Earnings Per Share

12 Months Ended

May 31, 2016

Earnings Per Share

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:

(in thousands, except per share amounts)	2016		2015		2014
Numerator (basic & diluted):
Net earnings attributable to controlling interest – income available to common shareholders	$	143,715	$	76,785	$	151,300
Denominator:
Denominator for basic earnings per share attributable to controlling interest – weighted average common shares		62,469		66,309		68,944
Effect of dilutive securities		2,286		2,174		2,720
Denominator for diluted earnings per share attributable to controlling interest – adjusted weighted average common shares		64,755		68,483		71,664
Basic earnings per share attributable to controlling interest	$	2.30	$	1.16	$	2.19
Diluted earnings per share attributable to controlling interest		2.22		1.12		2.11

Stock options covering 326,585, 97,798, and 7,945 common shares for fiscal 2016, fiscal 2015 and fiscal 2014, respectively, have been excluded from the computation of diluted earnings per share because the effect would have been anti-dilutive for those periods.