Earnings Per Share (Tables)

9 Months Ended

Feb. 28, 2022

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share

The following table sets forth the reconciliation of the numerator and denominator of basic and diluted earnings per share for the three- and nine-month periods ended February 28, 2022 and 2021.

	Three Months Ended						Nine Months Ended
	February 28,			February 28,			February 28,			February 28,
(In thousands, except per share amounts)	2022			2021			2022			2021
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	33,019		$	38,242		$	292,476		$	346,496
Less: Allocation of earnings and dividends to participating securities		(133	)		(185	)		(2,222	)		(2,740	)
Net income available to common shareholders - basic		32,886			38,057			290,254			343,756
Add: Undistributed earnings reallocated to unvested shareholders		-			-			-			9
Reverse: Allocation of earnings and dividends to participating securities		133			185			2,222			-
Net income available to common shareholders - diluted	$	33,019		$	38,242		$	292,476		$	343,765
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		127,943			128,447			128,013			128,455
Average diluted options and awards		1,759			1,502			1,609			597
Total shares for diluted earnings per share (1)		129,702			129,949			129,622			129,052
Earnings Per Share of Common Stock Attributable to
RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock	$	0.26		$	0.30		$	2.27		$	2.68
Method used to calculate basic earnings per share	Two-class			Two-class			Two-class			Two-class
Diluted Earnings Per Share of Common Stock	$	0.25		$	0.29		$	2.26		$	2.66
Method used to calculate diluted earnings per share	Treasury			Treasury			Treasury			Two-class

(1) For the three and nine months ended February 28, 2022, 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 nine months ended February 28, 2021, restricted shares totaling 225,500 and 231,450 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 320,000 and 655,000 for the three and nine months ended February 28, 2022, and 360,000 for both the three and nine months ended February 28, 2021, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive.