XML 70 R51.htm IDEA: XBRL DOCUMENT
v3.22.0.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Jan. 02, 2022
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:
|  | 2021 |  | 2020
Earnings (loss) before income taxes | $ | 624,558 |  |  | $ | (229,373) |
Applicable statutory tax rate | 26.5 | % |  | 26.5 | %
Income taxes at applicable statutory rate | 165,508 |  |  | (60,784) |
Increase (decrease) in income taxes resulting from: |  |  |
| Effect of different tax rates and additional income taxes in other jurisdictions | (157,321) |  |  | 36,397 |
| Income tax and other adjustments related to prior taxation years | 73 |  |  | (1,417) |
| Recognition of previously de-recognized tax benefits related to tax losses and temporary differences | (8,593) |  |  | (5,150) |
| Non-recognition of tax benefits related to tax losses and temporary differences | 11,035 |  |  | 22,451 |
| Effect of non-deductible expenses and other | 6,673 |  |  | 4,412 |
Total income tax expense (recovery) | $ | 17,375 |  |  | $ | (4,091) |
Average effective tax rate | 2.8 | % |  | 1.8 | %
Major components of tax expense (income) | The details of income tax expense are as follows:
|  | 2021 |  | 2020
Current income taxes, includes a recovery of $1,061 (2020 - $1,511) relating to prior taxation years | $ | 18,340 |  |  | $ | 3,633 |
Deferred income taxes: |  |  |
| Origination and reversal of temporary differences | (4,541) |  |  | (25,119) |
| Recognition of previously de-recognized tax benefits related to tax losses and temporary differences | (8,593) |  |  | (5,150) |
| Non-recognition of tax benefits related to tax losses and temporary differences | 11,035 |  |  | 22,451 |
| Adjustments relating to prior taxation years | 1,134 |  |  | 94 |
| (965) |  |  | (7,724) |
Total income tax expense (recovery) | $ | 17,375 |  |  | $ | (4,091) |
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:
|  | January 2, 2022 |  | January 3, 2021
Deferred income tax assets: |  |  |
| Non-capital losses | $ | 102,138 |  |  | $ | 99,659 |
| Non-deductible reserves and accruals | 26,304 |  |  | 28,211 |
| Property, plant and equipment | 16,434 |  |  | 15,319 |
| Other items | 7,730 |  |  | 7,455 |
|  | 152,606 |  |  | 150,644 |
| Unrecognized deferred income tax assets | (102,749) |  |  | (100,424) |
Deferred income tax assets | $ | 49,857 |  |  | $ | 50,220 |
Deferred income tax liabilities: |  |  |
| Property, plant and equipment | $ | (34,668) |  |  | $ | (28,643) |
| Intangible assets | 2,537 |  |  | (3,888) |
Deferred income tax liabilities | $ | (32,131) |  |  | $ | (32,531) |
Deferred income taxes | $ | 17,726 |  |  | $ | 17,689 |
The details of changes to deferred income tax assets and liabilities were as follows:
|  | 2021 |  | 2020
Balance, beginning of fiscal year, net | $ | 17,689 |  |  | $ | 9,917 |
Recognized in the statements of earnings: |  |  |
| Non-capital losses | 3,462 |  |  | 155 |
| Non-deductible reserves and accruals | (1,944) |  |  | 16,044 |
| Property, plant and equipment | (4,909) |  |  | 4,400 |
| Intangible assets | 6,425 |  |  | 5,344 |
| Other | 274 |  |  | (825) |
| Unrecognized deferred income tax assets | (2,343) |  |  | (17,394) |
|  | 965 |  |  | 7,724 |
Business acquisitions | (979) |  |  | — |
Other | 51 |  |  | 48 |
Balance, end of fiscal year, net | $ | 17,726 |  |  | $ | 17,689 |

X
- Definition Disclosure Of Major Components Of Tax Expense (Income) [Table Text Block] + References No definition available. + Details
Name: | gil_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock
Namespace Prefix: | gil_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Income Taxes [Abstract] + References No definition available. + Details
Name: | gil_IncomeTaxesAbstract
Namespace Prefix: | gil_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reconciliation Of Accounting Profit Multiplied By Applicable Tax Rates And Average Effective Tax Rate [Table Text Block] + References No definition available. + Details
Name: | gil_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAndAverageEffectiveTaxRateTableTextBlock
Namespace Prefix: | gil_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2021-01-01 -Paragraph 81 -Subparagraph g -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=12&code=ifrs-tx-2021-en-r&anchor=para_81_g&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration