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FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (Tables)

12 Months Ended

Mar. 31, 2024

Financial instruments [Abstract]

Disclosure of financial assets

Categories of financial instruments: The carrying values of the Company’s financial instruments are classified into the following categories:

As at																					March 31, 2024
			Fair value through profit or loss						Amortized cost						Fair value through other comprehensive income						Total carrying value
Financial assets:
Cash and cash equivalents (i)			$	—					$	170,177					$	—					$	170,177
Trade accounts receivable			—						437,329						—						437,329
Financial liabilities:
Bank indebtedness			—						(4,060)						—						(4,060)
Trade accounts payable and accrued liabilities			—						(535,844)						—						(535,844)
Long-term debt			—						(1,171,972)						—						(1,171,972)
Derivative instruments:
Held for trading derivatives that are not designated in hedge accounting relationships – gain (ii)			600						—						—						600
Derivative instruments in designated hedge accounting relationships – gain (ii)			—						—						2,290						2,290
Cross-currency interest rate swap – gain (iii)			—						—						3,103						3,103
Interest rate swap instrument – gain (iii)			—						—						1,198						1,198

As at																					March 31, 2023
			Fair value  through profit or loss						Amortized cost						Fair value through other comprehensive income						Total  carrying value
Financial assets:
Cash and cash equivalents (i)			$	—					$	159,867					$	—					$	159,867
Trade accounts receivable			—						368,855						—						368,855
Financial liabilities:
Bank indebtedness			—						(5,824)						—						(5,824)
Trade accounts payable and accrued liabilities			—						(601,094)						—						(601,094)
Long-term debt			—						(1,155,786)						—						(1,155,786)
Derivative instruments:
Held for trading derivatives that are not designated in hedge accounting relationships – gain (ii)			1,024						—						—						1,024
Derivative instruments in designated hedge accounting relationships – loss (ii)			—						—						(4,860)						(4,860)
Cross-currency interest rate swap – gain (iii)			—						—						5,469						5,469
Interest rate swap instrument – gain (iii)			—						—						467						467

Disclosure of financial liabilities

Categories of financial instruments: The carrying values of the Company’s financial instruments are classified into the following categories:

As at																					March 31, 2024
			Fair value through profit or loss						Amortized cost						Fair value through other comprehensive income						Total carrying value
Financial assets:
Cash and cash equivalents (i)			$	—					$	170,177					$	—					$	170,177
Trade accounts receivable			—						437,329						—						437,329
Financial liabilities:
Bank indebtedness			—						(4,060)						—						(4,060)
Trade accounts payable and accrued liabilities			—						(535,844)						—						(535,844)
Long-term debt			—						(1,171,972)						—						(1,171,972)
Derivative instruments:
Held for trading derivatives that are not designated in hedge accounting relationships – gain (ii)			600						—						—						600
Derivative instruments in designated hedge accounting relationships – gain (ii)			—						—						2,290						2,290
Cross-currency interest rate swap – gain (iii)			—						—						3,103						3,103
Interest rate swap instrument – gain (iii)			—						—						1,198						1,198

As at																					March 31, 2023
			Fair value  through profit or loss						Amortized cost						Fair value through other comprehensive income						Total  carrying value
Financial assets:
Cash and cash equivalents (i)			$	—					$	159,867					$	—					$	159,867
Trade accounts receivable			—						368,855						—						368,855
Financial liabilities:
Bank indebtedness			—						(5,824)						—						(5,824)
Trade accounts payable and accrued liabilities			—						(601,094)						—						(601,094)
Long-term debt			—						(1,155,786)						—						(1,155,786)
Derivative instruments:
Held for trading derivatives that are not designated in hedge accounting relationships – gain (ii)			1,024						—						—						1,024
Derivative instruments in designated hedge accounting relationships – loss (ii)			—						—						(4,860)						(4,860)
Cross-currency interest rate swap – gain (iii)			—						—						5,469						5,469
Interest rate swap instrument – gain (iii)			—						—						467						467

Disclosure of fair value measurement of assets

The following table summarizes the Company’s financial instruments that are carried or disclosed at fair value and indicates the fair value hierarchy that reflects the significance of the inputs used in making the measurements:

As at																		March 31 2024
			Carrying value						Level 1			Level 2			Level 3			Fair value  total
Measured at fair value:
Held for trading derivatives that are not designated in hedge accounting relationships			$	600					$	—		$	600		$	—		$	600
Derivative instruments in designated hedge accounting relationships			2,290						—			2,290			—			2,290
Cross-currency interest rate swap			3,103						—			3,103			—			3,103
Interest rate swap instrument			1,198						—			1,198			—			1,198
Disclosed at fair value:
Long-term debt			(1,171,972)						—			(1,130,183)			—			(1,130,183)

