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 nine months ended February 29, 2012 and 2011. For each of the quarters ended February 29, 2012 and February 28, 2011, the treasury stock method was utilized for the purpose of computing basic and diluted earnings per share, as the result under the two-class method would have been anti-dilutive.


	Quarter Ended February 29/28,				Nine Months Ended February 29/28,
(In thousands, except per share amounts)	2012		2011		2012			2011
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	6,625	$	1,097	$	133,367		$	118,884
Less: Allocation of earnings and dividends to participating securities		—		—		(2,441	)		(1,869	)

Net income available to common shareholders — basic		6,625		1,097		130,926			117,015
Add: Undistributed earnings reallocated to unvested shareholders		—		—		4			3

Net income available to common shareholders — diluted	$	6,625	$	1,097	$	130,930		$	117,018

Denominator for basic and diluted earnings per share:
Basic weighted average common shares		128,121		127,166		128,072			127,383
Average diluted options		2,256		2,276		555			637

Total shares for diluted earnings per share (1)		130,377		129,442		128,627			128,020

Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock	$	0.05	$	0.01	$	1.02		$	0.92

Diluted Earnings Per Share of Common Stock (1)	$	0.05	$	0.01	$	1.02		$	0.91

(1)	For the first nine months of fiscal 2012 and 2011, approximately 2,618,000 and 2,111,000 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.