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

12 Months Ended

Aug. 31, 2015

Description of Business and Summary of Significant Accounting Policies [Abstract]

Estimated Useful Lives for Major Classes of Depreciable Assets

	e. Property, Plant and Equipment, net
		Property, plant and equipment is capitalized at cost and depreciated using the straight-line depreciation method over the
estimated useful lives of the respective assets. 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	2 to 10 years
			Furniture, fixtures and office equipment	5 years
			Computer hardware and software	3 to 7 years
			Transportation equipment	3 years

Calculation of Basic and Diluted Earnings Per Share

	k. Earnings Per Share
		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,
			2015		2014		2013
Numerator:
Income (loss) from continuing operations, net of tax			$	294,185	$	(1,588)	$	319,483
Net income (loss) attributable to noncontrolling interests, net of tax				1,593		952		(1,391)
Income (loss) from continuing operations attributable to Jabil Circuit, Inc., net of tax			$	292,592	$	(2,540)	$	320,874
Discontinued operations attributable to Jabil Circuit, Inc., net of tax				(8,573)		243,853		50,608
Net income attributable to Jabil Circuit, Inc.			$	284,019	$	241,313	$	371,482
Denominator for basic and diluted earnings per share:
Denominator for basic earnings per share				193,689		202,497		203,096
Dilutive common shares issuable under the employee stock purchase plan
	and upon exercise of stock options and stock appreciation rights			159		―		33
Dilutive unvested restricted stock awards				2,157		―		4,686
Denominator for diluted earnings per share				196,005		202,497		207,815
Earnings per share attributable to the stockholders of Jabil Circuit, Inc.:
	Basic:
		Income (loss) from continuing operations, net of tax	$	1.51	$	(0.01)	$	1.58
		Discontinued operations, net of tax	$	(0.04)	$	1.20	$	0.25
		Net income	$	1.47	$	1.19	$	1.83
	Diluted:
		Income (loss) from continuing operations, net of tax	$	1.49	$	(0.01)	$	1.54
		Discontinued operations, net of tax	$	(0.04)	$	1.20	$	0.24
		Net income	$	1.45	$	1.19	$	1.79

Summary of Changes in AOCI

	o. Comprehensive Income
		Comprehensive income is the changes in equity of an enterprise except those resulting from stockholder transactions.
		The following table sets forth the changes in AOCI, net of tax, by component during the fiscal year ended August 31, 2015 (in
thousands):

			Foreign Currency Translation Adjustment		Derivative Instruments		Actuarial Loss		Prior Service Cost		Unrealized Loss on Available for Sale Securities		Total
Balance at August 31, 2014			$	123,411	$	4,572	$	(40,704)	$	1,196	$	(1,513)	$	86,962
	Other comprehensive (loss) income before
		reclassifications		(116,745)		(29,107)		8,357		5		(14,404)		(151,894)
	Amounts reclassified from AOCI			―		12,502		1,723		(147)		―		14,078
Other comprehensive (loss) income				(116,745)		(16,605)		10,080		(142)		(14,404)		(137,816)
Balance at August 31, 2015			$	6,666	$	(12,033)	$	(30,624)	$	1,054	$	(15,917)	$	(50,854)