Commitments and Contingencies

12 Months Ended

Dec. 28, 2013

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 18—Commitments and Contingencies

We lease buildings, machinery and equipment, computer hardware and furniture and fixtures. All contractual increases and rent free periods included in the lease contract are taken into account when calculating the minimum lease payment and recognized on a straight-line basis over the lease term. Certain leases have renewal periods and contingent rentals, which are not included in the table below. The minimum annual payments under operating leases are as follows:

(in millions of U.S. dollars)
2014	$	17.7
2015		16.5
2016		14.0
2017		11.3
2018		9.7
Thereafter		20.1
Total	$	89.3

Operating lease expenses were:

(in millions of U.S. dollars)
Year ended December 28, 2013	$	21.4
Year ended December 29, 2012		23.8
Year ended December 31, 2011		25.9
Total	$	71.1

Operating lease expenses are shown net of sublease income of $0.3 million for 2013. As of December 28, 2013, we had commitments for capital expenditures of approximately $11.0 million.

On August 17, 2010, we completed the Cliffstar Acquisition, which included contingent consideration of up to $55.0 million. Contingent consideration of $34.9 million was ultimately paid to the seller of Cliffstar, and all claims for contingent consideration have been resolved as of December 28, 2013.

In June 2013, we completed the Calypso Soft Drinks Acquisition which included deferred payments of $2.3 million and $3.0 million to be paid on the first and second anniversary of the closing date.

We are subject to various claims and legal proceedings with respect to matters such as governmental regulations, and other actions arising out of the normal course of business. Management believes that the resolution of these matters will not have a material adverse effect on our financial position, results of operations, or cash flow.

We had $7.5 million in standby letters of credit outstanding as of December 28, 2013 ($11.0 million— December 29, 2012; $9.7 million—December 31, 2011).

We have future purchase obligations of $177.8 million that consist of commitments for the purchase of inventory, energy transactions, and payments related to professional fees and information technology outsourcing agreements. These obligations represent the minimum contractual obligations expected under the normal course of business.