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Equity
3 Months Ended
Aug. 31, 2013
Equity

NOTE 17 — EQUITY

The following tables illustrate the components of total equity and comprehensive income for the three months ended August 31, 2013 and 2012:

 

(In thousands)

   Total RPM
International
Inc. Equity
    Noncontrolling
Interest
    Total Equity  

Total equity at May 31, 2013

   $ 1,200,858     $ 154,075     $ 1,354,933  

Net income

     103,098       3,791       106,889  

Other Comprehensive Income:

      

Foreign currency translation adjustments

     (17,071     3,657       (13,414

Pension and other postretirement benefit liability adjustments, net of tax

     2,761       163       2,924  

Unrealized (loss) on securities, net of tax

     (1,432     (7     (1,439

Unrealized gain on derivatives, net of tax

     86       23       109  
  

 

 

   

 

 

   

 

 

 

Total Other Comprehensive Income, net of tax

     (15,656     3,836       (11,820
  

 

 

   

 

 

   

 

 

 

Comprehensive Income

     87,442       7,627       95,069  

Dividends paid

     (29,836       (29,836

Other noncontrolling interest activity

     (341     341       —    

Stock option exercises, net

     2,401         2,401  

Stock based compensation expense

     709         709  

Restricted awards, net

     451         451  
  

 

 

   

 

 

   

 

 

 

Total Equity at August 31, 2013

   $ 1,261,684     $ 162,043     $ 1,423,727  
  

 

 

   

 

 

   

 

 

 

 

(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

     33,913       3,954       37,867  

Other Comprehensive Income:

      

Foreign currency translation adjustments

     28,664       10,566       39,230  

Pension and other postretirement benefit liability adjustments, net of tax

     1,534       (328     1,206  

Unrealized gain (loss) on securities, net of tax

     825       (1,177     (352

Unrealized gain on derivatives, net of tax

     169       18       187  
  

 

 

   

 

 

   

 

 

 

Total Other Comprehensive Income, net of tax

     31,192       9,079       40,271  
  

 

 

   

 

 

   

 

 

 

Comprehensive Income

     65,105       13,033       78,138  

Dividends paid

     (28,281       (28,281

Other noncontrolling interest activity

     1,284       —         1,284  

Stock option exercises, net

     603         603  

Stock based compensation expense

     588         588  

Restricted awards, net

     3,285         3,285  
  

 

 

   

 

 

   

 

 

 

Total Equity at August 31, 2012

   $ 1,226,240     $ 143,360     $ 1,369,600