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Earnings per Share
 3 Months Ended
Aug. 31, 2018
Earnings Per Share [Abstract]  
Earnings per Share

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 share amounts)

2018

 

 

2017

 

Numerator (basic & diluted):

 

 

 

 

 

 

 

Net earnings attributable to controlling interest -

 

 

 

 

 

 

 

income available to common shareholders

$

54,942

 

 

$

45,534

 

Denominator:

 

 

 

 

 

 

 

Denominator for basic earnings per share attributable to

 

 

 

 

 

 

 

controlling interest - weighted average common shares

 

58,731

 

 

 

62,444

 

Effect of dilutive securities

 

1,890

 

 

 

2,146

 

Denominator for diluted earnings per share attributable to

 

 

 

 

 

 

 

controlling interest - adjusted weighted average common shares

 

60,621

 

 

 

64,590

 

 

 

 

 

 

 

 

 

Basic earnings per share attributable to controlling interest

$

0.94

 

 

$

0.73

 

Diluted earnings per share attributable to controlling interest

$

0.91

 

 

$

0.70

 

 

Stock options covering 148,004 common shares have been excluded from the computation of diluted earnings per share for the three months ended August 31, 2018 because the effect of their inclusion would have been “anti-dilutive” for the period.