Earnings Per Share (Tables)

12 Months Ended

May 31, 2014

Earnings Per Share

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

The following tables provide a reconciliation of the computations of basic and diluted earnings per share information for each of the years in the three-year period ended May 31, 2014 (shares in millions).

	For the Year Ended May 31,
	2014			2013			2012
Basic EPS:
Net income attributable to AAR and noncontrolling interest	$	73.2		$	55.5		$	68.0
Less income attributable to participating shares		(1.5	)		(2.0	)		(2.5	)
Less income attributable to noncontrolling interest		(0.3	)		(0.5	)		(0.3	)
Net income attributable to AAR available to common shareholders	$	71.4		$	53.0		$	65.2
Basic shares:
Weighted average common shares outstanding		38.6			38.3			38.8
Earnings per share—basic	$	1.85		$	1.38		$	1.68
Diluted EPS:
Net income attributable to AAR and noncontrolling interest	$	73.2		$	55.5		$	68.0
Less income attributable to participating shares		(1.5	)		(1.9	)		(2.3	)
Less income attributable to noncontrolling interest		(0.3	)		(0.5	)		(0.3	)
Add after-tax interest on convertible debt		—			3.2			5.8
Net income attributable to AAR available to common shareholders	$	71.4		$	56.3		$	71.2
Diluted shares:
Weighted average common shares outstanding		38.6			38.3			38.8
Additional shares from the assumed exercise of stock options		0.5			0.1			0.2
Additional shares from the assumed conversion of convertible debt		—			2.2			4.1
Weighted average common shares outstanding—diluted		39.1			40.6			43.1
Earnings per share—diluted	$	1.83		$	1.38		$	1.65