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Earnings Per Share | 9 Months Ended
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Nov. 26, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE Earnings per share is computed using the two-class method. The two-class method determines earnings 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 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 Per Share | Three Months Ended November 26, 2021 | Three Months Ended November 27, 2020
Net Income | Basic Shares (in millions) | Diluted Shares (in millions) | Net Income | Basic Shares (in millions) | Diluted Shares (in millions)
Amounts used in calculating earnings per share | $ | 9.6 |  |  | 116.0 |  |  | 116.3 |  |  | $ | 2.1 |  |  | 117.7 |  |  | 118.0 |  |
Impact of participating securities | (0.3) |  |  | (3.2) |  |  | (3.2) |  |  | — |  |  | (2.9) |  |  | (2.9) |  |
Amounts used in calculating earnings per share, excluding participating securities | $ | 9.3 |  |  | 112.8 |  |  | 113.1 |  |  | $ | 2.1 |  |  | 114.8 |  |  | 115.1 |  |
Earnings per share |  |  | $ | 0.08 |  |  | $ | 0.08 |  |  |  |  | $ | 0.02 |  |  | $ | 0.02 |  |
There were no anti-dilutive performance units excluded from the computation of diluted earnings per share for the three months ended November 26, 2021 and November 27, 2020.
Computation of Earnings Per Share | Nine Months Ended November 26, 2021 | Nine Months Ended November 27, 2020
Net Income | Basic Shares (in millions) | Diluted Shares (in millions) | Net Income | Basic Shares (in millions) | Diluted Shares (in millions)
Amounts used in calculating earnings per share | $ | 6.2 |  |  | 117.4 |  |  | 117.8 |  |  | $ | 19.5 |  |  | 117.4 |  |  | 117.7 |  |
Impact of participating securities | (0.2) |  |  | (3.0) |  |  | (3.0) |  |  | (0.4) |  |  | (2.5) |  |  | (2.5) |  |
Amounts used in calculating earnings per share, excluding participating securities | $ | 6.0 |  |  | 114.4 |  |  | 114.8 |  |  | $ | 19.1 |  |  | 114.9 |  |  | 115.2 |  |
Earnings per share |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  |  |  | $ | 0.17 |  |  | $ | 0.17 |  |
There were no anti-dilutive performance units excluded from the computation of diluted earnings per share for the nine months ended November 26, 2021 and November 27, 2020.

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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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