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Earnings Per Share | 3 Months Ended
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May 28, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS (LOSS) PER SHARE Earnings (loss) per share is computed using the two-class method. The two-class method determines earnings (loss) per share for each class of common stock and participating securities according to dividends or dividend equivalents and their respective participation rights in undistributed earnings. Participating securities represent restricted stock units in which the participants have non-forfeitable rights to dividend equivalents during the performance period. Diluted earnings (loss) per share includes the effects of certain performance units in which the participants have forfeitable rights to dividend equivalents during the performance period.
Computation of Earnings (Loss) Per Share | Three Months Ended May 28, 2021 |  |  |  |  |  |  |  |
Net Loss | Basic Shares (in millions) | Diluted Shares (in millions) |  |  |  |  |  |  |  |
Unadjusted amounts | $ | (28.1) |  |  | 118.3 |  |  | 118.3 |  |  |  |  |  |  |  |  |  |
Adjustment for participating securities | 0.6 |  |  | (2.7) |  |  | (2.7) |  |  |  |  |  |  |  |  |  |
Amounts used in calculating earnings (loss) per share | $ | (27.5) |  |  | 115.6 |  |  | 115.6 |  |  |  |  |  |  |  |  |  |
Earnings (loss) per share |  |  | $ | (0.24) |  |  | $ | (0.24) |  |  |  |  |  |  |  |  |  |
Computation of Earnings (Loss) Per Share | Three Months Ended May 29, 2020 |  |  |  |  |  |  |  |
Net Loss | Basic Shares (in millions) | Diluted Shares (in millions) |  |  |  |  |  |  |  |
Unadjusted amounts | $ | (38.1) |  |  | 117.3 |  |  | 117.3 |  |  |  |  |  |  |  |  |  |
Adjustment for participating securities | 0.7 |  |  | (2.2) |  |  | (2.2) |  |  |  |  |  |  |  |  |  |
Amounts used in calculating earnings (loss) per share | $ | (37.4) |  |  | 115.1 |  |  | 115.1 |  |  |  |  |  |  |  |  |  |
Earnings (loss) per share |  |  | $ | (0.33) |  |  | $ | (0.33) |  |  |  |  |  |  |  |  |  |
Anti-dilutive performance units excluded from the computation of diluted earnings (loss) per share were 0.5 million and 0.3 million as of May 28, 2021 and May 29, 2020, respectively. Total common shares outstanding were 115.7 million and 114.8 million as of May 28, 2021 and May 29, 2020, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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