|
| | | | | | | | | | | | | | | |
| Three Months Ended | Nine Months Ended |
Computation of Earnings per Share | November 25,
2016 | | November 27,
2015 | November 25,
2016 | | November 27,
2015 |
Net income | $ | 41.2 |
| | $ | 35.6 |
| | $ | 98.8 |
| | $ | 92.8 |
|
Adjustment for earnings attributable to participating securities | (0.8 | ) | | (0.7 | ) | | (1.9 | ) | | (1.9 | ) |
Net income used in calculating earnings per share | $ | 40.4 |
| | $ | 34.9 |
| | $ | 96.9 |
| | $ | 90.9 |
|
Weighted-average common shares outstanding including participating securities (in millions) | 120.4 |
| | 124.8 |
| | 121.1 |
| | 124.7 |
|
Adjustment for participating securities (in millions) | (2.4 | ) | | (2.6 | ) | | (2.4 | ) | | (2.6 | ) |
Shares used in calculating basic earnings per share (in millions) | 118.0 |
| | 122.2 |
| | 118.7 |
| | 122.1 |
|
Effect of dilutive stock-based compensation (in millions) | 0.4 |
| | 1.2 |
| | 0.5 |
| | 1.3 |
|
Shares used in calculating diluted earnings per share (in millions) | 118.4 |
| | 123.4 |
| | 119.2 |
| | 123.4 |
|
Earnings per share: | |
| | |
| | |
| | |
|
Basic | $ | 0.34 |
| | $ | 0.29 |
| | $ | 0.82 |
| | $ | 0.74 |
|
Diluted | $ | 0.34 |
| | $ | 0.28 |
| | $ | 0.81 |
| | $ | 0.74 |
|
Total common shares outstanding at period end (in millions) | 117.3 |
| | 122.4 |
| | 117.3 |
| | 122.4 |
|
| | | | | | | |
Anti-dilutive performance units excluded from computation of diluted earnings per share (in millions) | 0.3 |
| | — |
| | 0.3 |
| | — |
|