Earnings Per Common Share

3 Months Ended

Aug. 31, 2026

Note 13 – Earnings per Common Share

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


	Three Months Ended
	August 31,			August 31,
(In millions, except per share amounts)	2026			2025
Numerator (basic & diluted):
Net earnings (loss) from continuing operations attributable to controlling interest	$	(7.0	)	$	36.8
Denominator:
Basic earnings (loss) weighted average common shares		50.0			49.6
Effect of dilutive securities		-			1.0
Diluted earnings (loss) adjusted weighted average common shares		50.0			50.6

Basic earnings (loss) per common share from continuing operations	$	(0.14	)	$	0.74
Diluted earnings (loss) per common share from continuing operations	$	(0.14	)	$	0.73

Anti-dilutive non-qualified stock options and restricted common share awards(1)		1.0			0.3

(1)

These non-qualified stock options and restricted common share awards were excluded from the calculation of diluted earnings per common share because their inclusion would have been anti-dilutive.

Earnings per common share was calculated based on the weighted-average number of common shares outstanding. Earnings per diluted common share included the weighted-average effect of dilutive restricted common shares and non-qualified stock options on the weighted-average shares outstanding.