Computation of Basic and Diluted Earnings Per Share |
The following tables set 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 | | Six Months Ended | Basic Earnings per Share from Continuing Operations (in thousands except per share data) | November 30, 2019 | | November 30, 2018 | | November 30, 2019 |
| November 30, 2018 | | | | | | | | | Income from continuing operations | $ | 246,443 |
| | $ | 242,994 |
| | $ | 497,255 |
| | $ | 455,541 |
| Less: income from continuing operations allocated to participating securities | 2,425 |
| | 3,376 |
| | 4,904 |
| | 6,308 |
| Income from continuing operations available to common shareholders | $ | 244,018 |
| | $ | 239,618 |
|
| $ | 492,351 |
|
| $ | 449,233 |
| Basic weighted average common shares outstanding | 103,959 |
| | 106,475 |
| | 103,638 |
| | 106,652 |
| | | | | | | | | Basic earnings per share from continuing operations | $ | 2.35 |
| | $ | 2.25 |
|
| $ | 4.75 |
| | $ | 4.21 |
|
| | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | Diluted Earnings per Share from Continuing Operations (in thousands except per share data) | November 30, 2019 | | November 30, 2018 | | November 30, 2019 | | November 30, 2018 | | | | | | | | | Income from continuing operations | $ | 246,443 |
| | $ | 242,994 |
| | $ | 497,255 |
| | $ | 455,541 |
| Less: income from continuing operations allocated to participating securities | 2,425 |
| | 3,376 |
| | 4,904 |
| | 6,308 |
| Income from continuing operations available to common shareholders | $ | 244,018 |
| | $ | 239,618 |
| | $ | 492,351 |
| | $ | 449,233 |
| Basic weighted average common shares outstanding | 103,959 |
| | 106,475 |
| | 103,638 |
| | 106,652 |
| Effect of dilutive securities – employee stock options | 3,376 |
| | 3,399 |
| | 3,476 |
| | 3,605 |
| Diluted weighted average common shares outstanding | 107,335 |
| | 109,874 |
| | 107,114 |
| | 110,257 |
| | | | | | | | | Diluted earnings per share from continuing operations | $ | 2.27 |
| | $ | 2.18 |
| | $ | 4.60 |
| | $ | 4.07 |
|
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