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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
May 31, 2019
May 31, 2018
May 31, 2017
Income Statement [Abstract]      
Net Sales [1] $ 5,564,551 $ 5,321,643 $ 4,958,175
Cost of Sales 3,302,644 3,140,431 2,792,487
Gross Profit 2,261,907 2,181,212 2,165,688
Selling, General and Administrative Expenses 1,769,630 1,663,143 1,643,520
Restructuring Expense 42,310 17,514  
Goodwill and Other Intangible Asset Impairments 4,190   193,198
Interest Expense 102,392 104,547 96,954
Investment (Income), Net (730) (20,442) (13,984)
Other Expense (Income), Net 4,270 (598) 1,667
Income Before Income Taxes 339,845 417,048 244,333
Provision for Income Taxes 72,158 77,791 59,662
Net Income 267,687 339,257 184,671
Less: Net Income Attributable to Noncontrolling Interests 1,129 1,487 2,848
Net Income Attributable to RPM International Inc. Stockholders $ 266,558 $ 337,770 $ 181,823
Average Number of Shares of Common Stock Outstanding:      
Basic [2] 130,552 131,179 130,662
Diluted [2],[3] 134,333 137,171 135,165
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:      
Basic $ 2.03 $ 2.55 $ 1.37
Diluted $ 2.01 $ 2.50 $ 1.36
[1] It is not practicable to obtain the information needed to disclose revenues attributable to each of our product lines.
[2] For the year ended May 31, 2019 and 2018, 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. For the year ended May 31, 2017, basic and diluted earnings per share are calculated using the two-class method.
[3] For the years ended May 31, 2019, 2018 and 2017, approximately 862,500, 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.