notes to the Consolidated Financial Statements (cont’d) 16. SHARE CAPITAl The share capital of the Company is as follows: A summary of the Company’s common share transactions is as follows: In the fourth quarter of 2010, the Company wound up a wholly-owned subsidiary company that had previously held a common share  balance of 1,238,418 in the amount of $12,468,552.  Upon windup, the subsidiary’s cost to repurchase the common shares was $10.07 per share for a total cost of $12.5 million. All shares  held by the subsidiary were cancelled at the time of wind up at an average cost per common share of $4.84 resulting in an increase to  share capital and a reduction to retained earnings of $6.5 million.  A summary of the Company’s non-voting equity share transactions is as follows: In addition to the cancellation of the 800 shares held by a subsidiary company in the second quarter of 2010, the Company  repurchased 3,185,030 of its non-voting common shares for $8.00 per share for a total cost of $25.5 million. In the fourth quarter of  2010, these shares, in addition to the 800 subsidiary company’s shares, which were purchased for $5.10 per share with an average cost  per share of $8.00 upon cancellation, were also cancelled, resulting in a net reduction of the non-voting equity share capital and  increase in contributed surplus in the amount of $8.9 million.  During the first quarter of 2011, the Company repurchased 50,000 non-voting equity shares for $13.80 per share for a total cost of $0.7 million resulting in a decrease to contributed surplus of $0.3 million. During the second quarter of 2011, the Company repurchased 31,958 non-voting equity shares for $13.81 per share for a total cost of $0.4 million resulting in a decrease to contributed surplus of $0.2 million. During the third quarter of 2011, the Company repurchased 6,800 non-voting equity shares for $13.18 per share for a total cost of $89 thousand resulting in a decrease to contributed surplus of $35 thousand. 83 AnnuAl RepoRt 2011 December 31, 2011 January 1, 2011  January 3, 2010 Authorized  Preference shares of the par value of $25 each, issuable in series  5,999,994  5,999,994  5,999,994  Subordinated redeemable preference shares of the par value of $1 each,  redeemable at par   1,025,542  1,025,542  1,025,542  Non-voting equity shares  200,000,000 200,000,000 200,000,000  Common shares, without par value  200,000,000 200,000,000 200,000,000  Fifty-two weeks ended  Fifty-two weeks ended December 31, 2011 January 1, 2011 Shares  ($000s)  Shares  ($000s) Common shares:  Balance, beginning of period  13,271,809 $   63,315  13,268,809 $   56,689  Stock options exercised   26,975  451   3,000  33  Cancelled share reclassified to retained earnings   –  –   –  6,593  Balance, end of period  13,298,784 $   63,766  13,271,809 $   63,315  Non–voting equity shares:  Balance, beginning of period   1,876,820 $   15,011   5,061,850 $   49,409  Shares repurchased   (88,758)   (710)  (3,185,030)   (25,480) Cancelled share reclassified to contributed surplus   –  –   –  (8,918) Balance, end of period   1,788,062 $   14,301   1,876,820 $   15,011 