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:
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Year Ended May 31, |
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2022 |
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2021 |
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2020 |
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(In thousands, except per share amounts) |
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Numerator for earnings per share: |
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Net income attributable to RPM International Inc. stockholders |
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$ |
491,481 |
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$ |
502,643 |
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$ |
304,385 |
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Less: Allocation of earnings and dividends to participating securities |
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(3,924 |
) |
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(4,018 |
) |
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(1,956 |
) |
Net income available to common shareholders - basic |
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487,557 |
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498,625 |
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302,429 |
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Reverse: Allocation of earnings and dividends to participating securities |
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3,924 |
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- |
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1,956 |
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Add: Undistributed earnings reallocated to unvested shareholders |
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- |
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13 |
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- |
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Net income available to common shareholders - diluted |
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$ |
491,481 |
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$ |
498,638 |
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$ |
304,385 |
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Denominator for basic and diluted earnings per share: |
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Basic weighted average common shares |
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127,948 |
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128,334 |
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128,468 |
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Average diluted options |
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1,632 |
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593 |
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1,506 |
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Total shares for diluted earnings per share (1) |
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129,580 |
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128,927 |
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129,974 |
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Earnings Per Share of Common Stock Attributable to |
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RPM International Inc. Stockholders: |
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Basic Earnings Per Share of Common Stock |
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$ |
3.81 |
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$ |
3.89 |
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$ |
2.35 |
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Method used to calculate basic earnings per share |
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Two-Class |
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Two-Class |
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Two-Class |
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Diluted Earnings Per Share of Common Stock |
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$ |
3.79 |
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$ |
3.87 |
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$ |
2.34 |
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Method used to calculate diluted earnings per share |
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Treasury |
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Two-Class |
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Treasury |
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(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.
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