XML 43 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Common Shares and Net Income (Loss) per Common Share (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominators of Basic and Diluted Net Income (Loss) Per Common Share
Set forth below is a reconciliation of the numerator and denominator for the diluted net income (loss) per common share computations for the periods indicated:
 
For the Three Months Ended
 
For the Six Months Ended
 
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
Numerator (in millions of U.S. dollars):
 
 
 
 
 
 
 
Net income (loss) attributable to Cott Corporation
 
 
 
 
 
 
 
Continuing operations
$
12.2

 
$
(4.5
)
 
$
16.8

 
$
(14.7
)
Discontinued operations
(1.4
)
 
(20.1
)
 
355.4

 
(46.3
)
Net income (loss)
10.8

 
(24.6
)
 
372.2

 
(61.0
)
Basic Earnings Per Share
 
 
 
 
 
 
 
Denominator (in thousands):
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
139,768

 
139,000

 
139,860

 
138,867

Basic Earnings Per Share:
 
 
 
 
 
 
 
Continuing operations
0.09

 
(0.03
)
 
0.12

 
(0.11
)
Discontinued operations
(0.01
)
 
(0.15
)
 
2.54

 
(0.33
)
Net income (loss)
0.08

 
(0.18
)
 
2.66

 
(0.44
)
Diluted Earnings Per Share
 
 
 
 
 
 
 
Denominator (in thousands):
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
139,768

 
139,000

 
139,860

 
138,867

Dilutive effect of Stock Options
1,058

 
—

 
1,277

 
—

Dilutive effect of Performance-based RSUs
626

 
—

 
760

 
—

Dilutive effect of Time-based RSUs
209

 
—

 
223

 
—

Weighted average common shares outstanding - diluted
141,661

 
139,000

 
142,120

 
138,867

Diluted Earnings Per Share:
 
 
 
 
 
 
 
Continuing operations
0.09

 
(0.03
)
 
0.12

 
(0.11
)
Discontinued operations
(0.01
)
 
(0.15
)
 
2.50

 
(0.33
)
Net income (loss)
0.08

 
(0.18
)
 
2.62

 
(0.44
)
Summary of the Anti-dilutive Securities Excluded from the Computation of Diluted Net (Loss) Income Per Common Share
The following table summarizes anti-dilutive securities excluded from the computation of diluted net income (loss) per common share for the periods indicated:
 
For the Three Months Ended
 
For the Six Months Ended
(in thousands)
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
Stock Options
653

 
4,459

 
1,143

 
4,459

Performance-based RSUs 1
766

 
1,862

 
766

 
1,862

Time-based RSUs
—

 
704

 
—

 
704

______________________
1
Performance-based RSUs represent the number of shares expected to be issued based primarily on the estimated achievement of cumulative pre-tax income targets for these awards.