Earnings per Share (Tables)

9 Months Ended

Feb. 29, 2012

Earnings per Share

Reconciliation of the computations of basic and diluted earnings per share information

	Three Months Ended					Nine Months Ended
	February 29/28,					February 29/28,
	2012			2011		2012			2011
Basic EPS:
Net income attributable to AAR and noncontrolling interest	$	20,835		$	17,918	$	55,016		$	48,406
Less income attributable to participating shares	(805		)	—		(2,072		)	—
Less income attributable to noncontrolling interest	(172		)	—		(172		)	—
Net income attributable to AAR available to common shareholders	$	19,858		$	17,918	$	52,772		$	48,406
Basic shares:
Weighted average common shares outstanding	38,650			38,361		38,753			38,341
Earnings per share — basic	$	0.51		$	0.47	$	1.36		$	1.26
Diluted EPS:
Net income attributable to AAR and noncontrolling interest	$	20,835		$	17,918	$	55,016		$	48,406
Less income attributable to participating shares	(738		)	—		(1,905		)	—
Less income attributable to noncontrolling interest	(172		)	—		(172		)	—
Add after-tax interest on convertible debt	1,508			1,415		4,453			4,178
Net income attributable to AAR available to common shareholders	$	21,433		$	19,333	$	57,392		$	52,584
Diluted shares:
Weighted average common shares outstanding	38,650			38,361		38,753			38,341
Additional shares from the assumed exercise of stock options	208			496		259			283
Additional shares from the assumed vesting of restricted stock	—			788		—			766
Additional shares from the assumed conversion of convertible debt	4,122			4,068		4,122			4,068
Weighted average common shares outstanding — diluted	42,980			43,713		43,134			43,458
Earnings per share — diluted	$	0.50		$	0.44	$	1.33		$	1.21