Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Basic and diluted loss per share were calculated as follows (shares in thousands):

			Quarter ended				Three quarters ended
			September 30, 2017		October 1, 2016		September 30, 2017		October 1, 2016
Numerator for basic loss per share:
	Loss from continuing operations, less amount attributable
		to non-controlling interests	$	(6,027)	$	(3,355)	$	(17,833)	$	(17,142)
	Less: dividends and accretion on Series A Preferred Stock			(1,954)		-		(5,848)		-
	Loss from continuing operations available to common
		shareholders		(7,981)		(3,355)		(23,681)		(17,142)
	Loss from discontinued operations attributable to
		SunOpta Inc.		-		-		-		(570)
	Loss available to common shareholders		$	(7,981)	$	(3,355)	$	(23,681)	$	(17,712)

Denominator for basic loss per share:
	Basic weighted-average number of shares outstanding			86,541		85,619		86,232		85,529

Basic loss per share:
	- from continuing operations		$	(0.09)	$	(0.04)	$	(0.27)	$	(0.20)
	- from discontinued operations			-		-		-		(0.01)
			$	(0.09)	$	(0.04)	$	(0.27)	$	(0.21)

Numerator for diluted loss per share:
	Loss from continuing operations, less amount attributable
		to non-controlling interests	$	(6,027)	$	(3,355)	$	(17,833)	$	(17,142)
	Less: dividends and accretion on Series A Preferred Stock⁽¹⁾			(1,954)		-		(5,848)		-
	Loss from continuing operations available to common
		shareholders		(7,981)		(3,355)		(23,681)		(17,142)
	Loss from discontinued operations attributable to
		SunOpta Inc.		-		-		-		(570)
	Loss available to common shareholders		$	(7,981)	$	(3,355)	$	(23,681)	$	(17,712)

Denominator for diluted loss per share:
	Basic weighted-average number of shares outstanding			86,541		85,619		86,232		85,529
	Dilutive effect of the following:
		Series A Preferred Stock⁽¹⁾		-		-		-		-
		Stock options and RSUs⁽²⁾		-		-		-		-
	Diluted weighted-average number of shares outstanding			86,541		85,619		86,232		85,529

Diluted loss per share:
	- from continuing operations		$	(0.09)	$	(0.04)	$	(0.27)	$	(0.20)
	- from discontinued operations			-		-		-		(0.01)
			$	(0.09)	$	(0.04)	$	(0.27)	$	(0.21)

(1) For the quarter and three quarters ended September 30, 2017, it was more dilutive to assume the Preferred Stock was not converted into Common Shares and, therefore, the numerator of the diluted loss per share calculation was not adjusted to add back the dividends and accretion on the Preferred Stock and the denominator was not adjusted to include 11,333,333 Common Shares issuable on an if-converted basis.

(2) For the quarter and three quarters ended September 30, 2017, stock options and RSUs to purchase or receive 917,702 (October 1, 2016 – 31,582) and 850,013 (October 1, 2016 – 20,534) Common Shares, respectively, were excluded from the calculation of diluted loss per share due to their anti-dilutive effect of reducing the loss per share. In addition, for the quarter and three quarters ended September 30, 2017, options to purchase 1,518,129 (October 1, 2016 – 1,873,871) and 2,488,826 (October 1, 2016 – 2,453,271) Common Shares, respectively, were anti-dilutive because the exercise prices of these options were greater than the average market price.