| Earnings Per Share |
EARNINGS PER SHARE
The following is a reconciliation from basic earnings per common share to diluted earnings per common share:
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Three Months Ended November 30, |
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Six Months Ended November 30, |
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2015 |
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2014 |
|
2015 |
|
2014 |
Net income (loss) |
$ |
(4,503 |
) |
|
$ |
1,031 |
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|
$ |
(8,855 |
) |
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$ |
11,778 |
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Weighted average common shares outstanding, assuming conversion of proportionate voting shares - Basic |
45,556,790 |
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|
44,204,438 |
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|
45,554,483 |
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42,999,000 |
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Assumed conversion of dilutive stock options and awards |
— |
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2,455,290 |
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— |
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2,461,620 |
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Diluted weighted average common shares outstanding |
45,556,790 |
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46,659,728 |
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45,554,483 |
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45,460,620 |
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Basic earnings (loss) per common share |
$ |
(0.10 |
) |
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$ |
0.02 |
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$ |
(0.19 |
) |
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$ |
0.27 |
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Diluted earnings (loss) per common share |
$ |
(0.10 |
) |
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$ |
0.02 |
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$ |
(0.19 |
) |
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$ |
0.26 |
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Anti-dilutive stock options and awards excluded from diluted earnings (loss) per share calculation |
1,353,939 |
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64,306 |
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1,556,341 |
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83,645 |
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