Earnings per Share (Tables)

12 Months Ended

May 31, 2014

Earnings Per Share [Abstract]

Computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Cintas' common shares:

(In thousands except per share data)	2014		2013		2012
Basic Earnings per Share
Net income	$	374,442	$	315,442	$	297,637
Less: net income allocated to participating securities	3,452		1,896		1,880
Net income allocated to common shareholders	$	370,990	$	313,546	$	295,757
Basic weighted average common shares outstanding	120,377		123,956		129,891
Basic earnings per share	$	3.08	$	2.53	$	2.27

(In thousands except per share data)	2014		2013		2012
Diluted Earnings per Share
Net income	$	374,442	$	315,442	$	297,637
Less: net income allocated to participating securities	3,452		1,896		1,880
Net income allocated to common shareholders	$	370,990	$	313,546	$	295,757
Basic weighted average common shares outstanding	120,377		123,956		129,891
Effect of dilutive securities — employee stock options	1,263		575		142
Diluted weighted average common shares outstanding	121,640		124,531		130,033
Diluted earnings per share	$	3.05	$	2.52	$	2.27

Summary of share buyback activity by program

The following table summarizes the buyback activity by program and fiscal year:

(In thousands except per share data)	2014					2013
Buyback Program	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
October 18, 2011	3,324	$	48.87	$	162,460	5,075	$	40.97	$	207,932
July 30, 2013	3,341	$	59.72	$	199,500	—	$	—	$	—
	6,665	$	54.31	$	361,960	5,075	$	40.97	$	207,932