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INCOME TAXES (Tables)
 12 Months Ended
Dec. 29, 2019
Income Taxes [Abstract]  
Reconciliation of accounting profit multiplied by applicable tax rates and average effective tax rate
The reasons for the difference and the related tax effects are as follows:
 
 
2019

 
2018

 
 
 
 
 
Earnings before income taxes
$
249,825

 
$
372,134

Applicable statutory tax rate
26.6
 %
 
26.6
%
Income taxes at applicable statutory rate
66,404

 
98,913

 
 
 
 
 
(Decrease) increase in income taxes resulting from:
 
 
 
 
Effect of different tax rates on earnings of foreign subsidiaries
(79,229
)
 
(96,013
)
 
Income tax recovery and other adjustments related to prior taxation years
197

 
979

 
Effect of changes in tax rates
—

 
2,048

 
Recognition of previously de-recognized tax benefits related to tax losses and
  temporary differences
(19,211
)
 
—

 
Non-recognition of tax benefits related to tax losses and temporary differences
16,877

 
17,169

 
Effect of non-deductible expenses and other
4,978

 
(1,736
)
Total income tax expense
$
(9,984
)
 
$
21,360

Average effective tax rate
(4.0
)%
 
5.7
%
Major components of tax expense (income)
The details of income tax expense are as follows:
 
 
2019

 
2018

 
 
 
 
 
Current income taxes, includes an expense of $99
 
 
 
  (2018 - $3,535) relating to prior taxation years
$
13,639

 
$
12,488

 
 
 
 
Deferred income taxes:
 
 
 
 
Changes in tax rates
—

 
2,048

 
Origination and reversal of temporary differences
(21,387
)
 
(7,789
)
 
Recognition of previously de-recognized tax benefits related to tax losses and
  temporary differences
(19,211
)
 
—

 
Non-recognition of tax benefits related to tax losses and temporary differences
16,877

 
17,169

 
Adjustments relating to prior taxation years
98

 
(2,556
)
 
(23,623
)
 
8,872

Total income tax expense
$
(9,984
)
 
$
21,360
Disclosure of temporary difference, unused tax losses and unused tax credits
Significant components of the Company’s deferred income tax assets and liabilities relate to the following temporary differences and unused tax losses:
 
 
December 29, 2019

 
December 30, 2018

 
 
 
Deferred income tax assets:
 
 
 
 
Non-capital losses
$
99,504

 
$
85,800

 
Non-deductible reserves and accruals
12,502

 
11,395

 
Property, plant and equipment
12,439

 
9,227

 
Other items
8,259

 
6,039

 
 
132,704

 
112,461

 
Unrecognized deferred income tax assets
(83,390
)
 
(85,724
)
Deferred income tax assets
$
49,314

 
$
26,737

 
 
 
 
 
Deferred income tax liabilities:
 
 
 
 
Property, plant and equipment
$
(30,165
)
 
$
(29,095
)
 
Intangible assets
(9,232
)
 
(10,265
)
Deferred income tax liabilities
$
(39,397
)
 
$
(39,360
)
Deferred income taxes
$
9,917

 
$
(12,623
)
The details of changes to deferred income tax assets and liabilities were as follows:
 
 
2019

 
2018

 
 
 
 
 
Balance, beginning of fiscal year, net
$
(12,623
)
 
$
(3,713
)
 
 
 
 
 
Recognized in the statements of earnings:
 
 
 
 
Non-capital losses
14,804

 
10,367

 
Non-deductible reserves and accruals
1,107

 
5,683

 
Property, plant and equipment
2,142

 
(5,267
)
 
Intangible assets
1,033

 
94

 
Other
2,203

 
(532
)
 
Changes in tax rates
—

 
(2,048
)
 
Unrecognized deferred income tax assets
2,334

 
(17,169
)
 
 
23,623

 
(8,872
)
 
 
 
 
 
Business acquisitions
(1,100
)
 
—

Other
17

 
(38
)
Balance, end of fiscal year, net
$
9,917

 
$
(12,623
)