NOTE 16 — EQUITY

The following tables illustrate the components of total equity and comprehensive income for the three months ended August 31, 2014 and 2013:


(In thousands)	Total RPM International Inc. Equity			Noncontrolling Interest			Total Equity
Total equity at May 31, 2014	$	1,382,844		$	195,750		$	1,578,594
Net income		99,079			5,760			104,839
Other Comprehensive Income:
Foreign currency translation adjustments		(17,738	)		(3,528	)		(21,266	)
Pension and other postretirement benefit liability adjustments, net of tax		2,760			169			2,929
Unrealized (loss) on securities, net of tax		83			(7	)		76
Unrealized gain on derivatives, net of tax		(52	)		(14	)		(66	)

Total Other Comprehensive Income, net of tax		(14,947	)		(3,380	)		(18,327	)

Comprehensive Income		84,132			2,380			86,512
Dividends paid		(31,987	)					(31,987	)
Other noncontrolling interest activity		(4	)		4			—
Stock option exercises, net		(4,451	)					(4,451	)
Stock based compensation expense		5,700						5,700

Total Equity at August 31, 2014	$	1,436,234		$	198,134		$	1,634,368


(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) gain 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