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Earnings Per Share | 3 Months Ended
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Aug. 31, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE 11 — 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-month periods ended August 31, 2021 and 2020.
|  | Three Months Ended |
|  | August 31, |  |  | August 31, |
(In thousands, except per share amounts) |  | 2021 |  |  | 2020 |
Numerator for earnings per share: |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders |  | $ | 134,582 |  |  | $ | 180,595 |
Less: Allocation of earnings and dividends to participating securities |  |  | (1,142 | ) |  |  | (1,552 | )
Net income available to common shareholders - basic |  |  | 133,440 |  |  |  | 179,043 |
Add: Undistributed earnings reallocated to unvested shareholders |  |  | 4 |  |  |  | 4 |
Net income available to common shareholders - diluted |  | $ | 133,444 |  |  | $ | 179,047 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |
Basic weighted average common shares |  |  | 128,083 |  |  |  | 128,418 |
Average diluted options and awards |  |  | 487 |  |  |  | 365 |
Total shares for diluted earnings per share (1) |  |  | 128,570 |  |  |  | 128,783 |
Earnings Per Share of Common Stock Attributable to |  |  |  |  |  |
RPM International Inc. Stockholders: |  |  |  |  |  |
Basic Earnings Per Share of Common Stock |  | $ | 1.04 |  |  | $ | 1.39 |
Method used to calculate basic earnings per share |  | Two-class |  |  | Two-class |
Diluted Earnings Per Share of Common Stock |  | $ | 1.04 |  |  | $ | 1.39 |
Method used to calculate diluted earnings per share |  | Two-class |  |  | Two-class |
(1) Restricted shares totaling 157,700 and 225,500 for the three months ended August 31, 2021 and 2020, 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 680,000 and 360,000 for the three months ended August 31, 2021 and 2020, respectively, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive.

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