v3.26.1
Net Loss Per Share
12 Months Ended
May 31, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share

3. Net Loss Per Share

Basic net loss per share is based on the weighted average number of common shares outstanding during each year. Diluted net loss per share is computed using the treasury stock method by dividing net loss by the weighted average number of shares of common stock outstanding. The following table presents the net loss per share calculations:

 

 

Year Ended May 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Numerator for basic and diluted net loss per share — Net Loss

 

$

(7.9

)

 

$

(1,092.0

)

 

$

(9.4

)

Denominator for basic net loss per share — Weighted average shares

 

 

217.5

 

 

 

216.9

 

 

 

216.5

 

Effect of dilutive stock options and restricted stock units

 

 

 

 

 

 

 

 

 

Denominator for diluted net loss per share

 

 

217.5

 

 

 

216.9

 

 

 

216.5

 

Net loss attributable per share

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.04

)

 

$

(5.03

)

 

$

(0.04

)

Diluted

 

$

(0.04

)

 

$

(5.03

)

 

$

(0.04

)

 

Certain outstanding options and restricted stock units ("RSUs") were excluded from the computation of diluted earnings per share because the effect would have been anti-dilutive. These potential dilutive common shares, which may be dilutive to future diluted earnings per share, are as follows:

 

 

 

Year Ended May 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Anti-dilutive options and RSUs excluded from EPS Computation (1)

 

 

1.0

 

 

 

0.1

 

 

 

0.3

 

 

(1) Due to the net loss in fiscal years 2026, 2025 and 2024, the dilutive stock options and RSUs were anti-dilutive.