NOTE 14 — EQUITY

The following tables illustrate the components of total equity and comprehensive income for the three months ended February 29, 2016 and February 28, 2015:

(In thousands)	Total RPM International Inc. Equity			Noncontrolling Interest			Total Equity
Total equity at November 30, 2015	$	1,290,261		$	1,963		$	1,292,224
Net income		18,582			711			19,293
Other Comprehensive Income:
Foreign currency translation adjustments		(16,214	)					(16,214	)
Pension and other postretirement benefit liability adjustments, net of tax		3,264						3,264
Unrealized (loss) on securities, net of tax		(7,334	)					(7,334	)
Total Other Comprehensive Income, net of tax		(20,284	)		-			(20,284	)
Comprehensive Income		(1,702	)		711			(991	)
Dividends paid		(36,530	)					(36,530	)
Other noncontrolling interest activity					(186	)		(186	)
Shares repurchased and returned for taxes		(21,473	)					(21,473	)
Stock based compensation expense		7,476						7,476
Total Equity at February 29, 2016	$	1,238,032		$	2,488		$	1,240,520

(In thousands)	Total RPM International Inc. Equity			Noncontrolling Interest			Total Equity
Total equity at November 30, 2014	$	1,390,387		$	201,091		$	1,591,478
Net income		(57,348	)		(21,604	)		(78,952	)
Other Comprehensive Income:
Foreign currency translation adjustments		(79,063	)		(212	)		(79,275	)
Pension and other postretirement benefit liability adjustments, net of tax		6,346			165			6,511
Unrealized (loss) gain on securities, net of tax		(3,488	)		-			(3,488	)
Unrealized gain on derivatives, net of tax		497			(77	)		420
Total Other Comprehensive (Loss), net of tax		(75,708	)		(124	)		(75,832	)
Comprehensive Income		(133,056	)		(21,728	)		(154,784	)
Dividends paid		(34,778	)					(34,778	)
Other noncontrolling interest activity		(47	)		47			-
Increase in equity ownership of SPHC		29,366			(177,267	)		(147,901	)
Shares repurchased		(25,800	)					(25,800	)
Stock option exercises, net of shares returned for taxes		(984	)					(984	)
Stock based compensation expense		941						941
Restricted awards, net		5,621						5,621
Total Equity at February 28, 2015	$	1,231,650		$	2,143		$	1,233,793

The following table illustrates the components of total equity and comprehensive income for the nine months ended February 29, 2016 and February 28, 2015:

(In thousands)	Total RPM International Inc. Equity			Noncontrolling Interest			Total Equity
Total equity at May 31, 2015	$	1,291,392		$	2,073		$	1,293,465
Net income		201,830			1,974			203,804
Other Comprehensive Income:
Foreign currency translation adjustments		(100,634	)					(100,634	)
Pension and other postretirement benefit liability adjustments, net of tax		11,064						11,064
Unrealized (loss) on securities, net of tax		(14,049	)					(14,049	)
Total Other Comprehensive (Loss), net of tax		(103,619	)		-			(103,619	)
Comprehensive Income		98,211			1,974			100,185
Dividends paid		(107,806	)					(107,806	)
Other noncontrolling interest activity					(1,559	)		(1,559	)
Shares repurchased and returned for taxes		(66,765	)					(66,765	)
Stock based compensation expense		23,000						23,000
Total Equity at February 29, 2016	$	1,238,032		$	2,488		$	1,240,520

(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		111,497			(11,754	)		99,743
Other Comprehensive Income:
Foreign currency translation adjustments		(186,263	)		(5,500	)		(191,763	)
Pension and other postretirement benefit liability adjustments, net of tax		13,480			945			14,425
Unrealized (loss) on securities, net of tax		(5,979	)		—			(5,979	)
Unrealized gain on derivatives, net of tax		668			(31	)		637
Total Other Comprehensive (Loss), net of tax		(178,094	)		(4,586	)		(182,680	)
Comprehensive Income		(66,597	)		(16,340	)		(82,937	)
Dividends paid		(101,541	)					(101,541	)
Increase in equity ownership of SPHC		29,366			(177,267	)		(147,901	)
Shares repurchased		(27,588	)					(27,588	)
Stock option exercises, net		(479	)					(479	)
Stock based compensation expense		2,845						2,845
Restricted awards, net		12,800						12,800
Total Equity at February 28, 2015	$	1,231,650		$	2,143		$	1,233,793