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SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2023
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 LLCDelaware100 %
Gildan Honduras Properties, S. de R.L.Honduras100 %
Frontier Yarns, Inc.North Carolina100 %
Gildan Activewear EU SRLBelgium100 %
Gildan Textiles de Sula, S. de R.L.Honduras100 %
G.A.B. LimitedBangladesh100 %
SDS International LimitedBangladesh100 %
Gildan Activewear (Eden) Inc.North Carolina100 %
Gildan Hosiery Rio Nance, S. de R.L.Honduras100 %
Gildan Mayan Textiles, S. de R.L.Honduras100 %
Gildan Activewear Dominican Republic Textile Company Inc.Barbados100 %
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(1)
5 to 40 years
Manufacturing equipment(2)
2 to 20 years
Other equipment
3 to 10 years
(1) The majority of the Company's buildings are depreciated over a 30 to 40 year period.
(2) The majority of the Company's manufacturing equipment is depreciated over a 15 to 20 year period.
PROPERTY, PLANT AND EQUIPMENT:
LandBuildings and improvementsManufacturing equipmentOther equipmentAssets not yet utilized in operationsTotal
2023
Cost
Balance, January 1, 2023$130,940 $591,302 $1,205,601 $175,366 $172,754 $2,275,963 
Additions
2,910 28,661 31,337 6,659 126,126 195,693 
Transfers— 11,024 97,684 4,921 (113,629)— 
Disposals(1)
(4,281)(29,501)(20,662)(14,718)— (69,162)
Balance, December 31, 2023$129,569 $601,486 $1,313,960 $172,228 $185,251 $2,402,494 
Accumulated depreciation
Balance, January 1, 2023$— $263,383 $756,317 $141,094 $— $1,160,794 
Depreciation (note 21)— 23,493 66,694 10,974 — 101,161 
Disposals(1)
— (3,551)(16,925)(13,500)— (33,976)
Balance, December 31, 2023$— $283,325 $806,086 $138,568 $— $1,227,979 
Carrying amount, December 31, 2023$129,569 $318,161 $507,874 $33,660 $185,251 $1,174,515 

LandBuildings and improvementsManufacturing equipmentOther equipmentAssets not yet utilized in operationsTotal
2022
Cost
Balance, January 2, 2022$127,068 $582,643 $1,109,128 $171,147 $76,660 $2,066,646 
Additions4,321 22,578 48,665 8,375 158,595 242,534 
Transfers— (8,128)67,782 2,847 (62,501)— 
Disposals(1)
(449)(5,791)(19,974)(7,003)— (33,217)
Balance, January 1, 2023$130,940 $591,302 $1,205,601 $175,366 $172,754 $2,275,963 
Accumulated depreciation
Balance, January 2, 2022$— $244,971 $699,988 $136,614 $— $1,081,573 
Depreciation (note 21)— 23,872 67,185 11,257 — 102,314 
Disposals(1)
— (5,460)(10,856)(6,777)— (23,093)
Balance, January 1, 2023$— $263,383 $756,317 $141,094 $— $1,160,794 
Carrying amount, January 1, 2023$130,940 $327,919 $449,284 $34,272 $172,754 $1,115,169 
(1) Disposals include the write-off of certain equipment relating to facility closures. See note 18 "Restructuring and acquisition-related costs" for additional information. During fiscal 2022, disposals also included manufacturing equipment with a cost of $7.8 million and accumulated depreciation of $2.0 million related to the sale of Frontier Yarns - Plant 3. See note 5 for additional information.
DEPRECIATION AND AMORTIZATION:
20232022
Depreciation of property, plant and equipment (note 9)$101,161 $102,314 
Depreciation of right-of-use assets (note 10)13,356 14,777 
Adjustment for the variation of depreciation included in inventories at the beginning and end of the year(6,716)(11,317)
Amortization of intangible assets, excluding software (note 11)8,275 13,755 
Amortization of software (note 11)5,568 5,397 
Depreciation and amortization included in net earnings$121,644 $124,926 
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:
2023Customer contracts and customer relationshipsTrademarksLicense agreementsComputer softwareNon-compete agreementsTotal
Cost
Balance, January 1, 2023$224,489 $226,172 $70,450 $70,574 $1,790 $593,475 
Additions— — — 4,592 — 4,592 
Disposals— — — (1,266)(1,790)(3,056)
Balance, December 31, 2023$224,489 $226,172 $70,450 $73,900 $— $595,011 
Accumulated amortization
Balance, January 1, 2023$184,421 $55,447 $68,398 $53,468 $1,790 $363,524 
Amortization (note 21)6,633 — 1,642 5,568 — 13,843 
Disposals— — — (1,215)(1,790)(3,005)
Impairment reversal(7,803)(32,967)— — — (40,770)
Balance, December 31, 2023$183,251 $22,480 $70,040 $57,821 $— $333,592 
Carrying amount, December 31, 2023$41,238 $203,692 $410 $16,079 $— $261,419 
2022Customer contracts and customer relationshipsTrademarksLicense agreementsComputer softwareNon-compete agreementsTotal
Cost
Balance, January 2, 2022$224,489 $226,172 $72,796 $67,157 $1,790 $592,404 
Additions— — — 5,205 — 5,205 
Disposals— — (2,346)(1,788)— (4,134)
Balance, January 1, 2023$224,489 $226,172 $70,450 $70,574 $1,790 $593,475 
Accumulated amortization
Balance, January 2, 2022$148,132 $19,127 $66,929 $49,796 $1,790 $285,774 
Amortization (note 21)11,194 — 2,561 5,397 — 19,152 
Disposals— — (1,967)(1,725)— (3,692)
Write-downs and impairments25,095 36,320 875 — — 62,290 
Balance, January 1, 2023$184,421 $55,447 $68,398 $53,468 $1,790 $363,524 
Carrying amount, January 1, 2023$40,068 $170,725 $2,052 $17,106 $— $229,951 
DEPRECIATION AND AMORTIZATION:
20232022
Depreciation of property, plant and equipment (note 9)$101,161 $102,314 
Depreciation of right-of-use assets (note 10)13,356 14,777 
Adjustment for the variation of depreciation included in inventories at the beginning and end of the year(6,716)(11,317)
Amortization of intangible assets, excluding software (note 11)8,275 13,755 
Amortization of software (note 11)5,568 5,397 
Depreciation and amortization included in net earnings$121,644 $124,926