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Earnings per Share (Tables)
12 Months Ended
May 31, 2013
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Cintas' common shares:
(In thousands except per share data)
2013
 
2012
 
2011
 
 
 
 
 
 
Basic Earnings per Share
 
 
 
 
 
Net income
$
315,442

 
$
297,637

 
$
246,989

Less dividends to:
 
 
 
 
 
Common shares
$
78,866

 
$
70,055

 
$
71,197

Unvested shares
878

 
765

 
615

Total dividends
$
79,744

 
$
70,820

 
$
71,812

 
 
 
 
 
 
Undistributed net income
$
235,698

 
$
226,817

 
$
175,177

Less: net income allocated to participating unvested securities
1,896

 
1,880

 
1,097

Net income available to common shareholders
$
233,802

 
$
224,937

 
$
174,080

Basic weighted average common shares outstanding
123,956

 
129,891

 
146,586

 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
Common shares — distributed earnings
$
0.64

 
$
0.54

 
$
0.49

Common shares — undistributed earnings
1.89

 
1.73

 
1.19

Total common shares
$
2.53

 
$
2.27

 
$
1.68

 
 
 
 
 
 
Unvested shares — distributed earnings
$
0.64

 
$
0.54

 
$
0.49

Unvested shares — undistributed earnings
1.89

 
1.73

 
1.19

Total unvested shares
$
2.53

 
$
2.27

 
$
1.68


(In thousands except per share data)
2013
 
2012
 
2011
 
 
 
 
 
 
Diluted Earnings per Share
 
 
 
 
 
Net income
$
315,442

 
$
297,637

 
$
246,989

Less dividends to:
 
 
 
 
 
Common shares
$
78,866

 
$
70,055

 
$
71,197

Unvested shares
878

 
765

 
615

Total dividends
$
79,744

 
$
70,820

 
$
71,812

 
 
 
 
 
 
Undistributed net income
$
235,698

 
$
226,817

 
$
175,177

Less: net income allocated to participating unvested securities
1,896

 
1,880

 
1,097

Net income available to common shareholders
$
233,802

 
$
224,937

 
$
174,080

Basic weighted average common shares outstanding
123,956

 
129,891

 
146,586

Effect of dilutive securities — employee stock options
575

 
142

 

Diluted weighted average common shares outstanding
124,531

 
130,033

 
146,586

 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
Common shares — distributed earnings
$
0.64

 
$
0.54

 
$
0.49

Common shares — undistributed earnings
1.88

 
1.73

 
1.19

Total common shares
$
2.52

 
$
2.27

 
$
1.68

 
 
 
 
 
 
Unvested shares — distributed earnings
$
0.64

 
$
0.54

 
$
0.49

Unvested shares — undistributed earnings
1.88

 
1.73

 
1.19

Total unvested shares
$
2.52

 
$
2.27

 
$
1.68