XML 62 R55.htm IDEA: XBRL DOCUMENT v3.24.4
Earnings Per Share - Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2024
Nov. 30, 2023
Numerator for earnings per share:        
Net Income (Loss) $ 183,204 $ 145,505 $ 410,896 $ 346,587
Less: Allocation of earnings and dividends to participating securities (739) (707) (1,615) (1,597)
Net income available to common shareholders - basic 182,465 144,798 409,281 344,990
Add: Undistributed earnings reallocated to unvested shareholders 3 2 7 4
Net income available to common shareholders - diluted $ 182,468 $ 144,800 $ 409,288 $ 344,994
Denominator for basic and diluted earnings per share:        
Basic weighted average common shares 127,658 127,758 127,675 127,816
Average diluted options and awards 686 491 717 496
Total shares for diluted earnings per share [1] 128,344 128,249 128,392 128,312
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:        
Basic Earnings Per Share of Common Stock $ 1.43 $ 1.13 $ 3.21 $ 2.70
Method used to calculate basic earnings per share Two-class Two-class Two-class Two-class
Diluted Earnings Per Share of Common Stock $ 1.42 $ 1.13 $ 3.19 $ 2.69
Method used to calculate diluted earnings per share Two-class Two-class Two-class Two-class
[1] The dilutive effect of performance-based restricted stock units is included when they have met minimum performance thresholds. The dilutive effect of SARs includes all outstanding awards except awards that are considered antidilutive. SARs are antidilutive when the exercise price exceeds the average market price of the Company’s common shares during the periods presented. For the three and six months ended November 30, 2024, approximately 300,000 and 230,000 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 three and six months ended November 30, 2023, approximately 360,000 and 280,000 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.