Earnings Per Share (Tables)

9 Months Ended

Feb. 28, 2014

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: 

	Three Months Ended				Nine Months Ended
(In thousands except per share data)	February 28, 2014		February 28, 2013		February 28, 2014		February 28, 2013
Basic Earnings per Share
Net income	$	84,602	$	74,705	$	247,218	$	229,465
Less dividends to:
Common shares	$	—	$	—	$	92,244	$	78,866
Unvested shares	—		—		1,070		878
Total dividends	$	—	$	—	$	93,314	$	79,744
Undistributed net income	$	84,602	$	74,705	$	153,904	$	149,721
Less: net income allocated to    participating unvested securities	685		517		1,237		1,048
Net income available to common    shareholders	$	83,917	$	74,188	$	152,667	$	148,673
Basic weighted average common shares outstanding	119,913		123,120		120,658		124,483
Basic earnings per common share:
Common shares - distributed earnings	$	0.00	$	0.00	$	0.77	$	0.64
Common shares - undistributed earnings	0.70		0.60		1.27		1.20
Total common shares	$	0.70	$	0.60	$	2.04	$	1.84
Unvested shares - distributed earnings	$	0.00	$	0.00	$	0.77	$	0.64
Unvested shares - undistributed earnings	0.70		0.60		1.27		1.20
Total unvested shares	$	0.70	$	0.60	$	2.04	$	1.84

	Three Months Ended				Nine Months Ended
(In thousands except per share data)	February 28, 2014		February 28, 2013		February 28, 2014		February 28, 2013
Diluted Earnings per Share
Net income	$	84,602	$	74,705	$	247,218	$	229,465
Less dividends to:
Common shares	$	—	$	—	$	92,244	$	78,866
Unvested shares	—		—		1,070		878
Total dividends	$	—	$	—	$	93,314	$	79,744
Undistributed net income	$	84,602	$	74,705	$	153,904	$	149,721
Less: net income allocated to participating unvested securities	685		517		1,237		1,048
Net income available to common    shareholders	$	83,917	$	74,188	$	152,667	$	148,673
Basic weighted average common shares outstanding	119,913		123,120		120,658		124,483
Effect of dilutive securities – employee stock options	1,367		637		1,156		418
Diluted weighted average common shares outstanding	121,280		123,757		121,814		124,901
Diluted earnings per share:
Common shares - distributed earnings	$	0.00	$	0.00	$	0.77	$	0.64
Common shares - undistributed earnings	0.69		0.60		1.25		1.19
Total common shares	$	0.69	$	0.60	$	2.02	$	1.83
Unvested shares - distributed earnings	$	0.00	$	0.00	$	0.77	$	0.64
Unvested shares - undistributed earnings	0.69		0.60		1.25		1.19
Total unvested shares	$	0.69	$	0.60	$	2.02	$	1.83