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Equity (Tables)
9 Months Ended
Feb. 28, 2013
Components of Total Equity and Comprehensive Income

The following tables illustrate the components of total equity and comprehensive income for the three months ended February 28, 2013 and February 29, 2012:

 

(In thousands)

   Total RPM
International
Inc. Equity
    Noncontrolling
Interest
    Total Equity  

Total equity at November 30, 2012

   $ 1,242,952     $ 149,590     $ 1,392,542  

Net income

     (42,356 )      164       (42,192 ) 

Other Comprehensive Income:

      

Foreign currency translation adjustments

     (19,401 )      (537 )      (19,938 ) 

Pension and other postretirement benefit liability adjustments, net of tax

     4,736       542       5,278  

Unrealized gain (loss) on securities, net of tax

     (1,626 )      914       (712 ) 

Unrealized (loss) on derivatives, net of tax

     238       90       328  
  

 

 

   

 

 

   

 

 

 

Total Other Comprehensive Income, net of tax

     (16,053 )      1,009       (15,044 ) 
  

 

 

   

 

 

   

 

 

 

Comprehensive Income

     (58,409 )      1,173       (57,236 ) 

Dividends paid

     (29,778 )        (29,778 ) 

Other noncontrolling interest activity

     (152 )        (152 ) 

Shares repurchased

     (1,235 )        (1,235 ) 

Stock option exercises, net

     1,384         1,384  

Stock based compensation expense

     583         583  

Restricted awards, net

     3,637         3,637  
  

 

 

   

 

 

   

 

 

 

Total Equity at February 28, 2013

   $ 1,158,982     $ 150,763     $ 1,309,745  
  

 

 

   

 

 

   

 

 

 

 

(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  
  

 

 

   

 

 

   

 

 

 

 

The following table illustrates the components of total equity and comprehensive income for the nine months ended February 28, 2013 and February 29, 2012:

 

(In thousands)

   Total RPM
International
Inc. Equity
    Noncontrolling
Interest
    Total Equity  

Total equity at May 31, 2012

   $ 1,183,656     $ 130,327     $ 1,313,983  

Net income

     33,225        8,537       41,762   

Other Comprehensive Income:

      

Foreign currency translation adjustments

     5,604       11,652       17,256  

Pension and other postretirement benefit liability adjustments, net of tax

     9,512       350       9,862  

Unrealized gain (loss) on securities, net of tax

     1,064       (52 )      1,012  

Unrealized (loss) on derivatives, net of tax

     (178 )      (51 )      (229 ) 
  

 

 

   

 

 

   

 

 

 

Total Other Comprehensive Income, net of tax

     16,002       11,899       27,901  
  

 

 

   

 

 

   

 

 

 

Comprehensive Income

     49,227        20,436       69,663   

Dividends paid

     (87,832 )        (87,832 ) 

Other noncontrolling interest activity

     157          157   

Shares repurchased

     (2,329 )        (2,329 ) 

Stock option exercises, net

     3,749         3,749  

Stock based compensation expense

     1,794         1,794  

Restricted awards, net

     10,560         10,560  
  

 

 

   

 

 

   

 

 

 

Total Equity at February 28, 2013

   $ 1,158,982     $ 150,763     $ 1,309,745  
  

 

 

   

 

 

   

 

 

 

 

(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 noncontrolling interest activity

     (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