Net Income (Loss) Per Common Share Attributable to CBI

3 Months Ended

May 31, 2020

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI

NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI

For the three months ended May 31, 2020, and May 31, 2019, net income (loss) per common share – diluted for Class A Common Stock and Class B Convertible Common Stock have been computed using the two-class method. The computation of basic and diluted net income (loss) per common share is as follows:

	For the Three Months Ended
	May 31, 2020				May 31, 2019
	Common Stock				Common Stock
	Class A (1)		Class B		Class A (1)		Class B
(in millions, except per share data)
Net income (loss) attributable to CBI allocated – basic and diluted	$	(158.0)	$	(19.9)	$	(217.7)	$	(27.7)
Weighted average common shares outstanding – basic and diluted	169.604		23.293		168.118		23.317
Net income (loss) per common share attributable to CBI – basic and diluted	$	(0.94)	$	(0.86)	$	(1.30)	$	(1.19)

(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 Three Months Ended
			May 31, 2020	May 31, 2019
		(in millions)
		Class B Convertible Common Stock	23.293	23.317
		Stock-based awards, primarily stock options	1.908	3.433