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

6 Months Ended

Jul. 03, 2021

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominators of Basic and Diluted Net (Loss) Income 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				For the Six Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Numerator (in millions of U.S. dollars):
Net (loss) income from continuing operations	$	(8.3)	$	(131.7)	$	(18.5)	$	(159.1)
Net (loss) income from discontinued operations	—		(4.3)		—		26.6
Net loss	(8.3)		(136.0)		(18.5)		(132.5)
Basic Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	161,561		159,931		161,097		150,535
Basic Earnings Per Share:
Continuing operations	(0.05)		(0.82)		(0.11)		(1.06)
Discontinued operations	—		(0.03)		—		0.18
Net loss	(0.05)		(0.85)		(0.11)		(0.88)
Diluted Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	161,561		159,931		161,097		150,535
Dilutive effect of Stock Options	—		—		—		—
Dilutive effect of Performance-based RSUs	—		—		—		—
Dilutive effect of Time-based RSUs	—		—		—		—
Weighted average common shares outstanding - diluted	161,561		159,931		161,097		150,535
Diluted Earnings Per Share:
Continuing operations	(0.05)		(0.82)		(0.11)		(1.06)
Discontinued operations	—		(0.03)		—		0.18
Net loss	(0.05)		(0.85)		(0.11)		(0.88)

Summary of the Anti-dilutive Securities Excluded from the Computation of Diluted Net Income (Loss) 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 Six Months Ended
(in thousands)	July 3, 2021	June 27, 2020	July 3, 2021	June 27, 2020
Stock Options	5,719	6,510	5,719	6,510
Performance-based RSUs 1	836	924	836	924
Time-based RSUs	481	511	481	511

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1     Performance-based RSUs represent the number of shares expected to be issued based primarily on the estimated achievement of performance targets for these awards.