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Earnings (Loss) Per Share | 3 Months Ended
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Aug. 31, 2020
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | EARNINGS (LOSS) 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 periods indicated:
| Three months ended |  |  |  |  |  |  |  |
| August 31, |  |  | August 31, |  |  |  |  |
| 2020 |  |  | 2019 |  |  |  |  |
Net income (loss) attributable to Class A and Common Stockholders | $ | (39.8) |  |  | $ | (58.5) |  |  |  |  |
Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions) |  | 34.3 |  |  |  | 34.9 |  |  |  |  |
Dilutive effect of Class A Stock and Common Stock potentially issuable pursuant to stock-based compensation plans (in millions) * |  | * |  |  | * |  |  |  |
Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions) |  | * |  |  | * |  |  |  |
Earnings (loss) per share of Class A Stock and Common Stock: |  |  |  |  |  |  |  |  |
Basic | $ | (1.16) |  |  | $ | (1.68) |  |  |  |  |
Diluted | $ | (1.16) |  |  | $ | (1.68) |  |  |  |  |
* The Company experienced a net loss for all periods presented and therefore did not report any dilutive share impact. The following table sets forth options outstanding pursuant to stock-based compensation plans as of the dates indicated:
| August 31, 2020 |  | August 31, 2019
Options outstanding pursuant to stock-based compensation plans (in millions) | 3.0 |  |  | 3.0 |
There were 3.0 million of potentially anti-dilutive shares pursuant to stock-based compensation plans as of August 31, 2020. A portion of the Company’s Restricted Stock Units ("RSUs") which are granted to employees participate in earnings through cumulative dividends which are payable and non-forfeitable to the employees upon vesting of the RSUs. Accordingly, the Company measures earnings per share based upon the lower of the Two-class method or the Treasury Stock method. For the three month periods ended August 31, 2020 and August 31, 2019, the Company experienced a Net loss and did not allocate any losses to the participating securities.As of August 31, 2020, $67.3 remained available for future purchases of common shares under the repurchase authorization of the Board of Directors (the "Board") in effect on that date. See Note 11, Treasury Stock, for a more complete description of the Company’s share buy-back program.

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