Earnings per Share (Tables)

12 Months Ended

May 31, 2019

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 for the fiscal years ended May 31:

Basic Earnings per Share from Continuing Operations (In thousands except per share data)	2019		2018		2017
Income from continuing operations	$	882,635	$	783,932	$	457,286
Less: income from continuing operations allocated to     participating securities	9,568		11,794		8,168
Income from continuing operations available to common shareholders	$	873,067	$	772,138	$	449,118
Basic weighted average common shares outstanding	106,080		106,593		104,964
Basic earnings per share from continuing operations	$	8.23	$	7.24	$	4.27

Diluted Earnings per Share from Continuing Operations (In thousands except per share data)	2019		2018		2017
Income from continuing operations	$	882,635	$	783,932	$	457,286
Less: income from continuing operations allocated to    participating securities	9,568		11,794		8,168
Income from continuing operations available to common    shareholders	$	873,067	$	772,138	$	449,118
Basic weighted average common shares outstanding	106,080		106,593		104,964
Effect of dilutive securities – employee stock options	3,415		3,217		2,819
Diluted weighted average common shares outstanding	109,495		109,810		107,783
Diluted earnings per share from continuing operations	$	7.97	$	7.03	$	4.17

Summary of Buyback Activity by Program

The following table summarizes the buyback activity by program and fiscal year ended May 31:

(In thousands except per share data)	2019					2018					2017
Buyback Program	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
August 4, 2015	—	$	—	$	—	—	$	—	$	—	39	$	94.09	$	3,691
August 2, 2016	2,130	$	192.55	$	410,003	518	$	173.51	$	89,997	—	$	—	$	—
October 30, 2018	2,673	$	203.30	$	543,442	—	$	—	$	—	—	$	—	$	—
	4,803	$	198.53	$	953,445	518	$	173.51	$	89,997	39	$	94.09	$	3,691