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Share-Based Compensation (Tables)
9 Months Ended
Sep. 28, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share-Based Compensation Expense

The table below summarizes the share-based compensation expense for the three and nine months ended September 28, 2013 and September 29, 2012, respectively: 

    For the Three Months Ended     For the Nine Months Ended  

(in millions of U.S. dollars)

  September 28, 2013     September 29, 2012     September 28, 2013     September 29, 2012  

Stock options

  $ 0.2      $ 0.1      $ 0.6      $ 0.3   

Directors’ share award

    —          —          0.8        0.7   

Performance-based RSUs

    0.3        0.2        0.7        0.4   

Time-based RSUs

    0.6        1.0        1.5        2.1   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 1.1      $ 1.3      $ 3.6      $ 3.5   
 

 

 

   

 

 

   

 

 

   

 

 

 
Unrecognized Share-Based Compensation Expense

As of September 28, 2013, the unrecognized share-based compensation expense and years we expect to recognize the future compensation expense were as follows:

 

(in millions of U.S. dollars, except years)

  Unrecognized share-based
compensation expense as
of September  28, 2013
    Weighted average years
expected to recognize
compensation
 

Stock options

  $ 1.9        2.0   

Performance-based RSUs

    2.8        1.9   

Time-based RSUs

    4.1        1.9   
 

 

 

   

Total

  $ 8.8     
 

 

 

   
Stock Option Activity

Stock option activity for the nine months ended September 28, 2013 was as follows:

 

          Weighted average  
    Shares     exercise price  
    (in thousands)     (Canadian $)  

Balance at December 29, 2012

    468      $ 7.28   

Awarded

    392        9.36   

Exercised

    —          —     

Forfeited or expired

    —          —     
 

 

 

   

 

 

 

Outstanding at September 28, 2013

    860      $ 8.23   
 

 

 

   

 

 

 
   
 

 

 

   

 

 

 

Exercisable at September 28, 2013

    125      $ 9.49   
 

 

 

   

 

 

 
Performance-Based RSU and Time-Based RSU Activity

During the nine months ended September 28, 2013, Performance-based RSU and Time-based RSU activity was as follows:

 

(in thousands of shares)

  Number of
Performance-
based RSUs
    Number of
Time-based
RSUs
 

Balance at December 29, 2012

    825        529   

Awarded

    247        382   

Issued

    —          (15

Forfeited

    (26     (37
 

 

 

   

 

 

 

Outstanding at September 28, 2013

    1,046        859   
 

 

 

   

 

 

 
Average U.S. Dollar Exchange Rate

The table below represents the average Canadian dollar to U.S. dollar exchange rate for the nine months ended September 28, 2013:

 

     For the Nine Months Ended  
     September 28, 2013  

Average exchange rate

   $ 0.978