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Equity (Tables)
9 Months Ended
Feb. 28, 2014
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, 2014 and 2013:

 

(In thousands)    Total RPM
International
Inc. Equity
    Noncontrolling
Interest
    Total Equity  

Total equity at November 30, 2013

   $ 1,322,222     $ 171,638     $ 1,493,860  

Net income

     16,221       690       16,911  

Other Comprehensive Income:

      

Foreign currency translation adjustments

     (18,446     6,300       (12,146

Pension and other postretirement benefit liability adjustments, net of tax

     3,469       357       3,826  

Unrealized (loss) on securities, net of tax

     (2,312     (2     (2,314

Unrealized gain on derivatives, net of tax

     (380     (104     (484
  

 

 

   

 

 

   

 

 

 

Total Other Comprehensive Income, net of tax

     (17,669     6,551       (11,118
  

 

 

   

 

 

   

 

 

 

Comprehensive Income

     (1,448     7,241       5,793  

Dividends paid

     (31,967       (31,967

Other noncontrolling interest activity

     (832     832       —    

Shares repurchased

     (28       (28

Stock option exercises, net

     (1,640       (1,640

Stock based compensation expense

     682         682  

Restricted awards, net

     5,237         5,237  

Convertible bond, equity component, net of tax

     13,470         13,470  

Deferred financing costs, convertible bond

     (492       (492
  

 

 

   

 

 

   

 

 

 

Total Equity at February 28, 2014

   $ 1,305,204     $ 179,711     $ 1,484,915  
  

 

 

   

 

 

   

 

 

 

 

(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 (loss) income

     (42,356     164       (42,192

Other Comprehensive (Loss) 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 (loss) gain on securities, net of tax

     (1,626     914       (712

Unrealized gain on derivatives, net of tax

     238       90       328  
  

 

 

   

 

 

   

 

 

 

Total Other Comprehensive (Loss) 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  
  

 

 

   

 

 

   

 

 

 

The following table illustrates the components of total equity and comprehensive income for the nine months ended February 28, 2014 and 2013:

 

(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

     182,881       9,333       192,214  

Other Comprehensive Income:

      

Foreign currency translation adjustments

     (16,108     14,753       (1,355

Pension and other postretirement benefit liability adjustments, net of tax

     8,430       531       8,961  

Unrealized gain on securities, net of tax

     2,597       51       2,648  

Unrealized (loss) on derivatives, net of tax

     (1,076     (293     (1,369
  

 

 

   

 

 

   

 

 

 

Total Other Comprehensive (Loss) Income, net of tax

     (6,157     15,042       8,885  
  

 

 

   

 

 

   

 

 

 

Comprehensive Income

     176,724       24,375       201,099  

Dividends paid

     (93,763       (93,763

Other noncontrolling interest activity

     (1,261     1,261       —    

Shares repurchased

     (6,895       (6,895

Stock option exercises, net

     1,022         1,022  

Stock based compensation expense

     2,164         2,164  

Restricted awards, net

     13,377         13,377  

Convertible bond, equity component, net of tax

     13,470         13,470  

Deferred financing costs, convertible bond

     (492       (492
  

 

 

   

 

 

   

 

 

 

Total Equity at February 28, 2014

   $ 1,305,204     $ 179,711     $ 1,484,915  
  

 

 

   

 

 

   

 

 

 

 

(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