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Earnings Per Share (Tables)

6 Months Ended

Nov. 30, 2022

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 six-month periods ended November 30, 2022 and 2021.


	Three Months Ended						Six Months Ended
	November 30,			November 30,			November 30,			November 30,
(In thousands, except per share amounts)	2022			2021			2022			2021
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	131,344		$	124,875		$	300,357		$	259,457
Less: Allocation of earnings and dividends to participating securities		(676	)		(1,103	)		(1,466	)		(2,198	)
Net income available to common shareholders - basic		130,668			123,772			298,891			257,259
Add: Undistributed earnings reallocated to unvested shareholders		-			2			-			6
Reverse: Allocation of earnings and dividends to participating securities		676			-			1,466			-
Net income available to common shareholders - diluted	$	131,344		$	123,774		$	300,357		$	257,265
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		127,585			128,022			127,600			128,058
Average diluted options and awards		1,326			472			1,287			479
Total shares for diluted earnings per share (1)		128,911			128,494			128,887			128,537
Earnings Per Share of Common Stock Attributable to
RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock	$	1.02		$	0.97		$	2.34		$	2.01
Method used to calculate basic earnings per share	Two-class			Two-class			Two-class			Two-class
Diluted Earnings Per Share of Common Stock	$	1.02		$	0.96		$	2.33		$	2.00
Method used to calculate diluted earnings per share	Treasury			Two-class			Treasury			Two-class

(1) For the three months ended November 30, 2022 and 2021, approximately 700,000 and 660,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the six months ended November 30, 2022 and 2021, approximately 720,000 and 660,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.