Earnings Per Share (Tables)

6 Months Ended

Nov. 30, 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- and six-month periods ended November 30, 2023 and 2022.

	Three Months Ended						Six Months Ended
	November 30,			November 30,			November 30,			November 30,
(In thousands, except per share amounts)	2023			2022			2023			2022
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	145,505		$	131,344		$	346,587		$	300,357
Less: Allocation of earnings and dividends to participating securities		(707	)		(676	)		(1,597	)		(1,466	)
Net income available to common shareholders - basic		144,798			130,668			344,990			298,891
Reverse: Allocation of earnings and dividends to participating securities		-			676			-			1,466
Add: Undistributed earnings reallocated to unvested shareholders		2			-			4			-
Net income available to common shareholders - diluted	$	144,800		$	131,344		$	344,994		$	300,357
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		127,758			127,585			127,816			127,600
Average diluted options and awards		491			1,326			496			1,287
Total shares for diluted earnings per share (1)		128,249			128,911			128,312			128,887
Earnings Per Share of Common Stock Attributable to
RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock	$	1.13		$	1.02		$	2.70		$	2.34
Method used to calculate basic earnings per share	Two-class			Two-class			Two-class			Two-class
Diluted Earnings Per Share of Common Stock	$	1.13		$	1.02		$	2.69		$	2.33
Method used to calculate diluted earnings per share	Two-class			Treasury			Two-class			Treasury

(1) For the three and six months ended November 30, 2023, approximately 360,000 and 280,000 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 six months ended November 30, 2022, approximately 700,000 and 720,000 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.