XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.20.2

Earnings (Loss) Per Share | 6 Months Ended
--- | ---
Jun. 27, 2020
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] | 11. Earnings (Loss) Per Share Basic and diluted earnings (loss) per share were calculated as follows (shares in thousands):
|  |  |  | Quarter ended |  |  | Two quarters ended |
|  |  |  | June 27, 2020 |  |  | June 29, 2019 |  |  | June 27, 2020 |  |  | June 29, 2019 |
Basic Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |
Numerator for basic earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |
| Earnings (loss) attributable to SunOpta Inc. | $ | 1,007 |  | $ | (9,055 | ) | $ | 4,368 |  | $ | 16,594 |
| Less: dividends and accretion on Series A Preferred Stock |  | (2,066 | ) |  | (2,001 | ) |  | (4,091 | ) |  | (3,996 | )
| Less: dividends and accretion on Series B Preferred Stock |  | (538 | ) |  | — |  |  | (538 | ) |  | — |
| Earnings (loss) attributable to common shareholders | $ | (1,597 | ) | $ | (11,056 | ) | $ | (261 | ) | $ | 12,598 |
Denominator for basic earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |
| Basic weighted-average number of shares outstanding |  | 89,089 |  |  | 87,683 |  |  | 88,625 |  |  | 87,579 |
Basic earnings (loss) per share | $ | (0.02 | ) | $ | (0.13 | ) | $ | (0.00 | ) | $ | 0.14 |
Diluted Earnings Per Share |  |  |  |  |  |  |  |  |  |  |  |
Numerator for diluted earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |
| Earnings (loss) attributable to SunOpta Inc. | $ | 1,007 |  | $ | (9,055 | ) | $ | 4,368 |  | $ | 16,594 |
| Less: dividends and accretion on Series A Preferred Stock |  | (2,066 | ) |  | (2,001 | ) |  | (4,091 | ) |  | (3,996 | )
| Less: dividends and accretion on Series B Preferred Stock |  | (538 | ) |  | — |  |  | (538 | ) |  | — |
| Earnings (loss) attributable to common shareholders | $ | (1,597 | ) | $ | (11,056 | ) | $ | (261 | ) | $ | 12,598 |
Denominator for diluted earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |
| Basic weighted-average number of shares outstanding |  | 89,089 |  |  | 87,683 |  |  | 88,625 |  |  | 87,579 |
| Dilutive effect of the following: |  |  |  |  |  |  |  |  |  |  |  |
|  | Stock options and restricted stock units(1) |  | — |  |  | — |  |  | — |  |  | 164 |
|  | Series B Preferred Stock(2) |  | — |  |  | — |  |  | — |  |  | — |
|  | Series A Preferred Stock(3) |  | — |  |  | — |  |  | — |  |  | — |
| Diluted weighted-average number of shares outstanding |  | 89,089 |  |  | 87,683 |  |  | 88,625 |  |  | 87,743 |
Diluted earnings (loss) per share | $ | (0.02 | ) | $ | (0.13 | ) | $ | (0.00 | ) | $ | 0.14 |
(1) For the quarter and two quarters ended June 27, 2020, stock options and restricted stock units to purchase or receive 753,645 and 876,593 Common Shares, respectively, were excluded from the calculation of diluted loss per share due to their anti-dilutive effect of reducing the loss per share, and for the quarter ended June 29, 2019, stock options and restricted stock units to purchase or receive 187,516 Common Shares were likewise excluded. In addition, for the quarter and two quarters ended June 27, 2020, stock options to purchase 2,629,179 (June 29, 2019 - 3,176,284) and 3,079,418 (June 29, 2019 - 3,176,284) Common Shares, respectively, were anti-dilutive because the exercise prices of these options were greater than the average market price. (2) For the quarter and two quarters ended June 27, 2020, it was more dilutive to assume the Series B Preferred Stock was not converted into Common Shares and, therefore, the numerator of the diluted earnings per share calculation was not adjusted to add back the dividends and accretion on the Series B Preferred Stock and the denominator was not adjusted to include 12,000,000 Common Shares issuable on an if-converted basis as at June 27, 2020. (3) For the quarters and two quarters ended June 27, 2020 and June 29, 2019, it was more dilutive to assume the Series A Preferred Stock was not converted into Common Shares and, therefore, the numerator of the diluted earnings per share calculation was not adjusted to add back the dividends and accretion on the Series A Preferred Stock and the denominator was not adjusted to include 12,385,714 and 11,333,333 Common Shares issuable on an if-converted basis as at June 27, 2020 and June 29, 2019, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration