PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jan. 03, 2021

Property, plant and equipment [abstract]

PROPERTY, PLANT AND EQUIPMENT:


	Land			Buildings and improvements			Manufacturing equipment			Other equipment			Assets not yet utilized in operations			Total

2020

Cost
Balance, December 29, 2019		$	120,478		$	558,847		$	1,149,837		$	171,361		$	37,670		$	2,038,193
Additions		3,812			8,549			10,826			5,657			13,794			42,638



Transfers		—			5,506			28,441			1,361			(35,308)			—
Disposals(1)		(741)			(1,438)			(118,492)			(3,619)			—			(124,290)
Balance, January 3, 2021		$	123,549		$	571,464		$	1,070,612		$	174,760		$	16,156		$	1,956,541

Accumulated depreciation
Balance, December 29, 2019		$	—		$	205,834		$	714,478		$	122,901		$	—		$	1,043,213
Depreciation		—			24,537			70,497			13,418			—			108,452


Disposals(1)		—			(304)			(94,883)			(2,750)			—			(97,937)
Write-downs and impairments		—			21			5,887			105			—			6,013
Balance, January 3, 2021		$	—		$	230,088		$	695,979		$	133,674		$	—		$	1,059,741
Carrying amount, January 3, 2021		$	123,549		$	341,376		$	374,633		$	41,086		$	16,156		$	896,800

(1) Included in disposals for fiscal 2020 are manufacturing equipment with a cost of $106.8 million and accumulated depreciation of $84.2 million that were determined to be unrepairable due to damages resulting from the two hurricanes which impacted the Company’s operations in Central America in November 2020. See note 16 (c) for additional information. 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.


	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

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 resulted in a reduction of depreciation of approximately $8.5 million in fiscal 2019, 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 resulted in a reduction of depreciation included in net earnings of approximately $17 million.

As at January 3, 2021, there were contractual purchase obligations outstanding of approximately $17.5 million for the acquisition of property, plant and equipment compared to $21.2 million as of December 29, 2019.