Earnings per Share (Tables)

6 Months Ended

Nov. 30, 2011

Earnings per Share

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

	Three Months Ended						Six Months Ended
	November 30,						November 30,
	2011			2010			2011			2010
Basic EPS:
Income from continuing operations	$	17,519		$	18,090		$	34,482		$	32,137
Less income attributable to participating shares	(681		)	—			(1,277		)	—
Income from continuing operations available to common shareholders	16,838			18,090			33,205			32,137
Income (loss) from discontinued operations	13			(1,276		)	(301		)	(1,649		)
Net income attributable to AAR available to common shareholders	$	16,851		$	16,814		$	32,904		$	30,488
Basic shares:
Weighted average common shares outstanding	38,703			38,301			38,802			38,335
Earnings per share — basic:
Earnings from continuing operations	$	0.44		$	0.47		$	0.86		$	0.84
Income (loss) from discontinued operations, net of tax	(0.00		)	(0.03		)	(0.01		)	(0.04		)
Earnings per share — basic	$	0.44		$	0.44		$	0.85		$	0.80

	Three Months Ended						Six Months Ended
	November 30,						November 30,
	2011			2010			2011			2010
Diluted EPS:
Income from continuing operations	$	17,519		$	18,090		$	34,482		$	32,137
Less income attributable to participating shares	(628		)	—			(1,176		)	—
Add after-tax interest on convertible debt	1,484			1,392			2,945			2,763
Income from continuing operations available to common shareholders	18,375			19,482			36,251			34,900
Income (loss) from discontinued operations	13			(1,276		)	(301		)	(1,649		)
Net income attributable to AAR available to common shareholders	$	18,388		$	18,206		$	35,950		$	33,251
Diluted shares:
Weighted average common shares outstanding	38,703			38,301			38,802			38,335
Additional shares from the assumed exercise of stock options	147			274			285			172
Additional shares from the assumed vesting of restricted stock	—			587			—			517
Additional shares from the assumed conversion of convertible debt	4,107			4,068			4,107			4,068
Weighted average common shares outstanding — diluted	42,957			43,230			43,194			43,092
Earnings per share — diluted:
Earnings from continuing operations	$	0.43		$	0.45		$	0.84		$	0.81
Income (loss) from discontinued operations, net of tax	(0.00		)	(0.03		)	(0.01		)	(0.04		)
Earnings per share — diluted	$	0.43		$	0.42		$	0.83		$	0.77