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Earnings Per Share (Tables)
12 Months Ended
May. 31, 2015
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, 2015 (shares in millions).

                                                                                                                                                                                    

 

 

For the Year Ended
May 31,

 

 

 

2015

 

2014

 

2013

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

Income (Loss) from continuing operations

 

$

(54.5

)

$

67.2

 

$

48.8

 

Less income attributable to participating shares

 

 

(0.3

)

 

(1.5

)

 

(2.0

)

​  

​  

​  

​  

​  

​  

Income (Loss) from continuing operations attributable to common shareholders

 

 

(54.8

)

 

65.7

 

 

46.8

 

Income from discontinued operations attributable to common shareholders

 

 

64.7

 

 

5.7

 

 

6.2

 

​  

​  

​  

​  

​  

​  

Net income attributable to common shareholders for earnings per share—basic

 

$

9.9

 

$

71.4

 

$

53.0

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

Income (Loss) from continuing operations

 

$

(54.5

)

$

67.2

 

$

48.8

 

Add after-tax interest on convertible debt

 

 

 

 

 

 

3.2

 

Less income attributable to participating shares

 

 

(0.3

)

 

(1.5

)

 

(1.9

)

​  

​  

​  

​  

​  

​  

Income (Loss) from continuing operations attributable to common shareholders

 

 

(54.8

)

 

65.7

 

 

50.1

 

Income from discontinued operations attributable to common shareholders

 

 

64.7

 

 

5.7

 

 

6.2

 

​  

​  

​  

​  

​  

​  

Net income attributable to common shareholders for earnings per share—diluted

 

$

9.9

 

$

71.4

 

$

56.3

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Weighted average common shares outstanding—basic

 

 

39.1

 

 

38.6

 

 

38.3

 

Additional shares from assumed conversion of debt

 

 

 

 

 

 

2.2

 

Additional shares from assumed exercise of stock options

 

 

0.3

 

 

0.5

 

 

0.1

 

​  

​  

​  

​  

​  

​  

Weighted average common shares outstanding—diluted

 

 

39.4

 

 

39.1

 

 

40.6

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings per share—basic:

 

 

 

 

 

 

 

 

 

 

Earnings (Loss) from continuing operations

 

$

(1.40

)

$

1.70

 

$

1.23

 

Earnings from discontinued operations

 

 

1.66

 

 

0.15

 

 

0.15

 

​  

​  

​  

​  

​  

​  

Earnings per share—basic

 

$

0.26

 

$

1.85

 

$

1.38

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings per share—diluted:

 

 

 

 

 

 

 

 

 

 

Earnings (Loss) from continuing operations

 

$

(1.40

)

$

1.68

 

$

1.23

 

Earnings from discontinued operations

 

 

1.64

 

 

0.15

 

 

0.15

 

​  

​  

​  

​  

​  

​  

Earnings per share—diluted

 

$

0.24

 

$

1.83

 

$

1.38

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​