Note M – Earnings
Per Share
The following table sets forth the computation of basic and
diluted earnings per share for the years ended
May 31:
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| (in thousands, except
per share amounts) |
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2015 |
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2014 |
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2013 |
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Numerator (basic &
diluted):
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Net earnings attributable
to controlling interest – income available to common
shareholders
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$ |
76,785 |
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$ |
151,300 |
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$ |
136,442 |
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Denominator:
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Denominator for basic
earnings per share attributable to controlling interest –
weighted average common shares
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66,309 |
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|
68,944 |
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|
69,301 |
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Effect of dilutive
securities
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2,174 |
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|
2,720 |
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|
2,013 |
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Denominator for diluted
earnings per share attributable to controlling interest –
adjusted weighted average common shares
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68,483 |
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71,664 |
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|
71,314 |
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Basic earnings per share
attributable to controlling interest
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$ |
1.16 |
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$ |
2.19 |
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$ |
1.97 |
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Diluted earnings per share
attributable to controlling interest
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1.12 |
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|
2.11 |
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1.91 |
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Stock options covering 97,798, 7,945, and 257,667 common shares
for fiscal 2015, fiscal 2014 and fiscal 2013, respectively, have
been excluded from the computation of diluted earnings per share
because the effect would have been anti-dilutive for those periods
because the exercise price of the stock options was greater than
the average market price of the common shares during the
period.
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