Earnings Per Share

9 Months Ended

Oct. 01, 2016

11. Earnings (Loss) Per Share

Earnings (loss) per share are calculated as follows:

			Quarter ended				Three quarters ended
		October 1, 2016		October 3, 2015		October 1, 2016		October 3, 2015
Earnings (loss) from continuing operations
	attributable to SunOpta Inc.	$	(3,355)	$	(194)	$	(17,142)	$	10,556
Earnings (loss) from discontinued operations
	attributable to SunOpta Inc.		-		508		(570)		(2,959)
Earnings (loss) attributable to SunOpta Inc.		$	(3,355)	$	314	$	(17,712)	$	7,597

Basic weighted-average number of
	shares outstanding		85,618,870		69,180,603		85,528,512		68,198,611
Dilutive potential of the following:
	Employee/director stock options and RSUs		31,582		-		20,534		207,190
Diluted weighted-average number of
	shares outstanding		85,650,452		69,180,603		85,549,046		68,405,801

Earnings (loss) per share - basic:
	- from continuing operations	$	(0.04)	$	-	$	(0.20)	$	0.15
	- from discontinued operations		-		0.01		(0.01)		(0.04)
		$	(0.04)	$	-	$	(0.21)	$	0.11

Earnings (loss) per share - diluted:
	- from continuing operations	$	(0.04)	$	-	$	(0.20)	$	0.15
	- from discontinued operations		-		0.01		(0.01)		(0.04)
		$	(0.04)	$	-	$	(0.21)	$	0.11

For the quarter ended October 1, 2016, stock options to purchase 1,873,871 (October 3, 2015  870,192) common shares were excluded from the calculation of potential dilutive common shares due to their anti-dilutive effect. For the three quarters ended October 1, 2016, stock options to purchase 2,453,271 (October 3, 2015  405,996) common shares were excluded from the calculation of potential dilutive common shares due to their anti-dilutive effect.

For the quarter and three quarters ended October 1, 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.