EX-11.1 2 l19522aexv11w1.htm EX-11.1 CONSOLIDATED STATEMENTS OF COMPUTATIONS OF EARNINGS EX-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)
                                 
    Nine Months Ended     Three Months Ended  
    February 28,     February 28,  
    2006     2005     2006     2005  
Shares Outstanding
                                
For computation of basic earnings per share of common stock
                                
 
                                
Weighted average shares
     116,710       116,700       116,881       117,284  
 
                        
 
                                
Total shares for basic earnings per share
     116,710       116,700       116,881       117,284  
 
                                
For computation of diluted earnings per share of common stock
                                
 
                                
Net issuable common share equivalents (1)
    2,789       1,472                  
 
                                
Additional shares issuable assuming conversion of convertible securities (1)
    8,034       8,034                  
 
                        
 
                                
Total shares for diluted earnings per share
     127,533       126,206       116,881       117,284  
 
                        
 
                                
Net Income
                                
Net income (loss) applicable to shares of common stock for basic earnings per share
   $ 65,801     $ 58,826     $ (2,687 )   $ (4,772 )
 
                                
Add: Income effect of contingently issuable shares
     2,799       2,380                  
 
                        
 
                                
Net income (loss) applicable to shares of common stock for diluted earnings per share
   $ 68,600     $ 61,206     $ (2,687 )   $ (4,772 )
 
                        
 
                                
Basic Earnings (Loss) Per Share
   $ 0.56     $ 0.50     $ (0.02 )   $ (0.04 )
 
                        
 
                                
Diluted Earnings (Loss) Per Share
   $ 0.54     $ 0.48     $ (0.02 )   $ (0.04 )
 
                        
 
(1)  Conversion of the net issuable common share equivalents and the shares related to convertible securities for the three-month periods ended February 28, 2006 and 2005 were not assumed, since the results would have been antidilutive.
The accompanying notes to consolidated financial statements are an integral part of these statements.