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Financial Instruments (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]    
Summary of detailed information about financial instruments
The Company has designated its financial instruments
as
follows:
 
                 
December 31, 2021
   
Carrying

value
     
Estimated

fair value
  
Financial Assets
                  
Cash and cash equivalents
   
$
172,758
 
   
$
172,758
 
Derivative instruments in designated hedge accounting relationships
   
 
294
 
   
 
294
 
Loans and receivables:
                  
Accounts receivable
   
 
212,206
 
   
 
212,206
 
Contract assets
   
 
82,760
 
   
 
82,760
 
Long-term receivables
   
 
24,172
 
   
 
27,471
 
     
Financial Liabilities
                  
Derivative instruments in designated hedge accounting relationships
   
 
180
 
   
 
180
 
Other financial liabilities:
                  
Accounts payable and accrued liabilities
   
 
240,747
 
   
 
240,747
 
Long-term debt – Bank Facility
   
 
30,522
 
   
 
30,522
 
Long-term debt – Asset-Based Facility
   
 
37,411
 
   
 
37,411
 
Long-term debt – Notes
   
 
266,865
 
   
 
280,295
 
Other long-term liabilities
   
 
15,785
 
   
 
15,785
 
 
                 
December 31, 2020
   
Ca
rrying

valu
e
     
Estimated

fair value
  
Financial Assets
                  
Cash and cash equivalents
    $ 95,676      $ 95,676  
Derivative instruments in designated hedge accounting relationships
      491        491  
Loans and receivables:
                  
Accounts receivable
      213,375        213,375  
Contract assets
      66,722        66,722  
Long-term receivables
      31,910        35,696  
     
Financial Liabilities
                  
Derivative instruments in designated hedge accounting relationships
      371        371  
Other financial liabilities:
                  
Accounts payable and accrued liabilities
      182,152        182,152  
Current portion of long-term debt - Notes
      40,000        40,610  
Long-term debt – Bank Facility
      84,369        84,369  
Long-term debt – Notes
      267,810        284,605  
Other long-term liabilities
      10,967        10,967  
  
Summary of fair value measurement of financial assets and financial liabilities  
     Carrying
value		      Fair Value  
   Level 1      Level 2      Level 3  
Financial Assets
                                    
Derivative financial instruments
    $ 294      $ —      $ 294      $ —  
Long-term receivables
    $ 24,172      $ —      $ 27,471      $ —  
         
Financial Liabilities
                                    
Derivative financial instruments
    $ 180      $ —      $ 180      $ —  
Long-term debt – Notes
    $ 266,865      $ —      $ 280,295      $ —  
Summary of detailed information about hedging instruments The following table summarizes the Company’s commitments to buy and sell foreign currencies as at March 31, 2022:
 
      
Notional
amount
    
Maturity
  
Canadian Dollar Denominated Contracts
 
                 
Purchase contracts
      USD     
 
16,258
 
     April 2022 – February 2023  
Sales contracts
      USD     
 
(8,622
) 
     April 2022 – September 2022  
Purchase contracts
      EUR     
 
1,279
 
     May 2022 – October 2022  
Sales contracts
      EUR     
 
(641
) 
     June 2022  
The following table summarizes the Company’s commitments to buy and sell forei
g
n currencies as at December 31, 2021:
 
      
Notional
amount
    
Maturity
  
Canadian Dollar Denominated Contracts
 
                 
Purchase contracts
      USD     
 
16,119
 
     January 2022 – June 2022  
Sales contracts
      USD     
 
(10,849
) 
     January 2022 – September 2022  
Purchase contracts
      EUR     
 
1,091
 
     June 2022  
Sales contracts
      EUR     
 
(641
) 
     June 2022  
Summary of earnings before tax due to weakening of foreign currency The following table shows the sensitivity to a 5.0 percent weakening of the Canadian dollar against the U.S. dollar, Australian dollar, and Brazilian real.
Canadian dollar weakens by 5 percent
   
USD
     
AUD
     
BRL
  
Earnings from foreign operations
                           
Earnings before income taxes
   
$
706
 
   
$
(82
) 
   
$
67
 
       
Financial instruments held in foreign operations
                           
Other comprehensive income
   
$
14,122
 
   
$
582
 
   
$
349
 
       
Financial instruments held in Canadian operations
                           
Earnings before income taxes
   
$
(9,293
) 
   
$
—  
 
   
$
—  
 

The movement in net earnings before tax in Canadian operations is a result of a change in the fair values of financial instruments. The majority of these financial instruments are hedged.

                         
Canadian dollar weakens by 5 percent
   
USD
     
AUD
     
BRL
  
Earnings before income taxes
   
$
1,776
 
   
$
(90
) 
   
$
167
 
Summary of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities   The following table shows the Company’s sensitivity to a five percent weakening of the Canadian dollar against the U.S. dollar, Australian dollar, and Brazilian real. A five percent strengthening of the Canadian dollar would have an equal and opposite effect. This sensitivity analysis relates to the position as at December 31, 2021 and for the year then ended.
                         
Canadian dollar weakens by 5 percent
   
USD
     
AUD
     
BRL
  
Financial instruments held in foreign operations
                           
Other comprehensive income
   
$
14,019
 
   
$
908
 
   
$
221
 
       
Financial instruments held in Canadian operations
                           
Earnings before income taxes
   
$
(9,633
) 
   
$
  —
 
   
$
  —
 
Summary of maturity analysis for derivative and non derivative financial liabilities
A liquidity analysis of the Company’s financial instruments has been completed on a maturity basis. The following table outlines the cash flows, including interest associated with the maturity of the Company’s financial liabilities, as at March 31, 2022:
 
    
Less than
3 months
     
3 months
to 1 year
     
Greater than
1 year
     
Total
  
Derivative financial instruments
                                    
Foreign currency forward contracts
    $ 264      $ 145      $ —        $ 409  
Accounts payable and accrued liabilities
      256,296        —          —          256,296  
Long-term debt – Bank Facility
      —          —          46,246        46,246  
Long-term debt – Asset-Based Facility
      —          —          32,363        32,363  
Long-term debt – Notes
      —          —          263,680        263,680  
Other long-term liabilities
      —          —          18,002        18,002  
A liquidity analysis of the Company’s financial instruments has been completed on a maturity basis. The following table outlines the cash flows, including interest associated with the maturity of the Company’s financial liabilities, as at December 31, 2021:
 
    
Less than
3 months
     
3 months
to 1 year
     
Greater than
1 year
     
Total
  
Derivative financial instruments
                                    
Foreign currency forward contracts
    $ 124      $ 56      $ —      $ 180  
Accounts payable and accrued liabilities
      240,747        —        —        240,747  
Long-term debt – Bank Facility
      —        —        30,522        30,522  
Long-term debt – Asset-Based Facility
      —        —        37,411        37,411  
Long-term debt – Notes
      —        —        266,865        266,865  
Other long-term liabilities
      —        —        15,785        15,785