Net Loss Per Common Share (Tables)

3 Months Ended

Apr. 04, 2015

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominators of Basic and Diluted Net Income Per Common Share

Set forth below is a reconciliation of the numerator and denominator for the diluted earnings per common share computations for the periods indicated:

Numerator

	For the Three Months Ended
(in millions of U.S. dollars)	April 4, 2015			March 29, 2014
Net loss attributed to Cott Corporation	$	(6.0	)	$	(4.1	)
Plus:
Accumulated dividends on convertible preferred shares 1		2.7			—
Diluted net loss attributed to Cott Corporation	$	(3.3	)	$	(4.1	)

Denominator

	For the Three Months Ended
(in thousands)	April 4, 2015		March 29, 2014
Weighted average number of shares outstanding - basic		93,196		94,319
Dilutive effect of stock options		—		—
Dilutive effect of Performance-based RSUs		—		—
Dilutive effect of Time-based RSUs		—		—
Dilutive effect of Convertible Preferred Shares		—		—
Adjusted weighted average number of shares outstanding - diluted		93,196		94,319

^1.  The accumulated dividends on Convertible Preferred Shares were added back to the numerator to calculate diluted net loss per common share because the Convertible Preferred Shares were assumed to have been converted at the time of issuance for purposes of this calculation.