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Equity (Tables)
3 Months Ended
Aug. 31, 2018
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 August 31, 2018 and 2017:

 

(In thousands)

 

Total RPM

International

Inc. Equity

 

 

Noncontrolling

Interest

 

 

Total Equity

 

Total equity at May 31, 2018

 

$

1,630,773

 

 

$

2,765

 

 

$

1,633,538

 

Net income

 

 

69,764

 

 

 

422

 

 

 

70,186

 

Other Comprehensive Income:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

 

(40,431

)

 

 

(258

)

 

 

(40,689

)

Pension and other postretirement benefit liability

   adjustments, net of tax

 

 

3,056

 

 

 

 

 

 

 

3,056

 

Unrealized (loss) on securities, net of tax

 

 

2,476

 

 

 

 

 

 

 

2,476

 

Unrealized (loss) on derivatives, net of tax

 

 

921

 

 

 

 

 

 

 

921

 

Total Other Comprehensive Income, net of tax

 

 

(33,978

)

 

 

(258

)

 

 

(34,236

)

Comprehensive Income

 

 

35,786

 

 

 

164

 

 

 

35,950

 

Dividends paid

 

 

(42,714

)

 

 

 

 

 

 

(42,714

)

Other

 

 

(2,834

)

 

 

3

 

 

 

(2,831

)

Shares repurchased and shares returned for taxes

 

 

(20,581

)

 

 

 

 

 

 

(20,581

)

Stock based compensation expense - included in SG&A

 

 

6,668

 

 

 

 

 

 

 

6,668

 

Stock based compensation expense - included in restructuring expense

 

 

3,349

 

 

 

 

 

 

 

3,349

 

Total Equity at August 31, 2018

 

$

1,610,447

 

 

$

2,932

 

 

$

1,613,379

 

 

(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

 

 

116,416

 

 

 

487

 

 

 

116,903

 

Other Comprehensive Income:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

 

44,447

 

 

 

31

 

 

 

44,478

 

Pension and other postretirement benefit liability

   adjustments, net of tax

 

 

629

 

 

 

 

 

 

 

629

 

Unrealized gain on securities, net of tax

 

 

(78

)

 

 

 

 

 

 

(78

)

Unrealized loss on derivatives, net of tax

 

 

(394

)

 

 

 

 

 

 

(394

)

Total Other Comprehensive Income, net of tax

 

 

44,604

 

 

 

31

 

 

 

44,635

 

Comprehensive Income

 

 

161,020

 

 

 

518

 

 

 

161,538

 

Dividends paid

 

 

(40,089

)

 

 

 

 

 

 

(40,089

)

Other noncontrolling interest activity

 

 

 

 

 

 

(65

)

 

 

(65

)

Shares repurchased and returned for taxes

 

 

(5,346

)

 

 

 

 

 

 

(5,346

)

Stock based compensation expense

 

 

7,465

 

 

 

 

 

 

 

7,465

 

Total Equity at August 31, 2017

 

$

1,559,111

 

 

$

3,092

 

 

$

1,562,203