Interim Financial Results (Unaudited) (Tables)

12 Months Ended

Feb. 29, 2020

Interim Financial Results (Unaudited)

Schedule of interim financial results (unaudited)

	Fiscal Year 2020
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Year
Revenues	$	5,372,589	$	5,366,264	$	5,462,298	$	5,727,242	$	21,928,393
Cost of revenues		4,245,866		4,221,825		4,273,323		4,460,621		17,201,635
Selling, general and administrative expenses		1,162,652		1,135,530		1,134,854		1,154,300		4,587,336
Lease termination and impairment charges		478		1,471		166		40,728		42,843
Interest expense		58,270		60,102		57,856		53,429		229,657
Gain on debt retirements, net		—		—		(55,692)		—		(55,692)
(Gain) loss on sale of assets, net		(2,712)		(1,587)		(1,371)		9,896		4,226
		5,464,554		5,417,341		5,409,136		5,718,974		22,010,005
(Loss) income from continuing operations before income taxes		(91,965)		(51,077)		53,162		8,268		(81,612)
Income tax (benefit) expense		7,374		27,628		876		351,729		387,607
Loss from continuing operations		(99,339)		(78,705)		52,286		(343,461)		(469,219)
Net income (loss) from discontinued operations, net of tax		(320)		(574)		(801)		18,740		17,045
Net income (loss)		(99,659)		(79,279)		51,485		(324,721)		(452,174)
Basic (loss) income per share(a):
Continuing operations	$	(1.88)	$	(1.48)	$	0.98	$	(6.43)	$	(8.82)
Discontinued operations	$	—	$	(0.01)	$	(0.01)	$	0.35	$	0.32
Net basic (loss) income per share	$	(1.88)	$	(1.49)	$	0.97	$	(6.08)	$	(8.50)
Diluted (loss) income per share(a):
Continuing operations	$	(1.88)	$	(1.48)	$	0.98	$	(6.43)	$	(8.82)
Discontinued operations	$	—	$	(0.01)	$	(0.02)	$	0.35	$	0.32
Net diluted (loss) income per share	$	(1.88)	$	(1.49)	$	0.96	$	(6.08)	$	(8.50)

	Fiscal Year 2019
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Year
Revenues	$	5,388,490	$	5,421,362	$	5,450,060	$	5,379,645	$	21,639,557
Cost of revenues		4,219,741		4,260,211		4,267,972		4,215,281		16,963,205
Selling, general and administrative expenses		1,152,627		1,153,991		1,142,555		1,143,202		4,592,375
Lease termination and impairment charges		9,859		39,609		2,628		55,898		107,994
Goodwill and intangible asset impairment charges		—		375,190		—		—		375,190
Interest expense		62,792		56,233		56,008		52,695		227,728
Loss on debt retirements, net		554		—				—		554
Gain on sale of assets, net		(5,859)		(4,965)		(382)		(26,806)		(38,012)
		5,439,714		5,880,269		5,468,781		5,440,270		22,229,034
Loss from continuing operations before income taxes		(51,224)		(458,907)		(18,721)		(60,625)		(589,477)
Income tax (benefit) expense		(9,497)		(106,559)		(1,471)		195,004		77,477
Loss from continuing operations		(41,727)		(352,348)		(17,250)		(255,629)		(666,954)
Net income (loss) from discontinued operations, net of tax		256,143		(6,792)		12,740		(17,350)		244,741
Net income (loss)	$	214,416	$	(359,140)	$	(4,510)	$	(272,979)	$	(422,213)
Basic and diluted income (loss) per share(a):
Continuing operations	$	(0.79)	$	(6.67)	$	(0.33)	$	(4.83)	$	(12.62)
Discontinued operations	$	4.86	$	(0.13)	$	0.24	$	(0.32)	$	4.63
Net basic and diluted income (loss) per share	$	4.07	$	(6.80)	$	(0.09)	$	(5.15)	$	(7.99)

(a) Income per share amounts for each quarter may not necessarily total to the yearly income per share due to the weighting of shares outstanding on a quarterly and year-to-date basis.