Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Common Share Attributable to CBI (Tables)

v3.19.2
Net Income (Loss) Per Common Share Attributable to CBI (Tables)
 3 Months Ended
May 31, 2019
Earnings Per Share [Abstract]  
Basic and diluted net income (loss) per common share attributable to CBI
The computation of basic and diluted net income (loss) per common share is as follows:
 
For the Three Months Ended
 
May 31, 2019
 
May 31, 2018
 
Common Stock
 
Common Stock
 
Class A
 
Class B
 
Class A
 
Class B
(in millions, except per share data)
 
 
 
 
 
 
 
Net income (loss) attributable to CBI allocated – basic
$
(217.7
)
 
$
(27.7
)
 
$
660.6

 
$
83.2

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

 
—

 
83.2

 
—

Effect of stock-based awards on allocated net income (loss)
—

 
—

 
—

 
(1.9
)
Net income (loss) attributable to CBI allocated – diluted
$
(217.7
)
 
$
(27.7
)
 
$
743.8

 
$
81.3

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
168.118

 
23.317

 
168.063

 
23.326

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

 
—

 
23.326

 
—

Stock-based awards, primarily stock options
—

 
—

 
5.671

 
—

Weighted average common shares outstanding – diluted
168.118

 
23.317

 
197.060

 
23.326

 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to CBI – basic
$
(1.30
)
 
$
(1.19
)
 
$
3.93

 
$
3.57

Net income (loss) per common share attributable to CBI – diluted
$
(1.30
)
 
$
(1.19
)
 
$
3.77

 
$
3.48