2011 Q2 Form 10-K Financial Statement

#000119312512316906 Filed on July 26, 2012

View on sec.gov

Income Statement

Concept 2011 Q2 2011 Q1 2010 Q4
Revenue $981.8M $678.9M $826.3M
YoY Change 1.06% 1.85% -3.76%
Cost Of Revenue $565.3M $409.4M $486.8M
YoY Change 2.22% 0.65% -1.74%
Gross Profit $416.4M $269.5M $339.5M
YoY Change -0.5% 3.73% -6.53%
Gross Profit Margin 42.42% 39.7% 41.08%
Selling, General & Admin $297.1M $255.9M $250.1M
YoY Change -3.32% -0.41% -7.33%
% of Gross Profit 71.35% 94.96% 73.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.30M $17.80M $18.50M
YoY Change -12.86% -15.24% -12.74%
% of Gross Profit 4.39% 6.6% 5.45%
Operating Expenses $296.9M $255.9M $250.1M
YoY Change -3.38% -0.41% -7.33%
Operating Profit $119.5M $13.59M $89.43M
YoY Change 7.49% 375.77% -4.21%
Interest Expense -$11.50M $16.50M $16.47M
YoY Change -14.18% 4.43% 12.24%
% of Operating Profit -9.62% 121.45% 18.42%
Other Income/Expense, Net
YoY Change
Pretax Income $107.9M $1.989M $77.27M
YoY Change 20.16% -117.9% -4.3%
Income Tax $34.40M $796.0K $23.77M
% Of Pretax Income 31.88% 40.02% 30.76%
Net Earnings $70.17M $1.097M $48.79M
YoY Change 15.99% -111.67% -12.71%
Net Earnings / Revenue 7.15% 0.16% 5.9%
Basic Earnings Per Share $0.54 $0.01 $0.38
Diluted Earnings Per Share $0.54 $0.01 $0.38
COMMON SHARES
Basic Shares Outstanding 131.1M shares 130.0M shares 130.0M shares
Diluted Shares Outstanding 129.4M shares 127.7M shares

Balance Sheet

Concept 2011 Q2 2011 Q1 2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $435.0M $275.5M $299.2M
YoY Change 101.95% 7.53% -17.78%
Cash & Equivalents $435.0M $275.5M $299.2M
Short-Term Investments
Other Short-Term Assets $257.0M $239.4M $214.7M
YoY Change 20.15% -10.3% -13.74%
Inventory $463.1M $473.0M $433.8M
Prepaid Expenses
Receivables $712.9M $543.9M $574.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.868B $1.532B $1.522B
YoY Change 28.81% 4.42% -6.62%
LONG-TERM ASSETS
Property, Plant & Equipment $390.0M $381.5M $378.1M
YoY Change 1.96% -14.27% -17.07%
Goodwill $831.5M $824.4M $794.1M
YoY Change 8.23%
Intangibles $312.9M $314.4M $309.5M
YoY Change 3.2%
Long-Term Investments
YoY Change
Other Assets $112.7M $103.8M $114.5M
YoY Change 12.75% -41.27% -28.94%
Total Long-Term Assets $1.257B $1.243B $1.218B
YoY Change 7.32% -33.57% -34.1%
TOTAL ASSETS
Total Short-Term Assets $1.868B $1.532B $1.522B
Total Long-Term Assets $1.257B $1.243B $1.218B
Total Assets $3.515B $3.156B $3.119B
YoY Change 17.01% -5.44% -10.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $358.8M $264.5M $274.3M
YoY Change 19.76% 14.82% 9.99%
Accrued Expenses $374.0M $337.2M $323.3M
YoY Change 14.16% 2.59% -3.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.500M $2.900M $2.700M
YoY Change -41.86% -47.27% -6.9%
Total Short-Term Liabilities $735.3M $604.7M $600.2M
YoY Change 16.44% -5.46% -9.55%
LONG-TERM LIABILITIES
Long-Term Debt $1.106B $932.8M $922.5M
YoY Change 19.69% 3.35% 2.13%
Other Long-Term Liabilities $224.0M $256.3M $255.8M
YoY Change -8.12% -54.14% -57.64%
Total Long-Term Liabilities $1.392B $1.244B $1.234B
YoY Change 14.95% -14.85% -18.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $735.3M $604.7M $600.2M
Total Long-Term Liabilities $1.392B $1.244B $1.234B
Total Liabilities $2.128B $1.849B $1.834B
YoY Change 15.46% -13.3% -16.63%
SHAREHOLDERS EQUITY
Retained Earnings $583.0M $540.3M $566.4M
YoY Change 16.01%
Common Stock $1.306M $1.304M $1.300M
YoY Change 0.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $62.50M $62.43M $61.59M
YoY Change 53.6%
Treasury Stock Shares
Shareholders Equity $1.263B $1.212B $1.187B
YoY Change
Total Liabilities & Shareholders Equity $3.515B $3.156B $3.119B
YoY Change 17.01% -5.44% -10.35%

Cashflow Statement

Concept 2011 Q2 2011 Q1 2010 Q4
OPERATING ACTIVITIES
Net Income $70.17M $1.097M $48.79M
YoY Change 15.99% -111.67% -12.71%
Depreciation, Depletion And Amortization $18.30M $17.80M $18.50M
YoY Change -12.86% -15.24% -12.74%
Cash From Operating Activities $47.20M $7.900M $142.0M
YoY Change 214.67% 88.1% 7.09%
INVESTING ACTIVITIES
Capital Expenditures -$18.10M -$6.400M -$12.00M
YoY Change 98.9% 10.34% 140.0%
Acquisitions
YoY Change
Other Investing Activities -$21.30M -$24.40M -$8.200M
YoY Change -29.24% -60.71% -3.53%
Cash From Investing Activities -$39.40M -$30.70M -$20.30M
YoY Change 0.25% -54.79% 50.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 145.5M -12.10M -47.40M
YoY Change -9800.0% -55.51% 111.61%
NET CHANGE
Cash From Operating Activities 47.20M 7.900M 142.0M
Cash From Investing Activities -39.40M -30.70M -20.30M
Cash From Financing Activities 145.5M -12.10M -47.40M
Net Change In Cash 153.3M -34.90M 74.30M
YoY Change -694.19% -61.61% -23.16%
FREE CASH FLOW
Cash From Operating Activities $47.20M $7.900M $142.0M
Capital Expenditures -$18.10M -$6.400M -$12.00M
Free Cash Flow $65.30M $14.30M $154.0M
YoY Change 170.95% 43.0% 11.92%

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CY2012Q2 us-gaap Preferred Stock Shares Authorized
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6525000
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CY2012Q2 us-gaap Goodwill
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192748000
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1500000
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1658000
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CY2012Q2 us-gaap Land
