NOTE K – Earnings per Share
The following table sets forth the computation of
basic and diluted earnings per share attributable to controlling
interest for the three months ended August 31, 2017 and
2016:
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Three Months Ended
August 31, |
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share amounts) |
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2017 |
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2016 |
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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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$ |
45,534 |
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$ |
65,567 |
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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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62,444 |
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61,885 |
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Effect of dilutive securities
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2,146 |
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2,452 |
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Denominator for diluted earnings per share attributable to
controlling interest—adjusted weighted average common
shares
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64,590 |
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64,337 |
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Basic earnings per share attributable to controlling interest
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$ |
0.73 |
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$ |
1.06 |
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Diluted earnings per share attributable to controlling interest
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$ |
0.70 |
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$ |
1.02 |
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Stock options covering 161,429 common shares have
been excluded from the computation of diluted earnings per share
for the three months ended August 31, 2016 because the effect
of their inclusion would have been “anti-dilutive” for
that period.
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