Earnings Per Share

6 Months Ended

Jul. 02, 2016

11. Earnings (Loss) Per Share

Earnings (loss) per share are calculated as follows:

			Quarter ended				Two quarters ended
		July 2, 2016		July 4, 2015		July 2, 2016		July 4, 2015
Earnings (loss) from continuing operations
	attributable to SunOpta Inc.	$	(4,124)	$	4,796	$	(13,787)	$	10,750
Earnings (loss) from discontinued operations
	attributable to SunOpta Inc.		-		(2,747)		(570)		(3,467)
Earnings (loss) attributable to SunOpta Inc.		$	(4,124)	$	2,049	$	(14,357)	$	7,283

Basic weighted-average number of
	shares outstanding		85,540,722		67,895,257		85,483,333		67,725,800
Dilutive potential of the following:
	Employee/director stock options and RSUs		16,304		330,523		17,288		321,080
Diluted weighted-average number of
	shares outstanding		85,557,026		68,225,780		85,500,621		68,046,880

Earnings (loss) per share - basic:
	- from continuing operations	$	(0.05)	$	0.07	$	(0.16)	$	0.16
	- from discontinued operations		-		(0.04)		(0.01)		(0.05)
		$	(0.05)	$	0.03	$	(0.17)	$	0.11

Earnings (loss) per share - diluted:
	- from continuing operations	$	(0.05)	$	0.07	$	(0.16)	$	0.16
	- from discontinued operations		-		(0.04)		(0.01)		(0.05)
		$	(0.05)	$	0.03	$	(0.17)	$	0.11

For the quarter ended July 2, 2016, stock options to purchase 3,187,777 (July 4, 2015  385,616 ) common shares were excluded from the calculation of potential dilutive common shares due to their anti-dilutive effect. For the two quarters ended July 2, 2016, stock options to purchase 3,184,777 (July 4, 2015  385,616 ) common shares were excluded from the calculation of potential dilutive common shares due to their anti-dilutive effect.

For the quarter and two quarters ended July 2, 2016, all potential dilutive common shares were excluded from the calculation of diluted loss per share due to their anti-dilutive effect of reducing the loss per share.