Earnings per Share (Tables)

3 Months Ended

Aug. 31, 2011

Earnings per Share

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

	Three Months Ended
	August 31,
	2011			2010
Basic EPS:
Income from continuing operations	$	16,963		$	14,047
Less income attributable to participating shares	(596		)	—
Income from continuing operations available to common shareholders	16,367			14,047
Loss from discontinued operations	(314		)	(373		)
Net income attributable to AAR available to common shareholders	$	16,053		$	13,674
Basic shares:
Weighted average common shares outstanding	38,869			38,411
Earnings per share — basic:
Earnings from continuing operations	$	0.42		$	0.37
Loss from discontinued operations, net of tax	(0.01		)	(0.01		)
Earnings per share — basic	$	0.41		$	0.36
Diluted EPS:
Income from continuing operations	$	16,963		$	14,047
Less income attributable to participating shares	(548		)	—
Add after-tax interest on convertible debt	1,461			1,371
Income from continuing operations available to common shareholders	17,876			15,418
Loss from discontinued operations	(314		)	(373		)
Net income attributable to AAR available to common shareholders	$	17,562		$	15,045
Diluted shares:
Weighted average common shares outstanding	38,869			38,411
Additional shares from the assumed exercise of stock options	387			85
Additional shares from the assumed conversion of convertible debt	4,090			4,068
Weighted average common shares outstanding — diluted	43,346			42,564
Earnings per share — diluted:
Earnings from continuing operations	$	0.41		$	0.36
Loss from discontinued operations, net of tax	—			(0.01		)
Earnings per share — diluted	$	0.41		$	0.35