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Earnings Per Share | 3 Months Ended
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Aug. 31, 2023
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 ("EPS") for the three-month periods ended August 31, 2023 and 2022.
| Three Months Ended |
| August 31, |  | August 31, |
(In thousands, except per share amounts) | 2023 |  | 2022 |
Numerator for earnings per share: |  |  |  |
Net income attributable to RPM International Inc. stockholders | $ | 201,082 |  | $ | 169,013 |
Less: Allocation of earnings and dividends to participating securities |  | (872 | ) |  | (1,312 | )
Net income available to common shareholders - basic |  | 200,210 |  |  | 167,701 |
Reverse: Allocation of earnings and dividends to participating securities |  | 872 |  |  | - |
Add: Undistributed earnings reallocated to unvested shareholders |  | - |  |  | 4 |
Net income available to common shareholders - diluted | $ | 201,082 |  | $ | 167,705 |
Denominator for basic and diluted earnings per share: |  |  |  |
Basic weighted average common shares |  | 127,633 |  |  | 127,617 |
Average diluted options and awards |  | 1,138 |  |  | 544 |
Total shares for diluted earnings per share (1) |  | 128,771 |  |  | 128,161 |
Earnings Per Share of Common Stock Attributable to |  |  |  |
RPM International Inc. Stockholders: |  |  |  |
Basic Earnings Per Share of Common Stock | $ | 1.57 |  | $ | 1.31 |
Method used to calculate basic earnings per share | Two-class |  | Two-class |
Diluted Earnings Per Share of Common Stock | $ | 1.56 |  | $ | 1.31 |
Method used to calculate diluted earnings per share | Treasury |  | Two-class |
(1) For the three months ended August 31, 2023 and 2022, approximately 1,037,000 and 715,000 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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