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RPM, INC. AND SUBSIDIARIES
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CONSOLIDATED STATEMENTS OF COMPUTATIONS OF EARNINGS
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PER COMMON SHARE AND COMMON SHARE EQUIVALENTS
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EXHIBIT 11.1
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(IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
Year Ended May 31
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2001 2000 1999
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NET INCOME
Net income applicable to common shares for basic
earnings per share $ 62,961 $ 40,992 $ 94,546
Add back interest net of tax on convertible
securities assumed to be converted 1,005
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Net income applicable to common shares for diluted
earnings $ 62,961 $ 40,992 $ 95,551
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SHARES OUTSTANDING
Weighted average shares for basic
earnings per share 102,202 107,221 108,731
Net issuable common share equivalents 10 163 567
Additional shares issuable assuming
conversion of convertible securities 2,078
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Total shares for diluted earnings per
share $ 102,212 $ 107,384 $ 111,376
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Basic Earnings Per Common Share $ .62 $ .38 $ .87
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Diluted Earnings Per Common Share $ .62 $ .38 $ .87
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