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Earnings Per Share
 6 Months Ended
Nov. 30, 2014
Earnings Per Share

NOTE 8 — 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, 2014 and 2013:

 

     Three Months Ended
November 30,		     Six Months Ended
November 30,		  
(In thousands, except per share amounts)    2014     2013     2014     2013  

Numerator for earnings per share:

         

Net income attributable to RPM International Inc. stockholders

    $ 69,766     $ 63,562     $ 168,845     $ 166,660  

Less: Allocation of earnings and dividends to participating securities

      (1,602 )      (1,379 )      (3,673 )      (3,521 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income available to common shareholders — basic

      68,164       62,183       165,172       163,139  

Add: Undistributed earnings reallocated to unvested shareholders

      6       6       18       17  

Add: Income effect of contingently issuable shares

      1,340         2,679    
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income available to common shareholders — diluted

    $ 69,510     $ 62,189     $ 167,869     $ 163,156  
  

 

 

    

 

 

    

 

 

    

 

 

  

Denominator for basic and diluted earnings per share:

         

Basic weighted average common shares

      130,028       129,426       130,061       129,385  

Average diluted options

      1,063       992       1,064       974  

Additional shares issuable assuming conversion of convertible securities

      3,875         3,875    
  

 

 

    

 

 

    

 

 

    

 

 

  

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

      134,966       130,418       135,000       130,359  
  

 

 

    

 

 

    

 

 

    

 

 

  

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

         

Basic Earnings Per Share of Common Stock

    $ 0.52     $ 0.48     $ 1.27     $ 1.26  
  

 

 

    

 

 

    

 

 

    

 

 

  

Diluted Earnings Per Share of Common Stock

    $ 0.52     $ 0.48     $ 1.24     $ 1.25  
  

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) For the three month periods ended November 30, 2014 and 2013, respectively, approximately 3.2 million shares and 3.1 million 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, 2014 and 2013, respectively, approximately 3.0 million shares and 2.9 million 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.