| Earnings Per Share |
EARNINGS PER SHARE
The following is a reconciliation from basic earnings per Common Share to diluted earnings per Common Share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended February 29 and 28, |
|
Nine Months Ended February 29 and 28, |
|
2016 |
|
2015 |
|
2016 |
|
2015 |
Net income (loss) |
$ |
(188,057 |
) |
|
$ |
(12,464 |
) |
|
$ |
(196,911 |
) |
|
$ |
(686 |
) |
Weighted average common shares outstanding, assuming conversion of proportionate voting shares - Basic |
45,566,680 |
|
|
44,699,821 |
|
|
45,558,534 |
|
|
43,559,710 |
|
Assumed conversion of dilutive stock options and awards |
— |
|
|
— |
|
|
— |
|
|
— |
|
Diluted weighted average common shares outstanding |
45,566,680 |
|
|
44,699,821 |
|
|
45,558,534 |
|
|
43,559,710 |
|
Basic earnings (loss) per common share |
$ |
(4.13 |
) |
|
$ |
(0.28 |
) |
|
$ |
(4.32 |
) |
|
$ |
(0.02 |
) |
Diluted earnings (loss) per common share |
$ |
(4.13 |
) |
|
$ |
(0.28 |
) |
|
$ |
(4.32 |
) |
|
$ |
(0.02 |
) |
|
|
|
|
|
|
|
|
Anti-dilutive stock options and awards excluded from diluted earnings (loss) per share calculation |
808,879 |
|
|
2,398,589 |
|
|
1,307,187 |
|
|
2,440,610 |
|
|