As at																		March 31 2023
			Carrying value						Level 1			Level 2			Level 3			Fair value total
Measured at fair value:
Held for trading derivatives that are not designated in hedge accounting relationships			$	1,024					$	—		$	1,024		$	—		$	1,024
Derivative instruments in designated hedge accounting relationships			(4,860)						—			(4,860)			—			(4,860)
Cross-currency interest rate swap			5,469						—			5,469			—			5,469
Interest rate swap instrument			467						—			467			—			467
Disclosed at fair value:
Long-term debt			(1,155,786)						—			(1,102,089)			—			(1,102,089)

Disclosure of fair value measurement of liabilities

The following table summarizes the Company’s financial instruments that are carried or disclosed at fair value and indicates the fair value hierarchy that reflects the significance of the inputs used in making the measurements:

As at																		March 31 2024
			Carrying value						Level 1			Level 2			Level 3			Fair value  total
Measured at fair value:
Held for trading derivatives that are not designated in hedge accounting relationships			$	600					$	—		$	600		$	—		$	600
Derivative instruments in designated hedge accounting relationships			2,290						—			2,290			—			2,290
Cross-currency interest rate swap			3,103						—			3,103			—			3,103
Interest rate swap instrument			1,198						—			1,198			—			1,198
Disclosed at fair value:
Long-term debt			(1,171,972)						—			(1,130,183)			—			(1,130,183)

As at																		March 31 2023
			Carrying value						Level 1			Level 2			Level 3			Fair value total
Measured at fair value:
Held for trading derivatives that are not designated in hedge accounting relationships			$	1,024					$	—		$	1,024		$	—		$	1,024
Derivative instruments in designated hedge accounting relationships			(4,860)						—			(4,860)			—			(4,860)
Cross-currency interest rate swap			5,469						—			5,469			—			5,469
Interest rate swap instrument			467						—			467			—			467
Disclosed at fair value:
Long-term debt			(1,155,786)						—			(1,102,089)			—			(1,102,089)

Disclosure of credit risk

Trade receivables – aged by due date as at			March 31 2024						March 31 2023
Current			$	316,492					$	304,181
1 – 30 days			68,454						35,704
31 – 60 days			12,537						13,098
61 – 90 days			13,554						5,870
Over 90 days			32,533						16,503
Total			$	443,570					$	375,356

Disclosure of allowance for credit losses

The movement in the Company’s allowance for doubtful accounts for the years ended March 31 was as follows:

			2024						2023
Balance, at April 1			$	6,501					$	5,216
Provision for doubtful accounts			2,135						1,086
Amounts written off			(201)						(491)
Recoveries			(2,114)						(406)
Foreign exchange			(80)						1,096
Balance, at March 31			$	6,241					$	6,501

Disclosure of maturity analysis for non-derivative financial liabilities

Trade payables – aged by due date as at			March 31 2024						March 31 2023
1 – 30 days			$	179,521					$	222,332
31 – 60 days			27,514						32,246
61 – 90 days			7,732						17,836
Over 90 days			6,697						13,072
Total			$	221,464					$	285,486

Scheduled principal repayments and interest payments on long-term debt as at March 31, 2024 are as follows (variable interest repayments on the Credit Facility are not reflected in the table below as they fluctuate based on the amounts drawn):

			Principal						Interest
Less than one year			$	176					$	20,971
One - two years			256						20,864
Two - three years			616,102						20,748
Three - four years			88,225						20,620
Four - five years			474,267						20,476
Thereafter			1,320						2,171
			$	1,180,346					$	105,850

Disclosure of detailed information about hedged items

The following table summarizes the Company’s outstanding cash flow hedge positions to buy and sell foreign currencies under forward foreign exchange contracts and cross-currency interest rate swaps:

As at																					March 31, 2024
									Carrying amount						Hedging instrument			Hedged item			Cash flow hedge reserves
Item sold			Item bought			Nominal amount (in CAD)			Assets			Liabilities			Changes in fair value used for calculating hedge ineffectiveness			Changes in fair value used for calculating hedge ineffectiveness			For continuing hedges			For discontinued hedges
Derivative hedging instruments (i)
U.S. dollars			Canadian dollars			233,244			1,024						1,024			1,024			1,024			—
Euros			Canadian dollars			98,103			1,559						1,559			1,559			1,559			—
U.S. dollars			Euros			18,648						204			204			204			204			—
Euros			U.S. dollars			10,763						26			26			26			26			—
Euros			Czech Koruna			2,740						63			63			63			63			—
Cross-currency interest rate swap instruments (ii)
U.S. dollars			Canadian dollars			237,038			17,204			—			1,017			1,017			17,204			—
Canadian dollars			Euros			235,477			—			14,101			(3,383)			(3,383)			14,101			—
Interest rate swap instrument (ii)
Variable rate			Fixed rate			406,350			1,198			—			732			732			1,198			—

