Earnings per Share

9 Months Ended

Feb. 28, 2022

NOTE O – 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				Nine Months Ended
	February 28,				February 28,
(in thousands, except per share amounts)	2022		2021		2022		2021
Numerator (basic & diluted):
Net earnings attributable to controlling interest -
income available to common shareholders	$	56,342	$	67,609	$	299,134	$	610,240
Denominator:
Denominator for basic earnings per share attributable to
controlling interest - weighted average common shares		49,749		52,149		50,331		53,076
Effect of dilutive securities		892		1,068		944		1,001
Denominator for diluted earnings per share attributable to
controlling interest - adjusted weighted average common shares		50,641		53,217		51,275		54,077

Basic earnings per share attributable to controlling interest	$	1.13	$	1.30	$	5.94	$	11.50
Diluted earnings per share attributable to controlling interest	$	1.11	$	1.27	$	5.83	$	11.28

Stock options covering an aggregate of 53,800 and 49,500 common shares for the three and nine months ended February 28, 2022, respectively, have been excluded from the computation of diluted earnings per share because the effect would have been anti-dilutive for the period. There were no anti-dilutive securities for the three and nine months ended February 28, 2021.