EARNINGS PER SHARE

12 Months Ended

May 31, 2011

Earnings Per Share Reconciliation Abstract

Earnings Per Share Text Block

NOTE J — EARNINGS PER SHARE

The following table sets forth the reconciliation of the numerator and denominator of basic and diluted earnings per share, as calculated using the two-class method, for the year ended May 31, 2011, 2010 and 2009:

Year Ended May 31,		2011		2010		2009
(In thousands, except per share amounts)
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	189,058	$	180,037	$	119,616
Less: Allocation of earnings and dividends to participating
securities		(3,067)		(2,180)		(1,664)
Net income available to common shareholders - basic		185,991		177,857		117,952
Add: Undistributed earnings reallocated to unvested shareholders		7		6		2
Add: Income effect of contingently issuable shares						280
Net income available to common shareholders - diluted	$	185,998	$	177,863	$	118,234
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		127,403		127,047		126,373
Average diluted options		663		684		474
Net issuable common share equivalents						842
Total shares for diluted earnings per share		128,066		127,731		127,689
Earnings Per Share of Common Stock Attributable to
RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock	$	1.46	$	1.40	$	0.93
Diluted Earnings Per Share of Common Stock	$	1.45	$	1.39	$	0.93

For the years ended May 31, 2011, 2010 and 2009, approximately 2,157,000, 1,905,000, and 1,652,000 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.