Cintas (CTAS) 10-Q 8 Jan 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Nov. 30, 2015	Dec. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	CINTAS CORP
Entity Central Index Key	723,254
Document Type	10-Q
Document Period End Date	Nov. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--05-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		108,130,453
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

Consolidated Condensed Statemen

Consolidated Condensed Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Revenue:
Uniform rental and facility services	$ 937,704	$ 891,475	$ 1,876,112	$ 1,765,173
Other	281,376	231,904	541,858	460,283
Total revenue	1,219,080	1,123,379	2,417,970	2,225,456
Costs and expenses:
Cost of uniform rental and facility services	526,091	505,823	1,044,594	996,498
Cost of other	165,589	136,132	321,832	269,588
Selling and administrative expenses	327,051	299,841	665,688	614,299
Operating income	200,349	181,583	385,856	345,071
Gain on sale of stock of an equity method investment	0	0	0	21,739
Interest income	(111)	(19)	(230)	(72)
Interest expense	16,171	15,929	32,583	32,512
Income before income taxes	184,289	165,673	353,503	334,370
Income taxes	68,836	61,972	131,852	124,764
Income from continuing operations	115,453	103,701	221,651	209,606
Income from discontinued operations, net of tax expense of $146,395, $11,739, $142,976 and $14,730, respectively	229,647	16,711	223,630	20,914
Net income	$ 345,100	$ 120,412	$ 445,281	$ 230,520
Basic earnings per share, continuing operations (dollars per share)	$ 1.05	$ 0.88	$ 1.99	$ 1.78
Basic earnings per share, discontinued operations (dollars per share)	2.06	0.14	2.01	0.18
Basic earnings per share (dollars per share)	3.11	1.02	4	1.96
Diluted earnings per share, continuing operations (dollars per share)	1.03	0.86	1.96	1.75
Diluted earnings per share, discontinued operations (dollars per share)	2.03	0.14	1.98	0.18
Diluted earnings per share (dollars per share)	3.06	1	3.94	1.93
Dividends declared per share (dollars per share)	$ 1.05	$ 1.70	$ 1.05	$ 1.70

Consolidated Condensed Stateme3

Consolidated Condensed Statements of Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Tax Effect of Discontinued Operation	$ 146,395	$ 11,739	$ 142,976	$ 14,730
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Tax Effect of Discontinued Operation	$ 336	$ (2,206)	$ 421	$ (1,966)

Consolidated Condensed Stateme4

Consolidated Condensed Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Nov. 30, 2015	Aug. 31, 2015	Nov. 30, 2014	Aug. 31, 2014	Nov. 30, 2015	Nov. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 345,100		$ 120,412		$ 445,281	$ 230,520
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(4,626)		(9,778)		(16,639)	(11,893)
Cumulative translation adjustment on investment in Shred-it	6,472		0		6,472	0
Change in fair value of derivatives	0		(21)		0	(4)
Amortization of interest rate lock agreements	488		488		976	976
Change in fair value of available-for-sale securities	(10)		3		(18)	3
Other comprehensive income (loss)	2,324	$ (11,533)	(9,308)	$ (1,610)	(9,209)	(10,918)
Comprehensive income	$ 347,424		$ 111,104		$ 436,072	$ 219,602

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015
Current assets:
Cash and cash equivalents	$ 606,785	$ 417,073
Marketable securities	65,826	16,081
Accounts receivable, net	549,190	496,130
Inventories, net	251,477	226,211
Uniforms and other rental items in service	542,531	534,005
Income taxes, current	0	936
Assets held for sale	0	21,341
Prepaid expenses and other current assets	27,471	24,030
Total current assets	2,043,280	1,735,807
Property and equipment, at cost, net	916,544	871,421
Investments	126,547	329,692
Goodwill	1,273,594	1,195,612
Service contracts, net	70,183	42,434
Other assets, net	20,644	17,494
Total assets	4,450,792	4,192,460
Current liabilities:
Accounts payable	134,843	109,607
Accrued compensation and related liabilities	65,886	88,423
Accrued liabilities	443,713	309,935
Income taxes, current	236,539	0
Liabilities held for sale	0	704
Long-term debt due within one year	250,000	0
Total current liabilities	1,130,981	508,669
Long-term liabilities:
Long-term debt due after one year	1,050,000	1,300,000
Deferred income taxes	227,465	339,327
Accrued liabilities	117,818	112,009
Total long-term liabilities	1,395,283	1,751,336
Shareholders’ equity:
Preferred stock, no par value: 100,000 shares authorized, none outstanding	0	0
Common stock, no par value: 425,000,000 shares authorized, FY 2016: 179,217,524 issued and 108,103,084 outstanding; FY 2015: 178,117,334 issued and 111,702,949 outstanding	394,728	329,248
Paid-in capital	165,653	157,183
Retained earnings	4,557,245	4,227,620
Treasury stock: FY 2016: 71,114,440 shares, FY 2015: 66,414,385 shares	(3,175,418)	(2,773,125)
Accumulated other comprehensive loss	(17,680)	(8,471)
Total shareholders’ equity	1,924,528	1,932,455
Total liabilities and shareholders' equity	$ 4,450,792	$ 4,192,460

Consolidated Condensed Balance6

Consolidated Condensed Balance Sheets (Unaudited) (Parenthetical) - shares	Nov. 30, 2015	May. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, shares authorized (shares)	100,000	100,000
Preferred stock, shares outstanding (shares)	0	0
Common stock, shares authorized (shares)	425,000,000	425,000,000
Common stock, shares issued (shares)	179,217,524	178,117,334
Common stock, shares outstanding (shares)	108,103,084	111,702,949
Treasury stock, shares (shares)	71,114,440	66,414,385

Consolidated Condensed Stateme7

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Cash flows from operating activities:
Net income	$ 445,281	$ 230,520
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	73,130	70,451
Amortization of intangible assets	7,764	7,702
Stock-based compensation	40,241	24,785
Gain on Storage Transactions	(15,786)	(34,137)
Loss (gain) on investment in Shred-it Partnership	24,288	(6,619)
Gain on sale of investment in Shred-it Partnership	374,026	0
Gain on sale of stock of an equity method investment	0	(21,739)
Deferred income taxes	(98,423)	10,346
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	(39,418)	(12,747)
Inventories, net	(19,841)	14,847
Uniforms and other rental items in service	(10,893)	(23,473)
Prepaid expenses and other current assets	(2,369)	(2,622)
Accounts payable	19,368	27,982
Accrued compensation and related liabilities	(22,771)	(25,111)
Accrued liabilities and other	1,041	24,780
Income taxes, current	237,451	7,608
Net cash provided by operating activities	265,037	292,573
Cash flows from investing activities:
Capital expenditures	(121,817)	(113,025)
Proceeds from redemption of marketable securities	212,081	0
Purchase of marketable securities and investments	(271,341)	(11,978)
Proceeds from Storage Transactions, net of cash contributed	35,338	153,996
Proceeds from Shredding Transaction	0	3,344
Proceeds from sale of investment in Shred-it Partnership	578,257	0
Proceeds from sale of stock of an equity method investment	0	29,933
Dividends received on equity method investment	0	5,247
Acquisitions of businesses, net of cash acquired	(121,237)	(3,015)
Other, net	1,987	1,681
Net cash provided by investing activities	313,268	66,183
Cash flows from financing activities:
Repayment of debt	(16)	(364)
Proceeds from exercise of stock-based compensation awards	17,444	22,472
Repurchase of common stock	(402,293)	(63,573)
Other, net	646	1,758
Net cash used in financing activities	(384,219)	(39,707)
Effect of exchange rate changes on cash and cash equivalents	(4,374)	(5,613)
Net increase in cash and cash equivalents	189,712	313,436
Cash and cash equivalents at beginning of period	417,073	513,288
Cash and cash equivalents at end of period	$ 606,785	$ 826,724

Basis of Presentation

Basis of Presentation	6 Months Ended
	Nov. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The consolidated condensed financial statements of Cintas Corporation (Cintas, the Company, we, us or our) included herein have been prepared by Cintas, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to such rules and regulations. While we believe that the disclosures are adequately presented, it is suggested that these consolidated condensed financial statements be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2015 . A summary of our significant accounting policies is presented beginning on page 37 of that report. There have been no material changes in the accounting policies followed by Cintas during the current fiscal year other than the adoption of new accounting pronouncements discussed in Note 2. Additionally, see Note 12 entitled Segment Information for discussion of the change in reportable operating segments in the first quarter of fiscal 2016. Interim results are subject to variations and are not necessarily indicative of the results of operations for a full fiscal year. In the opinion of management, adjustments (which include only normal recurring adjustments) necessary for a fair statement of the consolidated results of the interim periods shown have been made. Cintas' investment in the Shred-it Partnership (Shred-it) is classified as discontinued operations for all periods presented as a result of entering into a definitive agreement on July 15, 2015 to sell the investment. In the quarter ended November 30, 2015, Cintas completed the sale of its investment in Shred-it. During fiscal 2015, Cintas sold its document imaging and retention services (Storage) business and, as a result, its operations are also classified as discontinued operations for all periods presented. See Note 13 entitled Discontinued Operations for more information. As disclosed in our Annual Report on Form 10-K for the fiscal year ended May 31, 2015 , inventories are valued at the lower of cost (first-in, first-out) or market. Inventory is comprised of the following amounts at: (In thousands) November 30, May 31, Raw materials $ 18,222 $ 16,935 Work in process 18,344 17,079 Finished goods 214,911 192,197 $ 251,477 $ 226,211

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Nov. 30, 2015
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2014-09, ‘‘Revenue from Contracts with Customers (Topic 606),’’ to clarify revenue recognition principles. This guidance is intended to improve disclosure requirements and enhance the comparability of revenue recognition practices. Improved disclosures under the amended guidance relate to the nature, amount, timing and uncertainty of revenue that is recognized from contracts with customers. This guidance will be effective for reporting periods beginning after December 15, 2017 and will be required to be applied retrospectively. Early application of the amendments in this update is not permitted. Cintas is currently evaluating the impact that ASU 2014-09 will have on its consolidated condensed financial statements. In April 2014, the FASB issued ASU 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” which amended accounting guidance related to the reporting of discontinued operations and disclosures of disposals of components of an entity. The amended guidance changes the thresholds for disposals to qualify as discontinued operations and requires additional disclosures. This guidance is effective for reporting periods beginning after December 15, 2014 and is required to be applied prospectively. Cintas adopted ASU 2014-08 during the quarter ended August 31, 2015 and applied the amended accounting guidance to its investment in Shred-it and will apply it to future transactions, as appropriate. In April 2015, the FASB issued ASU 2015-17, “Balance Sheet Classifications of Deferred Taxes,” which amended accounting guidance related to the presentation of deferred tax liabilities and assets. The amended guidance requires that all deferred tax liabilities and assets be classified as noncurrent on the balance sheet. This guidance is effective for reporting periods beginning after December 15, 2016; however, early adoption is permitted. This guidance can also be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Cintas adopted ASU 2015-17 during the quarter ended November 30, 2015 and has applied this amended accounting guidance to its deferred tax liabilities and assets for all periods presented. No other new accounting pronouncement recently issued or newly effective had or is expected to have a material impact on the Consolidated Condensed Financial Statements.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Nov. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements All financial instruments that are measured at fair value on a recurring basis (at least annually) have been classified within the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the consolidated balance sheet date. These financial instruments measured at fair value on a recurring basis are summarized below: As of November 30, 2015 (In thousands) Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 556,809 $ 49,976 $ — $ 606,785 Marketable securities: Canadian treasury securities — 65,826 — 65,826 Total assets at fair value $ 556,809 $ 115,802 $ — $ 672,611 As of May 31, 2015 (In thousands) Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 417,073 $ — $ — $ 417,073 Marketable securities: Canadian treasury securities — 16,081 — 16,081 Total assets at fair value $ 417,073 $ 16,081 $ — $ 433,154 Cintas’ cash and cash equivalents and marketable securities are generally classified within Level 1 or Level 2 of the fair value hierarchy. Financial instruments classified as Level 1 are based on quoted market prices in active markets, and financial instruments classified as Level 2 are based on quoted market prices, broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency. The types of financial instruments Cintas classifies within Level 1 include most bank deposits and money market securities. Cintas does not adjust the quoted market price for such financial instruments. The types of financial instruments Cintas classifies within Level 2 are primarily high grade domestic commercial paper and Canadian treasury securities (federal). The valuation technique used for Cintas’ marketable securities classified within Level 2 of the fair value hierarchy is primarily the market approach. The primary inputs to value Cintas’ marketable securities are the respective instrument's future cash flows based on its stated yield and the amount a market participant would pay for a similar instrument. Primarily all of Cintas’ marketable securities are actively traded and the recorded fair value reflects current market conditions. However, due to the inherent volatility in the investment market, there is at least a possibility that recorded investment values may change in the near term. The funds invested in Canadian treasury securities are not presently expected to be repatriated, but instead are expected to be invested indefinitely in foreign subsidiaries. Interest, realized gains and losses and declines in value determined to be other than temporary on available-for-sale securities are included in interest income or expense. The cost of the securities sold is based on the specific identification method. The amortized cost basis of marketable securities as of November 30, 2015 and May 31, 2015 was $65.8 million and $16.1 million , respectively. All outstanding marketable securities at November 30, 2015 and May 31, 2015 had contractual maturities due within one year. The methods described above may produce a fair value that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while Cintas believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the consolidated balance sheet date. In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company records assets and liabilities at fair value on a nonrecurring basis as required under GAAP. The Company's acquisition of ZEE Medical, Inc. (ZEE) was recorded at fair value. See Note 9 entitled Acquisitions for additional information on the measurement of the ZEE assets acquired.

Investments

Investments	6 Months Ended
	Nov. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Investments at November 30, 2015 of $126.5 million include the cash surrender value of insurance policies of $108.8 million , equity method investments of $15.5 million , and cost method investments of $2.2 million . Investments at May 31, 2015 of $329.7 million include the cash surrender value of insurance policies of $101.8 million , equity method investments of $225.7 million and cost method investments of $2.2 million . Effective August 31, 2015, Cintas' investment in Shred-it was classified as discontinued operations as a result of Cintas entering into a definitive agreement to sell its investment. In the quarter ended November 30, 2015, Cintas completed the transaction to sell its investment in Shred-it. Cash proceeds received at the closing of the transaction totaled $578.3 million dollars. The transaction involved contingent consideration that the Company has an opportunity to receive if specified future events occur. Because of the uncertainty surrounding the future events, these amounts represent gain contingencies that have not been recorded. As allowed under applicable accounting guidance, the May 31, 2015 consolidated condensed balance sheet amounts for these assets and liabilities remain in their natural classifications. See Note 13 entitled Discontinued Operations. On June 30, 2014, Cintas sold stock in an equity method investment. In conjunction with the sale of the equity method investment, Cintas also received a cash dividend of $5.2 million . Total cash received from the transaction was $35.2 million . The sale resulted in the recording of a gain, net of tax, of approximately $13.6 million in the six months ended November 30, 2014 . As a result, the Company no longer has the ability to exercise significant influence over the investee. Therefore, effective July 1, 2014, the remaining investment retained by Cintas is accounted for under the cost method. Investments are evaluated for impairment on an annual basis or when indicators of impairment exist. For the six months ended November 30, 2015 and 2014 , no losses due to impairment were recorded.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Nov. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share 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: Three Months Ended Six Months Ended (In thousands except per share data) November 30, November 30, November 30, November 30, Basic Earnings per Share from Continuing Operations Income from continuing operations $ 115,453 $ 103,701 $ 221,651 $ 209,606 Less: income from continuing operations allocated to participating securities 1,887 1,342 3,629 1,933 Income from continuing operations available to common shareholders $ 113,566 $ 102,359 $ 218,022 $ 207,673 Basic weighted average common shares outstanding 108,301 117,115 109,455 116,887 Basic earnings per share from continuing operations $ 1.05 $ 0.88 $ 1.99 $ 1.78 Three Months Ended Six Months Ended (In thousands except per share data) November 30, November 30, November 30, November 30, Diluted Earnings per Share from Continuing Operations Income from continuing operations $ 115,453 $ 103,701 $ 221,651 $ 209,606 Less: income from continuing operations allocated to participating securities 1,887 1,342 3,629 1,933 Income from continuing operations available to common shareholders $ 113,566 $ 102,359 $ 218,022 $ 207,673 Basic weighted average common shares outstanding 108,301 117,115 109,455 116,887 Effect of dilutive securities – employee stock options 1,812 1,540 1,685 1,447 Diluted weighted average common shares outstanding 110,113 118,655 111,140 118,334 Diluted earnings per share from continuing operations $ 1.03 $ 0.86 $ 1.96 $ 1.75 Basic and diluted earnings per share from discontinued operations were $2.06 and $2.03 , respectively, for the three months ended November 30, 2015 , and both basic and diluted earnings per share were $0.14 for the three months ended November 30, 2014 . Basic and diluted earnings per share from discontinued operations were $2.01 and $1.98 , respectively for the six months ended November 30, 2015 , and both basic and diluted earnings per share from discontinued operations were $0.18 for the six months ended November 30, 2014 . For the three months ended November 30, 2015 and 2014 , options granted to purchase 0.3 million and 0.5 million shares of Cintas common stock, respectively, were excluded from the computation of diluted earnings per share. For the six months ended November 30, 2015 and 2014 , options granted to purchase 0.4 million and 0.6 million shares of Cintas common stock, respectively, were excluded from the computation of diluted earnings per share. The exercise prices of these options were greater than the average market price of the common stock (anti-dilutive). On January 13, 2015, we announced that the Board of Directors authorized a $500.0 million share buyback program, which does not have an expiration date. The January 13, 2015 share buyback program was completed during the second quarter of fiscal 2016. From the inception of the January 13, 2015 share buyback program through September 2015, Cintas purchased a total of 5.9 million shares of Cintas common stock at an average price of $84.07 per share for a total purchase price of $500.0 million . On August 4, 2015, we announced that the Board of Directors authorized a new $500.0 million share buyback program. The following table summarizes the buyback activity by program and fiscal period: (In thousands except per share data) Three Months Ended November 30, 2015 Six Months Ended November 30, 2015 Buyback Program Shares Avg. Price per Share Purchase Price Shares Avg. Price per Share Purchase Price January 13, 2015 713 $ 84.74 $ 60,409 3,078 $ 85.44 $ 262,937 August 4, 2015 1,396 $ 85.94 $ 119,981 1,396 $ 85.94 $ 119,981 2,109 $ 85.53 $ 180,390 4,474 $ 85.59 $ 382,918 In the period subsequent to November 30, 2015 through January 8, 2016 , we did not purchase any shares of Cintas common stock. In addition, for the six months ended November 30, 2015 , Cintas acquired 0.2 million shares of Cintas common stock for employee payroll taxes due on restricted stock awards that vested during the six months ended November 30, 2015 . These shares were acquired at an average price of $85.63 per share for a total purchase price of $19.4 million . Of the total purchase price, $0.3 million occurred in the three months ended November 30, 2015 .

