Income Tax Expense (Benefit) (Tables)

12 Months Ended

Dec. 28, 2013

Income Tax Disclosure [Abstract]

Income Before Income Taxes

Income before income taxes consisted of the following:

	For the Year Ended
(in millions of U.S. dollars)	December 28, 2013			December 29, 2012		December 31, 2011
Canada	$	30.7		$	22.9	$	20.1
Outside Canada		(6.5	)		34.0		20.4
Income before income taxes	$	24.2		$	56.9	$	40.5

Income Tax Expense (Benefit)

Income tax expense (benefit) consisted of the following:

	For the Year Ended
(in millions of U.S. dollars)	December 28, 2013			December 29, 2012			December 31, 2011
Current
Canada	$	(0.3	)	$	2.4		$	2.2
Outside Canada		(0.4	)		(1.6	)		0.5
	$	(0.7	)	$	0.8		$	2.7
Deferred
Canada	$	(0.6	)	$	0.6		$	0.8
Outside Canada		3.5			3.2			(4.2	)
	$	2.9		$	3.8		$	(3.4	)
Income tax expense (benefit)	$	2.2		$	4.6		$	(0.7	)

Reconciliation of Income Taxes

The following table reconciles income taxes calculated at the basic Canadian corporate rates with the income tax provision:

	For the Year Ended
(in millions of U.S. dollars)	December 28, 2013			December 29, 2012			December 31, 2011
Income tax expense based on Canadian statutory rates	$	6.1		$	14.4		$	10.9
Foreign tax rate differential		(0.7	)		1.2			(3.0	)
Tax exempt income		(15.1	)		(14.8	)		(14.2	)
Dividend income		—			0.7			1.0
Changes in enacted tax rates		(1.5	)		(0.8	)		(0.8	)
Increase in valuation allowance		12.5			4.0			10.3
Increase (decrease) to uncertain tax positions		0.8			(0.8	)		(0.9	)
Non-controlling interests		(1.8	)		(1.6	)		(1.3	)
Other items		1.9			2.3			(2.7	)
Income tax expense (benefit)	$	2.2		$	4.6		$	(0.7	)

Deferred Income Tax Assets and Liabilities

Deferred income tax assets and liabilities were recognized on temporary differences between the financial and tax bases of existing assets and liabilities as follows:

(in millions of U.S. dollars)	December 28, 2013			December 29, 2012
Deferred tax assets
Loss carryforwards	$	64.1		$	53.8
Leases		3.8			4.1
Property, plant & equipment		5.9			4.5
Liabilities and reserves		13.4			12.0
Stock options		1.9			0.9
Inventories		1.8			3.7
Other		4.6			4.1
		95.5			83.1
Deferred tax liabilities
Property, plant & equipment		(54.2	)		(63.6	)
Intangible assets		(25.0	)		(15.9	)
Other		(1.0	)		(0.8	)
		(80.2	)		(80.3	)
Valuation allowance		(45.2	)		(27.5	)
Net deferred tax liability	$	(29.9	)	$	(24.7	)

Schedule of Deferred Tax Assets and Liabilities

The deferred tax assets and liabilities have been classified as follows on the Consolidated Balance Sheets:

(in millions of U.S. dollars)	December 28, 2013			December 29, 2012
Deferred tax assets:
Current	$	8.2		$	11.1
Long-term		3.6			3.3
Deferred tax liabilities:
Current	$	(0.2	)	$	—
Long-term		(41.5	)		(39.1	)
Net deferred tax liability	$	(29.9	)	$	(24.7	)

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of our unrecognized tax benefits is as follows:

	For the Year Ended
(in millions of U.S. dollars)	December 28, 2013			December 29, 2012			December 31, 2011
Unrecognized tax benefits at beginning of year	$	9.2		$	9.0		$	13.3
Additions based on tax positions taken during a prior period		0.2			0.1			0.2
Reductions based on tax positions taken during a prior period		—			(2.2	)		—
Settlement on tax positions taken during a prior period		(1.2	)		—			(5.8	)
Lapse in statute of limitations		—			(0.1	)		—
Additions based on tax positions taken during the current period		2.4			2.2			1.7
Foreign exchange		(0.1	)		0.2			(0.4	)
Unrecognized tax benefits at end of year	$	10.5		$	9.2		$	9.0