Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Basic and diluted loss per share were calculated as follows (shares in thousands):

			Quarter ended				Two quarters ended
			June 30, 2018		July 1, 2017		June 30, 2018		July 1, 2017
Numerator for basic loss per share:
	Loss attributable to SunOpta Inc.		$	(3,174)	$	(408)	$	(7,537)	$	(11,806)
	Less: dividends and accretion on Series A Preferred Stock			(1,974)		(1,954)		(3,941)		(3,894)
	Loss attributable to common shareholders		$	(5,148)	$	(2,362)	$	(11,478)	$	(15,700)

Denominator for basic loss per share:
	Basic weighted-average number of shares outstanding			86,968		86,213		86,889		86,062

Basic loss per share			$	(0.06)	$	(0.03)	$	(0.13)	$	(0.18)

Numerator for diluted loss per share:
	Loss attributable to SunOpta Inc.		$	(3,174)	$	(408)	$	(7,537)	$	(11,806)
	Less: dividends and accretion on Series A Preferred Stock⁽¹⁾			(1,974)		(1,954)		(3,941)		(3,894)
	Loss attributable to common shareholders		$	(5,148)	$	(2,362)	$	(11,478)	$	(15,700)

Denominator for diluted loss per share:
	Basic weighted-average number of shares outstanding			86,968		86,213		86,889		86,062
	Dilutive effect of the following:
		Series A Preferred Stock⁽¹⁾		-		-		-		-
		Stock options and restricted stock units⁽²⁾		-		-		-		-
	Diluted weighted-average number of shares outstanding			86,968		86,213		86,889		86,062

Diluted loss per share			$	(0.06)	$	(0.03)	$	(0.13)	$	(0.18)

(1) For the quarters and two quarters ended June 30, 2018 and July 1, 2017, it was more dilutive to assume the Preferred Stock was not converted into Common Shares and, therefore, the numerator of the diluted loss per share calculation was not adjusted to add back the dividends and accretion on the Preferred Stock and the denominator was not adjusted to include 11,333,333 Common Shares issuable on an if-converted basis.

(2) For the quarter and two quarters ended June 30, 2018, stock options and restricted stock units to purchase or receive 574,865 (July 1, 2017 – 832,910) and 641,857 (July 1, 2017 – 761,344) Common Shares, respectively, were excluded from the calculation of diluted loss per share due to their anti-dilutive effect of reducing the loss per share. In addition, for the quarter and two quarters ended June 30, 2018, options to purchase 1,850,009 (July 1, 2017 – 2,530,766) and 2,032,158 (July 1, 2017 – 2,836,606) Common Shares, respectively, were anti-dilutive because the exercise prices of these options were greater than the average market price.