Share Based Compensation (Tables)

12 Months Ended

Dec. 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 years ended December 28, 2013, December 29, 2012, and December 31, 2011. 

	For the Year Ended
(in millions of U.S. dollars)	December 28, 2013		December 29, 2012		December 31, 2011
Stock options	$	0.8	$	0.4	$	—
Performance-based RSUs		0.2		0.7		(1.2	)
Time-based RSUs		2.2		3.1		3.4
Directors’ share awards		0.8		0.7		0.7
Total	$	4.0	$	4.9	$	2.9

Unrecognized Share-based Compensation Expense

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

(in millions of U.S. dollars, except years)	Unrecognized share-based compensation expense as of December 28, 2013		Weighted average years expected to recognize compensation
Stock options	$	1.7		1.7
Performance-based RSUs		0.5		1.0
Time-based RSUs		3.4		1.8
Total	$	5.6

Schedule of Stock Option Assumptions

The fair value of each option granted during the years ended December 28, 2013 and December 29, 2012 was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions:

	For the Year Ended
	December 28, 2013			December 29, 2012			December 31, 2011
Risk-free interest rate		1.7	%		2.4	%		n/a
Average expected life (years)		10.0			6.5			n/a
Expected volatility		32.3	%		66.4	%		n/a
Expected dividend yield		—			—			n/a

Stock Option Activity

Stock option activity was as follows:

	Shares (in thousands)			Weighted average exercise price (C$)		Weighted average remaining contractual term (years)		Aggregate intrinsic value (C$) (in thousands)
Balance at January 1, 2011		704		$	16.67		4.2	$	625.0
Exercised		(275	)		1.32
Forfeited or expired		(145	)		38.27
Balance at December 31, 2011		284		$	20.47		1.7	$	263.0
Granted		385			6.47
Forfeited or expired		(201	)		24.40
Balance at December 29, 2012		468		$	7.28		7.3	$	819.9
Granted		392			9.36
Forfeited or expired		(30	)		6.47
Balance at December 28, 2013		830		$	8.29		7.6	$	1,068.7
Vested at December 28, 2013		125		$	9.49		1.1	$	386.3
Exercisable at December 28, 2013		125		$	9.49		1.1	$	386.3

Schedule of Stock Option Outstanding

Outstanding options at December 28, 2013 were as follows:

		Options Outstanding						Options Exercisable
Exercise Prices (C$)		Number Exercisable (in thousands)		Remaining Contractual Life (Years)		Weighted Average Exercise Price (C$)		Number Exercisable (in thousands)		Weighted Average Exercise Price (C$)
$	3.50		75		1.6	$	3.50		75	$	3.50
$	6.47		313		8.2	$	6.47		—	$	—
$	9.36		392		9.3	$	9.36		—	$	—
$	18.48		50		0.3	$	18.48		50	$	18.48
			830		7.6	$	8.29		125	$	9.49

Performance-based RSU and Time-Based RSU Activity

During the year ended December 28, 2013, Performance-based RSU and Time-based RSU activity was as follows:

(in thousands)	Number of Performance- based RSUs			Weighted Average Grant-Date Fair Value		Number of Time-based RSUs			Weighted Average Grant-Date Fair Value
Balance at December 29, 2012		825		$	7.82		529		$	7.20
Awarded		247			9.29		382			9.29
Issued		—			—		(32	)		7.40
Cancelled		(508	)		8.54		—			—
Forfeited		(30	)		7.87		(48	)		7.30
Outstanding at December 28, 2013		534		$	7.81		831		$	8.04

Average U.S. Dollar Exchange Rate

The table below represents the average Canadian dollar to U.S. dollar exchange rate for the fiscal years ended 2013, 2012 and 2011.

	For the Year Ended
	December 28, 2013		December 29, 2012		December 31, 2011
Average exchange rate	$	0.973	$	1.000	$	1.012