Earnings Per Share (Tables)

3 Months Ended

Aug. 31, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following tables set forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Cintas’ common shares.

	Three Months Ended
Basic Earnings per Share (in thousands except per share data)	August 31, 2020		August 31, 2019
Net income	$	300,005	$	250,812
Less: income allocated to participating securities	2,173		2,016
Income available to common shareholders	$	297,832	$	248,796
Basic weighted average common shares outstanding	104,110		103,543
Basic earnings per share	$	2.86	$	2.40

	Three Months Ended
Diluted Earnings per Share (in thousands except per share data)	August 31, 2020		August 31, 2019
Net income	$	300,005	$	250,812
Less: income allocated to participating securities	2,173		2,016
Income available to common shareholders	$	297,832	$	248,796
Basic weighted average common shares outstanding	104,110		103,543
Effect of dilutive securities – employee stock options	3,019		3,540
Diluted weighted average common shares outstanding	107,129		107,083
Diluted earnings per share	$	2.78	$	2.32

Buyback Activity by Program

The following table summarizes the buyback activity by program and for the three months ended August 31:

	2020					2019
Buyback Program (In thousands except per share data)	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
October 30, 2018	—	$	—	$	—	837	$	230.66	$	193,109
October 29, 2019	—	$	—	$	—	—	$	—	$	—
	—	$	—	$	—	837	$	230.66	$	193,109