XML 50 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Nov. 30, 2011
Nov. 30, 2010
Nov. 30, 2011
Nov. 30, 2010
Net Sales $ 916,085 $ 826,343 $ 1,902,003 $ 1,721,153
Cost of Sales 547,064 486,846 1,123,356 1,006,230
Gross Profit 369,021 339,497 778,647 714,923
Selling, General and Administrative Expenses 281,874 250,648 555,817 504,670
Interest Expense 17,909 16,468 35,715 32,510
Investment (Income), Net (1,045) (4,309) (1,069) (6,286)
Other (Income), Net (5,887) (578) (6,690) (1,179)
Income Before Income Taxes 76,170 77,268 194,874 185,208
Provision for Income Taxes 22,251 23,765 57,615 56,711
Net Income 53,919 53,503 137,259 128,497
Less: Net Income Attributable to Noncontrolling Interests 3,988 4,712 10,517 10,710
Net Income Attributable to RPM International Inc. Stockholders $ 49,931 $ 48,791 $ 126,742 $ 117,787
Average Number of Shares of Common Stock Outstanding:        
Basic 127,986 127,012 128,048 127,491
Diluted 128,432 [1],[2] 127,670 [1],[2] 128,537 [1],[2] 128,050 [1],[2]
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:        
Basic $ 0.38 $ 0.38 $ 0.97 $ 0.91
Diluted $ 0.38 [1],[2] $ 0.38 [1],[2] $ 0.97 [1],[2] $ 0.91 [1],[2]
Cash Dividends Declared per Share of Common Stock $ 0.215 $ 0.210 $ 0.425 $ 0.415
[1] For the quarters ended November 30, 2011 and 2010, approximately 2,722,000 and 2,197,000 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.
[2] For the six month periods ended November 30, 2011 and 2010, approximately 2,522,000 and 1,867,000 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.