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Earnings Per Share and Dividends

6 Months Ended

Feb. 28, 2017

Earnings Per Share and Dividends [Abstract]

2. Earnings Per Share and Dividends

a. Earnings Per Share

The Company calculates its basic earnings per share by dividing net income attributable to Jabil Circuit, Inc. by the weighted average number of common shares outstanding during the period. The Company’s diluted earnings per share is calculated in a similar manner, but includes the effect of dilutive securities. To the extent these securities are anti-dilutive, they are excluded from the calculation of diluted earnings per share.

For the three months and six months ended February 28, 2017, 3,130 and 499,243 stock appreciation rights, respectively, were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive. For the three months and six months ended February 29, 2016, 2,157,753 and 1,823,162 stock appreciation rights, respectively, were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive.

b. Dividends

The following table sets forth certain information relating to the Company’s cash dividends declared to common stockholders of the Company during the six months ended February 28, 2017 and February 29, 2016 (in thousands, except for per share data):

Total of Cash

Dividend

Dividends

Date of Record for

Dividend Cash

Declaration Date

per Share

Declared

Dividend Payment

Payment Date

Fiscal Year 2017:

October 20, 2016

0.08

15,248

November 15, 2016

December 1, 2016

January 26, 2017

0.08

15,051

February 15, 2017

March 1, 2017

Fiscal Year 2016:

October 14, 2015

0.08

15,906

November 16, 2015

December 1, 2015

January 21, 2016

0.08

15,947

February 16, 2016

March 1, 2016