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Earnings per Share (Tables)
12 Months Ended
May 31, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the fiscal years ended May 31:

 

(in thousands, except per share amounts)

2018

 

 

2017

 

 

2016

 

Numerator (basic & diluted):

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to controlling interest - income available to

 

 

 

 

 

 

 

 

 

 

 

common shareholders

$

194,794

 

 

$

204,515

 

 

$

143,715

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share attributable to controlling

 

 

 

 

 

 

 

 

 

 

 

interest - weighted average common shares

 

60,923

 

 

 

62,443

 

 

 

62,469

 

Effect of dilutive securities

 

2,119

 

 

 

2,431

 

 

 

2,286

 

Denominator for diluted earnings per share attributable to controlling

 

 

 

 

 

 

 

 

 

 

 

interest - adjusted weighted average common shares

 

63,042

 

 

 

64,874

 

 

 

64,755

 

Basic earnings per share attributable to controlling interest

$

3.20

 

 

$

3.28

 

 

$

2.30

 

Diluted earnings per share attributable to controlling interest

$

3.09

 

 

$

3.15

 

 

$

2.22