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Earnings Per Share | 3 Months Ended
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Aug. 31, 2019
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE 13 — 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 three-month periods ended August 31, 2019 and 2018.
|  | Three Months Ended |
|  | August 31, |  |  | August 31, |
(In thousands, except per share amounts) |  | 2019 |  |  | 2018 |
Numerator for earnings per share: |  |  |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders |  | $ | 106,188 |  |  | $ | 69,764 |
Less: Allocation of earnings and dividends to participating securities |  |  | (623 | ) |  |  | (611 | )
Net income available to common shareholders - basic |  |  | 105,565 |  |  |  | 69,153 |
Add: Undistributed earnings reallocated to unvested shareholders |  |  | 2 |  |  |  | 1 |
Add: Allocation of earnings and dividends to participating securities |  |  |  |  |  |  |  |
Add: Income effect of contingently issuable shares |  |  |  |  |  |  | 1,480 |
Net income available to common shareholders - diluted |  | $ | 105,567 |  |  | $ | 70,634 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 128,882 |  |  |  | 131,861 |
Average diluted options and awards |  |  | 622 |  |  |  | 636 |
Additional shares issuable assuming conversion of convertible securities (1) |  |  |  |  |  |  | 3,933 |
Total shares for diluted earnings per share (2) |  |  | 129,504 |  |  |  | 136,430 |
Earnings Per Share of Common Stock Attributable to |  |  |  |  |  |  |  |
RPM International Inc. Stockholders: |  |  |  |  |  |  |  |
Basic Earnings Per Share of Common Stock |  | $ | 0.82 |  |  | $ | 0.52 |
Diluted Earnings Per Share of Common Stock |  | $ | 0.82 |  |  | $ | 0.52 |
(1) | Represents the number of shares that would have been issued if our contingently convertible notes had been converted. We included these shares in the calculation of diluted EPS as the conversion of the notes were eligible to 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 our common stock in the transaction.
(2) | Restricted shares totaling 178,000 and 126,750 for the three months ended August 31, 2019 and 2018, respectively, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. In addition, stock appreciation rights (SARs) totaling 790,000 for the three months ended August 31, 2019 and 890,000 for the three months ended August 31, 2018, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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