Earnings Per Share (Tables)

6 Months Ended

Nov. 30, 2024

Earnings Per Share [Abstract]

Schedule of 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 (in each case as adjusted to reflect the Stock Split):

	Three Months Ended				Six Months Ended
Basic Earnings per Share (In thousands except per share data)	November 30, 2024		November 30, 2023		November 30, 2024		November 30, 2023
Net income	$	448,495	$	374,613	$	900,528	$	759,698
Less: net income allocated to participating securities	1,585		1,460		3,182		2,957
Net income available to common shareholders	$	446,910	$	373,153	$	897,346	$	756,741
Basic weighted average common shares outstanding	403,581		406,669		403,489		407,125
Basic earnings per share	$	1.11	$	0.92	$	2.22	$	1.86

	Three Months Ended				Six Months Ended
Diluted Earnings per Share (In thousands except per share data)	November 30, 2024		November 30, 2023		November 30, 2024		November 30, 2023
Net income	$	448,495	$	374,613	$	900,528	$	759,698
Less: net income allocated to participating securities	1,585		1,460		3,182		2,957
Net income available to common shareholders	$	446,910	$	373,153	$	897,346	$	756,741
Basic weighted average common shares outstanding	403,581		406,669		403,489		407,125
Effect of dilutive securities – employee stock options	7,086		6,397		7,124		6,548
Diluted weighted average common shares outstanding	410,667		413,066		410,613		413,673
Diluted earnings per share	$	1.09	$	0.90	$	2.19	$	1.83

Schedule of Buyback Activity by Program

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

	Three Months Ended					Six Months Ended
	November 30, 2024					November 30, 2024
Buyback Activity (In thousands except per share data)	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
July 27, 2021	—	$	—	$	—	—	$	—	$	—
July 26, 2022	—	—		—		2,732	173.40		473,617
July 23, 2024	—	—		—		—	—		—
	—	$	—	$	—	2,732	$	173.40	$	473,617
Shares acquired for taxes due (1)	174	$	211.44	$	36,716	918	$	193.79	$	177,901
Total repurchase of Cintas common stock				$	36,716				$	651,518
	Three Months Ended					Six Months Ended
	November 30, 2023					November 30, 2023
Buyback Activity (In thousands except per share data)	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
July 27, 2021	2,633	$	121.64	$	320,266	2,633	$	121.64	$	320,266
July 26, 2022	—	—		—		—	—		—
July 23, 2024	—	—		—		—	—		—
	2,633	$	121.64	$	320,266	2,633	$	121.64	$	320,266
Shares acquired for taxes due (1)	228	$	129.69	$	29,586	810	$	126.89	$	102,862
Total repurchase of Cintas common stock				$	349,852				$	423,128

(1) Shares of Cintas common stock acquired for employee payroll taxes due on options exercised and vested restricted stock awards.

The following table summarizes Cintas' non-cash share buyback activity:

	Three Months Ended					Six Months Ended
	November 30, 2024					November 30, 2024
(In thousands except per share data)	Shares	Avg. Price per Share		Non-Cash Value		Shares	Avg. Price per Share		Non-Cash Value
Non-cash transaction activity	122	$	210.76	$	25,829	529	$	193.79	$	102,653
	Three Months Ended					Six Months Ended
	November 30, 2023					November 30, 2023
	Shares	Avg. Price per Share		Non-Cash Value		Shares	Avg. Price per Share		Non-Cash Value
Non-cash transaction activity	273	$	128.69	$	35,087	745	$	126.71	$	94,300