Basic net earnings per share is computed by dividing net earnings available for basic common shares by the weighted average number of shares of common stock outstanding. Diluted net earnings per share is computed by dividing net earnings available for diluted common shares by the sum of weighted average number of shares of common stock outstanding and dilutive potential common stock. Diluted net earnings per share is calculated using the “if-converted” treasury stock method.


	Three Months Ended
	May 31
(In thousands except per share data)	2026		2025
Net earnings	$	185,627	$	210,381

Weighted average common shares outstanding	141,847		152,137
Dilutive potential common shares:
Stock options	—		27
Stock-settled stock units and awards	301		443
Weighted average common shares and dilutive potential common shares	142,148		152,607

Basic net earnings per share	$	1.31	$	1.38
Diluted net earnings per share	$	1.31	$	1.38

Certain options to purchase shares of common stock were outstanding and not included in the calculation of diluted net earnings per share because their inclusion would have been antidilutive. On a weighted average basis, for the three months ended May 31, 2026 and 2025, options to purchase 8,131,638 shares and 7,180,325 shares of common stock, respectively, were not included.