Earnings (Loss) Per Share

6 Months Ended

Aug. 31, 2021

LOSS PER SHARE

The following table sets forth the computation of basic and diluted loss per share:


	Three Months Ended				Six Months Ended
	August 31, 2021		August 31, 2020		August 31, 2021		August 31, 2020
Net loss for basic and diluted loss per share available to common shareholders (1)	$	(144)	$	(23)	$	(206)	$	(659)




Weighted average number of shares outstanding (000’s) - basic and diluted (1) (2) (3)	568,082		558,882		567,724		558,365




Loss per share - reported
Basic	$	(0.25)	$	(0.04)	$	(0.36)	$	(1.18)
Diluted	$	(0.25)	$	(0.04)	$	(0.36)	$	(1.18)

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(1) The Company has not presented the dilutive effect of the Debentures using the if-converted method in the calculation of diluted loss per share for the three and six months ended August 31, 2021 and August 31, 2020, as to do so would be antidilutive. See Note 6 for details on the Debentures.

(2) The three and six months ended August 31, 2021, includes approximately 1,421,945 common shares (Exchange Shares) remaining to be issued on the third anniversary date of the Cylance acquisition completed on February 21, 2019, in consideration for the acquisition. The three and six months ended August 31, 2020, includes approximately 2,802,067 common shares to be issued in equal installments on the two anniversary dates of the Cylance acquisition thereafter, in consideration for the acquisition. There are no service or other requirements associated with the issuance of these shares.

(3) The Company has not presented the dilutive effect of in-the-money options and RSUs that will be settled upon vesting by the issuance of new common shares in the calculation of diluted loss per share for the three and six months ended August 31, 2021 and August 31, 2020, as to do so would be antidilutive.