Earnings Per Share (Tables)

6 Months Ended

Nov. 30, 2015

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 from continuing operations using the two-class method for amounts attributable to Cintas’ common shares: 

	Three Months Ended				Six Months Ended
(In thousands except per share data)	November 30, 2015		November 30, 2014		November 30, 2015		November 30, 2014
Basic Earnings per Share from Continuing Operations
Income from continuing operations	$	115,453	$	103,701	$	221,651	$	209,606
Less: income from continuing operations allocated to participating securities	1,887		1,342		3,629		1,933
Income from continuing operations available to common shareholders	$	113,566	$	102,359	$	218,022	$	207,673
Basic weighted average common shares outstanding	108,301		117,115		109,455		116,887
Basic earnings per share from continuing operations	$	1.05	$	0.88	$	1.99	$	1.78

	Three Months Ended				Six Months Ended
(In thousands except per share data)	November 30, 2015		November 30, 2014		November 30, 2015		November 30, 2014
Diluted Earnings per Share from Continuing Operations
Income from continuing operations	$	115,453	$	103,701	$	221,651	$	209,606
Less: income from continuing operations allocated to participating securities	1,887		1,342		3,629		1,933
Income from continuing operations available to common shareholders	$	113,566	$	102,359	$	218,022	$	207,673
Basic weighted average common shares outstanding	108,301		117,115		109,455		116,887
Effect of dilutive securities – employee stock options	1,812		1,540		1,685		1,447
Diluted weighted average common shares outstanding	110,113		118,655		111,140		118,334
Diluted earnings per share from continuing operations	$	1.03	$	0.86	$	1.96	$	1.75

Summary of Share Buyback Program

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

(In thousands except per share data)	Three Months Ended  November 30, 2015					Six Months Ended  November 30, 2015
Buyback Program	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
January 13, 2015	713	$	84.74	$	60,409	3,078	$	85.44	$	262,937
August 4, 2015	1,396	$	85.94	$	119,981	1,396	$	85.94	$	119,981
	2,109	$	85.53	$	180,390	4,474	$	85.59	$	382,918