XML 50 R23.htm IDEA: XBRL DOCUMENT v3.23.2
Earnings Per Common Share
 12 Months Ended
May 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Common Share

Note O – Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the prior three fiscal years:

 

(In thousands, except per common share amounts)

2023

 

 

2022

 

 

2021

 

Numerator (basic & diluted):

 

 

 

 

 

 

 

 

Net earnings attributable to controlling interest - income available to

 

 

 

 

 

 

 

 

common shareholders

$

256,528

 

 

$

379,386

 

 

$

723,795

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic earnings per common share attributable to controlling

 

 

 

 

 

 

 

 

interest - weighted average common shares

 

48,566

 

 

 

49,940

 

 

 

52,701

 

Effect of dilutive securities

 

820

 

 

 

1,053

 

 

 

1,216

 

Denominator for diluted earnings per common share attributable to controlling

 

 

 

 

 

 

 

 

interest - adjusted weighted average common shares

 

49,386

 

 

 

50,993

 

 

 

53,917

 

Basic earnings per common share attributable to controlling interest

$

5.28

 

 

$

7.60

 

 

$

13.73

 

Diluted earnings per common share attributable to controlling interest

$

5.19

 

 

$

7.44

 

 

$

13.42

 

 

Stock options covering 133 and 51 common shares for fiscal 2023 and fiscal 2022, respectively, have been excluded from the computation of diluted earnings per common share because the effect of their inclusion would have been anti-dilutive. There were no anti-dilutive securities for fiscal 2021.