Share-Based Compensation (Tables)

3 Months Ended

Apr. 04, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The table below summarizes the share-based compensation expense for the three months ended April 4, 2015 and March 29, 2014. This share-based compensation expense was recorded in SG&A expenses in our Consolidated Statements of Operations.


	For the Three Months Ended
(in millions of U.S. dollars)	April 4, 2015		March 29, 2014
Stock options	$	0.4	$	0.4
Performance-based RSUs		1.5		0.2
Time-based RSUs		0.5		0.7

Total	$	2.4	$	1.3

Unrecognized Share-based Compensation Expense

As of April 4, 2015, the unrecognized share-based compensation expense and years we expect to recognize it as compensation expense were as follows:


	Unrecognized share-based		Weighted average years
	compensation expense		expected to recognize
(in millions of U.S. dollars, except years)	as of April 4, 2015		compensation
Stock options	$	3.9		2.3
Performance-based RSUs		9.8		2.6
Time-based RSUs		4.2		2.0

Total	$	17.9

Stock Option Activity

Stock option activity for the three months ended April 4, 2015 was as follows:


	Shares			Weighted average
	(in thousands)			exercise price
Balance at January 3, 2015		1,221		$	7.77
Awarded		599			9.25
Exercised		(19	)		6.58

Outstanding at April 4, 2015		1,801		$	8.27

Exercisable at April 4, 2015		391		$	6.12

Performance-based RSU and Time-Based RSU Activity

During the three months ended April 4, 2015, Performance-based RSU and Time-based RSU activity was as follows:


	Number of			Weighted		Number of		Weighted
	Performance-			Average		Time-based		Average
	based RSUs			Grant-Date		RSUs		Grant-Date
	(in thousands)			Fair Value		(in thousands)		Fair Value
Balance at January 3, 2015		1,782		$	7.01		664	$	8.63
Awarded		279			9.25		185		9.25
Awarded in connection with modification		55			7.90		—		—
Issued		(255	)		6.87		—		—

Outstanding at April 4, 2015		1,861		$	7.39		849	$	8.77