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Earnings Per Share
 6 Months Ended
Nov. 30, 2013
Earnings Per Share

NOTE 9 — 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 three and six month periods ended November 30, 2013 and 2012:

 

     Three Months Ended
November 30,		     Six Months Ended
November 30,		  
(In thousands, except per share amounts)    2013     2012     2013     2012  

Numerator for earnings per share:

         

Net income attributable to RPM International Inc. stockholders

    $ 63,562     $ 41,668     $ 166,660     $ 75,581  

Less: Allocation of earnings and dividends to participating securities

      (1,379 )      (929 )      (3,521 )      (1,526 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income available to common shareholders — basic

      62,183       40,739       163,139       74,055  

Add: Undistributed earnings reallocated to unvested shareholders

      6       2       17       2  
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income available to common shareholders — diluted

    $ 62,189     $ 40,741     $ 163,156     $ 74,057  
  

 

 

    

 

 

    

 

 

    

 

 

  

Denominator for basic and diluted earnings per share:

         

Basic weighted average common shares

      129,426       128,885       129,385       128,844  

Average diluted options

      992       815       974       791  

Net issuable common share equivalents

         
  

 

 

    

 

 

    

 

 

    

 

 

  

Total shares for diluted earnings per share (1), (2)

      130,418       129,700       130,359       129,635  
  

 

 

    

 

 

    

 

 

    

 

 

  

Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:

         

Basic Earnings Per Share of Common Stock

    $ 0.48     $ 0.32     $ 1.26     $ 0.57  
  

 

 

    

 

 

    

 

 

    

 

 

  

Diluted Earnings Per Share of Common Stock

    $ 0.48     $ 0.31     $ 1.25     $ 0.57  
  

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) For the quarters ended November 30, 2013 and 2012, respectively, approximately 3,078,000 shares and 3,151,000 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 six month periods ended November 30, 2013 and 2012, approximately 2,939,000 shares and 2,970,000 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.