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Capital Stock (Tables)
 12 Months Ended
Dec. 31, 2017
Share Capital and Share-based Payment Arrangements [Abstract]  
Disclosure of Detailed Information About Capital Transactions
Number of shares (in millions)
Subordinate Voting Shares
 
Multiple Voting Shares
Issued and outstanding at December 31, 2014
155.6

 
18.9

Issued from treasury(i)
1.3

 
—

Cancelled under NCIB or SIB (defined below)
(32.4
)
 
—

Issued and outstanding at December 31, 2015
124.5

 
18.9

Issued from treasury(i)
0.6

 
—

Cancelled under NCIB (defined below)
(3.2
)
 
—

Issued and outstanding at December 31, 2016
121.9

 
18.9

Issued from treasury(i)
2.8

 
—

Cancelled under NCIB
(1.9
)
 
—

Other(ii)
0.35

 
(0.35
)
Issued and outstanding at December 31, 2017
123.2

 
18.6

    
(i)
During 2017, we issued 1.7 million (2016 — 0.6 million; 2015 — 0.5 million) subordinate voting shares from treasury upon the exercise of employee stock options for aggregate cash proceeds of $13.6 (2016 — $4.1; 2015 — $3.9). We also issued 1.1 million (2016 — nil; 2015 — 0.8 million) subordinate voting shares from treasury with ascribed values of $9.8 (2016 — nil; 2015 — $6.5) upon the vesting of certain RSUs. We also settled RSUs and PSUs with subordinate voting shares purchased in the open market. Settlement of these awards is described below.
(ii)
During 2017, Onex Corporation converted 346,175 multiple voting shares into subordinate voting shares.
Disclosure of Detailed Information About Stock Option Transactions
Stock option transactions were as follows for the years indicated:
 
Number of
Options
 
Weighted Average
Exercise Price
 
(in millions)
 
 
Outstanding at January 1, 2016
2.9

 
$
8.03

Granted
—

 
$
—

Exercised
(0.6
)
 
$
6.46

Forfeited/Expired
(0.2
)
 
$
9.99

Outstanding at December 31, 2016
2.1

 
$
8.46

Granted
—

 
$
—

Exercised
(1.7
)
 
$
7.87

Forfeited/Expired
—

 
$
—

Outstanding at December 31, 2017
0.4

 
$
12.14
Disclosure of Number and Weighted Average Remaining Contractual Life of Outstanding Share Options
The following stock options were outstanding as at December 31, 2017:
Range of Exercise Prices
 
Outstanding
Options
 
Weighted Average
Exercise Price
 
Weighted Average Remaining Life
of Outstanding Options
 
Exercisable
Options
 
Weighted Average
Exercise Price
 
 
(in millions)
 
 
 
(years)
 
(in millions)
 
 
$6.51 - $8.24
 
0.1
 
$7.78
 
3.5
 
0.1
 
$7.78
$13.38
 
0.3
 
$13.38
 
7.6
 
0.1
 
$13.38
 
 
0.4
 
 
 
 
 
0.2
 
 
Disclosure of Range of Exercise Prices of Outstanding Share Options
The following stock options were outstanding as at December 31, 2017:
Range of Exercise Prices
 
Outstanding
Options
 
Weighted Average
Exercise Price
 
Weighted Average Remaining Life
of Outstanding Options
 
Exercisable
Options
 
Weighted Average
Exercise Price
 
 
(in millions)
 
 
 
(years)
 
(in millions)
 
 
$6.51 - $8.24
 
0.1
 
$7.78
 
3.5
 
0.1
 
$7.78
$13.38
 
0.3
 
$13.38
 
7.6
 
0.1
 
$13.38
 
 
0.4
 
 
 
 
 
0.2
 
 
Disclosure of Grant Date Fair Value Using the Black-Scholes Option Pricing Model
We determined the grant date fair value of the stock options using the Black-Scholes option pricing model with the following weighted average assumptions for the years indicated below:
 
Year ended December 31
 
2015
 
2016 (1)
 
2017 (1)
Risk-free interest rate
1.6%
 
N/A
 
N/A
Expected volatility of the market price of our shares
35%
 
N/A
 
N/A
Expected option life (in years)
5.5
 
N/A
 
N/A
Weighted average fair value of options granted
$4.68
 
N/A
 
N/A
(1)
No stock options were granted in 2016 or 2017.
Disclosure of Detailed Information About RSU Transactions
The following table outlines the RSU transactions during the years indicated, under each of the LTIP and CSUP.
Number of awards (in millions)
LTIP
 
CSUP
 
Total
Outstanding at January 1, 2016
—

 
3.5

 
3.5

Granted
0.8

 
1.5

 
2.3

Settled
—

 
(1.9
)
 
(1.9
)
Forfeited/Expired
—

 
(0.1
)
 
(0.1
)
Outstanding at December 31, 2016
0.8

 
3.0

 
3.8

Granted
1.4

 
0.5

 
1.9

Settled
(0.3
)
 
(2.0
)
 
(2.3
)
Forfeited/Expired
(0.2
)
 
—

 
(0.2
)
Outstanding at December 31, 2017
1.7

 
1.5

 
3.2