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:


	Three Months Ended August 31,
(in thousands, except per share amounts)	2017		2016
Numerator (basic & diluted):
Net earnings attributable to controlling interest -income available to common shareholders	$	45,534	$	65,567
Denominator:
Denominator for basic earnings per share attributable to controlling interest—weighted average common shares		62,444		61,885
Effect of dilutive securities		2,146		2,452

Denominator for diluted earnings per share attributable to controlling interest—adjusted weighted average common shares		64,590		64,337

Basic earnings per share attributable to controlling interest	$	0.73	$	1.06
Diluted earnings per share attributable to controlling interest	$	0.70	$	1.02

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.