EQUITY

6 Months Ended

Nov. 30, 2011

EQUITY

NOTE 15 — EQUITY

The following tables illustrate the components of total equity and comprehensive income for the quarters ended November 30, 2011 and 2010:

(In thousands)	Total RPM International Inc. Equity			Noncontrolling Interest			Total Equity
Total equity at August 31, 2011	$	1,304,339		$	131,398		$	1,435,737
Net income		49,931			3,988			53,919
Other Comprehensive Income:
Foreign currency translation adjustments		(60,471	)		(3,842	)		(64,313	)
Pension and other postretirement benefit liability adjustments, net of tax		2,799			382			3,181
Unrealized gain (loss) on securities, net of tax		(9,323	)		1,604			(7,719	)
Unrealized gain on derivatives, net of tax		(2,196	)		(597	)		(2,793	)
Total Other Comprehensive Income, net of tax		(69,191	)		(2,453	)		(71,644	)
Comprehensive Income		(19,260	)		1,535			(17,725	)
Dividends paid		(28,196	)					(28,196	)
Other noncontrolling interest activity		(1,603	)					(1,603	)
Shares repurchased		(2,802	)					(2,802	)
Stock option exercises, net		1,975						1,975
Stock based compensation expense		3,567						3,567
Restricted awards, net		(2,926	)					(2,926	)
Total Equity at November 30, 2011	$	1,255,094		$	132,933		$	1,388,027

(In thousands)	Total RPM International Inc. Equity			Noncontrolling Interest			Total Equity
Total equity at August 31, 2010	$	1,141,637		$	95,242		$	1,236,879
Net income		48,791			4,712			53,503
Other Comprehensive Income:
Foreign currency translation adjustments		21,144			(1,098	)		20,046
Pension and other postretirement benefit liability adjustments, net of tax		1,644			(130	)		1,514
Unrealized gain (loss) on securities, net of tax		4,616			(2,076	)		2,540
Unrealized gain on derivatives, net of tax		783			213			996
Total Other Comprehensive Income, net of tax		28,187			(3,091	)		25,096
Comprehensive Income		76,978			1,621			78,599
Dividends paid		(27,282	)					(27,282	)
Other noncontrolling interest activity		2,076						2,076
Shares repurchased		(9,388	)					(9,388	)
Stock option exercises, net		2,184						2,184
Stock based compensation expense		540						540
Restricted awards, net		673						673
Total Equity at November 30, 2010	$	1,187,418		$	96,863		$	1,284,281

The following tables illustrate the components of total equity and comprehensive income for the six months ended November 30, 2011 and 2010:

(In thousands)	Total RPM International Inc. Equity			Noncontrolling Interest			Total Equity
Total equity at May 31, 2011	$	1,263,164		$	124,204		$	1,387,368
Net income		126,742			10,517			137,259
Other Comprehensive Income:
Foreign currency translation adjustments		(69,904	)		(3,513	)		(73,417	)
Pension and other postretirement benefit liability adjustments, net of tax		4,840			559			5,399
Unrealized gain (loss) on securities, net of tax		(12,966	)		1,994			(10,972	)
Unrealized gain on derivatives, net of tax		(3,044	)		(828	)		(3,872	)
Total Other Comprehensive Income, net of tax		(81,074	)		(1,788	)		(82,862	)
Comprehensive Income		45,668			8,729			54,397
Dividends paid		(55,620	)					(55,620	)
Other		(1,993	)					(1,993	)
Shares repurchased		(3,008	)					(3,008	)
Stock option exercises, net		3,181						3,181
Stock based compensation expense		6,692						6,692
Restricted awards, net		(2,990	)					(2,990	)
Total Equity at November 30, 2011	$	1,255,094		$	132,933		$	1,388,027

(In thousands)	Total RPM International Inc. Equity			Noncontrolling Interest			Total Equity
Total equity at May 31, 2010	$	1,079,473		$	81,768		$	1,161,241
Net income		117,787			10,710			128,497
Other Comprehensive Income:
Foreign currency translation adjustments		40,417			4,985			45,402
Pension and other postretirement benefit liability adjustments, net of tax		2,235			(85	)		2,150
Unrealized gain (loss) on securities, net of tax		9,571			(1,337	)		8,234
Unrealized gain on derivatives, net of tax		3,021			822			3,843
Total Other Comprehensive Income, net of tax		55,244			4,385			59,629
Comprehensive Income		173,031			15,095			188,126
Dividends paid		(53,911	)					(53,911	)
Other noncontrolling interest activity		1,088						1,088
Shares repurchased		(17,948	)					(17,948	)
Stock option exercises, net		2,614						2,614
Stock based compensation expense		6,027						6,027
Restricted awards, net		(2,956	)					(2,956	)
Total Equity at November 30, 2010	$	1,187,418		$	96,863		$	1,284,281