Net (Loss) Income Per Common Share (Tables)

6 Months Ended

Jul. 01, 2017

Earnings Per Share [Abstract]

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

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

	For the Three Months Ended					For the Six Months Ended
(in thousands)	July 1, 2017			July 2, 2016		July 1, 2017			July 2, 2016
Diluted net (loss) income attributed to Cott Corporation (numerator)	$	(24.6	)	$	7.4	$	(61.0	)	$	4.6
Weighted average common shares outstanding—basic		139,000			123,239		138,867			118,253
Dilutive effect of Stock Options		—			548		—			424
Dilutive effect of Performance-based RSUs		—			—		—			—
Dilutive effect of Time-based RSUs		—			393		—			361
Weighted average common shares outstanding—diluted (denominator)		139,000			124,180		138,867			119,038

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

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

	For the Three Months Ended				For the Six Months Ended
(in thousands)	July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016
Stock Options		4,459		—		4,459		380
Performance-based RSUs1		1,862		1,995		1,862		1,995
Time-based RSUs		704		—		704		—

^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.