Quarter ended

March

28, 2020

March

30, 2019

Basic Earnings Per Share

Numerator for basic earnings per share

Earnings attributable to SunOpta Inc.

$

3,361

$

25,649

Less: dividends and accretion on Series A Preferred Stock

(2,025

)

(1,995

)

Earnings attributable to common shareholders

$

1,336

$

23,654

Denominator for basic earnings per share

Basic weighted-average number of shares outstanding

88,161

87,475

Basic earnings per share

$

0.02

$

0.27

Diluted Earnings Per Share

Numerator for diluted earnings per share

Earnings attributable to SunOpta Inc.

$

3,361

$

25,649

Less: dividends and accretion on Series A Preferred Stock⁽¹⁾

(2,025

)

—

Earnings attributable to common shareholders

$

1,336

$

25,649

Denominator for diluted earnings per share

Basic weighted-average number of shares outstanding

88,161

87,475

Dilutive effect of the following:

Stock options and restricted stock units⁽¹⁾

1,136

191

Series A Preferred Stock⁽²⁾

—

11,333

Diluted weighted-average number of shares outstanding

89,297

98,999

Diluted earnings per share

$

0.01

$

0.26