Earnings Per Share and Dividends

9 Months Ended

May. 31, 2015

Earnings Per Share and Dividends [Abstract]

Earnings Per Share and Dividends

3. EarningsPer 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,		May 31,		May 31,		May 31,
			2015		2014		2015		2014
Numerator:
Income (loss) from continuing operations, net of tax			$	72,257	$	(52,888)	$	203,172	$	16,800
Net income attributable to noncontrolling interests, net of tax				221		53		756		347
Income (loss) from continuing operations attributable to
	Jabil Circuit, Inc., net of tax			72,036		(52,941)		202,416		16,453
Discontinued operations attributable to Jabil Circuit, Inc., net of tax				167		241,196		(6,099)		251,057
Net income attributable to Jabil Circuit, Inc.			$	72,203	$	188,255	$	196,317	$	267,510
Denominator for basic and diluted earnings per share:
Denominator for basic earnings per share				193,785		202,008		193,617		203,995
Dilutive common shares issuable under the employee stock purchase plan
	and upon exercise of stock options and stock appreciation rights			221		―		95		96
Dilutive unvested restricted stock awards				2,298		―		2,081		1,608
Denominator for diluted earnings per share				196,304		202,008		195,793		205,699
Earnings per share attributable to the stockholders of Jabil Circuit, Inc.
	Basic:
		Income (loss) from continuing operations, net of tax	$	0.37	$	(0.26)	$	1.05	$	0.08
		Discontinued operations, net of tax	$	―	$	1.19	$	(0.03)	$	1.23
		Net income	$	0.37	$	0.93	$	1.01	$	1.31
	Diluted:
		Income (loss) from continuing operations, net of tax	$	0.37	$	(0.26)	$	1.03	$	0.08
		Discontinued operations, net of tax	$	―	$	1.19	$	(0.03)	$	1.22
		Net income	$	0.37	$	0.93	$	1.00	$	1.30

For thenine monthsendedMay 31,2015, options to purchase 290,881 shares of common stockwere excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive. For the three months and nine months endedMay 31,2015, 2,514,276 and 2,707,912stock appreciation rights, respectively, were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive.

No potential common shares relating to outstanding stock awards have been included in the computation of diluted earnings per share as a result of the Company’s loss from continuing operations attributable to Jabil Circuit, Inc., net of tax for the three months ended May 31, 2014. The Company accordingly excluded from the computation of diluted earnings per share 3,445,503 restricted stock awards, options to purchase 1,603,274 shares of common stock and 3,899,167 stock appreciation rights for the three months ended May 31, 2014. For the nine months ended May 31,2014, options to purchase 1,971,901 shares of common stock and 4,112,812 stock appreciation rights 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 31,2015 and 2014 (in thousands, except for per share data):

				Total of Cash
	Dividend	Dividend		Dividends		Date of Record for	Dividend Cash
	Declaration Date	per Share		Declared		Dividend Payment	Payment Date
Fiscal Year 2015:	October 16, 2014	$	0.08	$	15,973	November 14, 2014	December 1, 2014
	January 21, 2015		0.08		16,020	February 13, 2015	March 2, 2015
	April 15, 2015		0.08		15,988	May 15, 2015	June 1, 2015
Fiscal Year 2014:	October 17, 2013	$	0.08	$	17,221	November 15, 2013	December 2, 2013
	January 22, 2014		0.08		16,976	February 14, 2014	March 3, 2014
	April 17, 2014		0.08		16,686	May 15, 2014	June 2, 2014