Goodwill, Service Contracts and

Goodwill, Service Contracts and Other Assets	6 Months Ended
	Nov. 30, 2015
Goodwill, Service Contracts and Other Assets [Abstract]
Goodwill, Service Contracts and Other Assets	Goodwill, Service Contracts and Other Assets Effective June 1, 2015, Cintas realigned its organizational structure and updated its reportable operating segments in light of certain changes in its business, including the acquisition of ZEE. Cintas’ updated reportable operating segments are Uniform Rental and Facility Services and First Aid and Safety Services. The remainder of Cintas’ business, which consists primarily of Fire Protection Services and its Direct Sale business, are included in All Other. For additional information regarding Cintas’ realignment and reportable operating segment determination, see Note 12 entitled Segment Information. As a result of Cintas’ segment realignment, the composition of Cintas’ reporting units for the evaluation of goodwill impairment also changed. Historically, Cintas’ reporting units were the same as the reportable operating segments, Rental Uniforms and Ancillary Products, Uniform Direct Sales and First Aid, Safety and Fire Protection Services. Effective June 1, 2015, Cintas identified five reporting units for purposes of evaluating goodwill impairment, Uniform Rental and Facility Services, First Aid and Safety Services, and three reporting units within All Other. As a result of the change in reporting units, Cintas was required to perform an interim impairment test on Goodwill at June 1, 2015. There was no impairment recorded as a result of the interim impairment test. As the composition of the reporting units changed, the Company allocated historical goodwill to the new reporting units based on a relative fair value allocation approach. Fair value of each reporting unit was determined using a combination of the market approach and the income approach. Under the market approach, fair value is based on revenue and earnings multiples for guideline public companies in the reporting unit's peer group. Under the income approach, value is dependent on the present value of net cash flows to be derived from the ownership. The relative fair value allocation approach yielded the following allocation of total goodwill as of June 1, 2015: Uniform Rental and Facility Services reportable operating segment goodwill of $943.9 million , First Aid and Safety Services reportable operating segment goodwill of $155.0 million and All Other goodwill of $96.7 million . Changes in the carrying amount of goodwill and service contracts for the six months ended November 30, 2015 , by reportable operating segment and All Other, are as follows: Goodwill (in thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Total Balance as of June 1, 2015 $ 943,909 $ 154,954 $ 96,749 $ 1,195,612 Goodwill acquired — 79,248 54 79,302 Foreign currency translation (983 ) (285 ) (52 ) (1,320 ) Balance as of November 30, 2015 $ 942,926 $ 233,917 $ 96,751 $ 1,273,594 Service Contracts (in thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Total Balance as of June 1, 2015 $ 6,677 $ 1,576 $ 34,181 $ 42,434 Service contracts acquired — 34,000 940 34,940 Service contracts amortization (2,146 ) (1,424 ) (3,559 ) (7,129 ) Foreign currency translation — (62 ) — (62 ) Balance as of November 30, 2015 $ 4,531 $ 34,090 $ 31,562 $ 70,183 Information regarding Cintas’ service contracts and other assets is as follows: As of November 30, 2015 (In thousands) Carrying Amount Accumulated Amortization Net Service contracts $ 374,292 $ 304,109 $ 70,183 Noncompete and consulting agreements $ 42,262 $ 40,662 $ 1,600 Other 27,529 8,485 19,044 Total other assets $ 69,791 $ 49,147 $ 20,644 As of May 31, 2015 (In thousands) Carrying Amount Accumulated Amortization Net Service contracts $ 340,816 $ 298,382 $ 42,434 Noncompete and consulting agreements $ 41,828 $ 40,379 $ 1,449 Other 23,595 7,550 16,045 Total other assets $ 65,423 $ 47,929 $ 17,494 Amortization expense for continuing operations was $4.2 million and $3.5 million for the three months ended November 30, 2015 and 2014 , respectively. Amortization expense for continuing operations was $7.8 million and $7.0 million for the six months ended November 30, 2015 and 2014 , respectively. Estimated amortization expense for continuing operations, excluding any future acquisitions, for each of the next five full fiscal years is $14.6 million , $11.2 million , $10.2 million , $9.6 million and $9.2 million , respectively.

Debt, Derivatives and Hedging A

Debt, Derivatives and Hedging Activities	6 Months Ended
	Nov. 30, 2015
Debt, Derivatives and Hedging Activities [Abstract]
Debt, Derivatives and Hedging Activities	Debt, Derivatives and Hedging Activities Cintas' senior notes are recorded at cost. The fair value of the senior notes is estimated using Level 2 inputs based on general market prices. The carrying value and fair value of Cintas' senior notes as of November 30, 2015 were $1,300.0 million and $1,401.8 million, respectively, and as of May 31, 2015 were $1,300.0 million and $1,418.6 million, respectively. Cintas’ commercial paper program has a capacity of $300.0 million that is fully supported by a backup revolving credit facility through a credit agreement with its banking group. This revolving credit facility has an accordion feature that allows for a maximum borrowing capacity of $450.0 million and has a maturity date of May 28, 2019. No commercial paper or borrowings on our revolving credit facility were outstanding as of November 30, 2015 or May 31, 2015 . Cintas used interest rate lock agreements to hedge against movements in the treasury rates at the time Cintas issued its senior notes in fiscal 2007, fiscal 2008, fiscal 2011 and fiscal 2013. The amortization of the cash flow hedges resulted in an increase to other comprehensive income of $0.5 million for the three months ended November 30, 2015 and 2014 and $1.0 million for the six months ended November 30, 2015 and 2014. To hedge the exposure of movements in the foreign currency rates, Cintas may use foreign currency hedges. These hedges reduce the impact on cash flows from movements in the foreign currency exchange rates. Examples of foreign currency hedge instruments that Cintas may use are average rate options and forward contracts. Cintas had no foreign currency forward contracts as of November 30, 2015 or May 31, 2015. Cintas has certain covenants related to debt agreements. These covenants limit Cintas’ ability to incur certain liens, to engage in sale-leaseback transactions and to merge, consolidate or sell all or substantially all of Cintas’ assets. These covenants also require Cintas to maintain certain debt to consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) and interest coverage ratios. Cross-default provisions exist between certain debt instruments. Cintas was in compliance with all debt covenants for all periods presented. If a default of a significant covenant were to occur, the default could result in an acceleration of the maturity of the indebtedness, impair liquidity and limit the ability to raise future capital.

Income Taxes

Income Taxes	6 Months Ended
	Nov. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In the normal course of business, Cintas provides for uncertain tax positions and the related interest, and adjusts its unrecognized tax benefits and accrued interest accordingly. During the three months ended November 30, 2015 , unrecognized tax benefits increased by approximately $0.6 million and accrued interest increased by $0.1 million . During the six months ended November 30, 2015 , unrecognized tax benefits increased by approximately $1.1 million and accrued interest increased by approximately $0.2 million . All U.S. federal income tax returns are closed to audit through fiscal 2011. Cintas is currently in advanced stages of its U.S. federal audit and various audits in certain foreign jurisdictions and certain domestic states. The years under foreign and domestic state audits cover fiscal years back to 2009. Based on the resolution of the various audits and other potential regulatory developments, it is reasonably possible that the balance of unrecognized tax benefits will decrease by $1.0 million for the fiscal year ending May 31, 2016 . The majority of Cintas' operations are in North America. Cintas is required to file federal income tax returns, as well as state income tax returns in a majority of the domestic states and also in certain Canadian provinces. At times, Cintas is subject to audits in these jurisdictions. The audits, by nature, are sometimes complex and can require several years to resolve. The final resolution of any such tax audit could result in either a reduction in Cintas' accruals or an increase in its income tax provision, either of which could have an impact on the consolidated condensed results of operation in any given period.

Acquisitions

Acquisitions	6 Months Ended
	Nov. 30, 2015
Business Combinations [Abstract]
Acquisitions	Acquisitions On August 1, 2015, the Company acquired all of the shares of ZEE for acquisition-date fair value consideration of $134.0 million , consisting of cash of $120.6 million and contingent consideration, subject to certain holdback provisions of $13.4 million . ZEE will operate within the First Aid and Safety Services reportable operating segment. This acquisition expands our footprint in van delivered first aid, safety, training and emergency products and allows us to serve an even greater number of customers in North America. The table below summarizes the purchase price allocation of ZEE as determined by management with the assistance of third-party valuation specialists. Goodwill is calculated as the excess of the consideration transferred over the net assets recognized and represents the estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. None of the goodwill is expected to be deductible for income tax purposes. The assets acquired and liabilities assumed are valued at the estimated fair value at the acquisition date as required by GAAP. (In thousands) Assets: Cash and cash equivalents $ 333 Accounts receivable 16,705 Inventory 5,987 Other current assets 1,443 Property, plant and equipment 1,331 Goodwill 79,248 Service contracts 34,000 Other intangibles 4,500 Liabilities: Accounts payable (7,195 ) Accrued liabilities (2,352 ) Total Consideration $ 134,000 The estimated useful life of the acquired service contracts is 10 years. Cintas is required to provide additional disclosures about fair value measurements as part of the consolidated condensed financial statements for each major category of assets and liabilities measured at fair value on a nonrecurring basis (including business acquisitions). The working capital assets and liabilities, as well as the property and equipment acquired, were valued using Level 2 inputs which included data points that are observable, such as definitive sales agreements, appraisals or established market values of comparable assets (market approach). Goodwill, service contracts and other intangibles were valued using Level 3 inputs, which are unobservable by nature, and included internal estimates of future cash flow using a discount rate of 11% (income approach). The results of operations of ZEE are not material to the consolidated financial statements.

Litigation and Other Contingenc

Litigation and Other Contingencies	6 Months Ended
	Nov. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Litigation and Other Contingencies	Litigation and Other Contingencies Cintas is subject to legal proceedings, insurance receipts, legal settlements and claims arising from the ordinary course of its business, including personal injury, customer contract, environmental and employment claims. In the opinion of management, the aggregate liability, if any, with respect to such ordinary course of business actions will not have a material adverse effect on the consolidated financial position, consolidated results of operations or consolidated cash flows of Cintas. Cintas is party to additional litigation not considered in the ordinary course of business, including the litigation discussed below. Cintas is a defendant in a purported Equal Employment Opportunity Commission (EEOC) systemic gender discrimination lawsuit, Mirna E. Serrano, et al. v. Cintas Corporation (Serrano), filed on May 10, 2004, and pending in the United States District Court, Eastern District of Michigan, Southern Division. The Serrano plaintiffs alleged that Cintas discriminated against women in hiring into various service sales representative (SSR) positions in the Rental Uniforms and Ancillary Products operating segment. On November 15, 2005, the EEOC intervened in the Serrano lawsuit. The Serrano plaintiffs seek lost pay, injunctive relief, compensatory damages, punitive damages, attorneys' fees and other remedies on behalf of unsuccessful female candidates for SSR positions. On October 27, 2008, the United States District Court in the Eastern District of Michigan granted summary judgment in favor of Cintas limiting the scope of the action to female applicants for SSR positions at Cintas locations within the state of Michigan. Consequently, all claims brought by or on behalf of female applicants for SSR positions outside of the state of Michigan were dismissed. Similarly, any claims brought by the EEOC on behalf of similarly situated female applicants outside of the state of Michigan have also been dismissed from the Serrano lawsuit. In September 2010, the Court in Serrano dismissed all private individual claims and all claims of the EEOC and the 13 individuals it claimed to represent. The EEOC appealed the District Court's summary judgment decisions and various other rulings to the United States Court of Appeals for the Sixth Circuit. On November 9, 2012, the Sixth Circuit Court of Appeals reversed the District Court's opinion and remanded the claims back to the District Court. On April 16, 2013, Cintas filed with the United States Supreme Court a Petition for a Writ of Certiorari seeking to review the judgment of the United States Court of Appeals for the Sixth Circuit. On October 7, 2013, the Court denied Cintas’ Petition, thus remanding the claims back to the District Court consistent with the Sixth Circuit Court’s November 9, 2012 decision. The parties have agreed to a settlement, and on November 25, 2015, the District Court approved the entry of a Consent Decree between EEOC and Cintas Corporation settling the case. The settlement was not material to Cintas' continuing operations. The litigation discussed above, if decided or settled adversely to Cintas, may result in liability material to Cintas' consolidated financial condition, consolidated results of operation or consolidated cash flows and could increase costs of operations on an ongoing basis. Any estimated liability relating to these proceedings is not determinable at this time. Cintas may enter into discussions regarding settlement of these and other lawsuits, and may enter into settlement agreements if it believes such settlement is in the best interest of Cintas' shareholders.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Nov. 30, 2015
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive income (loss), net of tax: (In thousands) Foreign Currency Unrealized Loss on Derivatives Other Total Balance at June 1, 2015 $ 2,987 $ (10,626 ) $ (832 ) $ (8,471 ) Other comprehensive loss before reclassifications (12,013 ) — (8 ) (12,021 ) Amounts reclassified from accumulated other comprehensive income (loss) — 488 — 488 Net current period other comprehensive (loss) income (12,013 ) 488 (8 ) (11,533 ) Balance at August 31, 2015 (9,026 ) (10,138 ) (840 ) (20,004 ) Other comprehensive loss before reclassifications (4,626 ) — (10 ) (4,636 ) Amounts reclassified from accumulated other comprehensive income (loss) 6,472 488 — 6,960 Net current period other comprehensive income (loss) 1,846 488 (10 ) 2,324 Balance at November 30, 2015 $ (7,180 ) $ (9,650 ) $ (850 ) $ (17,680 ) (In thousands) Foreign Currency Unrealized Loss on Derivatives Other Total Balance at June 1, 2014 $ 41,525 $ (12,615 ) $ (482 ) $ 28,428 Other comprehensive (loss) income before reclassifications (2,115 ) 17 — (2,098 ) Amounts reclassified from accumulated other comprehensive income (loss) — 488 — 488 Net current period other comprehensive (loss) income (2,115 ) 505 — (1,610 ) Balance at August 31, 2014 39,410 (12,110 ) (482 ) 26,818 Other comprehensive (loss) income before reclassifications (9,778 ) (21 ) 3 (9,796 ) Amounts reclassified from accumulated other comprehensive income (loss) — 488 — 488 Net current period other comprehensive (loss) income (9,778 ) 467 3 (9,308 ) Balance at November 30, 2014 $ 29,632 $ (11,643 ) $ (479 ) $ 17,510 The following table summarizes the reclassifications out of accumulated other comprehensive (loss) income: Reclassifications out of Accumulated Other Comprehensive (Loss) Income Details about Accumulated Other Comprehensive (Loss) Income Components Amount Reclassified from Accumulated Other Comprehensive (Loss) Income Affected Line in the Consolidated Condensed Statements of Income Three Months Ended Six Months Ended (In thousands) November 30, 2015 November 30, 2014 November 30, 2015 November 30, 2014 Amortization of interest rate locks $ (783 ) $ (783 ) $ (1,565 ) $ (1,565 ) Interest expense Tax benefit 295 295 589 589 Income taxes Amortization of interest rate locks, net of tax $ (488 ) $ (488 ) $ (976 ) $ (976 ) Net of tax Three Months Ended Six Months Ended (In thousands) November 30, 2015 November 30, 2014 November 30, 2015 November 30, 2014 Cumulative translation adjustment on investment in Shred-it $ (10,381 ) $ — $ (10,381 ) $ — Income from discontinued operations Tax benefit 3,909 — 3,909 — Income from discontinued operations Cumulative translation adjustment on investment in Shred-it, net of tax $ (6,472 ) $ — $ (6,472 ) $ — Net of tax

