|
Note N – Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the fiscal years ended May 31:
|
(in thousands, except per share amounts) |
2019 |
|
|
2018 |
|
|
2017 |
|
|
Numerator (basic & diluted): |
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings attributable to controlling interest - income available to |
|
|
|
|
|
|
|
|
|
|
|
|
common shareholders |
$ |
153,455 |
|
|
$ |
194,794 |
|
|
$ |
204,515 |
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for basic earnings per share attributable to controlling |
|
|
|
|
|
|
|
|
|
|
|
|
interest - weighted average common shares |
|
57,196 |
|
|
|
60,923 |
|
|
|
62,443 |
|
|
Effect of dilutive securities |
|
1,627 |
|
|
|
2,119 |
|
|
|
2,431 |
|
|
Denominator for diluted earnings per share attributable to controlling |
|
|
|
|
|
|
|
|
|
|
|
|
interest - adjusted weighted average common shares |
|
58,823 |
|
|
|
63,042 |
|
|
|
64,874 |
|
|
Basic earnings per share attributable to controlling interest |
$ |
2.68 |
|
|
$ |
3.20 |
|
|
$ |
3.28 |
|
|
Diluted earnings per share attributable to controlling interest |
$ |
2.61 |
|
|
$ |
3.09 |
|
|
$ |
3.15 |
|
Stock options covering 313,144, 188,504, and 100,048 common shares for fiscal 2019, fiscal 2018 and fiscal 2017, respectively, have been excluded from the computation of diluted earnings per share because the effect of their inclusion would have been anti-dilutive for those periods.
|