XML 140 R27.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
May. 31, 2015
Asset Acquired and Liabilities Assumed on Acquisition | Final determinations of the purchase price allocation for these acquisitions have been completed, and are aggregated by year of purchase in the following table:
|  | Fiscal 2015 Acquisitions |  |  | Fiscal 2014 Acquisitions |
(In thousands) |  | Weighted- Average Intangible Asset Amortization Life (In Years) |  |  | Total |  |  | Weighted- Average Intangible Asset Amortization Life (In Years) |  |  | Total |
Current assets |  |  |  |  |  | $ | 27,533 |  |  |  |  |  |  | $ | 10,874 |
Property, plant and equipment |  |  |  |  |  |  | 11,506 |  |  |  |  |  |  |  | 4,234 |
Goodwill |  |  | N/A |  |  |  | 27,833 |  |  |  | N/A |  |  |  | 21,296 |
Tradenames - indefinite lives |  |  | N/A |  |  |  | 7,209 |  |  |  | N/A |  |  |  | 2,000 |
Other intangible assets |  |  | 14 |  |  |  | 26,781 |  |  |  | 14 |  |  |  | 19,462 |
Other long-term assets |  |  |  |  |  |  | 202 |  |  |  |  |  |  |  | — |
Total Assets Acquired |  |  |  |  |  | $ | 101,064 |  |  |  |  |  |  | $ | 57,866 |
Liabilities assumed |  |  |  |  |  |  | (28,363 | ) |  |  |  |  |  |  | (18,361 | )
Net Assets Acquired |  |  |  |  |  | $ | 72,701 | (1) |  |  |  |  |  | $ | 39,505 | (2)
(1) | Figure includes cash acquired of $2.8 million.
(2) | Figure includes cash acquired of $0.3 million.
Property, Plant and Equipment |
May 31, |  | 2015 |  |  | 2014 |
(In thousands) |  |  |  |  |  |
Land |  | $ | 58,555 |  |  | $ | 50,245 |
Buildings and leasehold improvements |  |  | 349,682 |  |  |  | 328,269 |
Machinery and equipment |  |  | 850,067 |  |  |  | 813,162 |
Total property, plant and equipment, at cost |  |  | 1,258,304 |  |  |  | 1,191,676 |
Less: allowance for depreciation and amortization |  |  | 668,658 |  |  |  | 658,871 |
Property, plant and equipment, net |  | $ | 589,646 |  |  | $ | 532,805 |
Useful Lives | Depreciation is computed primarily using the straight-line method over the following ranges of useful lives:
Land improvements |  | 3 to 40 years
Buildings and improvements |  | 3 to 50 years
Machinery and equipment |  | 1 to 30 years
Major Classes of Inventories | Inventories were composed of the following major classes:
May 31, |  | 2015 |  |  | 2014 |
(In thousands) |  |  |  |  |  |  |  |
Raw material and supplies |  | $ | 235,649 |  |  | $ | 213,981 |
Finished goods |  |  | 438,556 |  |  |  | 399,663 |
Total Inventory |  | $ | 674,205 |  |  | $ | 613,644 |
Investment (Income), Net | Investment (income), net, consists of the following components:
Year Ended May 31, |  | 2015 |  |  | 2014 |  |  | 2013 |
(In thousands) |  |  |  |  |  |  |  |  |
Interest (income) |  | $ | (8,304 | ) |  | $ | (6,327 | ) |  | $ | (6,814 | )
(Gain) on sale of marketable securities |  |  | (8,692 | ) |  |  | (7,353 | ) |  |  | (11,664 | )
Other-than-temporary impairment on securities |  |  | 22 |  |  |  | 161 |  |  |  | 14,279 |
Dividend (income) |  |  | (1,603 | ) |  |  | (2,196 | ) |  |  | (1,979 | )
Investment (income), net |  | $ | (18,577 | ) |  | $ | (15,715 | ) |  | $ | (6,178 | )
Other (Income) Expense, Net | Other (income) expense, net, consists of the following components:
Year Ended May 31, |  | 2015 |  |  | 2014 |  |  | 2013 |
(In thousands) |  |  |  |  |  |  |  |  |
Royalty (income), net |  | $ | (1,843 | ) |  | $ | (1,195 | ) |  | $ | (2,069 | )
Loss on Brazil operational repositioning |  |  | — |  |  |  | — |  |  |  | 6,087 |
Loss on Kemrock conversion option |  |  | — |  |  |  | — |  |  |  | 9,030 |
(Income) loss related to unconsolidated equity affiliates |  |  | (2,023 | ) |  |  | (2,888 | ) |  |  | 44,671 |
Other (income) expense, net |  | $ | (3,866 | ) |  | $ | (4,083 | ) |  | $ | 57,719 |

X
- Definition Property, Plant and Equipment, Useful Life [Table Text Block] + References No definition available. + Details
Name: | rpm_PropertyPlantAndEquipmentUsefulLifeTableTextBlock
Namespace Prefix: | rpm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Purchase Price Allocations [Table Text Block] + References No definition available. + Details
Name: | rpm_ScheduleOfPurchasePriceAllocationsTableTextBlock
Namespace Prefix: | rpm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and other income elements which are not separately disclosed on the income statement. + References No definition available. + Details
Name: | us-gaap_InterestAndOtherIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph b -Article 5 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 2 -Paragraph 6 -Subparagraph a,b,c -Article 5 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration