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Earnings per Share (Tables) | 12 Months Ended
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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 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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