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Earnings Per Share | 9 Months Ended
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Feb. 28, 2015
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 treasury method for the three months ended February 28, 2015, and calculated using the two-class method for the other periods presented for fiscal 2015 and 2014:
|  | Three Months Ended February 28, |  |  | Nine Months Ended February 28, |
(In thousands, except per share amounts) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Numerator for earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders |  | $ | (57,348 | ) |  | $ | 16,221 |  |  | $ | 111,497 |  |  | $ | 182,881 |
Less: Allocation of earnings and dividends to participating securities |  |  |  |  |  |  | (299 | ) |  |  | (2,347 | ) |  |  | (3,897 | )
Net income available to common shareholders — basic |  |  | (57,348 | ) |  |  | 15,922 |  |  |  | 109,150 |  |  |  | 178,984 |
Add: Undistributed earnings reallocated to unvested shareholders |  |  |  |  |  |  |  |  |  |  | 2 |  |  |  | 15 |
Add: Income effect of contingently issuable shares |  |  |  |  |  |  |  |  |  |  | 4,026 |  |  |  | 1,202 |
Net income available to common shareholders — diluted |  | $ | (57,348 | ) |  | $ | 15,922 |  |  | $ | 113,178 |  |  | $ | 180,201 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 129,795 |  |  |  | 129,453 |  |  |  | 130,039 |  |  |  | 129,407 |
Average diluted options |  |  |  |  |  |  |  |  |  |  | 1,080 |  |  |  | 999 |
Additional shares issuable assuming conversion of convertible securities |  |  |  |  |  |  |  |  |  |  | 3,876 |  |  |  | 1,163 |
Total shares for diluted earnings per share (1), (2) |  |  | 129,795 |  |  |  | 129,453 |  |  |  | 134,995 |  |  |  | 131,569 |
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic Earnings Per Share of Common Stock |  | $ | (0.44 | ) |  | $ | 0.12 |  |  | $ | 0.84 |  |  | $ | 1.38 |
Diluted Earnings Per Share of Common Stock |  | $ | (0.44 | ) |  | $ | 0.12 |  |  | $ | 0.84 |  |  | $ | 1.37 |
(1) | For the three month period ended February 28, 2015, basic weighted-average shares outstanding and basic net income available to common shareholders under the treasury method are used in calculating basic and diluted earnings per share as a result of the reported loss for the period. For the three month period ended February 28, 2014, basic weighted-average shares outstanding and basic net income available to common shareholders are used in calculating diluted earnings per share under the two-class method, as that method resulted in the most dilutive earnings per share.
(2) | For the nine month periods ended February 28, 2015 and 2014, approximately 2,995,000 and 3,019,000 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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