Earnings Per Share (Tables)

3 Months Ended

Aug. 31, 2023

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 ("EPS") for the three-month periods ended August 31, 2023 and 2022.

	Three Months Ended
	August 31,			August 31,
(In thousands, except per share amounts)	2023			2022
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	201,082		$	169,013
Less: Allocation of earnings and dividends to participating securities		(872	)		(1,312	)
Net income available to common shareholders - basic		200,210			167,701
Reverse: Allocation of earnings and dividends to participating securities		872			-
Add: Undistributed earnings reallocated to unvested shareholders		-			4
Net income available to common shareholders - diluted	$	201,082		$	167,705
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		127,633			127,617
Average diluted options and awards		1,138			544
Total shares for diluted earnings per share (1)		128,771			128,161
Earnings Per Share of Common Stock Attributable to
RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock	$	1.57		$	1.31
Method used to calculate basic earnings per share	Two-class			Two-class
Diluted Earnings Per Share of Common Stock	$	1.56		$	1.31
Method used to calculate diluted earnings per share	Treasury			Two-class

(1) For the three months ended August 31, 2023 and 2022, approximately 1,037,000 and 715,000 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.