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Earnings Per Share | 9 Months Ended
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Feb. 29, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE 14 — 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- and nine-month periods ended February 29, 2024 and February 28, 2023.
| Three Months Ended |  |  | Nine Months Ended |
| February 29, |  | February 28, |  |  | February 29, |  | February 28, |
(In thousands, except per share amounts) | 2024 |  | 2023 |  |  | 2024 |  | 2023 |
Numerator for earnings per share: |  |  |  |  |  |  |  |  |
Net income attributable to RPM International Inc. stockholders | $ | 61,199 |  | $ | 26,974 |  |  | $ | 407,786 |  | $ | 327,331 |
Less: Allocation of earnings and dividends to participating securities |  | (279 | ) |  | (274 | ) |  |  | (1,840 | ) |  | (1,593 | )
Net income available to common shareholders - basic |  | 60,920 |  |  | 26,700 |  |  |  | 405,946 |  |  | 325,738 |
Reverse: Allocation of earnings and dividends to participating securities |  | - |  |  | - |  |  |  | - |  |  | 1,593 |
Add: Undistributed earnings reallocated to unvested shareholders |  | - |  |  | - |  |  |  | 5 |  |  | - |
Net income available to common shareholders - diluted | $ | 60,920 |  | $ | 26,700 |  |  | $ | 405,951 |  | $ | 327,331 |
Denominator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  | 127,781 |  |  | 127,495 |  |  |  | 127,803 |  |  | 127,564 |
Average diluted options and awards |  | 553 |  |  | 540 |  |  |  | 512 |  |  | 1,225 |
Total shares for diluted earnings per share (1) |  | 128,334 |  |  | 128,035 |  |  |  | 128,315 |  |  | 128,789 |
Earnings Per Share of Common Stock Attributable to |  |  |  |  |  |  |  |  |
RPM International Inc. Stockholders: |  |  |  |  |  |  |  |  |
Basic Earnings Per Share of Common Stock | $ | 0.48 |  | $ | 0.21 |  |  | $ | 3.18 |  | $ | 2.55 |
Method used to calculate basic earnings per share | Two-class |  | Two-class |  |  | Two-class |  | Two-class |
Diluted Earnings Per Share of Common Stock | $ | 0.47 |  | $ | 0.21 |  |  | $ | 3.16 |  | $ | 2.54 |
Method used to calculate diluted earnings per share | Two-class |  | Two-class |  |  | Two-class |  | Treasury |
(1) For the three and nine months ended February 29, 2024, approximately 300,000 and 250,000 shares of stock granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the three and nine months ended February 28, 2023, approximately 680,000 shares of stock 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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