XML 34 R16.htm IDEA: XBRL DOCUMENT v3.22.2
Lease Right-of-Use Assets
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Text Block [Abstract]    
Lease Right-of-Use Assets
NOTE 5. LEASE
RIGHT-OF-USE
ASSETS
During the three months ended March 31, 2022, the Company added $1.6 million in lease
right-of-use
assets (March 31, 2021 – $0.7 million) and disposed of lease
right-of-use
assets with a net book value of $0.4 million (March 31, 2021 – nil). The impact of foreign exchange movements on lease
right-of-use
assets denominated in a foreign currency during the three months ended March 31, 2022 was a decrease of $0.2 million (March 31, 2021 – decrease of $0.3 million).
Depreciation of lease
right-of-use
assets included in earnings for the three months ended March 31, 2022 was $3.6 million (March 31, 2021 – $3.4 million), of which $3.0 million was included in cost of goods sold (March 31, 2021 – $2.5 million) and $0.6 million was included in selling and administrative expenses (March 31, 2021 – $0.9 million).
During the first quarter of 2022, the Company reclassified certain prior period amounts between cost of goods sold and selling and administrative expenses, refer to Note 1 for more details. As a result, $0.8 million of lease
right-of-use
asset depreciation was reclassified from selling and administrative expenses to cost of goods sold.
NOTE 10. LEASE
RIGHT-OF-USE
ASSETS
 
     Land and buildings      Equipment      Total lease
right-of-use assets
  
Cost
                           
January 1, 2021
    $ 56,242      $ 19,360      $ 75,602  
Additions
      4,097        6,778        10,875  
Disposal
      (1,644 )       (1,583 )       (3,227 ) 
Currency translation effects
      (315 )       (196 )       (511 ) 
    
 
 
     
 
 
     
 
 
  
December 31, 2021
   
$
58,380
 
   
$
24,359
 
   
$
82,739
 
    
 
 
     
 
 
     
 
 
  
Accumulated depreciation
 
January 1, 2021
    $ (13,527 )     $ (7,891 )     $ (21,418 ) 
Depreciation charge
      (8,350 )       (5,492 )       (13,842 ) 
Disposal
      1,535        714        2,249  
Currency translation effects
      144        15        159  
    
 
 
     
 
 
     
 
 
  
December 31, 2021
   
$
(20,198
) 
   
$
(12,654
) 
   
$
(32,852
) 
    
 
 
     
 
 
     
 
 
  
Net book value – December 31, 2021
   
$
38,182
 
   
$
11,705
 
   
$
49,887
 
    
 
 
     
 
 
     
 
 
  
     Land and buildings      Equipment      Total lease
right-of-use assets
  
Cost
                           
January 1, 2020
    $ 55,463      $ 17,104      $ 72,567  
Additions
      3,923        4,389        8,312  
Disposal
      (3,069 )       (1,821 )       (4,890 ) 
Currency translation effects
      (75 )       (312 )       (387 ) 
    
 
 
     
 
 
     
 
 
  
December 31, 2020
    $ 56,242      $ 19,360      $ 75,602  
    
 
 
     
 
 
     
 
 
  
Accumulated depreciation
 
January 1, 2020
    $ (8,028 )     $ (4,251 )     $ (12,279 ) 
Depreciation charge
      (8,106 )       (5,601 )       (13,707 ) 
Disposal
      2,513        1,779        4,292  
Currency translation effects
      94        182        276  
    
 
 
     
 
 
     
 
 
  
December 31, 2020
    $ (13,527 )     $ (7,891 )     $ (21,418 ) 
    
 
 
     
 
 
     
 
 
  
Net book value – December 31, 2020
    $ 42,715      $ 11,469      $ 54,184  
    
 
 
     
 
 
     
 
 
  
 
  
Land and buildings
 
  
Equipment
 
  
Total lease
right-of-use assets
 
Cost
  
      
  
      
  
      
January 1, 2019
    $ 23,017      $ 8,968      $ 31,985  
Additions
      32,896        8,579        41,475  
Disposal
      (74 )       (152 )       (226 ) 
Currency translation effects
      (376 )       (291 )       (667 ) 
    
 
 
     
 
 
     
 
 
  
December 31, 2019
    $ 55,463      $ 17,104      $ 72,567  
    
 
 
     
 
 
     
 
 
  
Accumulated depreciation
 
January 1, 2019
    $ —        $ —        $ —    
Depreciation charge
      (8,198 )       (4,457 )       (12,655 ) 
Disposal
      74        152        226  
Currency translation effects
      96        54        150  
    
 
 
     
 
 
     
 
 
  
December 31, 2019
    $ (8,028 )     $ (4,251 )     $ (12,279 ) 
    
 
 
     
 
 
     
 
 
  
Net book value – December 31, 2019
    $ 47,435      $ 12,853      $ 60,288  
    
 
 
     
 
 
     
 
 
  
Depreciation of lease
 
right-of-use
 
assets included in earnings for the year ended December 31, 2021 was $13.8 million (December 31, 2020 – $13.7 million; December 31, 2019 – $12.7 million), of which $11.2 million was included in cost of goods sold (December 31, 2020 – $11.0 million; December 31, 2019 – $10.0 million) and $2.6 million was included in selling and administrative expenses (December 31, 2020 – $2.7 million; December 31, 2019 – $2.7 million).
The Company reclassified certain amounts between cost of goods sold and selling and administrative expenses, refer to Note 2(a) for more details. The impact of the reclassification on lease right-of-use depreciation from selling and administrative expenses to cost of goods sold is $3.8 million for the year ended December 31, 2021 (December 31, 2020 – $3.9 million; December 31, 2019 – $3.8 million).