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 periods presented:


	Three Months Ended November 30,				Six Months Ended November 30,
(in thousands, except per share amounts)	2017		2016		2017		2016
Numerator (basic & diluted):
Net earnings attributable to controlling interest -income available to common shareholders	$	39,403	$	46,565	$	84,937	$	112,132
Denominator:
Denominator for basic earnings per share attributable to controlling interest—weighted average common shares		61,503		62,348		61,976		62,115
Effect of dilutive securities		1,965		2,377		2,068		2,484

Denominator for diluted earnings per share attributable to controlling interest—adjusted weighted average common shares		63,468		64,725		64,044		64,599

Basic earnings per share attributable to controlling interest	$	0.64	$	0.75	$	1.37	$	1.81
Diluted earnings per share attributable to controlling interest	$	0.62	$	0.72	$	1.33	$	1.74

Stock options covering 195,774 and 110,354 common shares for the three months ended November 30, 2017 and 2016, respectively, and 76,605 and 92,923 common shares for the six months ended November 30, 2017 and 2016, respectively, have been excluded from the computation of diluted earnings per share because the effect of their inclusion would have been “anti-dilutive” for those periods.