Earnings Per Share

9 Months Ended

Feb. 28, 2013

Earnings Per Share

NOTE 14 — EARNINGS PER SHARE

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 28, 2013 and February 29, 2012. For the three month periods ended February 28, 2013 and February 29, 2012, 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.

	Three Months Ended					Nine Months Ended
(In thousands, except per share amounts)	February 28, 2013			February 29, 2012		February 28, 2013			February 29, 2012
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	(42,356	)	$	6,625	$	33,225		$	133,367
Less: Allocation of earnings and dividends to participating securities		—			—		(510	)		(2,441	)
Net income available to common shareholders — basic		(42,356	)		6,625		32,715			130,926
Add: Undistributed earnings reallocated to unvested shareholders		—			—		(8	)		4
Net income available to common shareholders — diluted	$	(42,356	)	$	6,625	$	32,707		$	130,930
Denominator for basic and diluted earnings per share:
Basic weighted average common shares (1)		129,013			128,121		128,900			128,072
Average diluted options		—			2,256		822			555
Net issuable common share equivalents
Total shares for diluted earnings per share (2)		129,013			130,377		129,722			128,627
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock	$	(0.33	)	$	0.05	$	0.25		$	1.02
Diluted Earnings Per Share of Common Stock	$	(0.33	)	$	0.05	$	0.25		$	1.02

(1) For the three month period ended February 28, 2013, basic weighted-average shares outstanding are used in calculating diluted earnings per share as a result of the reported loss for the period. For the three month period ended February 29, 2012, approximately 2,811,000 shares of stock granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

(2) For the nine month periods ended February 28, 2013 and February 29, 2012, approximately 3,063,000 shares and 2,618,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS for those periods, as the effect would have been anti-dilutive.