Earnings per Share

3 Months Ended

Aug. 31, 2021

NOTE N – 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
(in thousands, except per share amounts)	August 31, 2021		August 31, 2020
Numerator (basic & diluted):
Net earnings attributable to controlling interest -
income available to common shareholders	$	132,491	$	616,675
Denominator:
Denominator for basic earnings per share attributable to
controlling interest - weighted average common shares		50,852		54,070
Effect of dilutive securities		1,013		872
Denominator for diluted earnings per share attributable to
controlling interest - adjusted weighted average common shares		51,865		54,942

Basic earnings per share attributable to controlling interest	$	2.61	$	11.41
Diluted earnings per share attributable to controlling interest	$	2.55	$	11.22

Stock options covering an aggregate of 40,283 and 488,059 common shares have been excluded from the computation of diluted earnings per share attributable to controlling interest for the three months ended August 31, 2021 and 2020, respectively, because the effect would have been anti-dilutive.