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Leases
12 Months Ended
Jan. 01, 2022
Leases [Abstract]  
Leases [Text Block]

10. Leases

The Company leases certain manufacturing plants, warehouses, offices, and machinery and equipment. Prior to June 2021, the Company also leased certain farmland that was subleased to third-party growers. At the lease commencement date, the Company classifies a lease as a finance lease if it has the right to obtain substantially all of the economic benefits from the right-of-use assets, otherwise the lease is classified as an operating lease. The Company's leases have remaining noncancelable lease terms of less than one year to approximately 12 years, and typically require fixed monthly rental payments that may be adjusted annually to give effect to inflation. Real estate leases typically provide the Company options to extend the leases for up to 15 years. Machinery and equipment operating leases typically include purchase options for the fair market value of the underlying asset at the end of the lease term. Certain other leases for machinery and equipment include nominal purchase options at the end of the lease term that are reasonably certain of being exercised.

The following tables present supplemental information related to leases:

    January 1, 2022     January 2, 2021     December 28, 2019  
    $     $     $  
Lease Costs                  
Operating lease cost   13,806     16,647     18,192  
Finance lease cost:                  
    Depreciation of right-of-use assets   5,922     2,647     1,439  
    Interest on lease liabilities   2,752     675     267  
Sublease income   (281 )   (504 )   (476 )
Net lease cost   22,199     19,465     19,422  
    January 1, 2022     January 2, 2021  
    $     $  
Balance Sheet Classification            
Operating leases:            
Operating lease right-of-use assets   47,245     35,172  
Current portion of operating lease liabilities   12,203     12,750  
Operating lease liabilities   39,028     24,582  
Total operating lease liabilities   51,231     37,332  
             
Finance leases:            
Property, plant and equipment, gross   66,060     24,534  
Accumulated depreciation   (10,348 )   (5,787 )
Property, plant and equipment, net   55,712     18,747  
Current portion of long-term debt   9,760     3,146  
Long-term debt   43,034     15,667  
Total finance lease liabilities   52,794     18,813  
    January 1, 2022     January 2, 2021     December 28, 2019  
    $     $     $  
Cash Flow Information                  
Cash paid (received) for amounts included in measurement of lease liabilities:                  
Operating cash flows from operating leases   13,391     16,741     18,405  
Operating cash flows from finance leases   2,752     675     267  
Financing cash flows from finance leases(1)   (4,828 )   2,587     1,123  
                   
Right-of-use assets obtained in exchange for lease liabilities:                  
Operating leases   29,015     5,962     2,760  
Finance leases   29,906     5,179     14,549  
                   
Right-of-use assets and liabilities reduced through lease terminations or modifications:                  
Operating leases   (2,261 )   (23,667 )   -  
Finance leases   (686 )   -     -  
                   
Impairment of operating lease right-of-use assets   -     (1,538 )   -  

(1) For the year ended January 1, 2022, net cash received for amounts included in financing cash flows from finance leases reflected cash advances of $13.6 million received by the Company under finance leases that have not commenced that relate to the construction of right-of-use assets controlled by the Company, partially offset by cash repayments of $8.8 million made by the Company related to finance leases that have commenced.

    January 1, 2022     January 2, 2021     December 28, 2019  
Other Information                  
Weighted-average remaining lease term (years):                  
Operating leases   7.4     3.4     6.1  
Finance leases   4.3     5.3     5.9  
                   
Weighted-average discount rate:                  
Operating leases   5.0%     6.6%     9.2%  
Finance leases   6.6%     5.4%     4.5%  

 

    Operating leases     Finance leases  
    $     $  
Maturities of Lease Liabilities            
2022   10,728     11,965  
2023   10,184     14,035  
2024   8,264     13,971  
2025   6,245     14,665  
2026   5,236     6,824  
Thereafter   21,638     -  
Total lease payments   62,295     61,460  
Less: imputed interest   (11,064 )   (8,666 )
Total lease liabilities   51,231     52,794  

See note 23 for a discussion of the Company's operating and finance lease commitments.