Earnings (Loss) Per Share

6 Months Ended

Nov. 30, 2020

Earnings Per Share [Abstract]

Earnings (Loss) per Share

NOTE N – Earnings (Loss) per Share

The following table sets forth the computation of basic and diluted earnings (loss) 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)	2020			2019		2020		2019
Numerator (basic & diluted):
Net earnings (loss) attributable to controlling interest -
income (loss) available to common shareholders	$	(74,044	)	$	52,086	$	542,631	$	47,310
Denominator:
Denominator for basic earnings (loss) per share attributable to
controlling interest - weighted average common shares		52,988			55,059		53,532		55,150
Effect of dilutive securities		-			1,013		907		1,055
Denominator for diluted earnings (loss) per share attributable to
controlling interest - adjusted weighted average common shares	$	52,988		$	56,072		54,439		56,205
Basic earnings (loss) per share attributable to controlling interest	$	(1.40	)	$	0.95	$	10.14	$	0.86
Diluted earnings (loss) per share attributable to controlling interest	$	(1.40	)	$	0.93	$	9.97	$	0.84

Stock options covering an aggregate of 405,433 common shares for the three months ended November 30, 2019, and 492,011 and 391,563 common shares for the six months ended November 30, 2020 and 2019, 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. All potentially dilutive shares (stock options and restricted common shares covering an aggregate of 1,030,835 common shares) have been excluded from the computation of diluted loss per share for the three months ended November 30, 2020, because the effect would have been anti-dilutive due to the overall net loss for the period.