EX-11.1 2 l23960aexv11w1.htm EX-11.1 EX-11.1
 

RPM INTERNATIONAL INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPUTATIONS OF EARNINGS
PER SHARE AND SHARE EQUIVALENTS
(Unaudited)
Exhibit 11.1
(In thousands, except per share amounts)
                                 
    Six Months Ended     Three Months Ended  
    November 30,     November 30,  
    2006     2005     2006     2005  
Shares Outstanding
                                
For computation of basic earnings per share of common stock
                                
 
                                
Weighted average shares
     117,501       116,626       117,600       116,710  
 
                        
 
                                
Total shares for basic earnings per share
     117,501       116,626       117,600       116,710  
 
                                
For computation of diluted earnings per share of common stock
                                
 
                                
Net issuable common share equivalents
     2,845       2,740       3,040       2,798  
 
                                
Additional shares issuable assuming conversion of convertible securities
     8,034       8,034       8,034       8,034  
 
                        
 
                                
Total shares for diluted earnings per share
     128,380       127,400       128,674       127,542  
 
                        
 
                                
Net Income
                                
Net income applicable to shares of common stock for basic earnings per share
   $ 114,283     $ 68,488     $ 52,941     $ 18,527  
 
                                
Add: Income effect of contingently issuable shares
     1,542       1,866       609       1,074  
 
                        
 
                                
Net income applicable to shares of common stock for diluted earnings per share
   $ 115,825     $ 70,354     $ 53,550     $ 19,601  
 
                        
 
                                
Basic Earnings Per Share of Common Stock
   $ 0.97     $ 0.59     $ 0.45     $ 0.16  
 
                        
 
                                
Diluted Earnings Per Share of Common Stock
   $ 0.90     $ 0.55     $ 0.42     $ 0.15  
 
                        
The accompanying notes to consolidated financial statements are an integral part of these statements.