Land
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CY2012Q2 us-gaap Deferred Tax Assets Gross
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239784000
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3078000
CY2012Q2 us-gaap Inventory Finished Goods
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CY2012Q2 us-gaap Available For Sale Securities Current
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106500000
CY2012Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2012Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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27100000
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2012Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
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2796000
CY2012Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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12070000
CY2012Q2 us-gaap Common Stock Par Or Stated Value Per Share
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CY2012Q2 us-gaap Debtor In Possession Financing Amount Arranged
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CY2012Q2 us-gaap Additional Paid In Capital
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CY2012Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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42114000
CY2012Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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2600000
CY2012Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
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43772000
CY2012Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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26507000
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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610244 shares
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Current Assets Cash And Cash Equivalents
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12300000
CY2012Q2 us-gaap Deferred Tax Liabilities Noncurrent
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26326000
CY2012Q2 us-gaap Property Plant And Equipment Gross
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164617000
CY2012Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
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2369000
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Current Assets
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CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Intangible Assets Not Amortizable
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26986000
CY2012Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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632133000
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Property Plant And Equipment
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30096000
CY2012Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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46045000
CY2012Q2 us-gaap Debt Current
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CY2012Q2 us-gaap Preferred Stock Value
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CY2012Q2 us-gaap Preferred Stock Shares Issued
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709500000
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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12718000
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75200000
CY2012Q2 us-gaap Notional Amount Of Foreign Currency Derivatives
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125000000
CY2012Q2 us-gaap Notional Amount Of Foreign Currency Derivatives
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150000000
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
1183656000
CY2012Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
135741000 shares
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3078000
CY2012Q2 us-gaap Finite Lived Intangible Assets Gross
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196689000
CY2012Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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35960000
CY2012Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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5378000
CY2012Q2 us-gaap Property Plant And Equipment Net
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418832000
CY2012Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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0
CY2012Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
171075000
CY2012Q2 us-gaap Inventory Raw Materials And Supplies
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160869000
CY2012Q2 us-gaap Common Stock Shares Authorized
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300000000 shares
CY2012Q2 us-gaap Long Term Debt And Capital Lease Obligations
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1112952000
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due Current
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38034000
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Other Noncurrent Assets
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3066000
CY2012Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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25098000
CY2012Q2 us-gaap Long Term Debt
