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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
May 31, 2016
May 31, 2015
May 31, 2014
Income Statement [Abstract]      
Net Sales [1] $ 4,813,649 $ 4,594,550 $ 4,376,353
Cost of Sales 2,726,601 2,653,181 2,500,585
Gross Profit 2,087,048 1,941,369 1,875,768
Selling, General and Administrative Expenses 1,520,977 1,422,944 1,390,128
Interest Expense 91,683 87,615 80,951
Investment (Income), Net (10,365) (18,577) (15,715)
Other Expense (Income), Net 1,287 (3,866) (4,083)
Income Before Income Taxes [2] 483,466 453,253 424,487
Provision for Income Taxes 126,008 224,925 118,503
Net Income 357,458 228,328 305,984
Less: Net Income (Loss) Attributable to Noncontrolling Interests 2,733 (11,156) 14,324
Net Income Attributable to RPM International Inc. Stockholders $ 354,725 $ 239,484 $ 291,660
Average Number of Shares of Common Stock Outstanding:      
Basic [3] 129,383 129,933 129,438
Diluted [3] 136,716 134,893 132,288
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:      
Basic $ 2.70 $ 1.81 $ 2.20
Diluted 2.63 1.78 2.18
Cash Dividends Declared per Share of Common Stock $ 1.085 $ 1.020 $ 0.945
[1] It is not practicable to obtain the information needed to disclose revenues attributable to each of our product lines.
[2] The presentation includes a reconciliation of Income (Loss) Before Income Taxes, a measure defined by Generally Accepted Accounting Principles (GAAP) in the United States, to EBIT.
[3] Basic and diluted earnings per share are calculated using the two-class method for the years ended May 31, 2015 and 2014. For the year ended May 31, 2016, basic and diluted earnings per share are calculated under the two-class method and the treasury method, respectively, as those methods resulted in the most dilutive earnings per share.