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Equity (Tables)
6 Months Ended
Nov. 30, 2017
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 November 30, 2017 and 2016:

 

(In thousands)

 

Total RPM

International

Inc. Equity

 

 

Noncontrolling

Interest

 

 

Total Equity

 

Total equity at August 31, 2017

 

$

1,559,111

 

 

$

3,092

 

 

$

1,562,203

 

Net income

 

 

95,463

 

 

 

395

 

 

 

95,858

 

Other Comprehensive Income:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

 

(8,086

)

 

 

(72

)

 

 

(8,158

)

Pension and other postretirement benefit liability

   adjustments, net of tax

 

 

3,066

 

 

 

 

 

 

 

3,066

 

Unrealized gain on securities, net of tax

 

 

2,549

 

 

 

 

 

 

 

2,549

 

Unrealized (loss) on derivatives, net of tax

 

 

(2,746

)

 

 

 

 

 

 

(2,746

)

Total Other Comprehensive (Loss), net of tax

 

 

(5,217

)

 

 

(72

)

 

 

(5,289

)

Comprehensive Income

 

 

90,246

 

 

 

323

 

 

 

90,569

 

Dividends paid

 

 

(42,789

)

 

 

 

 

 

 

(42,789

)

Other noncontrolling interest activity

 

 

 

 

 

 

(647

)

 

 

(647

)

Shares repurchased and returned for taxes

 

 

(6,779

)

 

 

 

 

 

 

(6,779

)

Stock based compensation expense

 

 

6,964

 

 

 

 

 

 

 

6,964

 

Total Equity at November 30, 2017

 

$

1,606,753

 

 

$

2,768

 

 

$

1,609,521

 

 

(In thousands)

 

Total RPM

International

Inc. Equity

 

 

Noncontrolling

Interest

 

 

Total Equity

 

Total equity at August 31, 2016

 

$

1,435,438

 

 

$

2,126

 

 

$

1,437,564

 

Net (loss) income

 

 

(70,926

)

 

 

670

 

 

 

(70,256

)

Other Comprehensive Income (Loss):

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

 

(51,984

)

 

 

 

 

 

 

(51,984

)

Pension and other postretirement benefit liability

   adjustments, net of tax

 

 

3,590

 

 

 

 

 

 

 

3,590

 

Unrealized (loss) on securities, net of tax

 

 

(895

)

 

 

 

 

 

 

(895

)

Total Other Comprehensive (Loss), net of tax

 

 

(49,289

)

 

 

-

 

 

 

(49,289

)

Comprehensive (Loss) Income

 

 

(120,215

)

 

 

670

 

 

 

(119,545

)

Dividends paid

 

 

(40,075

)

 

 

 

 

 

 

(40,075

)

Other noncontrolling interest activity

 

 

 

 

 

 

(894

)

 

 

(894

)

Shares repurchased and returned for taxes

 

 

(2,558

)

 

 

 

 

 

 

(2,558

)

Stock based compensation expense

 

 

8,842

 

 

 

 

 

 

 

8,842

 

Total Equity at November 30, 2016

 

$

1,281,432

 

 

$

1,902

 

 

$

1,283,334

 

 

(In thousands)

 

Total RPM

International

Inc. Equity

 

 

Noncontrolling

Interest

 

 

Total Equity

 

Total equity at May 31, 2017

 

$

1,436,061

 

 

$

2,639

 

 

$

1,438,700

 

Net income

 

 

211,879

 

 

 

882

 

 

 

212,761

 

Other Comprehensive Income:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

 

36,361

 

 

 

(41

)

 

 

36,320

 

Pension and other postretirement benefit liability

   adjustments, net of tax

 

 

3,695

 

 

 

 

 

 

 

3,695

 

Unrealized gain on securities, net of tax

 

 

2,471

 

 

 

 

 

 

 

2,471

 

Unrealized (loss) on derivatives, net of tax

 

 

(3,140

)

 

 

 

 

 

 

(3,140

)

Total Other Comprehensive Income (Loss), net of tax

 

 

39,387

 

 

 

(41

)

 

 

39,346

 

Comprehensive Income

 

 

251,266

 

 

 

841

 

 

 

252,107

 

Dividends paid

 

 

(82,878

)

 

 

 

 

 

 

(82,878

)

Other noncontrolling interest activity

 

 

 

 

 

 

(712

)

 

 

(712

)

Shares repurchased and returned for taxes

 

 

(12,125

)

 

 

 

 

 

 

(12,125

)

Stock based compensation expense

 

 

14,429

 

 

 

 

 

 

 

14,429

 

Total Equity at November 30, 2017

 

$

1,606,753

 

 

$

2,768

 

 

$

1,609,521

 

 

(In thousands)

 

Total RPM

International

Inc. Equity

 

 

Noncontrolling

Interest

 

 

Total Equity

 

Total equity at May 31, 2016

 

$

1,372,335

 

 

$

2,413

 

 

$

1,374,748

 

Net income

 

 

41,843

 

 

 

1,295

 

 

 

43,138

 

Other Comprehensive Income:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

 

(63,495

)

 

 

 

 

 

 

(63,495

)

Pension and other postretirement benefit liability

   adjustments, net of tax

 

 

9,294

 

 

 

 

 

 

 

9,294

 

Unrealized gain on securities, net of tax

 

 

709

 

 

 

 

 

 

 

709

 

Total Other Comprehensive (Loss), net of tax

 

 

(53,492

)

 

 

-

 

 

 

(53,492

)

Comprehensive (Loss) Income

 

 

(11,649

)

 

 

1,295

 

 

 

(10,354

)

Dividends paid

 

 

(76,604

)

 

 

 

 

 

 

(76,604

)

Other noncontrolling interest activity

 

 

 

 

 

 

(1,806

)

 

 

(1,806

)

Shares repurchased and returned for taxes

 

 

(19,663

)

 

 

 

 

 

 

(19,663

)

Stock based compensation expense

 

 

17,013

 

 

 

 

 

 

 

17,013

 

Total Equity at November 30, 2016

 

$

1,281,432

 

 

$

1,902

 

 

$

1,283,334