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CY2012Q2 us-gaap Accounts Payable Current
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391467000
CY2012Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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11787000
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1313983000
CY2012Q2 us-gaap Intangible Assets Net Excluding Goodwill
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345620000
CY2012Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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201300000
CY2012Q2 us-gaap Employee Related Liabilities Current
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166178000
CY2012Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3300000
CY2012Q2 us-gaap Long Term Debt Fair Value
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1232180000
CY2012Q2 rpm Available For Sale Securities Equity Securities Cost
AvailableForSaleSecuritiesEquitySecuritiesCost
83562000
CY2012Q2 rpm Total Other Assets
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1329851000
CY2012Q2 rpm Intangible Assets Gross Excluding Goodwill
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538368000
CY2012Q2 rpm Available For Sale Securities Debt Maturities Carrying Value
AvailableForSaleSecuritiesDebtMaturitiesCarryingValue
45598000
CY2012Q2 rpm Long Term Debt Carrying Amount
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1115536000
CY2012Q2 rpm Deferred Tax Assets Accrued Compensation And Benefits
DeferredTaxAssetsAccruedCompensationAndBenefits
113934000
CY2012Q2 rpm Deferred Tax Assets Deferred Credits And Other Liabilities
DeferredTaxAssetsDeferredCreditsAndOtherLiabilities
24931000
CY2012Q2 rpm Capital Loss Carryforwards
CapitalLossCarryforwards
19200000
CY2012Q2 rpm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingIntrinsicValue
3100000
CY2012Q2 rpm Operating Leases Future Minimum Payments Due Net
OperatingLeasesFutureMinimumPaymentsDueNet
154094000
CY2012Q2 rpm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestNumber
2200000 shares
CY2012Q2 rpm Number Of Operating Segments
NumberOfOperatingSegments
5 Segment
CY2012Q2 rpm Number Of Reportable Business Segments
NumberOfReportableBusinessSegments
2 Segment
CY2012Q2 rpm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestWeightedAverageGrantDateFairValue
19.53
CY2012Q2 rpm Percentage Of Indebtedness To Net Capital
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0.485 pure
CY2012Q2 rpm Buildings And Leasehold Improvements
BuildingsAndLeaseholdImprovements
291026000
CY2012Q2 rpm Long Lived Assets
LongLivedAssets
1748683000
CY2012Q2 rpm Available Liquidity
AvailableLiquidity
813100000
CY2012Q2 rpm Deferred Tax Liabilities Pension And Postretirement Benefits
DeferredTaxLiabilitiesPensionAndPostretirementBenefits
15824000
CY2012Q2 rpm Intangible Assets Accumulated Impairment
IntangibleAssetsAccumulatedImpairment
14900000
CY2012Q2 rpm Repurchase Of Common Stock Price Per Share Range
RepurchaseOfCommonStockPricePerShareRange
18.25
CY2012Q2 rpm Foreign Subsidiary Undistribuited Earnings Considered To Be Permanently Reinvested
ForeignSubsidiaryUndistribuitedEarningsConsideredToBePermanentlyReinvested
876800000
CY2012Q2 rpm Deferred Tax Liabilities Amortization Of Intangible Assets
DeferredTaxLiabilitiesAmortizationOfIntangibleAssets
109206000
CY2012Q2 rpm Deferred Tax Assets Net Operating Loss And Tax Credit Carryforwards
DeferredTaxAssetsNetOperatingLossAndTaxCreditCarryforwards
76740000
CY2012Q2 rpm Deferred Tax Assets Allowances For Receivables
DeferredTaxAssetsAllowancesForReceivables
8935000
CY2012Q2 rpm Number Of Right Declared As Dividend Distribution For Each Outstanding Share Of Common Stock
NumberOfRightDeclaredAsDividendDistributionForEachOutstandingShareOfCommonStock
1 Right
CY2012Q2 rpm Accrued Loss Reserves Current
AccruedLossReservesCurrent
54652000
CY2012Q2 rpm Accrued Loss Reserves Noncurrent
AccruedLossReservesNoncurrent
7959000
CY2010 us-gaap Gross Profit
GrossProfit
1435375000
CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3852000
CY2010 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2283000
CY2010 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14667000
CY2010 us-gaap Incremental Common Shares Attributable To Written Put Options
IncrementalCommonSharesAttributableToWrittenPutOptions
684000 shares
CY2010 us-gaap Lease Operating Expense
LeaseOperatingExpense
41800000
CY2010 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
-2913000
CY2010 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1090000
CY2010 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
2829000
CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
37651000
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-126953000
CY2010 us-gaap Investment Income Interest
InvestmentIncomeInterest
4035000
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17748000
CY2010 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
23209000
CY2010 us-gaap Cost Of Goods Sold
CostOfGoodsSold
1977341000
CY2010 us-gaap Income Taxes Paid
IncomeTaxesPaid
45090000
CY2010 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
260000
CY2010 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
2180000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.032 pure
CY2010 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
73985000
