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Earnings Per Share (Tables) | 6 Months Ended
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Nov. 30, 2018
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 for the three and six-month periods ended November 30, 2018 and 2017. For the three and six months ended November 30, 2017, and three months ended November 30, 2018, basic and diluted earnings per share were calculated using the two-class method. For the six months ended November 30, 2018, basic earnings per share was calculated using two-class method and diluted earnings per share was calculated using the treasury method.
|  | Three Months Ended |  |  | Six Months Ended |
|  | November 30, |  |  | November 30, |  |  | November 30, |  |  | November 30, |
(In thousands, except per share amounts) |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Numerator for earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders |  | $ | 49,224 |  |  | $ | 95,463 |  |  | $ | 118,988 |  |  | $ | 211,879 |
Less: Allocation of earnings and dividends to participating securities |  |  | (460 | ) |  |  | (1,313 | ) |  |  | (936 | ) |  |  | (2,828 | )
Net income available to common shareholders - basic |  |  | 48,764 |  |  |  | 94,150 |  |  |  | 118,052 |  |  |  | 209,051 |
Add: Undistributed earnings reallocated to unvested shareholders |  |  |  |  |  |  | 3 |  |  |  |  |  |  |  | 7 |
Add: Allocation of earnings and dividends to participating securities |  |  |  |  |  |  |  |  |  |  | 936 |  |  |  |  |
Add: Income effect of contingently issuable shares |  |  |  |  |  |  | 1,379 |  |  |  |  |  |  |  | 2,756 |
Net income available to common shareholders - diluted |  | $ | 48,764 |  |  | $ | 95,532 |  |  | $ | 118,988 |  |  | $ | 211,814 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 131,058 |  |  |  | 131,163 |  |  |  | 131,467 |  |  |  | 131,204 |
Average diluted options and awards |  |  | 609 |  |  |  | 514 |  |  |  | 1,811 |  |  |  | 544 |
Additional shares issuable assuming conversion of convertible securities (1) |  |  |  |  |  |  | 3,915 |  |  |  |  |  |  |  | 3,915 |
Total shares for diluted earnings per share (2) |  |  | 131,667 |  |  |  | 135,592 |  |  |  | 133,278 |  |  |  | 135,663 |
Earnings Per Share of Common Stock Attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
RPM International Inc. Stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic Earnings Per Share of Common Stock |  | $ | 0.37 |  |  | $ | 0.72 |  |  | $ | 0.90 |  |  | $ | 1.59 |
Diluted Earnings Per Share of Common Stock |  | $ | 0.37 |  |  | $ | 0.70 |  |  | $ | 0.89 |  |  | $ | 1.56 |
(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. On November 27, 2018, we redeemed all of our 2.25% convertible senior notes due 2020, primarily for cash, but also issued 598,601 shares of RPM common stock in the transaction.
(2) | There were no shares of restricted stock identified as being anti-dilutive for the three or six months ended November 30, 2018. Restricted shares totaling 123,262 and 99,612 for the three and six months ended November 30, 2017, respectively, were excluded from the calculation of diluted earnings per share because the grant price of the restricted shares exceeded the average market price of the shares during the period and their effect, accordingly, would have been anti-dilutive. In addition, stock appreciation rights (SARs) totaling 480,000 and 890,000 for the three and six months ended November 30, 2018 and 600,000 for the three and six months ended November 30, 2017, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -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
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