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 outstanding during the period. 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				Nine months ended
	May 31, 2013		May 31, 2012		May 31, 2013		May 31, 2012
Numerator:
Net income attributable to Jabil Circuit, Inc.	$	50,083	$	101,320	$	244,463	$	311,890

Denominator for basic and diluted earnings per share:
Denominator for basic earnings per share		202,648		206,298		203,142		206,326

Dilutive common shares issuable under the employee stock purchase plan and upon exercise of stock options and stock appreciation rights		6		363		28		347
Dilutive unvested restricted stock awards		4,915		4,880		4,370		5,076

Denominator for diluted earnings per share		207,569		211,541		207,540		211,749

Earnings per share:
Income attributable to the stockholders of Jabil Circuit, Inc.:
Basic	$	0.25	$	0.49	$	1.20	$	1.51

Diluted	$	0.24	$	0.48	$	1.18	$	1.47

For the three months and nine months ended May 31, 2013 options to purchase 3,635,940 and 3,690,457 shares of common stock, respectively, and 4,462,101 and 4,537,415 stock appreciation rights, respectively, were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive. For the three months and nine months ended May 31, 2012 options to purchase 3,787,050 and 3,948,097 shares of common stock, respectively, and 3,322,518 and 4,962,489 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 nine months ended May 31, 2013 and 2012:


	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 2013:	October 16, 2012	$0.08	$16,962	November 15, 2012	December 3, 2012
	January 23, 2013	$0.08	$16,990	February 15, 2013	March 1, 2013
	April 15, 2013	$0.08	$16,994	May 15, 2013	June 3, 2013

Fiscal year 2012:	October 20, 2011	$0.08	$17,379	November 15, 2011	December 1, 2011
	January 25, 2012	$0.08	$17,323	February 16, 2012	March 1, 2012
	April 19, 2012	$0.08	$17,281	May 15, 2012	June 1, 2012