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
203936000
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1200000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
268454000
CY2010 us-gaap Undistributed Earnings
UndistributedEarnings
6000
CY2010 us-gaap Liability For Asbestos And Environmental Claims Net Claims Paid
LiabilityForAsbestosAndEnvironmentalClaimsNetClaimsPaid
92621000
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.39
CY2010 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
41581000
CY2010 us-gaap Depreciation
Depreciation
61823000
CY2010 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
756000
CY2010 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
105364000
CY2010 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4854000
CY2010 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1086000
CY2010 us-gaap Interest Expense
InterestExpense
59273000
CY2010 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
6211000
CY2010 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
32485000
CY2010 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
314059000
CY2010 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
6492000
CY2010 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
23241000
CY2010 us-gaap Legal Fees
LegalFees
42600000
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
300000
CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
12351000
CY2010 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
2745000
CY2010 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
177863000
CY2010 us-gaap Dividends Common Stock
DividendsCommonStock
105430000
CY2010 us-gaap Net Income Loss
NetIncomeLoss
180037000
CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8407000
CY2010 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
41300000
CY2010 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
32485000
CY2010 us-gaap Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
18568000
CY2010 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10030000
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1905000 shares
CY2010 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
1892000
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
200000
CY2010 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1235000
CY2010 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-6401000
CY2010 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
93972000
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
177857000
CY2010 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-51697000
CY2010 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
3028000
CY2010 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
24897000
CY2010 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.815
CY2010 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss
CY2010 us-gaap Investment Income Dividend
InvestmentIncomeDividend
1641000
CY2010 us-gaap Adjustment For Amortization
AdjustmentForAmortization
22430000
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.40
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3958000
CY2010 us-gaap Depreciation And Amortization
DepreciationAndAmortization
84253000
CY2010 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22200000
CY2010 us-gaap Sales Revenue Net
SalesRevenueNet
3412716000
CY2010 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1768000
CY2010 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
-7946000
CY2010 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3538000
CY2010 us-gaap Advertising Expense
AdvertisingExpense
39400000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
7.5 Year
CY2010 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
19638000
CY2010 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
53417000
CY2010 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1110102000
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
87327000
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-38032000
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127047000 shares
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-16386000
CY2010 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
42079000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.043 pure
CY2010 us-gaap Interest Paid
InterestPaid
53897000
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
54842000
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
93959000
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15059000
CY2010 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-5000
CY2010 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1560000
CY2010 us-gaap Payments Of Dividends
PaymentsOfDividends
105430000
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.325 pure
CY2010 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
46000
CY2010 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
7206000
CY2010 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
2991000
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127731000 shares
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-98629000
CY2010 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
18107000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.304 pure
CY2010 us-gaap Profit Loss
ProfitLoss
181127000
CY2010 rpm Increase Decrease In Prepaid Expense And Other Assets
IncreaseDecreaseInPrepaidExpenseAndOtherAssets
-2230000
