Cintas (CTAS) 10-K29 Jul 162016 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	May 31, 2016	Jun. 30, 2016	Nov. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	CINTAS CORP
Entity Central Index Key	723,254
Document Type	10-K
Document Period End Date	May 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--05-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 9,901,161,464
Entity Common Stock, Shares Outstanding		104,207,491
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	May 31, 2016	May 31, 2015	May 31, 2014
Revenue:
Uniform rental and facility services	$ 3,777,801	$ 3,539,843	$ 3,304,635
Other	1,127,657	937,043	889,209
Total revenue	4,905,458	4,476,886	4,193,844
Costs and expenses:
Cost of uniform rental and facility services	2,106,793	2,007,632	1,922,477
Cost of other	668,795	547,917	521,608
Selling and administrative expenses	1,348,122	1,224,930	1,147,039
Operating income	781,748	696,407	602,720
Gain on sale of stock of an equity method investment	0	21,739	0
Interest income	(896)	(339)	(229)
Interest expense	64,522	65,161	65,822
Income before income taxes	718,122	653,324	537,127
Income taxes	261,181	242,803	199,355
Income from continuing operations	456,941	410,521	337,772
Income from discontinued operations, net of tax of $133,712, $11,110 and $34,060, respectively	236,579	20,097	36,670
Net income	$ 693,520	$ 430,618	$ 374,442
Basic earnings (loss) per share, continuing operations (dollars per share)	$ 4.15	$ 3.51	$ 2.78
Basic earnings (loss) per share, discontinued operations (dollars per share)	2.15	0.17	0.30
Basic earnings per share (dollars per share)	6.30	3.68	3.08
Diluted earnings (loss) per share, continuing operations (dollars per share)	4.09	3.46	2.75
Diluted earnings (loss) per share, discontinued operations (dollars per share)	2.12	0.17	0.30
Diluted earnings per share (dollars per share)	6.21	3.63	3.05
Dividends declared and paid per share (dollars per share)	$ 1.05	$ 1.70	$ 0.77

Consolidated Statements of Inc3

Consolidated Statements of Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Income Statement [Abstract]
Discontinued operations, income tax expense	$ 133,712	$ 11,110	$ 34,060

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 693,520	$ 430,618	$ 374,442
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(11,933)	(38,538)	(9,787)
Cumulative translation adjustment on Shred-it	6,472	0	0
Change in fair value of derivatives	(12,156)	37	(228)
Amortization of interest rate lock agreements	1,952	1,952	1,952
Other	(738)	(350)	(1,632)
Other comprehensive loss	(16,403)	(36,899)	(9,695)
Comprehensive income	$ 677,117	$ 393,719	$ 364,747

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Current assets:
Cash and cash equivalents	$ 139,357	$ 417,073
Marketable securities	70,405	16,081
Accounts receivable, principally trade, less allowance of $19,604 and $15,674, respectively	563,178	496,130
Inventories, net	249,362	226,211
Uniforms and other rental items in service	539,956	534,005
Income taxes, current	1,712	936
Assets held for sale	0	21,341
Prepaid expenses and other current assets	26,065	24,030
Total current assets	1,590,035	1,735,807
Property and equipment, at cost, net	994,237	871,421
Investments	124,952	329,692
Goodwill	1,291,593	1,195,612
Service contracts, net	83,715	42,434
Other assets, net	19,861	17,494
Total assets	4,104,393	4,192,460
Current liabilities:
Accounts payable	114,514	109,607
Accrued compensation and related liabilities	101,976	88,423
Accrued liabilities	349,065	309,935
Liabilities held for sale	0	704
Long-term debt due within one year	250,000	0
Total current liabilities	815,555	508,669
Long-term liabilities:
Long-term debt due after one year	1,050,000	1,300,000
Deferred income taxes	259,475	339,327
Accrued liabilities	136,704	112,009
Total long-term liabilities	1,446,179	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, 2016: 179,598,516 shares issued and 104,213,479 shares outstanding, 2015: 178,117,334 shares issued and 111,702,949 shares outstanding	409,682	329,248
Paid-in capital	205,260	157,183
Retained earnings	4,805,867	4,227,620
Treasury stock: 2016: 75,385,037, 2015: 66,414,385 shares	(3,553,276)	(2,773,125)
Accumulated other comprehensive loss	(24,874)	(8,471)
Total shareholders' equity	1,842,659	1,932,455
Total liabilities and shareholders' equity	$ 4,104,393	$ 4,192,460

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Statement of Financial Position [Abstract]
Allowance on accounts receivable	$ 19,604	$ 15,674
Preferred stock, shares authorized (in shares)	100,000	100,000
Preferred stock, shares outstanding ( in shares)	0	0
Common stock, shares authorized (in shares)	425,000,000	425,000,000
Common stock, shares issued (in shares)	179,598,516	178,117,334
Common stock, shares outstanding (in shares)	104,213,479	111,702,949
Treasury stock, shares (in shares)	75,385,037	66,414,385

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Paid-In Capital	Retained Earnings	Other Accumulated Comprehensive Income (Loss)	Treasury Stock
Balance (shares) at May. 31, 2013		174,786				52,505
Beginning Balance at May. 31, 2013	$ 2,201,492	$ 186,332	$ 109,822	$ 3,717,771	$ 38,123	$ (1,850,556)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	374,442			374,442
Comprehensive income (loss), net of tax	(9,695)				(9,695)
Dividends	(93,320)			(93,320)
Stock-based compensation	44,746		44,746
Vesting of stock-based compensation awards (shares)		465
Vesting of stock-based compensation awards	0	$ 23,519	(23,519)
Stock options exercised, net of shares surrendered (shares)		1,127
Stock options exercised, net of shares surrendered		$ 41,902
Stock options exercised, net of shares surrendered	41,902
Repurchase of common stock (shares)						(6,836)
Repurchase of common stock	(370,599)					$ (370,599)
Other	3,890		3,890
Balance (shares) at May. 31, 2014		176,378				59,341
Ending Balance at May. 31, 2014	2,192,858	$ 251,753	134,939	3,998,893	28,428	$ (2,221,155)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	430,618			430,618
Comprehensive income (loss), net of tax	(36,899)				(36,899)
Dividends	(201,891)			(201,891)
Stock-based compensation	47,002		47,002
Vesting of stock-based compensation awards (shares)		575
Vesting of stock-based compensation awards	0	$ 37,265	(37,265)
Stock options exercised, net of shares surrendered (shares)		1,164
Stock options exercised, net of shares surrendered		$ 40,230
Stock options exercised, net of shares surrendered	40,230
Repurchase of common stock (shares)						(7,073)
Repurchase of common stock	(551,970)					$ (551,970)
Other	12,507		12,507
Balance (shares) at May. 31, 2015		178,117				66,414
Ending Balance at May. 31, 2015	1,932,455	$ 329,248	157,183	4,227,620	(8,471)	$ (2,773,125)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	693,520			693,520
Comprehensive income (loss), net of tax	(16,403)				(16,403)
Dividends	(115,273)			(115,273)
Stock-based compensation	79,293		79,293
Vesting of stock-based compensation awards (shares)		605
Vesting of stock-based compensation awards	0	$ 52,208	(52,208)
Stock options exercised, net of shares surrendered (shares)		876
Stock options exercised, net of shares surrendered		$ 28,226
Stock options exercised, net of shares surrendered	28,226
Repurchase of common stock (shares)						(8,971)
Repurchase of common stock	(780,151)					$ (780,151)
Other	20,992		20,992
Balance (shares) at May. 31, 2016		179,598				75,385
Ending Balance at May. 31, 2016	$ 1,842,659	$ 409,682	$ 205,260	$ 4,805,867	$ (24,874)	$ (3,553,276)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Cash flows from operating activities:
Net income	$ 693,520	$ 430,618	$ 374,442
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	149,691	140,624	168,220
Amortization of intangible assets	15,588	14,458	22,642
Stock-based compensation	79,293	47,002	29,875
Gain on Storage transactions	(15,786)	(38,573)	0
Loss (gain) on Shred-it	24,288	3,851	(108,441)
Gain on sale of stock of an equity method investment	0	(21,739)	0
Shredding Transaction asset impairment charge	0	0	16,143
Shredding Transaction costs	0	0	26,057
Deferred income taxes	(59,302)	20,866	47,109
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	(52,762)	(1,443)	(56,231)
Inventories, net	(17,917)	23,785	(11,062)
Uniforms and other rental items in service	(6,306)	(31,994)	(11,435)
Prepaid expenses and other current assets	(965)	(3,202)	(2,177)
Accounts payable	(564)	(33,445)	30,446
Accrued compensation and related liabilities	13,512	3,234	10,931
Accrued liabilities and other	22,714	33,066	54,237
Income taxes, current	(800)	(6,832)	15,213
Net cash provided by operating activities	465,845	580,276	605,969
Cash flows from investing activities:
Capital expenditures	(275,385)	(217,720)	(145,580)
Proceeds from redemption of marketable securities	434,179	161,938	54,196
Purchase of marketable securities and investments	(494,146)	(195,471)	(63,858)
Proceeds from Storage transactions, net of cash contributed	35,338	158,428	0
Proceeds from Shredding transactions, net of cash contributed	580,837	3,344	179,359
Proceeds from sale of stock of an equity method investment	0	29,933	0
Dividends received on equity method investment	0	5,247	0
Acquisitions of businesses, net of cash acquired	(156,579)	(15,495)	(33,441)
Other	4,137	1,383	(5,219)
Net cash provided by (used in) investing activities	128,381	44,987	(14,543)
Cash flows from financing activities:
Repayment of debt	(16)	(518)	(8,187)
Proceeds from exercise of stock-based compensation awards	28,226	40,230	41,902
Dividends paid	(115,273)	(201,891)	(93,320)
Repurchase of common stock	(780,151)	(551,970)	(370,599)
Other	490	1,589	469
Net cash used in financing activities	(866,724)	(712,560)	(429,735)
Effect of exchange rate changes on cash and cash equivalents	(5,218)	(8,918)	(676)
Net (decrease) increase in cash and cash equivalents	(277,716)	(96,215)	161,015
Cash and cash equivalents at beginning of year	417,073	513,288	352,273
Cash and cash equivalents at end of year	139,357	417,073	513,288
Shred-it Partnership
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on Storage transactions	(4,300)
Gain on sale of stock of an equity method investment	(378,359)	0	0
Shredding Transaction asset impairment charge			16,100
Cash flows from investing activities:
Proceeds from Shredding transactions, net of cash contributed	578,300
Dividends received on equity method investment	$ 0	$ 113,400	$ 0

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
Significant Accounting Policies	May 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Business description. Cintas Corporation (collectively with its majority-owned subsidiaries and any entities over which it has control, Cintas) helps more than 900,000 businesses of all types and sizes, primarily in North America, as well as Latin America, Europe and Asia, get Ready™ to open their doors with confidence every day by providing a wide range of products and services that enhance our customers’ image and help keep their facilities and employees clean, safe and looking their best. With products and services including uniforms, floor care, restroom supplies, first aid and safety products, fire extinguishers and testing, and safety and compliance training, Cintas helps customers get Ready for the Workday™. U.S. Generally Accepted Accounting Principles (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 Medical Inc. (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 recast to reflect these new operating segments. Cintas evaluates operating segment performance based on revenue and income before income taxes. Revenue and income before income taxes for each of these reportable operating segments for the years ended May 31, 2016, 2015 and 2014 are presented in Note 14 entitled Operating Segment Information. The Company regularly reviews its operating segments for reporting purposes based on the information its chief operating decision maker regularly reviews for purposes of allocating resources and assessing performance and makes changes when appropriate. 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 and Safety and Fire Protection Services operating segment consisted of first aid and safety products and services, and fire protection products and services. In fiscal 2014, Cintas completed its partnership transaction with the shareholders of Shred-it International Inc. to combine Cintas' shredding business (Shredding) with the shredding business of Shred-it International Inc. (the Shredding Transaction). Pursuant to the Shredding Transaction, the newly formed partnership (the Shred-it Partnership) was owned 42% by Cintas and 58% by the shareholders of Shred-it International Inc. Cintas' investment in the Shred-it Partnership (Shred-it) and the results of Shredding are classified as discontinued operations for all periods presented as a result of selling the investment during fiscal 2016. During fiscal 2015, Cintas sold the storage business (Storage) and, as a result, its operations are also classified as discontinued operations for all periods presented. Shredding and Storage were previously included in the former Document Management Services reportable operating segment. In accordance with the applicable accounting guidance for the disposal of long-lived assets and discontinued operations, the results of Shredding and Storage have been excluded from both continuing operations and operating segment results for all periods presented. Please see Note 16 entitled Discontinued Operations for additional information. Principles of consolidation. The consolidated financial statements include the accounts of Cintas controlled majority-owned subsidiaries and any entities over which Cintas has control. Intercompany balances and transactions have been eliminated as appropriate. Financial statement presentation. We have reclassified certain prior-year amounts to conform to the current year’s presentation. Use of estimates. The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Revenue recognition. Rental revenue, which is recorded in the Uniform Rental and Facility Services reportable operating segment, is recognized when services are performed. Other revenue, which is recorded in the First Aid and Safety Services reportable operating segment and All Other, is recognized when either services are performed or when products are shipped and the title and risks of ownership pass to the customer. Cost of uniform rental and facility services. Cost of uniform rental and facility services consists primarily of production expenses, delivery expenses and the amortization of in service inventory, including uniforms, mats, shop towels and other ancillary items. The Uniform Rental and Facility Services reportable operating segment inbound freight charges, purchasing and receiving costs, inspection costs, warehousing costs and other costs of distribution are included in the cost of uniform rental and facility services. Cost of other. Cost of other consists primarily of cost of goods sold (predominantly first aid and safety products, uniforms and fire protection products), delivery expenses and distribution expenses in the First Aid and Safety Services reportable operating segment and All Other. Cost of other includes inbound freight charges, purchasing and receiving costs, inspection costs, warehousing costs and other costs of distribution. Selling and administrative expenses. Selling and administrative expenses consist primarily of sales labor and commissions, management and administrative labor, payroll taxes, medical expense, insurance expense, legal and professional costs and amortization of finite-lived intangible assets. Cash and cash equivalents. Cintas considers all highly liquid domestic investments with a maturity of three months or less, at date of purchase, to be cash equivalents. At May 31, 2016 and 2015 , cash and cash equivalents includes $50.6 million and $43.0 million , respectively, of restricted cash used as collateral associated with the general insurance program. Marketable securities. Marketable securities are typically comprised of fixed income securities and are classified as available-for-sale. Accounts receivable. Accounts receivable is comprised of amounts owed through product shipments and services provided and is presented net of an allowance for doubtful accounts. The allowance is an estimate based on historical rates of collections and allowances for specific accounts identified as uncollectible. The allowance that is an estimate based on Cintas' historical rates of collections is recorded for overdue amounts, beginning with a nominal percentage and increasing substantially as the account ages. The amount provided as the account ages will differ slightly between the Uniform Rental and Facility Services reportable operating segment, the First Aid and Safety Services reportable operating segment and All Other because of differences in customers served and the nature of each business. When an account is considered uncollectible, it is written off against the allowance for doubtful accounts. Inventories. Inventories are valued at the lower of cost (first-in, first-out) or market. Cintas applies a commonly accepted practice of using inventory turns to apply variances between actual and standard costs to the inventory balances. The judgments and estimates used to calculate inventory turns will have an impact on the valuation of inventories at the lower of cost or market. Inventory is comprised of the following amounts: (In thousands) 2016 2015 Raw materials $ 17,794 $ 16,935 Work in process 14,731 17,079 Finished goods 216,837 192,197 $ 249,362 $ 226,211 Inventories are recorded net of reserves for obsolete inventory of $ 32.9 million and $ 30.7 million at May 31, 2016 and 2015 , respectively. The inventory obsolescence reserve is determined by specific identification, as well as an estimate based on Cintas' historical rates of obsolescence. Uniforms and other rental items in service. These items are valued at cost less amortization, calculated using the straight-line method. Uniforms in service (other than cleanroom and flame resistant clothing) are amortized over their useful life of 18 months. Other rental items, including shop towels, mats, mops, cleanroom garments, flame resistant clothing, linens and restroom dispensers, are amortized over their useful lives, which range from 8 to 60 months. The amortization rates used are based on industry experience, Cintas' specific experience and wear tests performed by Cintas. These factors are critical to determining the amount of in service inventory and related cost of uniforms and ancillary products that are presented in the consolidated financial statements. Property and equipment. Property and equipment is stated at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method primarily over the following estimated useful lives of the assets based on industry and Cintas specific experience, in years: Buildings 30 to 40 Building improvements 5 to 20 Equipment 3 to 10 Leasehold improvements 2 to 15 Investments. Investments consists primarily of the cash surrender value of life insurance policies and equity method investments. The equity method is used to account for an investment if our investment gives us the ability to exercise significant influence over the operating and financial policies of the investee. In general, equity method investments are initially measured at cost. However, an equity method investment resulting from a transaction in which a controlled group of assets that constitutes a business is deconsolidated is initially measured at fair value. Cintas recognizes its share of the investee’s earnings or losses in income. Cintas also adjusts its share of the investee's earnings for intra-entity transactions, basis differences, investee capital transactions and other comprehensive income through income or other comprehensive income as appropriate. Equity method investments are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment might not be recoverable. Long-lived assets. When events or circumstances indicate that the carrying amount of long-lived assets may not be recoverable, the estimated undiscounted future cash flows are compared to the carrying amount of the assets. If the estimated undiscounted future cash flows are less than the carrying amount of the assets, an impairment loss is recorded based on the excess of the carrying amount of the assets over their respective fair values. Fair value is generally determined by discounted cash flows or based on prices of similar assets, as appropriate. Cintas did not identify any indicators of impairment for the years ended May 21, 2016, 2015 and 2014. Goodwill. Goodwill, obtained through acquisitions of businesses, is valued at cost less any impairment. Cintas completes an annual impairment test, which may include an assessment of qualitative factors including, but not limited to, macroeconomic conditions, industry and market conditions, and entity specific factors such as strategies and financial performance. The test may also include the determination of the estimated fair value of Cintas' reporting units via comparisons to current market values, where available, and discounted cash flow analyses. Significant assumptions may include growth rates based on historical trends and margin improvement leveraged from such growth, as well as discount rates. We determine discount rates separately for each reporting unit using the weighted average cost of capital, which includes a calculation of cost of equity, which is developed using the capital asset pricing model and comparable company betas (a measure of systemic risk), and cost of debt. We also use comparable market earnings multiple data and our market capitalization to corroborate our reporting unit valuations. We test for goodwill impairment at the reporting unit level. As a result of Cintas’ operating segment realignment, the composition of Cintas’ reporting units for the evaluation of goodwill impairment has 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. Based on the results of this test and the annual impairment tests, Cintas was not required to recognize an impairment of goodwill for the fiscal years ended May 31, 2016 , 2015 or 2014 . Cintas will continue to perform impairment tests as of March 1 in future years and when indicators of impairment exist. Service contracts and other assets. Service contracts and other assets, which consist primarily of noncompete and consulting agreements obtained through acquisitions of businesses, are amortized by use of the straight-line method over the estimated lives of the agreements, which are generally 5 to 10 years. Certain noncompete agreements, as well as all service contracts, require that a valuation be determined using a discounted cash flow model. The assumptions and judgments used in these models involve estimates of cash flows and discount rates, among other factors. Because of the assumptions used to value these intangible assets, actual results over time could vary from original estimates. Impairment of service contracts and other assets is accomplished through specific identification. No impairment has been recognized by Cintas for the fiscal years ended May 31, 2016 , 2015 or 2014 . Accrued liabilities. Current accrued liabilities are recorded when it is probable that a liability has occurred and the amount of the liability can be reasonably estimated. Current accrued liabilities include the following amounts: (In thousands) 2016 2015 General insurance liabilities $ 128,759 $ 113,714 Employee benefit related liabilities 75,587 68,907 Taxes and related liabilities 5,783 6,064 Accrued interest 26,682 26,628 Other 112,254 94,622 $ 349,065 $ 309,935 General insurance liabilities represent the estimated ultimate cost of all asserted and unasserted claims incurred, primarily related to worker's compensation, auto liability and other general liability exposure through the consolidated balance sheet dates. Our reserves are estimated through actuarial procedures of the insurance industry and by using industry assumptions, adjusted for specific expectations based on our claims history. Cintas records an increase or decrease in selling and administrative expenses related to development of prior claims, higher claims activity and other environmental factors in the period in which it becomes known. These changes in estimates may be material to the consolidated financial statements. Long-term accrued liabilities consists primarily of reserves associated with unrecognized tax benefits, which are described in more detail in Note 8 entitled Income Taxes, and retirement obligations, which are described in more detail in Note 10 entitled Defined Contribution Plans. Stock-based compensation. Compensation expense is recognized for all share-based payments to employees, including stock options and restricted stock awards, in the consolidated statements of income based on the fair value of the awards that are granted. The fair value of stock options is estimated at the date of grant using the Black-Scholes option-pricing model. Measured compensation cost, net of estimated forfeitures, is recognized on a straight-line basis over the vesting period of the related share-based compensation award. Derivatives and hedging activities. Cintas formally documents all relationships between hedging instruments and hedged items, as well as its risk management objective and strategy for undertaking various hedge transactions. Derivatives are recorded at fair value on the consolidated balance sheet, and gains and losses are recorded as adjustments to income or other comprehensive income, as appropriate. Income taxes. Deferred tax assets and liabilities are determined by the differences between the consolidated financial statement carrying amounts and the tax basis of assets and liabilities. See Note 8 entitled Income Taxes for the types of items that give rise to significant deferred income tax assets and liabilities. Deferred income taxes are classified as assets or liabilities based on the classification of the related asset or liability for financial reporting purposes. Cintas regularly reviews deferred tax assets for recoverability based upon projected future taxable income and the expected timing of the reversals of existing temporary differences. Although realization is not assured, management believes it is more likely than not that the recorded deferred tax assets, as adjusted for valuation allowances, will be realized. Accounting for uncertain tax positions requires the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Companies may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. Cintas is periodically reviewed by domestic and foreign tax authorities regarding the amount of taxes due. These reviews include questions regarding the timing and amount of deductions and the allocation of income among various tax jurisdictions. In evaluating the exposure associated with various filing positions, Cintas records reserves as deemed appropriate. Based on Cintas' evaluation of current tax positions, Cintas believes its tax related accruals are appropriate. Litigation and other contingencies. Cintas is subject to legal proceedings and claims arising from the ordinary course of its business, including personal injury, customer contract, environmental and employment claims. GAAP requires that a liability for contingencies be recorded when it is probable that a liability has occurred and the amount of the liability can be reasonably estimated. 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 or consolidated results of operations of Cintas. Fair value measurements. Financial Accounting Standards Board (FASB) Accounting Standard Codification (ASC) Topic 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. It also establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: Level 1 — Quoted prices in active markets for identical assets or liabilities. Level 2 — Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Cintas' assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. In order to meet the requirements of ASC 820, Cintas utilizes two basic valuation approaches to determine the fair value of its assets and liabilities required to be recorded on a recurring basis at fair value. The first approach is the cost approach. The cost approach is generally the value a market participant would expect to replace the respective asset or liability. The second approach is the market approach. The market approach looks at what a market participant would consider valuing an exact or similar asset or liability to that of Cintas, including those traded on exchanges. Cintas' non-financial assets and liabilities not permitted or required to be measured at fair value on a recurring basis primarily relate to assets and liabilities acquired in a business acquisition unless otherwise noted in Note 2 entitled Fair Value Disclosures. Cintas is required to provide additional disclosures about fair value measurements as part of the consolidated financial statements for each major category of assets and liabilities measured at fair value on a non-recurring basis (including business acquisitions). Based on the nature of Cintas' business acquisitions, which occur regularly throughout the fiscal year, the majority of the assets acquired and liabilities assumed consist of working capital, primarily valued using Level 2 inputs, property and equipment, also primarily valued using Level 2 inputs and goodwill and other identified intangible assets valued using Level 3 inputs. In general, non-recurring fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities, which generally are not applicable to non-financial assets and liabilities. Fair values determined by Level 2 inputs utilize data points that are observable, such as definitive sales agreements, appraisals or established market values of comparable assets. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability and include situations where there is little, if any, market activity for the asset or liability, such as internal estimates of future cash flows and company specific discount rates. New accounting pronouncements. In February 2013, the FASB issued Accounting Standards Update (ASU) 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." ASU 2013-02 requires an entity to present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income if the item reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For reclassification items not required under GAAP to be reclassified directly to net income in their entirety in the same reporting period, an entity is required to cross-reference to other disclosures currently required under GAAP that provide additional detail about those amounts. The Company adopted ASU 2013-02 effective June 1, 2013. See Note 13 entitled Accumulated Other Comprehensive Income (Loss) for details of required disclosure. 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 Shred-it and will apply it to future transactions, as appropriate. In May 2014, the FASB issued 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 financial statements. 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. The impact of this change in accounting principle on balances previously reported as of May 31, 2015 was a reclassification of $112.4 million from current liabilities to long term liabilities. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842),” which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. Topic 842 supersedes the previous leases standard, ASC 840, Leases.This guidance is effective for reporting periods beginning after December 15, 2018; however, early adoption is permitted. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. Cintas is currently evaluating the impact that ASU 2016-02 will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting." ASU 2016-09 is intended to simplify accounting for share-based payments. Upon adoption, ASU 2016-09 will require that excess tax benefits for share-based payments be recorded as a reduction of income tax expense and reflected within operating cash flows rather than being recorded within equity and reflected within financing cash flows. The standard also permits the repurchase of more of an employee’s shares for tax withholding purposes without triggering liability accounting, clarifies that all cash payments made on an employee’s behalf for withheld shares should be presented as a financing activity on our cash flows statement, and provides an accounting policy election to account for forfeitures as they occur. This update is effective for interim and annual periods beginning after December 15, 2016; however, early adoption is permitted. The Company is currently assessing the effect that adoption of ASU 2016-09 will have on its consolidated financial statements. No other new accounting pronouncement recently issued or newly effective had or is expected to have a material impact on the Consolidated Financial Statements.

