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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 29, 2019
List Of Accounting Policies [Abstract] |
Disclosure of interests in subsidiaries | The Company’s principal subsidiaries, their jurisdiction of incorporation, and the Company’s percentage ownership share of each are as follows:
Subsidiary | Jurisdiction of incorporation | Ownership percentage |
Gildan Activewear SRL | Barbados | 100 | %
Gildan Yarns, LLC | Delaware | 100 | %
Gildan Branded Apparel SRL | Barbados | 100 | %
Gildan Honduras Properties, S. de R.L. | Honduras | 100 | %
Gildan Apparel (Canada) LP | Ontario | 100 | %
Gildan Activewear (UK) Limited | United Kingdom | 100 | %
Gildan Textiles de Sula, S. de R.L. | Honduras | 100 | %
G.A.B. Limited | Bangladesh | 100 | %
Gildan Activewear Honduras Textile Company, S. de R.L. | Honduras | 100 | %
Gildan Activewear (Eden) Inc. | North Carolina | 100 | %
Gildan Hosiery Rio Nance, S. de R.L. | Honduras | 100 | %
Gildan Mayan Textiles, S. de R.L. | Honduras | 100 | %
Gildan Charleston Inc. | Delaware | 100 | %
Gildan Activewear Dominican Republic Textile Company Inc. | Barbados | 100 | %
Gildan Honduras Trading, S. de R. L. | Honduras | 100 | %
Disclosure of detailed information about property, plant and equipment | The cost of property, plant and equipment less its residual value, if any, is depreciated on a straight-line basis over the following estimated useful lives:
Asset | Useful life
Buildings and improvements | 5 to 40 years
Manufacturing equipment | 2 to 20 years
Other equipment | 3 to 10 years
ROPERTY, PLANT AND EQUIPMENT:
| Land |  | Buildings and improvements |  | Manufacturing equipment |  | Other equipment |  | Assets not yet utilized in operations |  | Total |
2019
Cost |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 30, 2018 |  | $ | 70,957 |  |  | $ | 550,885 |  |  | $ | 1,085,345 |  |  | $ | 159,201 |  |  | $ | 57,630 |  |  | $ | 1,924,018 |
Additions |  | 49,791 |  |  | 10,585 |  |  | 37,461 |  |  | 7,663 |  |  | 37,433 |  |  | 142,933 |
Transfers |  | — |  |  | 5,169 |  |  | 43,564 |  |  | 8,660 |  |  | (57,393 | ) |  | — |
Disposals |  | (270 | ) |  | (7,792 | ) |  | (16,533 | ) |  | (4,163 | ) |  | — |  |  | (28,758 | )
Balance, December 29, 2019 |  | $ | 120,478 |  |  | $ | 558,847 |  |  | $ | 1,149,837 |  |  | $ | 171,361 |  |  | $ | 37,670 |  |  | $ | 2,038,193 |
Accumulated depreciation |  |  |  |  |  |  |  |  |  |
Balance, December 30, 2018 |  | $ | — |  |  | $ | 181,821 |  |  | $ | 640,418 |  |  | $ | 111,304 |  |  | $ | — |  |  | $ | 933,543 |
Depreciation |  | — |  |  | 25,037 |  |  | 79,335 |  |  | 13,573 |  |  | — |  |  | 117,945 |
Disposals |  | — |  |  | (2,899 | ) |  | (11,932 | ) |  | (3,001 | ) |  | — |  |  | (17,832 | )
Write-downs and impairments |  | — |  |  | 1,875 |  |  | 6,657 |  |  | 1,025 |  |  | — |  |  | 9,557 |
Balance, December 29, 2019 |  | $ | — |  |  | $ | 205,834 |  |  | $ | 714,478 |  |  | $ | 122,901 |  |  | $ | — |  |  | $ | 1,043,213 |
Carrying amount, December 29, 2019 |  | $ | 120,478 |  |  | $ | 353,013 |  |  | $ | 435,359 |  |  | $ | 48,460 |  |  | $ | 37,670 |  |  | $ | 994,980 |
| Land |  | Buildings and improvements |  | Manufacturing equipment |  | Other equipment |  | Assets not yet utilized in operations |  | Total |
2018
Cost |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2017 |  | $ | 70,003 |  |  | $ | 512,398 |  |  | $ | 1,039,974 |  |  | $ | 175,640 |  |  | $ | 77,389 |  |  | $ | 1,875,404 |
Additions |  | 1,051 |  |  | 9,650 |  |  | 49,560 |  |  | 3,065 |  |  | 47,406 |  |  | 110,732 |
Transfers |  | — |  |  | 33,932 |  |  | 31,735 |  |  | 1,498 |  |  | (67,165 | ) |  | — |
Disposals |  | (97 | ) |  | (5,095 | ) |  | (35,924 | ) |  | (21,002 | ) |  | — |  |  | (62,118 | )
