Earnings (Loss) Per Share

3 Months Ended

Aug. 31, 2020

Earnings Per Share [Abstract]

Earnings (Loss) per Share

NOTE N – Earnings (Loss) per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to controlling interest for the periods presented:

	Three Months Ended August 31,
(in thousands, except per share amounts)	2020		2019
Numerator (basic & diluted):
Net earnings (loss) attributable to controlling interest -
income (loss) available to common shareholders	$	616,675	$	(4,776	)
Denominator:
Denominator for basic earnings (loss) per share attributable to
controlling interest - weighted average common shares		54,070		55,241
Effect of dilutive securities		872		-
Denominator for diluted earnings (loss) per share attributable to
controlling interest - adjusted weighted average common shares	$	54,942	$	55,241
Basic earnings (loss) per share attributable to controlling interest	$	11.41	$	(0.09	)
Diluted earnings (loss) per share attributable to controlling interest	$	11.22	$	(0.09	)

Stock options covering an aggregate of 488,059 common shares have been excluded from the computation of diluted earnings per share for the three months ended August 31, 2020, because the effect would have been anti-dilutive. All potentially dilutive shares (stock options and restricted common shares covering an aggregate of 1,585,971 common shares) have been excluded from the computation of diluted loss per share for the three months ended August 31, 2019, because the effect would have been anti-dilutive due to the overall net loss for the period.