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
Fair Value Disclosures	May 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures All financial instruments that are measured at fair value on a recurring basis (at least annually) have been segregated into 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 May 31, 2016 (In thousands) Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 139,357 $ — $ — $ 139,357 Marketable securities: Canadian treasury securities — 70,405 — 70,405 Total assets at fair value $ 139,357 $ 70,405 $ — $ 209,762 Long term accrued liabilities: Interest rate lock agreement $ — $ 19,628 $ — $ 19,628 Total liabilities at fair value $ — $ 19,628 $ — $ 19,628 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 is 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 May 31, 2016 and 2015 was $70.4 million and $16.1 million , respectively. Purchases of marketable securities were $ 488.8 million , $ 179.2 million and $ 48.5 million for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively. All outstanding marketable securities as of May 31, 2016 and 2015 had contractual maturities due within one year. As of May 31, 2016, long-term accrued liabilities include interest rate lock agreements. The fair value of Cintas' interest rate lock agreements are based on similar exchange traded derivatives (market approach) and are, therefore, included within Level 2 of the fair value hierarchy. All other amounts included in long-term liabilities are not recorded at fair value. 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 was recorded at fair value. See Note 9 entitled Acquisitions and Divestitures for additional information on the measurement of the ZEE assets acquired and liabilities assumed.

Property and Equipment

Property and Equipment	12 Months Ended
Property and Equipment	May 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment (In thousands) 2016 2015 Land $ 117,881 $ 116,172 Buildings and improvements 509,316 501,742 Equipment 1,584,478 1,446,041 Leasehold improvements 28,530 26,023 Construction in progress 173,367 104,300 2,413,572 2,194,278 Less: accumulated depreciation 1,419,335 1,322,857 $ 994,237 $ 871,421 Interest expense is net of capitalized interest of $1.1 million and $0.6 million for the fiscal years ended May 31, 2016 and 2015 , respectively. Interest was not capitalized during the fiscal year ended May 31, 2014.

Investments

Investments	12 Months Ended
Investments	May 31, 2016
Investments [Abstract]
Investments	Investments Investments at May 31, 2016 of $125.0 million include the cash surrender value of insurance policies of $108.1 million , equity method investments of $14.5 million and cost method investments of $2.4 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 . Shred-it is classified as discontinued operations for all periods presented as a result of selling the investment during fiscal 2016. As allowed under applicable accounting guidance, the May 31, 2015 consolidated balance sheet amounts for these assets and liabilities remain in their natural classifications. See Note 16 entitled Discontinued Operations for additional information. During fiscal 2015, 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 fiscal year ended May 31, 2015. 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 fiscal years 2016 , 2015 and 2014 , no losses due to impairment were recorded.

Goodwill, Service Contracts and

Goodwill, Service Contracts and Other Assets	12 Months Ended
Goodwill, Service Contracts and Other Assets	May 31, 2016
Goodwill, Service Contracts and Other Assets [Abstract]
Goodwill, Service Contracts and Other Assets	Goodwill, Service Contracts and Other Assets In fiscal 2014, Storage was classified as discontinued operations. As a result, goodwill and service contracts related to this business, which were previously included in the former Document Management Services operating segment, are included within Corporate. Storage was sold in three separate transactions during fiscal 2014. See Note 16 entitled Discontinued Operations for more information. Changes in the carrying amount of goodwill and service contracts for the fiscal year ended May 31, 2015 , by historical reportable operating segment, are as follows: Goodwill (in thousands) Rental Uniforms & Ancillary Products Uniform Direct Sales First Aid, Safety & Fire Protection Corporate Total Balance as of June 1, 2014 $ 943,516 $ 23,905 $ 221,911 $ 78,079 $ 1,267,411 Goodwill acquired 70 — 8,578 — 8,648 Goodwill divested in Storage Transactions — — — (75,660 ) (75,660 ) Foreign currency translation (2,141 ) (227 ) — (2,419 ) (4,787 ) Balance as of May 31, 2015 $ 941,445 $ 23,678 $ 230,489 $ — $ 1,195,612 Service Contracts (in thousands) Rental Uniforms & Ancillary Products Uniform Direct Sales First Aid, Safety & Fire Protection Corporate Total Balance as of June 1, 2014 $ 17,171 $ — $ 28,034 $ 10,470 $ 55,675 Service contracts acquired 313 — 9,543 265 10,121 Service contracts divested in Storage Transactions — — — (9,570 ) (9,570 ) Service contracts amortization (5,619 ) — (7,005 ) (597 ) (13,221 ) Foreign currency translation (3 ) — — (568 ) (571 ) Balance as of May 31, 2015 $ 11,862 $ — $ 30,572 $ — $ 42,434 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 14 entitled Operating Segment Information. As a result of Cintas’ operating 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, which were Uniform Rental and Facility Services, First Aid and Safety Services, and three reporting units within All Other. 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 . The following table illustrates the changes in Goodwill as a result of the segment realignment: Goodwill Allocation as of June 1, 2015 (in thousands) Total Uniform Rental and Facility Services Rental Uniforms and Ancillary Products segment goodwill reassigned $ 929.4 Uniform Direct Sales segment goodwill reassigned 14.5 $ 943.9 First Aid and Safety Services First Aid, Safety and Fire Protection segment goodwill reassigned $ 155.0 All Other First Aid, Safety and Fire Protection segment goodwill reassigned $ 75.5 Rental Uniforms and Ancillary Products segment goodwill reassigned 12.0 Uniform Direct Sales segment goodwill reassigned 9.2 $ 96.7 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. Changes in the carrying amount of goodwill and service contracts for the fiscal year ended May 31, 2016, 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 at June 1, 2015 $ 943,909 $ 154,954 $ 96,749 1,195,612 Goodwill acquired 10,020 86,874 203 97,097 Foreign currency translation (713 ) (380 ) (23 ) (1,116 ) Balance as of May 31, 2016 $ 953,216 $ 241,448 $ 96,929 $ 1,291,593 Service Contracts (in thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Total Balance at June 1, 2015 $ 6,677 $ 1,576 $ 34,181 $ 42,434 Service contracts acquired 18,912 34,052 2,730 55,694 Service contracts amortization (4,398 ) (3,355 ) (6,639 ) (14,392 ) Foreign currency translation — (21 ) — (21 ) Balance as of May 31, 2016 $ 21,191 $ 32,252 $ 30,272 $ 83,715 Information regarding Cintas' service contracts and other assets is as follows: As of May 31, 2016 (In thousands) Carrying Amount Accumulated Amortization Net Service contracts $ 395,482 $ 311,767 $ 83,715 Noncompete and consulting agreements $ 42,378 $ 40,928 $ 1,450 Other 27,943 9,532 18,411 Total $ 70,321 $ 50,460 $ 19,861 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 $ 65,423 $ 47,929 $ 17,494 Amortization expense for continuing operations was $ 15.6 million , $ 13.7 million and $ 15.2 million for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively. Estimated amortization expense for continuing operations, excluding any future acquisitions, for each of the next five years is $ 13.8 million, $ 12.3 million, $ 11.7 million, $ 11.3 million and $ 9.4 million, respectively.

Long-Term Debt and Derivatives

Long-Term Debt and Derivatives	12 Months Ended
Long-Term Debt and Derivatives	May 31, 2016
Debt Disclosure [Abstract]
Long-Term Debt and Derivatives	Long-Term Debt and Derivatives (In thousands) 2016 2015 Unsecured term notes due through 2036 at an average rate of 4.6% $ 1,300,000 $ 1,300,000 Less: amounts due within one year 250,000 — $ 1,050,000 $ 1,300,000 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' long-term debt as of May 31, 2016 were $ 1,300.0 million and $ 1,416.6 million , respectively, and as of May 31, 2015 were $ 1,300.0 million and $ 1,418.6 million , respectively. Letters of credit outstanding were $ 83.4 million and $ 82.7 million at May 31, 2016 and 2015 , respectively. Maturities of long-term debt during each of the next five years are $250.0 million , $ 300.0 million , $0 , $0 and $0 , respectively. Interest paid was $ 64.5 million , $ 65.3 million and $ 65.9 million for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively. Cintas' commercial paper program has a capacity of $300.0 million at May 31, 2016, 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 . The revolving credit facility was amended on May 29, 2014, to extend the maturity date from October 6, 2016 to May 28, 2019, and to adjust the applicable margin used to calculate the interest payable on any outstanding loans and the facility fee payable under the agreement. On June 23, 2016, the revolving credit facility was amended to extend the maturity date from May 28, 2019 to June 22, 2021, increase the capacity to $450.0 million , and add an accordion feature that allows for a maximum borrowing capacity of $600.0 million . No commercial paper or borrowings on our revolving credit facility were outstanding at May 31, 2016 or 2015 . On June 1, 2016, Cintas paid the $250.0 million 5 -year senior notes that matured on that date with cash and $218.5 million proceeds from the issuance of commercial paper. 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 $ 2.0 million in each of the fiscal years ended May 31, 2016 , 2015 and 2014 . During the third quarter of fiscal 2016, Cintas entered into an interest rate lock agreement with a notional value of $550.0 million for a forecasted debt issuance. As of May 31, 2016 , the fair value of this treasury lock was $19.6 million and is recorded in long-term liabilities and other comprehensive income, net of tax. The interest rate lock had no impact on net income or cash flows from continuing operations for fiscal 2016. 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. These instruments did not impact foreign currency exchange during fiscal 2016 , 2015 or 2014 . Cintas had no foreign currency forward contracts as of May 31, 2016 or 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 of the 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.

Leases

Leases	12 Months Ended
Leases	May 31, 2016
Leases [Abstract]
Leases	Leases Cintas conducts certain operations from leased facilities and leases certain equipment. Most leases contain renewal options for periods from 1 to 10 years. The lease agreements provide for increases in rent expense if the options are exercised based on increases in certain price level factors or other prearranged factors. Step rent provisions, escalation clauses, capital improvements funding and other lease concessions are taken into account in computing minimum lease payments. Minimum lease payments are recognized on a straight-line basis over the minimum lease term. Lease payments are not dependent on an existing index or rate and are not included in minimum lease payments. It is anticipated that expiring leases will be renewed or replaced. The minimum rental payments under noncancelable lease arrangements for each of the next five years and thereafter are $ 30.5 million , $ 26.8 million , $ 20.8 million , $ 16.5 million , $ 12.5 million and $ 26.9 million , respectively. Rent expense for continuing operations under operating leases during the fiscal years ended May 31, 2016 , 2015 and 2014 , was $ 41.5 million , $ 34.9 million and $ 32.3 million , respectively.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	May 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes (In thousands) 2016 2015 2014 Income before income taxes for continuing operations consists of the following components: U.S. operations $ 697,974 $ 635,270 $ 519,386 Foreign operations 20,148 18,054 17,741 $ 718,122 $ 653,324 $ 537,127 (In thousands) 2016 2015 2014 Income tax expense for continuing operations consists of the following components: Current: Federal $ 284,046 $ 203,202 $ 139,102 State and local 25,926 25,346 18,286 309,972 228,548 157,388 Deferred (48,791 ) 14,255 41,967 $ 261,181 $ 242,803 $ 199,355 (In thousands) 2016 2015 2014 Reconciliation of income tax expense for continuing operations using the statutory rate and actual income tax expense is as follows: Income taxes at the U.S. federal statutory rate $ 251,352 $ 228,727 $ 187,375 State and local income taxes, net of federal benefit 16,672 16,705 17,934 Other (6,843 ) (2,629 ) (5,954 ) $ 261,181 $ 242,803 $ 199,355 The components of deferred income taxes included on the consolidated balance sheets are as follows: (In thousands) 2016 2015 Deferred tax assets: Allowance for doubtful accounts $ 7,416 $ 4,857 Inventory obsolescence 13,702 12,266 Insurance and contingencies 42,717 38,522 Stock-based compensation 45,720 29,910 Foreign related carry-forwards 17,883 16,862 Treasury locks 12,055 5,829 Other 8,100 9,461 147,593 117,707 Valuation allowance (17,047 ) (14,690 ) 130,546 103,017 Deferred tax liabilities: In service inventory 172,704 169,629 Property 93,784 77,871 Intangibles 104,585 84,218 Investment in partnerships 2,563 86,098 State taxes and other 16,385 24,528 390,021 442,344 Net deferred tax liability $ 259,475 $ 339,327 Due to differences in accounting for the book and tax basis in Shred-it and other partnerships, a deferred tax liability was recorded. After the sale of Shred-it in fiscal 2016, the related deferred tax liability was reclassified to current taxes payable. See Note 16 entitled Discontinued Operations for additional information. Although realization is not assured, management believes it is more likely than not that the recorded deferred tax assets, net of valuation allowances, will be realized. The progression of the valuation allowance is as follows: (In thousands) 2016 2015 Balance at beginning of year $ (14,690 ) $ (13,358 ) Additions (3,437 ) (2,433 ) Subtractions 1,080 1,101 Balance at end of year $ (17,047 ) $ (14,690 ) Income taxes paid were $ 452.6 million , $ 236.7 million and $ 172.5 million for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively. Undistributed earnings of foreign subsidiaries were approximately $ 117.2 million , $ 147.1 million and $ 172.7 million as of May 31, 2016 , 2015 and 2014 , respectively, for which deferred taxes have not been provided. Such earnings are considered to be permanently reinvested in Cintas' foreign subsidiaries. If such earnings were repatriated, additional tax expense may result. The current calculation of such additional taxes is not practicable. As of May 31, 2016 and 2015 , there was $ 12.9 million and $ 11.9 million , respectively, in total unrecognized tax benefits, which, if recognized, would favorably impact Cintas' effective tax rate. Cintas recognizes interest accrued related to unrecognized tax benefits and penalties in income tax expense in the consolidated statements of income, which is consistent with the recognition of these items in prior reporting periods. The total amount accrued for interest and penalties as of May 31, 2016 and 2015 , was $ 1.1 million and $ 0.9 million , respectively. Cintas records this tax liability as current and long-term accrued liabilities on the consolidated balance sheets, as appropriate. 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. Unrecognized tax benefits increased in fiscal 2016 and 2015 by $ 0.8 million and $ 1.4 million , respectively, and decreased in fiscal 2014 by $ 0.2 million . Accrued interest increased by $0.2 million in both fiscal 2016 and 2015 , and decreased by $0.4 million in fiscal 2014 . A reconciliation of the beginning and ending amount of the gross unrecognized tax benefits (exclusive of interest and penalties) is as follows: (In thousands) Balance at June 1, 2013 $ 13,709 Additions for tax positions of prior years 2,586 Settlements (1,270 ) Statute expirations (1,963 ) Balance at May 31, 2014 $ 13,062 Additions for tax positions of prior years 4,001 Settlements (48 ) Statute expirations (1,603 ) Balance at May 31, 2015 $ 15,412 Additions for tax positions of prior years 3,259 Settlements (48 ) Statute expirations (2,092 ) Balance at May 31, 2016 $ 16,531 On September 13, 2013, the U.S. Department of the Treasury and the Internal Revenue Service released final tangible property regulations under Sections 162(a) and 263(a) of the Internal Revenue Code regarding amounts paid to improve tangible property and acquire or produce tangible property, as well as proposed regulations regarding the disposition of property. The effective date of the final regulations was for Cintas' fiscal year ending May 31, 2015, and there was not a material impact on the consolidated financial statements for any period presented. 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 results of operation in any given period. All U.S. federal income tax returns are closed to audit through fiscal 2011. Cintas is currently in advanced stages of 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 $3.1 million for the fiscal year ending May 31, 2017 .

