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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Jan. 02, 2022
Share-based Payment Arrangements [Abstract] |
Disclosure of number and weighted average exercise prices of share options | Outstanding stock options were as follows: Stock options issued in Canadian dollars and to be exercised on the TSX:
|  | Number | Weighted exercise price (CA$)
Stock options outstanding, December 29, 2019 | 1,550 |  |  | $ | 35.65 |
Changes in outstanding stock options: |  |  |
| Exercised | (87) |  |  | 24.22 |
Stock options outstanding, January 3, 2021 | 1,463 |  |  | 36.33 |
Changes in outstanding stock options: |  |  |
| Exercised | (227) |  |  | 33.48 |
Stock options outstanding, January 2, 2022 | 1,236 |  |  | $ | 36.85 |
Stock options issued in U.S. dollars and to be exercised on the NYSE:
|  | Number | Weighted exercise price (US$)
Stock options outstanding, December 29, 2019 | 669 |  |  | $ | 29.01 |
Changes in outstanding stock options: |  |  |
| Granted | 1,387 |  |  | 26.43 |
Stock options outstanding, January 3, 2021 | 2,056 |  |  | 27.27 |
Changes in outstanding stock options: |  |  |
| Forfeited | (68) |  |  | 29.01 |
Stock options outstanding, January 2, 2022 | 1,988 |  |  | $ | 27.21 |
The following table summarizes the average values for the assumptions used in the Black-Scholes option pricing model for the stock option grants for fiscal 2020:
| 2020
Exercise price | US$26.43
Risk-free interest rate | 0.39%
Expected volatility | 36.47%
Expected life | 5 years
Expected dividend yield | 2.57%
No new grants during fiscal 2021.
Disclosure of range of exercise prices of outstanding share options | The following table summarizes information about stock options issued and outstanding and exercisable at January 2, 2022:
| Options issued and outstanding |  | Options exercisable
Exercise prices | Number | Remaining contractual life (yrs) |  | Number
CA$30.46 | 43 |  | 0 |  | 43 |
CA$33.01 | 463 |  | 2 |  | 463 |
CA$38.01 | 447 |  | 1 |  | 447 |
CA$42.27 | 283 |  | 4 |  | 283 |
| 1,236 |  |  |  | 1,236 |
US$20.77 | 537 |  | 6 |  | — |
US$29.01 | 601 |  | 3 |  | 434 |
US$30.00 | 850 |  | 6 |  | — |
| 3,224 |  |  |  | 1,670 |
Disclosure of number and weighted average exercise prices of other equity instruments | The following table summarizes the assumptions used in the option pricing model for the SARs granted in fiscal 2020:
| 2020
Exercise price | US$30
Risk-free interest rate | 0.22%
Expected volatility | 43.86%
Expected life | 3 years
Expected dividend yield | 2.32%
No new grants during fiscal 2021. Outstanding Treasury RSUs were as follows:
|  | Number | Weighted average fair value per unit
Treasury RSUs outstanding, December 29, 2019 | 114 |  |  | $ | 31.42 |
Changes in outstanding Treasury RSUs: |  |  |
| Granted for dividends declared | 1 |  |  | 12.58 |
| Settled through the issuance of common shares | (72) |  |  | 31.65 |
Treasury RSUs outstanding, January 3, 2021 | 43 |  |  | 30.47 |
Changes in outstanding Treasury RSUs: |  |  |
| Granted | 5 |  |  | 36.45 |
| Granted for dividends declared | 1 |  |  | 37.93 |
| Settled through the issuance of common shares | (5) |  |  | 29.68 |
| Forfeited | (21) |  |  | 29.95 |
Treasury RSUs outstanding, January 2, 2022 | 23 |  |  | $ | 32.55 |
Outstanding non-Treasury RSUs were as follows:
|  | Number | Weighted average fair value per unit
Non-Treasury RSUs outstanding, December 29, 2019 | 1,422 |  |  | $ | 31.42 |
Changes in outstanding non-Treasury RSUs: |  |  |
| Granted | 967 |  |  | 25.47 |
| Granted for dividends declared | 25 |  |  | 12.58 |
| Settled - common shares | (128) |  |  | 29.06 |
| Settled - payment of withholding taxes | (67) |  |  | 29.16 |
| Forfeited | (342) |  |  | 25.70 |
Non-Treasury RSUs outstanding, January 3, 2021 | 1,877 |  |  | 29.38 |
Changes in outstanding non-Treasury RSUs: |  |  |
| Granted | 733 |  |  | 30.38 |
| Granted for dividends declared | 25 |  |  | 37.69 |
| Settled - common shares | (127) |  |  | 25.14 |
| Settled - payment of withholding taxes | (70) |  |  | 25.48 |
| Forfeited | (492) |  |  | 32.46 |
Non-Treasury RSUs outstanding, January 2, 2022 | 1,946 |  |  | $ | 29.50 |
Changes in outstanding DSUs were as follows:
| 2021 |  | 2020
DSUs outstanding, beginning of fiscal year | 301 |  |  | 235 |
Granted | 58 |  |  | 90 |
Granted for dividends declared | 4 |  |  | 2 |
Redeemed | (50) |  |  | (26) |
DSUs outstanding, end of fiscal year | 313 |  |  | 301 |
Disclosure of number and weighted average remaining contractual life of outstanding share options | The following table summarizes information about stock options issued and outstanding and exercisable at January 2, 2022:
| Options issued and outstanding |  | Options exercisable
Exercise prices | Number | Remaining contractual life (yrs) |  | Number
CA$30.46 | 43 |  | 0 |  | 43 |
CA$33.01 | 463 |  | 2 |  | 463 |
CA$38.01 | 447 |  | 1 |  | 447 |
CA$42.27 | 283 |  | 4 |  | 283 |
| 1,236 |  |  |  | 1,236 |
US$20.77 | 537 |  | 6 |  | — |
US$29.01 | 601 |  | 3 |  | 434 |
US$30.00 | 850 |  | 6 |  | — |
| 3,224 |  |  |  | 1,670 |

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- Definition The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 2 -IssueDate 2021-01-01 -Paragraph 45 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_45&doctype=Standard -URIDate 2021-03-24 + Details
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- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2021-01-01 -Paragraph 45 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_45_b&doctype=Standard -URIDate 2021-03-24 + Details
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- Definition The disclosure of the number and weighted average remaining contractual life of outstanding share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2021-01-01 -Paragraph 45 -Subparagraph d -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_45_d&doctype=Standard -URIDate 2021-03-24 + Details
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