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Earnings Per Share | 6 Months Ended
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Nov. 30, 2014
Earnings Per Share | NOTE 8 — 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, 2014 and 2013:
|  | Three Months Ended November 30, |  |  | Six Months Ended November 30, |
(In thousands, except per share amounts) |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Numerator for earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders |  | $ | 69,766 |  |  | $ | 63,562 |  |  | $ | 168,845 |  |  | $ | 166,660 |
Less: Allocation of earnings and dividends to participating securities |  |  | (1,602 | ) |  |  | (1,379 | ) |  |  | (3,673 | ) |  |  | (3,521 | )
Net income available to common shareholders — basic |  |  | 68,164 |  |  |  | 62,183 |  |  |  | 165,172 |  |  |  | 163,139 |
Add: Undistributed earnings reallocated to unvested shareholders |  |  | 6 |  |  |  | 6 |  |  |  | 18 |  |  |  | 17 |
Add: Income effect of contingently issuable shares |  |  | 1,340 |  |  |  |  |  |  |  | 2,679 |  |  |  |  |
Net income available to common shareholders — diluted |  | $ | 69,510 |  |  | $ | 62,189 |  |  | $ | 167,869 |  |  | $ | 163,156 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 130,028 |  |  |  | 129,426 |  |  |  | 130,061 |  |  |  | 129,385 |
Average diluted options |  |  | 1,063 |  |  |  | 992 |  |  |  | 1,064 |  |  |  | 974 |
Additional shares issuable assuming conversion of convertible securities |  |  | 3,875 |  |  |  |  |  |  |  | 3,875 |  |  |  |  |
Total shares for diluted earnings per share (1), (2) |  |  | 134,966 |  |  |  | 130,418 |  |  |  | 135,000 |  |  |  | 130,359 |
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic Earnings Per Share of Common Stock |  | $ | 0.52 |  |  | $ | 0.48 |  |  | $ | 1.27 |  |  | $ | 1.26 |
Diluted Earnings Per Share of Common Stock |  | $ | 0.52 |  |  | $ | 0.48 |  |  | $ | 1.24 |  |  | $ | 1.25 |
(1) | For the three month periods ended November 30, 2014 and 2013, respectively, approximately 3.2 million shares and 3.1 million 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, 2014 and 2013, respectively, approximately 3.0 million shares and 2.9 million 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.

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