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

Net Income Per Common Share Attributable to CBI (Tables)

9 Months Ended

Nov. 30, 2015

The computation of basic and diluted net income per common share is as follows:



	For the Nine Months Ended
	November 30, 2015					November 30, 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	$	722.7	$	88.8		$	554.9	$	69.8
Conversion of Class B common shares into Class A common shares	88.8		—			69.8		—
Effect of stock-based awards on allocated net income	—		(2.6		)	—		(2.9		)
Net income attributable to CBI allocated – diluted	$	811.5	$	86.2		$	624.7	$	66.9

Weighted average common shares outstanding – basic	172.509		23.366			168.968		23.401
Conversion of Class B common shares into Class A common shares	23.366		—			23.401		—
Stock-based awards, primarily stock options	7.481		—			8.474		—
Weighted average common shares outstanding – diluted	203.356		23.366			200.843		23.401

Net income per common share attributable to CBI – basic	$	4.19	$	3.80		$	3.28	$	2.99
Net income per common share attributable to CBI – diluted	$	3.99	$	3.69		$	3.11	$	2.86



	For the Three Months Ended
	November 30, 2015					November 30, 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	$	241.1	$	29.4		$	197.5	$	24.7
Conversion of Class B common shares into Class A common shares	29.4		—			24.7		—
Effect of stock-based awards on allocated net income	—		(0.8		)	—		(1.0		)
Net income attributable to CBI allocated – diluted	$	270.5	$	28.6		$	222.2	$	23.7

Weighted average common shares outstanding – basic	173.933		23.358			169.585		23.387
Conversion of Class B common shares into Class A common shares	23.358		—			23.387		—
Stock-based awards, primarily stock options	6.805		—			8.304		—
Weighted average common shares outstanding – diluted	204.096		23.358			201.276		23.387

Net income per common share attributable to CBI – basic	$	1.39	$	1.26		$	1.16	$	1.06
Net income per common share attributable to CBI – diluted	$	1.33	$	1.22		$	1.10	$	1.01