Earnings Per Share

12 Months Ended

May 31, 2013

Earnings Per Share

NOTE K—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 years ended May 31, 2013, 2012 and 2011:

Year Ended May 31,	2013			2012			2011
(In thousands, except per share amounts)
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	98,603		$	215,936		$	189,058
Less: Allocation of earnings and dividends to participating securities		(1,999	)		(4,024	)		(3,067	)
Net income available to common shareholders—basic		96,604			211,912			185,991
Add: Undistributed earnings reallocated to unvested shareholders		(3	)		9			7
Net income available to common shareholders—diluted	$	96,601		$	211,921		$	185,998
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		128,956			128,130			127,403
Average diluted options		845			587			663
Total shares for diluted earnings per share		129,801			128,717			128,066
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock	$	0.75		$	1.65		$	1.46
Diluted Earnings Per Share of Common Stock	$	0.74		$	1.65		$	1.45

For the years ended May 31, 2013, 2012 and 2011, approximately 3,095,000, 2,625,000 and 2,157,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.