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SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Jan. 02, 2022
List Of Accounting Policies [Abstract]  
Disclosure of interests in subsidiaries
The Company’s principal subsidiaries, their jurisdiction of incorporation, and the Company’s percentage ownership share of each are as follows:
SubsidiaryJurisdiction of incorporationOwnership
percentage
Gildan Activewear SRLBarbados100 %
Gildan Yarns, LLCDelaware100 %
Gildan USA Inc.Delaware100 %
Gildan Honduras Properties, S. de R.L.Honduras100 %
Frontier Yarns, Inc.North Carolina100 %
Gildan Apparel (Canada) LPOntario100 %
Gildan Activewear (UK) LimitedUnited Kingdom100 %
Gildan Activewear EU SRLBelgium100 %
Gildan Textiles de Sula, S. de R.L.Honduras100 %
G.A.B. LimitedBangladesh100 %
Gildan Activewear Honduras Textile Company, S. de R.L.Honduras100 %
Gildan Activewear (Eden) Inc.North Carolina100 %
Gildan Hosiery Rio Nance, S. de R.L.Honduras100 %
Gildan Mayan Textiles, S. de R.L.Honduras100 %
Gildan Charleston Inc.Delaware100 %
Gildan Activewear Dominican Republic Textile Company Inc.Barbados100 %
Gildan Honduras Trading, S. de R. L.Honduras100 %
Gildan Choloma Textiles, S. de R. L.Honduras100 %
Disclosure of detailed information about property, plant and equipment The cost of property, plant and equipment less its residual value, if any, is depreciated on a straight-line basis over the following estimated useful lives:
AssetUseful life
Buildings and improvements
5 to 40 years
Manufacturing equipment
2 to 20 years
Other equipment
3 to 10 years
ROPERTY, PLANT AND EQUIPMENT:
LandBuildings and improvementsManufacturing equipmentOther equipmentAssets not yet utilized in operationsTotal
2021
Cost
Balance, January 3, 2021$123,549 $571,464 $1,070,612 $174,760 $16,156 $1,956,541 
Additions
3,519 4,008 44,381 5,914 73,679 131,501 
Additions through business acquisitions— 13,397 50,817 92 — 64,306 
Transfers— 4,579 8,320 276 (13,175)— 
Disposals(1)
— (10,805)(65,002)(9,895)— (85,702)
Balance, January 2, 2022$127,068 $582,643 $1,109,128 $171,147 $76,660 $2,066,646 
Accumulated depreciation
Balance, January 3, 2021$— $230,088 $695,979 $133,674 $— $1,059,741 
Depreciation
— 22,696 58,435 11,045 — 92,176 
Disposals(1)
— (7,813)(54,426)(8,139)— (70,378)
Write-downs and impairments— — — 34 — 34 
Balance, January 2, 2022$— $244,971 $699,988 $136,614 $— $1,081,573 
Carrying amount, January 2, 2022$127,068 $337,672 $409,140 $34,533 $76,660 $985,073 

LandBuildings and improvementsManufacturing equipmentOther equipmentAssets not yet utilized in operationsTotal
2020
Cost
Balance, December 29, 2019$120,478 $558,847 $1,149,837 $171,361 $37,670 $2,038,193 
Additions3,812 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 
DEPRECIATION AND AMORTIZATION:
20212020
Depreciation of property, plant and equipment (note 9)$92,176 $108,452 
Depreciation of right-of-use assets (note 10)13,973 14,656 
Adjustment for the variation of depreciation included in inventories at the beginning and end of the year11,177 3,676 
Amortization of intangible assets, excluding software (note 11)12,818 14,302 
Amortization of software (note 11)5,258 6,104 
Depreciation and amortization included in net earnings$135,402 $147,190 
Disclosure of detailed information about intangible assets Intangible assets with finite lives are amortized on a straight-line basis over the following estimated useful lives:
AssetUseful life
Customer contracts and customer relationships
7 to 20 years
License agreements
3 to 10 years
Computer software
4 to 7 years
Trademarks with a finite life5 years
Non-compete agreements2 years
Intangible assets:
2021Customer contracts and customer relationshipsTrademarksLicense agreementsComputer softwareNon-compete agreementsTotal
Cost
Balance, January 3, 2021$224,489 $226,172 $72,796 $64,295 $1,790 $589,542 
Additions— — — 3,635 — 3,635 
Disposals— — — (773)— (773)
Balance, January 2, 2022$224,489 $226,172 $72,796 $67,157 $1,790 $592,404 
Accumulated amortization
Balance, January 3, 2021$142,131 $46,351 $64,347 $45,022 $1,790 $299,641 
Amortization9,944 292 2,582 5,258 — 18,076 
Disposals— — — (484)— (484)
(Impairment reversal, net of write-downs)(3,943)(27,516)— — — (31,459)
Balance, January 2, 2022$148,132 $19,127 $66,929 $49,796 $1,790 $285,774 
Carrying amount, January 2, 2022$76,357 $207,045 $5,867 $17,361 $— $306,630 
2020Customer contracts and customer relationshipsTrademarksLicense agreementsComputer softwareNon-compete agreementsTotal
Cost
Balance, December 29, 2019$224,489 $226,172 $72,750 $69,123 $1,790 $594,324 
Additions— — 46 3,113 — 3,159 
Disposals— — — (7,941)— (7,941)
Balance, January 3, 2021$224,489 $226,172 $72,796 $64,295 $1,790 $589,542 
Accumulated amortization
Balance, December 29, 2019$101,844 $2,508 $61,415 $42,903 $1,790 $210,460 
Amortization10,670 700 2,932 6,104 — 20,406 
Disposals— — — (3,985)— (3,985)
Write-downs and impairments29,617 43,143 — — — 72,760 
Balance, January 3, 2021$142,131 $46,351 $64,347 $45,022 $1,790 $299,641 
Carrying amount, January 3, 2021$82,358 $179,821 $8,449 $19,273 $— $289,901 
DEPRECIATION AND AMORTIZATION:
20212020
Depreciation of property, plant and equipment (note 9)$92,176 $108,452 
Depreciation of right-of-use assets (note 10)13,973 14,656 
Adjustment for the variation of depreciation included in inventories at the beginning and end of the year11,177 3,676 
Amortization of intangible assets, excluding software (note 11)12,818 14,302 
Amortization of software (note 11)5,258 6,104 
Depreciation and amortization included in net earnings$135,402 $147,190