Common Shares and Net Income (Loss) per Common Share - (Tables)

6 Months Ended

Jun. 29, 2019

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominators of Basic and Diluted Net Income (Loss) Per Common Share

Set forth below is a reconciliation of the numerator and denominator for the diluted net income (loss) per common share computations for the periods indicated:

	For the Three Months Ended					For the Six Months Ended
	June 29, 2019		June 30, 2018			June 29, 2019			June 30, 2018
Numerator (in millions of U.S. dollars):
Net income (loss) attributable to Cott Corporation
Continuing operations	$	4.4	$	12.2		$	(15.3	)	$	16.8
Discontinued operations	—		(1.4		)	—			355.4
Net income (loss)	4.4		10.8			(15.3		)	372.2
Basic Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	135,569		139,768			135,758			139,860
Basic Earnings Per Share:
Continuing operations	0.03		0.09			(0.11		)	0.12
Discontinued operations	—		(0.01		)	—			2.54
Net income (loss)	0.03		0.08			(0.11		)	2.66
Diluted Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	135,569		139,768			135,758			139,860
Dilutive effect of Stock Options	919		1,058			—			1,277
Dilutive effect of Performance-based RSUs	618		626			—			760
Dilutive effect of Time-based RSUs	200		209			—			223
Weighted average common shares outstanding - diluted	137,306		141,661			135,758			142,120
Diluted Earnings Per Share:
Continuing operations	0.03		0.09			(0.11		)	0.12
Discontinued operations	—		(0.01		)	—			2.50
Net income (loss)	0.03		0.08			(0.11		)	2.62

Summary of the Anti-dilutive Securities Excluded from the Computation of Diluted Net (Loss) Income Per Common Share

The following table summarizes anti-dilutive securities excluded from the computation of diluted net income (loss) per common share for the periods indicated:

	For the Three Months Ended		For the Six Months Ended
(in thousands)	June 29, 2019	June 30, 2018	June 29, 2019	June 30, 2018
Stock Options	2,164	653	5,435	1,143
Performance-based RSUs 1	568	766	1,254	766
Time-based RSUs	2	—	365	—

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¹

Performance-based RSUs represent the number of shares expected to be issued based primarily on the estimated achievement of cumulative pre-tax income targets for these awards.