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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Nov. 30, 2020
Nov. 30, 2019
Income Statement [Abstract]        
Net Sales $ 1,485,915 $ 1,401,292 $ 3,092,586 $ 2,874,056
Cost of Sales 899,743 871,894 1,852,759 1,769,904
Gross Profit 586,172 529,398 1,239,827 1,104,152
Selling, General and Administrative Expenses 399,418 403,357 795,370 803,923
Restructuring Charges 4,918 4,801 9,151 11,423
Interest Expense 21,266 26,341 43,011 54,658
Investment (Income), Net (9,519) (8,805) (22,281) (14,190)
Other Expense, Net 3,133 1,951 6,251 3,736
Income Before Income Taxes 166,956 101,753 408,325 244,602
Provision for Income Taxes 39,072 24,431 99,655 60,784
Net Income 127,884 77,322 308,670 183,818
Less: Net Income Attributable to Noncontrolling Interests 225 292 416 600
Net Income Attributable to RPM International Inc. Stockholders $ 127,659 $ 77,030 $ 308,254 $ 183,218
Average Number of Shares of Common Stock Outstanding:        
Basic 128,500 128,393 128,459 128,639
Diluted [1] 129,090 129,079 129,078 129,294
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:        
Basic $ 0.98 $ 0.60 $ 2.38 $ 1.42
Diluted $ 0.98 $ 0.59 $ 2.37 $ 1.41
[1] Restricted shares totaling 225,500 and 339,550 for the three and six months ended November 30, 2020, respectively and 178,000 the six months ended November 30, 2019, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. There were no shares of restricted stock identified as being anti-dilutive for the three months ended November 30, 2019.  In addition, stock appreciation rights (“SARs”) totaling 360,000 and for the three and six months ended November 30, 2020, respectively, and 790,000 for the six months ended November 30, 2019, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive.  There were no SARs identified as being anti-dilutive for the three months ended November 30, 2019.