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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 29, 2024
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, January 1, 2023 | 746 |  |  | $ | 36.52 |
Changes in outstanding stock options: |  |  |
| Exercised | (463) |  |  | 33.01 |
Stock options outstanding, December 31, 2023 | 283 |  |  | 42.27 |
Changes in outstanding stock options: |  |  |
| Exercised | — |  |  | — |
Stock options outstanding, December 29, 2024 | 283 |  |  | $ | 42.27 |
Stock options issued in U.S. dollars and to be exercised on the NYSE:
|  | Number | Weighted exercise price (US$)
Stock options outstanding, January 1, 2023 | 1,988 |  |  | $ | 27.21 |
Changes in outstanding stock options: |  |  |
| Forfeited | (213) |  |  | 30.00
| Exercised | (1,591) |  |  | 26.62
Stock options outstanding, December 31, 2023 | 184 |  |  | 29.01 |
Changes in outstanding stock options: |  |  |
| Exercised | (184) |  |  | 29.01 |
Stock options outstanding, December 29, 2024 | — |  |  | $ | — |
Disclosure of range of exercise prices of outstanding share options | The following table summarizes information about stock options issued and outstanding and exercisable at December 29, 2024:
| Options issued and outstanding |  | Options exercisable
Exercise prices | Number | Remaining contractual life (yrs) |  | Number
CA$42.27 | 283 |  | 1 |  | 283 |
Disclosure of number and weighted average exercise prices of other equity instruments | The following table summarizes the assumptions used in the Monte-Carlo option pricing model for the stock option grant:
|  | 2024
Exercise price | $48.82
Risk-free interest rate (5 years) | 3.76%
Expected volatility | 31.81%
Expected dividend yield | 1.70%
Outstanding Treasury RSUs were as follows:
|  | Number | Weighted average fair value per unit
Treasury RSUs outstanding, January 1, 2023 | 73 |  |  | $ | 33.91 |
Changes in outstanding Treasury RSUs: |  |  |
| Granted | 3 |  |  | 29.12 |
| Granted for dividends declared | 2 |  |  | 30.98 |
| Forfeited | (17) |  |  | 29.95 |
Treasury RSUs outstanding, December 31, 2023 | 61 |  |  | 34.69 |
Changes in outstanding Treasury RSUs: |  |  |
| Granted 1 | 1,531 |  |  | 21.91 |
| Granted for dividends declared | 1 |  |  | 40.40 |
| Settled through the issuance of common shares | (20) |  |  | 31.38 |
| Forfeited | — |  |  | 37.56 |
Treasury RSUs outstanding, December 29, 2024 | 1,573 |  |  | $ | 22.30 |
1) Includes 968,068 Treasury RSUs granted to four executive officers of the Company.
Outstanding non-Treasury RSUs were as follows:
|  | Number | Weighted average fair value per unit
Non-Treasury RSUs outstanding, January 1, 2023 | 2,089 |  |  | $ | 31.63 |
Changes in outstanding non-Treasury RSUs: |  |  |
| Granted | 845 |  |  | 32.12 |
| Additional vesting for performance conditions | 493 |  |  | 27.36 |
| Granted for dividends declared | 53 |  |  | 31.09 |
| Settled - common shares | (810) |  |  | 27.08 |
| Settled - payment of withholding taxes | (524) |  |  | 27.65 |
| Forfeited | (170) |  |  | 32.10 |
| Forfeited for President & CEO | (460) |  |  | 34.89 |
Non-Treasury RSUs outstanding, December 31, 2023 | 1,516 |  |  | 33.26 |
Changes in outstanding non-Treasury RSUs: |  |  |
| Granted 1 | 787 |  |  | 38.42 |
| Additional units for vested performance conditions | 485 |  |  | 30.73 |
| Granted for dividends declared | 33 |  |  | 42.22 |
| Settled - common shares | (707) |  |  | 31.10 |
| Settled - payment of withholding taxes | (412) |  |  | 31.08 |
| Forfeited | (42) |  |  | 35.14 |
| Settled in cash for outgoing executives | (82) |  |  | 35.08 |
| Reinstated awards for President & CEO | 440 |  |  | 37.91 |
Non-Treasury RSUs outstanding, December 29, 2024 | 2,018 |  |  | $ | 36.91 |
(1) Includes 291,804 RSUs granted to three executive officers (Key management personnel) of the Company, under the Company’s annual long-term incentive program (LTIP) and for special retention awards granted to these executive officers to ensure stability and operational performance in light of the CEO transition process and proxy contest, as well as 211,659 RSUs granted to Mr. Chamandy on June 28, 2024, under the Company’s annual LTIP program, with a total grant date fair value of $8.7 million. Refer to note 22 in subsection "Key management personnel compensation" for additional information on executive compensation. Changes in outstanding DSUs were as follows:
| 2024 |  | 2023
DSUs outstanding, beginning of fiscal year | 411 |  |  | 385 |
Granted | 46 |  |  | 80 |
Granted for dividends declared | 4 |  |  | 10 |
Forfeited | — |  |  | — |
Redeemed 1 | (321) |  |  | (64) |
DSUs outstanding, end of fiscal year | 140 |  |  | 411 |
1) The redemption value of the 321 redeemed DSUs (2023 - nil) is included in accounts payable and accrued liabilities as at December 29, 2024. Refer to note 22 for additional information.
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 December 29, 2024:
| Options issued and outstanding |  | Options exercisable
Exercise prices | Number | Remaining contractual life (yrs) |  | Number
CA$42.27 | 283 |  | 1 |  | 283 |

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