v2.4.0.6
Earnings per share
12 Months Ended
Dec. 31, 2011
Earnings Per Share Abstract  
Earnings Per Share Text Block

16. Earnings (loss) per share

Earnings (loss) per share were calculated as follows:

    December 31, 2011January 1, 2011December 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.