Earnings per Share (Tables)

12 Months Ended

May 31, 2017

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)	2017		2016		2015
Basic Earnings per Share from Continuing Operations
Income from continuing operations	$	457,286	$	448,605	$	402,553
Less: income from continuing operations allocated to     participating securities	8,168		7,131		3,771
Income from continuing operations available to common shareholders	$	449,118	$	441,474	$	398,782
Basic weighted average common shares outstanding	104,964		108,221		115,900
Basic earnings per share from continuing operations	$	4.27	$	4.08	$	3.44

(In thousands except per share data)	2017		2016		2015
Diluted Earnings per Share from Continuing Operations
Income from continuing operations	$	457,286	$	448,605	$	402,553
Less: income from continuing operations allocated to    participating securities	8,168		7,131		3,771
Income from continuing operations available to common shareholders	$	449,118	$	441,474	$	398,782
Basic weighted average common shares outstanding	104,964		108,221		115,900
Effect of dilutive securities – employee stock options	2,819		1,735		1,643
Diluted weighted average common shares outstanding	107,783		109,956		117,543
Diluted earnings per share from continuing operations	$	4.17	$	4.02	$	3.39

Summary of Buyback Activity by Program

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

(In thousands except per share data)	2017					2016					2015
Buyback Program	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
July 30, 2013	—	$	—	$	—	—	$	—	$	—	3,981	$	75.49	$	300,500
January 13, 2015	—	$	—	$	—	3,078	$	85.44	$	262,928	2,870	$	82.60	$	237,072
August 4, 2015	39	$	94.09	$	3,691	5,649	$	87.85	$	496,309	—	$	—	$	—
August 6, 2016	—	$	—	$	—	—	$	—	$	—	—	$	—	$	—
	39	$	94.09	$	3,691	8,727	$	87.00	$	759,237	6,851	$	78.47	$	537,572