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Earnings Per Share | 6 Months Ended
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Nov. 30, 2013
Earnings Per Share | NOTE 9 — EARNINGS PER SHARE The following table sets forth the reconciliation of the numerator and denominator of basic and diluted earnings per share, as calculated using the two-class method, for the three and six month periods ended November 30, 2013 and 2012:
|  | Three Months Ended November 30, |  |  | Six Months Ended November 30, |
(In thousands, except per share amounts) |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Numerator for earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders |  | $ | 63,562 |  |  | $ | 41,668 |  |  | $ | 166,660 |  |  | $ | 75,581 |
Less: Allocation of earnings and dividends to participating securities |  |  | (1,379 | ) |  |  | (929 | ) |  |  | (3,521 | ) |  |  | (1,526 | )
Net income available to common shareholders — basic |  |  | 62,183 |  |  |  | 40,739 |  |  |  | 163,139 |  |  |  | 74,055 |
Add: Undistributed earnings reallocated to unvested shareholders |  |  | 6 |  |  |  | 2 |  |  |  | 17 |  |  |  | 2 |
Net income available to common shareholders — diluted |  | $ | 62,189 |  |  | $ | 40,741 |  |  | $ | 163,156 |  |  | $ | 74,057 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 129,426 |  |  |  | 128,885 |  |  |  | 129,385 |  |  |  | 128,844 |
Average diluted options |  |  | 992 |  |  |  | 815 |  |  |  | 974 |  |  |  | 791 |
Net issuable common share equivalents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total shares for diluted earnings per share (1), (2) |  |  | 130,418 |  |  |  | 129,700 |  |  |  | 130,359 |  |  |  | 129,635 |
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic Earnings Per Share of Common Stock |  | $ | 0.48 |  |  | $ | 0.32 |  |  | $ | 1.26 |  |  | $ | 0.57 |
Diluted Earnings Per Share of Common Stock |  | $ | 0.48 |  |  | $ | 0.31 |  |  | $ | 1.25 |  |  | $ | 0.57 |
(1) | For the quarters ended November 30, 2013 and 2012, respectively, approximately 3,078,000 shares and 3,151,000 shares of stock granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.
(2) | For the six month periods ended November 30, 2013 and 2012, approximately 2,939,000 shares and 2,970,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS for those periods, as the effect would have been anti-dilutive.

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