| NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI For the three months ended May 31, 2021, and May 31, 2020, 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:
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For the Three Months Ended |
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May 31, 2021 |
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May 31, 2020 |
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Common Stock |
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Common Stock |
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Class A (1)
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Class B |
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Class A (1)
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Class B |
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Net income (loss) attributable to CBI allocated –
basic and diluted |
$ |
(807.8) |
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$ |
(100.3) |
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$ |
(158.0) |
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$ |
(19.9) |
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Weighted average common shares outstanding –
basic and diluted |
170.602 |
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23.247 |
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169.604 |
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23.293 |
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Net income (loss) per common share attributable to CBI –
basic and diluted |
$ |
(4.74) |
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$ |
(4.31) |
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$ |
(0.94) |
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$ |
(0.86) |
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(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: |
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For the Three Months Ended |
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May 31, 2021 |
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May 31, 2020 |
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(in millions) |
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Class B Convertible Common Stock |
23.247 |
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23.293 |
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Stock-based awards, primarily stock options |
2.034 |
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1.908 |
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