Acquisitions and Divestitures

Acquisitions and Divestitures	12 Months Ended
Acquisitions and Divestitures	May 31, 2016
Business Combinations [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures Acquisitions The purchase price paid for each acquisition has been allocated to the fair value of the assets acquired and liabilities assumed. During fiscal 2016 , Cintas acquired two businesses included in the Uniform Rental and Facility Services reportable operating segment, two businesses included in the First Aid and Safety Services reportable operating segment and six businesses included in All Other. During fiscal 2015 , Cintas acquired one business included in the Uniform Rental and Facility Services reportable operating segment, three businesses included in the First Aid and Safety Services reportable operating segment and eight businesses included in All Other. The following summarizes the aggregate purchase price and fair value allocations for all businesses acquired: (In thousands) 2016 2015 Fair value of tangible assets acquired $ 26,759 $ 177 Fair value of service contracts acquired 55,694 9,856 Fair value of other intangibles acquired 4,639 945 Net goodwill recognized 97,097 8,648 Total fair value of assets acquired 184,189 19,626 Fair value of liabilities assumed and incurred 27,610 4,131 Total cash paid for acquisitions $ 156,579 $ 15,495 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 operates within the First Aid and Safety Services reportable operating segment. This acquisition has expanded our footprint in van delivered first aid, safety, training and emergency products and will allow us to serve an even greater number of customers in North America. The table below summarizes the preliminary 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 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. Assets: Cash and cash equivalents $ 333 Accounts receivable 16,705 Inventory 5,987 Other current assets 1,443 Property, plant and equipment 849 Goodwill 86,392 Service contracts 34,000 Other intagibles 4,500 Liabilities: Accounts payable (7,195 ) Accrued liabilities (4,428 ) Deferred income taxes (4,586 ) 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 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. The results of operations for the acquired businesses are included in the consolidated statements of income from the dates of acquisition. The proforma revenue, net income and earnings per share information relating to acquired businesses are not presented because they are not significant to Cintas. Divestitures In fiscal 2014, Cintas completed the Shredding Transaction with Shred-it International, Inc. to combine Cintas’ Shredding with Shred-it International Inc.’s shredding business and created the Shred-it Partnership. In fiscal 2016, Cintas sold Shred-it. In fiscal 2015, Cintas sold Storage. Storage, excluding related real estate owned by Cintas, was sold in three separate transactions to three separate buyers. In fiscal 2016, Cintas sold the remaining Storage assets classified as held for sale. Both Shredding and Storage were previously included in the former Document Management Services operating segment. As a result of the transactions noted above, the results from Shredding, Shred-it and Storage are reported under discontinued operations for all periods presented and are excluded from continuing operations and from operating segment results for all periods presented. See Note 16 entitled Discontinued Operations for additional information.

Defined Contribution Plans

Defined Contribution Plans	12 Months Ended
Defined Contribution Plans	May 31, 2016
Defined Contribution Plans [Abstract]
Defined Contribution Plans	Defined Contribution Plans Cintas' Partners' Plan (the Plan) is a non-contributory profit sharing plan and Employee Stock Ownership Plan (ESOP) for the benefit of substantially all U.S. Cintas employee-partners who have completed one year of service. The Plan also includes a 401(k) savings feature covering substantially all U.S. employee-partners. The amounts of contributions to the Plan and ESOP, as well as the matching contribution to the 401(k), are made at the discretion of the Board of Directors. Total contributions, including Cintas' matching contributions, which approximate cost, were $ 43.1 million , $ 38.4 million and $ 33.7 million for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively. Cintas has a non-contributory deferred profit sharing plan (DPSP), which covers substantially all Canadian employee-partners. In addition, a registered retirement savings plan (RRSP) is offered to those employees. The amounts of contributions to the DPSP, as well as the matching contribution to the RRSP, are made at the discretion of the Board of Directors. Total contributions, which approximate cost, were $ 1.6 million , $ 1.5 million and $ 1.6 million for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively. Cintas has a supplemental executive retirement plan (SERP) subject to Section 409A of the Internal Revenue Code for the benefit of certain highly compensated Cintas employee-partners. The SERP allows participants to defer the receipt of compensation which would otherwise become payable to them. Matching contributions are made at the discretion of the Board of Directors. Total matching contributions were $ 6.6 million , $ 6.1 million and $ 6.0 million for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively.

Earnings per Share

Earnings per Share	12 Months Ended
Earnings per Share	May 31, 2016
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: (In thousands except per share data) 2016 2015 2014 Basic Earnings per Share from Continuing Operations Income from continuing operations $ 456,941 $ 410,521 $ 337,772 Less: income from continuing operations allocated to participating securities 7,405 3,900 3,082 Income from continuing operations available to common shareholders $ 449,536 $ 406,621 $ 334,690 Basic weighted average common shares outstanding 108,221 115,900 120,377 Basic earnings per share from continuing operations $ 4.15 $ 3.51 $ 2.78 (In thousands except per share data) 2016 2015 2014 Diluted Earnings per Share from Continuing Operations Income from continuing operations $ 456,941 $ 410,521 $ 337,772 Less: income from continuing operations allocated to participating securities 7,405 3,900 3,082 Income from continuing operations available to common shareholders $ 449,536 $ 406,621 $ 334,690 Basic weighted average common shares outstanding 108,221 115,900 120,377 Effect of dilutive securities – employee stock options 1,735 1,643 1,263 Diluted weighted average common shares outstanding 109,956 117,543 121,640 Diluted earnings per share from continuing operations $ 4.09 $ 3.46 $ 2.75 Basic and diluted earnings per share from discontinued operations was calculated using the two-class method. Basic earnings per share from discontinued operations were $2.15 , $0.17 and $0.30 for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively. Diluted earnings per share from discontinued operations were $2.12 , $0.17 and $0.30 for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively. For the fiscal years ended May 31, 2016 , 2015 and 2014 , options granted to purchase 0.5 million , 0.6 million and 0.7 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 shares (anti-dilutive). On July 30, 2013, Cintas announced that the Board of Directors authorized a $500.0 million share buyback program. This program was completed in February 2015. On January 13, 2015, we announced that the Board of Directors authorized a $500.0 million share buyback program. This program was completed in September 2015. 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) 2016 2015 Buyback Program Shares Avg. Price per Share Purchase Price Shares Avg. Price per Share Purchase Price July 30, 2013 — $ — $ — 3,981 $ 75.49 $ 300,500 January 13, 2015 3,078 $ 85.44 $ 262,928 2,870 $ 82.60 $ 237,072 August 4, 2015 5,649 $ 87.85 $ 496,309 — $ — $ — 8,727 $ 87.00 $ 759,237 6,851 $ 78.47 $ 537,572 In June 2016, we purchased 0.1 million shares at an average price of $94.09 per share for a total purchase price of $3.7 million . This completed the August 4, 2015 program through which Cintas purchased a total of 5.7 million shares of Cintas common stock at an average price of $87.89 per share for a total purchase price of $500.0 million . In addition to the buyback program, Cintas acquired shares of Cintas common stock in satisfaction of employee payroll taxes due on restricted stock awards that vested during the fiscal year. For the fiscal year ended May 31, 2016 , Cintas acquired 0.2 million shares at an average price of $86.07 per share for a total purchase price of $20.9 million . For the fiscal year ended May 31, 2015 , Cintas acquired 0.2 million shares at an average price of $64.58 per share for a total purchase price of $14.4 million .

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
Stock-Based Compensation	May 31, 2016
Share-based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation Under Cintas' 2005 Equity Compensation Plan, as amended, (the 2005 Equity Compensation Plan) Cintas may grant officers and key employee-partners equity compensation in the form of stock options, stock appreciation rights, restricted and unrestricted stock awards, performance awards and other stock unit awards up to an aggregate of 21,000,000 shares of Cintas' common stock. At May 31, 2016 , 7,174,600 shares of common stock are reserved for future issuance under the 2005 Equity Compensation Plan. Total compensation cost for stock-based awards for continuing operations was $79.3 million , $44.9 million and $27.5 million for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively. The total income tax benefit recognized in the consolidated income statement for share-based compensation arrangements for continuing operations was $ 28.9 million , $ 16.7 million and $ 10.2 million for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively. Stock Options Stock options are granted at the fair market value of the underlying common stock on the date of grant. The option terms are determined by the Compensation Committee of the Board of Directors, but no stock option may be exercised later than 10 years after the date of the grant. The option awards generally have 10 -year terms with graded vesting in years 3 through 5 based on continuous service during that period. Cintas recognizes compensation expense for these options using the straight-line recognition method over the vesting period. The fair value of options was estimated at the date of grant using a Black-Scholes option-pricing model with the following assumptions: 2016 2015 2014 Risk-free interest rate 2.0 % 2.0 % 2.0 % Dividend yield 1.4 % 1.6 % 1.7 % Expected volatility of Cintas' common stock 23.3 % 28.0 % 28.0 % Expected life of the option in years 7.5 7.5 7.5 The risk-free interest rate is based on U.S. government issues with a remaining term equal to the expected life of the stock options. The determination of expected volatility is based on historical volatility of Cintas' common stock over the period commensurate with the expected term of stock options, as well as other relevant factors. The weighted average expected term was determined based on the historical employee exercise behavior of the options. The weighted-average fair value of stock options granted during fiscal 2016 , 2015 and 2014 was $ 21.60 , $ 20.64 and $ 16.63 , respectively. The information presented in the following table relates primarily to stock options granted and outstanding under either the 2005 Equity Compensation Plan or under previously adopted plans: Shares Weighted Average Exercise Price Outstanding, June 1, 2013 (1,815,795 shares exercisable) 7,885,638 $ 37.60 Granted 2,111,649 61.04 Canceled (699,314 ) 42.42 Exercised (1,272,179 ) 39.03 Outstanding, May 31, 2014 (1,583,413 shares exercisable) 8,025,794 43.12 Granted 1,590,185 84.59 Canceled (486,720 ) 55.50 Exercised (1,293,689 ) 38.11 Outstanding, May 31, 2015 (1,426,550 shares exercisable) 7,835,570 51.59 Granted 1,739,767 93.55 Canceled (235,455 ) 60.01 Exercised (919,975 ) 35.07 Outstanding, May 31, 2016 (1,649,236 shares exercisable) 8,419,907 $ 61.83 The intrinsic value of stock options exercised was $48.5 million , $44.3 million and $19.8 million for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively. The total cash received from employees as a result of employee stock option exercises for the fiscal years ended May 31, 2016 , 2015 and 2014 was $ 28.2 million , $40.2 million and $41.9 million , respectively. The fair value of stock options vested was $ 11.0 million , $ 10.9 million and $ 17.7 million for the fiscal years ended May 31, 2016 , 2015 and 2014 , respectively. The following table summarizes the information related to stock options outstanding at May 31, 2016 : Outstanding Options Exercisable Options Range of Exercise Prices Number Outstanding Average Remaining Option Life Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 20.29 – $ 37.75 1,555,054 4.44 $ 31.22 1,122,463 $ 29.87 37.76 – 47.22 2,105,731 6.33 42.33 437,534 39.91 47.23 – 86.09 1,824,303 8.17 64.90 89,239 62.96 86.10 – 95.09 2,934,819 9.58 90.54 — — $ 20.29 – $ 95.09 8,419,907 7.51 $ 61.83 1,649,236 $ 34.32 At May 31, 2016 , the aggregate intrinsic value of stock options outstanding and exercisable was $ 276.5 million and $ 99.7 million , respectively. The weighted-average remaining contractual term of stock options exercisable is 4.7 years. Restricted Stock Awards Restricted stock awards consist of Cintas' common stock that is subject to such conditions, restrictions and limitations as the Compensation Committee of the Board of Directors determines to be appropriate. The vesting period is generally three years after the grant date. The recipient of restricted stock awards will have all rights of a shareholder of Cintas, including the right to vote and the right to receive cash dividends, during the vesting period. Cintas recognizes compensation expense for these restricted stock awards using the straight-line recognition method over the vesting period. The information presented in the following table relates to restricted stock awards granted and outstanding under either the 2005 Equity Compensation Plan or under previously adopted plans: Shares Weighted Average Grant Price Outstanding, unvested grants at June 1, 2013 2,015,023 $ 35.97 Granted 661,514 60.66 Canceled (52,124 ) 37.95 Vested (465,635 ) 28.76 Outstanding, unvested grants at May 31, 2014 2,158,778 45.04 Granted 627,033 80.73 Canceled (50,277 ) 49.33 Vested (525,421 ) 34.39 Outstanding, unvested grants at May 31, 2015 2,210,113 57.60 Granted 1,069,748 92.10 Canceled (70,998 ) 65.79 Vested (605,427 ) 38.76 Outstanding, unvested grants at May 31, 2016 2,603,436 $ 75.94 The remaining unrecognized compensation cost related to unvested stock options and restricted stock at May 31, 2016 was $ 149.4 million . The weighted-average period of time over which this cost will be recognized is 1.9 years.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
Accumulated Other Comprehensive Income (Loss)	May 31, 2016
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 May 31, 2014 $ 41,525 $ (12,615 ) $ (482 ) $ 28,428 Other comprehensive (loss) income before reclassifications (38,538 ) 37 (350 ) (38,851 ) Amounts reclassified from accumulated other comprehensive income (loss) — 1,952 — 1,952 Net current period other comprehensive (loss) income (38,538 ) 1,989 (350 ) (36,899 ) Balance at May 31, 2015 2,987 (10,626 ) (832 ) (8,471 ) Other comprehensive loss before reclassifications (11,933 ) (12,156 ) (738 ) (24,827 ) Amounts reclassified from accumulated other comprehensive income (loss) 6,472 1,952 — 8,424 Net current period other comprehensive loss (5,461 ) (10,204 ) (738 ) (16,403 ) Balance at May 31, 2016 $ (2,474 ) $ (20,830 ) $ (1,570 ) $ (24,874 ) The following table summarizes the reclassifications out of accumulated other comprehensive loss during fiscal years ended May 31, 2016 and 2015 : Reclassifications out of Accumulated Other Comprehensive Income (Loss) Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line in the Consolidated Statements of Income (in thousands) 2016 2015 Amortization of interest rate locks $ (3,130 ) $ (3,130 ) Interest expense Tax benefit 1,178 1,178 Income taxes Amortization of interest rate locks, net of tax $ (1,952 ) $ (1,952 ) Net of tax (in thousands) 2016 2015 Cumulative translation adjustment on Shred-it (1) $ (10,381 ) $ — Income from discontinued operations Tax benefit 3,909 — Income from discontinued operations Cumulative translation adjustment on Shred-it, net of tax (1) $ (6,472 ) $ — Net of tax (1) The cumulative translation adjustment was reclassified out of accumulated other comprehensive income due to the sale of Shred-it.

Operating Segment Information

Operating Segment Information	12 Months Ended
Operating Segment Information	May 31, 2016
Segment Reporting [Abstract]
Operating Segment Information	Operating Segment Information GAAP requires companies to evaluate their reportable operating segments periodically and when certain events occur. As a result of a periodic 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 recast to reflect these new operating segments. Prior to June 1, 2015, Cintas classified its businesses into three operating segments based on the types of products and services provided. 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 Significant Accounting Policies. 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 May 31, 2016 Revenue $ 3,777,801 $ 461,783 $ 665,874 $ — $ 4,905,458 Gross margin $ 1,671,008 $ 197,010 $ 261,852 $ — $ 2,129,870 Selling and administrative expenses 998,069 147,503 202,550 — 1,348,122 Interest expense, net — — — 63,626 63,626 Income before income taxes $ 672,939 $ 49,507 $ 59,302 $ (63,626 ) $ 718,122 Depreciation and amortization $ 130,822 $ 16,021 $ 18,436 $ — $ 165,279 Capital expenditures $ 237,884 $ 22,364 $ 15,137 $ — $ 275,385 Total assets $ 3,114,159 $ 421,789 $ 358,683 $ 209,762 $ 4,104,393 May 31, 2015 Revenue $ 3,539,843 $ 326,593 $ 610,450 $ — $ 4,476,886 Gross margin $ 1,532,211 $ 152,339 $ 236,787 $ — $ 1,921,337 Selling and administrative expenses 926,176 107,226 191,528 — 1,224,930 Gain on sale of stock of an equity method investment — — — 21,739 21,739 Interest expense, net — — — 64,822 64,822 Income before income taxes $ 606,035 $ 45,113 $ 45,259 $ (43,083 ) $ 653,324 Depreciation and amortization $ 123,577 $ 9,774 $ 19,244 $ — $ 152,595 Capital expenditures $ 184,246 $ 13,589 $ 18,983 $ 902 $ 217,720 Total assets $ 2,845,326 $ 255,202 $ 345,201 $ 746,731 $ 4,192,460 May 31, 2014 Revenue $ 3,304,635 $ 294,966 $ 594,243 $ — $ 4,193,844 Gross margin $ 1,382,158 $ 136,136 $ 231,465 $ — $ 1,749,759 Selling and administrative expenses 860,311 96,246 190,482 — 1,147,039 Interest expense, net — — — 65,593 65,593 Income before income taxes $ 521,847 $ 39,890 $ 40,983 $ (65,593 ) $ 537,127 Depreciation and amortization $ 118,828 $ 8,283 $ 20,178 $ — $ 147,289 Capital expenditures $ 94,619 $ 9,195 $ 7,370 $ 34,396 $ 145,580 Total assets $ 2,840,809 $ 257,603 $ 340,650 $ 1,023,390 $ 4,462,452 (1) Corporate assets include cash and marketable securities in all periods. Corporate assets as of May 31, 2015 include Shred-it and real estate assets of Storage that were not included in the sale transactions. Corporate assets as of May 31, 2014 include Shred-it and the assets of Storage.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
Quarterly Financial Data (Unaudited)	May 31, 2016
Quarterly Financial Data [Abstract]
Quarterly Financial Data (Unaudited)	Quarterly Financial Data (Unaudited) The following is a summary of the results of operation for each of the quarters within the fiscal years ended May 31, 2016 and 2015 : May 31, 2016 (in thousands) First Quarter Second Quarter Third Quarter Fourth Quarter Revenue $ 1,198,890 $ 1,219,080 $ 1,216,083 $ 1,271,405 Gross margin $ 524,144 $ 527,400 $ 524,608 $ 553,718 Net income, continuing operations $ 106,198 $ 115,453 $ 117,279 $ 118,011 Basic earnings per share, continuing operations $ 0.94 $ 1.05 $ 1.07 $ 1.09 Diluted earnings per share, continuing operations $ 0.93 $ 1.03 $ 1.05 $ 1.08 Weighted average number of shares outstanding 110,597 108,301 107,843 106,136 May 31, 2015 (in thousands) (1) (2) First Quarter Second Quarter Third Quarter Fourth Quarter Revenue $ 1,102,077 $ 1,123,379 $ 1,108,847 $ 1,142,583 Gross margin $ 477,946 $ 481,424 $ 475,307 $ 486,660 Net income, continuing operations $ 105,905 $ 103,701 $ 100,331 $ 100,584 Basic earnings per share, continuing operations $ 0.90 $ 0.88 $ 0.86 $ 0.87 Diluted earnings per share, continuing operations $ 0.89 $ 0.86 $ 0.85 $ 0.86 Weighted average number of shares outstanding 116,659 117,115 116,178 113,666 (1) The figures for fiscal 2015 reflect the change in classification of Shred-it to discontinued operations within the Consolidated Statements of Income. See Note 16 entitled Discontinued Operations for additional information. (2) During the fiscal 2015 first quarter, Cintas recognized a gain on the sale of stock in an equity method investment in the net amount of $ 13.6 million .

