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

6 Months Ended

Jun. 27, 2020

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 (loss) income per common share computations for the periods indicated:

	For the Three Months Ended				For the Six Months Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Numerator (in millions of U.S. dollars):
Net (loss) income from continuing operations	$	(131.7)	$	2.7	$	(159.1)	$	(20.0)
Net (loss) income from discontinued operations	(4.3)		1.7		26.6		4.7
Net (loss) income	(136.0)		4.4		(132.5)		(15.3)
Basic Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	159,931		135,569		150,535		135,758
Basic Earnings Per Share:
Continuing operations	(0.82)		0.02		(1.06)		(0.15)
Discontinued operations	(0.03)		0.01		0.18		0.04
Net (loss) income	(0.85)		0.03		(0.88)		(0.11)
Diluted Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	159,931		135,569		150,535		135,758
Dilutive effect of Stock Options	—		919		—		—
Dilutive effect of Performance-based RSUs	—		618		—		—
Dilutive effect of Time-based RSUs	—		200		—		—
Weighted average common shares outstanding - diluted	159,931		137,306		150,535		135,758
Diluted Earnings Per Share:
Continuing operations	(0.82)		0.02		(1.06)		(0.15)
Discontinued operations	(0.03)		0.01		0.18		0.04
Net (loss) income	(0.85)		0.03		(0.88)		(0.11)

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 (loss) income per common share for the periods indicated:

	For the Three Months Ended		For the Six Months Ended
(in thousands)	June 27, 2020	June 29, 2019	June 27, 2020	June 29, 2019
Stock Options	6,510	2,164	6,510	5,435
Performance-based RSUs 1	924	568	924	1,254
Time-based RSUs	511	2	511	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.