Common Shares and Net Income (Loss) per Common Share (Tables)

9 Months Ended

Sep. 29, 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 Nine Months Ended
	September 29, 2018		September 30, 2017		September 29, 2018		September 30, 2017
Numerator (in millions of U.S. dollars):
Net income (loss) attributable to Cott Corporation
Continuing operations	$	8.5	$	1.6	$	25.3	$	(13.1	)
Discontinued operations	1.5		40.9		356.9		(5.4		)
Net income (loss)	10.0		42.5		382.2		(18.5		)
Basic Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	138,787		139,205		139,503		138,980
Basic Earnings Per Share:
Continuing operations	0.06		0.01		0.18		(0.09		)
Discontinued operations	0.01		0.29		2.56		(0.04		)
Net income (loss)	0.07		0.30		2.74		(0.13		)
Diluted Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	138,787		139,205		139,503		138,980
Dilutive effect of Stock Options	1,212		1,158		1,260		—
Dilutive effect of Performance-based RSUs	918		154		954		—
Dilutive effect of Time-based RSUs	259		486		246		—
Weighted average common shares outstanding - diluted	141,176		141,003		141,963		138,980
Diluted Earnings Per Share:
Continuing operations	0.06		0.01		0.18		(0.09		)
Discontinued operations	0.01		0.29		2.51		(0.04		)
Net income (loss)	0.07		0.30		2.69		(0.13		)

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 Nine Months Ended
(in thousands)	September 29, 2018	September 30, 2017	September 29, 2018	September 30, 2017
Stock Options	1,141	198	1,086	4,286
Performance-based RSUs 1	327	—	327	1,703
Time-based RSUs	—	—	—	660

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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.