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RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
12 Months Ended
Dec. 29, 2024
Presentation of leases for lessee [abstract]  
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS:
(a)Right-of-use assets:
The following table presents the right-of-use assets for the Company:
20242023
Balance, beginning of fiscal year$81,447 $77,958 
Additions34,863 18,502 
Write-downs, impairments, and accelerated depreciation(6,614)(1,657)
Depreciation (note 20)(14,128)(13,356)
Balance, end of fiscal year$95,568 $81,447 

(b)Lease obligations:
The Company’s leases are primarily for manufacturing, sales, distribution, and administrative facilities.

The following table presents lease obligations recorded in the statement of financial position:
December 29, 2024December 31, 2023
Current$17,749 $14,161 
Non-current99,671 83,900 
$117,420 $98,061 

Leases of certain facilities contain extension or termination options exercisable by the Company before the end of the non-cancellable contract period. The Company has applied judgment to determine the lease term for the contracts with renewal and termination options and has included renewal and termination options in the measurement of lease obligations when it is reasonably certain to exercise the options. The Company reassesses whether it is reasonably certain to exercise the options if there is a significant event or a significant change in circumstances within its control which impacts the original assessments made. As at December 29, 2024, potential undiscounted future lease payments related to renewal options not included in the measurement of lease obligations were $116.8 million (December 31, 2023 - $80.2 million).

The following table presents the undiscounted future minimum lease payments under non-cancellable leases (including short term leases) as at December 29, 2024:
December 29, 2024
Less than one year$25,549 
One to five years70,513 
More than five years41,319 
$137,381 

For the year ended December 29, 2024, expenses relating to short-term leases and leases of low-value assets were $3.4 million (2023 - $3.2 million).

For the year ended December 29, 2024, the total cash outflow for recognized lease obligations (including interest) was $20.0 million (2023 - $28.3 million), of which $15.2 million (2023 - $24.9 million) was included as part of cash outflows from financing activities.