RPM INTERNATIONAL INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPUTATIONS OF EARNINGS
PER SHARE AND SHARE EQUIVALENTS
(Unaudited)
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, | |||||||||||||||
2006 | 2005 | 2006 | 2005 | |||||||||||||
Shares Outstanding | ||||||||||||||||
For computation of basic earnings per share of common stock | ||||||||||||||||
Weighted average shares | 117,501 | 116,626 | 117,600 | 116,710 | ||||||||||||
Total shares for basic earnings per share | 117,501 | 116,626 | 117,600 | 116,710 | ||||||||||||
For computation of diluted earnings per share of common stock | ||||||||||||||||
Net issuable common share equivalents | 2,845 | 2,740 | 3,040 | 2,798 | ||||||||||||
Additional shares issuable assuming conversion of convertible securities | 8,034 | 8,034 | 8,034 | 8,034 | ||||||||||||
Total shares for diluted earnings per share | 128,380 | 127,400 | 128,674 | 127,542 | ||||||||||||
Net Income | ||||||||||||||||
Net income applicable to shares of common stock for basic earnings per share | $ | 114,283 | $ | 68,488 | $ | 52,941 | $ | 18,527 | ||||||||
Add: Income effect of contingently issuable shares | 1,542 | 1,866 | 609 | 1,074 | ||||||||||||
Net income applicable to shares of common stock for diluted earnings per share | $ | 115,825 | $ | 70,354 | $ | 53,550 | $ | 19,601 | ||||||||
Basic Earnings Per Share of Common Stock | $ | 0.97 | $ | 0.59 | $ | 0.45 | $ | 0.16 | ||||||||
Diluted Earnings Per Share of Common Stock | $ | 0.90 | $ | 0.55 | $ | 0.42 | $ | 0.15 | ||||||||
The accompanying notes to consolidated financial statements are an integral part of these statements.