Earnings (Loss) Per Share (Tables)

9 Months Ended

Feb. 28, 2022

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				Nine months ended
	February 28,				February 28,
	2022		2021		2022		2021
Net income (loss) attributable to Class A and Common Stockholders	$	(15.3)	$	(13.9)	$	28.6	$	(18.6)
Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions)		34.6		34.3		34.6		34.3
Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions) *		—		—		1.0		—
Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions)		34.6		34.3		35.6		34.3
Earnings (loss) per share of Class A Stock and Common Stock:
Basic	$	(0.44)	$	(0.41)	$	0.83	$	(0.54)
Diluted	$	(0.44)	$	(0.41)	$	0.80	$	(0.54)

* The Company experienced a net loss for the three month period ended February 28, 2022 and the three and nine month periods ended February 28, 2021 and therefore did not report any dilutive share impact.

Schedule of stock option activity

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


	February 28, 2022	February 28, 2021
Options outstanding pursuant to stock-based compensation plans (in millions)	4.6	5.1