CY2010 rpm Gain Loss On Securities Investments Net
GainLossOnSecuritiesInvestmentsNet
2160000
CY2010 rpm Net Investment Income And Other Income
NetInvestmentIncomeAndOtherIncome
7576000
CY2010 rpm Income Loss Before Interest Expense And Income Taxes
IncomeLossBeforeInterestExpenseAndIncomeTaxes
320151000
CY2010 rpm Payments For Asbestos Related Liabilities
PaymentsForAsbestosRelatedLiabilities
92621000
CY2010 rpm Increase Decrease In Accrued Loss Reserves
IncreaseDecreaseInAccruedLossReserves
-2705000
CY2010 rpm Reductions Of Long Term And Short Term Debt
ReductionsOfLongTermAndShortTermDebt
319642000
CY2010 rpm Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment And Other Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentAndOtherNetOfTax
-83454000
CY2010 rpm Other Nonoperating Income Expense Net
OtherNonoperatingIncomeExpenseNet
2824000
CY2010 rpm Change In Asbestos Related Liabilities Due To Deconsolidation
ChangeInAsbestosRelatedLiabilitiesDueToDeconsolidation
-397707000
CY2010 rpm Share Based Compensation Arrangement By Sharebased Payment Award All Equity Instruments Vested In Period Total Fair Value
ShareBasedCompensationArrangementBySharebasedPaymentAwardAllEquityInstrumentsVestedInPeriodTotalFairValue
7700000
CY2010 rpm Defined Benefit Plan Employer Matching Contributions
DefinedBenefitPlanEmployerMatchingContributions
10400000
CY2010 rpm Unrecognized Tax Benefit Settlements With Taxing Authorities
UnrecognizedTaxBenefitSettlementsWithTaxingAuthorities
1400000
CY2010 rpm Income Tax Reconciliation Effect Of Foreign Operations
IncomeTaxReconciliationEffectOfForeignOperations
32529000
CY2010 rpm Product Warranty Accrual Impact Of Deconsolidation
ProductWarrantyAccrualImpactOfDeconsolidation
3125000
CY2011 us-gaap Gross Profit
GrossProfit
1400867000
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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500000
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700000
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219656000
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127403000 shares
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29713000
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103141000
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71523000
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1148000
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1404000
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108585000
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30000
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19564000
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9675000
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15682000
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2397000
CY2011 rpm Business Acquisition Number Of Entities Acquired During Period
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6 Entity
CY2011 rpm Share Based Compensation Arrangement By Sharebased Payment Award All Equity Instruments Vested In Period Total Fair Value
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10800000
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10900000
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39932000
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CY2012 dei Document Fiscal Period Focus
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CY2012 dei Entity Voluntary Filers
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CY2012 dei Trading Symbol
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CY2012 dei Entity Registrant Name
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RPM INTERNATIONAL INC/DE/
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CY2012 dei Entity Filer Category
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CY2012 dei Document Fiscal Year Focus
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2012
CY2012 dei Document Type
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10-K
CY2012 dei Document Period End Date
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2012-05-31
CY2012 dei Entity Central Index Key
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0000110621
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Yes
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1542263000
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3991000
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1520000
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1604000
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4024000
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294872000
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500000
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17800000
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328289000
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2625000 shares
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2171000
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400000
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CY2012 us-gaap Common Stock Voting Rights
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The rights will expire May 11, 2019, unless earlier redeemed, exchanged or amended by the board. The new plan specifically provides that our board will review the status of the new plan at the end of five years to determine if any such action should be taken.
