Earnings per Share (Tables)

12 Months Ended

May. 31, 2015

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share For Continuing Operations

The following table sets forth the computation of basic and diluted earnings per share from continuing operations using the two-class method for amounts attributable to Cintas' common shares:

(In thousands except per share data)	2015		2014		2013
Basic Earnings per Share from Continuing Operations
Income from continuing operations	$	408,077	$	374,285	$	316,586
Less: income from continuing operations allocated to participating securities	3,877		3,450		2,547
Income from continuing operations available to common shareholders	$	404,200	$	370,835	$	314,039
Basic weighted average common shares outstanding	115,900		120,377		123,956
Basic earnings per share from continuing operations	$	3.49	$	3.08	$	2.54

(In thousands except per share data)	2015		2014		2013
Diluted Earnings per Share from Continuing Operations
Income from continuing operations	$	408,077	$	374,285	$	316,586
Less: income from continuing operations allocated to participating securities	3,877		3,450		2,547
Income from continuing operations available to common shareholders	$	404,200	$	370,835	$	314,039
Basic weighted average common shares outstanding	115,900		120,377		123,956
Effect of dilutive securities – employee stock options & awards	1,643		1,263		575
Diluted weighted average common shares outstanding	117,543		121,640		124,531
Diluted earnings per share from continuing operations	$	3.44	$	3.05	$	2.53

Summary of Buyback Activity by Program

The following table summarizes the buyback activity by program and fiscal year:

(In thousands except per share data)	2015					2014
Buyback Program	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
October 18, 2011	—	$	—	$	—	3,324	$	48.87	$	162,460
July 30, 2013	3,981	$	75.49	$	300,500	3,341	$	59.72	$	199,500
January 13, 2015	2,870	$	82.60	$	237,072	—	$	—	$	—
	6,851	$	78.47	537,572		6,665	$	54.31	$	361,960