Segment Information

Segment Information	6 Months Ended
	Nov. 30, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information GAAP requires companies to evaluate their reportable operating segments periodically and when certain events occur. As a result of a recent evaluation, effective June 1, 2015, Cintas realigned its organizational structure and updated its reportable operating segments in light of certain changes in its business including the acquisition of ZEE in the first quarter of fiscal 2016. Cintas’ updated reportable operating segments are Uniform Rental and Facility Services and First Aid and Safety Services. The Uniform Rental and Facility Services reportable operating segment consists of the rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels and other ancillary items. In addition to these rental items, restroom cleaning services and supplies, carpet and tile cleaning services and the sale of items from our catalogs to our customers on route are included within this reportable operating segment. The First Aid and Safety Services reportable operating segment consists of first aid and safety products and services. The remainder of Cintas’ business, which consists primarily of Fire Protection Services and its Direct Sale business, is included in All Other. All prior fiscal year results presented in the table below have been restated to reflect these new segments. Prior to June 1, 2015, Cintas classified its business into the following three reportable operating segments: The Rental Uniforms and Ancillary Products operating segment consisted of the rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels and other ancillary items. In addition to these rental items, restroom cleaning services and supplies and carpet and tile cleaning services were also provided within this operating segment. The Uniform Direct Sales operating segment consisted of the direct sale of uniforms and related items. The First Aid, Safety and Fire Protection Services operating segment consisted of first aid, safety and fire protection products and services. Cintas evaluates the performance of each operating segment based on several factors of which the primary financial measures are operating segment revenue and income before income taxes. The accounting policies of the operating segments are the same as those described in Note 1 entitled Basis of Presentation. Information related to the operations of Cintas’ operating segments is set forth below: (In thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Corporate (1) Total For the three months ended November 30, 2015 Revenue $ 937,704 $ 120,438 $ 160,938 $ — $ 1,219,080 Income (loss) before income taxes $ 169,295 $ 14,847 $ 16,207 $ (16,060 ) $ 184,289 For the three months ended November 30, 2014 Revenue $ 891,475 $ 82,271 $ 149,633 $ — $ 1,123,379 Income (loss) before income taxes $ 159,567 $ 11,777 $ 10,239 $ (15,910 ) $ 165,673 As of and for the six months ended November 30, 2015 Revenue $ 1,876,112 $ 219,926 $ 321,932 $ — $ 2,417,970 Income (loss) before income taxes $ 334,676 $ 23,439 $ 27,741 $ (32,353 ) $ 353,503 Total assets $ 2,995,616 $ 426,673 $ 355,892 $ 672,611 $ 4,450,792 As of and for the six months ended November 30, 2014 Revenue $ 1,765,173 $ 162,195 $ 298,088 $ — $ 2,225,456 Income (loss) before income taxes $ 304,383 $ 20,924 $ 19,764 $ (10,701 ) $ 334,370 Total assets $ 2,907,484 $ 263,996 $ 336,604 $ 1,189,487 $ 4,697,571 (1) Corporate assets include cash and marketable securities in all periods. Corporate assets as of November 30, 2014 include the investment in the Shred-it Partnership and the Storage assets that were classified as held for sale.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Nov. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations Cintas' investment in Shred-it was classified as discontinued operations for all periods presented as a result of entering into a definitive agreement on July 15, 2015 to sell the investment. During fiscal 2015, Cintas sold Storage and, as a result, its operations are also classified as discontinued operations for all periods presented. In the quarter ended November 30, 2015, we completed the transaction to sell our investment in Shred-it to Stericycle, Inc. Cintas’ share of the proceeds from the sale were $578.3 million . Cintas also has the opportunity to receive up to $34.0 million in additional consideration in the future, subject to certain holdback provisions. Because of the uncertainty surrounding the holdback provisions, this amount represents a gain contingency that has not been recorded. As of May 31, 2015 , the equity method investment in Shred-it was $210.1 million . Cintas’ carrying value of its investment in Shred-it exceeded its share of the underlying equity in the net assets of Shred-it (basis difference). The basis difference was amortized over the weighted average estimated useful lives of the underlying assets which generated the basis difference (approximately 9 years ) and was recorded as a reduction in our share of income from Shred-it, net of tax. For the six months ended November 30, 2015 , Cintas recorded a net loss on the investment in Shred-it of $24.3 million , which included amortization of basis differences of approximately $4.8 million . After the sale of Shred-it, the basis difference no longer exists and Cintas will no longer record income or loss from Shred-it. In the first quarter of fiscal 2015, Cintas received additional proceeds related to the contribution of its shredding business to Shred-it. The Company realized a $3.9 million gain, net of tax, as a result of the additional consideration received. In fiscal 2015, Cintas sold Storage, excluding related real estate owned by Cintas, in three separate transactions to three separate buyers. Certain real estate owned by Cintas is being leased by the buyers. These lease payments do not represent a material direct cash flow of the disposed Storage business and therefore do not impact the classification of the Storage business as a discontinued operation. On July 10, 2015, Cintas sold the remaining Storage assets classified as held for sale. During the three months ended November 30, 2015 , Cintas received additional proceeds related to contingent consideration on the sale of Storage. The Company realized a pre-tax gain of $10.9 million as a result of the additional consideration received. For the six months ended November 30, 2015 , Cintas received proceeds of $24.4 million from the sale of the remaining Storage assets previously classified as held for sale and realized a pre-tax gain of $4.8 million on the sale. Following is selected financial information included in net income from discontinued operations for the Shredding and Storage businesses: Three Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, 2014 (1) Revenue $ — $ 10,594 $ — $ 31,379 Income (loss) before income taxes 845 (5,687 ) 1,082 (5,112 ) Income tax (expense) benefit (336 ) 2,206 (421 ) 1,966 Gain on Storage Transactions 10,943 34,137 15,786 34,137 (Loss) gain on investment in Shred-it Partnership (1) (9,772 ) — (24,288 ) 6,619 Gain on sale of investment in Shred-it Partnership 374,026 — 374,026 — Income tax expense on net gain (loss) (146,059 ) (13,945 ) (142,555 ) (16,696 ) Net income from discontinued operations $ 229,647 $ 16,711 $ 223,630 $ 20,914 (1) Results for the three and six months ended November 30, 2014 related to the gain on the investment in Shred-it Partnership were previously presented in continuing operations and were reclassified to discontinued operations as previously discussed.

Supplemental Guarantor Informat

Supplemental Guarantor Information	6 Months Ended
	Nov. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Supplemental Guarantor Information	Supplemental Guarantor Information Cintas Corporation No. 2 (Corp. 2) is the indirectly, wholly-owned principal operating subsidiary of Cintas. Corp. 2 is the issuer of the $1,300.0 million aggregate principal amount of senior notes, which are unconditionally guaranteed, jointly and severally, by Cintas Corporation and its wholly-owned, direct and indirect domestic subsidiaries. As allowed by SEC rules, the following condensed consolidating financial statements are provided as an alternative to filing separate financial statements of the guarantors. Each of the subsidiaries presented in the following condensed consolidating financial statements has been fully consolidated in Cintas’ consolidated financial statements. The following condensed consolidating financial statements should be read in conjunction with the consolidated financial statements of Cintas and notes thereto of which this note is an integral part. Condensed consolidating financial statements for Cintas, Corp. 2, the subsidiary guarantors and non-guarantors are presented on the following pages: Condensed Consolidating Income Statement Three Months Ended November 30, 2015 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 723,216 $ 199,877 $ 53,674 $ (39,063 ) $ 937,704 Other — 394,257 740 17,516 (131,137 ) 281,376 Equity in net income of affiliates 115,453 — — — (115,453 ) — 115,453 1,117,473 200,617 71,190 (285,653 ) 1,219,080 Costs and expenses (income): Cost of uniform rental and facility services — 455,311 112,832 37,596 (79,648 ) 526,091 Cost of other — 248,687 (8,734 ) 10,655 (85,019 ) 165,589 Selling and administrative expenses — 345,802 (30,159 ) 16,140 (4,732 ) 327,051 Operating income 115,453 67,673 126,678 6,799 (116,254 ) 200,349 Interest income — (12 ) (68 ) (31 ) — (111 ) Interest expense (income) — 16,427 (256 ) — — 16,171 Income before income taxes 115,453 51,258 127,002 6,830 (116,254 ) 184,289 Income taxes — 18,751 47,071 3,042 (28 ) 68,836 Income from continuing operations 115,453 32,507 79,931 3,788 (116,226 ) 115,453 Income (loss) from discontinued operations, net of tax 229,647 234,604 — (4,957 ) (229,647 ) 229,647 Net income (loss) $ 345,100 $ 267,111 $ 79,931 $ (1,169 ) $ (345,873 ) $ 345,100 Condensed Consolidating Income Statement Three Months Ended November 30, 2014 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 678,360 $ 188,424 $ 59,311 $ (34,620 ) $ 891,475 Other — 348,293 525 15,332 (132,246 ) 231,904 Equity in net income of affiliates 103,701 — — — (103,701 ) — 103,701 1,026,653 188,949 74,643 (270,567 ) 1,123,379 Costs and expenses (income): Cost of uniform rental and facility services — 429,237 104,226 40,756 (68,396 ) 505,823 Cost of other — 222,407 (6,194 ) 8,963 (89,044 ) 136,132 Selling and administrative expenses — 308,653 (19,158 ) 18,450 (8,104 ) 299,841 Operating income 103,701 66,356 110,075 6,474 (105,023 ) 181,583 Interest income — (5 ) (15 ) — 1 (19 ) Interest expense (income) — 16,435 (497 ) (9 ) — 15,929 Income before income taxes 103,701 49,926 110,587 6,483 (105,024 ) 165,673 Income taxes — 18,548 41,842 1,601 (19 ) 61,972 Income from continuing operations 103,701 31,378 68,745 4,882 (105,005 ) 103,701 Income from discontinued operations, net of tax 16,711 14,956 — 1,755 (16,711 ) 16,711 Net income $ 120,412 $ 46,334 $ 68,745 $ 6,637 $ (121,716 ) $ 120,412 Condensed Consolidating Income Statement Six Months Ended November 30, 2015 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 1,444,545 $ 402,142 $ 107,686 $ (78,261 ) $ 1,876,112 Other — 766,868 2,033 32,327 (259,370 ) 541,858 Equity in net income of affiliates 221,651 — — — (221,651 ) — 221,651 2,211,413 404,175 140,013 (559,282 ) 2,417,970 Costs and expenses (income): Cost of uniform rental and facility services — 895,891 229,664 74,953 (155,914 ) 1,044,594 Cost of other — 486,056 (17,377 ) 20,225 (167,072 ) 321,832 Selling and administrative expenses — 692,878 (49,014 ) 34,020 (12,196 ) 665,688 Operating income 221,651 136,588 240,902 10,815 (224,100 ) 385,856 Interest income — (12 ) (116 ) (102 ) — (230 ) Interest expense (income) — 32,802 (218 ) (1 ) — 32,583 Income before income taxes 221,651 103,798 241,236 10,918 (224,100 ) 353,503 Income taxes — 38,340 89,662 3,903 (53 ) 131,852 Income from continuing operations 221,651 65,458 151,574 7,015 (224,047 ) 221,651 Income (loss) from discontinued operations, net of tax 223,630 229,281 — (5,651 ) (223,630 ) 223,630 Net income $ 445,281 $ 294,739 $ 151,574 $ 1,364 $ (447,677 ) $ 445,281 Condensed Consolidating Income Statement Six Months Ended November 30, 2014 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 1,344,234 $ 371,605 $ 119,172 $ (69,838 ) $ 1,765,173 Other — 684,773 1,006 29,076 (254,572 ) 460,283 Equity in net income of affiliates 209,606 — — — (209,606 ) — 209,606 2,029,007 372,611 148,248 (534,016 ) 2,225,456 Costs and expenses (income): Cost of uniform rental and facility services — 837,608 215,148 81,038 (137,296 ) 996,498 Cost of other — 440,349 (16,851 ) 17,920 (171,830 ) 269,588 Selling and administrative expenses — 622,655 (33,164 ) 37,524 (12,716 ) 614,299 Operating income 209,606 128,395 207,478 11,766 (212,174 ) 345,071 Gain on sale of stock of an equity method investment — — 21,739 — — 21,739 Interest income — (10 ) (63 ) — 1 (72 ) Interest expense (income) — 32,844 (327 ) (5 ) — 32,512 Income before income taxes 209,606 95,561 229,607 11,771 (212,175 ) 334,370 Income taxes — 35,296 85,846 3,652 (30 ) 124,764 Income from continuing operations 209,606 60,265 143,761 8,119 (212,145 ) 209,606 Income from discontinued operations, net of tax 20,914 19,219 — 1,695 (20,914 ) 20,914 Net income $ 230,520 $ 79,484 $ 143,761 $ 9,814 $ (233,059 ) $ 230,520 Condensed Consolidating Statement of Comprehensive Income Three Months Ended November 30, 2015 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income (loss) $ 345,100 $ 267,111 $ 79,931 $ (1,169 ) $ (345,873 ) $ 345,100 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (4,626 ) — (4,626 ) Cumulative translation adjustment on investment in Shred-it — 5,875 — 597 — 6,472 Amortization of interest rate lock agreements — 488 — — — 488 Change in fair value of available-for-sale securities — — — (10 ) — (10 ) Other comprehensive income (loss) — 6,363 — (4,039 ) — 2,324 Comprehensive income (loss) $ 345,100 $ 273,474 $ 79,931 $ (5,208 ) $ (345,873 ) $ 347,424 Condensed Consolidating Statement of Comprehensive Income Three Months Ended November 30, 2014 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 120,412 $ 46,334 $ 68,745 $ 6,637 $ (121,716 ) $ 120,412 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (9,778 ) — (9,778 ) Change in fair value of derivatives — — — (21 ) — (21 ) Amortization of interest rate lock agreements — 488 — — — 488 Change in fair value of available-for-sale securities — — — 3 — 3 Other comprehensive income (loss) — 488 — (9,796 ) — (9,308 ) Comprehensive income (loss) $ 120,412 $ 46,822 $ 68,745 $ (3,159 ) $ (121,716 ) $ 111,104 Condensed Consolidating Statement of Comprehensive Income Six Months Ended November 30, 2015 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 445,281 $ 294,739 $ 151,574 $ 1,364 $ (447,677 ) $ 445,281 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (16,639 ) — (16,639 ) Cumulative translation adjustment on investment in Shred-it — 5,875 — 597 — 6,472 Amortization of interest rate lock agreements — 976 — — — 976 Change in fair value of available-for-sale securities — — — (18 ) — (18 ) Other comprehensive income (loss) — 6,851 — (16,060 ) — (9,209 ) Comprehensive income (loss) $ 445,281 $ 301,590 $ 151,574 $ (14,696 ) $ (447,677 ) $ 436,072 Condensed Consolidating Statement of Comprehensive Income Six Months Ended November 30, 2014 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 230,520 $ 79,484 $ 143,761 $ 9,814 $ (233,059 ) $ 230,520 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (11,893 ) — (11,893 ) Change in fair value of derivatives — — — (4 ) — (4 ) Amortization of interest rate lock agreements — 976 — — — 976 Change in fair value of available-for-sale securities — — — 3 — 3 Other comprehensive income (loss) — 976 — (11,894 ) — (10,918 ) Comprehensive income (loss) $ 230,520 $ 80,460 $ 143,761 $ (2,080 ) $ (233,059 ) $ 219,602 Condensed Consolidating Balance Sheet As of November 30, 2015 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 107,831 $ 464,900 $ 34,054 $ — $ 606,785 Marketable securities — — — 65,826 — 65,826 Accounts receivable, net — 396,511 118,567 34,112 — 549,190 Inventories, net — 218,921 23,197 9,355 4 251,477 Uniforms and other rental items in service — 408,474 117,186 35,641 (18,770 ) 542,531 Prepaid expenses and other current assets — 6,339 20,085 1,047 — 27,471 Total current assets — 1,138,076 743,935 180,035 (18,766 ) 2,043,280 Property and equipment, at cost, net — 541,903 304,076 70,565 — 916,544 Investments 321,083 1,770,407 902,506 936,126 (3,803,575 ) 126,547 Goodwill — — 1,240,155 33,551 (112 ) 1,273,594 Service contracts, net — 68,288 21 1,874 — 70,183 Other assets, net 1,155,878 223,680 2,929,865 9,215 (4,297,994 ) 20,644 $ 1,476,961 $ 3,742,354 $ 6,120,558 $ 1,231,366 $ (8,120,447 ) $ 4,450,792 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ (465,247 ) $ (1,313,619 ) $ 1,849,138 $ 26,560 $ 38,011 $ 134,843 Accrued compensation and related liabilities — 42,180 19,472 4,234 — 65,886 Accrued liabilities — 89,580 343,029 11,104 — 443,713 Income taxes, current — 228,718 7,796 25 — 236,539 Long-term debt due within one year — 250,317 (317 ) — — 250,000 Total current liabilities (465,247 ) (702,824 ) 2,219,118 41,923 38,011 1,130,981 Long-term liabilities: Long-term debt due after one year — 1,058,135 (8,525 ) 390 — 1,050,000 Deferred income taxes — (418 ) 220,906 6,977 — 227,465 Accrued liabilities — — 116,854 964 — 117,818 Total long-term liabilities — 1,057,717 329,235 8,331 — 1,395,283 Total shareholders’ equity 1,942,208 3,387,461 3,572,205 1,181,112 (8,158,458 ) 1,924,528 $ 1,476,961 $ 3,742,354 $ 6,120,558 $ 1,231,366 $ (8,120,447 ) $ 4,450,792 Condensed Consolidating Balance Sheet As of May 31, 2015 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 74,145 $ 249,203 $ 93,725 $ — $ 417,073 Marketable securities — — — 16,081 — 16,081 Accounts receivable, net — 358,560 104,964 32,606 — 496,130 Inventories, net — 193,594 21,149 8,870 2,598 226,211 Uniforms and other rental items in service — 399,017 117,473 36,478 (18,963 ) 534,005 Income taxes, current — 1,191 (339 ) 84 — 936 Assets held for sale — 21,341 — — — 21,341 Prepaid expenses and other current assets — 5,514 17,492 1,024 — 24,030 Total current assets — 1,053,362 509,942 188,868 (16,365 ) 1,735,807 Property and equipment, at cost, net — 523,690 275,072 72,659 — 871,421 Investments 321,083 1,956,320 895,393 956,461 (3,799,565 ) 329,692 Goodwill — — 1,180,527 15,197 (112 ) 1,195,612 Service contracts, net — 42,400 34 — — 42,434 Other assets, net 1,154,596 12,373 2,741,950 3,572 (3,894,997 ) 17,494 $ 1,475,679 $ 3,588,145 $ 5,602,918 $ 1,236,757 $ (7,711,039 ) $ 4,192,460 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ (465,247 ) $ (877,042 ) $ 1,391,999 $ 21,876 $ 38,021 $ 109,607 Accrued compensation and related liabilities — 59,752 23,989 4,682 — 88,423 Accrued liabilities — 65,022 232,500 13,137 (724 ) 309,935 Liabilities held for sale — 704 — — — 704 Long-term debt due within one year — 293 (293 ) — — — Total current liabilities (465,247 ) (751,271 ) 1,648,195 39,695 37,297 508,669 Long-term liabilities: Long-term debt due after one year — 1,308,452 (9,766 ) 590 724 1,300,000 Deferred income taxes — (304 ) 333,929 5,702 — 339,327 Accrued liabilities — — 111,105 904 — 112,009 Total long-term liabilities — 1,308,148 435,268 7,196 724 1,751,336 Total shareholders’ equity 1,940,926 3,031,268 3,519,455 1,189,866 (7,749,060 ) 1,932,455 $ 1,475,679 $ 3,588,145 $ 5,602,918 $ 1,236,757 $ (7,711,039 ) $ 4,192,460 Condensed Consolidating Statement of Cash Flows Six Months Ended November 30, 2015 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 445,281 $ 294,739 $ 151,574 $ 1,364 $ (447,677 ) $ 445,281 Adjustments to reconcile net income to net cash provided by (used in) operating activities Depreciation — 43,675 24,787 4,668 — 73,130 Amortization of intangible assets — 7,248 337 179 — 7,764 Stock-based compensation 40,241 — — — — 40,241 Gain on Storage Transactions — (12,547 ) — (3,239 ) — (15,786 ) (Gain) loss on sale of investment in Shred-it Partnership — (384,707 ) — 10,681 — (374,026 ) Loss on investment in Shred-it Partnership — 22,470 — 1,818 — 24,288 Deferred income taxes — (93,097 ) (6,913 ) 1,587 — (98,423 ) Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (24,235 ) (13,603 ) (1,580 ) — (39,418 ) Inventories, net — (20,022 ) (2,048 ) (365 ) 2,594 (19,841 ) Uniforms and other rental items in service — (9,457 ) 287 (1,530 ) (193 ) (10,893 ) Prepaid expenses and other current assets — 187 (2,593 ) 37 — (2,369 ) Accounts payable — (383,328 ) 397,834 4,872 (10 ) 19,368 Accrued compensation and related liabilities — (17,572 ) (4,517 ) (682 ) — (22,771 ) Accrued liabilities and other — 995 666 (1,344 ) 724 1,041 Income taxes, current — 229,909 7,442 100 — 237,451 Net cash provided by (used in) operating activities 485,522 (345,742 ) 553,253 16,566 (444,562 ) 265,037 Cash flows from investing activities: Capital expenditures — (61,196 ) (53,804 ) (6,817 ) — (121,817 ) Proceeds from redemption of marketable securities — — — 212,081 — 212,081 Purchase of marketable securities and investments — (3,437 ) (7,549 ) (264,365 ) 4,010 (271,341 ) Proceeds from Storage Transactions, net of cash contributed — 32,099 — 3,239 — 35,338 Proceeds from sale of investment in Shred-it Partnership — 565,643 — 12,614 — 578,257 Acquisitions of businesses, net of cash acquired — (96,465 ) — (24,772 ) — (121,237 ) Other, net (100,673 ) (57,883 ) (277,201 ) (3,532 ) 441,276 1,987 Net cash (used in) provided by investing activities (100,673 ) 378,761 (338,554 ) (71,552 ) 445,286 313,268 Cash flows from financing activities: Proceeds from issuance of debt — — (55 ) 55 — — Repayment of debt — (309 ) 1,053 (36 ) (724 ) (16 ) Exercise of stock-based compensation awards 17,444 — — — — 17,444 Repurchase of common stock (402,293 ) — — — — (402,293 ) Other, net — 976 — (330 ) — 646 Net cash (used in) provided by financing activities (384,849 ) 667 998 (311 ) (724 ) (384,219 ) Effect of exchange rate changes on cash and cash equivalents — — — (4,374 ) — (4,374 ) Net increase (decrease) in cash and cash equivalents — 33,686 215,697 (59,671 ) — 189,712 Cash and cash equivalents at beginning of period — 74,145 249,203 93,725 — 417,073 Cash and cash equivalents at end of period $ — $ 107,831 $ 464,900 $ 34,054 $ — $ 606,785 Condensed Consolidating Statement of Cash Flows Six Months Ended November 30, 2014 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 230,520 $ 79,484 $ 143,761 $ 9,814 $ (233,059 ) $ 230,520 Adjustments to reconcile net income to net cash provided by (used in) operating activities Depreciation — 38,814 25,972 5,665 — 70,451 Amortization of intangible assets — 7,251 27 424 — 7,702 Stock-based compensation 24,785 — — — — 24,785 Gain on Storage Transactions — (31,113 ) — (3,024 ) — (34,137 ) Gain on investment in Shred-it Partnership — (6,619 ) — — — (6,619 ) Gain on sale of stock of an equity method investment — — (21,739 ) — — (21,739 ) Deferred income taxes — 26 9,073 1,247 — 10,346 Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (6,468 ) (8,938 ) 2,659 — (12,747 ) Inventories, net — 10,737 3,258 (898 ) 1,750 14,847 Uniforms and other rental items in service — (17,000 ) (5,155 ) (2,101 ) 783 (23,473 ) Prepaid expenses and other current assets — 327 (2,943 ) (6 ) — (2,622 ) Accounts payable — (144,224 ) 171,596 605 5 27,982 Accrued compensation and related liabilities — (16,742 ) (6,148 ) (2,221 ) — (25,111 ) Accrued liabilities and other — (8,174 ) 28,401 3,807 746 24,780 Income taxes, current — 11,945 (3,814 ) (523 ) — 7,608 Net cash provided by (used in) operating activities 255,305 (81,756 ) 333,351 15,448 (229,775 ) 292,573 Cash flows from investing activities: Capital expenditures — (49,870 ) (57,388 ) (5,767 ) — (113,025 ) Purchase of marketable securities and investments — (2,020 ) 55,053 — (65,011 ) (11,978 ) Proceeds from Storage Transactions, net of cash contributed — 93,387 — 60,609 — 153,996 Proceeds from Shredding Transaction — 3,344 — — — 3,344 Proceeds from sale of stock of an equity method investment — — 29,933 — — 29,933 Dividends received on equity method investment — — 5,247 — — 5,247 Acquisitions of businesses, net of cash acquired — (3,015 ) — — — (3,015 ) Other, net (214,210 ) 44,502 (126,280 ) 2,137 295,532 1,681 Net cash (used in) provided by investing activities (214,210 ) 86,328 (93,435 ) 56,979 230,521 66,183 Cash flows from financing activities: Repayment of debt — (634 ) 1,114 (98 ) (746 ) (364 ) Exercise of stock-based compensation awards 22,478 — — (6 ) — 22,472 Repurchase of common stock (63,573 ) — — — — (63,573 ) Other, net — 976 — 782 — 1,758 Net cash (used in) provided by financing activities (41,095 ) 342 1,114 678 (746 ) (39,707 ) Effect of exchange rate changes on cash and cash equivalents — — — (5,613 ) — (5,613 ) Net increase in cash and cash equivalents — 4,914 241,030 67,492 — 313,436 Cash and cash equivalents at beginning of period — 73,540 399,525 40,223 — 513,288 Cash and cash equivalents at end of period $ — $ 78,454 $ 640,555 $ 107,715 $ — $ 826,724

