Earnings (loss) per share

12 Months Ended

Dec. 30, 2017

20. Loss Per Share

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

			December 30, 2017		December 31, 2016		January 2, 2016
Numerator for basic loss per share:
	Loss from continuing operations, less amounts
		attributable to non-controlling interests	$	(135,320)	$	(50,618)	$	(2,996)
	Less: dividends and accretion on Series A Preferred Stock			(7,809)		(1,812)		-
	Loss from continuing operations available to
		common shareholders		(143,129)		(52,430)		(2,996)
	Loss from discontinued operations attributable to SunOpta Inc.			-		(570)		(19,475)
	Loss available to common shareholders		$	(143,129)	$	(53,000)	$	(22,471)

Denominator for basic loss per share:
	Basic weighted-average number of shares outstanding			86,355		85,569		72,408

Basic loss per share:
	- from continuing operations		$	(1.66)	$	(0.61)	$	(0.04)
	- from discontinued operations			-		(0.01)		(0.27)
			$	(1.66)	$	(0.62)	$	(0.31)

Numerator for diluted loss per share:
	Loss from continuing operations, less amounts
		attributable to non-controlling interests	$	(135,320)	$	(50,618)	$	(2,996)
	Less: dividends and accretion on Series A Preferred Stock⁽¹⁾			(7,809)		(1,812)		-
	Loss from continuing operations available to
		common shareholders		(143,129)		(52,430)		(2,996)
	Loss from discontinued operations attributable to SunOpta Inc.			-		(570)		(19,475)
	Loss available to common shareholders		$	(143,129)	$	(53,000)	$	(22,471)

Denominator for diluted loss per share:
	Basic weighted-average number of shares outstanding			86,355		85,569		72,408
	Dilutive effect of the following:
		Series A Preferred Stock⁽¹⁾		-		-		-
		Stock options⁽²⁾		-		-		-
	Diluted weighted-average number of shares outstanding			86,355		85,569		72,408

Diluted loss per share:
	- from continuing operations		$	(1.66)	$	(0.61)	$	(0.04)
	- from discontinued operations			-		(0.01)		(0.27)
			$	(1.66)	$	(0.62)	$	(0.31)

(1) For the years ended December 30, 2017 and December 31, 2016, 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 and 2,670,320 Common Shares issuable on an if-converted basis for the years ended December 30, 2017 and December 31, 2016, respectively.

(2) For the years ended December 30, 2017, December 31, 2016, and January 2, 2016, stock options to purchase 815,952, 66,166 and 54,316 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 years ended December 30, 2017, December 31, 2016 and January 2, 2016, options to purchase 2,540,189, 2,321,448 and 856,492 Common Shares were anti-dilutive because the exercise prices of these options were greater than the average market price.