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

12 Months Ended

Aug. 31, 2013

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


*Asset Class*		*Estimated Useful Life*
Buildings		Up to 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,
	2013		2012		2011
Numerator:
Net income attributable to Jabil Circuit, Inc.	$	371,482	$	394,687	$	381,063

Denominator for basic and diluted earnings per share:
Weighted-average common shares outstanding		203,096		206,160		212,386
Share-based payment awards classified as participating securities		—		—		2,116

Denominator for basic earnings per share		203,096		206,160		214,502

Dilutive common shares issuable under the employee stock purchase plan and upon exercise of stock options and stock appreciation rights		33		315		872
Dilutive unvested restricted stock awards		4,686		4,706		5,345

Denominator for diluted earnings per share		207,815		211,181		220,719

Earnings per share: Income attributable to the stockholders of Jabil Circuit, Inc.:
Basic	$	1.83	$	1.91	$	1.78

Diluted	$	1.79	$	1.87	$	1.73

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


	August 31,
	2013			2012
Foreign currency translation adjustment	$	125,594		$	149,116
Unrecognized losses on derivative instruments, net of tax		(5,050	)		(7,153	)
Actuarial loss, net of tax		(40,258	)		(35,783	)
Prior service cost, net of tax		962			95

	$	81,248		$	106,275