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
	Nov. 30, 2015
Accounting Policies [Abstract]
New Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2014-09, ‘‘Revenue from Contracts with Customers (Topic 606),’’ to clarify revenue recognition principles. This guidance is intended to improve disclosure requirements and enhance the comparability of revenue recognition practices. Improved disclosures under the amended guidance relate to the nature, amount, timing and uncertainty of revenue that is recognized from contracts with customers. This guidance will be effective for reporting periods beginning after December 15, 2017 and will be required to be applied retrospectively. Early application of the amendments in this update is not permitted. Cintas is currently evaluating the impact that ASU 2014-09 will have on its consolidated condensed financial statements. In April 2014, the FASB issued ASU 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” which amended accounting guidance related to the reporting of discontinued operations and disclosures of disposals of components of an entity. The amended guidance changes the thresholds for disposals to qualify as discontinued operations and requires additional disclosures. This guidance is effective for reporting periods beginning after December 15, 2014 and is required to be applied prospectively. Cintas adopted ASU 2014-08 during the quarter ended August 31, 2015 and applied the amended accounting guidance to its investment in Shred-it and will apply it to future transactions, as appropriate. In April 2015, the FASB issued ASU 2015-17, “Balance Sheet Classifications of Deferred Taxes,” which amended accounting guidance related to the presentation of deferred tax liabilities and assets. The amended guidance requires that all deferred tax liabilities and assets be classified as noncurrent on the balance sheet. This guidance is effective for reporting periods beginning after December 15, 2016; however, early adoption is permitted. This guidance can also be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Cintas adopted ASU 2015-17 during the quarter ended November 30, 2015 and has applied this amended accounting guidance to its deferred tax liabilities and assets for all periods presented. No other new accounting pronouncement recently issued or newly effective had or is expected to have a material impact on the Consolidated Condensed Financial Statements.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
	Nov. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Inventory	Inventory is comprised of the following amounts at: (In thousands) November 30, May 31, Raw materials $ 18,222 $ 16,935 Work in process 18,344 17,079 Finished goods 214,911 192,197 $ 251,477 $ 226,211

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Nov. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Instruments Measured on a Recurring Basis	These financial instruments measured at fair value on a recurring basis are summarized below: As of November 30, 2015 (In thousands) Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 556,809 $ 49,976 $ — $ 606,785 Marketable securities: Canadian treasury securities — 65,826 — 65,826 Total assets at fair value $ 556,809 $ 115,802 $ — $ 672,611 As of May 31, 2015 (In thousands) Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 417,073 $ — $ — $ 417,073 Marketable securities: Canadian treasury securities — 16,081 — 16,081 Total assets at fair value $ 417,073 $ 16,081 $ — $ 433,154

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Nov. 30, 2015
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	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: Three Months Ended Six Months Ended (In thousands except per share data) November 30, November 30, November 30, November 30, Basic Earnings per Share from Continuing Operations Income from continuing operations $ 115,453 $ 103,701 $ 221,651 $ 209,606 Less: income from continuing operations allocated to participating securities 1,887 1,342 3,629 1,933 Income from continuing operations available to common shareholders $ 113,566 $ 102,359 $ 218,022 $ 207,673 Basic weighted average common shares outstanding 108,301 117,115 109,455 116,887 Basic earnings per share from continuing operations $ 1.05 $ 0.88 $ 1.99 $ 1.78 Three Months Ended Six Months Ended (In thousands except per share data) November 30, November 30, November 30, November 30, Diluted Earnings per Share from Continuing Operations Income from continuing operations $ 115,453 $ 103,701 $ 221,651 $ 209,606 Less: income from continuing operations allocated to participating securities 1,887 1,342 3,629 1,933 Income from continuing operations available to common shareholders $ 113,566 $ 102,359 $ 218,022 $ 207,673 Basic weighted average common shares outstanding 108,301 117,115 109,455 116,887 Effect of dilutive securities – employee stock options 1,812 1,540 1,685 1,447 Diluted weighted average common shares outstanding 110,113 118,655 111,140 118,334 Diluted earnings per share from continuing operations $ 1.03 $ 0.86 $ 1.96 $ 1.75
Summary of Share Buyback Program	The following table summarizes the buyback activity by program and fiscal period: (In thousands except per share data) Three Months Ended November 30, 2015 Six Months Ended November 30, 2015 Buyback Program Shares Avg. Price per Share Purchase Price Shares Avg. Price per Share Purchase Price January 13, 2015 713 $ 84.74 $ 60,409 3,078 $ 85.44 $ 262,937 August 4, 2015 1,396 $ 85.94 $ 119,981 1,396 $ 85.94 $ 119,981 2,109 $ 85.53 $ 180,390 4,474 $ 85.59 $ 382,918

Goodwill, Service Contracts a26

Goodwill, Service Contracts and Other Assets (Tables)	6 Months Ended
	Nov. 30, 2015
Goodwill, Service Contracts and Other Assets [Abstract]
Changes in Carrying Amount of Goodwill by Operating Segment	Changes in the carrying amount of goodwill and service contracts for the six months ended November 30, 2015 , by reportable operating segment and All Other, are as follows: Goodwill (in thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Total Balance as of June 1, 2015 $ 943,909 $ 154,954 $ 96,749 $ 1,195,612 Goodwill acquired — 79,248 54 79,302 Foreign currency translation (983 ) (285 ) (52 ) (1,320 ) Balance as of November 30, 2015 $ 942,926 $ 233,917 $ 96,751 $ 1,273,594
Changes in the Carrying Amount of Service Contracts by Operating Segment	Service Contracts (in thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Total Balance as of June 1, 2015 $ 6,677 $ 1,576 $ 34,181 $ 42,434 Service contracts acquired — 34,000 940 34,940 Service contracts amortization (2,146 ) (1,424 ) (3,559 ) (7,129 ) Foreign currency translation — (62 ) — (62 ) Balance as of November 30, 2015 $ 4,531 $ 34,090 $ 31,562 $ 70,183
Information Regarding Service Contracts and Other Assets	Information regarding Cintas’ service contracts and other assets is as follows: As of November 30, 2015 (In thousands) Carrying Amount Accumulated Amortization Net Service contracts $ 374,292 $ 304,109 $ 70,183 Noncompete and consulting agreements $ 42,262 $ 40,662 $ 1,600 Other 27,529 8,485 19,044 Total other assets $ 69,791 $ 49,147 $ 20,644 As of May 31, 2015 (In thousands) Carrying Amount Accumulated Amortization Net Service contracts $ 340,816 $ 298,382 $ 42,434 Noncompete and consulting agreements $ 41,828 $ 40,379 $ 1,449 Other 23,595 7,550 16,045 Total other assets $ 65,423 $ 47,929 $ 17,494

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Nov. 30, 2015
Business Combinations [Abstract]
Schedule of Assets Acquired and Liabilities Assumed	The assets acquired and liabilities assumed are valued at the estimated fair value at the acquisition date as required by GAAP. (In thousands) Assets: Cash and cash equivalents $ 333 Accounts receivable 16,705 Inventory 5,987 Other current assets 1,443 Property, plant and equipment 1,331 Goodwill 79,248 Service contracts 34,000 Other intangibles 4,500 Liabilities: Accounts payable (7,195 ) Accrued liabilities (2,352 ) Total Consideration $ 134,000

Accumulated Other Comprehensi28

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Nov. 30, 2015
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive income (loss), net of tax: (In thousands) Foreign Currency Unrealized Loss on Derivatives Other Total Balance at June 1, 2015 $ 2,987 $ (10,626 ) $ (832 ) $ (8,471 ) Other comprehensive loss before reclassifications (12,013 ) — (8 ) (12,021 ) Amounts reclassified from accumulated other comprehensive income (loss) — 488 — 488 Net current period other comprehensive (loss) income (12,013 ) 488 (8 ) (11,533 ) Balance at August 31, 2015 (9,026 ) (10,138 ) (840 ) (20,004 ) Other comprehensive loss before reclassifications (4,626 ) — (10 ) (4,636 ) Amounts reclassified from accumulated other comprehensive income (loss) 6,472 488 — 6,960 Net current period other comprehensive income (loss) 1,846 488 (10 ) 2,324 Balance at November 30, 2015 $ (7,180 ) $ (9,650 ) $ (850 ) $ (17,680 ) (In thousands) Foreign Currency Unrealized Loss on Derivatives Other Total Balance at June 1, 2014 $ 41,525 $ (12,615 ) $ (482 ) $ 28,428 Other comprehensive (loss) income before reclassifications (2,115 ) 17 — (2,098 ) Amounts reclassified from accumulated other comprehensive income (loss) — 488 — 488 Net current period other comprehensive (loss) income (2,115 ) 505 — (1,610 ) Balance at August 31, 2014 39,410 (12,110 ) (482 ) 26,818 Other comprehensive (loss) income before reclassifications (9,778 ) (21 ) 3 (9,796 ) Amounts reclassified from accumulated other comprehensive income (loss) — 488 — 488 Net current period other comprehensive (loss) income (9,778 ) 467 3 (9,308 ) Balance at November 30, 2014 $ 29,632 $ (11,643 ) $ (479 ) $ 17,510
Schedule of Reclassifications Out of Accumulated Other Comprehensive (Loss) Income	The following table summarizes the reclassifications out of accumulated other comprehensive (loss) income: Reclassifications out of Accumulated Other Comprehensive (Loss) Income Details about Accumulated Other Comprehensive (Loss) Income Components Amount Reclassified from Accumulated Other Comprehensive (Loss) Income Affected Line in the Consolidated Condensed Statements of Income Three Months Ended Six Months Ended (In thousands) November 30, 2015 November 30, 2014 November 30, 2015 November 30, 2014 Amortization of interest rate locks $ (783 ) $ (783 ) $ (1,565 ) $ (1,565 ) Interest expense Tax benefit 295 295 589 589 Income taxes Amortization of interest rate locks, net of tax $ (488 ) $ (488 ) $ (976 ) $ (976 ) Net of tax Three Months Ended Six Months Ended (In thousands) November 30, 2015 November 30, 2014 November 30, 2015 November 30, 2014 Cumulative translation adjustment on investment in Shred-it $ (10,381 ) $ — $ (10,381 ) $ — Income from discontinued operations Tax benefit 3,909 — 3,909 — Income from discontinued operations Cumulative translation adjustment on investment in Shred-it, net of tax $ (6,472 ) $ — $ (6,472 ) $ — Net of tax

