Three Months Ended

Nine Months Ended

Computation of Earnings per Share

November 27,
2020

November 22,
2019

November 27,
2020

November 22,
2019

Net income

$

2.1

$

54.9

$

19.5

$

133.2

Adjustment for earnings attributable to participating securities

—

(1.1)

(0.4)

(2.6)

Net income used in calculating earnings per share

$

2.1

$

53.8

$

19.1

$

130.6

Weighted-average common shares outstanding including participating securities (in millions)

117.7

119.5

117.4

119.6

Adjustment for participating securities (in millions)

(2.9)

(2.3)

(2.5)

(2.3)

Shares used in calculating basic earnings per share (in millions)

114.8

117.2

114.9

117.3

Effect of dilutive stock-based compensation (in millions)

0.3

0.6

0.3

0.5

Shares used in calculating diluted earnings per share (in millions)

115.1

117.8

115.2

117.8

Earnings per share:

Basic

$

0.02

$

0.46

$

0.17

$

1.11

Diluted

$

0.02

$

0.46

$

0.17

$

1.11

Total common shares outstanding at period end (in millions)

114.9

117.2

114.9

117.2

Anti-dilutive performance units excluded from the computation of diluted earnings per share (in millions)

—