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Net Income (Loss) Per Common Share Attributable to CBI (Tables) | 6 Months Ended
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Aug. 31, 2023
Earnings Per Share [Abstract] |
Basic and diluted net income (loss) per common share attributable to CBI | The computation of basic and diluted net income (loss) per common share for Class A Stock are as follows:
| For the Six Months Ended August 31, 2023 |  | For the Three Months Ended August 31, 2023 |  |
(in millions, except per share data) |  |  |  |  |  |  |
Net income (loss) attributable to CBI | $ | 825.9 |  |  | $ | 690.0 |  |  |  |  |
Weighted average common shares outstanding – basic | 183.384 |  |  | 183.498 |  |  |  |  |
Stock-based awards, primarily stock options | 0.690 |  |  | 0.779 |  |  |  |  |
Weighted average common shares outstanding – diluted | 184.074 |  |  | 184.277 |  |  |  |  |
Net income (loss) per common share attributable to CBI – basic | $ | 4.50 |  |  | $ | 3.76 |  |  |  |  |
Net income (loss) per common share attributable to CBI – diluted | $ | 4.49 |  |  | $ | 3.74 |  |  |  |  |
For the six months and three months ended August 31, 2022, net income (loss) per common share – diluted for Class A Stock and Class B Stock has been computed using the two-class method. The computation of basic and diluted net income (loss) per common share are as follows:
|  |  | For the Six Months Ended August 31, 2022 |  | For the Three Months Ended August 31, 2022
|  |  | Class A Stock |  | Class B Stock |  | Class A Stock |  | Class B Stock
(in millions, except per share data) |  |  |  |  |  |  |  |  |
Net income (loss) attributable to CBI allocated – basic |  |  | $ | (674.2) |  |  | $ | (87.5) |  |  | $ | (1,018.2) |  |  | $ | (133.0) |
Conversion of Class B common shares into Class A common shares |  |  | — |  |  | — |  |  | — |  |  | — |
Effect of stock-based awards on allocated net income (loss) |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to CBI allocated – diluted |  |  | $ | (674.2) |  |  | $ | (87.5) |  |  | $ | (1,018.2) |  |  | $ | (133.0) |
Weighted average common shares outstanding – basic |  |  | 163.532 |  |  | 23.206 |  |  | 161.730 |  |  | 23.206 |
Conversion of Class B common shares into Class A common shares |  |  | — |  |  | — |  |  | — |  |  | — |
Stock-based awards, primarily stock options (1) |  |  | — |  |  | — |  |  | — |  |  | — |
Weighted average common shares outstanding – diluted |  |  | 163.532 |  |  | 23.206 |  |  | 161.730 |  |  | 23.206 |
Net income (loss) per common share attributable to CBI – basic |  |  | $ | (4.13) |  |  | $ | (3.77) |  |  | $ | (6.30) |  |  | $ | (5.73) |
Net income (loss) per common share attributable to CBI – diluted |  |  | $ | (4.13) |  |  | $ | (3.77) |  |  | $ | (6.30) |  |  | $ | (5.73) |
(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 Six Months Ended August 31, 2022 |  | For the Three Months Ended August 31, 2022
|  | (in millions) |  |  |
|  | Class B Stock | 23.206 |  |  | 23.206 |
|  | Stock-based awards, primarily stock options | 0.802 |  |  | 0.801 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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