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Earnings per Share (Tables)
12 Months Ended
May 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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)

2020

 

 

2019

 

 

2018

 

Numerator (basic & diluted):

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to controlling interest - income available to

 

 

 

 

 

 

 

 

 

 

 

common shareholders

$

78,796

 

 

$

153,455

 

 

$

194,794

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share attributable to controlling

 

 

 

 

 

 

 

 

 

 

 

interest - weighted average common shares

 

54,958

 

 

 

57,196

 

 

 

60,923

 

Effect of dilutive securities

 

1,025

 

 

 

1,627

 

 

 

2,119

 

Denominator for diluted earnings per share attributable to controlling

 

 

 

 

 

 

 

 

 

 

 

interest - adjusted weighted average common shares

 

55,983

 

 

 

58,823

 

 

 

63,042

 

Basic earnings per share attributable to controlling interest

$

1.43

 

 

$

2.68

 

 

$

3.20

 

Diluted earnings per share attributable to controlling interest

$

1.41

 

 

$

2.61

 

 

$

3.09