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Earnings (Loss) Per Share | 6 Months Ended
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Aug. 23, 2024
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 August 23, 2024 | Three Months Ended August 25, 2023
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 | $ | 63.1 |  |  | 118.1 |  |  | 118.8 |  |  | $ | 27.5 |  |  | 118.8 |  |  | 119.1 |  |
Impact of participating securities | (2.1) |  |  | (4.0) |  |  | (4.0) |  |  | (1.1) |  |  | (4.8) |  |  | (4.8) |  |
Amounts used in calculating earnings per share, excluding participating securities | $ | 61.0 |  |  | 114.1 |  |  | 114.8 |  |  | $ | 26.4 |  |  | 114.0 |  |  | 114.3 |  |
Earnings per share |  |  | $ | 0.53 |  |  | $ | 0.53 |  |  |  |  | $ | 0.23 |  |  | $ | 0.23 |  |
Computation of Earnings Per Share | Six Months Ended August 23, 2024 | Six Months Ended August 25, 2023
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 | $ | 74.0 |  |  | 118.2 |  |  | 119.0 |  |  | $ | 29.0 |  |  | 118.4 |  |  | 118.6 |  |
Impact of participating securities | (2.4) |  |  | (3.8) |  |  | (3.8) |  |  | (1.1) |  |  | (4.4) |  |  | (4.4) |  |
Amounts used in calculating earnings per share, excluding participating securities | $ | 71.6 |  |  | 114.4 |  |  | 115.2 |  |  | $ | 27.9 |  |  | 114.0 |  |  | 114.2 |  |
Earnings per share |  |  | $ | 0.63 |  |  | $ | 0.62 |  |  |  |  | $ | 0.24 |  |  | $ | 0.24 |  |
There were no anti-dilutive performance units excluded from the computation of diluted earnings per share for the three and six months ended August 23, 2024 and August 25, 2023.

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