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

12 Months Ended

Dec. 28, 2019

Reconciliation of Numerator and Denominators of Basic and Diluted Net (Loss) Income 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 Year Ended
	December 28, 2019			December 29, 2018		December 30, 2017
Numerator (in millions):
Net income (loss) attributable to Cott Corporation
Continuing operations	$	(0.1	)	$	28.9	$	(3.6	)
Discontinued operations	3.0			354.0		2.2
Net income (loss)	2.9			382.9		(1.4		)
Basic Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	135,224			139,097		139,078
Basic Earnings Per Share:
Continuing operations	—			0.21		(0.03		)
Discontinued operations	0.02			2.54		0.02
Net income (loss)	0.02			2.75		(0.01		)
Diluted Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	135,224			139,097		139,078
Dilutive effect of Stock Options	—			1,199		—
Dilutive effect of Performance based RSUs	—			900		—
Dilutive effect of Time-based RSUs	—			240		—
Weighted average common shares outstanding - diluted	135,224			141,436		139,078
Diluted Earnings Per Share:
Continued operations	—			0.21		(0.03		)
Discontinued operations	0.02			2.50		0.02
Net income (loss)	0.02			2.71		(0.01		)

Summary of the Anti-dilutive Securities Excluded from the Computation of Diluted Net Income (Loss) 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 Year Ended
(in thousands)	December 28, 2019	December 29, 2018	December 30, 2017
Stock options	6,493	2,095	5,006
Performance-based RSUs ¹	1,594	564	2,235
Time-based RSUs ²	397	148	493

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¹	Performance-based RSUs represent the number of shares expected to be issued based on the estimated achievement of pre-tax income for these awards.


²	Time-based RSUs represent the number of shares expected to be issued based on known employee retention information.