Earnings (Loss) Per Share

3 Months Ended

Aug. 31, 2023

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,
	2023		2022
Net income (loss) attributable to Class A and Common Stockholders	$	(74.2)	$	(45.5)
Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions)		31.6		34.3
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)		31.6		34.3
Earnings (loss) per share of Class A Stock and Common Stock:
Basic	$	(2.35)	$	(1.33)
Diluted	$	(2.35)	$	(1.33)
Anti-dilutive shares pursuant to stock-based compensation plans		0.7		0.5

* 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, 2023	August 31, 2022
Options outstanding pursuant to stock-based compensation plans (in millions)	3.0	3.3

As of August 31, 2023, $85.7 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 12, Treasury Stock, for a more complete description of the Company’s share buy-back program.