Earnings per Share

3 Months Ended

Aug. 31, 2023

Note M – 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 common share amounts)	2023		2022
Numerator (basic & diluted):
Net earnings attributable to controlling interest -
income available to common shareholders	$	96,106	$	64,082
Denominator:
Denominator for basic earnings per share attributable to
controlling interest – weighted average common shares		48,842		48,478
Effect of dilutive securities		1,044		760
Denominator for diluted earnings per share attributable to
controlling interest – adjusted weighted average common shares		49,886		49,238

Basic earnings per common share attributable to controlling interest	$	1.97	$	1.32
Diluted earnings per common share attributable to controlling interest	$	1.93	$	1.30

Stock options covering 37 and 117 common shares for the three months ended August 31, 2023 and 2022, respectively, have been excluded from the computation of diluted earnings per common share because the effect would have been anti-dilutive for those periods.