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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Nov. 30, 2021
Nov. 30, 2020
Income Statement [Abstract]        
Net Sales $ 1,639,538 $ 1,485,915 $ 3,289,959 $ 3,092,586
Cost of Sales 1,056,924 899,743 2,093,994 1,852,759
Gross Profit 582,614 586,172 1,195,965 1,239,827
Selling, General and Administrative Expenses 437,709 399,418 856,676 795,370
Restructuring Expense 2,977 4,918 3,988 9,151
Interest Expense 21,002 21,266 42,111 43,011
Investment (Income) Expense, Net 2,816 (9,519) (2,934) (22,281)
(Gain) on Sales of Assets, Net (42,124)   (42,242) 0
Other (Income) Expense, Net (2,920) 3,133 (6,259) 6,251
Income Before Income Taxes 163,154 166,956 344,625 408,325
Provision for Income Taxes 38,038 39,072 84,714 99,655
Net Income 125,116 127,884 259,911 308,670
Less: Net Income Attributable to Noncontrolling Interests 241 225 454 416
Net Income Attributable to RPM International Inc. Stockholders $ 124,875 $ 127,659 $ 259,457 $ 308,254
Average Number of Shares of Common Stock Outstanding:        
Basic 128,022 128,500 128,058 128,459
Diluted [1] 128,494 129,090 128,537 129,078
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:        
Basic $ 0.97 $ 0.98 $ 2.01 $ 2.38
Diluted $ 0.96 $ 0.98 $ 2.00 $ 2.37
[1] For the three and six months ended November 30, 2021, no restricted shares were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. For the three and six months ended November 30, 2020, restricted shares totaling 225,500 and 339,550 were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. In addition, stock appreciation rights (“SARs”) totaling 660,000 for both the three and six months ended November 30, 2021, and 360,000 for both the three and six months ended November 30, 2020, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive.