Acquisitions (Tables)

9 Months Ended

Sep. 29, 2018

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The total purchase price paid by Cott in the Crystal Rock Acquisition is summarized below:

(in millions of U.S. dollars)
Cash paid to sellers	$	20.7
Cash paid on behalf of sellers for sellers’ transaction expenses	0.8
Total consideration	$	21.5

Allocation of Purchase Price to Fair Value of Assets Acquired and Liabilities Assumed

The table below summarizes the originally reported estimated acquisition date fair values, measurement period adjustments recorded and the adjusted purchase price allocation of the assets acquired and liabilities assumed:

(in millions of U.S. dollars)	Originally Reported			Measurement Period Adjustments			Acquired  Value
Cash	$	1.6		$	—		$	1.6
Accounts receivable	6.5			(0.1		)	6.4
Inventory	2.3			(0.1		)	2.2
Prepaid expenses and other assets	1.2			0.3			1.5
Property, plant and equipment	9.4			(0.1		)	9.3
Goodwill	16.7			(2.7		)	14.0
Intangible assets	13.3			0.6			13.9
Other assets	0.8			(0.7		)	0.1
Short-term borrowings	(4.1		)	—			(4.1		)
Current maturities of long-term debt	(1.6		)	—			(1.6		)
Accounts payable and accrued liabilities	(5.2		)	(2.2		)	(7.4		)
Long-term debt	(10.4		)	—			(10.4		)
Deferred tax liabilities	(6.5		)	3.4			(3.1		)
Other long-term liabilities	(2.5		)	1.6			(0.9		)
Total	$	21.5		$	—		$	21.5

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table sets forth the components of identified intangible assets associated with the Crystal Rock Acquisition and their estimated weighted average useful lives:

(in millions of U.S. dollars)	Estimated Fair Market Value		Estimated Useful Life
Customer relationships	$	9.7	11 years
Trademarks and trade names	4.2		Indefinite
Total	$	13.9