Earnings per Share

3 Months Ended

Aug. 31, 2022

Note N – Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share attributable to controlling interest for the periods presented:


	Three Months Ended
	August 31,
(in thousands, except per share amounts)	2022		2021
Numerator (basic & diluted):
Net earnings attributable to controlling interest -
income available to common shareholders	$	64,082	$	132,491
Denominator:
Denominator for basic earnings per share attributable to
controlling interest - weighted average common shares		48,478		50,852
Effect of dilutive securities		760		1,013
Denominator for diluted earnings per share attributable to
controlling interest - adjusted weighted average common shares		49,238		51,865

Basic earnings per share attributable to controlling interest	$	1.32	$	2.61
Diluted earnings per share attributable to controlling interest	$	1.30	$	2.55

Stock options covering an aggregate of 117,000 and 40,283 common shares for the three months ended August 31, 2022 and 2021, respectively, have been excluded from the computation of diluted earnings per share because the effect would have been anti-dilutive for the applicable period.