Earnings Per Share (Tables)

9 Months Ended

Feb. 28, 2021

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following tables set forth the computation of basic and diluted earnings per share 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, 2021		February 29, 2020		February 28, 2021		February 29, 2020
Income from continuing operations	$	258,384	$	234,520	$	843,246	$	731,775
Less: income from continuing operations allocated to participating securities	1,894		2,193		5,908		6,864
Income from continuing operations available to common shareholders	$	256,490	$	232,327	$	837,338	$	724,911
Basic weighted average common shares outstanding	105,264		104,245		104,782		103,840
Basic earnings per share from continuing operations	$	2.44	$	2.23	$	7.99	$	6.98

	Three Months Ended				Nine Months Ended
Diluted Earnings per Share from Continuing Operations (in thousands except per share data)	February 28, 2021		February 29, 2020		February 28, 2021		February 29, 2020
Income from continuing operations	$	258,384	$	234,520	$	843,246	$	731,775
Less: income from continuing operations allocated to participating securities	1,894		2,193		5,908		6,864
Income from continuing operations available to common shareholders	$	256,490	$	232,327	$	837,338	$	724,911
Basic weighted average common shares outstanding	105,264		104,245		104,782		103,840
Effect of dilutive securities – employee stock options	2,732		3,343		2,914		3,440
Diluted weighted average common shares outstanding	107,996		107,588		107,696		107,280
Diluted earnings per share from continuing operations	$	2.37	$	2.16	$	7.78	$	6.76

Buyback Activity by Program

The following tables summarize the share buyback activity by program and fiscal period:

	Three Months Ended					Nine Months Ended
	February 28, 2021					February 28, 2021
Buyback Program (In thousands except per share data)	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
October 30, 2018	190	$	319.88	$	60,877	190	$	319.88	$	60,877
October 29, 2019	66	$	321.51	$	21,080	66	$	321.51	$	21,080
	256	$	320.30	$	81,957	256	$	320.30	$	81,957

	Three Months Ended					Nine Months Ended
	February 29, 2020					February 29, 2020
Buyback Program (In thousands except per share data)	Shares	Avg. Price per Share		Purchase Price		Shares	Avg. Price per Share		Purchase Price
October 30, 2018	—	$	—	$	—	837	$	230.66	$	193,109
October 29, 2019	—	$	—	$	—	—	$	—	$	—
	—	$	—	$	—	837	$	230.66	$	193,109