Earnings Per Share and Dividends

3 Months Ended

Nov. 30, 2015

Earnings Per Share and Dividends [Abstract]

Earnings Per Share and Dividends

3. 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
			November 30, 2015		November 30, 2014
Numerator:
Income from continuing operations, net of tax			$	131,915	$	73,134
Net income attributable to noncontrolling interests, net of tax				30		214
Income from continuing operations attributable to Jabil Circuit, Inc., net of tax				131,885		72,920
Discontinued operations attributable to Jabil Circuit, Inc., net of tax				―		(758)
Net income attributable to Jabil Circuit, Inc.			$	131,885	$	72,162
Denominator for basic and diluted earnings per share:
Denominator for basic earnings per share				190,355		193,502
Dilutive common shares issuable under the employee stock purchase plan
	and upon exercise of stock options and stock appreciation rights			155		55
Dilutive unvested restricted stock awards				2,733		1,757
Denominator for diluted earnings per share				193,243		195,314
Earnings per share attributable to the stockholders of Jabil Circuit, Inc.:
	Basic:
		Income from continuing operations, net of tax	$	0.69	$	0.38
		Discontinued operations, net of tax	$	0.00	$	0.00
		Net income	$	0.69	$	0.37
	Diluted:
		Income from continuing operations, net of tax	$	0.68	$	0.37
		Discontinued operations, net of tax	$	0.00	$	0.00
		Net income	$	0.68	$	0.37

For the three months endedNovember 30,2015and 2014,options to purchase0and868,795 shares of common stock and 2,019,750and 3,776,602 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 three months ended November 30,2015 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 2016:	October 14, 2015	$	0.08	$	15,906	November 16, 2015	December 1, 2015
Fiscal Year 2015:	October 16, 2014	$	0.08	$	15,973	November 14, 2014	December 1, 2014