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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of detailed information about financial instruments [abstract] |
Summary of Expected Credit Loss Allowance | The movement in the expected c redit loss allowance during the year was as follows:
|  | 2024 |  |  | 2023 |
Balance, January 1, |  | $ | 338 |  |  | $ | 1,732 |
Impairment loss recognized |  |  | 780 |  |  |  | 437 |
Amounts written-off as uncollectible |  |  | (680 | ) |  |  | (1,784 | )
Impairment loss reversed |  |  | (301 | ) |  |  | (53 | )
Effect of movement in exchange rates |  |  | 2 |  |  |  | 6 |
Balance, December 31, |  | $ | 139 |  |  | $ | 338 |
Summary of Aging of Trade Receivables | The aging of trade receivables at December 31 was as follows:
|  | 2024 |  |  | 2023 |
|  | Gross |  |  | Provision for Impairment |  |  | Gross |  |  | Provision for Impairment |
Not past due |  | $ | 194,649 |  |  | $ | — |  |  | $ | 214,897 |  |  | $ | 1 |
Past due 0 – 30 days |  |  | 58,141 |  |  |  | 1 |  |  |  | 70,398 |  |  |  | 3 |
Past due 31 – 120 days |  |  | 9,283 |  |  |  | 112 |  |  |  | 17,465 |  |  |  | 273 |
Past due more than 120 days |  |  | 1,276 |  |  |  | 26 |  |  |  | 2,719 |  |  |  | 61 |
|  | $ | 263,349 |  |  | $ | 139 |  |  | $ | 305,479 |  |  | $ | 338 |
Summary of Financial Instruments were Denominated in U S Dollars | The following financial instruments were denominated in U.S. dollars:
|  | 2024 |  |  | 2023 |
|  | Canadian Operations |  |  | Foreign Operations |  |  | Canadian Operations |  |  | Foreign Operations |
Cash | US | $ | 3,084 |  | US | $ | 27,474 |  | US | $ | 9,539 |  | US | $ | 16,459 |
Accounts receivable |  |  | 2 |  |  |  | 113,400 |  |  |  | 17 |  |  |  | 148,885 |
Accounts payable and accrued liabilities |  |  | (20,695 | ) |  |  | (98,523 | ) |  |  | (26,706 | ) |  |  | (120,416 | )
Long-term liabilities, excluding long-term incentive plans (1) |  |  | — |  |  |  | (5,197 | ) |  |  | — |  |  |  | (13,708 | )
Net foreign currency exposure | US | $ | (17,609 | ) | US | $ | 37,154 |  | US | $ | (17,150 | ) | US | $ | 31,220 |
Impact of $0.01 change in the U.S. dollar to Canadian dollar exchange rate on net earnings |  | $ | (176 | ) |  | $ | — |  |  | $ | (172 | ) |  | $ | — |
Impact of $0.01 change in the U.S. dollar to Canadian dollar exchange rate on comprehensive income |  | $ | — |  |  | $ | 372 |  |  | $ | — |  |  | $ | 312 |
(1) Excludes U.S. dollar long-term debt that has been designated as a hedge of the Corporation’s net investment in certain self-sustaining foreign operations.
Summary of Contractual Maturities of Financial Liabilities and Other Contractual Commitments | The following are the contractual maturities of the Corporation’s financial liabilities and other contractual commitments as at December 31, 2024:
|  |  | 2025 |  |  |  | 2026 |  |  |  | 2027 |  |  |  | 2028 |  |  |  | 2029 |  |  | Thereafter |  |  | Total |
Accounts payable and accrued liabilities (1) |  | $ | 270,163 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 270,163 |
Share-based compensation |  |  | 37,644 |  |  |  | 17,487 |  |  |  | 18,238 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 73,369 |
Long-term debt |  |  | — |  |  |  | 230,026 |  |  |  | 17,252 |  |  |  | — |  |  |  | 575,064 |  |  |  | — |  |  |  | 822,342 |
Interest on long-term debt (2) |  |  | 57,029 |  |  |  | 41,323 |  |  |  | 40,088 |  |  |  | 39,536 |  |  |  | 1,647 |  |  |  | — |  |  |  | 179,623 |
Commitments |  |  | 115,649 |  |  |  | 35,813 |  |  |  | 33,663 |  |  |  | 11,128 |  |  |  | 6,058 |  |  |  | 24,429 |  |  |  | 226,740 |
Total |  | $ | 480,485 |  |  | $ | 324,649 |  |  | $ | 109,241 |  |  | $ | 50,664 |  |  | $ | 582,769 |  |  | $ | 24,429 |  |  | $ | 1,572,237 |
(1) Excludes the current portion of share-based compensation. (2) Excludes amortization of long-term debt issue costs.

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