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Earnings (Loss) Per Share | 3 Months Ended
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Aug. 31, 2024
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, |
| 2024 | 2023 |  |
Net income (loss) attributable to Class A and Common Stockholders | $ | (62.5) |  |  | $ | (74.2) |  |  |  |  |  |  |  |
Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions) |  | 28.3 |  |  |  | 31.6 |  |  |  |  |  |  |  |
Dilutive effect of 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) |  | 28.3 |  |  |  | 31.6 |  |  |  |  |  |  |  |
Earnings (loss) per share of Class A Stock and Common Stock: |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | (2.21) |  |  | $ | (2.35) |  |  |  |  |  |  |  |
Diluted | $ | (2.21) |  |  | $ | (2.35) |  |  |  |  |  |  |  |
Anti-dilutive shares pursuant to stock-based compensation plans |  | 1.7 |  |  |  | 0.7 |  |  |  |  |  |  |  |
* 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, 2024 |  | August 31, 2023
Options outstanding pursuant to stock-based compensation plans (in millions) | 2.9 |  | 3.0
As of August 31, 2024, $81.6 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.

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