Discontinued Operations

Discontinued Operations	12 Months Ended
Discontinued Operations	May 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations The results of Shred-it and Shredding are classified as discontinued operations for all periods presented as a result of entering into a definitive agreement during fiscal 2016 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. Shredding and Storage were previously included in the former Document Management Services reportable operating segment. In accordance with the applicable accounting guidance for the disposal of long-lived assets, the results of Shredding and Storage have been excluded from both continuing operations and operating segment results for all periods presented. In fiscal 2014, Cintas completed the Shredding Transaction and realized a $106.4 million gain. The gain was computed as follows: the fair value of consideration received of $180.0 million plus the fair value of Cintas' retained non-controlling interest in Shred-it of $339.4 million less the carrying amount of Shredding of $413.0 million . As a result of the Shredding Transaction, the Company recorded an asset impairment charge of $16.1 million and other transaction costs of $28.5 million in fiscal 2014. The impairment charge was related to the abandonment of information systems assets that were not contributed to Shred-it and cannot be used by the Company for other purposes. The other transaction costs consisted of the following: $4.7 million of professional and legal fees; $0.7 million of employee termination benefit costs; $12.4 million of stock compensation expense resulting from the immediate vesting of Cintas stock options and awards of employees contributed to Shred-it; a $4.2 million charge for information systems contracts for which no future economic benefit exists; and $6.5 million of incremental profit sharing and employee compensation resulting from the gain, net of the impairment charge and other transaction costs. All of the impacts from the Shredding Transaction have been included in discontinued operations. For the fiscal year ended May 31, 2014, Cintas recorded a net gain on Shred-it of $1.2 million . Also, in conjunction with the partnership agreement, Cintas agreed to provide certain transition services such as information technology and accounting in support of Shred-it. The agreement expired in September 2015. At May 31, 2015, the carrying value of Shred-it was $210.1 million . In May of fiscal 2015, the Company received a dividend on Shred-it of $113.4 million , which reduced the carrying value of the investment. As of May 31, 2015, Cintas’ carrying value of Shred-it exceeded its share of the underlying equity in the net assets of the Shred-it Partnership by approximately $94.0 million (basis difference). The remaining basis difference was to be amortized over the weighted average estimated useful lives of the underlying assets which generated the basis difference (approximately 9 years) and recorded as a reduction in the income (loss) on Shred-it, net of tax. Cintas recorded its share of the partnership's income on a one month lag. For the fiscal year ended May 31, 2015, Cintas recorded a net loss on Shred-it of $5.5 million , which included amortization of basis differences of approximately $11.0 million . Cintas provides the following unaudited summary information regarding the Shred-it Partnership's financial position and results of operations as of and for the twelve months ended April 30, 2015: Summary Balance Sheet Information As of (in thousands) April 30, 2015 Assets Current assets $ 150,792 Non-current assets $ 968,956 Liabilities Current liabilities $ 73,971 Non-current liabilities $ 532,673 Summary Income Statement Information For the 12 Months Ended (in thousands) April 30, 2015 Net sales $ 695,628 Gross profit $ 432,532 Net income $ 10,385 In fiscal 2015, Cintas received additional proceeds related to the Shred-it Transaction. The Company realized a $4.1 million gain, net of tax, as a result of the additional consideration received. During fiscal 2015, we also recorded a loss related to the Shred-it Transaction due to the settlement of an outstanding Shredding-related legal claim. The expense, net of tax, was $1.0 million . In fiscal 2016, we completed the transaction to sell Shred-it. Cintas’ share of the proceeds from the sale were $578.3 million . During the fourth quarter of fiscal 2016, Cintas received additional proceeds and consideration related to the sale of Shred-it. The Company realized a pre-tax gain of $4.3 million as a result of the additional consideration received. At May 31, 2016, Cintas still has the opportunity to receive up to $30 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. During the fiscal year ended May 31, 2016 , Cintas recorded a net loss on Shred-it of $24.3 million , which included amortization of basis differences of approximately $4.8 million . After the sale Shred-it, the basis difference no longer exists and Cintas no longer records income or loss from Shred-it. In fiscal 2015, Cintas sold Storage, excluding certain real estate owned by Cintas, in three separate transactions to three separate buyers. Certain real estate assets and related liabilities were not included in the Storage transactions in 2015 and were classified as held for sale as of May 31, 2015. This real estate was leased by a buyer of part of Storage. These lease payments did 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. For the fiscal year ended May 31, 2015, cash proceeds received at the closing of each transaction or upon the settlement of contingencies totaled $158.4 million , net of cash contributed. Each transaction involved contingent consideration, and the Company had opportunities to receive additional proceeds if specified future events occurred. Because of the uncertainty surrounding the future events, these amounts represented gain contingencies and were not recorded until realized. During fiscal 2016, Cintas received additional proceeds on the sale of Storage related to the contingent consideration and realized a pre-tax gain of $10.9 million . During fiscal 2016, Cintas also sold the remaining Storage assets classified as held for sale. Cintas received proceeds of $24.4 million from the sale of these assets and realized a pretax gain of $4.8 million . Following is selected financial information included in net income from discontinued operations for the Shredding and Storage businesses: (In thousands) 2016 2015 (1) 2014 (1) Revenue $ — $ 31,379 $ 357,967 Income (loss) before income taxes, excluding gains (losses) from sale transactions and investments 434 (3,515 ) 6,913 Gain on Storage transactions 15,786 38,573 — (Loss) gain on Shred-it (1) (24,288 ) (3,851 ) 63,817 Gain on sale of Shred-it 378,359 — — Income tax expense (133,712 ) (11,110 ) (34,060 ) Net income from discontinued operations $ 236,579 $ 20,097 $ 36,670 (1) Results for the fiscal years ended May 31, 2015 and 2014 related to Shred-it and Shredding were previously presented in continuing operations and were reclassified to discontinued operations as previously discussed.

Supplemental Guarantor Informat

Supplemental Guarantor Information	12 Months Ended
Supplemental Guarantor Information	May 31, 2016
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 of long-term 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 Year Ended May 31, 2016 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 2,913,812 $ 805,722 $ 213,526 $ (155,259 ) $ 3,777,801 Other — 1,576,078 8,542 66,270 (523,233 ) 1,127,657 Equity in net income of affiliates 456,941 — — — (456,941 ) — 456,941 4,489,890 814,264 279,796 (1,135,433 ) 4,905,458 Costs and expenses (income): Cost of uniform rental and facility services — 1,709,912 490,383 142,601 (236,103 ) 2,106,793 Cost of other — 1,070,064 (41,762 ) 48,539 (408,046 ) 668,795 Selling and administrative expenses — 1,427,424 (121,514 ) 69,257 (27,045 ) 1,348,122 Operating income 456,941 282,490 487,157 19,399 (464,239 ) 781,748 Interest income — — (666 ) (232 ) 2 (896 ) Interest expense (income) — 65,534 (1,027 ) 15 — 64,522 Income before income taxes 456,941 216,956 488,850 19,616 (464,241 ) 718,122 Income taxes — 71,323 180,100 9,874 (116 ) 261,181 Income from continuing operations 456,941 145,633 308,750 9,742 (464,125 ) 456,941 Income (loss) from discontinued operations, net of tax 236,579 242,416 — (5,837 ) (236,579 ) 236,579 Net income $ 693,520 $ 388,049 $ 308,750 $ 3,905 $ (700,704 ) $ 693,520 Condensed Consolidating Income Statement Year Ended May 31, 2015 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 2,699,466 $ 748,185 $ 229,391 $ (137,199 ) $ 3,539,843 Other — 1,379,572 2,159 57,349 (502,037 ) 937,043 Equity in net income of affiliates 410,521 — — — (410,521 ) — 410,521 4,079,038 750,344 286,740 (1,049,757 ) 4,476,886 Costs and expenses (income): Cost of uniform rental and facility services — 1,660,625 407,505 154,601 (215,099 ) 2,007,632 Cost of other — 889,524 16,120 37,628 (395,355 ) 547,917 Selling and administrative expenses — 1,276,745 (100,024 ) 74,523 (26,314 ) 1,224,930 Operating income 410,521 252,144 426,743 19,988 (412,989 ) 696,407 Gain on sale of stock of an equity method investment — — 21,739 — — 21,739 Interest income — (12 ) (250 ) (79 ) 2 (339 ) Interest expense (income) — 66,298 (1,134 ) (3 ) — 65,161 Income before income taxes 410,521 185,858 449,866 20,070 (412,991 ) 653,324 Income taxes — 66,498 168,706 7,665 (66 ) 242,803 Income from continuing operations 410,521 119,360 281,160 12,405 (412,925 ) 410,521 Income from discontinued operations, net of tax 20,097 15,501 — 4,596 (20,097 ) 20,097 Net income $ 430,618 $ 134,861 $ 281,160 $ 17,001 $ (433,022 ) $ 430,618 Condensed Consolidating Income Statement Year Ended May 31, 2014 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 2,500,618 $ 690,831 $ 235,118 $ (121,932 ) $ 3,304,635 Other — 1,302,715 4,192 53,990 (471,688 ) 889,209 Equity in net income of affiliates 337,772 — — — (337,772 ) — 337,772 3,803,333 695,023 289,108 (931,392 ) 4,193,844 Costs and expenses (income): Cost of uniform rental and facility services — 1,576,226 386,556 160,795 (201,100 ) 1,922,477 Cost of other — 843,675 16,570 37,334 (375,971 ) 521,608 Selling and administrative expenses — 1,172,858 (83,765 ) 76,049 (18,103 ) 1,147,039 Operating income 337,772 210,574 375,662 14,930 (336,218 ) 602,720 Interest income — (43 ) (178 ) (15,279 ) 15,271 (229 ) Interest expense (income) — 66,461 (635 ) (4 ) — 65,822 Income before income taxes 337,772 144,156 376,475 30,213 (351,489 ) 537,127 Income taxes — 43,327 148,332 7,774 (78 ) 199,355 Income from continuing operations 337,772 100,829 228,143 22,439 (351,411 ) 337,772 Income (loss) from discontinued operations, net of tax 36,670 61,434 (23,134 ) (1,630 ) (36,670 ) 36,670 Net income $ 374,442 $ 162,263 $ 205,009 $ 20,809 $ (388,081 ) $ 374,442 Condensed Consolidating Statement of Comprehensive Income Year Ended May 31, 2016 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Net income $ 693,520 $ 388,049 $ 308,750 $ 3,905 $ (700,704 ) $ 693,520 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (11,933 ) — (11,933 ) Cumulative translation adjustment on Shred-it — 5,875 — 597 — 6,472 Change in fair value of derivatives — (12,156 ) — — — (12,156 ) Amortization of interest rate lock agreements — 1,952 — — — 1,952 Other — — (730 ) (8 ) — (738 ) Other comprehensive loss — (4,329 ) (730 ) (11,344 ) — (16,403 ) Comprehensive income (loss) $ 693,520 $ 383,720 $ 308,020 $ (7,439 ) $ (700,704 ) $ 677,117 Condensed Consolidating Statement of Comprehensive Income Year Ended May 31, 2015 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Net income $ 430,618 $ 134,861 $ 281,160 $ 17,001 $ (433,022 ) $ 430,618 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (38,538 ) — (38,538 ) Change in fair value of derivatives — — — 37 — 37 Amortization of interest rate lock agreements — 1,952 — — — 1,952 Other — — (361 ) 11 — (350 ) Other comprehensive income (loss) — 1,952 (361 ) (38,490 ) — (36,899 ) Comprehensive income (loss) $ 430,618 $ 136,813 $ 280,799 $ (21,489 ) $ (433,022 ) $ 393,719 Condensed Consolidating Statement of Comprehensive Income Year Ended May 31, 2014 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Net income $ 374,442 $ 162,263 $ 205,009 $ 20,809 $ (388,081 ) $ 374,442 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (9,787 ) — (9,787 ) Change in fair value of derivatives — — — (228 ) — (228 ) Amortization of interest rate lock agreements — 1,952 — — — 1,952 Other — — (1,629 ) (3 ) — (1,632 ) Other comprehensive income (loss) — 1,952 (1,629 ) (10,018 ) — (9,695 ) Comprehensive income $ 374,442 $ 164,215 $ 203,380 $ 10,791 $ (388,081 ) $ 364,747 Condensed Consolidating Balance Sheet As of May 31, 2016 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 55,821 $ 57,464 $ 26,072 $ — $ 139,357 Marketable securities — — — 70,405 — 70,405 Accounts receivable, net — 402,846 125,005 35,327 — 563,178 Inventories, net — 222,822 19,150 11,235 (3,845 ) 249,362 Uniforms and other rental items in service — 410,696 112,370 36,612 (19,722 ) 539,956 Income taxes, current — (151 ) 1,215 648 — 1,712 Prepaid expenses and other current assets — 6,668 18,435 962 — 26,065 Total current assets — 1,098,702 333,639 181,261 (23,567 ) 1,590,035 Property and equipment, at cost, net — 577,936 342,356 73,945 — 994,237 Investments 321,083 1,770,303 901,772 941,396 (3,809,602 ) 124,952 Goodwill — — 1,256,662 35,043 (112 ) 1,291,593 Service contracts, net — 81,462 13 2,240 — 83,715 Other assets, net 1,081,203 4,665 3,526,051 9,110 (4,601,168 ) 19,861 $ 1,402,286 $ 3,533,068 $ 6,360,493 $ 1,242,995 $ (8,434,449 ) $ 4,104,393 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ (465,247 ) $ (1,408,002 ) $ 1,932,977 $ 16,781 $ 38,005 $ 114,514 Accrued compensation and related liabilities — 70,045 26,551 5,380 — 101,976 Accrued liabilities — 82,770 252,717 13,578 — 349,065 Long-term debt due within one year — 250,000 — — — 250,000 Total current liabilities (465,247 ) (1,005,187 ) 2,212,245 35,739 38,005 815,555 Long-term liabilities: Long-term debt due after one year — 1,049,610 — 390 — 1,050,000 Deferred income taxes — (427 ) 252,149 7,753 — 259,475 Accrued liabilities — 19,628 116,091 985 — 136,704 Total long-term liabilities — 1,068,811 368,240 9,128 — 1,446,179 Total shareholders' equity 1,867,533 3,469,444 3,780,008 1,198,128 (8,472,454 ) 1,842,659 $ 1,402,286 $ 3,533,068 $ 6,360,493 $ 1,242,995 $ (8,434,449 ) $ 4,104,393 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 Year Ended May 31, 2016 Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 693,520 $ 388,049 $ 308,750 $ 3,905 $ (700,704 ) $ 693,520 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation — 96,885 43,441 9,365 — 149,691 Amortization of intangible assets — 14,830 304 454 — 15,588 Stock-based compensation 79,293 — — — — 79,293 Gain on Storage transactions — (12,547 ) — (3,239 ) — (15,786 ) Loss on Shred-it — 22,470 — 1,818 — 24,288 (Gain) loss on sale of Shred-it — (388,930 ) — 10,571 — (378,359 ) Deferred income taxes — (83,648 ) 22,025 2,321 — (59,302 ) Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (30,570 ) (20,007 ) (2,185 ) — (52,762 ) Inventories, net — (23,917 ) 2,011 (2,454 ) 6,443 (17,917 ) Uniforms and other rental items in service — (10,329 ) 5,104 (1,840 ) 759 (6,306 ) Prepaid expenses and other current assets — (142 ) (939 ) 116 — (965 ) Accounts payable — (461,203 ) 465,539 (4,884 ) (16 ) (564 ) Accrued compensation and related liabilities — 9,959 2,982 571 — 13,512 Accrued liabilities and other — (2,926 ) 24,761 155 724 22,714 Income taxes, current — 1,342 (1,565 ) (577 ) — (800 ) Net cash provided by (used in) operating activities 772,813 (480,677 ) 852,406 14,097 (692,794 ) 465,845 Cash flows from investing activities: Capital expenditures — (151,063 ) (111,392 ) (12,930 ) — (275,385 ) Proceeds from redemption of marketable securities — — — 434,179 — 434,179 Purchase of marketable securities and investments — (3,333 ) (12,085 ) (488,765 ) 10,037 (494,146 ) Proceeds from Storage transactions, net of cash contributed — 32,099 — 3,239 — 35,338 Proceeds from sale of Shred-it — 568,223 — 12,614 — 580,837 Acquisitions of businesses, net of cash acquired — (130,786 ) — (25,793 ) — (156,579 ) Other 94,344 154,412 (929,997 ) 1,897 683,481 4,137 Net cash provided by (used in) investing activities 94,344 469,552 (1,053,474 ) (75,559 ) 693,518 128,381 Cash flows from financing activities: Proceeds from the issuances of debt — — (165 ) 165 — — Repayment of debt — (9,151 ) 10,224 (365 ) (724 ) (16 ) Proceeds from exercise of stock-based compensation awards 28,226 — — — — 28,226 Dividends paid (115,232 ) — — (41 ) — (115,273 ) Repurchase of common stock (780,151 ) — — — — (780,151 ) Other — 1,952 (730 ) (732 ) — 490 Net cash (used in) provided by financing activities (867,157 ) (7,199 ) 9,329 (973 ) (724 ) (866,724 ) Effect of exchange rate changes on cash and cash equivalents — — — (5,218 ) — (5,218 ) Net decrease in cash and cash equivalents — (18,324 ) (191,739 ) (67,653 ) — (277,716 ) Cash and cash equivalents at beginning of year — 74,145 249,203 93,725 — 417,073 Cash and cash equivalents at end of year $ — $ 55,821 $ 57,464 $ 26,072 $ — $ 139,357 Condensed Consolidating Statement of Cash Flows Year Ended May 31, 2015 Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 430,618 $ 134,861 $ 281,160 $ 17,001 $ (433,022 ) $ 430,618 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation — 87,186 43,013 10,425 — 140,624 Amortization of intangible assets — 13,972 60 426 — 14,458 Stock-based compensation 47,002 — — — — 47,002 Gain on Storage transactions — (31,113 ) — (7,460 ) — (38,573 ) Loss on Shred-it — 3,190 — 661 — 3,851 Gain on sale of stock of an equity method investment — — (21,739 ) — — (21,739 ) Deferred income taxes — 67 18,565 2,234 — 20,866 Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — 4,370 (7,095 ) 1,282 — (1,443 ) Inventories, net — 22,405 (405 ) (487 ) 2,272 23,785 Uniforms and other rental items in service — (24,351 ) (5,006 ) (2,764 ) 127 (31,994 ) Prepaid expenses and other current assets — (345 ) (2,740 ) (117 ) — (3,202 ) Accounts payable — (322,461 ) 289,110 (98 ) 4 (33,445 ) Accrued compensation and related liabilities — 3,171 1,400 (1,337 ) — 3,234 Accrued liabilities and other — (15,829 ) 42,551 6,322 22 33,066 Income taxes, current — 358 (6,155 ) (1,035 ) — (6,832 ) Net cash provided by (used in) operating activities 477,620 (124,519 ) 632,719 25,053 (430,597 ) 580,276 Cash flows from investing activities: Capital expenditures — (110,658 ) (92,600 ) (14,462 ) — (217,720 ) Proceeds from redemption of marketable securities — — — 161,938 — 161,938 Purchase of marketable securities and investments — (1,827 ) 38,731 (179,130 ) (53,245 ) (195,471 ) Proceeds from Storage transactions, net of cash contributed — 93,387 — 65,041 — 158,428 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 Dividends received on Shred-it — 113,400 — — — 113,400 Acquisitions of businesses, net of cash acquired — (15,495 ) — — — (15,495 ) Other 235,951 42,199 (764,336 ) 3,705 483,864 1,383 Net cash provided by (used in) investing activities 235,951 124,350 (783,025 ) 37,092 430,619 44,987 Cash flows from financing activities: Proceeds from the issuance of debt — — (2,615 ) 2,615 — — Repayment of debt — (1,178 ) 2,962 (2,280 ) (22 ) (518 ) Proceeds from exercise of stock-based compensation awards 40,230 — — — — 40,230 Dividends paid (201,831 ) — — (60 ) — (201,891 ) Repurchase of common stock (551,970 ) — — — — (551,970 ) Other — 1,952 (363 ) — — 1,589 Net cash (used in) provided by financing activities (713,571 ) 774 (16 ) 275 (22 ) (712,560 ) Effect of exchange rate changes on cash and cash equivalents — — — (8,918 ) — (8,918 ) Net increase (decrease) in cash and cash equivalents — 605 (150,322 ) 53,502 — (96,215 ) Cash and cash equivalents at beginning of year — 73,540 399,525 40,223 — 513,288 Cash and cash equivalents at end of year $ — $ 74,145 $ 249,203 $ 93,725 $ — $ 417,073 Condensed Consolidating Statement of Cash Flows Year Ended May 31, 2014 Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 374,442 $ 162,263 $ 205,009 $ 20,809 $ (388,081 ) $ 374,442 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation — 110,100 44,856 13,264 — 168,220 Amortization of intangible assets — 20,547 153 1,942 — 22,642 Stock-based compensation 29,875 — — — — 29,875 (Gain) loss on Shred-it — (113,511 ) — 5,070 — (108,441 ) Shredding Transaction asset impairment charge — — 16,143 — — 16,143 Shredding Transaction costs — — 26,057 — — 26,057 Deferred income taxes — (2 ) 47,373 (262 ) — 47,109 Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (53,053 ) (1,300 ) (1,878 ) — (56,231 ) Inventories, net — (14,735 ) 4,839 450 (1,616 ) (11,062 ) Uniforms and other rental items in service — (11,004 ) 557 (973 ) (15 ) (11,435 ) Prepaid expenses and other current assets — (386 ) (1,844 ) 53 — (2,177 ) Accounts payable — 25,573 23,246 (18,374 ) 1 30,446 Accrued compensation and related liabilities — 5,778 4,947 206 — 10,931 Accrued liabilities and other — 50,008 4,897 (689 ) 21 54,237 Income taxes, current — 2,621 9,902 2,690 — 15,213 Net cash provided by operating activities 404,317 184,199 384,835 22,308 (389,690 ) 605,969 Cash flows from investing activities: Capital expenditures — (123,978 ) (9,591 ) (12,011 ) — (145,580 ) Proceeds from redemption of marketable securities — — 5,659 48,537 — 54,196 Purchase of marketable securities and investments — (151,063 ) (242,956 ) (48,387 ) 378,548 (63,858 ) Proceeds from Shredding Transaction, net of cash contributed — 180,000 — (641 ) — 179,359 Acquisitions of businesses, net of cash acquired — (13,199 ) — (20,242 ) — (33,441 ) Other 13,783 (50,446 ) 8,108 12,173 11,163 (5,219 ) Net cash provided by (used in) investing activities 13,783 (158,686 ) (238,780 ) (20,571 ) 389,711 (14,543 ) Cash flows from financing activities: Proceeds from the issuance of debt — — (2,445 ) 2,445 — — Repayment of debt — (8,436 ) (106 ) 376 (21 ) (8,187 ) Proceeds from exercise of stock-based compensation awards 41,902 — — — — 41,902 Dividends paid (93,293 ) — — (27 ) — (93,320 ) Repurchase of common stock (370,599 ) — — — — (370,599 ) Other 3,890 1,952 8,951 (14,324 ) — 469 Net cash (used in) provided by financing activities (418,100 ) (6,484 ) 6,400 (11,530 ) (21 ) (429,735 ) Effect of exchange rate changes on cash and cash equivalents — — — (676 ) — (676 ) Net increase (decrease) in cash and cash equivalents — 19,029 152,455 (10,469 ) — 161,015 Cash and cash equivalents at beginning of year — 54,511 247,070 50,692 — 352,273 Cash and cash equivalents at end of year $ — $ 73,540 $ 399,525 $ 40,223 $ — $ 513,288

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts and Reserves	12 Months Ended
	May 31, 2016
Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts and Reserves	Schedule II — Valuation and Qualifying Accounts and Reserves (In thousands) Balance at Beginning of Year (1) Additions (2) Deductions Balance at End of Year Allowance for Doubtful Accounts May 31, 2014 $ 15,855 $ 5,607 $ 6,556 $ 14,906 May 31, 2015 $ 14,906 $ 5,718 $ 4,950 $ 15,674 May 31, 2016 $ 15,674 $ 8,646 $ 4,716 $ 19,604 Reserve for Obsolete Inventory May 31, 2014 $ 29,487 $ 3,147 $ 1,961 $ 30,673 May 31, 2015 $ 30,673 $ 3,278 $ 3,244 $ 30,707 May 31, 2016 $ 30,707 $ 5,219 $ 3,010 $ 32,916 (1) Represents amounts charged to expense to increase reserve for estimated future bad debts or to increase reserve for obsolete inventory. Amounts related to inventory are computed by performing a thorough analysis of future marketability by specific inventory item as well as an estimate based on Cintas' historical rates of obsolesence. (2) Represents reductions in the balance sheet reserve due to the actual write-off of non-collectible accounts receivable or the physical disposal of obsolete inventory items. These amounts do not impact Cintas' consolidated income statement.

