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

9 Months Ended

Sep. 26, 2020

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 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Numerator (in millions of U.S. dollars):
Net income (loss) from continuing operations	$	22.3	$	7.3	$	(136.8)	$	(12.7)
Net (loss) income from discontinued operations	(0.3)		2.8		26.3		7.5
Net income (loss)	22.0		10.1		(110.5)		(5.2)
Basic Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	160,101		134,667		153,723		135,395
Basic Earnings Per Share:
Continuing operations	0.14		0.05		(0.89)		(0.09)
Discontinued operations	—		0.02		0.17		0.05
Net income (loss)	0.14		0.07		(0.72)		(0.04)
Diluted Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	160,101		134,667		153,723		135,395
Dilutive effect of Stock Options	916		686		—		—
Dilutive effect of Performance-based RSUs	132		644		—		—
Dilutive effect of Time-based RSUs	284		211		—		—
Weighted average common shares outstanding - diluted	161,433		136,208		153,723		135,395
Diluted Earnings Per Share:
Continuing operations	0.14		0.05		(0.89)		(0.09)
Discontinued operations	—		0.02		0.17		0.05
Net income (loss)	0.14		0.07		(0.72)		(0.04)

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 26, 2020	September 28, 2019	September 26, 2020	September 28, 2019
Stock Options	3,256	2,202	6,419	5,473
Performance-based RSUs 1	786	527	925	1,215
Time-based RSUs	5	3	490	358

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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.