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

3 Months Ended

Mar. 30, 2019

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 (loss) income per common share computations for the periods indicated:



	For the Three Months Ended
	March 30, 2019			March 31, 2018
Numerator (in millions of U.S. dollars):
Net (loss) income attributable to Cott Corporation
Continuing operations	$	(19.7	)	$	4.6
Discontinued operations	—			356.8
Net (loss) income	(19.7		)	361.4
Basic Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	135,948			139,953
Basic Earnings Per Share:
Continuing operations	(0.14		)	0.03
Discontinued operations	—			2.55
Net (loss) income	(0.14		)	2.58
Diluted Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	135,948			139,953
Dilutive effect of Stock Options	—			1,339
Dilutive effect of Performance-based RSUs	—			821
Dilutive effect of Time-based RSUs	—			222
Weighted average common shares outstanding - diluted	135,948			142,335
Diluted Earnings Per Share:
Continuing operations	(0.14		)	0.03
Discontinued operations	—			2.51
Net (loss) income	(0.14		)	2.54

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 (loss) income per common share for the periods indicated:



	For the Three Months Ended
(in thousands)	March 30, 2019	March 31, 2018
Stock Options	5,378	914
Performance-based RSUs ¹	1,252	627
Time-based RSUs	374	90

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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.