INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Dec. 31, 2023

Intangible assets with finite lives are amortized on a straight-line basis over the following estimated useful lives:


Asset			Useful 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 life			5 years
Non-compete agreements			2 years

Intangible assets:


2023	Customer contracts and customer relationships			Trademarks			License agreements			Computer software			Non-compete agreements			Total

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


2022	Customer contracts and customer relationships			Trademarks			License agreements			Computer software			Non-compete agreements			Total

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 impairments		25,095			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:


	2023		2022

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

Goodwill:


	2023		2022

Balance, beginning of fiscal year	$	271,677	$	283,815
Goodwill acquired (disposed)	—		(13,892)

Purchase price allocation adjustment	—		1,754
Balance, end of fiscal year	$	271,677	$	271,677

Goodwill acquired through business acquisitions and intangibles have been allocated to the Company's CGUs as follows:


		December 31, 2023		January 1, 2023


Textile & Sewing:
	Goodwill	$	271,677	$	271,677
	Definite life intangible assets (excluding computer software)	15,134		19,282
	Indefinite life intangible assets	93,400		93,400
		$	380,211	$	384,359

Hosiery:

	Definite life intangible assets (excluding computer software)	$	26,514	$	22,838
	Indefinite life intangible assets	110,292		77,325
		$	136,806	$	100,163