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Earnings per Share
 12 Months Ended
May 31, 2019
Earnings Per Share [Abstract]  
Earnings per Share

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.