EX-11.1 5 l16260aexv11w1.htm EX-11.1 COMPUTATION OF NET INCOME Exhibit 11.1
 

 

Exhibit 11.1
RPM INTERNATIONAL INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPUTATIONS OF EARNINGS
PER SHARE AND SHARE EQUIVALENTS
 (Unaudited)
(In thousands, except per share amounts)
                 
    Three Months Ended  
    August 31,  
    2005     2004  
Shares Outstanding
                
For computation of basic earnings per share of common stock
                
 
                
Weighted average shares
     116,542       116,163  
 
            
 
                
Total shares for basic earnings per share
     116,542       116,163  
 
                
For computation of diluted earnings per share of common stock
                
 
                
Net issuable common share equivalents
     2,686       916  
 
                
Additional shares issuable assuming conversion of convertible securities
     8,034       8,034  
 
            
 
                
Total shares for diluted earnings per share
     127,262       125,113  
 
            
 
                
Net Income
                
Net income applicable to shares of common stock for basic earnings per share
   $ 49,961     $ 54,486  
 
                
Add: Income effect of contingently issuable shares
     792       778  
 
            
 
                
Net income applicable to shares of common stock for diluted earnings per share
   $ 50,753     $ 55,264  
 
            
 
                
Basic Earnings Per Share
   $ 0.43     $ 0.47  
 
            
 
                
Diluted Earnings Per Share
   $ 0.40     $ 0.44  
 
            
The accompanying notes to consolidated financial statements are an integral part of these statements.