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Employee benefit plans (Tables) | 12 Months Ended
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Dec. 31, 2021
Disclosure of defined benefit plans [abstract] |
Summary of defined benefit plans |
| December 31, 2021 |  | December 31, 2020
Employee benefit plan expense: |  |  |
Employee Benefit Plans | $ | 2,317 |  |  | $ | 3,036 |
Supplemental Pension Plan | — |  |  | (187) |
| $ | 2,317 |  |  | $ | 2,849 |
Actuarial losses recognized in the statement of other comprehensive income (loss) in the year, before tax | $ | (115) |  |  | $ | (3,440) |
Cumulative actuarial losses recognized in the statement of other comprehensive income (loss), before tax | $ | (29,754) |  |  | $ | (29,639) |
Summary of amounts recognised in the statement of financial position for all pension plans | The amounts recognized in the consolidated statement of financial position for all pension plans are determined as follows:
| December 31, 2021 |  | December 31, 2020
| Employee benefit plans |  |  |  | Employee benefit plans | SERP | Total
Present value of obligations | $ | (8,942) |  |  |  |  | $ | (11,109) |  | $ | (2,721) |  | $ | (13,830) |
Fair value of plan assets | — |  |  |  |  | — |  | 8,470 |  | 8,470 |
Asset (liability) on statement of financial position | $ | (8,942) |  |  |  |  | $ | (11,109) |  | $ | 5,749 |  | $ | (5,360) |
Summary of movement in the defined benefit obligation over the year | The movement in the present value of the employee benefit obligations over the years is as follows:
| 2021 |  | 2020
| Employee benefit plans | SERP | Total |  | Employee benefit plans | SERP | Total
Balance at January 1, | $ | (11,109) |  | $ | (2,721) |  | $ | (13,830) |  |  | $ | (9,317) |  | $ | (18,366) |  | $ | (27,683) |
Current service cost | (2,070) |  | — |  | (2,070) |  |  | (2,446) |  | — |  | (2,446) |
Past service cost | 113 |  | — |  | 113 |  |  | — |  | — |  | — |
Interest cost | (549) |  | — |  | (549) |  |  | (639) |  | (547) |  | (1,186) |
Actuarial (loss) gain | (115) |  | — |  | (115) |  |  | (2,664) |  | 548 |  | (2,116) |
Assets distributed on settlement (1) | — |  | — |  | — |  |  | 3,146 |  | 14,945 |  | 18,091 |
Benefit payments | 1,049 |  | 2,740 |  | 3,789 |  |  | 1,172 |  | 180 |  | 1,352 |
Exchange gain (loss) | 3,739 |  | (19) |  | 3,720 |  |  | (361) |  | 519 |  | 158 |
Balance at December 31, | $ | (8,942) |  | $ | — |  | $ | (8,942) |  |  | $ | (11,109) |  | $ | (2,721) |  | $ | (13,830) |
(1)Assets distributed on settlement are related to the wind-up and settlement of the registered pension plans and supplemental pension plans in Canada.
Summary of movement in the fair value of plan assets of the year | The movement in the fair value of plan assets over the years is as follows:
|  | 2021 |  | 2020
|  | SERP |  |  | Employee benefit plans | SERP | Total
At January 1, |  | $ | 8,470 |  |  |  | $ | 1,958 |  | $ | 24,610 |  | $ | 26,568 |
Interest income on plan assets |  | — |  |  |  | 42 |  | 736 |  | 778 |
Actuarial gain (loss) |  | — |  |  |  | 59 |  | (1,383) |  | (1,324) |
Contributions by employer |  | — |  |  |  | 1,281 |  | — |  | 1,281 |
Assets distributed on settlement (2) |  | (8,470) |  |  |  | (3,141) |  | (14,945) |  | (18,086) |
Benefit payments |  | — |  |  |  | (138) |  | (180) |  | (318) |
Exchange loss |  | — |  |  |  | (61) |  | (368) |  | (429) |
At December 31, |  | $ | — |  |  |  | $ | — |  | $ | 8,470 |  | $ | 8,470 |
(2)Assets distributed on settlement are related to the wind-up and settlement of the registered pension plans and supplemental pension plans in Canada.
Summary of principal actuarial assumptions | The principal actuarial assumptions used were as follows:
| 2021 |  | 2020
| Employee benefit plans |  |  |  | Employee benefit plans |  | SERP
| Greece | Turkey |  |  |  |  | Greece | Turkey | Canada |  | Canada
| % | % |  |  |  |  | % | % | % |  | %
Expected return on plan assets | — |  | — |  |  |  |  |  | — |  | — |  | 3.1 |  |  | 3.1 |
Discount rate - beginning of year | 0.4 |  | 12.8 |  |  |  |  |  | 0.9 |  | 13.0 |  | 3.1 |  |  | 3.1 |
Discount rate - end of year | 1.0 |  | 19.0 |  |  |  |  |  | 0.4 |  | 12.8 |  | — |  |  | 3.1 |
Rate of salary escalation | 1.7 |  | 15.0 |  |  |  |  |  | 1.7 |  | 8.5 |  | — |  |  | — |
Summary of sensitivity of the overall pension obligation to changes in the weighted principal assumptions | The sensitivity of the overall pension obligation to changes in the weighted principal assumptions is:
| Change in assumption |  | Impact on overall obligation
Discount rate | Increase by 0.5% |  | Decrease by $166
| Decrease by 0.5% |  | Increase by $199
Salary escalation rate | Increase by 0.5% |  | Increase by $194
| Decrease by 0.5% |  | Decrease by $163

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- Definition The disclosure of defined benefit plans. [Refer: Defined benefit plans [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2021-01-01 -Paragraph 138 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=19&code=ifrs-tx-2021-en-r&anchor=para_138&doctype=Standard -URIDate 2021-03-24 + Details
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- Definition The disclosure of the fair value of defined benefit plan assets. [Refer: Plan assets [member]; Defined benefit plans [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2021-01-01 -Paragraph 142 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=19&code=ifrs-tx-2021-en-r&anchor=para_142&doctype=Standard -URIDate 2021-03-24 + Details
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- Definition The disclosure of a sensitivity analysis for significant actuarial assumptions used to determine the present value of a defined benefit obligation. [Refer: Actuarial assumptions [member]; Defined benefit obligation, at present value] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2021-01-01 -Paragraph 145 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=19&code=ifrs-tx-2021-en-r&anchor=para_145&doctype=Standard -URIDate 2021-03-24 + Details
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