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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2023
Feb. 28, 2022
Income Statement [Abstract]        
Net Sales $ 1,516,176 $ 1,433,879 $ 5,240,204 $ 4,723,838
Cost of Sales 978,142 935,293 3,267,308 3,029,287
Gross Profit 538,034 498,586 1,972,896 1,694,551
Selling, General and Administrative Expenses 450,019 433,569 1,425,969 1,290,245
Restructuring Expense 4,154 1,140 6,780 5,128
Goodwill Impairment 36,745   36,745  
Interest Expense 30,756 22,016 85,385 64,127
Investment (Income) Expense, Net (2,723) 4,355 (5,910) 1,421
(Gain) on Sales of Assets and Business, Net (25,743) (249) (25,881) (42,491)
Other Expense (Income), Net 2,339 (2,742) 7,065 (9,001)
Income Before Income Taxes 42,487 40,497 442,743 385,122
Provision for Income Taxes 15,248 7,248 114,683 91,962
Net Income 27,239 33,249 328,060 293,160
Less: Net Income Attributable to Noncontrolling Interests 265 230 729 684
Net Income Attributable to RPM International Inc. Stockholders $ 26,974 $ 33,019 $ 327,331 $ 292,476
Average Number of Shares of Common Stock Outstanding:        
Basic 127,495 127,943 127,564 128,013
Diluted [1] 128,035 129,702 128,789 129,622
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:        
Basic $ 0.21 $ 0.26 $ 2.55 $ 2.27
Diluted $ 0.21 $ 0.25 $ 2.54 $ 2.26
[1] For the three and nine months ended February 28, 2023, approximately 680,000 shares of stock granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the three and nine months ended February 28, 2022, approximately 320,000 and 655,000 shares of stock granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.