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

Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Common Share Attributable to CBI (Tables)

Net Income Per Common Share Attributable to CBI (Tables)

6 Months Ended

Aug. 31, 2016

Basic and diluted net income per common share attributable to CBI

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



	For the Six Months Ended
	August 31, 2016					August 31, 2015
	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	$	604.9	$	72.3		$	481.6	$	59.4
Conversion of Class B common shares into Class A common shares	72.3		—			59.4		—
Effect of stock-based awards on allocated net income	—		(1.4		)	—		(1.8		)
Net income attributable to CBI allocated – diluted	$	677.2	$	70.9		$	541.0	$	57.6

Weighted average common shares outstanding – basic	177.001		23.353			171.805		23.370
Conversion of Class B common shares into Class A common shares	23.353		—			23.370		—
Stock-based awards, primarily stock options	5.154		—			7.809		—
Weighted average common shares outstanding – diluted	205.508		23.353			202.984		23.370

Net income per common share attributable to CBI – basic	$	3.42	$	3.10		$	2.80	$	2.54
Net income per common share attributable to CBI – diluted	$	3.30	$	3.04		$	2.67	$	2.47


	For the Three Months Ended
	August 31, 2016					August 31, 2015
	Common Stock					Common Stock
	Class A		Class B			Class A		Class B
Net income attributable to CBI allocated – basic	$	320.7	$	38.2		$	269.3	$	33.1
Conversion of Class B common shares into Class A common shares	38.2		—			33.1		—
Effect of stock-based awards on allocated net income	—		(0.7		)	—		(1.0		)
Net income attributable to CBI allocated – diluted	$	358.9	$	37.5		$	302.4	$	32.1

Weighted average common shares outstanding – basic	177.460		23.353			172.239		23.364
Conversion of Class B common shares into Class A common shares	23.353		—			23.364		—
Stock-based awards, primarily stock options	4.837		—			7.507		—
Weighted average common shares outstanding – diluted	205.650		23.353			203.110		23.364

Net income per common share attributable to CBI – basic	$	1.81	$	1.64		$	1.56	$	1.42
Net income per common share attributable to CBI – diluted	$	1.75	$	1.61		$	1.49	$	1.38