Balance, December 30, 2018 |  | $ | 70,957 |  |  | $ | 550,885 |  |  | $ | 1,085,345 |  |  | $ | 159,201 |  |  | $ | 57,630 |  |  | $ | 1,924,018 |
Accumulated depreciation |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2017 |  | $ | — |  |  | $ | 157,040 |  |  | $ | 571,847 |  |  | $ | 110,699 |  |  | $ | — |  |  | $ | 839,586 |
Depreciation |  | — |  |  | 24,781 |  |  | 91,081 |  |  | 9,935 |  |  | — |  |  | 125,797 |
Disposals |  | — |  |  | — |  |  | (22,510 | ) |  | (9,330 | ) |  | — |  |  | (31,840 | )
Balance, December 30, 2018 |  | $ | — |  |  | $ | 181,821 |  |  | $ | 640,418 |  |  | $ | 111,304 |  |  | $ | — |  |  | $ | 933,543 |
Carrying amount, December 30, 2018 |  | $ | 70,957 |  |  | $ | 369,064 |  |  | $ | 444,927 |  |  | $ | 47,897 |  |  | $ | 57,630 |  |  | $ | 990,475 |
DEPRECIATION AND AMORTIZATION:
| 2019 |  |  | 2018 |
Depreciation of property, plant and equipment (note 8) | $ | 117,945 |  |  | $ | 125,797 |
Depreciation of right-of-use assets (note 9) | 13,295 |  |  | — |
Adjustment for the variation of depreciation included in inventories at the beginning and end of the year | 3,059 |  |  | 4,940 |
Amortization of intangible assets, excluding software (note 10) | 17,289 |  |  | 22,864 |
Amortization of software (note 10) | 5,206 |  |  | 4,475 |
Depreciation and amortization included in net earnings | $ | 156,794 |  |  | $ | 158,076 |
Disclosure of detailed information about intangible assets | Intangible assets with finite lives are amortized on a straight-line basis over the following estimated useful-lives:
Asset | Useful life
Customer contracts and customer relationships | 7 to 20 years
License agreements | 3 to 10 years
Computer software | 4 to 7 years
Trademarks with a finite life | 5 years
Non-compete agreements | 2 years
Intangible assets:
2019 | Customer contracts and customer relationships |  | Trademarks |  | License agreements |  | Computer software |  | Non-compete agreements |  | Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 30, 2018 |  | $ | 224,489 |  |  | $ | 226,172 |  |  | $ | 69,600 |  |  | $ | 58,255 |  |  | $ | 1,790 |  |  | $ | 580,306 |
Additions |  | — |  |  | — |  |  | 3,150 |  |  | 11,074 |  |  | — |  |  | 14,224 |
Disposals |  | — |  |  | — |  |  | — |  |  | (206 | ) |  | — |  |  | (206 | )
Balance, December 29, 2019 |  | $ | 224,489 |  |  | $ | 226,172 |  |  | $ | 72,750 |  |  | $ | 69,123 |  |  | $ | 1,790 |  |  | $ | 594,324 |
Accumulated amortization |  |  |  |  |  |  |  |  |  |
Balance, December 30, 2018 |  | $ | 89,064 |  |  | $ | 1,808 |  |  | $ | 57,606 |  |  | $ | 36,465 |  |  | $ | 1,790 |  |  | $ | 186,733 |
Amortization |  | 12,780 |  |  | 700 |  |  | 3,809 |  |  | 5,206 |  |  | — |  |  | 22,495 |
Disposals |  | — |  |  | — |  |  | — |  |  | (18 | ) |  | — |  |  | (18 | )
Write-downs and impairments |  | — |  |  | — |  |  | — |  |  | 1,250 |  |  | — |  |  | 1,250 |
Balance, December 29, 2019 |  | $ | 101,844 |  |  | $ | 2,508 |  |  | $ | 61,415 |  |  | $ | 42,903 |  |  | $ | 1,790 |  |  | $ | 210,460 |
Carrying amount, December 29, 2019 |  | $ | 122,645 |  |  | $ | 223,664 |  |  | $ | 11,335 |  |  | $ | 26,220 |  |  | $ | — |  |  | $ | 383,864 |
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 |
DEPRECIATION AND AMORTIZATION:
| 2019 |  |  | 2018 |
Depreciation of property, plant and equipment (note 8) | $ | 117,945 |  |  | $ | 125,797 |
Depreciation of right-of-use assets (note 9) | 13,295 |  |  | — |
Adjustment for the variation of depreciation included in inventories at the beginning and end of the year | 3,059 |  |  | 4,940 |
Amortization of intangible assets, excluding software (note 10) | 17,289 |  |  | 22,864 |
Amortization of software (note 10) | 5,206 |  |  | 4,475 |
Depreciation and amortization included in net earnings | $ | 156,794 |  |  | $ | 158,076 |

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