EARNINGS PER SHARE

3 Months Ended

Aug. 31, 2012

EARNINGS PER SHARE

NOTE 14 — 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 months ended August 31, 2012 and 2011:

	Three Months Ended August 31,
(In thousands, except per share amounts)	2012			2011
	(Restated)
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	26,665		$	76,811
Less: Allocation of earnings and dividends to participating securities		(479	)		(1,530	)
Net income available to common shareholders — basic		26,186			75,281
Add: Undistributed earnings reallocated to unvested shareholders		—			4
Net income available to common shareholders — diluted	$	26,186		$	75,285
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		128,805			128,094
Average diluted options		765			532
Total shares for diluted earnings per share		129,570			128,626
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic	$	0.20		$	0.59
Diluted (1)	$	0.20		$	0.59

(1) For the quarters ended August 31, 2012 and 2011, approximately 2,954,000 and 2,750,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted earnings per share, as the effect would have been anti-dilutive.