Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 02, 2016

Impact of the Reclassification to Selling, General and Administrative Expenses from Cost of Sales as Presented in the Consolidated Statement of Operations

Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. For the year ended December 28, 2013, the Company concluded that it was appropriate to reclassify the amortization of customer list intangible assets to selling, general and administrative (“SG&A”) expenses. Previously, such amortization had been classified as cost of sales. Accordingly, the Company has changed the classification to report these SG&A expenses in the Consolidated Statement of Operations for the year ended December 28, 2013. Also, for the years ended January 3, 2015 and December 28, 2013, the Company concluded that it was appropriate to reclassify acquisition and integration expenses separately. Previously, such expenses had been classified as SG&A expenses. Accordingly, the Company has changed the classification to report these expenses separately in the Consolidated Statements of Operations for the years ended January 3, 2015 and December 28, 2013. Additionally, as of January 3, 2015, the Company concluded that it was appropriate to reclassify certain acquired assets in connection with the DSS Acquisition (see Note 2 to the Consolidated Financial Statements) from inventories to property, plant and equipment, net to be consistent with Cott’s historical accounting treatment. Accordingly, the Company has changed the classification to report these assets under property, plant and equipment, net in the Consolidated Balance Sheet as of January 3, 2015. The impact of the reclassifications are shown in the tables below:


(in millions of U.S. dollars)	For the Year Ended December 28, 2013
Decrease to cost of sales	$	(22.7	)
Increase to SG&A expenses	$	22.7


(in millions of U.S. dollars)	For the Year Ended January 3, 2015			For the Year Ended December 28, 2013
Decrease to SG&A expenses	$	(41.3	)	$	(3.1	)
Increase to acquisition and integration expenses	$	41.3		$	3.1


(in millions of U.S. dollars)	January 3, 2015
Decrease to inventories	$	(8.9	)
Increase to property, plant and equipment, net	$	8.9

Schedule of Goodwill by Segment

The following table summarizes our goodwill on a reporting segment basis as of January 2, 2016 and January 3, 2015:


	Reporting Segment
(in millions of U.S. dollars)	Cott North America			DSS		Cott U.K.			All Other		Total
Balance December 29, 2013	$	125.9		$	—	$	8.8		$	4.5	$	139.2
Goodwill acquired during the year		—			556.9		54.5			—		611.4
Foreign exchange		(2.2	)		—		(4.8	)		—		(7.0	)

Balance January 3, 2015	$	123.7		$	556.9	$	58.5		$	4.5	$	743.6
Goodwill acquired during the year		—			4.7		—			—		4.7
Adjustments¹		—			17.5		—			—		17.5
Foreign exchange		(3.7	)		—		(2.5	)		—		(6.2	)

Balance January 2, 2016	$	120.0		$	579.1	$	56.0		$	4.5	$	759.6

^1.	During the fiscal year ended January 2, 2016, we recorded adjustments to goodwill allocated to the DSS segment in connection with the DSS Acquisition (see Note 2 to the Consolidated Financial Statements).