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Earnings Per Common Share (Tables)
 12 Months Ended
May 31, 2024
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the prior three fiscal years:

 

(In millions, except per common share amounts)

2024

 

 

2023

 

 

2022

 

Numerator (basic & diluted):

 

 

 

 

 

 

 

 

Net earnings attributable to controlling interest –

 

 

 

 

 

 

 

 

income available to common shareholders

$

154.7

 

 

$

87.1

 

 

$

180.4

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic earnings per common share attributable to

 

 

 

 

 

 

 

 

controlling interest – weighted average common shares

 

49.3

 

 

 

49.3

 

 

 

49.3

 

Effect of dilutive securities:

 

0.5

 

 

 

-

 

 

 

-

 

Denominator for diluted earnings per common share attributable to

 

 

 

 

 

 

 

 

controlling interest – adjusted weighted average common shares

 

49.8

 

 

 

49.3

 

 

 

49.3

 

 

 

 

 

 

 

 

 

Basic earnings per common share attributable to controlling interest

$

3.14

 

 

$

1.77

 

 

$

3.66

 

Diluted earnings per common share attributable to controlling interest

$

3.11

 

 

$

1.77

 

 

$

3.66

 

 

 

 

 

 

 

 

 

 

Anti-dilutive non-qualified stock options and restricted common share awards(1)

 

-

 

 

 

-

 

 

 

-

 

 

 

 
(1)
These non-qualified stock options and restricted common share awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. There were no anti-dilutive non-qualified stock options and restricted common share awards prior to the Separation. The number of anti-dilutive non-qualified stock options and restricted common share awards for 2024 was less than 0.1 million.