XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Earnings Per Share (Tables) | 3 Months Ended
--- | ---
Aug. 31, 2016
Earnings Per Share [Abstract] |
Reconciliation of Numerator and Denominator of Basic and Diluted 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, 2016. 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) |  | 2016 |  |  | 2015 |
Numerator for earnings per share: |  |  |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders |  | $ | 112,769 |  |  | $ | 99,815 |
Less: Allocation of earnings and dividends to participating securities |  |  | (1,819 | ) |  |  | (1,577 | )
Net income available to common shareholders - basic |  |  | 110,950 |  |  |  | 98,238 |
Add: Undistributed earnings reallocated to unvested shareholders |  |  | 7 |  |  |  |  |
Reverse: Allocation of earnings and dividends to participating securities |  |  |  |  |  |  | 1,577 |
Add: Income effect of contingently issuable shares |  |  | 1,362 |  |  |  | 1,356 |
Net income available to common shareholders - diluted |  | $ | 112,319 |  |  | $ | 101,171 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 130,600 |  |  |  | 130,045 |
Average diluted options |  |  | 749 |  |  |  | 3,383 |
Additional shares issuable assuming conversion of convertible securities (1) |  |  | 3,892 |  |  |  | 3,879 |
Total shares for diluted earnings per share |  |  | 135,241 |  |  |  | 137,307 |
Earnings Per Share of Common Stock Attributable to |  |  |  |  |  |  |  |
RPM International Inc. Stockholders: |  |  |  |  |  |  |  |
Basic Earnings Per Share of Common Stock |  | $ | 0.85 |  |  | $ | 0.76 |
Diluted Earnings Per Share of Common Stock |  | $ | 0.83 |  |  | $ | 0.74 |
(1) | 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.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration