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Earnings per Share (Tables)
3 Months Ended
Aug. 31, 2011
Earnings per Share  
Computation of basic and diluted earnings per share

(In thousands except per share data)

 

Three Months Ended

 

 

 

August 31,
2011

 

 

 

August 31,
2010

 

Basic Earnings per Share

 

 

 

 

 

 

 

 

Net income

 

 

$

68,638

 

 

 

$

61,277

 

 

 

 

 

 

 

 

 

 

Less: net income allocated to participating unvested securities

 

 

370

 

 

 

227

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

 

$

68,268

 

 

 

$

61,050

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

131,309

 

 

 

152,164

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

 

$

0.52

 

 

 

$

0.40

 

 

 

 

 

 

 

 

 

 

Diluted Earnings per Share

 

 

 

 

 

 

 

 

Net income

 

 

$

68,638

 

 

 

$

61,277

 

 

 

 

 

 

 

 

 

 

Less: net income allocated to participating unvested securities

 

 

370

 

 

 

227

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

 

$

68,268

 

 

 

$

61,050

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

131,309

 

 

 

152,164

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities – employee stock options

 

 

29

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted average common shares outstanding

 

 

131,338

 

 

 

152,164

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

 

 

$

0.52

 

 

 

$

0.40