Earnings Per Share And Dividends

3 Months Ended

Nov. 30, 2011

Earnings Per Share And Dividends [Abstract]

Earnings Per Share And Dividends

2. Earnings Per Share and Dividends

a. Earnings Per Share

The Company calculates its basic earnings per share by dividing net income attributable to Jabil Circuit, Inc. by the weighted average number of common shares and participating securities, to the extent applicable, outstanding during the period. In periods of a net loss, participating securities are not included in the basic loss per share calculation as such participating securities are not contractually obligated to fund losses. The Company's diluted earnings per share is calculated in a similar manner, but includes the effect of dilutive securities. To the extent these securities are anti-dilutive, they are excluded from the calculation of diluted earnings per share. The following table sets forth the calculations of basic and diluted earnings per share attributable to the stockholders of Jabil Circuit, Inc. (in thousands, except earnings per share data):

	Three months ended
	November 30, 2011		November 30, 2010
Numerator:
Net income attributable to Jabil Circuit, Inc.	$	112,872	$	106,677
Denominator for basic and diluted earnings per share:
Weighted-average common shares outstanding		205,388		211,474
Share-based payment awards classified as participating securities		—		2,921
Denominator for basic earnings per share		205,388		214,395
Dilutive common shares issuable under the employee stock purchase plan and upon exercise of stock options and stock appreciation rights		395		533
Dilutive unvested restricted stock awards		4,154		2,477
Denominator for diluted earnings per share		209,937		217,405
Earnings per share:
Income attributable to the stockholders of Jabil Circuit, Inc.:
Basic	$	0.55	$	0.50
Diluted	$	0.54	$	0.49

For the three months ended November 30, 2011 and 2010, options to purchase 3,978,791 and 5,948,410 shares of common stock and 5,182,114 and 5,442,658 stock appreciation rights, respectively, were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive.

b. Dividends

The following table sets forth certain information relating to the Company's cash dividends declared to common stockholders of the Company during the three months ended November 30, 2011 and 2010:

	Dividend Declaration Date	Dividend per Share		Total Cash Dividends Declared		Date of Record for Dividend Payment	Dividend Cash Payment Date
		(in thousands, except for per share data)
Fiscal year 2012:	October 20, 2011	$	0.08	$	17,379	November 15, 2011	December 1, 2011
Fiscal year 2011:	October 21, 2010	$	0.07	$	15,563	November 15, 2010	December 1, 2010