Earnings Per Share and Dividends

3 Months Ended

Nov. 30, 2016

Earnings Per Share and Dividends [Abstract]

Earnings Per Share and Dividends

2. 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, 2016		November 30, 2015
Numerator:
Net income attributable to Jabil Circuit, Inc.		$	88,027	$	131,885
Denominator for basic and diluted earnings per share:
Denominator for basic earnings per share			185,292		190,355
Dilutive common shares issuable under the employee stock purchase plan
	and upon exercise of stock options and stock appreciation rights		178		155
Dilutive unvested restricted stock awards			2,386		2,733
Denominator for diluted earnings per share			187,856		193,243
Earnings per share attributable to the stockholders of Jabil Circuit, Inc.:
	Basic	$	0.48	$	0.69
	Diluted	$	0.47	$	0.68

For the three months endedNovember 30,2016 and 2015, options to purchase1,406,490 and 2,019,750 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 30,2016 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 2017:	October 20, 2016	$	0.08	$	15,248	November 15, 2016	December 1, 2016
Fiscal Year 2016:	October 14, 2015	$	0.08	$	15,906	November 16, 2015	December 1, 2015