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, 2014, 2013 and 2012:


Year Ended May 31,	2014			2013			2012
*(In thousands, except per share amounts)*
Numerator for earnings per share:

Net income attributable to RPM International Inc. stockholders	$	291,660		$	98,603		$	215,936
Less: Allocation of earnings and dividends to participating securities		(6,366	)		(1,999	)		(4,024	)

Net income available to common shareholders - basic		285,294			96,604			211,912
Add: Undistributed earnings reallocated to unvested shareholders		29			(3	)		9
Add: Income effect of contingently issuable shares		2,493						—

Net income available to common shareholders - diluted	$	287,816		$	96,601		$	211,921

Denominator for basic and diluted earnings per share:

Basic weighted average common shares		129,438			128,956			128,130
Average diluted options		1,003			845			587
Net issuable common share equivalents (1)		1,847						—


Total shares for diluted earnings per share		132,288		129,801		128,717

Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock	$	2.20	$	0.75	$	1.65

Diluted Earnings Per Share of Common Stock	$	2.18	$	0.74	$	1.65

(1)

For the year ended May 31, 2014, represents the number of shares that would be issued if our contingently convertible notes were converted. We include these shares in the calculation of diluted EPS as the conversion of the notes may be settled, at our election, in cash, shares of our common stock, or a combination of cash and shares of our common stock.