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SHARE-BASED COMPENSATION (Tables)

12 Months Ended

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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Share-based Payment Arrangements [Abstract]

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The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options).

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