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Quarterly Information (Unaudited) (Tables) | 12 Months Ended
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May 31, 2020
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, 2020 and 2019:
|  | For Quarter Ended |
(In thousands, except per share amounts) |  | August 31 |  |  | November 30 |  |  | February 29 |  |  | May 31 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 1,472,764 |  |  | $ | 1,401,292 |  |  | $ | 1,173,976 |  |  | $ | 1,458,962 |
Gross Profit |  | $ | 574,754 |  |  | $ | 529,398 |  |  | $ | 434,747 |  |  | $ | 553,956 |
Net Income Attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
RPM International Inc. Stockholders (a) |  | $ | 106,188 |  |  | $ | 77,030 |  |  | $ | 11,853 |  |  | $ | 109,314 |
Basic Earnings Per Share |  | $ | 0.82 |  |  | $ | 0.60 |  |  | $ | 0.09 |  |  | $ | 0.85 |
Diluted Earnings Per Share |  | $ | 0.82 |  |  | $ | 0.59 |  |  | $ | 0.09 |  |  | $ | 0.84 |
Dividends Per Share |  | $ | 0.350 |  |  | $ | 0.360 |  |  | $ | 0.360 |  |  | $ | 0.360 |
(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 |  | $ | 549,353 |  |  | $ | 493,731 |  |  | $ | 409,422 |  |  | $ | 635,814 |
Net Income Attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
RPM International Inc. Stockholders (b) |  | $ | 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 |
(a) | Reflects inventory-related charges of $28.8 million in our Consumer reportable segment resulting from SKU rationalization, excess and obsolescence, and exiting unprofitable product lines and regions and $3.2 million in our PCG segment resulting from the exit of unprofitable product lines and regions. Also reflects restructuring charges totaling $33.1 million that were incurred throughout fiscal 2020, as further described in Note B, “Restructuring”.
(b) | Reflects inventory-related charges of $10.5 million in our Consumer reportable segment resulting from more proactive management of inventory and $9.0 million and $1.0 million in inventory reductions related to restructuring activities in our PCG and CPG reportable segments, respectively. Also reflects restructuring charges totaling $42.3 million that were incurred throughout fiscal 2019, as further described in Note B, “Restructuring”.

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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=118952077&loc=d3e1280-108306 + Details
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