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Nov. 30, 2015
Segment Reporting [Abstract]
Information Related to Operating Segments	Information related to the operations of Cintas’ operating segments is set forth below: (In thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Corporate (1) Total For the three months ended November 30, 2015 Revenue $ 937,704 $ 120,438 $ 160,938 $ — $ 1,219,080 Income (loss) before income taxes $ 169,295 $ 14,847 $ 16,207 $ (16,060 ) $ 184,289 For the three months ended November 30, 2014 Revenue $ 891,475 $ 82,271 $ 149,633 $ — $ 1,123,379 Income (loss) before income taxes $ 159,567 $ 11,777 $ 10,239 $ (15,910 ) $ 165,673 As of and for the six months ended November 30, 2015 Revenue $ 1,876,112 $ 219,926 $ 321,932 $ — $ 2,417,970 Income (loss) before income taxes $ 334,676 $ 23,439 $ 27,741 $ (32,353 ) $ 353,503 Total assets $ 2,995,616 $ 426,673 $ 355,892 $ 672,611 $ 4,450,792 As of and for the six months ended November 30, 2014 Revenue $ 1,765,173 $ 162,195 $ 298,088 $ — $ 2,225,456 Income (loss) before income taxes $ 304,383 $ 20,924 $ 19,764 $ (10,701 ) $ 334,370 Total assets $ 2,907,484 $ 263,996 $ 336,604 $ 1,189,487 $ 4,697,571 (1) Corporate assets include cash and marketable securities in all periods. Corporate assets as of November 30, 2014 include the investment in the Shred-it Partnership and the Storage assets that were classified as held for sale.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Nov. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	Following is selected financial information included in net income from discontinued operations for the Shredding and Storage businesses: Three Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, 2014 (1) Revenue $ — $ 10,594 $ — $ 31,379 Income (loss) before income taxes 845 (5,687 ) 1,082 (5,112 ) Income tax (expense) benefit (336 ) 2,206 (421 ) 1,966 Gain on Storage Transactions 10,943 34,137 15,786 34,137 (Loss) gain on investment in Shred-it Partnership (1) (9,772 ) — (24,288 ) 6,619 Gain on sale of investment in Shred-it Partnership 374,026 — 374,026 — Income tax expense on net gain (loss) (146,059 ) (13,945 ) (142,555 ) (16,696 ) Net income from discontinued operations $ 229,647 $ 16,711 $ 223,630 $ 20,914 (1) Results for the three and six months ended November 30, 2014 related to the gain on the investment in Shred-it Partnership were previously presented in continuing operations and were reclassified to discontinued operations as previously discussed.

Supplemental Guarantor Inform31

Supplemental Guarantor Information (Tables)	6 Months Ended
	Nov. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Income Statement	Condensed Consolidating Income Statement Three Months Ended November 30, 2015 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 723,216 $ 199,877 $ 53,674 $ (39,063 ) $ 937,704 Other — 394,257 740 17,516 (131,137 ) 281,376 Equity in net income of affiliates 115,453 — — — (115,453 ) — 115,453 1,117,473 200,617 71,190 (285,653 ) 1,219,080 Costs and expenses (income): Cost of uniform rental and facility services — 455,311 112,832 37,596 (79,648 ) 526,091 Cost of other — 248,687 (8,734 ) 10,655 (85,019 ) 165,589 Selling and administrative expenses — 345,802 (30,159 ) 16,140 (4,732 ) 327,051 Operating income 115,453 67,673 126,678 6,799 (116,254 ) 200,349 Interest income — (12 ) (68 ) (31 ) — (111 ) Interest expense (income) — 16,427 (256 ) — — 16,171 Income before income taxes 115,453 51,258 127,002 6,830 (116,254 ) 184,289 Income taxes — 18,751 47,071 3,042 (28 ) 68,836 Income from continuing operations 115,453 32,507 79,931 3,788 (116,226 ) 115,453 Income (loss) from discontinued operations, net of tax 229,647 234,604 — (4,957 ) (229,647 ) 229,647 Net income (loss) $ 345,100 $ 267,111 $ 79,931 $ (1,169 ) $ (345,873 ) $ 345,100 Condensed Consolidating Income Statement Three Months Ended November 30, 2014 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 678,360 $ 188,424 $ 59,311 $ (34,620 ) $ 891,475 Other — 348,293 525 15,332 (132,246 ) 231,904 Equity in net income of affiliates 103,701 — — — (103,701 ) — 103,701 1,026,653 188,949 74,643 (270,567 ) 1,123,379 Costs and expenses (income): Cost of uniform rental and facility services — 429,237 104,226 40,756 (68,396 ) 505,823 Cost of other — 222,407 (6,194 ) 8,963 (89,044 ) 136,132 Selling and administrative expenses — 308,653 (19,158 ) 18,450 (8,104 ) 299,841 Operating income 103,701 66,356 110,075 6,474 (105,023 ) 181,583 Interest income — (5 ) (15 ) — 1 (19 ) Interest expense (income) — 16,435 (497 ) (9 ) — 15,929 Income before income taxes 103,701 49,926 110,587 6,483 (105,024 ) 165,673 Income taxes — 18,548 41,842 1,601 (19 ) 61,972 Income from continuing operations 103,701 31,378 68,745 4,882 (105,005 ) 103,701 Income from discontinued operations, net of tax 16,711 14,956 — 1,755 (16,711 ) 16,711 Net income $ 120,412 $ 46,334 $ 68,745 $ 6,637 $ (121,716 ) $ 120,412 Condensed Consolidating Income Statement Six Months Ended November 30, 2015 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 1,444,545 $ 402,142 $ 107,686 $ (78,261 ) $ 1,876,112 Other — 766,868 2,033 32,327 (259,370 ) 541,858 Equity in net income of affiliates 221,651 — — — (221,651 ) — 221,651 2,211,413 404,175 140,013 (559,282 ) 2,417,970 Costs and expenses (income): Cost of uniform rental and facility services — 895,891 229,664 74,953 (155,914 ) 1,044,594 Cost of other — 486,056 (17,377 ) 20,225 (167,072 ) 321,832 Selling and administrative expenses — 692,878 (49,014 ) 34,020 (12,196 ) 665,688 Operating income 221,651 136,588 240,902 10,815 (224,100 ) 385,856 Interest income — (12 ) (116 ) (102 ) — (230 ) Interest expense (income) — 32,802 (218 ) (1 ) — 32,583 Income before income taxes 221,651 103,798 241,236 10,918 (224,100 ) 353,503 Income taxes — 38,340 89,662 3,903 (53 ) 131,852 Income from continuing operations 221,651 65,458 151,574 7,015 (224,047 ) 221,651 Income (loss) from discontinued operations, net of tax 223,630 229,281 — (5,651 ) (223,630 ) 223,630 Net income $ 445,281 $ 294,739 $ 151,574 $ 1,364 $ (447,677 ) $ 445,281 Condensed Consolidating Income Statement Six Months Ended November 30, 2014 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 1,344,234 $ 371,605 $ 119,172 $ (69,838 ) $ 1,765,173 Other — 684,773 1,006 29,076 (254,572 ) 460,283 Equity in net income of affiliates 209,606 — — — (209,606 ) — 209,606 2,029,007 372,611 148,248 (534,016 ) 2,225,456 Costs and expenses (income): Cost of uniform rental and facility services — 837,608 215,148 81,038 (137,296 ) 996,498 Cost of other — 440,349 (16,851 ) 17,920 (171,830 ) 269,588 Selling and administrative expenses — 622,655 (33,164 ) 37,524 (12,716 ) 614,299 Operating income 209,606 128,395 207,478 11,766 (212,174 ) 345,071 Gain on sale of stock of an equity method investment — — 21,739 — — 21,739 Interest income — (10 ) (63 ) — 1 (72 ) Interest expense (income) — 32,844 (327 ) (5 ) — 32,512 Income before income taxes 209,606 95,561 229,607 11,771 (212,175 ) 334,370 Income taxes — 35,296 85,846 3,652 (30 ) 124,764 Income from continuing operations 209,606 60,265 143,761 8,119 (212,145 ) 209,606 Income from discontinued operations, net of tax 20,914 19,219 — 1,695 (20,914 ) 20,914 Net income $ 230,520 $ 79,484 $ 143,761 $ 9,814 $ (233,059 ) $ 230,520
Condensed Consolidating Statement of Comprehensive Income	Condensed Consolidating Statement of Comprehensive Income Three Months Ended November 30, 2015 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income (loss) $ 345,100 $ 267,111 $ 79,931 $ (1,169 ) $ (345,873 ) $ 345,100 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (4,626 ) — (4,626 ) Cumulative translation adjustment on investment in Shred-it — 5,875 — 597 — 6,472 Amortization of interest rate lock agreements — 488 — — — 488 Change in fair value of available-for-sale securities — — — (10 ) — (10 ) Other comprehensive income (loss) — 6,363 — (4,039 ) — 2,324 Comprehensive income (loss) $ 345,100 $ 273,474 $ 79,931 $ (5,208 ) $ (345,873 ) $ 347,424 Condensed Consolidating Statement of Comprehensive Income Three Months Ended November 30, 2014 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 120,412 $ 46,334 $ 68,745 $ 6,637 $ (121,716 ) $ 120,412 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (9,778 ) — (9,778 ) Change in fair value of derivatives — — — (21 ) — (21 ) Amortization of interest rate lock agreements — 488 — — — 488 Change in fair value of available-for-sale securities — — — 3 — 3 Other comprehensive income (loss) — 488 — (9,796 ) — (9,308 ) Comprehensive income (loss) $ 120,412 $ 46,822 $ 68,745 $ (3,159 ) $ (121,716 ) $ 111,104 Condensed Consolidating Statement of Comprehensive Income Six Months Ended November 30, 2015 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 445,281 $ 294,739 $ 151,574 $ 1,364 $ (447,677 ) $ 445,281 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (16,639 ) — (16,639 ) Cumulative translation adjustment on investment in Shred-it — 5,875 — 597 — 6,472 Amortization of interest rate lock agreements — 976 — — — 976 Change in fair value of available-for-sale securities — — — (18 ) — (18 ) Other comprehensive income (loss) — 6,851 — (16,060 ) — (9,209 ) Comprehensive income (loss) $ 445,281 $ 301,590 $ 151,574 $ (14,696 ) $ (447,677 ) $ 436,072 Condensed Consolidating Statement of Comprehensive Income Six Months Ended November 30, 2014 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 230,520 $ 79,484 $ 143,761 $ 9,814 $ (233,059 ) $ 230,520 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (11,893 ) — (11,893 ) Change in fair value of derivatives — — — (4 ) — (4 ) Amortization of interest rate lock agreements — 976 — — — 976 Change in fair value of available-for-sale securities — — — 3 — 3 Other comprehensive income (loss) — 976 — (11,894 ) — (10,918 ) Comprehensive income (loss) $ 230,520 $ 80,460 $ 143,761 $ (2,080 ) $ (233,059 ) $ 219,602
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet As of November 30, 2015 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 107,831 $ 464,900 $ 34,054 $ — $ 606,785 Marketable securities — — — 65,826 — 65,826 Accounts receivable, net — 396,511 118,567 34,112 — 549,190 Inventories, net — 218,921 23,197 9,355 4 251,477 Uniforms and other rental items in service — 408,474 117,186 35,641 (18,770 ) 542,531 Prepaid expenses and other current assets — 6,339 20,085 1,047 — 27,471 Total current assets — 1,138,076 743,935 180,035 (18,766 ) 2,043,280 Property and equipment, at cost, net — 541,903 304,076 70,565 — 916,544 Investments 321,083 1,770,407 902,506 936,126 (3,803,575 ) 126,547 Goodwill — — 1,240,155 33,551 (112 ) 1,273,594 Service contracts, net — 68,288 21 1,874 — 70,183 Other assets, net 1,155,878 223,680 2,929,865 9,215 (4,297,994 ) 20,644 $ 1,476,961 $ 3,742,354 $ 6,120,558 $ 1,231,366 $ (8,120,447 ) $ 4,450,792 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ (465,247 ) $ (1,313,619 ) $ 1,849,138 $ 26,560 $ 38,011 $ 134,843 Accrued compensation and related liabilities — 42,180 19,472 4,234 — 65,886 Accrued liabilities — 89,580 343,029 11,104 — 443,713 Income taxes, current — 228,718 7,796 25 — 236,539 Long-term debt due within one year — 250,317 (317 ) — — 250,000 Total current liabilities (465,247 ) (702,824 ) 2,219,118 41,923 38,011 1,130,981 Long-term liabilities: Long-term debt due after one year — 1,058,135 (8,525 ) 390 — 1,050,000 Deferred income taxes — (418 ) 220,906 6,977 — 227,465 Accrued liabilities — — 116,854 964 — 117,818 Total long-term liabilities — 1,057,717 329,235 8,331 — 1,395,283 Total shareholders’ equity 1,942,208 3,387,461 3,572,205 1,181,112 (8,158,458 ) 1,924,528 $ 1,476,961 $ 3,742,354 $ 6,120,558 $ 1,231,366 $ (8,120,447 ) $ 4,450,792 Condensed Consolidating Balance Sheet As of May 31, 2015 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 74,145 $ 249,203 $ 93,725 $ — $ 417,073 Marketable securities — — — 16,081 — 16,081 Accounts receivable, net — 358,560 104,964 32,606 — 496,130 Inventories, net — 193,594 21,149 8,870 2,598 226,211 Uniforms and other rental items in service — 399,017 117,473 36,478 (18,963 ) 534,005 Income taxes, current — 1,191 (339 ) 84 — 936 Assets held for sale — 21,341 — — — 21,341 Prepaid expenses and other current assets — 5,514 17,492 1,024 — 24,030 Total current assets — 1,053,362 509,942 188,868 (16,365 ) 1,735,807 Property and equipment, at cost, net — 523,690 275,072 72,659 — 871,421 Investments 321,083 1,956,320 895,393 956,461 (3,799,565 ) 329,692 Goodwill — — 1,180,527 15,197 (112 ) 1,195,612 Service contracts, net — 42,400 34 — — 42,434 Other assets, net 1,154,596 12,373 2,741,950 3,572 (3,894,997 ) 17,494 $ 1,475,679 $ 3,588,145 $ 5,602,918 $ 1,236,757 $ (7,711,039 ) $ 4,192,460 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ (465,247 ) $ (877,042 ) $ 1,391,999 $ 21,876 $ 38,021 $ 109,607 Accrued compensation and related liabilities — 59,752 23,989 4,682 — 88,423 Accrued liabilities — 65,022 232,500 13,137 (724 ) 309,935 Liabilities held for sale — 704 — — — 704 Long-term debt due within one year — 293 (293 ) — — — Total current liabilities (465,247 ) (751,271 ) 1,648,195 39,695 37,297 508,669 Long-term liabilities: Long-term debt due after one year — 1,308,452 (9,766 ) 590 724 1,300,000 Deferred income taxes — (304 ) 333,929 5,702 — 339,327 Accrued liabilities — — 111,105 904 — 112,009 Total long-term liabilities — 1,308,148 435,268 7,196 724 1,751,336 Total shareholders’ equity 1,940,926 3,031,268 3,519,455 1,189,866 (7,749,060 ) 1,932,455 $ 1,475,679 $ 3,588,145 $ 5,602,918 $ 1,236,757 $ (7,711,039 ) $ 4,192,460
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows Six Months Ended November 30, 2015 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 445,281 $ 294,739 $ 151,574 $ 1,364 $ (447,677 ) $ 445,281 Adjustments to reconcile net income to net cash provided by (used in) operating activities Depreciation — 43,675 24,787 4,668 — 73,130 Amortization of intangible assets — 7,248 337 179 — 7,764 Stock-based compensation 40,241 — — — — 40,241 Gain on Storage Transactions — (12,547 ) — (3,239 ) — (15,786 ) (Gain) loss on sale of investment in Shred-it Partnership — (384,707 ) — 10,681 — (374,026 ) Loss on investment in Shred-it Partnership — 22,470 — 1,818 — 24,288 Deferred income taxes — (93,097 ) (6,913 ) 1,587 — (98,423 ) Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (24,235 ) (13,603 ) (1,580 ) — (39,418 ) Inventories, net — (20,022 ) (2,048 ) (365 ) 2,594 (19,841 ) Uniforms and other rental items in service — (9,457 ) 287 (1,530 ) (193 ) (10,893 ) Prepaid expenses and other current assets — 187 (2,593 ) 37 — (2,369 ) Accounts payable — (383,328 ) 397,834 4,872 (10 ) 19,368 Accrued compensation and related liabilities — (17,572 ) (4,517 ) (682 ) — (22,771 ) Accrued liabilities and other — 995 666 (1,344 ) 724 1,041 Income taxes, current — 229,909 7,442 100 — 237,451 Net cash provided by (used in) operating activities 485,522 (345,742 ) 553,253 16,566 (444,562 ) 265,037 Cash flows from investing activities: Capital expenditures — (61,196 ) (53,804 ) (6,817 ) — (121,817 ) Proceeds from redemption of marketable securities — — — 212,081 — 212,081 Purchase of marketable securities and investments — (3,437 ) (7,549 ) (264,365 ) 4,010 (271,341 ) Proceeds from Storage Transactions, net of cash contributed — 32,099 — 3,239 — 35,338 Proceeds from sale of investment in Shred-it Partnership — 565,643 — 12,614 — 578,257 Acquisitions of businesses, net of cash acquired — (96,465 ) — (24,772 ) — (121,237 ) Other, net (100,673 ) (57,883 ) (277,201 ) (3,532 ) 441,276 1,987 Net cash (used in) provided by investing activities (100,673 ) 378,761 (338,554 ) (71,552 ) 445,286 313,268 Cash flows from financing activities: Proceeds from issuance of debt — — (55 ) 55 — — Repayment of debt — (309 ) 1,053 (36 ) (724 ) (16 ) Exercise of stock-based compensation awards 17,444 — — — — 17,444 Repurchase of common stock (402,293 ) — — — — (402,293 ) Other, net — 976 — (330 ) — 646 Net cash (used in) provided by financing activities (384,849 ) 667 998 (311 ) (724 ) (384,219 ) Effect of exchange rate changes on cash and cash equivalents — — — (4,374 ) — (4,374 ) Net increase (decrease) in cash and cash equivalents — 33,686 215,697 (59,671 ) — 189,712 Cash and cash equivalents at beginning of period — 74,145 249,203 93,725 — 417,073 Cash and cash equivalents at end of period $ — $ 107,831 $ 464,900 $ 34,054 $ — $ 606,785 Condensed Consolidating Statement of Cash Flows Six Months Ended November 30, 2014 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 230,520 $ 79,484 $ 143,761 $ 9,814 $ (233,059 ) $ 230,520 Adjustments to reconcile net income to net cash provided by (used in) operating activities Depreciation — 38,814 25,972 5,665 — 70,451 Amortization of intangible assets — 7,251 27 424 — 7,702 Stock-based compensation 24,785 — — — — 24,785 Gain on Storage Transactions — (31,113 ) — (3,024 ) — (34,137 ) Gain on investment in Shred-it Partnership — (6,619 ) — — — (6,619 ) Gain on sale of stock of an equity method investment — — (21,739 ) — — (21,739 ) Deferred income taxes — 26 9,073 1,247 — 10,346 Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (6,468 ) (8,938 ) 2,659 — (12,747 ) Inventories, net — 10,737 3,258 (898 ) 1,750 14,847 Uniforms and other rental items in service — (17,000 ) (5,155 ) (2,101 ) 783 (23,473 ) Prepaid expenses and other current assets — 327 (2,943 ) (6 ) — (2,622 ) Accounts payable — (144,224 ) 171,596 605 5 27,982 Accrued compensation and related liabilities — (16,742 ) (6,148 ) (2,221 ) — (25,111 ) Accrued liabilities and other — (8,174 ) 28,401 3,807 746 24,780 Income taxes, current — 11,945 (3,814 ) (523 ) — 7,608 Net cash provided by (used in) operating activities 255,305 (81,756 ) 333,351 15,448 (229,775 ) 292,573 Cash flows from investing activities: Capital expenditures — (49,870 ) (57,388 ) (5,767 ) — (113,025 ) Purchase of marketable securities and investments — (2,020 ) 55,053 — (65,011 ) (11,978 ) Proceeds from Storage Transactions, net of cash contributed — 93,387 — 60,609 — 153,996 Proceeds from Shredding Transaction — 3,344 — — — 3,344 Proceeds from sale of stock of an equity method investment — — 29,933 — — 29,933 Dividends received on equity method investment — — 5,247 — — 5,247 Acquisitions of businesses, net of cash acquired — (3,015 ) — — — (3,015 ) Other, net (214,210 ) 44,502 (126,280 ) 2,137 295,532 1,681 Net cash (used in) provided by investing activities (214,210 ) 86,328 (93,435 ) 56,979 230,521 66,183 Cash flows from financing activities: Repayment of debt — (634 ) 1,114 (98 ) (746 ) (364 ) Exercise of stock-based compensation awards 22,478 — — (6 ) — 22,472 Repurchase of common stock (63,573 ) — — — — (63,573 ) Other, net — 976 — 782 — 1,758 Net cash (used in) provided by financing activities (41,095 ) 342 1,114 678 (746 ) (39,707 ) Effect of exchange rate changes on cash and cash equivalents — — — (5,613 ) — (5,613 ) Net increase in cash and cash equivalents — 4,914 241,030 67,492 — 313,436 Cash and cash equivalents at beginning of period — 73,540 399,525 40,223 — 513,288 Cash and cash equivalents at end of period $ — $ 78,454 $ 640,555 $ 107,715 $ — $ 826,724

