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Earnings (Loss) Per Share
 12 Months Ended
May 31, 2020
Earnings Per Share [Abstract]  
Earnings (Loss) 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 fiscal years ended May 31:
 
2020
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to Class A and Common Shares
$
(43.8
)
 
$
15.5

 
$
(5.0
)
Weighted average Shares of Class A Stock and Common Stock
outstanding for basic earnings (loss) per share (in millions)
 
34.6

 
 
35.2

 
 
35.0

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

 
 
0.6

 
 
—

Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions)
 
34.6

 
 
35.8

 
 
35.0

 
 
 

 
 
 

 
 
 

Earnings (loss) per share of Class A Stock and Common Stock
 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
(1.27
)
 
$
0.44

 
$
(0.14
)
Diluted earnings (loss) per share
$
(1.27
)
 
$
0.43

 
$
(0.14
)


Net income (loss) attributable to Class A and Common Shares excludes earnings of $0.1 for the fiscal year ended May 31, 2019, for earnings attributable to participating restricted stock units. The Company experienced a loss for the fiscal years ended May 31, 2020 and May 31, 2018 and therefore did not allocate any loss to the participating restricted stock units.

There were 2.5 million of potentially anti-dilutive shares outstanding pursuant to compensation plans as of May 31, 2020.

A portion of the Company’s restricted stock units which are granted to employees participate in earnings through cumulative dividends which are payable and non-forfeitable to the employees upon vesting of the restricted stock units. Accordingly, the Company measures earnings per share based upon the lower of the Two-class method or the Treasury Stock method.

The following table sets forth Options outstanding pursuant to stock-based compensation plans for the fiscal years ended May 31:
 
2020
 
2019
Options outstanding pursuant to stock-based compensation plans (in millions)
3.0
 
2.9

As of May 31, 2020, $67.3 remains available for future purchases of common shares under the current repurchase authorization of the Board of Directors.

See Note 14, “Treasury Stock,” for a more complete description of the Company’s share buy-back program.