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Quarterly Information (Unaudited) (Tables) | 12 Months Ended
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May 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Result of Operations | The following is a summary of the quarterly results of operations for the years ended May 31, 2019 and 2018:
|  | For Quarter Ended |
(In thousands, except per share amounts) |  | August 31 |  |  | November 30 |  |  | February 28 |  |  | May 31 |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 1,459,989 |  |  | $ | 1,362,531 |  |  | $ | 1,140,630 |  |  | $ | 1,601,401 |
Gross Profit |  | $ | 594,042 |  |  | $ | 537,969 |  |  | $ | 446,140 |  |  | $ | 683,756 |
Net Income Attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
RPM International Inc. Stockholders (a) |  | $ | 69,764 |  |  | $ | 49,224 |  |  | $ | 14,190 |  |  | $ | 133,380 |
Basic Earnings Per Share |  | $ | 0.52 |  |  | $ | 0.37 |  |  | $ | 0.11 |  |  | $ | 1.03 |
Diluted Earnings Per Share |  | $ | 0.52 |  |  | $ | 0.37 |  |  | $ | 0.11 |  |  | $ | 1.02 |
Dividends Per Share |  | $ | 0.320 |  |  | $ | 0.350 |  |  | $ | 0.350 |  |  | $ | 0.350 |
(In thousands, except per share amounts) |  | August 31 |  |  | November 30 |  |  | February 28 |  |  | May 31 (b) |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 1,345,394 |  |  | $ | 1,315,416 |  |  | $ | 1,102,677 |  |  | $ | 1,558,156 |
Gross Profit |  | $ | 572,008 |  |  | $ | 551,015 |  |  | $ | 439,493 |  |  | $ | 618,696 |
Net Income Attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
RPM International Inc. Stockholders |  | $ | 116,416 |  |  | $ | 95,463 |  |  | $ | 40,227 |  |  | $ | 85,664 |
Basic Earnings Per Share |  | $ | 0.87 |  |  | $ | 0.72 |  |  | $ | 0.30 |  |  | $ | 0.65 |
Diluted Earnings Per Share |  | $ | 0.86 |  |  | $ | 0.70 |  |  | $ | 0.30 |  |  | $ | 0.63 |
Dividends Per Share |  | $ | 0.300 |  |  | $ | 0.320 |  |  | $ | 0.320 |  |  | $ | 0.320 |
(a) | Reflects inventory-related charges of $10.5 million in our consumer reportable segment resulting from more proactive management of inventory and $10.0 million in inventory reductions related to restructuring activities in our industrial reportable segment. Reflects restructuring charges totaling $42.3 million that were incurred throughout fiscal 2019, as further described in Note B, “Restructuring.”
(b) | Reflects inventory-related charges of $36.5 million in our consumer reportable segment for product line rationalization and related obsolete inventory identification and $1.2 million in inventory reductions related to restructuring activities in our industrial reportable segment. Additional restructuring charges totaling $17.5 million were incurred during the fourth quarter of fiscal 2018, as further described in Note B, “Restructuring.” We also incurred charges in our industrial segment totaling $4.2 million in connection with the decision to exit Flowcrete China.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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