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EQUITY
9 Months Ended
Feb. 29, 2012
EQUITY

NOTE 15 — EQUITY

The following tables illustrate the components of total equity and comprehensive income for the quarters ended February 29, 2012 and February 28, 2011:

 

(In thousands)

   Total RPM
International
Inc. Equity
    Noncontrolling
Interest
    Total Equity  

Total equity at November 30, 2011

   $ 1,255,094     $ 132,933     $ 1,388,027  

Net income

     6,625       1,299       7,924  

Other Comprehensive Income:

      

Foreign currency translation adjustments

     24,083       (1,826     22,257  

Pension and other postretirement benefit liability adjustments,
net of tax

     983       (112     871  

Unrealized gain (loss) on securities, net of tax

     3,592       (1,118     2,474  

Unrealized gain on derivatives, net of tax

     (623     (170     (793
  

 

 

   

 

 

   

 

 

 

Total Other Comprehensive Income, net of tax

     28,035       (3,226     24,809  
  

 

 

   

 

 

   

 

 

 

Comprehensive Income

     34,660       (1,927     32,733  

Dividends paid

     (28,251       (28,251

Other noncontrolling interest activity

     1,118         1,118  

Stock option exercises, net

     2,970         2,970  

Stock based compensation expense

     3,182         3,182  

Restricted awards, net

     (575       (575
  

 

 

   

 

 

   

 

 

 

Total Equity at February 29, 2012

   $ 1,268,198     $ 131,006     $ 1,399,204  
  

 

 

   

 

 

   

 

 

 

 

(In thousands)

   Total RPM
International
Inc. Equity
    Noncontrolling
Interest
    Total Equity  

Total equity at November 30, 2010

   $ 1,187,418     $ 96,863     $ 1,284,281  

Net income

     1,097       96       1,193  

Other Comprehensive Income:

      

Foreign currency translation adjustments

     44,038       (2,835     41,203  

Pension and other postretirement benefit liability adjustments,
net of tax

     54       (329     (275 )

Unrealized gain (loss) on securities, net of tax

     (4,718 )     1,337        (3,381 )

Unrealized gain on derivatives, net of tax

     51       14       65  
  

 

 

   

 

 

   

 

 

 

Total Other Comprehensive Income, net of tax

     39,425       (1,813     37,612  
  

 

 

   

 

 

   

 

 

 

Comprehensive Income

     40,522       (1,717 )     38,805  

Dividends paid

     (27,278       (27,278

Other noncontrolling interest activity

     3,068          3,068   

Stock option exercises, net

     5,440         5,440  

Stock based compensation expense

     531         531  

Restricted awards, net

     1,823         1,823  
  

 

 

   

 

 

   

 

 

 

Total Equity at February 28, 2011

   $ 1,211,524     $ 95,146     $ 1,306,670  
  

 

 

   

 

 

   

 

 

 

The following tables illustrate the components of total equity and comprehensive income for the nine months ended February 29, 2012 and February 28, 2011:

 

(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

     133,367       11,816       145,183  

Other Comprehensive Income:

      

Foreign currency translation adjustments

     (45,821     (5,339     (51,160

Pension and other postretirement benefit liability adjustments,
net of tax

     5,823       447       6,270  

Unrealized gain (loss) on securities, net of tax

     (9,374     876       (8,498

Unrealized gain on derivatives, net of tax

     (3,667     (998     (4,665
  

 

 

   

 

 

   

 

 

 

Total Other Comprehensive Income, net of tax

     (53,039     (5,014     (58,053
  

 

 

   

 

 

   

 

 

 

Comprehensive Income

     80,328       6,802       87,130  

Dividends paid

     (83,871       (83,871

Other

     (875       (875

Shares repurchased

     (3,008       (3,008

Stock option exercises, net

     6,151         6,151  

Stock based compensation expense

     9,874         9,874  

Restricted awards, net

     (3,565       (3,565
  

 

 

   

 

 

   

 

 

 

Total Equity at February 29, 2012

   $ 1,268,198     $ 131,006     $ 1,399,204  
  

 

 

   

 

 

   

 

 

 

 

(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

     118,884        10,806       129,690   

Other Comprehensive Income:

      

Foreign currency translation adjustments

     84,455        2,150        86,605  

Pension and other postretirement benefit liability adjustments,
net of tax

     2,289       (414     1,875   

Unrealized gain (loss) on securities, net of tax

     4,853               4,853   

Unrealized gain on derivatives, net of tax

     3,072       836       3,908  
  

 

 

   

 

 

   

 

 

 

Total Other Comprehensive Income, net of tax

     94,669        2,572        97,241   
  

 

 

   

 

 

   

 

 

 

Comprehensive Income

     213,553        13,378        226,931   

Dividends paid

     (81,189       (81,189

Other noncontrolling interest activity

     4,156          4,156   

Shares repurchased

     (17,948       (17,948

Stock option exercises, net

     8,052          8,052   

Stock based compensation expense

     1,543          1,543   

Restricted awards, net

     3,884          3,884   
  

 

 

   

 

 

   

 

 

 

Total Equity at February 28, 2011

   $ 1,211,524     $ 95,146      $ 1,306,670