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Earnings per Share (Tables)

12 Months Ended

May 31, 2022

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share For Continuing Operations

The following tables set 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)			2022						2021						2020
Income from continuing operations			$	1,235,757					$	1,110,968					$	876,360
Less: income from continuing operations allocated to     participating securities			6,132						7,623						8,158
Income from continuing operations available to common    shareholders			$	1,229,625					$	1,103,345					$	868,202
Basic weighted average common shares outstanding			103,172						104,874						103,816
Basic earnings per share from continuing operations			$	11.92					$	10.52					$	8.36

Diluted Earnings per Share from Continuing Operations (In thousands except per share data)			2022						2021						2020
Income from continuing operations			$	1,235,757					$	1,110,968					$	876,360
Less: income from continuing operations allocated to    participating securities			6,132						7,623						8,158
Income from continuing operations available to common    shareholders			$	1,229,625					$	1,103,345					$	868,202
Basic weighted average common shares outstanding			103,172						104,874						103,816
Effect of dilutive securities – employee stock options			2,351						2,833						3,196
Diluted weighted average common shares outstanding			105,523						107,707						107,012
Diluted earnings per share from continuing operations			$	11.65					$	10.24					$	8.11

Summary of Buyback Activity by Program

The following table summarizes the buyback activity by program and fiscal year ended May 31:

			2022																		2021																		2020
Buyback Program (In thousands except    per share data)			Shares						Average Price per Share						Purchase Price						Shares						Average Price per Share						Purchase Price						Shares						Average Price per Share						Purchase Price
October 30, 2018			—						$	—					$	—					190						$	319.88					$	60,877					1,607						$	246.19					$	395,681
October 29, 2019			1,590						365.41						581,220						1,196						350.31						418,779						—						—						—
July 27, 2021			2,150						383.01						823,429						—						—						—						—						—						—
			3,740						$	375.53					$	1,404,649					1,386						$	346.13					$	479,656					1,607						$	246.19					$	395,681
Shares acquired for   taxes due (1)			305						$	397.16					$	121,224					246						$	302.52					$	74,465					264						$	260.89					$	68,837
Total repurchase of Cintas common stock															$	1,525,873																	$	554,121																	$	464,518

(1) Shares of Cintas stock acquired for employee payroll taxes due on options exercised and vested restricted stock awards.

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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.

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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.

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