Annual report pursuant to Section 13 and 15(d)

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

v3.20.1
Net Income (Loss) Per Common Share Attributable to CBI (Tables)
 12 Months Ended
Feb. 29, 2020
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 Years Ended
 
February 29, 2020
 
February 28, 2019
 
February 28, 2018
 
Common Stock
 
Common Stock
 
Common Stock
 
Class A
 
Class B
 
Class A
 
Class B
 
Class A
 
Class B
(in millions, except per share data)
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to CBI allocated – basic
$
(10.2
)
 
$
(1.6
)
 
$
3,049.5

 
$
386.4

 
$
2,049.9

 
$
253.5

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

 
—

 
386.4

 
—

 
253.5

 
—

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

 
—

 
—

 
(8.3
)
 
—

 
(6.3
)
Net income (loss) attributable to CBI allocated – diluted
$
(10.2
)
 
$
(1.6
)
 
$
3,435.9

 
$
378.1

 
$
2,303.4

 
$
247.2

 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
168.329

 
23.313

 
167.249

 
23.321

 
171.457

 
23.336

Conversion of Class B common shares into Class A common shares (1)
—

 
—

 
23.321

 
—

 
23.336

 
—

Stock-based awards, primarily stock options (1)
—

 
—

 
4.962

 
—

 
5.952

 
—

Weighted average common shares outstanding – diluted
168.329

 
23.313

 
195.532

 
23.321

 
200.745

 
23.336

 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to CBI – basic
$
(0.07
)
 
$
(0.07
)
 
$
18.24

 
$
16.57

 
$
11.96

 
$
10.86

Net income (loss) per common share attributable to CBI – diluted
$
(0.07
)
 
$
(0.07
)
 
$
17.57

 
$
16.21

 
$
11.47

 
$
10.59


(1) 
We have excluded 23,313,300 of Class B Convertible Common Stock and 3,238,780 of shares issuable under the assumed exercise of stock options using the treasury stock method from the calculation of diluted net income (loss) per share for the year ended February 29, 2020, as the effect of including these would have been anti-dilutive.