Acquisitions (Tables)

12 Months Ended

Dec. 30, 2017

Unaudited Pro Forma Financial Information

 The unaudited pro forma financial information does not necessarily reflect the results of operations that would have occurred had we operated as a single entity during such periods.

	For the Year Ended
(in millions of U.S. dollars, except per share amounts)	December 31, 2016			January 2, 2016
Revenue	$	2,185.5		$	2,157.4
Net loss from continuing operations	$	(38.6	)	$	(28.6	)
Net loss attributed to Cott Corporation	$	(58.2	)	$	(47.8	)
Net loss per common share from continuing operations	$	(0.28	)	$	(0.25	)
Net loss per common share attributed to Cott Corporation, diluted	$	(0.42	)	$	(0.41	)

S&D Acquisition [Member]

Business Combination Transfer Consideration

The total consideration paid by Cott in the S&D Acquisition is summarized below:

(in millions of U.S. dollars)
Cash paid to sellers	$	232.1
Cash paid on behalf of sellers for sellers’ transaction expenses		84.2
Cash paid to retire outstanding debt on behalf of sellers		37.8
Working capital settlement		(0.5	)
Total consideration	$	353.6

Allocation of Purchase Price to Fair Value of Assets Acquired and Liabilities Assumed

The table below summarizes the originally reported estimated acquisition date fair values, measurement period adjustments recorded and the final purchase price allocation of the assets acquired and liabilities assumed:

(in millions of U.S. dollars)	Originally Reported			Measurement Period Adjustments			Acquired Value
Cash	$	1.7		$	—		$	1.7
Accounts receivable		51.4			—			51.4
Inventory		62.5			—			62.5
Prepaid expenses and other assets		2.3			—			2.3
Property, plant & equipment		92.9			(0.7	)		92.2
Goodwill		117.1			0.7			117.8
Intangible assets		119.0			—			119.0
Other assets		2.2			—			2.2
Accounts payable and accrued liabilities		(46.7	)		(0.2	)		(46.9	)
Deferred tax liabilities		(43.3	)		0.2			(43.1	)
Other long-term liabilities		(5.5	)		—			(5.5	)
Total	$	353.6		$	—		$	353.6

Components of Identified Intangible Assets and Estimated Weighted Average Useful Lives

The following table sets forth the components of identified intangible assets associated with the S&D Acquisition and their estimated weighted average useful lives:

(in millions of U.S. dollars)	Estimated Fair Market Value		Weighted Average Estimated Useful Life
Customer relationships	$	113.7	17 years
Non-competition agreements		3.0	3 years
Software		2.3	2 years
Total	$	119.0

Eden Acquisition [Member]

Business Combination Transfer Consideration

The total consideration paid by Cott in the Eden Acquisition is summarized below:

(in millions of U.S. dollars)
Cash paid to sellers	$	86.5
Cash paid on behalf of sellers to retire outstanding indebtedness		420.2
Cash paid to retire sellers financing payables, net		71.8
Working capital settlement		(2.2	)
Total consideration	$	576.3

Allocation of Purchase Price to Fair Value of Assets Acquired and Liabilities Assumed

The table below summarizes the originally reported estimated acquisition date fair values, measurement period adjustments recorded and the final purchase price allocation of the assets acquired and liabilities assumed:

(in millions of U.S. dollars)	Originally Reported			Measurement Period Adjustments			Acquired Value
Cash & cash equivalents	$	19.6		$	—		$	19.6
Accounts receivable		95.4			(1.0	)		94.4
Inventories		17.7			—			17.7
Prepaid expenses and other current assets		6.2			—			6.2
Property, plant & equipment		107.1			(8.2	)		98.9
Goodwill		299.7			0.1			299.8
Intangible assets		213.2			(0.7	)		212.5
Other assets		2.8			—			2.8
Deferred tax assets		19.5			—			19.5
Current maturities of long-term debt		(2.7	)		—			(2.7	)
Accounts payable and accrued liabilities		(128.3	)		(0.5	)		(128.8	)
Long-term debt		(3.1	)		—			(3.1	)
Deferred tax liabilities		(49.5	)		3.5			(46.0	)
Other long-term liabilities		(21.3	)		6.8			(14.5	)
Total	$	576.3		$	—		$	576.3

Components of Identified Intangible Assets and Estimated Weighted Average Useful Lives

The following table sets forth the components of identified intangible assets associated with the Eden Acquisition and their estimated weighted average useful lives:

(in millions of U.S. dollars)	Estimated Fair Market Value		Estimated Useful Life
Customer relationships	$	134.1	15 years
Trademarks and trade names		72.7	Indefinite
Software		5.7	3-5 years
Total	$	212.5

Aquaterra Corporation [Member]

Allocation of Purchase Price to Fair Value of Assets Acquired and Liabilities Assumed

The table below summarizes the allocation of the purchase price to the fair value of the assets acquired and liabilities assumed:

(in millions of U.S. dollars)	Acquired Value
Cash	$	1.3
Accounts receivable		7.1
Inventories		2.1
Prepaid expenses and other current assets		0.4
Property, plant & equipment		12.3
Goodwill		21.2
Intangible assets		15.8
Other assets		0.8
Accounts payable and accrued liabilities		(16.3	)
Long-term debt		(0.4	)
Other long-term liabilities		(0.3	)
Total	$	44.0

Components of Identified Intangible Assets and Estimated Weighted Average Useful Lives

The following table sets forth the components of identified intangible assets associated with the Aquaterra Acquisition and their estimated weighted average useful lives:

(in millions of U.S. dollars)	Estimated Fair Market Value		Estimated Useful Life
Customer relationships	$	11.4	12 years
Trademarks and trade names		4.4	Indefinite
Total	$	15.8