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Earnings Per Share (Tables)
12 Months Ended
May 31, 2022
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share

The following table sets forth the reconciliation of the numerator and denominator of basic and diluted earnings per share for the years ended May 31, 2022, 2021 and 2020:

 

Year Ended May 31,

 

2022

 

 

2021

 

 

2020

 

(In thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

Numerator for earnings per share:

 

 

 

 

 

 

 

 

 

Net income attributable to RPM International Inc. stockholders

 

$

491,481

 

 

$

502,643

 

 

$

304,385

 

Less: Allocation of earnings and dividends to participating securities

 

 

(3,924

)

 

 

(4,018

)

 

 

(1,956

)

Net income available to common shareholders - basic

 

 

487,557

 

 

 

498,625

 

 

 

302,429

 

Reverse: Allocation of earnings and dividends to participating securities

 

 

3,924

 

 

 

-

 

 

 

1,956

 

Add: Undistributed earnings reallocated to unvested shareholders

 

 

-

 

 

 

13

 

 

 

-

 

Net income available to common shareholders - diluted

 

$

491,481

 

 

$

498,638

 

 

$

304,385

 

Denominator for basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

Basic weighted average common shares

 

 

127,948

 

 

 

128,334

 

 

 

128,468

 

Average diluted options

 

 

1,632

 

 

 

593

 

 

 

1,506

 

Total shares for diluted earnings per share (1)

 

 

129,580

 

 

 

128,927

 

 

 

129,974

 

Earnings Per Share of Common Stock Attributable to

 

 

 

 

 

 

 

 

 

RPM International Inc. Stockholders:

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share of Common Stock

 

$

3.81

 

 

$

3.89

 

 

$

2.35

 

Method used to calculate basic earnings per share

 

Two-Class

 

 

Two-Class

 

 

Two-Class

 

Diluted Earnings Per Share of Common Stock

 

$

3.79

 

 

$

3.87

 

 

$

2.34

 

Method used to calculate diluted earnings per share

 

Treasury

 

 

Two-Class

 

 

Treasury

 

 

(1)
For the years ended May 31, 2022, 2021 and 2020, approximately 655,000, 362,016 and 340,000 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.