EX-11.1 7 ex11-1.txt EXHIBIT 11.1 1 RPM, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPUTATIONS OF EARNINGS PER COMMON SHARE AND COMMON SHARE EQUIVALENTS EXHIBIT 11.1 (In thousands except per share amounts)
Year Ended May 31 -------------------------------------------------------- 2000 1999 1998 --------------- --------------- --------------- NET INCOME Net income applicable to common shares for basic earnings per share $ 40,992 $ 94,546 $ 87,837 Add back interest net of tax on convertible securities assumed to be converted 1,005 5,638 --------------- --------------- --------------- Net income applicable to common shares for diluted earnings $ 40,992 $ 95,551 $ 93,475 =============== =============== =============== SHARES OUTSTANDING Weighted average shares for basic earnings per share 107,221 108,731 98,527 Net issuable common share equivalents 163 567 944 Additional shares issuable assuming conversion of convertible securities 2,078 12,192 --------------- --------------- --------------- Total shares for diluted earnings per share 107,384 111,376 111,663 =============== =============== =============== Basic Earnings Per Common Share $.38 $.87 $.89 ==== ==== ==== Diluted Earnings Per Common Share $.38 $.86 $.84 ==== ==== ====