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Earnings Per Share | 6 Months Ended
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Nov. 30, 2019
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE 12 — 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, 2019 and 2018. For the three and six months ended November 30, 2019, and the three months ended November 30, 2018, basic and diluted earnings per share was calculated using the two-class method. For the six months ended November 30, 2018, basic earnings per share was calculated using the 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) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Numerator for earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders |  | $ | 77,030 |  |  | $ | 49,224 |  |  | $ | 183,218 |  |  | $ | 118,988 |
Less: Allocation of earnings and dividends to participating securities |  |  | (548 | ) |  |  | (460 | ) |  |  | (1,167 | ) |  |  | (936 | )
Net income available to common shareholders - basic |  |  | 76,482 |  |  |  | 48,764 |  |  |  | 182,051 |  |  |  | 118,052 |
Add: Undistributed earnings reallocated to unvested shareholders |  |  | 1 |  |  |  | - |  |  |  | 3 |  |  |  | - |
Add: Allocation of earnings and dividends to participating securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 936 |
Net income available to common shareholders - diluted |  | $ | 76,483 |  |  | $ | 48,764 |  |  | $ | 182,054 |  |  | $ | 118,988 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 128,393 |  |  |  | 131,058 |  |  |  | 128,639 |  |  |  | 131,467 |
Average diluted options and awards |  |  | 686 |  |  |  | 609 |  |  |  | 655 |  |  |  | 1,811 |
Total shares for diluted earnings per share (1) |  |  | 129,079 |  |  |  | 131,667 |  |  |  | 129,294 |  |  |  | 133,278 |
Earnings Per Share of Common Stock Attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
RPM International Inc. Stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic Earnings Per Share of Common Stock |  | $ | 0.60 |  |  | $ | 0.37 |  |  | $ | 1.42 |  |  | $ | 0.90 |
Diluted Earnings Per Share of Common Stock |  | $ | 0.59 |  |  | $ | 0.37 |  |  | $ | 1.41 |  |  | $ | 0.89 |
(1) | Restricted shares totaling 178,000 for the six months ended November 30, 2019, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. There were no shares of restricted stock identified as being anti-dilutive for the three months ended November 30, 2019, or the three or six months ended November 30, 2018. Stock appreciation rights (SARs) totaling 790,000 for the six months ended November 30, 2019 and 480,000 and 890,000 for the three and six months ended November 30, 2018, respectively, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. There were no SARs identified as being anti-dilutive for the three months ended November 30, 2019.

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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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