Earnings (Loss) Per Share (Tables)

12 Months Ended

May 31, 2026

Schedule of basic and diluted earnings per share

The following table summarizes the reconciliation of the numerators and denominators for the Basic and Diluted earnings (loss) per share computation for the fiscal years ended May 31:


	2026		2025		2024



Net income (loss) attributable to Class A and Common Shares	$	56.7	$	(1.9)	$	12.1
Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions)		23.7		27.6		29.6
Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions)*		0.5		—		0.8
Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions)		24.2		27.6		30.4

Earnings (loss) per share of Class A Stock and Common Stock
Basic earnings (loss) per share	$	2.39	$	(0.07)	$	0.41
Diluted earnings (loss) per share	$	2.34	$	(0.07)	$	0.40

Anti-dilutive shares pursuant to stock-based compensation plans		1.4		0.4		0.9

* The Company experienced a net loss for the fiscal year ended May 31, 2025 and therefore did not report any dilutive share impact. The following potential common shares were excluded from the loss per diluted share computation: outstanding options and restricted stock units of $2.7 and $0.5, respectively.

Schedule of Options Outstanding

The following table sets forth Options outstanding pursuant to stock-based compensation plans for the fiscal years ended May 31:


	2026	2025
Options outstanding pursuant to stock-based compensation plans (in millions)	1.8	2.7