The computation of basic and diluted net income (loss) per common share for Class A Stock are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended August 31, 2023 |
|
For the Three Months Ended August 31, 2023 |
|
|
| (in millions, except per share data) |
|
|
|
|
|
|
|
| Net income (loss) attributable to CBI |
$ |
825.9 |
|
|
$ |
690.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average common shares outstanding – basic |
183.384 |
|
|
183.498 |
|
|
|
|
|
| Stock-based awards, primarily stock options |
0.690 |
|
|
0.779 |
|
|
|
|
|
| Weighted average common shares outstanding – diluted |
184.074 |
|
|
184.277 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) per common share attributable to CBI – basic |
$ |
4.50 |
|
|
$ |
3.76 |
|
|
|
|
|
| Net income (loss) per common share attributable to CBI – diluted |
$ |
4.49 |
|
|
$ |
3.74 |
|
|
|
|
|
For the six months and three months ended August 31, 2022, net income (loss) per common share – diluted for Class A Stock and Class B Stock has been computed using the two-class method. The computation of basic and diluted net income (loss) per common share are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended August 31, 2022 |
|
For the Three Months Ended August 31, 2022 |
|
|
|
Class A Stock |
|
Class B Stock |
|
Class A Stock |
|
Class B Stock |
| (in millions, except per share data) |
|
|
|
|
|
|
|
|
|
| Net income (loss) attributable to CBI allocated – basic |
|
|
$ |
(674.2) |
|
|
$ |
(87.5) |
|
|
$ |
(1,018.2) |
|
|
$ |
(133.0) |
|
| Conversion of Class B common shares into Class A common shares |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Effect of stock-based awards on allocated net income (loss) |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Net income (loss) attributable to CBI allocated – diluted |
|
|
$ |
(674.2) |
|
|
$ |
(87.5) |
|
|
$ |
(1,018.2) |
|
|
$ |
(133.0) |
|
|
|
|
|
|
|
|
|
|
|
| Weighted average common shares outstanding – basic |
|
|
163.532 |
|
|
23.206 |
|
|
161.730 |
|
|
23.206 |
|
| Conversion of Class B common shares into Class A common shares |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Stock-based awards, primarily stock options (1)
|
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Weighted average common shares outstanding – diluted |
|
|
163.532 |
|
|
23.206 |
|
|
161.730 |
|
|
23.206 |
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) per common share attributable to CBI – basic |
|
|
$ |
(4.13) |
|
|
$ |
(3.77) |
|
|
$ |
(6.30) |
|
|
$ |
(5.73) |
|
| Net income (loss) per common share attributable to CBI – diluted |
|
|
$ |
(4.13) |
|
|
$ |
(3.77) |
|
|
$ |
(6.30) |
|
|
$ |
(5.73) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 August 31, 2022 |
|
For the Three Months Ended August 31, 2022 |
|
|
(in millions) |
|
|
|
|
|
Class B Stock |
23.206 |
|
|
23.206 |
|
|
|
Stock-based awards, primarily stock options |
0.802 |
|
|
0.801 |
|
|