Earnings Per Share and Dividends

9 Months Ended

May 31, 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				Nine months ended
			May 31,		May 31,		May 31,		May 31,
			2016		2015		2016		2015
Numerator:
Income from continuing operations, net of tax			$	5,839	$	72,257	$	216,187	$	203,172
Net income attributable to noncontrolling interests, net of tax				626		221		159		756
Income from continuing operations attributable to
	Jabil Circuit, Inc., net of tax			5,213		72,036		216,028		202,416
Discontinued operations attributable to Jabil Circuit, Inc., net of tax				―		167		―		(6,099)
Net income attributable to Jabil Circuit, Inc.			$	5,213	$	72,203	$	216,028	$	196,317
Denominator for basic and diluted earnings per share:
Denominator for basic earnings per share				191,206		193,785		190,841		193,617
Dilutive common shares issuable under the employee stock purchase plan
	and upon exercise of stock options and stock appreciation rights			31		221		130		95
Dilutive unvested restricted stock awards				1,832		2,298		2,087		2,081
Denominator for diluted earnings per share				193,069		196,304		193,058		195,793
Earnings per share attributable to the stockholders of Jabil Circuit, Inc.
	Basic:
		Income from continuing operations, net of tax	$	0.03	$	0.37	$	1.13	$	1.05
		Discontinued operations, net of tax	$	0.00	$	0.00	$	0.00	$	(0.03)
		Net income	$	0.03	$	0.37	$	1.13	$	1.01
	Diluted:
		Income from continuing operations, net of tax	$	0.03	$	0.37	$	1.12	$	1.03
		Discontinued operations, net of tax	$	0.00	$	0.00	$	0.00	$	(0.03)
		Net income	$	0.03	$	0.37	$	1.12	$	1.00

For the three months and nine months endedMay 31,2016, 2,124,084 and 2,454,562stock appreciation rights, respectively, were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive. For the nine months endedMay 31,2015, options to purchase 290,881shares 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 31,2015,2,514,276and 2,707,912stock 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 nine months ended May 31,2016 and 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
	April 21, 2016		0.08		15,940	May 16, 2016	June 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
	April 15, 2015		0.08		15,988	May 15, 2015	June 1, 2015