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Earnings per Share (Tables) | 12 Months Ended
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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 |

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