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Earnings per Share
 12 Months Ended
May 31, 2020
Earnings Per Share [Abstract]  
Earnings per Share

Note N – 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)

2020

 

 

2019

 

 

2018

 

Numerator (basic & diluted):

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to controlling interest - income available to

 

 

 

 

 

 

 

 

 

 

 

common shareholders

$

78,796

 

 

$

153,455

 

 

$

194,794

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share attributable to controlling

 

 

 

 

 

 

 

 

 

 

 

interest - weighted average common shares

 

54,958

 

 

 

57,196

 

 

 

60,923

 

Effect of dilutive securities

 

1,025

 

 

 

1,627

 

 

 

2,119

 

Denominator for diluted earnings per share attributable to controlling

 

 

 

 

 

 

 

 

 

 

 

interest - adjusted weighted average common shares

 

55,983

 

 

 

58,823

 

 

 

63,042

 

Basic earnings per share attributable to controlling interest

$

1.43

 

 

$

2.68

 

 

$

3.20

 

Diluted earnings per share attributable to controlling interest

$

1.41

 

 

$

2.61

 

 

$

3.09

 

 

Stock options covering 398,498, 313,144, and 188,504 common shares for fiscal 2020, fiscal 2019 and fiscal 2018, 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.