Quarterly Financial Information (unaudited)

12 Months Ended

Jan. 02, 2021

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (unaudited)

Quarterly Financial Information (unaudited)

	Year Ended January 2, 2021
(in millions of U.S. dollars, except per share amounts)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
Revenue, net	$	474.2	$	456.8	$	517.5	$	505.0	$	1,953.5
Cost of sales	200.9		202.1		213.4		223.2		839.6
Gross profit	273.3		254.7		304.1		281.8		1,113.9
Selling, general and administrative expenses	255.1		246.7		257.2		247.6		1,006.6
Loss on disposal of property plant and equipment, net	1.4		2.5		2.3		4.4		10.6
Acquisition and integration expenses	20.8		4.3		3.3		5.3		33.7
Goodwill and intangible asset impairment charges	—		115.2		—		—		115.2
Operating (loss) income	(4.0)		(114.0)		41.3		24.5		(52.2)
Net (loss) income from continuing operations	(27.4)		(131.7)		22.3		(20.0)		(156.8)
Net income (loss) from discontinued operations, net of income taxes	30.9		(4.3)		(0.3)		(1.2)		25.1
Net income (loss) attributable to Primo Water Corporation	$	3.5	$	(136.0)	$	22.0	$	(21.2)	$	(131.7)
Per share data:
Net income (loss) per common share attributable to Primo Water Corporation
Basic:
Continuing operations	$	(0.19)	$	(0.82)	$	0.14	$	(0.12)	$	(1.01)
Discontinued operations	$	0.22	$	(0.03)	$	—	$	(0.01)	$	0.16
Net income (loss)	$	0.02	$	(0.85)	$	0.14	$	(0.13)	$	(0.85)
Diluted:
Continuing operations	$	(0.19)	$	(0.82)	$	0.14	$	(0.12)	$	(1.01)
Discontinued operations	$	0.22	$	(0.03)	$	—	$	(0.01)	$	0.16
Net income (loss)	$	0.02	$	(0.85)	$	0.14	$	(0.13)	$	(0.85)

	Year Ended December 28, 2019
(in millions of U.S. dollars, except per share amounts)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
Revenue, net	$	427.7	$	455.6	$	472.1	$	440.0	$	1,795.4
Cost of sales	184.6		184.0		185.8		179.8		734.2
Gross profit	243.1		271.6		286.3		260.2		1,061.2
Selling, general and administrative expenses	235.8		245.7		244.2		236.5		962.2
Loss on disposal of property, plant and equipment, net	1.9		1.7		1.1		2.9		7.6
Acquisition and integration expenses	4.7		2.7		2.6		6.4		16.4
Operating income	0.7		21.5		38.4		14.4		75.0
Net (loss) income from continuing operations	(22.7)		2.7		7.3		1.9		(10.8)
Net income from discontinued operations, net of income taxes	3.0		1.7		2.8		6.2		13.7
Net (loss) income attributable to Primo Water Corporation	$	(19.7)	$	4.4	$	10.1	$	8.1	$	2.9
Per share data:
Net (loss) income per common share attributable to Primo Water Corporation
Basic:
Continuing operations	$	(0.17)	$	0.02	$	0.05	$	0.01	$	(0.08)
Discontinued operations	$	0.03	$	0.01	$	0.02	$	0.05	$	0.10
Net (loss) income	$	(0.14)	$	0.03	$	0.07	$	0.06	$	0.02
Diluted:
Continuing operations	$	(0.17)	$	0.02	$	0.05	$	0.01	$	(0.08)
Discontinued operations	$	0.03	$	0.01	$	0.02	$	0.05	$	0.10
Net (loss) income	$	(0.14)	$	0.03	$	0.07	$	0.06	$	0.02