Basis of Presentation - Invento

Basis of Presentation - Inventories (Details) - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 18,222	$ 16,935
Work in process	18,344	17,079
Finished goods	214,911	192,197
Inventories, net	$ 251,477	$ 226,211

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments on a Recurring Basis (Details) - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015
Fair value on a recurring basis
Marketable securities	$ 65,826	$ 16,081
Fair Value, Measurements, Recurring
Fair value on a recurring basis
Cash and cash equivalents	606,785	417,073
Total assets at fair value	672,611	433,154
Level 1 | Fair Value, Measurements, Recurring
Fair value on a recurring basis
Cash and cash equivalents	556,809	417,073
Total assets at fair value	556,809	417,073
Level 2 | Fair Value, Measurements, Recurring
Fair value on a recurring basis
Cash and cash equivalents	49,976	0
Total assets at fair value	115,802	16,081
Level 3 | Fair Value, Measurements, Recurring
Fair value on a recurring basis
Cash and cash equivalents	0	0
Total assets at fair value	0	0
Canadian treasury securities | Fair Value, Measurements, Recurring
Fair value on a recurring basis
Marketable securities	65,826	16,081
Canadian treasury securities | Level 1 | Fair Value, Measurements, Recurring
Fair value on a recurring basis
Marketable securities	0	0
Canadian treasury securities | Level 2 | Fair Value, Measurements, Recurring
Fair value on a recurring basis
Marketable securities	65,826	16,081
Canadian treasury securities | Level 3 | Fair Value, Measurements, Recurring
Fair value on a recurring basis
Marketable securities	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Nov. 30, 2015	May. 31, 2015
Fair value on a recurring basis
Contractual maturities (less than)	1 year	1 year
Canadian treasury securities
Fair value on a recurring basis
Amortized cost basis of marketable securities	$ 65.8	$ 16.1

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($)	Jun. 30, 2014	Nov. 30, 2015	Nov. 30, 2015	Nov. 30, 2014	May. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Investments		$ 126,547,000	$ 126,547,000		$ 329,692,000
Cash surrender value of insurance policies		108,800,000	108,800,000		101,800,000
Equity method investments		15,500,000	15,500,000		225,700,000
Cost method investments		2,200,000	2,200,000		$ 2,200,000
Proceeds from sale of business interest in affiliates		$ 578,257,000	578,257,000	$ 0
Dividends received on equity method investment	$ 5,200,000		0	5,247,000
Cash received from sale of equity method investment	$ 35,200,000
Gain on sale of stock of an equity method investment, net of tax				13,600,000
Losses due to impairment			$ 0	$ 0

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Basic Earnings per Share from Continuing Operations
Income from continuing operations	$ 115,453	$ 103,701	$ 221,651	$ 209,606
Less: income from continuing operations allocated to participating securities	1,887	1,342	3,629	1,933
Income from continuing operations available to common shareholders	$ 113,566	$ 102,359	$ 218,022	$ 207,673
Basic weighted average common shares outstanding (shares)	108,301	117,115	109,455	116,887
Basic earnings per common share:
Basic earnings per share, continuing operations (dollars per share)	$ 1.05	$ 0.88	$ 1.99	$ 1.78
Diluted Earnings per Share from Continuing Operations
Income from continuing operations	$ 115,453	$ 103,701	$ 221,651	$ 209,606
Less: income from continuing operations allocated to participating securities	1,887	1,342	3,629	1,933
Income from continuing operations available to common shareholders	$ 113,566	$ 102,359	$ 218,022	$ 207,673
Basic weighted average common shares outstanding (shares)	108,301	117,115	109,455	116,887
Effect of dilutive securities - employee stock options (shares)	1,812	1,540	1,685	1,447
Diluted weighted average common shares outstanding (shares)	110,113	118,655	111,140	118,334
Diluted earnings per share:
Diluted earnings per share from continuing operations (dollars per share)	$ 1.03	$ 0.86	$ 1.96	$ 1.75

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		9 Months Ended
	Jan. 08, 2016	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014	Sep. 30, 2015	Aug. 04, 2015	Jan. 13, 2015
Equity, Class of Treasury Stock [Line Items]
Basic earnings per share from discontinued operations (in dollars per share)		$ 2.06		$ 2.01
Diluted earnings per share from discontinued operations (in dollars per share)		$ 2.03		$ 1.98
Basic and diluted earnings per share from discontinued operations (dollars per share)			$ 0.14		$ 0.18
Options granted and excluded from the computation of diluted earnings per share (shares)		300	500	400	600
Shares		2,109		4,474		5,900
Avg. Price per Share (in dollars per share)		$ 85.53		$ 85.59		$ 84.07
Purchase Price		$ 180,390,000		$ 382,918,000		$ 500,000,000
Employee payroll taxes due on restricted stock
Equity, Class of Treasury Stock [Line Items]
Shares	0			200
Avg. Price per Share (in dollars per share)				$ 85.63
Purchase Price		$ 300,000		$ 19,400,000
January 13, 2015
Equity, Class of Treasury Stock [Line Items]
Share buyback program, authorized amount								$ 500,000,000
Shares		713		3,078
Avg. Price per Share (in dollars per share)		$ 84.74		$ 85.44
Purchase Price		$ 60,409,000		$ 262,937,000
August 4, 2015
Equity, Class of Treasury Stock [Line Items]
Share buyback program, authorized amount							$ 500,000,000
Shares		1,396		1,396
Avg. Price per Share (in dollars per share)		$ 85.94		$ 85.94
Purchase Price		$ 119,981,000		$ 119,981,000

Earnings Per Share - Stock Repu

Earnings Per Share - Stock Repurchase Program (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended	6 Months Ended	9 Months Ended
	Nov. 30, 2015	Nov. 30, 2015	Sep. 30, 2015
Equity, Class of Treasury Stock [Line Items]
Shares	2,109	4,474	5,900
Avg. Price per Share (in dollars per share)	$ 85.53	$ 85.59	$ 84.07
Purchase Price	$ 180,390	$ 382,918	$ 500,000
January 13, 2015
Equity, Class of Treasury Stock [Line Items]
Shares	713	3,078
Avg. Price per Share (in dollars per share)	$ 84.74	$ 85.44
Purchase Price	$ 60,409	$ 262,937
August 4, 2015
Equity, Class of Treasury Stock [Line Items]
Shares	1,396	1,396
Avg. Price per Share (in dollars per share)	$ 85.94	$ 85.94
Purchase Price	$ 119,981	$ 119,981

Goodwill, Service Contracts a39

Goodwill, Service Contracts and Other Assets - Narrative (Details) - USD ($)	Jun. 01, 2015	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014	May. 31, 2015
Goodwill [Line Items]
Goodwill impairment	$ 0
Goodwill		$ 1,273,594,000		$ 1,273,594,000		$ 1,195,612,000
Amortization expense for continuing operations		4,200,000	$ 3,500,000	7,800,000	$ 7,000,000
Estimated amortization expense, year one		14,600,000		14,600,000
Estimated amortization expense, year two		11,200,000		11,200,000
Estimated amortization expense, year three		10,200,000		10,200,000
Estimated amortization expense, year four		9,600,000		9,600,000
Estimated amortization expense, year five		9,200,000		9,200,000
Uniform Rental and Facility Services
Goodwill [Line Items]
Goodwill	943,900,000	942,926,000		942,926,000		943,909,000
First Aid and Safety Services
Goodwill [Line Items]
Goodwill	155,000,000	233,917,000		233,917,000		154,954,000
All Other
Goodwill [Line Items]
Goodwill	$ 96,700,000	$ 96,751,000		$ 96,751,000		$ 96,749,000

Goodwill, Service Contracts a40

Goodwill, Service Contracts and Other Assets - Changes in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Nov. 30, 2015USD ($)
Goodwill [Roll Forward]
Balance as of June 1, 2015	$ 1,195,612
Goodwill acquired	79,302
Foreign currency translation	(1,320)
Balance as of November 30, 2015	1,273,594
Uniform Rental and Facility Services
Goodwill [Roll Forward]
Balance as of June 1, 2015	943,909
Goodwill acquired	0
Foreign currency translation	(983)
Balance as of November 30, 2015	942,926
First Aid and Safety Services
Goodwill [Roll Forward]
Balance as of June 1, 2015	154,954
Goodwill acquired	79,248
Foreign currency translation	(285)
Balance as of November 30, 2015	233,917
All Other
Goodwill [Roll Forward]
Balance as of June 1, 2015	96,749
Goodwill acquired	54
Foreign currency translation	(52)
Balance as of November 30, 2015	$ 96,751

Goodwill, Service Contracts a41

Goodwill, Service Contracts and Other Assets - Changes in Carrying Amount of Service Contracts (Details) $ in Thousands	6 Months Ended
	Nov. 30, 2015USD ($)
Service contracts [Roll Forward]
Balance as of June 1, 2015	$ 42,434
Service contracts acquired	34,940
Service contracts amortization	(7,129)
Foreign currency translation	(62)
Balance as of November 30, 2015	70,183
Uniform Rental and Facility Services
Service contracts [Roll Forward]
Balance as of June 1, 2015	6,677
Service contracts acquired	0
Service contracts amortization	(2,146)
Foreign currency translation	0
Balance as of November 30, 2015	4,531
First Aid and Safety Services
Service contracts [Roll Forward]
Balance as of June 1, 2015	1,576
Service contracts acquired	34,000
Service contracts amortization	(1,424)
Foreign currency translation	(62)
Balance as of November 30, 2015	34,090
All Other
Service contracts [Roll Forward]
Balance as of June 1, 2015	34,181
Service contracts acquired	940
Service contracts amortization	(3,559)
Foreign currency translation	0
Balance as of November 30, 2015	$ 31,562

Goodwill, Service Contracts a42

Goodwill, Service Contracts and Other Assets - Information Regarding Service Contracts and Other Assets (Details) - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015
Information regarding service contracts and other assets
Service contracts, net	$ 70,183	$ 42,434
Other assets, carrying amount	69,791	65,423
Other assets, accumulated amortization	49,147	47,929
Other assets, net	20,644	17,494
Noncompete and consulting agreements
Information regarding service contracts and other assets
Other assets, carrying amount	42,262	41,828
Other assets, accumulated amortization	40,662	40,379
Other assets, net	1,600	1,449
Other
Information regarding service contracts and other assets
Other assets, carrying amount	27,529	23,595
Other assets, accumulated amortization	8,485	7,550
Other assets, net	19,044	16,045
Service Contracts
Information regarding service contracts and other assets
Service contracts, carrying amount	374,292	340,816
Service contracts, accumulated amortization	304,109	298,382
Service contracts, net	$ 70,183	$ 42,434

Debt, Derivatives and Hedging43

Debt, Derivatives and Hedging Activities (Details) - USD ($)	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014	May. 31, 2015
Debt Instrument [Line Items]
Commercial paper program capacity	$ 300,000,000		$ 300,000,000
Revolving credit facility, maximum borrowing capacity with accordion feature	450,000,000		450,000,000
Revolving credit facility amount outstanding	0		0		$ 0
Amortization of interest rate lock agreements	488,000	$ 488,000	976,000	$ 976,000
Level 2 | Foreign Exchange Forward | Fair Value, Measurements, Recurring
Debt Instrument [Line Items]
Current accrued liabilities for foreign currency forward contracts	0		0		0
Senior Notes
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,300,000,000		1,300,000,000		1,300,000,000
Senior Notes | Level 2
Debt Instrument [Line Items]
Long-term debt, fair value	$ 1,401,800,000		$ 1,401,800,000		$ 1,418,600,000

Income Taxes (Details)

Income Taxes (Details) $ in Millions	3 Months Ended	6 Months Ended
	Nov. 30, 2015USD ($)	Nov. 30, 2015USD ($)
Income Tax Disclosure [Abstract]
Unrecognized tax benefits, period increase	$ 0.6	$ 1.1
Unrecognized tax benefits, increase in accrued interest	0.1	0.2
Decrease in unrecognized tax benefit reasonably possible in the next twelve months	$ 1	$ 1

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - ZEE Medical, Inc.	Aug. 01, 2015USD ($)
Business Acquisition [Line Items]
Consideration transferred	$ 134,000,000
Cash consideration	120,600,000
Contingent consideration subject to holdback provisions	13,400,000
Goodwill expected to be deductible for income tax purposes	$ 0
Goodwill, Service Contracts and Other Intangibles | Level 3
Business Acquisition [Line Items]
Discount rate	11.00%
Service contracts
Business Acquisition [Line Items]
Estimated useful life of service contracts	10 years

Acquisitions - Schedule of Asse

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Nov. 30, 2015	Aug. 01, 2015	May. 31, 2015
Assets:
Goodwill	$ 1,273,594		$ 1,195,612
ZEE Medical, Inc.
Assets:
Cash and cash equivalents		$ 333
Accounts receivable		16,705
Inventory		5,987
Other current assets		1,443
Property, plant and equipment		1,331
Goodwill		79,248
Liabilities:
Accounts payable		(7,195)
Accrued liabilities		(2,352)
Total Consideration		134,000
Service contracts | ZEE Medical, Inc.
Assets:
Intangible assets		34,000
Other intangibles | ZEE Medical, Inc.
Assets:
Intangible assets		$ 4,500

Litigation and Other Continge47

Litigation and Other Contingencies (Details)	1 Months Ended
	Sep. 30, 2010individual
Serrano lawsuit
Loss Contingencies [Line Items]
Number of plaintiffs (individual)	13

