Net Income (Loss) per Common Share (Tables)

6 Months Ended

Jul. 04, 2015

Earnings Per Share [Abstract]

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

Set forth below is a reconciliation of the numerator and denominator for the diluted earnings per common share computations for the periods indicated:

Numerator

		For the Three Months Ended					For the Six Months Ended
(in millions of U.S. dollars)		July 4, 2015		June 28, 2014			July 4, 2015			June 28, 2014
Net income (loss) attributed to Cott Corporation		$	2.2	$	(5.9	)	$	(3.8	)	$	(10.0	)
Plus:
Accumulated dividends on convertible preferred shares	1		—		—			—			—
Foreign exchange impact on redemption of convertible preferred shares	1		—		—			—			—
Diluted net income (loss) attributed to Cott Corporation		$	2.2	$	(5.9	)	$	(3.8	)	$	(10.0	)

Denominator

		For the Three Months Ended				For the Six Months Ended
(in thousands)		July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Weighted average number of shares outstanding - basic			99,573		94,234		96,384		94,276
Dilutive effect of stock options			176		—		—		—
Dilutive effect of Performance-based RSUs	2		—		—		—		—
Dilutive effect of Time-based RSUs			416		—		—		—
Dilutive effect of Convertible Preferred Shares	1		—		—		—		—
Adjusted weighted average number of shares outstanding - diluted			100,165		94,234		96,384		94,276

1. For the three months ended July 4, 2015, we excluded the impact of the Convertible Preferred Shares from the computation of diluted net income per share as the Convertible Preferred Shares were anti-dilutive for purposes of calculating diluted net income per share as a result of the addition of the accumulated dividends and foreign exchange impact on redemption to net income per common share attributable to Cott Corporation to the numerator and the addition of 12,761,261 incremental common shares assumed outstanding applying the if-converted method to the denominator in such calculation.

2. For the three months ended July 4, 2015, we excluded the outstanding Performance-based RSUs from the computation of diluted net income per share as the performance conditions would not have been satisfied assuming July 4, 2015 was the end of the performance measurement period.