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Earnings Per Share (Tables) | 6 Months Ended
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Nov. 30, 2020
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, 2020 and 2019.
|  | Three Months Ended |  |  | Six Months Ended |
|  | November 30, |  |  | November 30, |  |  | November 30, |  |  | November 30, |
(In thousands, except per share amounts) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Numerator for earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders |  | $ | 127,659 |  |  | $ | 77,030 |  |  | $ | 308,254 |  |  | $ | 183,218 |
Less: Allocation of earnings and dividends to participating securities |  |  | (1,130 | ) |  |  | (548 | ) |  |  | (2,517 | ) |  |  | (1,167 | )
Net income available to common shareholders - basic |  |  | 126,529 |  |  |  | 76,482 |  |  |  | 305,737 |  |  |  | 182,051 |
Add: Undistributed earnings reallocated to unvested shareholders |  |  | 4 |  |  |  | 1 |  |  |  | 9 |  |  |  | 3 |
Net income available to common shareholders - diluted |  | $ | 126,533 |  |  | $ | 76,483 |  |  | $ | 305,746 |  |  | $ | 182,054 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 128,500 |  |  |  | 128,393 |  |  |  | 128,459 |  |  |  | 128,639 |
Average diluted options and awards |  |  | 590 |  |  |  | 686 |  |  |  | 619 |  |  |  | 655 |
Total shares for diluted earnings per share (1) |  |  | 129,090 |  |  |  | 129,079 |  |  |  | 129,078 |  |  |  | 129,294 |
Earnings Per Share of Common Stock Attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
RPM International Inc. Stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic Earnings Per Share of Common Stock |  | $ | 0.98 |  |  | $ | 0.60 |  |  | $ | 2.38 |  |  | $ | 1.42 |
Method used to calculate basic earnings per share |  | Two-class |  |  | Two-class |  |  | Two-class |  |  | Two-class |
Diluted Earnings Per Share of Common Stock |  | $ | 0.98 |  |  | $ | 0.59 |  |  | $ | 2.37 |  |  | $ | 1.41 |
Method used to calculate diluted earnings per share |  | Two-class |  |  | Two-class |  |  | Two-class |  |  | Two-class |
(1) | Restricted shares totaling 225,500 and 339,550 for the three and six months ended November 30, 2020, respectively and 178,000 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. In addition, stock appreciation rights (“SARs”) totaling 360,000 and for the three and six months ended November 30, 2020, respectively, and 790,000 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 SARs identified as being anti-dilutive for the three months ended November 30, 2019.

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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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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