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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3200000
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1600000
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<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3) Use of Estimates</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management has evaluated subsequent events through the date the Consolidated Financial Statements were filed with the Securities and Exchange Commission.</font></p> </div>
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114901000
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1304000
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185000
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3162000
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3858000
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-117441000
CY2012 us-gaap Future Amortization Expense Year Four
FutureAmortizationExpenseYearFour
18500000
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
9353000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.295 pure
CY2012 us-gaap Profit Loss
ProfitLoss
233763000
CY2012 rpm Realized Losses On Investments
RealizedLossesOnInvestments
5000000
CY2012 rpm Realized Gain On Investments
RealizedGainOnInvestments
4100000
CY2012 rpm Increase Decrease In Prepaid Expense And Other Assets
IncreaseDecreaseInPrepaidExpenseAndOtherAssets
-17857000
CY2012 rpm Gain Loss On Securities Investments Net
GainLossOnSecuritiesInvestmentsNet
-862000
CY2012 rpm Net Investment Income And Other Income
NetInvestmentIncomeAndOtherIncome
4186000
CY2012 rpm Repurchase Of Common Stock Shares
RepurchaseOfCommonStockShares
164773 shares
CY2012 rpm Income Loss Before Interest Expense And Income Taxes
IncomeLossBeforeInterestExpenseAndIncomeTaxes
396148000
CY2012 rpm Dividend Payable Date Declared Day Month Year
DividendPayableDateDeclaredDayMonthYear
2009-05-11
CY2012 rpm Increase Decrease In Accrued Loss Reserves
IncreaseDecreaseInAccruedLossReserves
-4909000
CY2012 rpm Reductions Of Long Term And Short Term Debt
ReductionsOfLongTermAndShortTermDebt
36128000
CY2012 rpm Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment And Other Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentAndOtherNetOfTax
-211845000
CY2012 rpm Other Nonoperating Income Expense Net
OtherNonoperatingIncomeExpenseNet
9599000
CY2012 rpm Business Acquisition Number Of Entities Acquired During Period
BusinessAcquisitionNumberOfEntitiesAcquiredDuringPeriod
6 Entity
CY2012 rpm Tax Credit Carryforward Beginning Expiration Year
TaxCreditCarryforwardBeginningExpirationYear
2014
CY2012 rpm Share Based Compensation Arrangement By Sharebased Payment Award All Equity Instruments Vested In Period Total Fair Value
ShareBasedCompensationArrangementBySharebasedPaymentAwardAllEquityInstrumentsVestedInPeriodTotalFairValue
7000000
CY2012 rpm Equity Based Award Plan Expiration Date
EquityBasedAwardPlanExpirationDate
2019-05-11
CY2012 rpm Defined Benefit Plan Employer Matching Contributions
DefinedBenefitPlanEmployerMatchingContributions
11900000
CY2012 rpm Defined Benefit Plan Vesting Period
DefinedBenefitPlanVestingPeriod
P5Y
CY2012 rpm Adoption Date Of Stockholders Rights Plan
AdoptionDateOfStockholdersRightsPlan
2009-04-21
CY2012 rpm Unrecognized Tax Benefit Settlements With Taxing Authorities
UnrecognizedTaxBenefitSettlementsWithTaxingAuthorities
3200000
CY2012 rpm Increase Decrease In Valuation Allowance
IncreaseDecreaseInValuationAllowance
4800000
CY2012 rpm Rights Redemption Price Per Right
RightsRedemptionPricePerRight
0.001
CY2012 rpm Income Tax Reconciliation Effect Of Foreign Operations
IncomeTaxReconciliationEffectOfForeignOperations
32192000
CY2012 rpm Shares Repurchased Authorization Date
SharesRepurchasedAuthorizationDate
2008-01-08
CY2010Q3 us-gaap Net Income Loss
NetIncomeLoss
68996000
CY2010Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.205
CY2010Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2010Q3 us-gaap Sales Revenue Net
SalesRevenueNet
894810000
CY2011Q3 us-gaap Gross Profit
GrossProfit
409626000
CY2012 rpm Decrease In Foreign Tax Credit Carryforward
DecreaseInForeignTaxCreditCarryforward
5000000
CY2011Q1 us-gaap Gross Profit
GrossProfit
269518000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
1097000
CY2011Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.210
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2011Q1 us-gaap Sales Revenue Net
SalesRevenueNet
678920000
CY2010Q4 us-gaap Gross Profit
GrossProfit
339497000
CY2010Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2010Q4 us-gaap Net Income Loss
NetIncomeLoss
48791000
CY2010Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.210
CY2010Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2010Q4 us-gaap Sales Revenue Net
SalesRevenueNet
826343000
CY2011Q4 us-gaap Gross Profit
GrossProfit
369021000
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
49931000
CY2011Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.215
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2011Q4 us-gaap Sales Revenue Net
SalesRevenueNet
916085000
CY2012Q1 us-gaap Gross Profit
GrossProfit
303200000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
6625000
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.215
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
773643000
CY2010Q3 us-gaap Gross Profit
GrossProfit
375426000
CY2010Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
76811000
CY2011Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.210
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
985918000
CY2010Q2 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
-7900000
CY2011Q2 us-gaap Gross Profit
GrossProfit
416426000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
70174000
CY2011Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.210
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2011Q2 us-gaap Sales Revenue Net
SalesRevenueNet
981768000
CY2012Q2 us-gaap Gross Profit
GrossProfit
460416000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
82569000
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.215
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1101770000

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