Common Shares and Net Loss Per Common Share (Tables)

3 Months Ended

Apr. 02, 2016

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

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


	For the Three Months Ended
(in millions of U.S. dollars)	April 2, 2016			April 4, 2015
Net loss attributed to Cott Corporation	$	(3.3	)	$	(6.0	)
Plus:
Accumulated dividends on Convertible Preferred Shares		—			—

Diluted net loss attributed to Cott Corporation (numerator)	$	(3.3	)	$	(6.0	)


	For the Three Months Ended
(in thousands)	April 2, 2016		April 4, 2015
Weighted-average common shares outstanding - basic		113,267		93,196
Dilutive effect of Stock Options		—		—
Dilutive effect of Performance-based RSUs		—		—
Dilutive effect of Time-based RSUs		—		—
Dilutive effect of Convertible Preferred Shares		—		—

Weighted-average common shares outstanding - diluted (denominator)		113,267		93,196

Summary of the Anti-dilutive Securities Excluded from the Computation of Diluted Net Loss Per Common Share

The following table summarizes anti-dilutive securities excluded from the computation of diluted net loss per common share for the periods indicated:


	For the Three Months Ended
(in thousands)	April 2, 2016		April 4, 2015
Stock Options		2,892		1,801
Performance-based RSUs¹		2,003		1,546
Time-based RSUs		733		849
Convertible Preferred Shares		—		18,480

^1.	Performance-based RSUs represent the number of shares expected to be issued based primarily on the estimated achievement of cumulative pre-tax income targets for these awards.