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Earnings Per Common Share (Tables)
12 Months Ended
May 31, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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