Earnings (Loss) Per Share (Tables)

6 Months Ended

Nov. 30, 2020

Schedule of basic and diluted earnings 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 periods indicated:


	Three months ended				Six months ended
	November 30,				November 30,
	2020		2019		2020		2019
Net income (loss) attributable to Class A and Common Stockholders	$	35.1	$	70.9	$	(4.7)	$	12.5
Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions)		34.3		34.8		34.3		34.8
Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions) *		0.1		0.3		*		0.4
Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions)		34.4		35.1		34.3		35.2
Earnings (loss) per share of Class A Stock and Common Stock:
Basic	$	1.02	$	2.04	$	(0.14)	$	0.36
Diluted	$	1.02	$	2.02	$	(0.14)	$	0.35

* The Company experienced a net loss for the six month period ended November 30, 2020 and therefore did not report any dilutive share impact.

Net income (loss) attributable to Class A and Common Stockholders excludes earnings of less than $0.1 and $0.1 for the three month periods ended November 30, 2020 and November 30, 2019, respectively, and less than $0.1 for the six month period ended November 30, 2019, for earnings attributable to participating restricted stock units. The Company experienced a loss for the six month period ended November 30, 2020 and therefore did not allocate any loss to the participating restricted stock units.

Schedule of stock option activity

The following table sets forth options outstanding pursuant to stock-based compensation plans as of the dates indicated:


	November 30, 2020	November 30, 2019
Options outstanding pursuant to stock-based compensation plans (in millions)	5.2	3.0