Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Common Share Attributable to CBI

v3.3.0.814
Net Income Per Common Share Attributable to CBI
6 Months Ended
Aug. 31, 2015
Earnings Per Share [Abstract]  
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO CBI
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO CBI:

For the six months and three months ended August 31, 2015, and August 31, 2014, net income per common share – diluted for Class A Common Stock has been computed using the if-converted method and assumes the exercise of stock options using the treasury stock method and the conversion of Class B Convertible Common Stock as this method is more dilutive than the two-class method. For the six months and three months ended August 31, 2015, and August 31, 2014, net income per common share – diluted for Class B Convertible Common Stock has been computed using the two-class method and does not assume conversion of Class B Convertible Common Stock into shares of Class A Common Stock.

The computation of basic and diluted net income per common share is as follows:
 
For the Six Months Ended
 
August 31, 2015
 
August 31, 2014
 
Common Stock
 
Common Stock
 
Class A
 
Class B
 
Class A
 
Class B
(in millions, except per share data)
 
 
 
 
 
 
 
Net income attributable to CBI allocated – basic
$
481.6

 
$
59.4

 
$
357.4

 
$
45.1

Conversion of Class B common shares into Class A common shares
59.4

 

 
45.1

 

Effect of stock-based awards on allocated net income

 
(1.8
)
 

 
(1.9
)
Net income attributable to CBI allocated – diluted
$
541.0

 
$
57.6

 
$
402.5

 
$
43.2

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
171.805

 
23.370

 
168.663

 
23.408

Conversion of Class B common shares into Class A common shares
23.370

 

 
23.408

 

Stock-based awards, primarily stock options
7.809

 

 
8.508

 

Weighted average common shares outstanding – diluted
202.984

 
23.370

 
200.579

 
23.408

 
 
 
 
 
 
 
 
Net income per common share attributable to CBI – basic
$
2.80

 
$
2.54

 
$
2.12

 
$
1.93

Net income per common share attributable to CBI – diluted
$
2.67

 
$
2.47

 
$
2.01

 
$
1.84

 
 
 
 
 
 
 
 
 
For the Three Months Ended
 
August 31, 2015
 
August 31, 2014
 
Common Stock
 
Common Stock
 
Class A
 
Class B
 
Class A
 
Class B
(in millions, except per share data)
 
 
 
 
 
 
 
Net income attributable to CBI allocated – basic
$
269.3

 
$
33.1

 
$
173.9

 
$
21.9

Conversion of Class B common shares into Class A common shares
33.1

 

 
21.9

 

Effect of stock-based awards on allocated net income

 
(1.0
)
 

 
(0.9
)
Net income attributable to CBI allocated – diluted
$
302.4

 
$
32.1

 
$
195.8

 
$
21.0

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
172.239

 
23.364

 
169.158

 
23.401

Conversion of Class B common shares into Class A common shares
23.364

 

 
23.401

 

Stock-based awards, primarily stock options
7.507

 

 
8.241

 

Weighted average common shares outstanding – diluted
203.110

 
23.364

 
200.800

 
23.401

 
 
 
 
 
 
 
 
Net income per common share attributable to CBI – basic
$
1.56

 
$
1.42

 
$
1.03

 
$
0.93

Net income per common share attributable to CBI – diluted
$
1.49

 
$
1.38

 
$
0.98

 
$
0.90