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Earnings Per Share (Tables) | 3 Months Ended
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Aug. 31, 2022
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 for the three months ending August 31:
Basic Earnings per Share (In thousands except per share data) | 2022 |  | 2021 |  |  |  |
Net income | $ | 351,689 |  |  | $ | 331,179 |  |  |  |  |
Less: income allocated to participating securities | 1,520 |  |  | 1,765 |  |  |  |  |
Income available to common shareholders | $ | 350,169 |  |  | $ | 329,414 |  |  |  |  |
Basic weighted average common shares outstanding | 101,428 |  |  | 103,295 |  |  |  |  |
Basic earnings per share | $ | 3.45 |  |  | $ | 3.19 |  |  |  |  |
Diluted Earnings per Share (In thousands except per share data) | 2022 |  | 2021 |  |  |  |
Net income | $ | 351,689 |  |  | $ | 331,179 |  |  |  |  |
Less: income allocated to participating securities | 1,520 |  |  | 1,765 |  |  |  |  |
Income available to common shareholders | $ | 350,169 |  |  | $ | 329,414 |  |  |  |  |
Basic weighted average common shares outstanding | 101,428 |  |  | 103,295 |  |  |  |  |
Effect of dilutive securities – employee stock options | 1,909 |  |  | 2,649 |  |  |  |  |
Diluted weighted average common shares outstanding | 103,337 |  |  | 105,944 |  |  |  |  |
Diluted earnings per share | $ | 3.39 |  |  | $ | 3.11 |  |  |  |  |
Buyback Activity by Program | The following tables summarize the share buyback activity by program for the three months ended August 31:
| 2022 |  |  | 2021
Buyback Activity (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 | 532 |  |  | 396.39 |  |  | 210,751 |  |  |  | — |  |  | — |  |  | — |
July 26, 2022 | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | — |
| 532 |  |  | $ | 396.39 |  |  | $ | 210,751 |  |  |  | 1,590 |  |  | $ | 365.41 |  |  | $ | 581,220 |
Shares acquired for taxes due (1) | 270 |  |  | $ | 405.93 |  |  | $ | 109,583 |  |  |  | 198 |  |  | $ | 394.19 |  |  | $ | 78,015 |
Total repurchase of Cintas common stock |  |  |  |  | $ | 320,334 |  |  |  |  |  |  |  | $ | 659,235 |
(1) Shares of Cintas common 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. + 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 https://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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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