Earnings Per Share (Tables)

3 Months Ended

Aug. 31, 2021

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 for the three months ending August 31:

Basic Earnings per Share (In thousands except per share data)	2021		2020
Net income	$	331,179	$	300,005
Less: income allocated to participating securities	1,765		2,173
Income available to common shareholders	$	329,414	$	297,832
Basic weighted average common shares outstanding	103,295		104,110
Basic earnings per share	$	3.19	$	2.86

Diluted Earnings per Share (In thousands except per share data)	2021		2020
Net income	$	331,179	$	300,005
Less: income allocated to participating securities	1,765		2,173
Income available to common shareholders	$	329,414	$	297,832
Basic weighted average common shares outstanding	103,295		104,110
Effect of dilutive securities – employee stock options	2,649		3,019
Diluted weighted average common shares outstanding	105,944		107,129
Diluted earnings per share	$	3.11	$	2.78

Buyback Activity by Program

The following tables summarize the share buyback activity by program for the three months ended August 31:

	2021					2020
Buyback Program (In thousands except per share data)	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
October 29, 2019	1,590	$	365.41	$	581,220	—	$	—	$	—
July 27, 2021	—	$	—	$	—	—	$	—	$	—
	1,590	$	365.41	$	581,220	—	$	—	$	—