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Earnings (Loss) Per Share
 3 Months Ended
Aug. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings (Loss) Per Share
 
The following table summarizes the reconciliation of the numerators and denominators for the basic and diluted earnings (loss) per share computation for the three month periods ended August 31, 2014 and 2013, respectively:
 
Three months ended
 
August 31, 2014
 
August 31, 2013
Earnings (loss) from continuing operations attributable to Class A and Common Shares
$
(34.0
)
 
$
(30.1
)
Earnings (loss) from discontinued operations attributable to Class A and Common Shares, net of tax
(0.1
)
 
0.2

Net income (loss) attributable to Class A and Common Shares
$
(34.1
)
 
$
(29.9
)
Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions)
32.4

 
31.8

Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions)
*

 
*

Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions)
*

 
*

Earnings (loss) per share of Class A Stock and Common Stock:
 

 
 

Basic earnings (loss) per share:
 

 
 

Earnings (loss) from continuing operations
$
(1.05
)
 
$
(0.94
)
Earnings (loss) from discontinued operations, net of tax
$
(0.00
)
 
$
0.00

Net income (loss)
$
(1.05
)
 
$
(0.94
)
Diluted earnings (loss) per share:
 

 
 

Earnings (loss) from continuing operations
$
(1.05
)
 
$
(0.94
)
Earnings (loss) from discontinued operations, net of tax
$
(0.00
)
 
$
0.00

Net income (loss)
$
(1.05
)
 
$
(0.94
)


* In each of the three month periods ended August 31, 2014 and 2013, the Company experienced a Loss from continuing operations and therefore did not report any dilutive share impact.

The following table sets forth Options outstanding pursuant to stock-based compensation plans as of the dates indicated: 
 
August 31, 2014
 
August 31, 2013
Options outstanding pursuant to stock-based compensation plans (in millions)
4.0
 
4.0

 
In periods of net loss, dilutive earnings per share are not reported, as the effect of the potentially dilutive shares becomes anti-dilutive.

In a period in which the Company reports a discontinued operation, Earnings (loss) from continuing operations is used as the “control number” in determining whether potentially dilutive common shares are dilutive or anti-dilutive.
 
A portion of the Company’s RSUs which are granted to employees participate in earnings through cumulative non-forfeitable dividends payable to the employees upon vesting of the RSUs. Accordingly, the Company measures earnings per share based upon the lower of the Two-class method or the Treasury Stock method. Since, under the Two-class method, losses are not allocated to the participating securities, in periods of loss the Two-class method is not applicable.
 
As of August 31, 2014, $13.4 remains available for future purchases of common shares under the current repurchase authorization of the Board of Directors. See Note 10, “Treasury Stock,” for a more complete description of the Company’s share buy-back program.