| Property, plant and equipment The following table presents changes in the cost and the accumulated depreciation on the Company’s property, plant and equipment: | | | | | | | | | | | | | | | | | | | | | | | | | Plant equipment | Computer equipment | Leasehold improvements | Shop-in-shop fixtures | Furniture and fixtures | In progress | Total | | Cost | $ | $ | $ | $ | $ | $ | $ | | March 31, 2024 | 37.3 | | 21.3 | | 225.2 | | 10.3 | | 49.7 | | 4.1 | | 347.9 | | | Additions | 0.2 | | 0.2 | | 5.4 | | 0.1 | | 1.4 | | 21.8 | | 29.1 | | | | | | | | | | | Disposals | (0.1) | | (0.2) | | (3.1) | | — | | (0.4) | | — | | (3.8) | | | Transfers | 0.5 | | 1.2 | | 11.5 | | — | | 1.3 | | (14.5) | | — | | | Impact of foreign currency translation | 0.5 | | 0.6 | | 7.9 | | 0.3 | | 2.0 | | 0.5 | | 11.8 | | | March 30, 2025 | 38.4 | | 23.1 | | 246.9 | | 10.7 | | 54.0 | | 11.9 | | 385.0 | | | Additions | 1.8 | | 0.6 | | 9.4 | | 0.2 | | 2.1 | | 38.3 | | 52.4 | | | | | | | | | | | Disposals | (0.1) | | (1.1) | | (3.5) | | (0.6) | | (2.5) | | — | | (7.8) | | | Transfers | 0.5 | | 1.4 | | 24.8 | | 1.2 | | 2.8 | | (30.7) | | — | | | Impact of foreign currency translation | 0.1 | | (0.1) | | (2.0) | | — | | (0.2) | | 0.3 | | (1.9) | | | March 29, 2026 | 40.7 | | 23.9 | | 275.6 | | 11.5 | | 56.2 | | 19.8 | | 427.7 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Plant equipment | Computer equipment | Leasehold improvements | Shop-in-shop fixtures | Furniture and fixtures | In progress | Total | | Accumulated depreciation | $ | $ | $ | $ | $ | $ | $ | | March 31, 2024 | 18.9 | | 15.3 | | 99.1 | | 8.9 | | 33.9 | | — | | 176.1 | | | Depreciation | 4.0 | | 3.5 | | 28.5 | | 0.8 | | 5.7 | | — | | 42.5 | | | Disposals | — | | (0.2) | | (2.8) | | — | | (0.3) | | — | | (3.3) | | | Impairment losses | — | | — | | 1.3 | | — | | — | | — | | 1.3 | | | Impact of foreign currency translation | 0.4 | | 0.4 | | 4.0 | | 0.4 | | 1.6 | | — | | 6.8 | | | March 30, 2025 | 23.3 | | 19.0 | | 130.1 | | 10.1 | | 40.9 | | — | | 223.4 | | | Depreciation | 3.8 | | 3.2 | | 27.7 | | 0.5 | | 5.0 | | — | | 40.2 | | | Disposals | — | | (1.1) | | (3.1) | | (0.6) | | (2.2) | | — | | (7.0) | | | Impairment losses | — | | — | | 4.0 | | — | | — | | — | | 4.0 | | | Impact of foreign currency translation | 0.2 | | (0.1) | | (0.4) | | (0.1) | | (0.1) | | — | | (0.5) | | | March 29, 2026 | 27.3 | | 21.0 | | 158.3 | | 9.9 | | 43.6 | | — | | 260.1 | | | | | | | | | | | Net book value | | | | | | | | | March 30, 2025 | 15.1 | | 4.1 | | 116.8 | | 0.6 | | 13.1 | | 11.9 | | 161.6 | | | March 29, 2026 | 13.4 | | 2.9 | | 117.3 | | 1.6 | | 12.6 | | 19.8 | | 167.6 | |
Impairment losses of $8.4m and $2.8m were recognized for the years ended March 29, 2026 and March 30, 2025, respectively. These were recorded within the DTC segment and included in SG&A expenses in the statements of income. These impairments arose primarily as a result of lower than anticipated store performance, which negatively impacted forecasted cash flows. As a result, the Company may elect to close certain underperforming stores prior to the end of their original lease terms.
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