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PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 29, 2019
Property, plant and equipment [abstract]  
PROPERTY, PLANT AND EQUIPMENT
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


Effective July 1, 2019, the Company revised the estimated useful lives of its yarn-spinning manufacturing equipment based on a re-assessment of their expected use to the Company and recent experience of their economic lives. These assets, which were previously being depreciated on a straight-line basis over 10 years, are now depreciated on a straight-line basis over 15 to 20 years depending on the nature of the equipment. The change in estimate was made on a prospective basis and resulted in a reduction of depreciation of approximately $8.5 million, of which approximately $1 million was included in cost of sales for the year ended December 29, 2019 as depreciation related to manufacturing equipment is initially included in the cost of inventories, and is charged to cost of sales when the related inventories have been sold. For fiscal 2020, the change in estimate is expected to result in a reduction of depreciation included in net earnings of approximately $17 million.

Assets not yet utilized in operations include expenditures incurred to date for plant expansions which are still in process and equipment not yet placed into service as at the end of the reporting period.

As at December 29, 2019, there were contractual purchase obligations outstanding of approximately $21.2 million for the acquisition of property, plant and equipment compared to $24.8 million as of December 30, 2018.