Earnings Per Share

9 Months Ended

Feb. 29, 2020

NOTE 12 — EARNINGS PER SHARE

The following table sets forth the reconciliation of the numerator and denominator of basic and diluted earnings per share for the three- and nine-month periods ended February 29, 2020 and February 28, 2019.

	Three Months Ended					Nine Months Ended
	February 29,		February 28,			February 29,			February 28,
(In thousands, except per share amounts)	2020		2019			2020			2019
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders	$	11,853	$	14,190		$	195,072		$	133,178
Less: Allocation of earnings and dividends to participating securities		-		(109	)		(1,199	)		(996	)
Net income available to common shareholders - basic		11,853		14,081			193,873			132,182
Add: Allocation of earnings and dividends to participating securities		-		109			2			996
Net income available to common shareholders - diluted	$	11,853	$	14,190		$	193,875		$	133,178
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		128,426		130,105			128,572			131,019
Average diluted options and awards		1,602		1,784			666			1,810
Total shares for diluted earnings per share (1)		130,028		131,889			129,238			132,829
Earnings Per Share of Common Stock Attributable to
RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock	$	0.09	$	0.11		$	1.51		$	1.01
Method used to calculate basic earnings per share	Treasury		Two-class			Two-class			Two-class
Diluted Earnings Per Share of Common Stock	$	0.09	$	0.11		$	1.50		$	1.00
Method used to calculate diluted earnings per share	Treasury		Treasury			Two-class			Treasury

(1)

There were no shares of restricted stock identified as being anti-dilutive for the three or nine months ended February 29, 2020. Restricted shares totaling 429,750 and 323,000 for the three and nine months ended February 28, 2019, respectively, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. There were no Stock

appreciation rights (“SARs”) identified as being anti-dilutive for the three or nine months ended February 29, 2020. SARs totaling 890,000 for the three and nine months ended February 28, 2019, respectively, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive.