XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Earnings Per Share (Tables) | 6 Months Ended
--- | ---
Nov. 30, 2018
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share | 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:
| Three Months Ended |  | Six Months Ended
Basic Earnings per Share from Continuing Operations (in thousands except per share data) | November 30, 2018 |  | November 30, 2017 |  | November 30, 2018 |  | November 30, 2017
Income from continuing operations | $ | 242,994 |  |  | $ | 137,737 |  |  | $ | 455,541 |  |  | $ | 298,845 |
Less: income from continuing operations allocated to participating securities | 3,376 |  |  | 2,111 |  |  | 6,308 |  |  | 5,298 |
Income from continuing operations available to common shareholders | $ | 239,618 |  |  | $ | 135,626 |  |  | $ | 449,233 |  |  | $ | 293,547 |
Basic weighted average common shares outstanding | 106,475 |  |  | 106,340 |  |  | 106,652 |  |  | 106,039 |
Basic earnings per share from continuing operations | $ | 2.25 |  |  | $ | 1.27 |  |  | $ | 4.21 |  |  | $ | 2.77 |
| Three Months Ended |  | Six Months Ended
Diluted Earnings per Share from Continuing Operations (in thousands except per share data) | November 30, 2018 |  | November 30, 2017 |  | November 30, 2018 |  | November 30, 2017
Income from continuing operations | $ | 242,994 |  |  | $ | 137,737 |  |  | $ | 455,541 |  |  | $ | 298,845 |
Less: income from continuing operations allocated to participating securities | 3,376 |  |  | 2,111 |  |  | 6,308 |  |  | 5,298 |
Income from continuing operations available to common shareholders | $ | 239,618 |  |  | $ | 135,626 |  |  | $ | 449,233 |  |  | $ | 293,547 |
Basic weighted average common shares outstanding | 106,475 |  |  | 106,340 |  |  | 106,652 |  |  | 106,039 |
Effect of dilutive securities – employee stock options | 3,399 |  |  | 3,478 |  |  | 3,605 |  |  | 2,899 |
Diluted weighted average common shares outstanding | 109,874 |  |  | 109,818 |  |  | 110,257 |  |  | 108,938 |
Diluted earnings per share from continuing operations | $ | 2.18 |  |  | $ | 1.24 |  |  | $ | 4.07 |  |  | $ | 2.69 |
Summary of Buyback Activity by Program | The following table summarizes the buyback activity by program and fiscal period.
(In thousands except per share data) | Three Months Ended November 30, 2018 |  | Six Months Ended November 30, 2018
Buyback Program | Shares |  | Avg. Price per Share |  | Purchase Price |  | Shares |  | Avg. Price per Share |  | Purchase Price
August 2, 2016 | 1,740 |  |  | $ | 190.66 |  |  | $ | 331,547 |  |  | 2,130 |  |  | $ | 192.55 |  |  | $ | 410,003 |
October 30, 2018 | 201 |  |  | $ | 181.41 |  |  | $ | 36,579 |  |  | 201 |  |  | $ | 181.41 |  |  | $ | 36,579 |
| 1,941 |  |  | $ | 189.69 |  |  | $ | 368,126 |  |  | 2,331 |  |  | $ | 191.58 |  |  | $ | 446,582 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration