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Earnings Per Share | 3 Months Ended
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Aug. 31, 2015
Earnings Per Share | NOTE 11 — 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 first quarter ended August 31, 2014. For the quarter ended August 31, 2015, the two-class method was used to compute basic earnings per share, while the treasury stock method was utilized for the purpose of computing diluted earnings per share, as that method resulted in the most-dilutive earnings per share.
|  | Three Months Ended August 31, |
(In thousands, except per share amounts) |  | 2015 |  |  | 2014 |
Numerator for earnings per share: |  |  |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders |  | $ | 99,815 |  |  | $ | 99,079 |
Less: Allocation of earnings and dividends to participating securities |  |  | (1,577 | ) |  |  | (2,179 | )
Net income available to common shareholders — basic |  |  | 98,238 |  |  |  | 96,900 |
Add: Undistributed earnings reallocated to unvested shareholders |  |  |  |  |  |  | 12 |
Reverse allocation of earnings and dividends to participating securities |  |  | 1,577 |  |  |  |  |
Add: Income effect of contingently issuable shares |  |  | 1,356 |  |  |  | 1,339 |
Net income available to common shareholders — diluted |  | $ | 101,171 |  |  | $ | 98,251 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 130,045 |  |  |  | 130,094 |
Average diluted options |  |  | 2,360 |  |  |  | 1,065 |
Net issuable common share equivalents |  |  | 1,023 |  |  |  |  |
Additional shares issuable assuming conversion of convertible securities (2) |  |  | 3,879 |  |  |  | 3,873 |
Total shares for diluted earnings per share |  |  | 137,307 |  |  |  | 135,032 |
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: |  |  |  |  |  |  |  |
Basic |  | $ | 0.76 |  |  | $ | 0.74 |
Diluted (1) |  | $ | 0.74 |  |  | $ | 0.73 |
(1) | For the quarters ended August 31, 2015 and 2014, approximately 2,201,000 and 3,034,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted earnings per share, as the effect would have been anti-dilutive.
(2) | Represents the number of shares that would be issued if our contingently convertible notes were converted. We include these shares in the calculation of diluted EPS as the conversion of the notes may be settled, at our election, in cash, shares of our common stock, or a combination of cash and shares of our common stock.

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