Constellation Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Common Share Attributable to CBI (Tables)

6 Months Ended

Aug. 31, 2015

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