Earnings per Share

3 Months Ended

Aug. 31, 2016

NOTE L – Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share attributable to controlling interest for the three months ended August 31, 2016 and 2015:


	Three Months Ended August 31,
(in thousands, except per share amounts)	2016		2015
Numerator (basic & diluted):
Net earnings attributable to controlling interest – income available to common shareholders	$	65,567	$	31,968
Denominator:
Denominator for basic earnings per share attributable to controlling interest – weighted average common shares		61,885		63,993
Effect of dilutive securities		2,452		2,072

Denominator for diluted earnings per share attributable to controlling interest – adjusted weighted average common shares		64,337		66,065

Basic earnings per share attributable to controlling interest	$	1.06	$	0.50
Diluted earnings per share attributable to controlling interest	$	1.02	$	0.48

Stock options and restricted common shares covering 161,429 and 318,904 common shares for the three months ended August 31, 2016 and 2015, respectively, have been excluded from the computation of diluted earnings per share because the effect of their inclusion would have been anti-dilutive.