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Share capital (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure of share capital, reserves and other equity interest [Abstract]  
Disclosure of number and weighted average exercise prices of share options
A summary of changes to stock options outstanding is as follows:
 
 
Number of
outstanding
options

 
Weighted-
average
exercise price

 
 
(‘000’s)

 
(in Cdn.$)

 
 
 
 
 
Outstanding at December 31, 2017
 
57,602

 
2.70

Granted
 
25,380

 
3.35

Exercised
 
(12,347
)
 
2.40

Forfeited or expired
 
(3,003
)
 
3.50

Outstanding at December 31, 2018
 
67,632

 
2.96

Granted
 
4,764

 
4.28

Exercised
 
(35,340
)
 
2.78

Forfeited or expired
 
(990
)
 
3.42

Outstanding at December 31, 2019
 
36,066

 
3.29
Disclosure of range of exercise prices of outstanding share options
Stock options outstanding and exercisable as at December 31, 2019 are as follows:
Range of exercise prices
(in Cdn. $)
Number of outstanding options
(‘000’s)

Weighted- average years to expiry
Weighted-average exercise price
(in Cdn. $)

Number of exercisable options
(‘000’s)

Weighted-average exercise price
(in Cdn. $)

 
 
 
 
 
 
1.12 – 1.99
2,410

1.10
1.12

2,410

1.12

2.00 – 2.99
2,824

0.56
2.09

2,710

2.06

3.00 – 3.99
27,223

3.15
3.44

13,531

3.47

4.00 – 4.65
3,609

8.69
4.55

145

4.35

 
36,066

3.36
3.29

18,796

2.98
Disclosure of number and weighted average remaining contractual life of outstanding share options
Stock options outstanding and exercisable as at December 31, 2019 are as follows:
Range of exercise prices
(in Cdn. $)
Number of outstanding options
(‘000’s)

Weighted- average years to expiry
Weighted-average exercise price
(in Cdn. $)

Number of exercisable options
(‘000’s)

Weighted-average exercise price
(in Cdn. $)

 
 
 
 
 
 
1.12 – 1.99
2,410

1.10
1.12

2,410

1.12

2.00 – 2.99
2,824

0.56
2.09

2,710

2.06

3.00 – 3.99
27,223

3.15
3.44

13,531

3.47

4.00 – 4.65
3,609

8.69
4.55

145

4.35

 
36,066

3.36
3.29

18,796

2.98
Disclosure of number and weighted average exercise prices of other equity instruments
Summary of changes to RSUs outstanding:
 
Number of
outstanding
RSUs

 
(‘000’s)

 
 
Outstanding at December 31, 2017
1,270

Granted
1,455

Vested and converted to common shares
(671
)
Outstanding at December 31, 2018
2,054

Granted
2,963

Vested and converted to common shares
(1,083
)
Outstanding at December 31, 2019
3,934
Earnings per share
The following is the calculation of net income from continuing operations and diluted net income from continuing operations attributable to shareholders of the Company:
 
 
2019


2018

 
 
$

 
$

 
 
 
 
 
Net income from continuing operations
 
$
308,859

 
$
134,767

Non-controlling interests
 
(22,459
)
 
(16,183
)
Net income from continuing operations (attributable to shareholders of the Company)
 
286,400

 
118,584

Dilutive impact of gain on fair value of convertible notes
 
—

 
(10,651
)
Diluted net income from continuing operations (attributable to shareholders of the Company)
 
$
286,400

 
$
107,933


The following is the calculation of diluted net income attributable to shareholders of the Company:
 
 
2019

 
2018

 
 
$

 
$

 
 
 
 
 
Net income (attributable to shareholders of the Company)
 
$
293,382

 
$
28,938

Dilutive impact of gain on fair value of convertible notes
 
—

 
(10,651
)
Diluted net income (attributable to shareholders of the Company)
 
$
293,382

 
$
18,287


The following is the calculation of diluted weighted average number of common shares outstanding for the year:
 
 
2019

 
2018

 
 
$

 
$

 
 
 
 
 
Basic weighted average number of common shares outstanding (in thousands)
 
1,014,100

 
986,755

 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
Convertible notes
 
—

 
49,393

Stock options
 
8,021

 
10,762

Restricted share units
 
794

 
458

Diluted weighted average number of common shares outstanding (in thousands)
 
1,022,915

 
1,047,368


The following is the basic and diluted earnings per share from continuing operations:
 
 
2019

 
2018

 
 
$

 
$

 
 
 
 
 
Earnings per share from continuing operations (attributable to shareholders of the Company)
 
 
 
 
Basic
 
$
0.28

 
$
0.12

Diluted
 
$
0.28

 
$
0.10


The following is the basic and diluted earnings per share:
 
 
2019

 
2018

 
 
$

 
$

 
 
 
 
 
Earnings per share (attributable to shareholders of the Company)
 
 
 
 
Basic
 
$
0.29

 
$
0.03

Diluted
 
$
0.29

 
$
0.02