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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Feb. 28, 2021
Feb. 29, 2020
Income Statement [Abstract]        
Net Sales $ 1,269,395 $ 1,173,976 $ 4,361,981 $ 4,048,033
Cost of Sales 797,454 739,229 2,650,213 2,509,133
Gross Profit 471,941 434,747 1,711,768 1,538,900
Selling, General and Administrative Expenses 402,186 381,866 1,197,556 1,185,791
Restructuring Charges 3,129 7,343 12,280 18,766
Interest Expense 20,964 23,972 63,975 78,630
Investment (Income) Expense, Net (11,454) 3,836 (33,735) (10,354)
Other Expense, Net 1,256 1,422 7,507 5,158
Income Before Income Taxes 55,860 16,308 464,185 260,909
Provision for Income Taxes 17,394 4,218 117,049 65,002
Net Income 38,466 12,090 347,136 195,907
Less: Net Income Attributable to Noncontrolling Interests 224 237 640 835
Net Income Attributable to RPM International Inc. Stockholders $ 38,242 $ 11,853 $ 346,496 $ 195,072
Average Number of Shares of Common Stock Outstanding:        
Basic 128,447 128,426 128,455 128,572
Diluted [1] 129,949 130,028 129,052 129,238
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:        
Basic $ 0.30 $ 0.09 $ 2.68 $ 1.51
Diluted $ 0.29 $ 0.09 $ 2.66 $ 1.50
[1] Restricted shares totaling 225,500 and 231,450 for the three and nine months ended February 28, 2021, respectively, 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 or nine months ended February 29, 2020.  In addition, stock appreciation rights (“SARs”) totaling 360,000 and for the three and nine months ended February 28, 2021 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 or nine months ended February 29, 2020.