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)
NINE MONTHS ENDED THREE MONTHS ENDED
FEBRUARY 28, FEBRUARY 28,
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2003 2002 2003 2002
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SHARES OUTSTANDING
FOR COMPUTATION OF BASIC EARNINGS PER
SHARE OF COMMON STOCK
WEIGHTED AVERAGE SHARES 115,193 102,346 115,583 102,508
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TOTAL SHARES FOR BASIC EARNINGS
PER SHARE 115,193 102,346 115,583 102,508
FOR COMPUTATION OF DILUTED EARNINGS
PER SHARE OF COMMON STOCK
NET ISSUABLE COMMON SHARE EQUIVALENTS 829 511 538 1,212
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TOTAL SHARES FOR DILUTED EARNINGS
PER SHARE 116,022 102,857 116,121 103,720
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NET INCOME
NET INCOME APPLICABLE TO SHARES OF COMMON
STOCK FOR BASIC EARNINGS PER SHARE $ 78,696 $ 64,333 $ 4,883 $ 3,274
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NET INCOME APPLICABLE TO SHARES OF COMMON
STOCK FOR DILUTED EARNINGS PER SHARE $ 78,696 $ 64,333 $ 4,883 $ 3,274
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BASIC EARNINGS PER SHARE $ 0.68 $ 0.63 $ 0.04 $ 0.03
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DILUTED EARNINGS PER SHARE $ 0.68 $ 0.63 $ 0.04 $ 0.03
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THE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ARE AN INTEGRAL PART
OF THESE STATEMENTS.