Significant Accounting Polici27

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	May 31, 2016
Accounting Policies [Abstract]
Principles of consolidation	The consolidated financial statements include the accounts of Cintas controlled majority-owned subsidiaries and any entities over which Cintas has control. Intercompany balances and transactions have been eliminated as appropriate.
Use of estimates	The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Revenue recognition	Rental revenue, which is recorded in the Uniform Rental and Facility Services reportable operating segment, is recognized when services are performed. Other revenue, which is recorded in the First Aid and Safety Services reportable operating segment and All Other, is recognized when either services are performed or when products are shipped and the title and risks of ownership pass to the customer.
Cost of uniform rental and facility services	Cost of uniform rental and facility services consists primarily of production expenses, delivery expenses and the amortization of in service inventory, including uniforms, mats, shop towels and other ancillary items. The Uniform Rental and Facility Services reportable operating segment inbound freight charges, purchasing and receiving costs, inspection costs, warehousing costs and other costs of distribution are included in the cost of uniform rental and facility services.
Cost of other	Cost of other consists primarily of cost of goods sold (predominantly first aid and safety products, uniforms and fire protection products), delivery expenses and distribution expenses in the First Aid and Safety Services reportable operating segment and All Other. Cost of other includes inbound freight charges, purchasing and receiving costs, inspection costs, warehousing costs and other costs of distribution.
Selling and administrative expenses	Selling and administrative expenses consist primarily of sales labor and commissions, management and administrative labor, payroll taxes, medical expense, insurance expense, legal and professional costs and amortization of finite-lived intangible assets.
Cash and cash equivalents	Cintas considers all highly liquid domestic investments with a maturity of three months or less, at date of purchase, to be cash equivalents.
Marketable securities	Marketable securities are typically comprised of fixed income securities and are classified as available-for-sale.
Accounts receivable	Accounts receivable is comprised of amounts owed through product shipments and services provided and is presented net of an allowance for doubtful accounts. The allowance is an estimate based on historical rates of collections and allowances for specific accounts identified as uncollectible. The allowance that is an estimate based on Cintas' historical rates of collections is recorded for overdue amounts, beginning with a nominal percentage and increasing substantially as the account ages. The amount provided as the account ages will differ slightly between the Uniform Rental and Facility Services reportable operating segment, the First Aid and Safety Services reportable operating segment and All Other because of differences in customers served and the nature of each business. When an account is considered uncollectible, it is written off against the allowance for doubtful accounts.
Inventories	Inventories are valued at the lower of cost (first-in, first-out) or market. Cintas applies a commonly accepted practice of using inventory turns to apply variances between actual and standard costs to the inventory balances. The judgments and estimates used to calculate inventory turns will have an impact on the valuation of inventories at the lower of cost or market. The inventory obsolescence reserve is determined by specific identification, as well as an estimate based on Cintas' historical rates of obsolescence.
Uniforms and other rental items in service	These items are valued at cost less amortization, calculated using the straight-line method. Uniforms in service (other than cleanroom and flame resistant clothing) are amortized over their useful life of 18 months. Other rental items, including shop towels, mats, mops, cleanroom garments, flame resistant clothing, linens and restroom dispensers, are amortized over their useful lives, which range from 8 to 60 months. The amortization rates used are based on industry experience, Cintas' specific experience and wear tests performed by Cintas. These factors are critical to determining the amount of in service inventory and related cost of uniforms and ancillary products that are presented in the consolidated financial statements.
Property and equipment	Property and equipment is stated at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method primarily over the following estimated useful lives of the assets based on industry and Cintas specific experience, in years: Buildings 30 to 40 Building improvements 5 to 20 Equipment 3 to 10 Leasehold improvements 2 to 15
Investments	Investments consists primarily of the cash surrender value of life insurance policies and equity method investments. The equity method is used to account for an investment if our investment gives us the ability to exercise significant influence over the operating and financial policies of the investee. In general, equity method investments are initially measured at cost. However, an equity method investment resulting from a transaction in which a controlled group of assets that constitutes a business is deconsolidated is initially measured at fair value. Cintas recognizes its share of the investee’s earnings or losses in income. Cintas also adjusts its share of the investee's earnings for intra-entity transactions, basis differences, investee capital transactions and other comprehensive income through income or other comprehensive income as appropriate. Equity method investments are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment might not be recoverable.
Long-lived assets	When events or circumstances indicate that the carrying amount of long-lived assets may not be recoverable, the estimated undiscounted future cash flows are compared to the carrying amount of the assets. If the estimated undiscounted future cash flows are less than the carrying amount of the assets, an impairment loss is recorded based on the excess of the carrying amount of the assets over their respective fair values. Fair value is generally determined by discounted cash flows or based on prices of similar assets, as appropriate.
Goodwill	Goodwill, obtained through acquisitions of businesses, is valued at cost less any impairment. Cintas completes an annual impairment test, which may include an assessment of qualitative factors including, but not limited to, macroeconomic conditions, industry and market conditions, and entity specific factors such as strategies and financial performance. The test may also include the determination of the estimated fair value of Cintas' reporting units via comparisons to current market values, where available, and discounted cash flow analyses. Significant assumptions may include growth rates based on historical trends and margin improvement leveraged from such growth, as well as discount rates. We determine discount rates separately for each reporting unit using the weighted average cost of capital, which includes a calculation of cost of equity, which is developed using the capital asset pricing model and comparable company betas (a measure of systemic risk), and cost of debt. We also use comparable market earnings multiple data and our market capitalization to corroborate our reporting unit valuations. We test for goodwill impairment at the reporting unit level. As a result of Cintas’ operating segment realignment, the composition of Cintas’ reporting units for the evaluation of goodwill impairment has 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.
Service contracts and other assets	Service contracts and other assets, which consist primarily of noncompete and consulting agreements obtained through acquisitions of businesses, are amortized by use of the straight-line method over the estimated lives of the agreements, which are generally 5 to 10 years. Certain noncompete agreements, as well as all service contracts, require that a valuation be determined using a discounted cash flow model. The assumptions and judgments used in these models involve estimates of cash flows and discount rates, among other factors. Because of the assumptions used to value these intangible assets, actual results over time could vary from original estimates. Impairment of service contracts and other assets is accomplished through specific identification.
Accrued liabilities	Current accrued liabilities are recorded when it is probable that a liability has occurred and the amount of the liability can be reasonably estimated. General insurance liabilities represent the estimated ultimate cost of all asserted and unasserted claims incurred, primarily related to worker's compensation, auto liability and other general liability exposure through the consolidated balance sheet dates. Our reserves are estimated through actuarial procedures of the insurance industry and by using industry assumptions, adjusted for specific expectations based on our claims history. Cintas records an increase or decrease in selling and administrative expenses related to development of prior claims, higher claims activity and other environmental factors in the period in which it becomes known. These changes in estimates may be material to the consolidated financial statements. Long-term accrued liabilities consists primarily of reserves associated with unrecognized tax benefits, which are described in more detail in Note 8 entitled Income Taxes, and retirement obligations, which are described in more detail in Note 10 entitled Defined Contribution Plans.
Stock-based compensation	Compensation expense is recognized for all share-based payments to employees, including stock options and restricted stock awards, in the consolidated statements of income based on the fair value of the awards that are granted. The fair value of stock options is estimated at the date of grant using the Black-Scholes option-pricing model. Measured compensation cost, net of estimated forfeitures, is recognized on a straight-line basis over the vesting period of the related share-based compensation award.
Derivatives and hedging activities	Cintas formally documents all relationships between hedging instruments and hedged items, as well as its risk management objective and strategy for undertaking various hedge transactions. Derivatives are recorded at fair value on the consolidated balance sheet, and gains and losses are recorded as adjustments to income or other comprehensive income, as appropriate.
Income taxes	Deferred tax assets and liabilities are determined by the differences between the consolidated financial statement carrying amounts and the tax basis of assets and liabilities. See Note 8 entitled Income Taxes for the types of items that give rise to significant deferred income tax assets and liabilities. Deferred income taxes are classified as assets or liabilities based on the classification of the related asset or liability for financial reporting purposes. Cintas regularly reviews deferred tax assets for recoverability based upon projected future taxable income and the expected timing of the reversals of existing temporary differences. Although realization is not assured, management believes it is more likely than not that the recorded deferred tax assets, as adjusted for valuation allowances, will be realized. Accounting for uncertain tax positions requires the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Companies may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. Cintas is periodically reviewed by domestic and foreign tax authorities regarding the amount of taxes due. These reviews include questions regarding the timing and amount of deductions and the allocation of income among various tax jurisdictions. In evaluating the exposure associated with various filing positions, Cintas records reserves as deemed appropriate. Based on Cintas' evaluation of current tax positions, Cintas believes its tax related accruals are appropriate.
Litigation and other contingencies	Cintas is subject to legal proceedings and claims arising from the ordinary course of its business, including personal injury, customer contract, environmental and employment claims. GAAP requires that a liability for contingencies be recorded when it is probable that a liability has occurred and the amount of the liability can be reasonably estimated. 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 or consolidated results of operations of Cintas.
Fair Value Measurements	Financial Accounting Standards Board (FASB) Accounting Standard Codification (ASC) Topic 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. It also establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: Level 1 — Quoted prices in active markets for identical assets or liabilities. Level 2 — Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Cintas' assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. In order to meet the requirements of ASC 820, Cintas utilizes two basic valuation approaches to determine the fair value of its assets and liabilities required to be recorded on a recurring basis at fair value. The first approach is the cost approach. The cost approach is generally the value a market participant would expect to replace the respective asset or liability. The second approach is the market approach. The market approach looks at what a market participant would consider valuing an exact or similar asset or liability to that of Cintas, including those traded on exchanges. Cintas' non-financial assets and liabilities not permitted or required to be measured at fair value on a recurring basis primarily relate to assets and liabilities acquired in a business acquisition unless otherwise noted in Note 2 entitled Fair Value Disclosures. Cintas is required to provide additional disclosures about fair value measurements as part of the consolidated financial statements for each major category of assets and liabilities measured at fair value on a non-recurring basis (including business acquisitions). Based on the nature of Cintas' business acquisitions, which occur regularly throughout the fiscal year, the majority of the assets acquired and liabilities assumed consist of working capital, primarily valued using Level 2 inputs, property and equipment, also primarily valued using Level 2 inputs and goodwill and other identified intangible assets valued using Level 3 inputs. In general, non-recurring fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities, which generally are not applicable to non-financial assets and liabilities. Fair values determined by Level 2 inputs utilize data points that are observable, such as definitive sales agreements, appraisals or established market values of comparable assets. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability and include situations where there is little, if any, market activity for the asset or liability, such as internal estimates of future cash flows and company specific discount rates.
New accounting pronouncements	In February 2013, the FASB issued Accounting Standards Update (ASU) 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." ASU 2013-02 requires an entity to present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income if the item reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For reclassification items not required under GAAP to be reclassified directly to net income in their entirety in the same reporting period, an entity is required to cross-reference to other disclosures currently required under GAAP that provide additional detail about those amounts. The Company adopted ASU 2013-02 effective June 1, 2013. See Note 13 entitled Accumulated Other Comprehensive Income (Loss) for details of required disclosure. 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 Shred-it and will apply it to future transactions, as appropriate. In May 2014, the FASB issued 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 financial statements. 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. The impact of this change in accounting principle on balances previously reported as of May 31, 2015 was a reclassification of $112.4 million from current liabilities to long term liabilities. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842),” which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. Topic 842 supersedes the previous leases standard, ASC 840, Leases.This guidance is effective for reporting periods beginning after December 15, 2018; however, early adoption is permitted. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. Cintas is currently evaluating the impact that ASU 2016-02 will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting." ASU 2016-09 is intended to simplify accounting for share-based payments. Upon adoption, ASU 2016-09 will require that excess tax benefits for share-based payments be recorded as a reduction of income tax expense and reflected within operating cash flows rather than being recorded within equity and reflected within financing cash flows. The standard also permits the repurchase of more of an employee’s shares for tax withholding purposes without triggering liability accounting, clarifies that all cash payments made on an employee’s behalf for withheld shares should be presented as a financing activity on our cash flows statement, and provides an accounting policy election to account for forfeitures as they occur. This update is effective for interim and annual periods beginning after December 15, 2016; however, early adoption is permitted. The Company is currently assessing the effect that adoption of ASU 2016-09 will have on its consolidated financial statements. No other new accounting pronouncement recently issued or newly effective had or is expected to have a material impact on the Consolidated Financial Statements.

Significant Accounting Polici28

Significant Accounting Policies (Tables)	12 Months Ended
Significant Accounting Policies (Tables)	May 31, 2016
Accounting Policies [Abstract]
Schedule of Inventory	Inventory is comprised of the following amounts: (In thousands) 2016 2015 Raw materials $ 17,794 $ 16,935 Work in process 14,731 17,079 Finished goods 216,837 192,197 $ 249,362 $ 226,211
Property and Equipment Estimated Useful Lives	Depreciation is calculated using the straight-line method primarily over the following estimated useful lives of the assets based on industry and Cintas specific experience, in years: Buildings 30 to 40 Building improvements 5 to 20 Equipment 3 to 10 Leasehold improvements 2 to 15 (In thousands) 2016 2015 Land $ 117,881 $ 116,172 Buildings and improvements 509,316 501,742 Equipment 1,584,478 1,446,041 Leasehold improvements 28,530 26,023 Construction in progress 173,367 104,300 2,413,572 2,194,278 Less: accumulated depreciation 1,419,335 1,322,857 $ 994,237 $ 871,421
Current Accrued Liabilities	Current accrued liabilities include the following amounts: (In thousands) 2016 2015 General insurance liabilities $ 128,759 $ 113,714 Employee benefit related liabilities 75,587 68,907 Taxes and related liabilities 5,783 6,064 Accrued interest 26,682 26,628 Other 112,254 94,622 $ 349,065 $ 309,935

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
Fair Value Disclosures (Tables)	May 31, 2016
Fair Value Disclosures [Abstract]
Summary of Financial Instruments Measured at Fair Value on a Recurring Basis	These financial instruments measured at fair value on a recurring basis are summarized below: As of May 31, 2016 (In thousands) Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 139,357 $ — $ — $ 139,357 Marketable securities: Canadian treasury securities — 70,405 — 70,405 Total assets at fair value $ 139,357 $ 70,405 $ — $ 209,762 Long term accrued liabilities: Interest rate lock agreement $ — $ 19,628 $ — $ 19,628 Total liabilities at fair value $ — $ 19,628 $ — $ 19,628 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

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
Property and Equipment (Tables)	May 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Depreciation is calculated using the straight-line method primarily over the following estimated useful lives of the assets based on industry and Cintas specific experience, in years: Buildings 30 to 40 Building improvements 5 to 20 Equipment 3 to 10 Leasehold improvements 2 to 15 (In thousands) 2016 2015 Land $ 117,881 $ 116,172 Buildings and improvements 509,316 501,742 Equipment 1,584,478 1,446,041 Leasehold improvements 28,530 26,023 Construction in progress 173,367 104,300 2,413,572 2,194,278 Less: accumulated depreciation 1,419,335 1,322,857 $ 994,237 $ 871,421

Goodwill, Service Contracts a31

Goodwill, Service Contracts and Other Assets (Tables)	12 Months Ended
Goodwill, Service Contracts and Other Assets (Tables)	May 31, 2016	May 31, 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 fiscal year ended May 31, 2016, 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 at June 1, 2015 $ 943,909 $ 154,954 $ 96,749 1,195,612 Goodwill acquired 10,020 86,874 203 97,097 Foreign currency translation (713 ) (380 ) (23 ) (1,116 ) Balance as of May 31, 2016 $ 953,216 $ 241,448 $ 96,929 $ 1,291,593 The following table illustrates the changes in Goodwill as a result of the segment realignment: Goodwill Allocation as of June 1, 2015 (in thousands) Total Uniform Rental and Facility Services Rental Uniforms and Ancillary Products segment goodwill reassigned $ 929.4 Uniform Direct Sales segment goodwill reassigned 14.5 $ 943.9 First Aid and Safety Services First Aid, Safety and Fire Protection segment goodwill reassigned $ 155.0 All Other First Aid, Safety and Fire Protection segment goodwill reassigned $ 75.5 Rental Uniforms and Ancillary Products segment goodwill reassigned 12.0 Uniform Direct Sales segment goodwill reassigned 9.2 $ 96.7	Changes in the carrying amount of goodwill and service contracts for the fiscal year ended May 31, 2015 , by historical reportable operating segment, are as follows: Goodwill (in thousands) Rental Uniforms & Ancillary Products Uniform Direct Sales First Aid, Safety & Fire Protection Corporate Total Balance as of June 1, 2014 $ 943,516 $ 23,905 $ 221,911 $ 78,079 $ 1,267,411 Goodwill acquired 70 — 8,578 — 8,648 Goodwill divested in Storage Transactions — — — (75,660 ) (75,660 ) Foreign currency translation (2,141 ) (227 ) — (2,419 ) (4,787 ) Balance as of May 31, 2015 $ 941,445 $ 23,678 $ 230,489 $ — $ 1,195,612
Changes in 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 at June 1, 2015 $ 6,677 $ 1,576 $ 34,181 $ 42,434 Service contracts acquired 18,912 34,052 2,730 55,694 Service contracts amortization (4,398 ) (3,355 ) (6,639 ) (14,392 ) Foreign currency translation — (21 ) — (21 ) Balance as of May 31, 2016 $ 21,191 $ 32,252 $ 30,272 $ 83,715	Service Contracts (in thousands) Rental Uniforms & Ancillary Products Uniform Direct Sales First Aid, Safety & Fire Protection Corporate Total Balance as of June 1, 2014 $ 17,171 $ — $ 28,034 $ 10,470 $ 55,675 Service contracts acquired 313 — 9,543 265 10,121 Service contracts divested in Storage Transactions — — — (9,570 ) (9,570 ) Service contracts amortization (5,619 ) — (7,005 ) (597 ) (13,221 ) Foreign currency translation (3 ) — — (568 ) (571 ) Balance as of May 31, 2015 $ 11,862 $ — $ 30,572 $ — $ 42,434
Information Regarding Service Contracts and Other Assets	Information regarding Cintas' service contracts and other assets is as follows: As of May 31, 2016 (In thousands) Carrying Amount Accumulated Amortization Net Service contracts $ 395,482 $ 311,767 $ 83,715 Noncompete and consulting agreements $ 42,378 $ 40,928 $ 1,450 Other 27,943 9,532 18,411 Total $ 70,321 $ 50,460 $ 19,861 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 $ 65,423 $ 47,929 $ 17,494

Long-Term Debt and Derivatives

Long-Term Debt and Derivatives (Tables)	12 Months Ended
Long-Term Debt and Derivatives (Tables)	May 31, 2016
Debt Disclosure [Abstract]
Schedule of Debt	(In thousands) 2016 2015 Unsecured term notes due through 2036 at an average rate of 4.6% $ 1,300,000 $ 1,300,000 Less: amounts due within one year 250,000 — $ 1,050,000 $ 1,300,000

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	May 31, 2016
Income Tax Disclosure [Abstract]
Components of Income Before Income Taxes	(In thousands) 2016 2015 2014 Income before income taxes for continuing operations consists of the following components: U.S. operations $ 697,974 $ 635,270 $ 519,386 Foreign operations 20,148 18,054 17,741 $ 718,122 $ 653,324 $ 537,127
Components of Income Taxes	(In thousands) 2016 2015 2014 Income tax expense for continuing operations consists of the following components: Current: Federal $ 284,046 $ 203,202 $ 139,102 State and local 25,926 25,346 18,286 309,972 228,548 157,388 Deferred (48,791 ) 14,255 41,967 $ 261,181 $ 242,803 $ 199,355
Reconciliation of Income Tax Expense Using the Statutory Rate and Actual Income Tax Expense	(In thousands) 2016 2015 2014 Reconciliation of income tax expense for continuing operations using the statutory rate and actual income tax expense is as follows: Income taxes at the U.S. federal statutory rate $ 251,352 $ 228,727 $ 187,375 State and local income taxes, net of federal benefit 16,672 16,705 17,934 Other (6,843 ) (2,629 ) (5,954 ) $ 261,181 $ 242,803 $ 199,355
Components of Deferred Income Taxes	The components of deferred income taxes included on the consolidated balance sheets are as follows: (In thousands) 2016 2015 Deferred tax assets: Allowance for doubtful accounts $ 7,416 $ 4,857 Inventory obsolescence 13,702 12,266 Insurance and contingencies 42,717 38,522 Stock-based compensation 45,720 29,910 Foreign related carry-forwards 17,883 16,862 Treasury locks 12,055 5,829 Other 8,100 9,461 147,593 117,707 Valuation allowance (17,047 ) (14,690 ) 130,546 103,017 Deferred tax liabilities: In service inventory 172,704 169,629 Property 93,784 77,871 Intangibles 104,585 84,218 Investment in partnerships 2,563 86,098 State taxes and other 16,385 24,528 390,021 442,344 Net deferred tax liability $ 259,475 $ 339,327
Summary of Valuation Allowance	The progression of the valuation allowance is as follows: (In thousands) 2016 2015 Balance at beginning of year $ (14,690 ) $ (13,358 ) Additions (3,437 ) (2,433 ) Subtractions 1,080 1,101 Balance at end of year $ (17,047 ) $ (14,690 )
Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of the gross unrecognized tax benefits (exclusive of interest and penalties) is as follows: (In thousands) Balance at June 1, 2013 $ 13,709 Additions for tax positions of prior years 2,586 Settlements (1,270 ) Statute expirations (1,963 ) Balance at May 31, 2014 $ 13,062 Additions for tax positions of prior years 4,001 Settlements (48 ) Statute expirations (1,603 ) Balance at May 31, 2015 $ 15,412 Additions for tax positions of prior years 3,259 Settlements (48 ) Statute expirations (2,092 ) Balance at May 31, 2016 $ 16,531

