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Earnings Per Share (Tables)
6 Months Ended
Nov. 30, 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.
Three Months EndedSix Months Ended
Basic Earnings per Share
(In thousands except per share data)
November 30, 2021November 30, 2020November 30, 2021November 30, 2020
Net income$294,669 $284,857 $625,848 $584,862 
Less: income allocated to participating
   securities
1,495 2,015 3,179 4,153 
Income available to common shareholders$293,174 $282,842 $622,669 $580,709 
Basic weighted average common shares outstanding
103,646 104,999 103,463 104,546 
Basic earnings per share$2.83 $2.69 $6.02 $5.55 
Three Months EndedSix Months Ended
Diluted Earnings per Share
(In thousands except per share data)
November 30, 2021November 30, 2020November 30, 2021November 30, 2020
Net income$294,669 $284,857 $625,848 $584,862 
Less: income allocated to participating securities1,495 2,015 3,179 4,153 
Income available to common shareholders$293,174 $282,842 $622,669 $580,709 
Basic weighted average common shares outstanding
103,646 104,999 103,463 104,546 
Effect of dilutive securities – employee stock options
2,476 2,982 2,563 3,010 
Diluted weighted average common shares outstanding
106,122 107,981 106,026 107,556 
Diluted earnings per share$2.76 $2.62 $5.87 $5.40 
Buyback Activity by Program The following table summarizes the share buyback activity by program for the six months ended November 30:
20212020
Buyback Program
(In thousands except per share data)
SharesAvg. Price
per Share
Purchase
Price
SharesAvg. Price
per Share
Purchase
Price
October 29, 20191,590 $365.41 $581,220 — $— $— 
July 27, 2021— $— $— — $— $— 
1,590 $365.41 $581,220 — $— $—