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Earnings Per Share (Tables) | 6 Months Ended
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Nov. 30, 2021
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share | The following tables set forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Cintas’ common shares.
| Three Months Ended |  | Six Months Ended
Basic Earnings per Share (In thousands except per share data) | November 30, 2021 |  | November 30, 2020 |  | November 30, 2021 |  | November 30, 2020
Net income | $ | 294,669 |  |  | $ | 284,857 |  |  | $ | 625,848 |  |  | $ | 584,862 |
Less: income allocated to participating securities | 1,495 |  |  | 2,015 |  |  | 3,179 |  |  | 4,153 |
Income available to common shareholders | $ | 293,174 |  |  | $ | 282,842 |  |  | $ | 622,669 |  |  | $ | 580,709 |
Basic weighted average common shares outstanding | 103,646 |  |  | 104,999 |  |  | 103,463 |  |  | 104,546 |
Basic earnings per share | $ | 2.83 |  |  | $ | 2.69 |  |  | $ | 6.02 |  |  | $ | 5.55 |
| Three Months Ended |  | Six Months Ended
Diluted Earnings per Share (In thousands except per share data) | November 30, 2021 |  | November 30, 2020 |  | November 30, 2021 |  | November 30, 2020
Net income | $ | 294,669 |  |  | $ | 284,857 |  |  | $ | 625,848 |  |  | $ | 584,862 |
Less: income allocated to participating securities | 1,495 |  |  | 2,015 |  |  | 3,179 |  |  | 4,153 |
Income available to common shareholders | $ | 293,174 |  |  | $ | 282,842 |  |  | $ | 622,669 |  |  | $ | 580,709 |
Basic weighted average common shares outstanding | 103,646 |  |  | 104,999 |  |  | 103,463 |  |  | 104,546 |
Effect of dilutive securities – employee stock options | 2,476 |  |  | 2,982 |  |  | 2,563 |  |  | 3,010 |
Diluted weighted average common shares outstanding | 106,122 |  |  | 107,981 |  |  | 106,026 |  |  | 107,556 |
Diluted earnings per share | $ | 2.76 |  |  | $ | 2.62 |  |  | $ | 5.87 |  |  | $ | 5.40 |
Buyback Activity by Program | The following table summarizes the share buyback activity by program for the six months ended November 30:
| 2021 |  |  | 2020
Buyback Program (In thousands except per share data) | Shares |  | Avg. Price per Share |  | Purchase Price |  |  | Shares |  | Avg. Price per Share |  | Purchase Price
October 29, 2019 | 1,590 |  |  | $ | 365.41 |  |  | $ | 581,220 |  |  |  | — |  |  | $ | — |  |  | $ | — |
July 27, 2021 | — |  |  | $ | — |  |  | $ | — |  |  |  | — |  |  | $ | — |  |  | $ | — |
| 1,590 |  |  | $ | 365.41 |  |  | $ | 581,220 |  |  |  | — |  |  | $ | — |  |  | $ | — |

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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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&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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