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Shareholders' Equity (Tables) | 6 Months Ended
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Jul. 04, 2021
Equity [Abstract] |
(Loss) / Earnings per share | The following table sets forth the computation of basic and diluted (loss)/earnings per share:
|  | Three Months Ended |  | Six Months Ended
|  | July 4, 2021 |  | June 28, 2020 |  | July 4, 2021 |  | June 28, 2020
Numerator: |  |  |  |  |  |  |  |
Net (loss)/income attributable to Sonoco |  | $ | (334,070) |  |  | $ | 55,211 |  |  | $ | (261,774) |  |  | $ | 135,656 |
Denominator: |  |  |  |  |  |  |  |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |
Basic |  | 100,082 |  |  | 100,971 |  |  | 100,571 |  |  | 100,915 |
Dilutive effect of stock-based compensation |  | — |  |  | 138 |  |  | — |  |  | 194 |
Diluted |  | 100,082 |  |  | 101,109 |  |  | 100,571 |  |  | 101,109 |
Net (loss)/income attributable to Sonoco per common share: |  |  |  |  |  |  |  |
Basic |  | $ | (3.34) |  |  | $ | 0.55 |  |  | $ | (2.60) |  |  | $ | 1.34 |
Diluted |  | $ | (3.34) |  |  | $ | 0.55 |  |  | $ | (2.60) |  |  | $ | 1.34 |
Cash dividends |  | $ | 0.45 |  |  | $ | 0.43 |  |  | $ | 0.90 |  |  | $ | 0.86 |
Schedule of antidilutive securities excluded from computation of earnings per share | The average numbers of SARs that were anti-dilutive and, therefore, not included in the computation of diluted earnings per share during the three- and six-month periods ended July 4, 2021 and June 28, 2020 were as follows:
|  | Three Months Ended |  | Six Months Ended
|  | July 4, 2021 |  | June 28, 2020 |  | July 4, 2021 |  | June 28, 2020
Anti-dilutive stock appreciation rights |  | — |  |  | 1,191 |  |  | 214 |  |  | 890 |
The following table sets forth the potentially dilutive securities excluded from the computation of diluted net loss per share during the three- and six-month periods ended July 4, 2021:
|  | Three Months Ended |  | Six Months Ended
|  |  | July 4, 2021 |  | July 4, 2021 |
Dilutive securities excluded due to reported loss |  |  | 486 |  |  | 469 |  |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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