Earnings Per Share (Tables)

12 Months Ended

May 31, 2012

Earnings Per Share

Reconciliation of the computations of basic and diluted earnings per share information

	For the Year Ended May 31,
	2012			2011			2010
Basic EPS:
Net income attributable to AAR and noncontrolling interest	$	68,029		$	69,826		$	43,202
Less income attributable to participating shares		(2,545	)		(2,279	)		—
Less (income) loss attributable to noncontrolling interest		(306	)		—			1,426
Net income attributable to AAR available to common shareholders	$	65,178		$	67,547		$	44,628
Basic shares:
Weighted average common shares outstanding		38,814			38,355			38,182
Earnings per share—basic	$	1.68		$	1.76		$	1.17
Diluted EPS:
Net income attributable to AAR and noncontrolling interest	$	68,029		$	69,826		$	43,202
Less income attributable to participating shares		(2,346	)		—			—
Less (income) loss attributable to noncontrolling interest		(306	)		—			1,426
Add after-tax interest on convertible debt		5,863			5,615			5,274
Net income attributable to AAR available to common shareholders	$	71,240		$	75,441		$	49,902
Diluted shares:
Weighted average common shares outstanding		38,814			38,355			38,182
Additional shares from the assumed exercise of stock options		213			319			196
Additional shares from the assumed vesting of restricted stock		—			851			645
Additional shares from the assumed conversion of convertible debt		4,057			4,068			4,068
Weighted average common shares outstanding—diluted		43,084			43,593			43,091
Earnings per share—diluted	$	1.65		$	1.73		$	1.16