 | ) |  | (2,324 | )
|  |  |  |  |  | $ | 481 |  |  | $ | (11,158 | ) |  | $ | (10,677 | )
(1) Notional amounts are not in thousands. The following table summarizes the Company’s floating-to-fixed interest rate swap contracts outstanding as at December 30, 2018:
|  |  |  |  |  | Carrying and fair value
| Notional |  |  |  |  |  | Prepaid expenses, |  | Accounts |
| amount of |  | Maturity |  | Fixed |  | Floating | deposits and other |  | payable and |
| borrowings |  | date | Pay / Receive | rate |  | rate | current assets |  | accrued liabilities |
Cash flow hedges: |  |  |  |  |  |  |  |
| $ | 150,000 |  | June 17, 2021 | Pay fixed rate / receive floating rate | 0.96 | % | US LIBOR |  | $ | 5,500 |  |  | $ | — |
| 75,000 |  | April 30, 2023 | Pay fixed rate / receive floating rate | 2.85 | % | US LIBOR |  | — |  |  | (521 | )
| 50,000 |  | August 25, 2023 | Pay fixed rate / receive floating rate | 1.18 | % | US LIBOR |  | 3,070 |  |  | — |
| 50,000 |  | August 25, 2026 | Pay fixed rate / receive floating rate | 1.34 | % | US LIBOR |  | 4,382 |  |  | — |
|  |  |  |  |  |  | $ | 12,952 |  |  | $ | (521 | )
Disclosure of detailed information about financial expenses, net | Financial expenses, net:
| 2018 |  |  | 2017 |
Interest expense on financial liabilities recorded at amortized cost (1) | $ | 24,757 |  |  | $ | 17,126 |
Bank and other financial charges | 7,472 |  |  | 8,025 |
Interest accretion on discounted provisions | 299 |  |  | 311 |
Foreign exchange gain | (1,483 | ) |  | (1,276 | )
| $ | 31,045 |  |  | $ | 24,186 |
(1) Net of capitalized borrowing costs of $0.7 million (2017 - $1.2 million).
Disclosure of detailed information about hedged items [text block] | The following table summarizes the Company’s hedged items as at December 30, 2018:
|  |  |  |  |  | Change in |  |  |
|  | Carrying amount of |  |  | value used for |  |  | Cash flow |
|  |  | the hedged item |  |  | calculating hedge |  |  | hedge reserve |
|  |  | Assets |  |  | Liabilities |  |  | ineffectiveness |  |  | (AOCI) |
Cash flow hedges: |  |  |  |  |  |  |  |
Foreign currency risk: |  |  |  |  |  |  |  |
| Forecast sales |  | $ | — |  |  | $ | — |  |  | $ | 2,752 |  |  | $ | (2,752 | )
| Forecast expenses |  | — |  |  | — |  |  | (897 | ) |  | 897 |
Commodity risk: |  |  |  |  |  |  |  |
| Forecast purchases |  | — |  |  | — |  |  | (10,677 | ) |  | 10,677 |
Interest rate risk: |  |  |  |  |  |  |  |
| Forecast interest payments |  | — |  |  | — |  |  | 12,204 |  |  | (12,204 | )
|  |  | $ | — |  |  | $ | — |  |  | $ | 3,382 |  |  | $ | (3,382 | )

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