Capital Structure
Share Structure
| As of May 7, 2025 | Shares |
| Common shares | 86,205,444 |
| Stock Options1 | - |
| Restricted share units2,3 | 643,923 |
| Performance share units4 | 734,900 |
Capital Structure
| As of March 31, 2025 | Millions USD |
| Cash & Short Term Investments | $106.5 |
| Debt | $193.1 |
| Lease-Related Obligations | $86.5 |
| Deferred Finance Charges | $1.9 |
| Net Cash (Debt)5 | ($175.0) |
1. Each stock option is exercisable into one common share of the Company. As of January 1, 2022, the Company ceased the issuance of new stock options and the plan was terminated in March 2025 as the last of the outstanding options were exercised.
2. Each restricted share unit is redeemable for one common share of the Company.
3. The balance includes both Restricted Share Units (“RSUs”) and Employee Restricted Share Units (“ERSUs”) issued under the Restricted Share Plan (“RSU Plan”) and the Employee Share Unit (“ESU Plan”), respectively.
4. The number of performance share units that vest is determined by multiplying the number of units granted to the participant, and outstanding at the vesting date, by an adjustment factor, which ranges from 0 to 2.0. Therefore, the number of units that will vest and be settled may be higher or lower than the number of units originally granted to a participant. The adjustment factor is based on the Company’s total shareholder return relative to a group of comparable companies over the applicable period. Under the terms of the plan, the Board of Directors is authorized to determine the adjustment factor.
5. Refer to the 'Non-GAAP Financial Performance Measures' in the Company's March 31, 2025 MD&A for further information and a detailed reconciliation.