Earnings per Share (Tables)

9 Months Ended

Feb. 28, 2013

Earnings per Share

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

	Three Months Ended						Nine Months Ended
	February 28/29,						February 28/29,
	2013			2012			2013			2012
Basic EPS:
Net income attributable to AAR and noncontrolling interest	$	18.5		$	20.8		$	54.7		$	55.0
Less income attributable to participating shares	(0.7		)	(0.8		)	(2.0		)	(2.1		)
Less income attributable to noncontrolling interest	(0.1		)	(0.2		)	(0.3		)	(0.2		)
Net income attributable to AAR available to common shareholders	$	17.7		$	19.8		$	52.4		$	52.7
Basic shares:
Weighted average common shares outstanding	38.2			38.7			38.4			38.8
Earnings per share — basic	$	0.47		$	0.51		$	1.37		$	1.36
Diluted EPS:
Net income attributable to AAR and noncontrolling interest	$	18.5		$	20.8		$	54.7		$	55.0
Less income attributable to participating shares	(0.6		)	(0.7		)	(1.9		)	(1.9		)
Less income attributable to noncontrolling interest	(0.1		)	(0.2		)	(0.3		)	(0.2		)
Add after-tax interest on convertible debt	0.8			1.6			3.2			4.5
Net income attributable to AAR available to common shareholders	$	18.6		$	21.5		$	55.7		$	57.4
Diluted shares:
Weighted average common shares outstanding	38.2			38.7			38.4			38.8
Additional shares from the assumed exercise of stock options	0.2			0.2			—			0.2
Additional shares from the assumed conversion of convertible debt	2.2			4.1			2.9			4.1
Weighted average common shares outstanding — diluted	40.6			43.0			41.3			43.1
Earnings per share — diluted	$	0.46		$	0.50		$	1.35		$	1.33