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	12 Months Ended
Acquisitions and Divestitures (Tables)	May 31, 2016
Business Combinations [Abstract]
Schedule of Aggregate Purchase Price for Businesses Acquired	The assets acquired and liabilities assumed are valued at the estimated fair value at the acquisition date as required by GAAP. Assets: Cash and cash equivalents $ 333 Accounts receivable 16,705 Inventory 5,987 Other current assets 1,443 Property, plant and equipment 849 Goodwill 86,392 Service contracts 34,000 Other intagibles 4,500 Liabilities: Accounts payable (7,195 ) Accrued liabilities (4,428 ) Deferred income taxes (4,586 ) Total consideration $ 134,000 The following summarizes the aggregate purchase price and fair value allocations for all businesses acquired: (In thousands) 2016 2015 Fair value of tangible assets acquired $ 26,759 $ 177 Fair value of service contracts acquired 55,694 9,856 Fair value of other intangibles acquired 4,639 945 Net goodwill recognized 97,097 8,648 Total fair value of assets acquired 184,189 19,626 Fair value of liabilities assumed and incurred 27,610 4,131 Total cash paid for acquisitions $ 156,579 $ 15,495

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
Earnings per Share (Tables)	May 31, 2016
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share For Continuing Operations	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: (In thousands except per share data) 2016 2015 2014 Basic Earnings per Share from Continuing Operations Income from continuing operations $ 456,941 $ 410,521 $ 337,772 Less: income from continuing operations allocated to participating securities 7,405 3,900 3,082 Income from continuing operations available to common shareholders $ 449,536 $ 406,621 $ 334,690 Basic weighted average common shares outstanding 108,221 115,900 120,377 Basic earnings per share from continuing operations $ 4.15 $ 3.51 $ 2.78 (In thousands except per share data) 2016 2015 2014 Diluted Earnings per Share from Continuing Operations Income from continuing operations $ 456,941 $ 410,521 $ 337,772 Less: income from continuing operations allocated to participating securities 7,405 3,900 3,082 Income from continuing operations available to common shareholders $ 449,536 $ 406,621 $ 334,690 Basic weighted average common shares outstanding 108,221 115,900 120,377 Effect of dilutive securities – employee stock options 1,735 1,643 1,263 Diluted weighted average common shares outstanding 109,956 117,543 121,640 Diluted earnings per share from continuing operations $ 4.09 $ 3.46 $ 2.75
Summary of Buyback Activity by Program	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) 2016 2015 Buyback Program Shares Avg. Price per Share Purchase Price Shares Avg. Price per Share Purchase Price July 30, 2013 — $ — $ — 3,981 $ 75.49 $ 300,500 January 13, 2015 3,078 $ 85.44 $ 262,928 2,870 $ 82.60 $ 237,072 August 4, 2015 5,649 $ 87.85 $ 496,309 — $ — $ — 8,727 $ 87.00 $ 759,237 6,851 $ 78.47 $ 537,572

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
Stock-Based Compensation (Tables)	May 31, 2016
Share-based Compensation [Abstract]
Assumptions Used to Determine Fair Value of Options	The fair value of options was estimated at the date of grant using a Black-Scholes option-pricing model with the following assumptions: 2016 2015 2014 Risk-free interest rate 2.0 % 2.0 % 2.0 % Dividend yield 1.4 % 1.6 % 1.7 % Expected volatility of Cintas' common stock 23.3 % 28.0 % 28.0 % Expected life of the option in years 7.5 7.5 7.5
Stock Options Granted and Outstanding	The weighted average expected term was determined based on the historical employee exercise behavior of the options. The weighted-average fair value of stock options granted during fiscal 2016 , 2015 and 2014 was $ 21.60 , $ 20.64 and $ 16.63 , respectively. The information presented in the following table relates primarily to stock options granted and outstanding under either the 2005 Equity Compensation Plan or under previously adopted plans: Shares Weighted Average Exercise Price Outstanding, June 1, 2013 (1,815,795 shares exercisable) 7,885,638 $ 37.60 Granted 2,111,649 61.04 Canceled (699,314 ) 42.42 Exercised (1,272,179 ) 39.03 Outstanding, May 31, 2014 (1,583,413 shares exercisable) 8,025,794 43.12 Granted 1,590,185 84.59 Canceled (486,720 ) 55.50 Exercised (1,293,689 ) 38.11 Outstanding, May 31, 2015 (1,426,550 shares exercisable) 7,835,570 51.59 Granted 1,739,767 93.55 Canceled (235,455 ) 60.01 Exercised (919,975 ) 35.07 Outstanding, May 31, 2016 (1,649,236 shares exercisable) 8,419,907 $ 61.83
Summary of Information Related to Stock Options Outstanding	The following table summarizes the information related to stock options outstanding at May 31, 2016 : Outstanding Options Exercisable Options Range of Exercise Prices Number Outstanding Average Remaining Option Life Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 20.29 – $ 37.75 1,555,054 4.44 $ 31.22 1,122,463 $ 29.87 37.76 – 47.22 2,105,731 6.33 42.33 437,534 39.91 47.23 – 86.09 1,824,303 8.17 64.90 89,239 62.96 86.10 – 95.09 2,934,819 9.58 90.54 — — $ 20.29 – $ 95.09 8,419,907 7.51 $ 61.83 1,649,236 $ 34.32
Restricted Stock Awards Granted and Outstanding	The information presented in the following table relates to restricted stock awards granted and outstanding under either the 2005 Equity Compensation Plan or under previously adopted plans: Shares Weighted Average Grant Price Outstanding, unvested grants at June 1, 2013 2,015,023 $ 35.97 Granted 661,514 60.66 Canceled (52,124 ) 37.95 Vested (465,635 ) 28.76 Outstanding, unvested grants at May 31, 2014 2,158,778 45.04 Granted 627,033 80.73 Canceled (50,277 ) 49.33 Vested (525,421 ) 34.39 Outstanding, unvested grants at May 31, 2015 2,210,113 57.60 Granted 1,069,748 92.10 Canceled (70,998 ) 65.79 Vested (605,427 ) 38.76 Outstanding, unvested grants at May 31, 2016 2,603,436 $ 75.94

Accumulated Other Comprehensi37

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	May 31, 2016
Equity [Abstract]
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 May 31, 2014 $ 41,525 $ (12,615 ) $ (482 ) $ 28,428 Other comprehensive (loss) income before reclassifications (38,538 ) 37 (350 ) (38,851 ) Amounts reclassified from accumulated other comprehensive income (loss) — 1,952 — 1,952 Net current period other comprehensive (loss) income (38,538 ) 1,989 (350 ) (36,899 ) Balance at May 31, 2015 2,987 (10,626 ) (832 ) (8,471 ) Other comprehensive loss before reclassifications (11,933 ) (12,156 ) (738 ) (24,827 ) Amounts reclassified from accumulated other comprehensive income (loss) 6,472 1,952 — 8,424 Net current period other comprehensive loss (5,461 ) (10,204 ) (738 ) (16,403 ) Balance at May 31, 2016 $ (2,474 ) $ (20,830 ) $ (1,570 ) $ (24,874 )
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the reclassifications out of accumulated other comprehensive loss during fiscal years ended May 31, 2016 and 2015 : Reclassifications out of Accumulated Other Comprehensive Income (Loss) Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line in the Consolidated Statements of Income (in thousands) 2016 2015 Amortization of interest rate locks $ (3,130 ) $ (3,130 ) Interest expense Tax benefit 1,178 1,178 Income taxes Amortization of interest rate locks, net of tax $ (1,952 ) $ (1,952 ) Net of tax (in thousands) 2016 2015 Cumulative translation adjustment on Shred-it (1) $ (10,381 ) $ — Income from discontinued operations Tax benefit 3,909 — Income from discontinued operations Cumulative translation adjustment on Shred-it, net of tax (1) $ (6,472 ) $ — Net of tax (1) The cumulative translation adjustment was reclassified out of accumulated other comprehensive income due to the sale of Shred-it.

Operating Segment Information (

Operating Segment Information (Tables)	12 Months Ended
Operating Segment Information (Tables)	May 31, 2016
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 May 31, 2016 Revenue $ 3,777,801 $ 461,783 $ 665,874 $ — $ 4,905,458 Gross margin $ 1,671,008 $ 197,010 $ 261,852 $ — $ 2,129,870 Selling and administrative expenses 998,069 147,503 202,550 — 1,348,122 Interest expense, net — — — 63,626 63,626 Income before income taxes $ 672,939 $ 49,507 $ 59,302 $ (63,626 ) $ 718,122 Depreciation and amortization $ 130,822 $ 16,021 $ 18,436 $ — $ 165,279 Capital expenditures $ 237,884 $ 22,364 $ 15,137 $ — $ 275,385 Total assets $ 3,114,159 $ 421,789 $ 358,683 $ 209,762 $ 4,104,393 May 31, 2015 Revenue $ 3,539,843 $ 326,593 $ 610,450 $ — $ 4,476,886 Gross margin $ 1,532,211 $ 152,339 $ 236,787 $ — $ 1,921,337 Selling and administrative expenses 926,176 107,226 191,528 — 1,224,930 Gain on sale of stock of an equity method investment — — — 21,739 21,739 Interest expense, net — — — 64,822 64,822 Income before income taxes $ 606,035 $ 45,113 $ 45,259 $ (43,083 ) $ 653,324 Depreciation and amortization $ 123,577 $ 9,774 $ 19,244 $ — $ 152,595 Capital expenditures $ 184,246 $ 13,589 $ 18,983 $ 902 $ 217,720 Total assets $ 2,845,326 $ 255,202 $ 345,201 $ 746,731 $ 4,192,460 May 31, 2014 Revenue $ 3,304,635 $ 294,966 $ 594,243 $ — $ 4,193,844 Gross margin $ 1,382,158 $ 136,136 $ 231,465 $ — $ 1,749,759 Selling and administrative expenses 860,311 96,246 190,482 — 1,147,039 Interest expense, net — — — 65,593 65,593 Income before income taxes $ 521,847 $ 39,890 $ 40,983 $ (65,593 ) $ 537,127 Depreciation and amortization $ 118,828 $ 8,283 $ 20,178 $ — $ 147,289 Capital expenditures $ 94,619 $ 9,195 $ 7,370 $ 34,396 $ 145,580 Total assets $ 2,840,809 $ 257,603 $ 340,650 $ 1,023,390 $ 4,462,452 (1) Corporate assets include cash and marketable securities in all periods. Corporate assets as of May 31, 2015 include Shred-it and real estate assets of Storage that were not included in the sale transactions. Corporate assets as of May 31, 2014 include Shred-it and the assets of Storage.

Quarterly Financial Data (Una39

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
Quarterly Financial Data (Unaudited) (Tables)	May 31, 2016
Quarterly Financial Data [Abstract]
Summary of Results of Operations for Each Quarter	The following is a summary of the results of operation for each of the quarters within the fiscal years ended May 31, 2016 and 2015 : May 31, 2016 (in thousands) First Quarter Second Quarter Third Quarter Fourth Quarter Revenue $ 1,198,890 $ 1,219,080 $ 1,216,083 $ 1,271,405 Gross margin $ 524,144 $ 527,400 $ 524,608 $ 553,718 Net income, continuing operations $ 106,198 $ 115,453 $ 117,279 $ 118,011 Basic earnings per share, continuing operations $ 0.94 $ 1.05 $ 1.07 $ 1.09 Diluted earnings per share, continuing operations $ 0.93 $ 1.03 $ 1.05 $ 1.08 Weighted average number of shares outstanding 110,597 108,301 107,843 106,136 May 31, 2015 (in thousands) (1) (2) First Quarter Second Quarter Third Quarter Fourth Quarter Revenue $ 1,102,077 $ 1,123,379 $ 1,108,847 $ 1,142,583 Gross margin $ 477,946 $ 481,424 $ 475,307 $ 486,660 Net income, continuing operations $ 105,905 $ 103,701 $ 100,331 $ 100,584 Basic earnings per share, continuing operations $ 0.90 $ 0.88 $ 0.86 $ 0.87 Diluted earnings per share, continuing operations $ 0.89 $ 0.86 $ 0.85 $ 0.86 Weighted average number of shares outstanding 116,659 117,115 116,178 113,666 (1) The figures for fiscal 2015 reflect the change in classification of Shred-it to discontinued operations within the Consolidated Statements of Income. See Note 16 entitled Discontinued Operations for additional information. (2) During the fiscal 2015 first quarter, Cintas recognized a gain on the sale of stock in an equity method investment in the net amount of $ 13.6 million .

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
Discontinued Operations (Tables)	May 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Selective Unaudited Financial Information for Equity Method Investment	Cintas provides the following unaudited summary information regarding the Shred-it Partnership's financial position and results of operations as of and for the twelve months ended April 30, 2015: Summary Balance Sheet Information As of (in thousands) April 30, 2015 Assets Current assets $ 150,792 Non-current assets $ 968,956 Liabilities Current liabilities $ 73,971 Non-current liabilities $ 532,673 Summary Income Statement Information For the 12 Months Ended (in thousands) April 30, 2015 Net sales $ 695,628 Gross profit $ 432,532 Net income $ 10,385
Schedule of Discontinued Operations	Following is selected financial information included in net income from discontinued operations for the Shredding and Storage businesses: (In thousands) 2016 2015 (1) 2014 (1) Revenue $ — $ 31,379 $ 357,967 Income (loss) before income taxes, excluding gains (losses) from sale transactions and investments 434 (3,515 ) 6,913 Gain on Storage transactions 15,786 38,573 — (Loss) gain on Shred-it (1) (24,288 ) (3,851 ) 63,817 Gain on sale of Shred-it 378,359 — — Income tax expense (133,712 ) (11,110 ) (34,060 ) Net income from discontinued operations $ 236,579 $ 20,097 $ 36,670 (1) Results for the fiscal years ended May 31, 2015 and 2014 related to Shred-it and Shredding were previously presented in continuing operations and were reclassified to discontinued operations as previously discussed.

