RPM International (RPM) 10-Q 2006 Q2 Quarterly report

RPM INTERNATIONAL INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPUTATIONS OF EARNINGS
PER SHARE AND SHARE EQUIVALENTS
(Unaudited)

Exhibit 11.1

(In thousands, except per share amounts)

	Six Months Ended				Three Months Ended
	November 30,				November 30,
	2005		2004		2005		2004
Shares Outstanding
For computation of basic earnings per share of common stock
Weighted average shares		116,626		116,413		116,710		116,659
Total shares for basic earnings per share		116,626		116,413		116,710		116,659
For computation of diluted earnings per share of common stock
Net issuable common share equivalents		2,740		1,272		2,798		1,625
Additional shares issuable assuming conversion of convertible securities		8,034		8,034		8,034		8,034
Total shares for diluted earnings per share		127,400		125,719		127,542		126,318
Net Income
Net income applicable to shares of common stock for basic earnings per share	$	68,488	$	63,598	$	18,527	$	9,112
Add: Income effect of contingently issuable shares		1,866		1,578		1,074		800
Net income applicable to shares of common stock for diluted earnings per share	$	70,354	$	65,176	$	19,601	$	9,912
Basic Earnings Per Share	$	0.59	$	0.55	$	0.16	$	0.08
Diluted Earnings Per Share	$	0.55	$	0.52	$	0.15	$	0.08

The accompanying notes to consolidated financial statements are an integral part of these statements.