Earnings per Share

6 Months Ended

Nov. 30, 2018

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 November 30,				Six Months Ended November 30,
(in thousands, except per share amounts)	2018		2017		2018		2017
Numerator (basic & diluted):
Net earnings attributable to controlling interest -
income available to common shareholders	$	34,002	$	39,403	$	88,944	$	84,937
Denominator:
Denominator for basic earnings per share attributable to
controlling interest - weighted average common shares		57,716		61,503		58,226		61,976
Effect of dilutive securities		1,622		1,965		1,787		2,068
Denominator for diluted earnings per share attributable to
controlling interest - adjusted weighted average common shares		59,338		63,468		60,013		64,044

Basic earnings per share attributable to controlling interest	$	0.59	$	0.64	$	1.53	$	1.37
Diluted earnings per share attributable to controlling interest	$	0.57	$	0.62	$	1.48	$	1.33

Stock options covering 223,372 and 195,774 common shares for the three months ended November 30, 2018 and 2017, respectively, and 152,256 and 76,605 common shares for the six months ended November 30, 2018 and 2017, 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.