Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Common Share Attributable to CBI (Tables)

v3.5.0.2
Net Income Per Common Share Attributable to CBI (Tables)
6 Months Ended
Aug. 31, 2016
Earnings Per Share [Abstract]  
Basic and diluted net income per common share attributable to CBI
The computation of basic and diluted net income per common share is as follows:
 
For the Six Months Ended
 
August 31, 2016
 
August 31, 2015
 
Common Stock
 
Common Stock
 
Class A
 
Class B
 
Class A
 
Class B
(in millions, except per share data)
 
 
 
 
 
 
 
Net income attributable to CBI allocated – basic
$
604.9

 
$
72.3

 
$
481.6

 
$
59.4

Conversion of Class B common shares into Class A common shares
72.3

 

 
59.4

 

Effect of stock-based awards on allocated net income

 
(1.4
)
 

 
(1.8
)
Net income attributable to CBI allocated – diluted
$
677.2

 
$
70.9

 
$
541.0

 
$
57.6

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
177.001

 
23.353

 
171.805

 
23.370

Conversion of Class B common shares into Class A common shares
23.353

 

 
23.370

 

Stock-based awards, primarily stock options
5.154

 

 
7.809

 

Weighted average common shares outstanding – diluted
205.508

 
23.353

 
202.984

 
23.370

 
 
 
 
 
 
 
 
Net income per common share attributable to CBI – basic
$
3.42

 
$
3.10

 
$
2.80

 
$
2.54

Net income per common share attributable to CBI – diluted
$
3.30

 
$
3.04

 
$
2.67

 
$
2.47

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended
 
August 31, 2016
 
August 31, 2015
 
Common Stock
 
Common Stock
 
Class A
 
Class B
 
Class A
 
Class B
Net income attributable to CBI allocated – basic
$
320.7

 
$
38.2

 
$
269.3

 
$
33.1

Conversion of Class B common shares into Class A common shares
38.2

 

 
33.1

 

Effect of stock-based awards on allocated net income

 
(0.7
)
 

 
(1.0
)
Net income attributable to CBI allocated – diluted
$
358.9

 
$
37.5

 
$
302.4

 
$
32.1

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
177.460

 
23.353

 
172.239

 
23.364

Conversion of Class B common shares into Class A common shares
23.353

 

 
23.364

 

Stock-based awards, primarily stock options
4.837

 

 
7.507

 

Weighted average common shares outstanding – diluted
205.650

 
23.353

 
203.110

 
23.364

 
 
 
 
 
 
 
 
Net income per common share attributable to CBI – basic
$
1.81

 
$
1.64

 
$
1.56

 
$
1.42

Net income per common share attributable to CBI – diluted
$
1.75

 
$
1.61

 
$
1.49

 
$
1.38