Supplemental Guarantor Inform41

Supplemental Guarantor Information (Tables)	12 Months Ended
Supplemental Guarantor Information (Tables)	May 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Income Statement	Condensed Consolidating Income Statement Year Ended May 31, 2016 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 2,913,812 $ 805,722 $ 213,526 $ (155,259 ) $ 3,777,801 Other — 1,576,078 8,542 66,270 (523,233 ) 1,127,657 Equity in net income of affiliates 456,941 — — — (456,941 ) — 456,941 4,489,890 814,264 279,796 (1,135,433 ) 4,905,458 Costs and expenses (income): Cost of uniform rental and facility services — 1,709,912 490,383 142,601 (236,103 ) 2,106,793 Cost of other — 1,070,064 (41,762 ) 48,539 (408,046 ) 668,795 Selling and administrative expenses — 1,427,424 (121,514 ) 69,257 (27,045 ) 1,348,122 Operating income 456,941 282,490 487,157 19,399 (464,239 ) 781,748 Interest income — — (666 ) (232 ) 2 (896 ) Interest expense (income) — 65,534 (1,027 ) 15 — 64,522 Income before income taxes 456,941 216,956 488,850 19,616 (464,241 ) 718,122 Income taxes — 71,323 180,100 9,874 (116 ) 261,181 Income from continuing operations 456,941 145,633 308,750 9,742 (464,125 ) 456,941 Income (loss) from discontinued operations, net of tax 236,579 242,416 — (5,837 ) (236,579 ) 236,579 Net income $ 693,520 $ 388,049 $ 308,750 $ 3,905 $ (700,704 ) $ 693,520 Condensed Consolidating Income Statement Year Ended May 31, 2015 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 2,699,466 $ 748,185 $ 229,391 $ (137,199 ) $ 3,539,843 Other — 1,379,572 2,159 57,349 (502,037 ) 937,043 Equity in net income of affiliates 410,521 — — — (410,521 ) — 410,521 4,079,038 750,344 286,740 (1,049,757 ) 4,476,886 Costs and expenses (income): Cost of uniform rental and facility services — 1,660,625 407,505 154,601 (215,099 ) 2,007,632 Cost of other — 889,524 16,120 37,628 (395,355 ) 547,917 Selling and administrative expenses — 1,276,745 (100,024 ) 74,523 (26,314 ) 1,224,930 Operating income 410,521 252,144 426,743 19,988 (412,989 ) 696,407 Gain on sale of stock of an equity method investment — — 21,739 — — 21,739 Interest income — (12 ) (250 ) (79 ) 2 (339 ) Interest expense (income) — 66,298 (1,134 ) (3 ) — 65,161 Income before income taxes 410,521 185,858 449,866 20,070 (412,991 ) 653,324 Income taxes — 66,498 168,706 7,665 (66 ) 242,803 Income from continuing operations 410,521 119,360 281,160 12,405 (412,925 ) 410,521 Income from discontinued operations, net of tax 20,097 15,501 — 4,596 (20,097 ) 20,097 Net income $ 430,618 $ 134,861 $ 281,160 $ 17,001 $ (433,022 ) $ 430,618 Condensed Consolidating Income Statement Year Ended May 31, 2014 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 2,500,618 $ 690,831 $ 235,118 $ (121,932 ) $ 3,304,635 Other — 1,302,715 4,192 53,990 (471,688 ) 889,209 Equity in net income of affiliates 337,772 — — — (337,772 ) — 337,772 3,803,333 695,023 289,108 (931,392 ) 4,193,844 Costs and expenses (income): Cost of uniform rental and facility services — 1,576,226 386,556 160,795 (201,100 ) 1,922,477 Cost of other — 843,675 16,570 37,334 (375,971 ) 521,608 Selling and administrative expenses — 1,172,858 (83,765 ) 76,049 (18,103 ) 1,147,039 Operating income 337,772 210,574 375,662 14,930 (336,218 ) 602,720 Interest income — (43 ) (178 ) (15,279 ) 15,271 (229 ) Interest expense (income) — 66,461 (635 ) (4 ) — 65,822 Income before income taxes 337,772 144,156 376,475 30,213 (351,489 ) 537,127 Income taxes — 43,327 148,332 7,774 (78 ) 199,355 Income from continuing operations 337,772 100,829 228,143 22,439 (351,411 ) 337,772 Income (loss) from discontinued operations, net of tax 36,670 61,434 (23,134 ) (1,630 ) (36,670 ) 36,670 Net income $ 374,442 $ 162,263 $ 205,009 $ 20,809 $ (388,081 ) $ 374,442
Condensed Consolidating Statement of Comprehensive Income	Condensed Consolidating Statement of Comprehensive Income Year Ended May 31, 2016 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Net income $ 693,520 $ 388,049 $ 308,750 $ 3,905 $ (700,704 ) $ 693,520 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (11,933 ) — (11,933 ) Cumulative translation adjustment on Shred-it — 5,875 — 597 — 6,472 Change in fair value of derivatives — (12,156 ) — — — (12,156 ) Amortization of interest rate lock agreements — 1,952 — — — 1,952 Other — — (730 ) (8 ) — (738 ) Other comprehensive loss — (4,329 ) (730 ) (11,344 ) — (16,403 ) Comprehensive income (loss) $ 693,520 $ 383,720 $ 308,020 $ (7,439 ) $ (700,704 ) $ 677,117 Condensed Consolidating Statement of Comprehensive Income Year Ended May 31, 2015 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Net income $ 430,618 $ 134,861 $ 281,160 $ 17,001 $ (433,022 ) $ 430,618 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (38,538 ) — (38,538 ) Change in fair value of derivatives — — — 37 — 37 Amortization of interest rate lock agreements — 1,952 — — — 1,952 Other — — (361 ) 11 — (350 ) Other comprehensive income (loss) — 1,952 (361 ) (38,490 ) — (36,899 ) Comprehensive income (loss) $ 430,618 $ 136,813 $ 280,799 $ (21,489 ) $ (433,022 ) $ 393,719 Condensed Consolidating Statement of Comprehensive Income Year Ended May 31, 2014 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Net income $ 374,442 $ 162,263 $ 205,009 $ 20,809 $ (388,081 ) $ 374,442 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (9,787 ) — (9,787 ) Change in fair value of derivatives — — — (228 ) — (228 ) Amortization of interest rate lock agreements — 1,952 — — — 1,952 Other — — (1,629 ) (3 ) — (1,632 ) Other comprehensive income (loss) — 1,952 (1,629 ) (10,018 ) — (9,695 ) Comprehensive income $ 374,442 $ 164,215 $ 203,380 $ 10,791 $ (388,081 ) $ 364,747
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet As of May 31, 2016 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 55,821 $ 57,464 $ 26,072 $ — $ 139,357 Marketable securities — — — 70,405 — 70,405 Accounts receivable, net — 402,846 125,005 35,327 — 563,178 Inventories, net — 222,822 19,150 11,235 (3,845 ) 249,362 Uniforms and other rental items in service — 410,696 112,370 36,612 (19,722 ) 539,956 Income taxes, current — (151 ) 1,215 648 — 1,712 Prepaid expenses and other current assets — 6,668 18,435 962 — 26,065 Total current assets — 1,098,702 333,639 181,261 (23,567 ) 1,590,035 Property and equipment, at cost, net — 577,936 342,356 73,945 — 994,237 Investments 321,083 1,770,303 901,772 941,396 (3,809,602 ) 124,952 Goodwill — — 1,256,662 35,043 (112 ) 1,291,593 Service contracts, net — 81,462 13 2,240 — 83,715 Other assets, net 1,081,203 4,665 3,526,051 9,110 (4,601,168 ) 19,861 $ 1,402,286 $ 3,533,068 $ 6,360,493 $ 1,242,995 $ (8,434,449 ) $ 4,104,393 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ (465,247 ) $ (1,408,002 ) $ 1,932,977 $ 16,781 $ 38,005 $ 114,514 Accrued compensation and related liabilities — 70,045 26,551 5,380 — 101,976 Accrued liabilities — 82,770 252,717 13,578 — 349,065 Long-term debt due within one year — 250,000 — — — 250,000 Total current liabilities (465,247 ) (1,005,187 ) 2,212,245 35,739 38,005 815,555 Long-term liabilities: Long-term debt due after one year — 1,049,610 — 390 — 1,050,000 Deferred income taxes — (427 ) 252,149 7,753 — 259,475 Accrued liabilities — 19,628 116,091 985 — 136,704 Total long-term liabilities — 1,068,811 368,240 9,128 — 1,446,179 Total shareholders' equity 1,867,533 3,469,444 3,780,008 1,198,128 (8,472,454 ) 1,842,659 $ 1,402,286 $ 3,533,068 $ 6,360,493 $ 1,242,995 $ (8,434,449 ) $ 4,104,393 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 Year Ended May 31, 2016 Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 693,520 $ 388,049 $ 308,750 $ 3,905 $ (700,704 ) $ 693,520 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation — 96,885 43,441 9,365 — 149,691 Amortization of intangible assets — 14,830 304 454 — 15,588 Stock-based compensation 79,293 — — — — 79,293 Gain on Storage transactions — (12,547 ) — (3,239 ) — (15,786 ) Loss on Shred-it — 22,470 — 1,818 — 24,288 (Gain) loss on sale of Shred-it — (388,930 ) — 10,571 — (378,359 ) Deferred income taxes — (83,648 ) 22,025 2,321 — (59,302 ) Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (30,570 ) (20,007 ) (2,185 ) — (52,762 ) Inventories, net — (23,917 ) 2,011 (2,454 ) 6,443 (17,917 ) Uniforms and other rental items in service — (10,329 ) 5,104 (1,840 ) 759 (6,306 ) Prepaid expenses and other current assets — (142 ) (939 ) 116 — (965 ) Accounts payable — (461,203 ) 465,539 (4,884 ) (16 ) (564 ) Accrued compensation and related liabilities — 9,959 2,982 571 — 13,512 Accrued liabilities and other — (2,926 ) 24,761 155 724 22,714 Income taxes, current — 1,342 (1,565 ) (577 ) — (800 ) Net cash provided by (used in) operating activities 772,813 (480,677 ) 852,406 14,097 (692,794 ) 465,845 Cash flows from investing activities: Capital expenditures — (151,063 ) (111,392 ) (12,930 ) — (275,385 ) Proceeds from redemption of marketable securities — — — 434,179 — 434,179 Purchase of marketable securities and investments — (3,333 ) (12,085 ) (488,765 ) 10,037 (494,146 ) Proceeds from Storage transactions, net of cash contributed — 32,099 — 3,239 — 35,338 Proceeds from sale of Shred-it — 568,223 — 12,614 — 580,837 Acquisitions of businesses, net of cash acquired — (130,786 ) — (25,793 ) — (156,579 ) Other 94,344 154,412 (929,997 ) 1,897 683,481 4,137 Net cash provided by (used in) investing activities 94,344 469,552 (1,053,474 ) (75,559 ) 693,518 128,381 Cash flows from financing activities: Proceeds from the issuances of debt — — (165 ) 165 — — Repayment of debt — (9,151 ) 10,224 (365 ) (724 ) (16 ) Proceeds from exercise of stock-based compensation awards 28,226 — — — — 28,226 Dividends paid (115,232 ) — — (41 ) — (115,273 ) Repurchase of common stock (780,151 ) — — — — (780,151 ) Other — 1,952 (730 ) (732 ) — 490 Net cash (used in) provided by financing activities (867,157 ) (7,199 ) 9,329 (973 ) (724 ) (866,724 ) Effect of exchange rate changes on cash and cash equivalents — — — (5,218 ) — (5,218 ) Net decrease in cash and cash equivalents — (18,324 ) (191,739 ) (67,653 ) — (277,716 ) Cash and cash equivalents at beginning of year — 74,145 249,203 93,725 — 417,073 Cash and cash equivalents at end of year $ — $ 55,821 $ 57,464 $ 26,072 $ — $ 139,357 Condensed Consolidating Statement of Cash Flows Year Ended May 31, 2015 Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 430,618 $ 134,861 $ 281,160 $ 17,001 $ (433,022 ) $ 430,618 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation — 87,186 43,013 10,425 — 140,624 Amortization of intangible assets — 13,972 60 426 — 14,458 Stock-based compensation 47,002 — — — — 47,002 Gain on Storage transactions — (31,113 ) — (7,460 ) — (38,573 ) Loss on Shred-it — 3,190 — 661 — 3,851 Gain on sale of stock of an equity method investment — — (21,739 ) — — (21,739 ) Deferred income taxes — 67 18,565 2,234 — 20,866 Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — 4,370 (7,095 ) 1,282 — (1,443 ) Inventories, net — 22,405 (405 ) (487 ) 2,272 23,785 Uniforms and other rental items in service — (24,351 ) (5,006 ) (2,764 ) 127 (31,994 ) Prepaid expenses and other current assets — (345 ) (2,740 ) (117 ) — (3,202 ) Accounts payable — (322,461 ) 289,110 (98 ) 4 (33,445 ) Accrued compensation and related liabilities — 3,171 1,400 (1,337 ) — 3,234 Accrued liabilities and other — (15,829 ) 42,551 6,322 22 33,066 Income taxes, current — 358 (6,155 ) (1,035 ) — (6,832 ) Net cash provided by (used in) operating activities 477,620 (124,519 ) 632,719 25,053 (430,597 ) 580,276 Cash flows from investing activities: Capital expenditures — (110,658 ) (92,600 ) (14,462 ) — (217,720 ) Proceeds from redemption of marketable securities — — — 161,938 — 161,938 Purchase of marketable securities and investments — (1,827 ) 38,731 (179,130 ) (53,245 ) (195,471 ) Proceeds from Storage transactions, net of cash contributed — 93,387 — 65,041 — 158,428 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 Dividends received on Shred-it — 113,400 — — — 113,400 Acquisitions of businesses, net of cash acquired — (15,495 ) — — — (15,495 ) Other 235,951 42,199 (764,336 ) 3,705 483,864 1,383 Net cash provided by (used in) investing activities 235,951 124,350 (783,025 ) 37,092 430,619 44,987 Cash flows from financing activities: Proceeds from the issuance of debt — — (2,615 ) 2,615 — — Repayment of debt — (1,178 ) 2,962 (2,280 ) (22 ) (518 ) Proceeds from exercise of stock-based compensation awards 40,230 — — — — 40,230 Dividends paid (201,831 ) — — (60 ) — (201,891 ) Repurchase of common stock (551,970 ) — — — — (551,970 ) Other — 1,952 (363 ) — — 1,589 Net cash (used in) provided by financing activities (713,571 ) 774 (16 ) 275 (22 ) (712,560 ) Effect of exchange rate changes on cash and cash equivalents — — — (8,918 ) — (8,918 ) Net increase (decrease) in cash and cash equivalents — 605 (150,322 ) 53,502 — (96,215 ) Cash and cash equivalents at beginning of year — 73,540 399,525 40,223 — 513,288 Cash and cash equivalents at end of year $ — $ 74,145 $ 249,203 $ 93,725 $ — $ 417,073 Condensed Consolidating Statement of Cash Flows Year Ended May 31, 2014 Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 374,442 $ 162,263 $ 205,009 $ 20,809 $ (388,081 ) $ 374,442 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation — 110,100 44,856 13,264 — 168,220 Amortization of intangible assets — 20,547 153 1,942 — 22,642 Stock-based compensation 29,875 — — — — 29,875 (Gain) loss on Shred-it — (113,511 ) — 5,070 — (108,441 ) Shredding Transaction asset impairment charge — — 16,143 — — 16,143 Shredding Transaction costs — — 26,057 — — 26,057 Deferred income taxes — (2 ) 47,373 (262 ) — 47,109 Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (53,053 ) (1,300 ) (1,878 ) — (56,231 ) Inventories, net — (14,735 ) 4,839 450 (1,616 ) (11,062 ) Uniforms and other rental items in service — (11,004 ) 557 (973 ) (15 ) (11,435 ) Prepaid expenses and other current assets — (386 ) (1,844 ) 53 — (2,177 ) Accounts payable — 25,573 23,246 (18,374 ) 1 30,446 Accrued compensation and related liabilities — 5,778 4,947 206 — 10,931 Accrued liabilities and other — 50,008 4,897 (689 ) 21 54,237 Income taxes, current — 2,621 9,902 2,690 — 15,213 Net cash provided by operating activities 404,317 184,199 384,835 22,308 (389,690 ) 605,969 Cash flows from investing activities: Capital expenditures — (123,978 ) (9,591 ) (12,011 ) — (145,580 ) Proceeds from redemption of marketable securities — — 5,659 48,537 — 54,196 Purchase of marketable securities and investments — (151,063 ) (242,956 ) (48,387 ) 378,548 (63,858 ) Proceeds from Shredding Transaction, net of cash contributed — 180,000 — (641 ) — 179,359 Acquisitions of businesses, net of cash acquired — (13,199 ) — (20,242 ) — (33,441 ) Other 13,783 (50,446 ) 8,108 12,173 11,163 (5,219 ) Net cash provided by (used in) investing activities 13,783 (158,686 ) (238,780 ) (20,571 ) 389,711 (14,543 ) Cash flows from financing activities: Proceeds from the issuance of debt — — (2,445 ) 2,445 — — Repayment of debt — (8,436 ) (106 ) 376 (21 ) (8,187 ) Proceeds from exercise of stock-based compensation awards 41,902 — — — — 41,902 Dividends paid (93,293 ) — — (27 ) — (93,320 ) Repurchase of common stock (370,599 ) — — — — (370,599 ) Other 3,890 1,952 8,951 (14,324 ) — 469 Net cash (used in) provided by financing activities (418,100 ) (6,484 ) 6,400 (11,530 ) (21 ) (429,735 ) Effect of exchange rate changes on cash and cash equivalents — — — (676 ) — (676 ) Net increase (decrease) in cash and cash equivalents — 19,029 152,455 (10,469 ) — 161,015 Cash and cash equivalents at beginning of year — 54,511 247,070 50,692 — 352,273 Cash and cash equivalents at end of year $ — $ 73,540 $ 399,525 $ 40,223 $ — $ 513,288

Significant Accounting Polici42

Significant Accounting Policies - Narrative (Details) $ in Millions	Jun. 01, 2015segment	Jun. 01, 2015	May 31, 2015USD ($)segment	May 31, 2016USD ($)customer	May 31, 2014
Accounting Policies [Line Items]
Number of businesses helped (more than) \| customer				900,000
Number of reportable segments \| segment			3
Restricted cash			$ 43	$ 50.6
Goodwill impairment units	5	5
New Accounting Pronouncement, Early Adoption, Effect
Accounting Policies [Line Items]
Deferred tax liabilities, current			$ 112.4
Minimum \| Service Contacts and Other Assets
Accounting Policies [Line Items]
Service contracts and other assets useful lives (years)				5 years
Maximum \| Service Contacts and Other Assets
Accounting Policies [Line Items]
Service contracts and other assets useful lives (years)				10 years
All Other
Accounting Policies [Line Items]
Goodwill impairment units	3	3
Uniforms in Service
Accounting Policies [Line Items]
Inventories useful life, maximum				18 months
Other Rental Items
Accounting Policies [Line Items]
Inventories useful life, minimum				8 months
Inventories useful life, maximum				60 months
Shred-it Partnership
Accounting Policies [Line Items]
Equtiy method investment ownership (as a percent)					42.00%
Partnership ownership by third party (as a percent)					58.00%

Significant Accounting Polici43

Significant Accounting Policies - Schedule of Inventory (Details) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Accounting Policies [Abstract]
Raw materials	$ 17,794	$ 16,935
Work in process	14,731	17,079
Finished goods	216,837	192,197
Inventories, net	249,362	226,211
Inventory obsolescence reserve	$ 32,900	$ 30,700

Significant Accounting Polici44

Significant Accounting Policies - Property and Equipment Estimated Useful Lives (Details)	12 Months Ended
	May 31, 2016
Minimum \| Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	30 years
Minimum \| Building improvements
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	5 years
Minimum \| Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	3 years
Minimum \| Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	2 years
Maximum \| Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	40 years
Maximum \| Building improvements
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	20 years
Maximum \| Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	10 years
Maximum \| Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	15 years

Significant Accounting Polici45

Significant Accounting Policies - Current Accrued Liabilities (Details) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Accounting Policies [Abstract]
General insurance liabilities	$ 128,759	$ 113,714
Employee benefit related liabilities	75,587	68,907
Taxes and related liabilities	5,783	6,064
Accrued interest	26,682	26,628
Other	112,254	94,622
Accrued liabilities	$ 349,065	$ 309,935

Fair Value Disclosures - Financ

Fair Value Disclosures - Financial Instruments on a Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Fair value on a recurring basis
Cash and cash equivalents	$ 139,357	$ 417,073
Total assets at fair value	209,762	433,154
Total liabilities at fair value	19,628
Canadian treasury securities
Fair value on a recurring basis
Marketable securities	70,405	16,081
Interest rate lock agreement
Fair value on a recurring basis
Interest rate lock agreement	19,628
Level 1
Fair value on a recurring basis
Cash and cash equivalents	139,357	417,073
Total assets at fair value	139,357	417,073
Total liabilities at fair value	0
Level 1 \| Canadian treasury securities
Fair value on a recurring basis
Marketable securities	0	0
Level 1 \| Interest rate lock agreement
Fair value on a recurring basis
Interest rate lock agreement	0
Level 2
Fair value on a recurring basis
Cash and cash equivalents	0	0
Total assets at fair value	70,405	16,081
Total liabilities at fair value	19,628
Level 2 \| Canadian treasury securities
Fair value on a recurring basis
Marketable securities	70,405	16,081
Level 2 \| Interest rate lock agreement
Fair value on a recurring basis
Interest rate lock agreement	19,628
Level 3
Fair value on a recurring basis
Cash and cash equivalents	0	0
Total assets at fair value	0	0
Total liabilities at fair value	0
Level 3 \| Canadian treasury securities
Fair value on a recurring basis
Marketable securities	0	$ 0
Level 3 \| Interest rate lock agreement
Fair value on a recurring basis
Interest rate lock agreement	$ 0

Fair Value Disclosures - Narrat

Fair Value Disclosures - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Fair Value Disclosures [Abstract]
Amortized cost basis, marketable securities	$ 70.4	$ 16.1
Marketable securities purchased	$ 488.8	$ 179.2	$ 48.5
Contractual maturities (less than)	1 year	1 year

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	12 Months Ended
Property and Equipment (Details) - USD ($)	May 31, 2016	May 31, 2015	May 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,413,572,000	$ 2,194,278,000
Less: accumulated depreciation	1,419,335,000	1,322,857,000
Property, plant and equipment, net	994,237,000	871,421,000
Capitalized interest	1,100,000	600,000	$ 0
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	117,881,000	116,172,000
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	509,316,000	501,742,000
Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,584,478,000	1,446,041,000
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	28,530,000	26,023,000
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 173,367,000	$ 104,300,000

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($)	3 Months Ended	12 Months Ended
Investments - Narrative (Details) - USD ($)	Aug. 31, 2014	May 31, 2016	May 31, 2015	May 31, 2014
Investments [Abstract]
Investments		$ 124,952,000	$ 329,692,000
Cash surrender value of life insurance policies		108,100,000	101,800,000
Equity method investments		14,500,000	225,700,000
Cost method investments		2,400,000	2,200,000
Dividends received on equity method investment		0	5,247,000	$ 0
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		13,600,000
Losses due to impairment		$ 0	$ 0	$ 0

Goodwill, Service Contracts a50

Goodwill, Service Contracts and Other Assets - Narrative (Details) $ in Thousands	Jun. 01, 2015segment	Jun. 01, 2015	May 31, 2016USD ($)transaction	May 31, 2015USD ($)	May 31, 2014USD ($)
Finite-Lived Intangible Assets [Line Items]
Number of transactions involved in sale of business \| transaction			3
Goodwill impairment units	5	5
Goodwill			$ 1,291,593	$ 1,195,612	$ 1,267,411
Continuing Operations
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets			15,600	13,700	$ 15,200
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Estimated amortization expense, year one			13,800
Estimated amortization expense, year two			12,300
Estimated amortization expense, year three			11,700
Estimated amortization expense, year four			11,300
Estimated amortization expense, year five			$ 9,400
All Other
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment units	3	3
Goodwill				96,700
Uniform Rental and Facility Services
Finite-Lived Intangible Assets [Line Items]
Goodwill				943,900
First Aid and Safety Services
Finite-Lived Intangible Assets [Line Items]
Goodwill				$ 155,000

Goodwill, Service Contracts a51

Goodwill, Service Contracts and Other Assets - Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015
Goodwill [Roll Forward]
Balance at the beginning of the period	$ 1,195,612	$ 1,267,411
Goodwill acquired	97,097	8,648
Goodwill divested in Storage Transactions		(75,660)
Foreign currency translation	(1,116)	4,787
Balance at the end of the period	1,291,593	1,195,612
Uniform Rental and Facility Services
Goodwill [Roll Forward]
Balance at the beginning of the period	943,900
Balance at the end of the period		943,900
First Aid and Safety Services
Goodwill [Roll Forward]
Balance at the beginning of the period	155,000
Balance at the end of the period		155,000
All Other
Goodwill [Roll Forward]
Balance at the beginning of the period	96,700
Balance at the end of the period		96,700
Operating Segments \| Rental Uniforms & Ancillary Products
Goodwill [Roll Forward]
Balance at the beginning of the period	941,445	943,516
Goodwill acquired		70
Goodwill divested in Storage Transactions		0
Foreign currency translation		2,141
Balance at the end of the period		941,445
Operating Segments \| Uniform Direct Sales
Goodwill [Roll Forward]
Balance at the beginning of the period	23,678	23,905
Goodwill acquired		0
Goodwill divested in Storage Transactions		0
Foreign currency translation		227
Balance at the end of the period		23,678
Operating Segments \| First Aid, Safety & Fire Protection
Goodwill [Roll Forward]
Balance at the beginning of the period	230,489	221,911
Goodwill acquired		8,578
Goodwill divested in Storage Transactions		0
Foreign currency translation		0
Balance at the end of the period		230,489
Operating Segments \| Uniform Rental and Facility Services
Goodwill [Roll Forward]
Balance at the beginning of the period	943,909
Goodwill acquired	10,020
Foreign currency translation	(713)
Balance at the end of the period	953,216	943,909
Operating Segments \| First Aid and Safety Services
Goodwill [Roll Forward]
Balance at the beginning of the period	154,954
Goodwill acquired	86,874
Foreign currency translation	(380)
Balance at the end of the period	241,448	154,954
Operating Segments \| All Other
Goodwill [Roll Forward]
Balance at the beginning of the period	96,749
Goodwill acquired	203
Foreign currency translation	(23)
Balance at the end of the period	96,929	96,749
Corporate
Goodwill [Roll Forward]
Balance at the beginning of the period	0	78,079
Goodwill acquired		0
Goodwill divested in Storage Transactions		(75,660)
Foreign currency translation		2,419
Balance at the end of the period		0
Rental Uniforms & Ancillary Products \| Operating Segments \| Uniform Rental and Facility Services
Goodwill [Roll Forward]
Balance at the beginning of the period	929,400
Balance at the end of the period		929,400
Rental Uniforms & Ancillary Products \| Operating Segments \| All Other
Goodwill [Roll Forward]
Balance at the beginning of the period	12,000
Balance at the end of the period		12,000
Uniform Direct Sales \| Operating Segments \| Uniform Rental and Facility Services
Goodwill [Roll Forward]
Balance at the beginning of the period	14,500
Balance at the end of the period		14,500
Uniform Direct Sales \| Operating Segments \| All Other
Goodwill [Roll Forward]
Balance at the beginning of the period	9,200
Balance at the end of the period		9,200
First Aid, Safety & Fire Protection \| Operating Segments \| First Aid and Safety Services
Goodwill [Roll Forward]
Balance at the beginning of the period	155,000
Balance at the end of the period		155,000
First Aid, Safety & Fire Protection \| Operating Segments \| All Other
Goodwill [Roll Forward]
Balance at the beginning of the period	$ 75,500
Balance at the end of the period		$ 75,500

