Description of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Aug. 31, 2012

Estimated useful lives for major classes of depreciable assets are as follows:


Asset Class		Estimated Useful Life
Buildings		35 years
Leasehold improvements		Shorter of lease term or useful life of the improvement
Machinery and equipment		5 to 10 years
Furniture, fixtures and office equipment		5 years
Computer hardware and software		3 to 7 years
Transportation equipment		3 years

The following table sets forth the calculation of basic and diluted earnings per share (in thousands, except per share data).


	Fiscal Year Ended August 31,
	2012		2011		2010
Numerator:
Net income attributable to Jabil Circuit, Inc	$	394,687	$	381,063	$	168,840

Denominator for basic and diluted earnings per share:
Weighted-average common shares outstanding		206,160		212,386		209,418
Share-based payment awards classified as participating securities		—		2,116		4,914

Denominator for basic earnings per share		206,160		214,502		214,332

Dilutive common shares issuable under the employee stock purchase plan and upon exercise of stock options and stock appreciation rights		315		872		215
Dilutive unvested restricted stock awards		4,706		5,345		3,050

Denominator for diluted earnings per share		211,181		220,719		217,597

Earnings per share: Income attributable to the stockholders of Jabil Circuit, Inc.:
Basic	$	1.91	$	1.78	$	0.79

Diluted	$	1.87	$	1.73	$	0.78

Accumulated other comprehensive income consists of the following (in thousands):


	August 31,
	2012			2011
Foreign currency translation adjustment	$	149,116		$	228,439
Unrecognized gains (losses) on derivative instruments, net of tax		(7,153	)		(11,172	)
Actuarial loss, net of tax		(35,783	)		(22,689	)
Prior service cost, net of tax		95			128

	$	106,275		$	194,706