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Earnings (Loss) Per Share | 6 Months Ended
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Nov. 30, 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 | Six months ended
| November 30, | November 30,
| 2024 | 2023 | 2024 | 2023
Net income (loss) attributable to Class A and Common Stockholders | $ | 48.8 |  |  | $ | 76.9 |  |  | $ | (13.7) |  |  | $ | 2.7 |
Weighted average Shares of Class A Stock and Common Stock outstanding for basic earnings (loss) per share (in millions) |  | 28.2 |  |  |  | 30.7 |  |  |  | 28.3 |  |  | 31.2 |
Dilutive effect of Common Stock potentially issuable pursuant to stock-based compensation plans (in millions)* |  | 0.4 |  |  |  | 0.7 |  |  |  | — |  |  |  | 0.8 |  |
Adjusted weighted average Shares of Class A Stock and Common Stock outstanding for diluted earnings (loss) per share (in millions) |  | 28.6 |  |  |  | 31.4 |  |  |  | 28.3 |  |  | 32.0 |
Earnings (loss) per share of Class A Stock and Common Stock: |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 1.73 |  |  | $ | 2.51 |  |  | $ | (0.48) |  |  | $ | 0.09 |
Diluted | $ | 1.71 |  |  | $ | 2.45 |  |  | $ | (0.48) |  |  | $ | 0.09 |
Anti-dilutive shares pursuant to stock-based compensation plans* |  | 1.8 |  |  |  | 1.1 |  |  |  | — |  |  |  | 0.7 |  |
* The Company experienced a net loss for the six months ended November 30, 2024 and therefore did not report any dilutive share impact. The following potential common shares were excluded from the loss per diluted share computation: outstanding options and restricted stock units of 2.8 million and 0.4 million, respectively. The following table sets forth options outstanding pursuant to stock-based compensation plans as of the dates indicated:
| November 30, 2024 |  | November 30, 2023
Options outstanding pursuant to stock-based compensation plans (in millions) | 2.8 |  | 3.1
As of November 30, 2024, $76.6 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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