Net Income (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2018

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

	For the Three Months Ended
	March 31, 2018		April 1, 2017
Numerator (in millions):
Net income (loss) attributable to Cott Corporation
Continuing operations	$	4.6	$	(10.2	)
Discontinued operations		356.8		(26.2	)
Net income (loss)	$	361.4	$	(36.4	)
Basic Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding—basic		139,953		138,735
Basic Earnings Per Share:
Continuing operations	$	0.03	$	(0.07	)
Discontinued operations		2.55		(0.19	)
Net income (loss)	$	2.58	$	(0.26	)
Diluted Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding—basic		139,953		138,735
Dilutive effect of Stock Options		1,339		—
Dilutive effect of Performance based RSUs		821		—
Dilutive effect of Time-based RSUs		222		—
Weighted average common shares outstanding—diluted		142,335		138,735
Diluted Earnings Per Share:
Continuing operations	$	0.03	$	(0.07	)
Discontinued operations		2.51		(0.19	)
Net income (loss)	$	2.54	$	(0.26	)

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 Three Months Ended
(in thousands)	March 31, 2018		April 1, 2017
Stock Options		914		4,474
Performance-based RSUs1		627		1,824
Time-based RSUs		90		721

^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.