Earnings Per Share (Tables)

9 Months Ended

Feb. 28, 2019

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 from continuing operations using the two-class method for amounts attributable to Cintas’ common shares: 

	Three Months Ended				Nine Months Ended
Basic Earnings per Share from Continuing Operations (in thousands except per share data)	February 28, 2019		February 28, 2018		February 28, 2019		February 28, 2018
Income from continuing operations	$	200,923	$	295,789	$	656,464	$	594,634
Less: income from continuing operations allocated to participating securities	2,783		5,248		8,977		10,546
Income from continuing operations available to common shareholders	$	198,140	$	290,541	$	647,487	$	584,088
Basic weighted average common shares outstanding	105,080		106,558		106,147		106,210
Basic earnings per share from continuing operations	$	1.89	$	2.73	$	6.10	$	5.50

	Three Months Ended				Nine Months Ended
Diluted Earnings per Share from Continuing Operations (in thousands except per share data)	February 28, 2019		February 28, 2018		February 28, 2019		February 28, 2018
Income from continuing operations	$	200,923	$	295,789	$	656,464	$	594,634
Less: income from continuing operations allocated to participating securities	2,783		5,248		8,977		10,546
Income from continuing operations available to common shareholders	$	198,140	$	290,541	$	647,487	$	584,088
Basic weighted average common shares outstanding	105,080		106,558		106,147		106,210
Effect of dilutive securities – employee stock options	3,082		3,617		3,436		3,044
Diluted weighted average common shares outstanding	108,162		110,175		109,583		109,254
Diluted earnings per share from continuing operations	$	1.83	$	2.66	$	5.91	$	5.35

Summary of Buyback Activity by Program

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

(In thousands except per share data)	Three Months Ended February 28, 2019					Nine Months Ended February 28, 2019
Buyback Program	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
August 2, 2016	—	$	—	$	—	2,130	$	192.55	$	410,003
October 30, 2018	598	$	167.32	$	100,000	799	$	170.87	$	136,579
	598	$	167.32	$	100,000	2,929	$	186.63	$	546,582