Earnings per Share (Tables)

12 Months Ended

May 31, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share For Continuing Operations

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:

(In thousands except per share data)	2016		2015		2014
Basic Earnings per Share from Continuing Operations
Income from continuing operations	$	456,941	$	410,521	$	337,772
Less: income from continuing operations allocated to     participating securities	7,405		3,900		3,082
Income from continuing operations available to common shareholders	$	449,536	$	406,621	$	334,690
Basic weighted average common shares outstanding	108,221		115,900		120,377
Basic earnings per share from continuing operations	$	4.15	$	3.51	$	2.78

(In thousands except per share data)	2016		2015		2014
Diluted Earnings per Share from Continuing Operations
Income from continuing operations	$	456,941	$	410,521	$	337,772
Less: income from continuing operations allocated to    participating securities	7,405		3,900		3,082
Income from continuing operations available to common shareholders	$	449,536	$	406,621	$	334,690
Basic weighted average common shares outstanding	108,221		115,900		120,377
Effect of dilutive securities – employee stock options	1,735		1,643		1,263
Diluted weighted average common shares outstanding	109,956		117,543		121,640
Diluted earnings per share from continuing operations	$	4.09	$	3.46	$	2.75

Summary of Buyback Activity by Program

On August 4, 2015, we announced that the Board of Directors authorized a new $500.0 million share buyback program. The following table summarizes the buyback activity by program and fiscal period:

(In thousands except per share data)	2016					2015
Buyback Program	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
July 30, 2013	—	$	—	$	—	3,981	$	75.49	$	300,500
January 13, 2015	3,078	$	85.44	$	262,928	2,870	$	82.60	$	237,072
August 4, 2015	5,649	$	87.85	$	496,309	—	$	—	$	—
	8,727	$	87.00	$	759,237	6,851	$	78.47	$	537,572