Accumulated Other Comprehensi48

Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Nov. 30, 2015	Aug. 31, 2015	Nov. 30, 2014	Aug. 31, 2014	Nov. 30, 2015	Nov. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	$ (20,004)	$ (8,471)	$ 26,818	$ 28,428	$ (8,471)	$ 28,428
Other comprehensive loss before reclassifications	(4,636)	(12,021)	(9,796)	(2,098)
Amounts reclassified from accumulated other comprehensive income (loss)	6,960	488	488	488
Other comprehensive income (loss)	2,324	(11,533)	(9,308)	(1,610)	(9,209)	(10,918)
Ending Balance	(17,680)	(20,004)	17,510	26,818	(17,680)	17,510
Foreign Currency
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(9,026)	2,987	39,410	41,525	2,987	41,525
Other comprehensive loss before reclassifications	(4,626)	(12,013)	(9,778)	(2,115)
Amounts reclassified from accumulated other comprehensive income (loss)	6,472	0	0	0
Other comprehensive income (loss)	1,846	(12,013)	(9,778)	(2,115)
Ending Balance	(7,180)	(9,026)	29,632	39,410	(7,180)	29,632
Unrealized Loss on Derivatives
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(10,138)	(10,626)	(12,110)	(12,615)	(10,626)	(12,615)
Other comprehensive loss before reclassifications		0	(21)	17
Amounts reclassified from accumulated other comprehensive income (loss)	488	488	488	488
Other comprehensive income (loss)	488	488	467	505
Ending Balance	(9,650)	(10,138)	(11,643)	(12,110)	(9,650)	(11,643)
Other
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(840)	(832)	(482)	(482)	(832)	(482)
Other comprehensive loss before reclassifications	(10)	(8)	3	0
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Other comprehensive income (loss)	(10)	(8)	3	0
Ending Balance	$ (850)	$ (840)	$ (479)	$ (482)	$ (850)	$ (479)

Accumulated Other Comprehensi49

Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Nov. 30, 2015	Aug. 31, 2015	Nov. 30, 2014	Aug. 31, 2014	Nov. 30, 2015	Nov. 30, 2014
Equity [Abstract]
Amortization of interest rate locks	$ (783)		$ (783)		$ (1,565)	$ (1,565)
Amortization of interest rate locks, net of tax	(488)		(488)		(976)	(976)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax benefit	295		295		589	589
Cumulative translation adjustment on investment in Shred-it, net of tax	(6,960)	$ (488)	(488)	$ (488)
Accumulated Translation Adjustment on Investment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative translation adjustment on investment in Shred-it	(10,381)		0		(10,381)	0
Tax benefit	3,909		0		3,909	0
Cumulative translation adjustment on investment in Shred-it, net of tax	$ (6,472)		$ 0		$ (6,472)	$ 0

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended			6 Months Ended
	Nov. 30, 2015USD ($)	May. 31, 2015USD ($)segment	Nov. 30, 2014USD ($)	Nov. 30, 2015USD ($)	Nov. 30, 2014USD ($)
Segment Reporting Information
Number of operating segments | segment		3
Revenue	$ 1,219,080		$ 1,123,379	$ 2,417,970	$ 2,225,456
Income (loss) before income taxes	184,289		165,673	353,503	334,370
Total assets	4,450,792	$ 4,192,460	4,697,571	4,450,792	4,697,571
Operating Segments | Uniform Rental and Facility Services
Segment Reporting Information
Revenue	937,704		891,475	1,876,112	1,765,173
Income (loss) before income taxes	169,295		159,567	334,676	304,383
Total assets	2,995,616		2,907,484	2,995,616	2,907,484
Operating Segments | First Aid and Safety Services
Segment Reporting Information
Revenue	120,438		82,271	219,926	162,195
Income (loss) before income taxes	14,847		11,777	23,439	20,924
Total assets	426,673		263,996	426,673	263,996
Operating Segments | All Other
Segment Reporting Information
Revenue	160,938		149,633	321,932	298,088
Income (loss) before income taxes	16,207		10,239	27,741	19,764
Total assets	355,892		336,604	355,892	336,604
Corporate
Segment Reporting Information
Revenue	0		0	0	0
Income (loss) before income taxes	(16,060)		(15,910)	(32,353)	(10,701)
Total assets	$ 672,611		$ 1,189,487	$ 672,611	$ 1,189,487

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Nov. 30, 2015USD ($)	Nov. 30, 2014USD ($)	Nov. 30, 2015USD ($)	Nov. 30, 2014USD ($)	May. 31, 2015USD ($)transactionbuyer
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business interest in affiliates	$ 578,257		$ 578,257	$ 0
Equity method investments	15,500		15,500		$ 225,700
Gain on disposal of business			15,786	34,137
Proceeds from Storage Transactions, net of cash contributed			35,338	153,996
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal of business	10,943	$ 34,137	$ 15,786	$ 34,137
Shred-it | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Estimated additional consideration subject to holdback provisions (up to)	34,000
Equity method investments					$ 210,100
Amortization period of basis difference			9 years
Loss on investment in Shred-it, net of tax			$ 24,300
Amortization of basis difference			4,800
Gain on disposal of business	3,900
Storage Business | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of transactions involved in sale of business | transaction					3
Number of buyers involved in sale of business | buyer					3
Gain on disposal of business	$ 10,900
Storage Real Estate Assets | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal of business			4,800
Proceeds from Storage Transactions, net of cash contributed			$ 24,400

Discontinued Operations - Sched

Discontinued Operations - Schedule of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax (expense) benefit	$ (146,395)	$ (11,739)	$ (142,976)	$ (14,730)
Gain on Storage Transactions			15,786	34,137
(Loss) gain on investment in Shred-it Partnership(1)			(24,288)	6,619
Gain on sale of investment in Shred-it Partnership			374,026	0
Net income from discontinued operations	229,647	16,711	223,630	20,914
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	0	10,594	0	31,379
Income (loss) before income taxes	845	(5,687)	1,082	(5,112)
Income tax (expense) benefit	(336)	2,206	(421)	1,966
Gain on Storage Transactions	10,943	34,137	15,786	34,137
(Loss) gain on investment in Shred-it Partnership(1)	(9,772)	0	(24,288)	6,619
Gain on sale of investment in Shred-it Partnership	374,026	0	374,026	0
Income tax expense on net gain (loss)	(146,059)	(13,945)	(142,555)	(16,696)
Net income from discontinued operations	$ 229,647	$ 16,711	$ 223,630	$ 20,914

Supplemental Guarantor Inform53

Supplemental Guarantor Information - Narrative (Details) $ in Millions	Nov. 30, 2015USD ($)
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Senior notes	$ 1,300

Supplemental Guarantor Inform54

Supplemental Guarantor Information - Condensed Consolidating Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Revenue:
Uniform rental and facility services	$ 937,704	$ 891,475	$ 1,876,112	$ 1,765,173
Other	281,376	231,904	541,858	460,283
Equity in net income of affiliates	0	0	0	0
Total revenue	1,219,080	1,123,379	2,417,970	2,225,456
Costs and expenses (income):
Cost of uniform rental and facility services	526,091	505,823	1,044,594	996,498
Cost of other	165,589	136,132	321,832	269,588
Selling and administrative expenses	327,051	299,841	665,688	614,299
Operating income	200,349	181,583	385,856	345,071
Gain on sale of stock of an equity method investment	0	0	0	21,739
Interest income	(111)	(19)	(230)	(72)
Interest expense (income)	16,171	15,929	32,583	32,512
Income before income taxes	184,289	165,673	353,503	334,370
Income taxes	68,836	61,972	131,852	124,764
Income from continuing operations	115,453	103,701	221,651	209,606
Income (loss) from discontinued operations, net of tax	229,647	16,711	223,630	20,914
Net income	345,100	120,412	445,281	230,520
Cintas Corporation
Revenue:
Uniform rental and facility services	0	0	0	0
Other	0	0	0	0
Equity in net income of affiliates	115,453	103,701	221,651	209,606
Total revenue	115,453	103,701	221,651	209,606
Costs and expenses (income):
Cost of uniform rental and facility services	0	0	0	0
Cost of other	0	0	0	0
Selling and administrative expenses	0	0	0	0
Operating income	115,453	103,701	221,651	209,606
Gain on sale of stock of an equity method investment				0
Interest income	0	0	0	0
Interest expense (income)	0	0	0	0
Income before income taxes	115,453	103,701	221,651	209,606
Income taxes	0	0	0	0
Income from continuing operations	115,453	103,701	221,651	209,606
Income (loss) from discontinued operations, net of tax	229,647	16,711	223,630	20,914
Net income	345,100	120,412	445,281	230,520
Corp. 2
Revenue:
Uniform rental and facility services	723,216	678,360	1,444,545	1,344,234
Other	394,257	348,293	766,868	684,773
Equity in net income of affiliates	0	0	0	0
Total revenue	1,117,473	1,026,653	2,211,413	2,029,007
Costs and expenses (income):
Cost of uniform rental and facility services	455,311	429,237	895,891	837,608
Cost of other	248,687	222,407	486,056	440,349
Selling and administrative expenses	345,802	308,653	692,878	622,655
Operating income	67,673	66,356	136,588	128,395
Gain on sale of stock of an equity method investment				0
Interest income	(12)	(5)	(12)	(10)
Interest expense (income)	16,427	16,435	32,802	32,844
Income before income taxes	51,258	49,926	103,798	95,561
Income taxes	18,751	18,548	38,340	35,296
Income from continuing operations	32,507	31,378	65,458	60,265
Income (loss) from discontinued operations, net of tax	234,604	14,956	229,281	19,219
Net income	267,111	46,334	294,739	79,484
Subsidiary Guarantors
Revenue:
Uniform rental and facility services	199,877	188,424	402,142	371,605
Other	740	525	2,033	1,006
Equity in net income of affiliates	0	0	0	0
Total revenue	200,617	188,949	404,175	372,611
Costs and expenses (income):
Cost of uniform rental and facility services	112,832	104,226	229,664	215,148
Cost of other	(8,734)	(6,194)	(17,377)	(16,851)
Selling and administrative expenses	(30,159)	(19,158)	(49,014)	(33,164)
Operating income	126,678	110,075	240,902	207,478
Gain on sale of stock of an equity method investment				21,739
Interest income	(68)	(15)	(116)	(63)
Interest expense (income)	(256)	(497)	(218)	(327)
Income before income taxes	127,002	110,587	241,236	229,607
Income taxes	47,071	41,842	89,662	85,846
Income from continuing operations	79,931	68,745	151,574	143,761
Income (loss) from discontinued operations, net of tax	0	0	0	0
Net income	79,931	68,745	151,574	143,761
Non- Guarantors
Revenue:
Uniform rental and facility services	53,674	59,311	107,686	119,172
Other	17,516	15,332	32,327	29,076
Equity in net income of affiliates	0	0	0	0
Total revenue	71,190	74,643	140,013	148,248
Costs and expenses (income):
Cost of uniform rental and facility services	37,596	40,756	74,953	81,038
Cost of other	10,655	8,963	20,225	17,920
Selling and administrative expenses	16,140	18,450	34,020	37,524
Operating income	6,799	6,474	10,815	11,766
Gain on sale of stock of an equity method investment				0
Interest income	(31)	0	(102)	0
Interest expense (income)	0	(9)	(1)	(5)
Income before income taxes	6,830	6,483	10,918	11,771
Income taxes	3,042	1,601	3,903	3,652
Income from continuing operations	3,788	4,882	7,015	8,119
Income (loss) from discontinued operations, net of tax	(4,957)	1,755	(5,651)	1,695
Net income	(1,169)	6,637	1,364	9,814
Eliminations
Revenue:
Uniform rental and facility services	(39,063)	(34,620)	(78,261)	(69,838)
Other	(131,137)	(132,246)	(259,370)	(254,572)
Equity in net income of affiliates	(115,453)	(103,701)	(221,651)	(209,606)
Total revenue	(285,653)	(270,567)	(559,282)	(534,016)
Costs and expenses (income):
Cost of uniform rental and facility services	(79,648)	(68,396)	(155,914)	(137,296)
Cost of other	(85,019)	(89,044)	(167,072)	(171,830)
Selling and administrative expenses	(4,732)	(8,104)	(12,196)	(12,716)
Operating income	(116,254)	(105,023)	(224,100)	(212,174)
Gain on sale of stock of an equity method investment				0
Interest income	0	1	0	1
Interest expense (income)	0	0	0	0
Income before income taxes	(116,254)	(105,024)	(224,100)	(212,175)
Income taxes	(28)	(19)	(53)	(30)
Income from continuing operations	(116,226)	(105,005)	(224,047)	(212,145)
Income (loss) from discontinued operations, net of tax	(229,647)	(16,711)	(223,630)	(20,914)
Net income	$ (345,873)	$ (121,716)	$ (447,677)	$ (233,059)

Supplemental Guarantor Inform55

Supplemental Guarantor Information - Condensed Consolidating Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Nov. 30, 2015	Aug. 31, 2015	Nov. 30, 2014	Aug. 31, 2014	Nov. 30, 2015	Nov. 30, 2014
Condensed Consolidating Financial Statements
Net income	$ 345,100		$ 120,412		$ 445,281	$ 230,520
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(4,626)		(9,778)		(16,639)	(11,893)
Cumulative translation adjustment on investment in Shred-it	6,472		0		6,472	0
Change in fair value of derivatives	0		(21)		0	(4)
Amortization of interest rate lock agreements	488		488		976	976
Change in fair value of available-for-sale securities	(10)		3		(18)	3
Other comprehensive income (loss)	2,324	$ (11,533)	(9,308)	$ (1,610)	(9,209)	(10,918)
Comprehensive income	347,424		111,104		436,072	219,602
Cintas Corporation
Condensed Consolidating Financial Statements
Net income	345,100		120,412		445,281	230,520
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	0		0		0	0
Cumulative translation adjustment on investment in Shred-it	0				0
Change in fair value of derivatives			0			0
Amortization of interest rate lock agreements	0		0		0	0
Change in fair value of available-for-sale securities	0		0		0	0
Other comprehensive income (loss)	0		0		0	0
Comprehensive income	345,100		120,412		445,281	230,520
Corp. 2
Condensed Consolidating Financial Statements
Net income	267,111		46,334		294,739	79,484
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	0		0		0	0
Cumulative translation adjustment on investment in Shred-it	5,875				5,875
Change in fair value of derivatives			0			0
Amortization of interest rate lock agreements	488		488		976	976
Change in fair value of available-for-sale securities	0		0		0	0
Other comprehensive income (loss)	6,363		488		6,851	976
Comprehensive income	273,474		46,822		301,590	80,460
Subsidiary Guarantors
Condensed Consolidating Financial Statements
Net income	79,931		68,745		151,574	143,761
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	0		0		0	0
Cumulative translation adjustment on investment in Shred-it	0				0
Change in fair value of derivatives			0			0
Amortization of interest rate lock agreements	0		0		0	0
Change in fair value of available-for-sale securities	0		0		0	0
Other comprehensive income (loss)	0		0		0	0
Comprehensive income	79,931		68,745		151,574	143,761
Non- Guarantors
Condensed Consolidating Financial Statements
Net income	(1,169)		6,637		1,364	9,814
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(4,626)		(9,778)		(16,639)	(11,893)
Cumulative translation adjustment on investment in Shred-it	597				597
Change in fair value of derivatives			(21)			(4)
Amortization of interest rate lock agreements	0		0		0	0
Change in fair value of available-for-sale securities	(10)		3		(18)	3
Other comprehensive income (loss)	(4,039)		(9,796)		(16,060)	(11,894)
Comprehensive income	(5,208)		(3,159)		(14,696)	(2,080)
Eliminations
Condensed Consolidating Financial Statements
Net income	(345,873)		(121,716)		(447,677)	(233,059)
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	0		0		0	0
Cumulative translation adjustment on investment in Shred-it	0				0
Change in fair value of derivatives			0			0
Amortization of interest rate lock agreements	0		0		0	0
Change in fair value of available-for-sale securities	0		0		0	0
Other comprehensive income (loss)	0		0		0	0
Comprehensive income	$ (345,873)		$ (121,716)		$ (447,677)	$ (233,059)

