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 three months ended August 31, 2011 and 2010.


	Three Months Ended August 31,
(In thousands, except per share amounts)	2011			2010
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	76,811		$	68,996
Less: Allocation of earnings and dividends to participating securities		(1,530	)		(903	)

Net income available to common shareholders — basic		75,281			68,093
Add: Undistributed earnings reallocated to unvested shareholders		4			2

Net income available to common shareholders — diluted	$	75,285		$	68,095

Denominator for basic and diluted earnings per share:
Basic weighted average common shares		128,094			127,787
Average diluted options		534			467

Total shares for diluted earnings per share		128,628			128,254

Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic	$	0.59		$	0.53

Diluted (1)	$	0.59		$	0.53

(1)	For the quarters ended August 31, 2011 and 2010, approximately 2,750,000 and 1,919,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted earnings per share, as the effect would have been anti-dilutive.