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Earnings Per Share | 12 Months Ended
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May 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE L — EARNINGS PER SHARE The following table sets forth the reconciliation of the numerator and denominator of basic and diluted earnings per share for the years ended May 31, 2023, 2022 and 2021:
Year Ended May 31, |  | 2023 |  |  | 2022 |  |  | 2021 |
(In thousands, except per share amounts) |  |  |  |  |  |  |  |  |
Numerator for earnings per share: |  |  |  |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders |  | $ | 478,691 |  |  | $ | 491,481 |  |  | $ | 502,643 |
Less: Allocation of earnings and dividends to participating securities |  |  | (2,156 | ) |  |  | (3,924 | ) |  |  | (4,018 | )
Net income available to common shareholders - basic |  |  | 476,535 |  |  |  | 487,557 |  |  |  | 498,625 |
Reverse: Allocation of earnings and dividends to participating securities |  |  | 2,156 |  |  |  | 3,924 |  |  |  | - |
Add: Undistributed earnings reallocated to unvested shareholders |  |  | - |  |  |  | - |  |  |  | 13 |
Net income available to common shareholders - diluted |  | $ | 478,691 |  |  | $ | 491,481 |  |  | $ | 498,638 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 127,507 |  |  |  | 127,948 |  |  |  | 128,334 |
Average diluted options and awards |  |  | 1,309 |  |  |  | 1,632 |  |  |  | 593 |
Total shares for diluted earnings per share (1) |  |  | 128,816 |  |  |  | 129,580 |  |  |  | 128,927 |
Earnings Per Share of Common Stock Attributable to |  |  |  |  |  |  |  |  |
RPM International Inc. Stockholders: |  |  |  |  |  |  |  |  |
Basic Earnings Per Share of Common Stock |  | $ | 3.74 |  |  | $ | 3.81 |  |  | $ | 3.89 |
Method used to calculate basic earnings per share |  | Two-Class |  |  | Two-Class |  |  | Two-Class |
Diluted Earnings Per Share of Common Stock |  | $ | 3.72 |  |  | $ | 3.79 |  |  | $ | 3.87 |
Method used to calculate diluted earnings per share |  | Treasury |  |  | Treasury |  |  | Two-Class |
(1) For the years ended May 31, 2023, 2022 and 2021, approximately 750,000, 655,000 and 362,016 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

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