BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Jan. 02, 2022

Disclosure of detailed information about business combinations

The preliminary determination of the fair value of net assets acquired and liabilities assumed arising from the acquisition are as follows:



Assets acquired:



	Inventories	$	23,799
	Prepaid expenses, deposits and other current assets(1)	29,845
	Property, plant and equipment	64,306
	Right-of-use assets	43,539
	Other non-current assets	9
		161,498
Liabilities assumed:
	Accounts payable and accrued liabilities	(30,191)
	Current portion of lease obligations	(1,940)

	Lease obligations	(41,599)

	Deferred income taxes	(979)
		(74,709)

Goodwill		77,179
Net assets acquired at fair value		$	163,968
Cash consideration paid at closing, net of cash acquired		167,040
Settlement of pre-existing relationships		(3,072)
		$	163,968

(1) Includes $26.2 million of trade receivables of Frontier Yarns, that have been classified in Prepaid expenses, deposits and other current assets in the consolidated statement of financial position of the Company.