Revisions (Tables)

3 Months Ended

Apr. 04, 2015

Accounting Changes and Error Corrections [Abstract]

Effect of Revision on Financial Statements

The impact on the previously issued financial statements is detailed in the reconciliations below. These adjustments were not considered to be material individually or in the aggregate to previously issued financial statements.


	As previously filed			As revised
Consolidated Statements of Operations	For the three months ended March 29, 2014						Difference
(in millions of U.S. dollars)
Cost of sales ¹	$	424.8		$	424.6		$	(0.2	)
Gross profit ¹	$	50.3		$	50.5		$	0.2
Operating income	$	4.1		$	4.3		$	0.2
(Loss) income before income taxes	$	(3.4	)	$	(3.2	)	$	0.2
Income tax (benefit) expense	$	(0.9	)	$	(0.5	)	$	0.4
Net (loss) income	$	(2.5	)	$	(2.7	)	$	(0.2	)
Net loss attributed to Cott Corporation	$	(3.9	)	$	(4.1	)	$	(0.2	)

^1.

The revised balances do not include the reclassification of the amortization of customer list intangible assets from cost of sales to SG&A expenses as presented in the Consolidated Statement of Operations for the three months ended March 29, 2014 (see Note 1 to the Consolidated Financial Statements).


	As previously filed			As revised
Consolidated Statements of Comprehensive Income	For the three months ended March 29, 2014						Difference
(in millions of U.S. dollars)
Net (loss) income	$	(2.5	)	$	(2.7	)	$	(0.2	)
Comprehensive loss	$	(4.2	)	$	(4.4	)	$	(0.2	)
Comprehensive loss attributed to Cott Corporation	$	(5.6	)	$	(5.8	)	$	(0.2	)


	As previously filed			As revised
Consolidated Statements of Cash Flows	For the three months ended March 29, 2014						Difference
(in millions of U.S. dollars)
Operating Activities
Net (loss) income	$	(2.5	)	$	(2.7	)	$	(0.2	)
Depreciation & amortization	$	25.3		$	25.1		$	(0.2	)
Decrease in deferred income taxes	$	(1.1	)	$	(0.7	)	$	0.4


	As previously filed			As revised
Consolidated Statements of Equity	For the three months ended March 29, 2014						Difference
(in millions of U.S. dollars)
Retained earnings at December 28, 2013	$	176.3		$	174.8		$	(1.5	)
Total equity at December 28, 2013	$	605.9		$	604.4		$	(1.5	)
Retained earnings at March 29, 2014	$	167.3		$	165.6		$	(1.7	)
Total equity at March 29, 2014	$	595.2		$	593.5		$	(1.7	)
Net (loss) income	$	(2.5	)	$	(2.7	)	$	(0.2	)

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

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