Earnings per Share

9 Months Ended

Feb. 28, 2023

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				Nine Months Ended
	February 28,				February 28,
(in thousands, except per share amounts)	2023		2022		2023		2022
Numerator (basic & diluted):
Net earnings attributable to controlling interest -
income available to common shareholders	$	46,325	$	56,342	$	126,625	$	299,134
Denominator:
Denominator for basic earnings per share attributable to
controlling interest - weighted average common shares		48,587		49,749		48,541		50,331
Effect of dilutive securities		906		892		815		944
Denominator for diluted earnings per share attributable to
controlling interest - adjusted weighted average common shares		49,493		50,641		49,356		51,275

Basic earnings per share attributable to controlling interest	$	0.95	$	1.13	$	2.61	$	5.94
Diluted earnings per share attributable to controlling interest	$	0.94	$	1.11	$	2.57	$	5.83

Stock options covering an aggregate of 138,100 and 53,800 common shares for the three months ended February 28, 2023 and 2022, respectively, and 131,000 and 49,500 common shares for the nine months ended February 28, 2023 and 2022, respectively have been excluded from the computation of diluted earnings per share because the effect would have been anti-dilutive for those periods.