Earnings per Share

6 Months Ended

Nov. 30, 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				Six Months Ended
	November 30,				November 30,
(in thousands, except per share amounts)	2022		2021		2022		2021
Numerator (basic & diluted):
Net earnings attributable to controlling interest -
income available to common shareholders	$	16,218	$	110,301	$	80,300	$	242,792
Denominator:
Denominator for basic earnings per share attributable to
controlling interest - weighted average common shares		48,558		50,381		48,518		50,618
Effect of dilutive securities		772		833		775		914
Denominator for diluted earnings per share attributable to
controlling interest - adjusted weighted average common shares		49,330		51,214		49,293		51,532

Basic earnings per share attributable to controlling interest	$	0.33	$	2.19	$	1.66	$	4.80
Diluted earnings per share attributable to controlling interest	$	0.33	$	2.15	$	1.63	$	4.71

Stock options covering an aggregate of 138,100 and 54,500 common shares for the three months ended November 30, 2022 and 2021, respectively, and 127,492 and 47,352 common shares for the six months ended November 20, 2022 and 2021, respectively have been excluded from the computation of diluted earnings per share because the effect would have been anti-dilutive for those periods.