Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Common Share Attributable to CBI

v3.20.2
Net Income (Loss) Per Common Share Attributable to CBI
 3 Months Ended
May 31, 2020
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI
For the three months ended May 31, 2020, and May 31, 2019, net income (loss) per common share – diluted for Class A Common Stock and Class B Convertible Common Stock have been computed using the two-class method. The computation of basic and diluted net income (loss) per common share is as follows:
For the Three Months Ended
May 31, 2020 May 31, 2019
Common Stock Common Stock
Class A (1)
Class B
Class A (1)
Class B
(in millions, except per share data)
Net income (loss) attributable to CBI allocated –
basic and diluted		 $ (158.0)   $ (19.9)   $ (217.7)   $ (27.7)  
Weighted average common shares outstanding –
basic and diluted		 169.604    23.293    168.118    23.317   
Net income (loss) per common share attributable to CBI –
basic and diluted		 $ (0.94)   $ (0.86)   $ (1.30)   $ (1.19)  
(1)
We have excluded the following weighted average common shares outstanding from the calculation of diluted net income (loss) per common share, as the effect of including these would have been anti-dilutive:
For the Three Months Ended
May 31, 2020 May 31, 2019
(in millions)
Class B Convertible Common Stock 23.293    23.317   
Stock-based awards, primarily stock options 1.908    3.433