Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.2
Net Income (Loss) Per Common Share Attributable to CBI (Tables)
 6 Months Ended
Aug. 31, 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 Six Months Ended
August 31, 2020 August 31, 2019
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 $ 297.3  $ 36.9  $ (684.1) $ (86.5)
Conversion of Class B common shares into Class A common shares 36.9  —  —  — 
Effect of stock-based awards on allocated net income (loss) —  —  —  — 
Net income (loss) attributable to CBI allocated – diluted $ 334.2  $ 36.9  $ (684.1) $ (86.5)
Weighted average common shares outstanding – basic 169.841  23.289  168.215  23.316 
Conversion of Class B common shares into Class A common shares (1)
23.289  —  —  — 
Stock-based awards, primarily stock options (1)
1.832  —  —  — 
Weighted average common shares outstanding – diluted 194.962  23.289  168.215  23.316 
Net income (loss) per common share attributable to CBI – basic $ 1.74  $ 1.58  $ (4.08) $ (3.71)
Net income (loss) per common share attributable to CBI – diluted $ 1.71  $ 1.58  $ (4.08) $ (3.71)
For the Three Months Ended
August 31, 2020 August 31, 2019
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 $ 455.5  $ 56.6  $ (466.4) $ (58.8)
Conversion of Class B common shares into Class A common shares 56.6  —  —  — 
Effect of stock-based awards on allocated net income (loss) —  (0.4) —  — 
Net income (loss) attributable to CBI allocated – diluted $ 512.1  $ 56.2  $ (466.4) $ (58.8)
Weighted average common shares outstanding – basic 170.078  23.284  168.310  23.316 
Conversion of Class B common shares into Class A common shares (1)
23.284  —  —  — 
Stock-based awards, primarily stock options (1)
1.780  —  —  — 
Weighted average common shares outstanding – diluted 195.142  23.284  168.310  23.316 
Net income (loss) per common share attributable to CBI – basic $ 2.68  $ 2.43  $ (2.77) $ (2.52)
Net income (loss) per common share attributable to CBI – diluted $ 2.62  $ 2.42  $ (2.77) $ (2.52)
(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 Six Months Ended For the Three Months Ended
August 31, 2019 August 31, 2019
(in millions)
Class B Convertible Common Stock 23.317  23.316 
Stock-based awards, primarily stock options 3.368  3.305