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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Feb. 28, 2022
Feb. 28, 2021
Income Statement [Abstract]        
Net Sales $ 1,433,879 $ 1,269,395 $ 4,723,838 $ 4,361,981
Cost of Sales 935,293 797,454 3,029,287 2,650,213
Gross Profit 498,586 471,941 1,694,551 1,711,768
Selling, General and Administrative Expenses 433,569 402,186 1,290,245 1,197,556
Restructuring Expense 1,140 3,129 5,128 12,280
Interest Expense 22,016 20,964 64,127 63,975
Investment (Income) Expense, Net 4,355 (11,454) 1,421 (33,735)
(Gain) on Sales of Assets, Net (249)   (42,491) 0
Other (Income) Expense, Net (2,742) 1,256 (9,001) 7,507
Income Before Income Taxes 40,497 55,860 385,122 464,185
Provision for Income Taxes 7,248 17,394 91,962 117,049
Net Income 33,249 38,466 293,160 347,136
Less: Net Income Attributable to Noncontrolling Interests 230 224 684 640
Net Income Attributable to RPM International Inc. Stockholders $ 33,019 $ 38,242 $ 292,476 $ 346,496
Average Number of Shares of Common Stock Outstanding:        
Basic 127,943 128,447 128,013 128,455
Diluted [1] 129,702 129,949 129,622 129,052
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:        
Basic $ 0.26 $ 0.30 $ 2.27 $ 2.68
Diluted $ 0.25 $ 0.29 $ 2.26 $ 2.66
[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.