Earnings Per Common Share

9 Months Ended

Feb. 28, 2026

Note 13 – Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share attributable to controlling interest for the periods presented:


	Three Months Ended
	February 28,		February 28,
(In millions, except per share amounts)	2026		2025
Numerator (basic & diluted):
Net earnings attributable to controlling interest – income available to common shareholders	$	10.4	$	13.8

Denominator:
Basic earnings weighted average common shares		49.9		49.5
Effect of dilutive securities		1.0		1.0
Diluted earnings adjusted weighted average common shares		50.9		50.5
Basic earnings per common share attributable to controlling interest	$	0.21	$	0.28
Diluted earnings per common share attributable to controlling interest	$	0.20	$	0.27

Anti-dilutive non-qualified stock options and restricted common share awards(1)		0.1		0.3


	Nine Months Ended
	February 28,		February 28,
(In millions, except per share amounts)	2026		2025
Numerator (basic & diluted):
Net earnings attributable to controlling interest – income available to common shareholders	$	66.0	$	55.0

Denominator:
Basic earnings weighted average common shares		49.8		49.5
Effect of dilutive securities		0.9		1.0
Diluted earnings adjusted weighted average common shares		50.7		50.5
Basic earnings per common share attributable to controlling interest	$	1.33	$	1.11
Diluted earnings per common share attributable to controlling interest	$	1.30	$	1.09

Anti-dilutive non-qualified stock options and restricted common share awards(1)		0.1		0.1

(1)

These non-qualified stock options and restricted common share awards were excluded from the calculation of diluted earnings per common share because their inclusion would have been anti-dilutive.

Earnings per common share was calculated based on the weighted-average number of common shares outstanding. Earnings per diluted common share included the weighted-average effect of dilutive restricted common shares and non-qualified stock options on the weighted-average shares outstanding.