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Earnings per Share (Tables) | 12 Months Ended
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May 31, 2020
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) | 2020 |  | 2019 |  | 2018
Income from continuing operations | $ | 876,360 |  |  | $ | 882,635 |  |  | $ | 783,932 |
Less: income from continuing operations allocated to participating securities | 8,158 |  |  | 9,568 |  |  | 11,794 |
Income from continuing operations available to common shareholders | $ | 868,202 |  |  | $ | 873,067 |  |  | $ | 772,138 |
Basic weighted average common shares outstanding | 103,816 |  |  | 106,080 |  |  | 106,593 |
Basic earnings per share from continuing operations | $ | 8.36 |  |  | $ | 8.23 |  |  | $ | 7.24 |
Diluted Earnings per Share from Continuing Operations (In thousands except per share data) | 2020 |  | 2019 |  | 2018
Income from continuing operations | $ | 876,360 |  |  | $ | 882,635 |  |  | $ | 783,932 |
Less: income from continuing operations allocated to participating securities | 8,158 |  |  | 9,568 |  |  | 11,794 |
Income from continuing operations available to common shareholders | $ | 868,202 |  |  | $ | 873,067 |  |  | $ | 772,138 |
Basic weighted average common shares outstanding | 103,816 |  |  | 106,080 |  |  | 106,593 |
Effect of dilutive securities – employee stock options | 3,196 |  |  | 3,415 |  |  | 3,217 |
Diluted weighted average common shares outstanding | 107,012 |  |  | 109,495 |  |  | 109,810 |
Diluted earnings per share from continuing operations | $ | 8.11 |  |  | $ | 7.97 |  |  | $ | 7.03 |
Summary of Buyback Activity by Program | The following table summarizes the buyback activity by program and fiscal year ended May 31:
| 2020 |  |  |  |  |  | 2019 |  |  |  |  |  | 2018 |  |  |  |
Buyback Program (In thousands except per share data) | Shares |  | Avg. Price per Share |  | Purchase Price |  | Shares |  | Avg. Price per Share |  | Purchase Price |  | Shares |  | Avg. Price per Share |  | Purchase Price
August 2, 2016 | — |  |  | $ | — |  |  | $ | — |  |  | 2,130 |  |  | $ | 192.55 |  |  | $ | 410,003 |  |  | 518 |  |  | $ | 173.51 |  |  | $ | 89,997 |
October 30, 2018 | 1,607 |  |  | $ | 246.19 |  |  | $ | 395,681 |  |  | 2,673 |  |  | $ | 203.30 |  |  | $ | 543,442 |  |  | — |  |  | $ | — |  |  | $ | — |
October 29, 2019 | — |  |  | $ | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | $ | — |
| 1,607 |  |  | $ | 246.19 |  |  | $ | 395,681 |  |  | 4,803 |  |  | $ | 198.53 |  |  | $ | 953,445 |  |  | 518 |  |  | $ | 173.51 |  |  | $ | 89,997 |

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