Annual report pursuant to Section 13 and 15(d)

Earnings Per Common Share

v2.4.0.6
Earnings Per Common Share
12 Months Ended
Feb. 29, 2012
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
18. EARNINGS PER COMMON SHARE:

The computation of basic and diluted earnings per common share is as follows:

 

                         
    For the Years Ended  
    February 29,
2012
    February 28,
2011
    February 28,
2010
 
(in millions, except per share data)                  

Income available to common stockholders

  $ 445.0     $ 559.5     $ 99.3  
   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding – basic:

                       

Class A Common Stock

    180.724       187.224       196.095  
   

 

 

   

 

 

   

 

 

 

Class B Convertible Common Stock

    23.590       23.686       23.736  
   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding – diluted:

                       

Class A Common Stock

    180.724       187.224       196.095  

Class B Convertible Common Stock

    23.590       23.686       23.736  

Stock-based awards, primarily stock options

    4.341       2.855       1.379  
   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding – diluted

    208.655       213.765       221.210  
   

 

 

   

 

 

   

 

 

 

Earnings per common share – basic:

                       

Class A Common Stock

  $ 2.20     $ 2.68     $ 0.46  
   

 

 

   

 

 

   

 

 

 

Class B Convertible Common Stock

  $ 2.00     $ 2.44     $ 0.41  
   

 

 

   

 

 

   

 

 

 

Earnings per common share – diluted:

                       

Class A Common Stock

  $ 2.13     $ 2.62     $ 0.45  
   

 

 

   

 

 

   

 

 

 

Class B Convertible Common Stock

  $ 1.96     $ 2.40     $ 0.41  
   

 

 

   

 

 

   

 

 

 

For the years ended February 29, 2012, February 28, 2011, and February 28, 2010, stock-based awards, primarily stock options, which could result in the issuance of 8.9 million shares, 20.7 million shares and 30.4 million shares, respectively, of Class A Common Stock were outstanding, but were not included in the computation of earnings per common share – diluted for Class A Common Stock because the effect of including such awards would have been antidilutive.