Earnings per Share

12 Months Ended

May 31, 2022

Note O – Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the fiscal years ended May 31:


(in thousands, except per share amounts)	2022		2021		2020
Numerator (basic & diluted):
Net earnings attributable to controlling interest - income available to
common shareholders	$	379,386	$	723,795	$	78,796
Denominator:
Denominator for basic earnings per share attributable to controlling
interest - weighted average common shares		49,940		52,701		54,958
Effect of dilutive securities		1,053		1,216		1,025
Denominator for diluted earnings per share attributable to controlling
interest - adjusted weighted average common shares		50,993		53,917		55,983
Basic earnings per share attributable to controlling interest	$	7.60	$	13.73	$	1.43
Diluted earnings per share attributable to controlling interest	$	7.44	$	13.42	$	1.41

Stock options covering 50,540 common shares for fiscal 2022 have been excluded from the computation of diluted earnings per share because the effect of their inclusion would have been anti-dilutive. There were no anti-dilutive securities for fiscal 2021. Stock options covering 398,498 common shares for fiscal 2020 have been excluded from the computation of diluted earnings per share because the effect of their inclusion would have been anti-dilutive.