| Earnings Per Share Text Block |
16. Earnings (loss) per share Earnings (loss) per share were calculated as follows: | | | | | December 31, 2011 | January 1, 2011 | December 31, 2009 | | | | | | | | | | Earnings (loss) from continuing operations | | | | | | attributable to SunOpta Inc. | $9,575 | $13,208 | ($6,433) | | (Loss) earnings from discontinued | | | | | | operations, net of taxes | (4,279) | 47,858 | (330) | | Earnings (loss) attributable to SunOpta Inc. | $5,296 | $61,066 | ($6,763) | | | | | | | | | | Weighted average number of shares used in | | | | | | basic earnings per share | 65,644,372 | 65,179,067 | 64,770,614 | | Dilutive potential of the following: | | | | | | Employee/director stock options | 705,332 | 663,506 | - | | | Warrants | 233,445 | 185,705 | - | | Diluted weighted average number | | | | | | of shares outstanding | 66,583,149 | 66,028,278 | 64,770,614 | | | | | | | | | | Earnings (loss) per share - basic: | | | | | | -from continuing operations | $0.15 | $0.20 | ($0.10) | | | -from discontinued operations | ($0.07) | $0.73 | - | | | | | | $0.08 | $0.94 | ($0.10) | | | | | | | | | | Earnings (loss) per share - diluted: | | | | | | -from continuing operations | $0.14 | $0.20 | ($0.10) | | | -from discontinued operations | ($0.06) | $0.72 | - | | | | | | $0.08 | $0.92 | ($0.10) |
For the years ended December 31, 2011 and January 1, 2011, options to purchase 1,355,700 and 837,900 common shares, respectively, have been excluded from the calculations of diluted earnings per share due to their anti-dilutive effect. Due to the loss attributable to SunOpta Inc. for the year ended December 31, 2009, options to purchase 2,480,425 common shares were excluded from the calculation of diluted earnings per share due to their anti-dilutive effect. |