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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
May 31, 2018
May 31, 2017
May 31, 2016
Income Statement [Abstract]      
Net Sales [1] $ 5,321,643 $ 4,958,175 $ 4,813,649
Cost of Sales 3,140,431 2,792,487 2,726,601
Gross Profit 2,181,212 2,165,688 2,087,048
Selling, General and Administrative Expenses 1,663,143 1,643,520 1,520,977
Restructuring Expense 17,514    
Goodwill and Other Intangible Asset Impairments   193,198  
Interest Expense 104,547 96,954 91,683
Investment (Income), Net (20,442) (13,984) (10,365)
Other (Income) Expense, Net (598) 1,667 1,287
Income Before Income Taxes [2] 417,048 244,333 483,466
Provision for Income Taxes 77,791 59,662 126,008
Net Income 339,257 184,671 357,458
Less: Net Income Attributable to Noncontrolling Interests 1,487 2,848 2,733
Net Income Attributable to RPM International Inc. Stockholders $ 337,770 $ 181,823 $ 354,725
Average Number of Shares of Common Stock Outstanding:      
Basic [3] 131,179 130,662 129,383
Diluted [3],[4] 137,171 135,165 136,716
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:      
Basic $ 2.55 $ 1.37 $ 2.70
Diluted 2.50 1.36 2.63
Cash Dividends Declared per Share of Common Stock $ 1.260 $ 1.175 $ 1.085
[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 year ended May 31, 2017. For the years ended May 31, 2018 and 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.
[4] For the years ended May 31, 2018 and 2017, approximately 799,362 and 606,048 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.