NET INCOME PER COMMON SHARE ATTRIBUTABLE TO CBI:
For the nine months and three months ended November 30, 2016, and November 30, 2015, 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 nine months and three months ended November 30, 2016, and November 30, 2015, 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 Nine Months Ended |
|
November 30, 2016 |
|
November 30, 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 |
$ |
967.5 |
|
|
$ |
115.6 |
|
|
$ |
722.7 |
|
|
$ |
88.8 |
|
Conversion of Class B common shares into Class A common shares |
115.6 |
|
|
— |
|
|
88.8 |
|
|
— |
|
Effect of stock-based awards on allocated net income |
— |
|
|
(2.2 |
) |
|
— |
|
|
(2.6 |
) |
Net income attributable to CBI allocated – diluted |
$ |
1,083.1 |
|
|
$ |
113.4 |
|
|
$ |
811.5 |
|
|
$ |
86.2 |
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding – basic |
177.171 |
|
|
23.353 |
|
|
172.509 |
|
|
23.366 |
|
Conversion of Class B common shares into Class A common shares |
23.353 |
|
|
— |
|
|
23.366 |
|
|
— |
|
Stock-based awards, primarily stock options |
4.960 |
|
|
— |
|
|
7.481 |
|
|
— |
|
Weighted average common shares outstanding – diluted |
205.484 |
|
|
23.353 |
|
|
203.356 |
|
|
23.366 |
|
|
|
|
|
|
|
|
|
Net income per common share attributable to CBI – basic |
$ |
5.46 |
|
|
$ |
4.95 |
|
|
$ |
4.19 |
|
|
$ |
3.80 |
|
Net income per common share attributable to CBI – diluted |
$ |
5.27 |
|
|
$ |
4.86 |
|
|
$ |
3.99 |
|
|
$ |
3.69 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
November 30, 2016 |
|
November 30, 2015 |
|
Common Stock |
|
Common Stock |
|
Class A |
|
Class B |
|
Class A |
|
Class B |
Net income attributable to CBI allocated – basic |
$ |
362.6 |
|
|
$ |
43.3 |
|
|
$ |
241.1 |
|
|
$ |
29.4 |
|
Conversion of Class B common shares into Class A common shares |
43.3 |
|
|
— |
|
|
29.4 |
|
|
— |
|
Effect of stock-based awards on allocated net income |
— |
|
|
(0.8 |
) |
|
— |
|
|
(0.8 |
) |
Net income attributable to CBI allocated – diluted |
$ |
405.9 |
|
|
$ |
42.5 |
|
|
$ |
270.5 |
|
|
$ |
28.6 |
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding – basic |
177.513 |
|
|
23.353 |
|
|
173.933 |
|
|
23.358 |
|
Conversion of Class B common shares into Class A common shares |
23.353 |
|
|
— |
|
|
23.358 |
|
|
— |
|
Stock-based awards, primarily stock options |
4.589 |
|
|
— |
|
|
6.805 |
|
|
— |
|
Weighted average common shares outstanding – diluted |
205.455 |
|
|
23.353 |
|
|
204.096 |
|
|
23.358 |
|
|
|
|
|
|
|
|
|
Net income per common share attributable to CBI – basic |
$ |
2.04 |
|
|
$ |
1.85 |
|
|
$ |
1.39 |
|
|
$ |
1.26 |
|
Net income per common share attributable to CBI – diluted |
$ |
1.98 |
|
|
$ |
1.82 |
|
|
$ |
1.33 |
|
|
$ |
1.22 |
|
|