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Earnings Per Share | 9 Months Ended
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Feb. 28, 2022
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 for the three- and nine-month periods ended February 28, 2022 and 2021.
| Three Months Ended |  |  | Nine Months Ended |
| February 28, |  | February 28, |  |  | February 28, |  | February 28, |
(In thousands, except per share amounts) | 2022 |  | 2021 |  |  | 2022 |  | 2021 |
Numerator for earnings per share: |  |  |  |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders | $ | 33,019 |  | $ | 38,242 |  |  | $ | 292,476 |  | $ | 346,496 |
Less: Allocation of earnings and dividends to participating securities |  | (133 | ) |  | (185 | ) |  |  | (2,222 | ) |  | (2,740 | )
Net income available to common shareholders - basic |  | 32,886 |  |  | 38,057 |  |  |  | 290,254 |  |  | 343,756 |
Add: Undistributed earnings reallocated to unvested shareholders |  | - |  |  | - |  |  |  | - |  |  | 9 |
Reverse: Allocation of earnings and dividends to participating securities |  | 133 |  |  | 185 |  |  |  | 2,222 |  |  | - |
Net income available to common shareholders - diluted | $ | 33,019 |  | $ | 38,242 |  |  | $ | 292,476 |  | $ | 343,765 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  | 127,943 |  |  | 128,447 |  |  |  | 128,013 |  |  | 128,455 |
Average diluted options and awards |  | 1,759 |  |  | 1,502 |  |  |  | 1,609 |  |  | 597 |
Total shares for diluted earnings per share (1) |  | 129,702 |  |  | 129,949 |  |  |  | 129,622 |  |  | 129,052 |
Earnings Per Share of Common Stock Attributable to |  |  |  |  |  |  |  |  |
RPM International Inc. Stockholders: |  |  |  |  |  |  |  |  |
Basic Earnings Per Share of Common Stock | $ | 0.26 |  | $ | 0.30 |  |  | $ | 2.27 |  | $ | 2.68 |
Method used to calculate basic earnings per share | Two-class |  | Two-class |  |  | Two-class |  | Two-class |
Diluted Earnings Per Share of Common Stock | $ | 0.25 |  | $ | 0.29 |  |  | $ | 2.26 |  | $ | 2.66 |
Method used to calculate diluted earnings per share | Treasury |  | Treasury |  |  | Treasury |  | Two-class |
(1) For the three and nine months ended February 28, 2022, no restricted shares were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. For the three and nine months ended February 28, 2021, restricted shares totaling 225,500 and 231,450 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 320,000 and 655,000 for the three and nine months ended February 28, 2022, and 360,000 for both the three and nine months ended February 28, 2021, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive.

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