As at																					March 31, 2023
									Carrying amount						Hedging instrument			Hedged item			Cash flow hedge reserves
Currency sold			Currency bought			Nominal amount (in CAD)			Assets			Liabilities			Changes in fair value used for calculating hedge ineffectiveness			Changes in fair value used for calculating hedge ineffectiveness			For continued hedges			For discontinued hedges
Derivative hedging instruments (i)
U.S. dollars			Canadian dollars			193,545			—			1,083			1,083			1,083			1,083			—
Euros			Canadian dollars			56,573			—			4,152			4,152			4,152			4,152			—
U.S. dollars			Euros			45,535			522			—			522			522			522			—
Euros			U.S. dollars			3,648			—			99			99			99			99			—
Cross-currency interest rate swap instruments (ii)
U.S. dollars			Canadian dollars			236,495			16,187			—			20,122			20,122			16,187			—
Canadian dollars			Euros			236,137			—			10,718			(28,722)			(28,722)			10,718			—
Interest rate swap instrument (ii)
Variable rate			Fixed rate			405,420			467			—			467			467			467			—

Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows

As at March 31, 2024, the Company is holding the following forward foreign exchange contracts to hedge the exposure on its revenues and purchases:

As at																														March 31, 2024
						Less than 3 months						3 to 6 months						6 to 9 months						9 to 12 months						1 to 2 years
Currency sold			Currency bought			Nominal amount			Average hedged rate			Nominal amount			Average hedged rate			Nominal amount			Average hedged rate			Nominal amount			Average hedged rate			Nominal amount			Average hedged rate
Revenue hedges
U.S. dollars			Canadian dollars			65,780			1.352			48,247			1.353			42,539			1.351			24,381			1.360			47,408			1.363
Euros			Canadian dollars			24,842			1.479			28,130			1.483			12,056			1.495			8,768			1.512			20,458			1.524
U.S. dollars			Euros			11,170			0.907			5,224			0.928			2,198			0.905			—			—			—			—
Euros			Czech Koruna			1,279			24.523			877			24.866			584			24.958			—			—			—			—
Purchase hedges
U.S. dollars			Canadian dollars			4,889			1.339			—			—			—			—			—			—			—			—
Euros			U.S. dollars			2,192			1.084			3,208			1.088			3,317			1.093			2,046			1.098			—			—
U.S. dollars			Euros			56			0.919			—			—			—			—			—			—			—			—
Euros			Canadian dollars			3,513			1.480			336			1.473			—			—			—			—			—			—

As at																														March 31, 2023
						Less than 3 months						3 to 6 months						6 to 9 months						9 to 12 months						1 to 2 years
Currency sold			Currency bought			Nominal amount			Average hedged rate			Nominal amount			Average hedged rate			Nominal amount			Average hedged rate			Nominal amount			Average hedged rate			Nominal amount			Average hedged rate
Revenue hedges
Euros			U.S. dollars			1,300			1.145			650			1.150			—			—			—			—			—			—
U.S. dollars			Canadian dollars			55,347			1.333			45,926			1.341			31,114			1.339			21,616			1.348			39,542			1.344
Euros			Canadian dollars			23,602			1.355			16,119			1.369			12,456			1.370			4,396			1.374			—			—
U.S. dollars			Euros			11,398			0.929			15,567			0.921			10,423			0.928			4,400			0.925			3,228			1.014
Purchase hedges
Euros			U.S. dollars			665			1.088			204			1.081			—			—			828			1.092			—			—
U.S. dollars			Euros			365			0.955			98			1.003			—			—			—			—			56			0.919

Disclosure of hedge accounting

The following summarizes the Company’s amounts included in other comprehensive income that relate to hedge accounting:

As at												March 31, 2024
Cash flow hedges			Change in the value of the hedging instrument recognize in OCI gain (loss)			Hedge ineffectiveness recognized in profit or loss			Amount reclassified from the cash flow hedge reserve to profit or loss gain (loss)			Line item affected in profit or loss because of the reclassification
Foreign exchange risk:
Revenue hedges			(7,154)			—			(1,706)			Revenues
Purchase hedges			4			—			(80)			Cost of revenues
Cross-currency interest rate swap			(1,017)			—			—			Net finance costs
Interest rate swap instrument			(732)			—			—			Net finance costs

As at												March 31, 2023
Cash flow hedges			Change in the value of the hedging instrument recognize in OCI gain (loss)			Hedge ineffectiveness recognized in profit or loss			Amount reclassified from the cash flow hedge reserve to profit or loss gain (loss)			Line item affected in profit or loss because of the reclassification
Foreign exchange risk:
Revenue hedges			6,914			—			(5,413)			Revenues
Purchase hedges			(219)			—			(170)			Cost of revenues
Cross-currency interest rate swap			(20,122)			—			—			Net finance costs
Interest rate swap instrument			(467)			—			—			Net finance costs

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