Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Common Share Attributable to CBI (Tables)

v3.6.0.2
Net Income Per Common Share Attributable to CBI (Tables)
 9 Months Ended
Nov. 30, 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 Nine Months Ended
 
November 30, 2016
 
November 30, 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
$
967.5

 
$
115.6

 
$
722.7

 
$
88.8

Conversion of Class B common shares into Class A common shares
115.6

 
—

 
88.8

 
—

Effect of stock-based awards on allocated net income
—

 
(2.2
)
 
—

 
(2.6
)
Net income attributable to CBI allocated – diluted
$
1,083.1

 
$
113.4

 
$
811.5

 
$
86.2

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
177.171

 
23.353

 
172.509

 
23.366

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

 
—

 
23.366

 
—

Stock-based awards, primarily stock options
4.960

 
—

 
7.481

 
—

Weighted average common shares outstanding – diluted
205.484

 
23.353

 
203.356

 
23.366

 
 
 
 
 
 
 
 
Net income per common share attributable to CBI – basic
$
5.46

 
$
4.95

 
$
4.19

 
$
3.80

Net income per common share attributable to CBI – diluted
$
5.27

 
$
4.86

 
$
3.99

 
$
3.69

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended
 
November 30, 2016
 
November 30, 2015
 
Common Stock
 
Common Stock
 
Class A
 
Class B
 
Class A
 
Class B
Net income attributable to CBI allocated – basic
$
362.6

 
$
43.3

 
$
241.1

 
$
29.4

Conversion of Class B common shares into Class A common shares
43.3

 
—

 
29.4

 
—

Effect of stock-based awards on allocated net income
—

 
(0.8
)
 
—

 
(0.8
)
Net income attributable to CBI allocated – diluted
$
405.9

 
$
42.5

 
$
270.5

 
$
28.6

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
177.513

 
23.353

 
173.933

 
23.358

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

 
—

 
23.358

 
—

Stock-based awards, primarily stock options
4.589

 
—

 
6.805

 
—

Weighted average common shares outstanding – diluted
205.455

 
23.353

 
204.096

 
23.358

 
 
 
 
 
 
 
 
Net income per common share attributable to CBI – basic
$
2.04

 
$
1.85

 
$
1.39

 
$
1.26

Net income per common share attributable to CBI – diluted
$
1.98

 
$
1.82

 
$
1.33

 
$
1.22