Supplemental Guarantor Inform56

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015	Nov. 30, 2014	May. 31, 2014
Current assets:
Cash and cash equivalents	$ 606,785	$ 417,073	$ 826,724	$ 513,288
Marketable securities	65,826	16,081
Accounts receivable, net	549,190	496,130
Inventories, net	251,477	226,211
Uniforms and other rental items in service	542,531	534,005
Income taxes, current	0	936
Assets held for sale	0	21,341
Prepaid expenses and other current assets	27,471	24,030
Total current assets	2,043,280	1,735,807
Property and equipment, at cost, net	916,544	871,421
Investments	126,547	329,692
Goodwill	1,273,594	1,195,612
Service contracts, net	70,183	42,434
Other assets, net	20,644	17,494
Total assets	4,450,792	4,192,460	4,697,571
Current liabilities:
Accounts payable	134,843	109,607
Accrued compensation and related liabilities	65,886	88,423
Accrued liabilities	443,713	309,935
Income taxes, current	236,539	0
Liabilities held for sale	0	704
Long-term debt due within one year	250,000	0
Total current liabilities	1,130,981	508,669
Long-term liabilities:
Long-term debt due after one year	1,050,000	1,300,000
Deferred income taxes	227,465	339,327
Accrued liabilities	117,818	112,009
Total long-term liabilities	1,395,283	1,751,336
Total shareholders’ equity	1,924,528	1,932,455
Total liabilities and shareholders' equity	4,450,792	4,192,460
Cintas Corporation
Current assets:
Cash and cash equivalents	0	0	0	0
Marketable securities	0	0
Accounts receivable, net	0	0
Inventories, net	0	0
Uniforms and other rental items in service	0	0
Income taxes, current		0
Assets held for sale		0
Prepaid expenses and other current assets	0	0
Total current assets	0	0
Property and equipment, at cost, net	0	0
Investments	321,083	321,083
Goodwill	0	0
Service contracts, net	0	0
Other assets, net	1,155,878	1,154,596
Total assets	1,476,961	1,475,679
Current liabilities:
Accounts payable	(465,247)	(465,247)
Accrued compensation and related liabilities	0	0
Accrued liabilities	0	0
Income taxes, current	0
Liabilities held for sale		0
Long-term debt due within one year	0	0
Total current liabilities	(465,247)	(465,247)
Long-term liabilities:
Long-term debt due after one year	0	0
Deferred income taxes	0	0
Accrued liabilities	0	0
Total long-term liabilities	0	0
Total shareholders’ equity	1,942,208	1,940,926
Total liabilities and shareholders' equity	1,476,961	1,475,679
Corp. 2
Current assets:
Cash and cash equivalents	107,831	74,145	78,454	73,540
Marketable securities	0	0
Accounts receivable, net	396,511	358,560
Inventories, net	218,921	193,594
Uniforms and other rental items in service	408,474	399,017
Income taxes, current		1,191
Assets held for sale		21,341
Prepaid expenses and other current assets	6,339	5,514
Total current assets	1,138,076	1,053,362
Property and equipment, at cost, net	541,903	523,690
Investments	1,770,407	1,956,320
Goodwill	0	0
Service contracts, net	68,288	42,400
Other assets, net	223,680	12,373
Total assets	3,742,354	3,588,145
Current liabilities:
Accounts payable	(1,313,619)	(877,042)
Accrued compensation and related liabilities	42,180	59,752
Accrued liabilities	89,580	65,022
Income taxes, current	228,718
Liabilities held for sale		704
Long-term debt due within one year	250,317	293
Total current liabilities	(702,824)	(751,271)
Long-term liabilities:
Long-term debt due after one year	1,058,135	1,308,452
Deferred income taxes	(418)	(304)
Accrued liabilities	0	0
Total long-term liabilities	1,057,717	1,308,148
Total shareholders’ equity	3,387,461	3,031,268
Total liabilities and shareholders' equity	3,742,354	3,588,145
Subsidiary Guarantors
Current assets:
Cash and cash equivalents	464,900	249,203	640,555	399,525
Marketable securities	0	0
Accounts receivable, net	118,567	104,964
Inventories, net	23,197	21,149
Uniforms and other rental items in service	117,186	117,473
Income taxes, current		(339)
Assets held for sale		0
Prepaid expenses and other current assets	20,085	17,492
Total current assets	743,935	509,942
Property and equipment, at cost, net	304,076	275,072
Investments	902,506	895,393
Goodwill	1,240,155	1,180,527
Service contracts, net	21	34
Other assets, net	2,929,865	2,741,950
Total assets	6,120,558	5,602,918
Current liabilities:
Accounts payable	1,849,138	1,391,999
Accrued compensation and related liabilities	19,472	23,989
Accrued liabilities	343,029	232,500
Income taxes, current	7,796
Liabilities held for sale		0
Long-term debt due within one year	(317)	(293)
Total current liabilities	2,219,118	1,648,195
Long-term liabilities:
Long-term debt due after one year	(8,525)	(9,766)
Deferred income taxes	220,906	333,929
Accrued liabilities	116,854	111,105
Total long-term liabilities	329,235	435,268
Total shareholders’ equity	3,572,205	3,519,455
Total liabilities and shareholders' equity	6,120,558	5,602,918
Non- Guarantors
Current assets:
Cash and cash equivalents	34,054	93,725	107,715	40,223
Marketable securities	65,826	16,081
Accounts receivable, net	34,112	32,606
Inventories, net	9,355	8,870
Uniforms and other rental items in service	35,641	36,478
Income taxes, current		84
Assets held for sale		0
Prepaid expenses and other current assets	1,047	1,024
Total current assets	180,035	188,868
Property and equipment, at cost, net	70,565	72,659
Investments	936,126	956,461
Goodwill	33,551	15,197
Service contracts, net	1,874	0
Other assets, net	9,215	3,572
Total assets	1,231,366	1,236,757
Current liabilities:
Accounts payable	26,560	21,876
Accrued compensation and related liabilities	4,234	4,682
Accrued liabilities	11,104	13,137
Income taxes, current	25
Liabilities held for sale		0
Long-term debt due within one year	0	0
Total current liabilities	41,923	39,695
Long-term liabilities:
Long-term debt due after one year	390	590
Deferred income taxes	6,977	5,702
Accrued liabilities	964	904
Total long-term liabilities	8,331	7,196
Total shareholders’ equity	1,181,112	1,189,866
Total liabilities and shareholders' equity	1,231,366	1,236,757
Eliminations
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Marketable securities	0	0
Accounts receivable, net	0	0
Inventories, net	4	2,598
Uniforms and other rental items in service	(18,770)	(18,963)
Income taxes, current		0
Assets held for sale		0
Prepaid expenses and other current assets	0	0
Total current assets	(18,766)	(16,365)
Property and equipment, at cost, net	0	0
Investments	(3,803,575)	(3,799,565)
Goodwill	(112)	(112)
Service contracts, net	0	0
Other assets, net	(4,297,994)	(3,894,997)
Total assets	(8,120,447)	(7,711,039)
Current liabilities:
Accounts payable	38,011	38,021
Accrued compensation and related liabilities	0	0
Accrued liabilities	0	(724)
Income taxes, current	0
Liabilities held for sale		0
Long-term debt due within one year	0	0
Total current liabilities	38,011	37,297
Long-term liabilities:
Long-term debt due after one year	0	724
Deferred income taxes	0	0
Accrued liabilities	0	0
Total long-term liabilities	0	724
Total shareholders’ equity	(8,158,458)	(7,749,060)
Total liabilities and shareholders' equity	$ (8,120,447)	$ (7,711,039)

Supplemental Guarantor Inform57

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Thousands	Jun. 30, 2014	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Cash flows from operating activities:
Net income		$ 345,100	$ 120,412	$ 445,281	$ 230,520
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation				73,130	70,451
Amortization of intangible assets				7,764	7,702
Stock-based compensation				40,241	24,785
Gain on Storage Transactions				(15,786)	(34,137)
(Gain) loss on sale of investment in Shred-it Partnership				(374,026)	0
Loss on investment in Shred-it Partnership				24,288	(6,619)
Gain on sale of stock of an equity method investment		0	0	0	(21,739)
Deferred income taxes				(98,423)	10,346
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net				(39,418)	(12,747)
Inventories, net				(19,841)	14,847
Uniforms and other rental items in service				(10,893)	(23,473)
Prepaid expenses and other current assets				(2,369)	(2,622)
Accounts payable				19,368	27,982
Accrued compensation and related liabilities				(22,771)	(25,111)
Accrued liabilities and other				1,041	24,780
Income taxes, current				237,451	7,608
Net cash provided by operating activities				265,037	292,573
Cash flows from investing activities:
Capital expenditures				(121,817)	(113,025)
Proceeds from redemption of marketable securities				212,081	0
Purchase of marketable securities and investments				(271,341)	(11,978)
Proceeds from Storage Transactions, net of cash contributed				35,338	153,996
Proceeds from Shredding Transaction				0	3,344
Proceeds from sale of investment in Shred-it Partnership		578,257		578,257	0
Proceeds from sale of stock of an equity method investment				0	29,933
Dividends received on equity method investment	$ 5,200			0	5,247
Acquisitions of businesses, net of cash acquired				(121,237)	(3,015)
Other, net				1,987	1,681
Net cash provided by investing activities				313,268	66,183
Cash flows from financing activities:
Proceeds from issuance of debt				0
Repayment of debt				(16)	(364)
Exercise of stock-based compensation awards				17,444	22,472
Repurchase of common stock				(402,293)	(63,573)
Other, net				646	1,758
Net cash used in financing activities				(384,219)	(39,707)
Effect of exchange rate changes on cash and cash equivalents				(4,374)	(5,613)
Net increase in cash and cash equivalents				189,712	313,436
Cash and cash equivalents at beginning of period				417,073	513,288
Cash and cash equivalents at end of period		606,785	826,724	606,785	826,724
Cintas Corporation
Cash flows from operating activities:
Net income		345,100	120,412	445,281	230,520
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation				0	0
Amortization of intangible assets				0	0
Stock-based compensation				40,241	24,785
Gain on Storage Transactions				0	0
(Gain) loss on sale of investment in Shred-it Partnership				0
Loss on investment in Shred-it Partnership				0	0
Gain on sale of stock of an equity method investment					0
Deferred income taxes				0	0
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net				0	0
Inventories, net				0	0
Uniforms and other rental items in service				0	0
Prepaid expenses and other current assets				0	0
Accounts payable				0	0
Accrued compensation and related liabilities				0	0
Accrued liabilities and other				0	0
Income taxes, current				0	0
Net cash provided by operating activities				485,522	255,305
Cash flows from investing activities:
Capital expenditures				0	0
Proceeds from redemption of marketable securities				0
Purchase of marketable securities and investments				0	0
Proceeds from Storage Transactions, net of cash contributed				0	0
Proceeds from Shredding Transaction					0
Proceeds from sale of investment in Shred-it Partnership				0
Proceeds from sale of stock of an equity method investment					0
Dividends received on equity method investment					0
Acquisitions of businesses, net of cash acquired				0	0
Other, net				(100,673)	(214,210)
Net cash provided by investing activities				(100,673)	(214,210)
Cash flows from financing activities:
Proceeds from issuance of debt				0
Repayment of debt				0	0
Exercise of stock-based compensation awards				17,444	22,478
Repurchase of common stock				(402,293)	(63,573)
Other, net				0	0
Net cash used in financing activities				(384,849)	(41,095)
Effect of exchange rate changes on cash and cash equivalents				0	0
Net increase in cash and cash equivalents				0	0
Cash and cash equivalents at beginning of period				0	0
Cash and cash equivalents at end of period		0	0	0	0
Corp. 2
Cash flows from operating activities:
Net income		267,111	46,334	294,739	79,484
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation				43,675	38,814
Amortization of intangible assets				7,248	7,251
Stock-based compensation				0	0
Gain on Storage Transactions				(12,547)	(31,113)
(Gain) loss on sale of investment in Shred-it Partnership				(384,707)
Loss on investment in Shred-it Partnership				22,470	(6,619)
Gain on sale of stock of an equity method investment					0
Deferred income taxes				(93,097)	26
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net				(24,235)	(6,468)
Inventories, net				(20,022)	10,737
Uniforms and other rental items in service				(9,457)	(17,000)
Prepaid expenses and other current assets				187	327
Accounts payable				(383,328)	(144,224)
Accrued compensation and related liabilities				(17,572)	(16,742)
Accrued liabilities and other				995	(8,174)
Income taxes, current				229,909	11,945
Net cash provided by operating activities				(345,742)	(81,756)
Cash flows from investing activities:
Capital expenditures				(61,196)	(49,870)
Proceeds from redemption of marketable securities				0
Purchase of marketable securities and investments				(3,437)	(2,020)
Proceeds from Storage Transactions, net of cash contributed				32,099	93,387
Proceeds from Shredding Transaction					3,344
Proceeds from sale of investment in Shred-it Partnership				565,643
Proceeds from sale of stock of an equity method investment					0
Dividends received on equity method investment					0
Acquisitions of businesses, net of cash acquired				(96,465)	(3,015)
Other, net				(57,883)	44,502
Net cash provided by investing activities				378,761	86,328
Cash flows from financing activities:
Proceeds from issuance of debt				0
Repayment of debt				(309)	(634)
Exercise of stock-based compensation awards				0	0
Repurchase of common stock				0	0
Other, net				976	976
Net cash used in financing activities				667	342
Effect of exchange rate changes on cash and cash equivalents				0	0
Net increase in cash and cash equivalents				33,686	4,914
Cash and cash equivalents at beginning of period				74,145	73,540
Cash and cash equivalents at end of period		107,831	78,454	107,831	78,454
Subsidiary Guarantors
Cash flows from operating activities:
Net income		79,931	68,745	151,574	143,761
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation				24,787	25,972
Amortization of intangible assets				337	27
Stock-based compensation				0	0
Gain on Storage Transactions				0	0
(Gain) loss on sale of investment in Shred-it Partnership				0
Loss on investment in Shred-it Partnership				0	0
Gain on sale of stock of an equity method investment					(21,739)
Deferred income taxes				(6,913)	9,073
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net				(13,603)	(8,938)
Inventories, net				(2,048)	3,258
Uniforms and other rental items in service				287	(5,155)
Prepaid expenses and other current assets				(2,593)	(2,943)
Accounts payable				397,834	171,596
Accrued compensation and related liabilities				(4,517)	(6,148)
Accrued liabilities and other				666	28,401
Income taxes, current				7,442	(3,814)
Net cash provided by operating activities				553,253	333,351
Cash flows from investing activities:
Capital expenditures				(53,804)	(57,388)
Proceeds from redemption of marketable securities				0
Purchase of marketable securities and investments				(7,549)	55,053
Proceeds from Storage Transactions, net of cash contributed				0	0
Proceeds from Shredding Transaction					0
Proceeds from sale of investment in Shred-it Partnership				0
Proceeds from sale of stock of an equity method investment					29,933
Dividends received on equity method investment					5,247
Acquisitions of businesses, net of cash acquired				0	0
Other, net				(277,201)	(126,280)
Net cash provided by investing activities				(338,554)	(93,435)
Cash flows from financing activities:
Proceeds from issuance of debt				(55)
Repayment of debt				1,053	1,114
Exercise of stock-based compensation awards				0	0
Repurchase of common stock				0	0
Other, net				0	0
Net cash used in financing activities				998	1,114
Effect of exchange rate changes on cash and cash equivalents				0	0
Net increase in cash and cash equivalents				215,697	241,030
Cash and cash equivalents at beginning of period				249,203	399,525
Cash and cash equivalents at end of period		464,900	640,555	464,900	640,555
Non- Guarantors
Cash flows from operating activities:
Net income		(1,169)	6,637	1,364	9,814
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation				4,668	5,665
Amortization of intangible assets				179	424
Stock-based compensation				0	0
Gain on Storage Transactions				(3,239)	(3,024)
(Gain) loss on sale of investment in Shred-it Partnership				10,681
Loss on investment in Shred-it Partnership				1,818	0
Gain on sale of stock of an equity method investment					0
Deferred income taxes				1,587	1,247
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net				(1,580)	2,659
Inventories, net				(365)	(898)
Uniforms and other rental items in service				(1,530)	(2,101)
Prepaid expenses and other current assets				37	(6)
Accounts payable				4,872	605
Accrued compensation and related liabilities				(682)	(2,221)
Accrued liabilities and other				(1,344)	3,807
Income taxes, current				100	(523)
Net cash provided by operating activities				16,566	15,448
Cash flows from investing activities:
Capital expenditures				(6,817)	(5,767)
Proceeds from redemption of marketable securities				212,081
Purchase of marketable securities and investments				(264,365)	0
Proceeds from Storage Transactions, net of cash contributed				3,239	60,609
Proceeds from Shredding Transaction					0
Proceeds from sale of investment in Shred-it Partnership				12,614
Proceeds from sale of stock of an equity method investment					0
Dividends received on equity method investment					0
Acquisitions of businesses, net of cash acquired				(24,772)	0
Other, net				(3,532)	2,137
Net cash provided by investing activities				(71,552)	56,979
Cash flows from financing activities:
Proceeds from issuance of debt				55
Repayment of debt				(36)	(98)
Exercise of stock-based compensation awards				0	(6)
Repurchase of common stock				0	0
Other, net				(330)	782
Net cash used in financing activities				(311)	678
Effect of exchange rate changes on cash and cash equivalents				(4,374)	(5,613)
Net increase in cash and cash equivalents				(59,671)	67,492
Cash and cash equivalents at beginning of period				93,725	40,223
Cash and cash equivalents at end of period		34,054	107,715	34,054	107,715
Eliminations
Cash flows from operating activities:
Net income		(345,873)	(121,716)	(447,677)	(233,059)
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation				0	0
Amortization of intangible assets				0	0
Stock-based compensation				0	0
Gain on Storage Transactions				0	0
(Gain) loss on sale of investment in Shred-it Partnership				0
Loss on investment in Shred-it Partnership				0	0
Gain on sale of stock of an equity method investment					0
Deferred income taxes				0	0
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net				0	0
Inventories, net				2,594	1,750
Uniforms and other rental items in service				(193)	783
Prepaid expenses and other current assets				0	0
Accounts payable				(10)	5
Accrued compensation and related liabilities				0	0
Accrued liabilities and other				724	746
Income taxes, current				0	0
Net cash provided by operating activities				(444,562)	(229,775)
Cash flows from investing activities:
Capital expenditures				0	0
Proceeds from redemption of marketable securities				0
Purchase of marketable securities and investments				4,010	(65,011)
Proceeds from Storage Transactions, net of cash contributed				0	0
Proceeds from Shredding Transaction					0
Proceeds from sale of investment in Shred-it Partnership				0
Proceeds from sale of stock of an equity method investment					0
Dividends received on equity method investment					0
Acquisitions of businesses, net of cash acquired				0	0
Other, net				441,276	295,532
Net cash provided by investing activities				445,286	230,521
Cash flows from financing activities:
Proceeds from issuance of debt				0
Repayment of debt				(724)	(746)
Exercise of stock-based compensation awards				0	0
Repurchase of common stock				0	0
Other, net				0	0
Net cash used in financing activities				(724)	(746)
Effect of exchange rate changes on cash and cash equivalents				0	0
Net increase in cash and cash equivalents				0	0
Cash and cash equivalents at beginning of period				0	0
Cash and cash equivalents at end of period		$ 0	$ 0	$ 0	$ 0