Earnings Per Share and Dividends

6 Months Ended

Feb. 29, 2016

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				Six months ended
			February 29,		February 28,		February 29,		February 28,
			2016		2015		2016		2015
Numerator:
Income from continuing operations, net of tax			$	78,433	$	57,782	$	210,348	$	130,915
Net (loss) income attributable to noncontrolling interests, net of tax				(497)		321		(467)		535
Income from continuing operations attributable to
	Jabil Circuit, Inc., net of tax			78,930		57,461		210,815		130,380
Discontinued operations attributable to Jabil Circuit, Inc., net of tax				―		(5,509)		―		(6,266)
Net income attributable to Jabil Circuit, Inc.			$	78,930	$	51,952	$	210,815	$	124,114
Denominator for basic and diluted earnings per share:
Denominator for basic earnings per share				190,957		193,561		190,656		193,531
Dilutive common shares issuable under the employee stock purchase plan
	and upon exercise of stock options and stock appreciation rights			109		99		141		70
Dilutive unvested restricted stock awards				2,228		1,813		2,632		1,933
Denominator for diluted earnings per share				193,294		195,473		193,429		195,534
Earnings per share attributable to the stockholders of Jabil Circuit, Inc.
	Basic:
		Income from continuing operations, net of tax	$	0.41	$	0.30	$	1.11	$	0.67
		Discontinued operations, net of tax	$	0.00	$	(0.03)	$	0.00	$	(0.03)
		Net income	$	0.41	$	0.27	$	1.11	$	0.64
	Diluted:
		Income from continuing operations, net of tax	$	0.41	$	0.29	$	1.09	$	0.67
		Discontinued operations, net of tax	$	0.00	$	(0.03)	$	0.00	$	(0.03)
		Net income	$	0.41	$	0.27	$	1.09	$	0.63

For the three months and six months endedFebruary 29,2016, options to purchase 2,157,753 and 1,823,162stock 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 six months endedFebruary 28,2015, options to purchase 3,889and 438,731shares of common stock, respectively, and 3,662,024and 3,712,421stock 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 six months ended February 29,2016 and February 28,2015 (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
	January 21, 2016		0.08		15,947	February 16, 2016	March 1, 2016
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