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Equity (Tables)
9 Months Ended
Feb. 29, 2016
Equity [Abstract]  
Components of Total Equity and Comprehensive Income

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