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INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL (Tables) | 12 Months Ended
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Dec. 29, 2024
Intangible assets [Abstract] |
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:
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:
2024 | Customer contracts and customer relationships | Trademarks | License agreements | Computer software | Non-compete agreements | Total
Cost |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2023 |  | $ | 224,489 |  |  | $ | 226,172 |  |  | $ | 70,450 |  |  | $ | 73,900 |  |  | $ | — |  |  | $ | 595,011 |
Additions |  | — |  |  | — |  |  | — |  |  | 5,153 |  |  | — |  |  | 5,153 |
Disposals |  | — |  |  | — |  |  | — |  |  | (2,740) |  |  | — |  |  | (2,740) |
Balance, December 29, 2024 |  | $ | 224,489 |  |  | $ | 226,172 |  |  | $ | 70,450 |  |  | $ | 76,313 |  |  | $ | — |  |  | $ | 597,424 |
Accumulated amortization |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2023 |  | $ | 183,251 |  |  | $ | 22,480 |  |  | $ | 70,040 |  |  | $ | 57,821 |  |  | $ | — |  |  | $ | 333,592 |
Amortization (note 20) |  | 7,694 |  |  | — |  |  | 410 |  |  | 5,136 |  |  | — |  |  | 13,240 |
Disposals |  | — |  |  | — |  |  | — |  |  | (2,727) |  |  | — |  |  | (2,727) |
Balance, December 29, 2024 |  | $ | 190,945 |  |  | $ | 22,480 |  |  | $ | 70,450 |  |  | $ | 60,230 |  |  | $ | — |  |  | $ | 344,105 |
Carrying amount, December 29, 2024 |  | $ | 33,544 |  |  | $ | 203,692 |  |  | $ | — |  |  | $ | 16,083 |  |  | $ | — |  |  | $ | 253,319 |
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 20) |  | 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 |
DEPRECIATION AND AMORTIZATION:
| 2024 |  | 2023
Depreciation of property, plant and equipment (note 8) | $ | 111,132 |  |  | $ | 101,161 |
Depreciation of right-of-use assets (note 9) | 14,128 |  |  | 13,356 |
Adjustment for the variation of depreciation included in inventories at the beginning and end of the year | (298) |  |  | (6,716) |
Amortization of intangible assets, excluding software (note 10) | 8,104 |  |  | 8,275 |
Amortization of software (note 10) | 5,136 |  |  | 5,568 |
Depreciation and amortization included in net earnings | $ | 138,202 |  |  | $ | 121,644 |
Disclosure of reconciliation of changes in intangible assets and goodwill | Goodwill:
| 2024 |  | 2023
Balance, beginning of fiscal year | $ | 271,677 |  |  | $ | 271,677 |
Goodwill acquired (disposed) | — |  |  | — |
Balance, end of fiscal year | $ | 271,677 |  |  | $ | 271,677 |
Disclosure of information for cash-generating units | Goodwill acquired through business acquisitions and intangibles have been allocated to the Company's CGUs as follows:
|  | December 29, 2024 |  | December 31, 2023
Textile & Sewing: |  |  |
| Goodwill | $ | 271,677 |  |  | $ | 271,677 |
| Definite life intangible assets (excluding computer software) | 10,987 |  |  | 15,134 |
| Indefinite life intangible assets | 93,400 |  |  | 93,400 |
|  | $ | 376,064 |  |  | $ | 380,211 |
Hosiery: |  |  |
| Definite life intangible assets (excluding computer software) | $ | 22,557 |  |  | $ | 26,514 |
| Indefinite life intangible assets | 110,292 |  |  | 110,292 |
|  | $ | 132,849 |  |  | $ | 136,806 |

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