Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Common Share Attributable to CBI (Tables)

v3.7.0.1
Net Income Per Common Share Attributable to CBI (Tables)
 3 Months Ended
May 31, 2017
Earnings Per Share [Abstract]  
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 Three Months Ended
 
May 31, 2017
 
May 31, 2016
 
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
$
358.6

 
$
44.2

 
$
284.2

 
$
34.1

Conversion of Class B common shares into Class A common shares
44.2

 
—

 
34.1

 
—

Effect of stock-based awards on allocated net income
—

 
(1.0
)
 
—

 
(0.7
)
Net income attributable to CBI allocated – diluted
$
402.8

 
$
43.2

 
$
318.3

 
$
33.4

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
171.555

 
23.344

 
176.542

 
23.353

Conversion of Class B common shares into Class A common shares
23.344

 
—

 
23.353

 
—

Stock-based awards, primarily stock options
6.131

 
—

 
5.472

 
—

Weighted average common shares outstanding – diluted
201.030

 
23.344

 
205.367

 
23.353

 
 
 
 
 
 
 
 
Net income per common share attributable to CBI – basic
$
2.09

 
$
1.90

 
$
1.61

 
$
1.46

Net income per common share attributable to CBI – diluted
$
2.00

 
$
1.85

 
$
1.55

 
$
1.43