EX-11.1 4 l17690aexv11w1.htm EX-11.1 COMPUTATION OF NET INCOME PER SHARE Exhibit 11.1
 

RPM INTERNATIONAL INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPUTATIONS OF EARNINGS
PER SHARE AND SHARE EQUIVALENTS
(Unaudited)
Exhibit 11.1
(In thousands, except per share amounts)
                                 
    Six Months Ended     Three Months Ended  
    November 30,     November 30,  
    2005     2004     2005     2004  
Shares Outstanding
                                
For computation of basic earnings per share of common stock
                                
Weighted average shares
     116,626       116,413       116,710       116,659  
 
                        
 
                                
Total shares for basic earnings per share
     116,626       116,413       116,710       116,659  
 
                                
For computation of diluted earnings per share of common stock
                                
 
                                
Net issuable common share equivalents
     2,740       1,272       2,798       1,625  
 
                                
Additional shares issuable assuming conversion of convertible securities
     8,034       8,034       8,034       8,034  
 
                        
 
                                
Total shares for diluted earnings per share
     127,400       125,719       127,542       126,318  
 
                        
 
                                
Net Income
                                
Net income applicable to shares of common stock for basic earnings per share
   $ 68,488     $ 63,598     $ 18,527     $ 9,112  
 
                                
Add: Income effect of contingently issuable shares
     1,866       1,578       1,074       800  
 
                        
 
                                
Net income applicable to shares of common stock for diluted earnings per share
   $ 70,354     $ 65,176     $ 19,601     $ 9,912  
 
                        
 
                                
Basic Earnings Per Share
   $ 0.59     $ 0.55     $ 0.16     $ 0.08  
 
                        
 
                                
Diluted Earnings Per Share
   $ 0.55     $ 0.52     $ 0.15     $ 0.08  
 
                        
    The accompanying notes to consolidated financial statements are an integral part of these statements.