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Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about financial instruments [abstract]

Summary of Expected Credit Loss Allowance

The movement in the expected credit 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.