Goodwill, Service Contracts a52

Goodwill, Service Contracts and Other Assets - Changes in Carrying Amount of Service Contracts (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015
Service contracts [Roll Forward]
Balance at the beginning of the period	$ 42,434	$ 55,675
Service contracts acquired	55,694	10,121
Service contracts divested in Storage Transactions		(9,570)
Service contracts amortization	(14,392)	(13,221)
Foreign currency translation	(21)	571
Balance at the end of the period	83,715	42,434
Corporate
Service contracts [Roll Forward]
Balance at the beginning of the period	0	10,470
Service contracts acquired		265
Service contracts divested in Storage Transactions		(9,570)
Service contracts amortization		(597)
Foreign currency translation		568
Balance at the end of the period		0
Operating Segments \| Rental Uniforms & Ancillary Products
Service contracts [Roll Forward]
Balance at the beginning of the period	11,862	17,171
Service contracts acquired		313
Service contracts divested in Storage Transactions		0
Service contracts amortization		(5,619)
Foreign currency translation		3
Balance at the end of the period		11,862
Operating Segments \| Uniform Direct Sales
Service contracts [Roll Forward]
Balance at the beginning of the period	0	0
Service contracts acquired		0
Service contracts divested in Storage Transactions		0
Service contracts amortization		0
Foreign currency translation		0
Balance at the end of the period		0
Operating Segments \| First Aid, Safety & Fire Protection
Service contracts [Roll Forward]
Balance at the beginning of the period	30,572	28,034
Service contracts acquired		9,543
Service contracts divested in Storage Transactions		0
Service contracts amortization		(7,005)
Foreign currency translation		0
Balance at the end of the period		30,572
Operating Segments \| Uniform Rental and Facility Services
Service contracts [Roll Forward]
Balance at the beginning of the period	6,677
Service contracts acquired	18,912
Service contracts amortization	(4,398)
Foreign currency translation	0
Balance at the end of the period	21,191	6,677
Operating Segments \| First Aid and Safety Services
Service contracts [Roll Forward]
Balance at the beginning of the period	1,576
Service contracts acquired	34,052
Service contracts amortization	(3,355)
Foreign currency translation	(21)
Balance at the end of the period	32,252	1,576
Operating Segments \| All Other
Service contracts [Roll Forward]
Balance at the beginning of the period	34,181
Service contracts acquired	2,730
Service contracts amortization	(6,639)
Foreign currency translation	0
Balance at the end of the period	$ 30,272	$ 34,181

Goodwill, Service Contracts a53

Goodwill, Service Contracts and Other Assets - Information Regarding Service Contracts and Other Assets (Details) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015	May 31, 2014
Information regarding service contracts and other assets
Service contracts, net	$ 83,715	$ 42,434	$ 55,675
Other assets, carrying amount	70,321	65,423
Other assets, accumulated amortization	50,460	47,929
Other assets, net	19,861	17,494
Service contracts
Information regarding service contracts and other assets
Service contracts, carrying amount	395,482	340,816
Service contracts, accumulated amortization	311,767	298,382
Service contracts, net	83,715	42,434
Noncompete and consulting agreements
Information regarding service contracts and other assets
Other assets, carrying amount	42,378	41,828
Other assets, accumulated amortization	40,928	40,379
Other assets, net	1,450	1,449
Other
Information regarding service contracts and other assets
Other assets, carrying amount	27,943	23,595
Other assets, accumulated amortization	9,532	7,550
Other assets, net	$ 18,411	$ 16,045

Long-Term Debt and Derivative54

Long-Term Debt and Derivatives - Schedule of Debt (Details) - Term Notes Due Through 2036 - Unsecured Debt - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Debt Instrument [Line Items]
Unsecured term notes due through 2036 at an average rate of 4.6%	$ 1,300,000	$ 1,300,000
Less: amounts due within one year	250,000	0
Long-term debt due after one year	$ 1,050,000	$ 1,300,000
Average interest rate	4.60%	4.60%

Long-Term Debt and Derivative55

Long-Term Debt and Derivatives - Narrative (Details) - USD ($)	Jun. 01, 2016	Jun. 30, 2016	May 31, 2016	May 31, 2015	May 31, 2014	Feb. 29, 2016
Debt Instrument [Line Items]
Letters of credit outstanding, amount			$ 83,400,000	$ 82,700,000
Interest paid			64,500,000	65,300,000	$ 65,900,000
Commercial paper program availability			300,000,000
Revolving credit facility, maximum borrowing capacity with accordion feature			600,000,000
Proceeds from issuance of commercial paper	$ 218,500,000
Commercial paper outstanding			0	0
Borrowings on revolving credit facility			0	0
Long-term Debt, Fiscal Year Maturity [Abstract]
Maturities of long term debt, next twelve months			250,000,000
Maturities of long term debt, year two			300,000,000
Maturities of long term debt, year three			0
Maturities of long term debt, year four			0
Maturities of long term debt, year five			0
Other comprehensive Income
Debt Instrument [Line Items]
Amortization of interest rate lock agreements			2,000,000	2,000,000	$ 2,000,000
Treasury Lock
Debt Instrument [Line Items]
Interest rate lock agreement, notional value						$ 550,000,000
Treasury Lock \| Other Noncurrent Liabilities
Debt Instrument [Line Items]
Interest rate lock agreement, fair value			19,600,000
Term Notes Due Through 2036 \| Unsecured Debt
Debt Instrument [Line Items]
Unsecured term notes due through 2036 at an average rate of 4.6%			1,300,000,000	1,300,000,000
Long-term debt, fair value			1,416,600,000	$ 1,418,600,000
Debt Amendment June 2016 \| Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity with accordion feature			$ 450,000,000
Subsequent Event \| Term Notes Due Through 2036 \| Unsecured Debt
Debt Instrument [Line Items]
Refinanced debt	$ 250,000,000
Term of debt		5 years

Leases (Details)

Leases (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Details) - USD ($) $ in Millions	May 31, 2016	May 31, 2015	May 31, 2014
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Operating leases minimum payments due, due in year one	$ 30.5
Operating leases minimum payments due, due in two years	26.8
Operating leases minimum payments due, due in three years	20.8
Operating leases minimum payments due, due in four years	16.5
Operating leases minimum payments due, due in five years	12.5
Operating leases minimum payments due, due thereafter	26.9
Continuing Operations
Operating Leased Assets [Line Items]
Operating lease rent expense	$ 41.5	$ 34.9	$ 32.3
Minimum
Operating Leased Assets [Line Items]
Operating leases renewal option period	1 year
Maximum
Operating Leased Assets [Line Items]
Operating leases renewal option period	10 years

Income Taxes - Components of In

Income Taxes - Components of Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Income before income taxes for continuing operations consists of the following components:
U.S. operations	$ 697,974	$ 635,270	$ 519,386
Foreign operations	20,148	18,054	17,741
Income before income taxes from continuing operations	$ 718,122	$ 653,324	$ 537,127

Income Taxes - Components of 58

Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Income tax expense for continuing operations consists of the following components:
Federal	$ 284,046	$ 203,202	$ 139,102
State and local	25,926	25,346	18,286
Current income tax expense	309,972	228,548	157,388
Deferred	(48,791)	14,255	41,967
Income taxes	$ 261,181	$ 242,803	$ 199,355

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Income Tax Expense Using the Statutory Rate and Actual Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Reconciliation of income tax expense for continuing operations using the statutory rate and actual income tax expense is as follows:
Income taxes at the U.S. federal statutory rate	$ 251,352	$ 228,727	$ 187,375
State and local income taxes, net of federal benefit	16,672	16,705	17,934
Other	(6,843)	(2,629)	(5,954)
Income taxes	$ 261,181	$ 242,803	$ 199,355

Income Taxes - Components of De

Income Taxes - Components of Deferred Income Taxes (Details) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015	May 31, 2014
Deferred tax assets:
Allowance for doubtful accounts	$ 7,416	$ 4,857
Inventory obsolescence	13,702	12,266
Insurance and contingencies	42,717	38,522
Stock-based compensation	45,720	29,910
Foreign related carry-forwards	17,883	16,862
Treasury locks	12,055	5,829
Other	8,100	9,461
Deferred tax assets, gross	147,593	117,707
Valuation allowance	(17,047)	(14,690)	$ (13,358)
Deferred tax assets, net	130,546	103,017
Deferred tax liabilities:
In service inventory	172,704	169,629
Property	93,784	77,871
Intangibles	104,585	84,218
Investment in partnerships	2,563	86,098
State taxes and other	16,385	24,528
Deferred tax liabilities	390,021	442,344
Net deferred tax liability	$ 259,475	$ 339,327

Income Taxes - Summary of Valua

Income Taxes - Summary of Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015
Movement in Valuation Allowance [Roll Forward]
Balance at beginning of period	$ (14,690)	$ (13,358)
Additions	(3,437)	(2,433)
Subtractions	1,080	1,101
Balance at end of period	$ (17,047)	$ (14,690)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	May 31, 2016	May 31, 2015	May 31, 2014
Income Tax Disclosure [Abstract]
Income taxes paid	$ 452.6	$ 236.7	$ 172.5
Undistributed earnings of foreign subsidiaries	117.2	147.1	172.7
Unrecognized tax benefits that would impact effective tax rates if recognized	12.9	11.9
Unrecognized tax benefits, interest and penalties accrued	1.1	0.9
Unrecognized tax benefits period increase (decrease)	0.8	1.4	(0.2)
Unrecognized tax benefits, increase (decrease) in accrued interest	0.2	$ 0.2	$ (0.4)
Decrease in unrecognized tax benefits reasonably possible in the next twelve months	$ 3.1

Income Taxes - Reconciliation U

Income Taxes - Reconciliation Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Balance at beginning of period	$ 15,412	$ 13,062	$ 13,709
Additions for tax positions of prior years	3,259	4,001	2,586
Settlements	(48)	(48)	(1,270)
Statute expirations	(2,092)	(1,603)	(1,963)
Balance at end of period	$ 16,531	$ 15,412	$ 13,062

Acquisitions and Divestitures -

Acquisitions and Divestitures - Narrative (Details) $ in Millions	Aug. 01, 2015USD ($)	May 31, 2016transactionsegment_business	May 31, 2015segment_business
Business Acquisition [Line Items]
Number of transactions involved in sale of business \| transaction		3
Series of Business Acquisitions \| Uniform Rental and Facility Services
Business Acquisition [Line Items]
Number of businesses acquired \| segment_business		2	1
Series of Business Acquisitions \| First Aid and Safety Services
Business Acquisition [Line Items]
Number of businesses acquired \| segment_business		2	3
Series of Business Acquisitions \| All Other
Business Acquisition [Line Items]
Number of businesses acquired \| segment_business		6	8
ZEE
Business Acquisition [Line Items]
Fair value of consideration \| $	$ 134
Business acquisition, consideration \| $	120.6
Contingent consideration \| $	$ 13.4
Service Contracts \| ZEE
Business Acquisition [Line Items]
Service contracts and other assets useful lives (years)		10 years
Level 3 \| ZEE
Business Acquisition [Line Items]
Discount rate income approach (as a percent)		11.00%

Acquisitions and Divestitures65

Acquisitions and Divestitures - Aggregate Purchase Price for Businesses Acquired (Details) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015	May 31, 2014
Business Acquisition [Line Items]
Net goodwill recognized	$ 1,291,593	$ 1,195,612	$ 1,267,411
Series of Business Acquisitions
Business Acquisition [Line Items]
Fair value of tangible assets acquired	26,759	177
Net goodwill recognized	97,097	8,648
Total fair value of assets acquired	184,189	19,626
Fair value of liabilities assumed and incurred	27,610	4,131
Total cash paid for acquisitions	156,579	15,495
Series of Business Acquisitions \| Service Contracts
Business Acquisition [Line Items]
Fair value of intangible assets acquired	55,694	9,856
Series of Business Acquisitions \| Other Intangibles
Business Acquisition [Line Items]
Fair value of intangible assets acquired	$ 4,639	$ 945

Acquisitions and Divestitures66

Acquisitions and Divestitures - ZEE Assets and Liabilities Assumed (Details) - USD ($) $ in Thousands	May 31, 2016	Aug. 01, 2015	May 31, 2015	May 31, 2014
Business Acquisition [Line Items]
Goodwill	$ 1,291,593		$ 1,195,612	$ 1,267,411
ZEE
Business Acquisition [Line Items]
Cash and cash equivalents		$ 333
Accounts receivable		16,705
Inventory		5,987
Other current assets		1,443
Property, plant and equipment		849
Goodwill		86,392
Accounts payable		(7,195)
Accrued liabilities		(4,428)
Deferred income taxes		(4,586)
Total consideration		134,000
ZEE \| Service Contracts
Business Acquisition [Line Items]
Intangible assets other than goodwill		34,000
ZEE \| Other Intangibles
Business Acquisition [Line Items]
Intangible assets other than goodwill		$ 4,500

Defined Contribution Plans - Na

Defined Contribution Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
401(k) Savings
Defined Contribution Plan Disclosure [Line Items]
Required years of service for plan eligibility (years)	1 year
Defined contribution plan, total contributions	$ 43.1	$ 38.4	$ 33.7
Deferred Profit Sharing Plan (DPSP)
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, total contributions	1.6	1.5	1.6
Supplemental Executive Retirement Plan (SERP)
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, total contributions	$ 6.6	$ 6.1	$ 6

Earnings per Share - Computatio

Earnings per Share - Computation of Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended												12 Months Ended
	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	[1]	Feb. 28, 2015	[1]	Nov. 30, 2014	[1]	Aug. 31, 2014	[1],[2]	May 31, 2016	May 31, 2015	May 31, 2014
Basic Earnings per Share from Continuing Operations
Income from continuing operations	$ 118,011	$ 117,279	$ 115,453	$ 106,198	$ 100,584		$ 100,331		$ 103,701		$ 105,905		$ 456,941	$ 410,521	$ 337,772
Less: income from continuing operations allocated to participating securities													7,405	3,900	3,082
Income from continuing operations available to common shareholders													$ 449,536	$ 406,621	$ 334,690
Basic weighted average common shares outstanding (shares)	106,136	107,843	108,301	110,597	113,666		116,178		117,115		116,659		108,221	115,900	120,377
Basic earnings per share:
Basic earnings (loss) per share, continuing operations (dollars per share)	$ 1.09	$ 1.07	$ 1.05	$ 0.94	$ 0.87		$ 0.86		$ 0.88		$ 0.90		$ 4.15	$ 3.51	$ 2.78

[1]	The figures for fiscal 2015 reflect the change in classification of Shred-it to discontinued operations within the Consolidated Statements of Income. See Note 16 entitled Discontinued Operations for additional information.
[2]	During the fiscal 2015 first quarter, Cintas recognized a gain on the sale of stock in an equity method investment in the net amount of $13.6 million.

Earnings per Share - Computat69

Earnings per Share - Computation of Diluted Earnings Per Share For Continuing Operations (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended												12 Months Ended
	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	[1]	Feb. 28, 2015	[1]	Nov. 30, 2014	[1]	Aug. 31, 2014	[1],[2]	May 31, 2016	May 31, 2015	May 31, 2014
Diluted Earnings per Share from Continuing Operations
Income from continuing operations	$ 118,011	$ 117,279	$ 115,453	$ 106,198	$ 100,584		$ 100,331		$ 103,701		$ 105,905		$ 456,941	$ 410,521	$ 337,772
Less: income from continuing operations allocated to participating securities													7,405	3,900	3,082
Income from continuing operations available to common shareholders													$ 449,536	$ 406,621	$ 334,690
Basic weighted average common shares outstanding (shares)	106,136	107,843	108,301	110,597	113,666		116,178		117,115		116,659		108,221	115,900	120,377
Effect of dilutive securities - employee stock options (shares)													1,735	1,643	1,263
Diluted weighted average common shares outstanding (shares)													109,956	117,543	121,640
Diluted earnings per share:
Diluted earnings per share from continuing operations (dollars per share)	$ 1.08	$ 1.05	$ 1.03	$ 0.93	$ 0.86		$ 0.85		$ 0.86		$ 0.89		$ 4.09	$ 3.46	$ 2.75

[1]	The figures for fiscal 2015 reflect the change in classification of Shred-it to discontinued operations within the Consolidated Statements of Income. See Note 16 entitled Discontinued Operations for additional information.
[2]	During the fiscal 2015 first quarter, Cintas recognized a gain on the sale of stock in an equity method investment in the net amount of $13.6 million.

Earnings per Share - Narrative

Earnings per Share - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands	1 Months Ended	10 Months Ended	12 Months Ended
	Jun. 30, 2016	May 31, 2016	May 31, 2016	May 31, 2015	May 31, 2014	Aug. 04, 2015	Jan. 13, 2015	Jul. 30, 2013
Earnings Per Share, Basic and Diluted [Line Items]
Basic earnings (loss) per share, discontinued operations (dollars per share)			$ 2.15	$ 0.17	$ 0.30
Diluted earnings (loss) per share, discontinued operations (dollars per share)			$ 2.12	$ 0.17	$ 0.30
Options granted excluded from the computation of diluted earnings per share (shares)			500	600	700
Stock purchased under share buyback (shares)		5,700
Stock purchased under share buyback, average price per share (dollars per share)		$ 87.89
Total purchase price of shares repurchased			$ 780,151,000	$ 551,970,000	$ 370,599,000
Employee Payroll Taxes Due on Restricted Stock Awards
Earnings Per Share, Basic and Diluted [Line Items]
Stock purchased under share buyback (shares)			200	200
Stock purchased under share buyback, average price per share (dollars per share)			$ 86.07	$ 64.58
Total purchase price of shares repurchased			$ 20,900,000	$ 14,400,000
July 30, 2013
Earnings Per Share, Basic and Diluted [Line Items]
Share buyback program, authorized amount								$ 500,000,000
Stock purchased under share buyback (shares)			0	3,981
Stock purchased under share buyback, average price per share (dollars per share)			$ 0	$ 75.49
Total purchase price of shares repurchased			$ 0	$ 300,500,000
January 13, 2015
Earnings Per Share, Basic and Diluted [Line Items]
Share buyback program, authorized amount							$ 500,000,000
Stock purchased under share buyback (shares)			3,078	2,870
Stock purchased under share buyback, average price per share (dollars per share)			$ 85.44	$ 82.60
Total purchase price of shares repurchased			$ 262,928,000	$ 237,072,000
August 4, 2015
Earnings Per Share, Basic and Diluted [Line Items]
Share buyback program, authorized amount		$ 500,000,000	$ 500,000,000			$ 500,000,000
Stock purchased under share buyback (shares)			5,649	0
Stock purchased under share buyback, average price per share (dollars per share)			$ 87.85	$ 0
Total purchase price of shares repurchased			$ 496,309,000	$ 0
August 4, 2015 \| Subsequent Event
Earnings Per Share, Basic and Diluted [Line Items]
Stock purchased under share buyback (shares)	100
Stock purchased under share buyback, average price per share (dollars per share)	$ 94.09
Total purchase price of shares repurchased	$ 3,700,000

Earnings per Share - Summary of

Earnings per Share - Summary of Buyback Activity by Program (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	10 Months Ended	12 Months Ended
	May 31, 2016	May 31, 2016	May 31, 2015	May 31, 2014
Equity, Class of Treasury Stock [Line Items]
Shares	5,700
Avg. Price per Share (dollars per share)	$ 87.89
Purchase Price		$ 780,151	$ 551,970	$ 370,599
Share Repurchase Programs
Equity, Class of Treasury Stock [Line Items]
Shares		8,727	6,851
Avg. Price per Share (dollars per share)		$ 87	$ 78.47
Purchase Price		$ 759,237	$ 537,572
July 30, 2013
Equity, Class of Treasury Stock [Line Items]
Shares		0	3,981
Avg. Price per Share (dollars per share)		$ 0	$ 75.49
Purchase Price		$ 0	$ 300,500
January 13, 2015
Equity, Class of Treasury Stock [Line Items]
Shares		3,078	2,870
Avg. Price per Share (dollars per share)		$ 85.44	$ 82.60
Purchase Price		$ 262,928	$ 237,072
August 4, 2015
Equity, Class of Treasury Stock [Line Items]
Shares		5,649	0
Avg. Price per Share (dollars per share)		$ 87.85	$ 0
Purchase Price		$ 496,309	$ 0

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value of stock options granted (dollars per share)	$ 21.60	$ 20.64	$ 16.63
Intrinsic value of options exercised	$ 48.5	$ 44.3	$ 19.8
Proceeds from stock options exercised	28.2	40.2	41.9
Fair value of vested stock options	11	10.9	17.7
Aggregate intrinsic value of outstanding options	276.5
Aggregate intrinsic value of exercisable options	$ 99.7
Weighted-average remaining contractual term of stock options exercisable	4 years 8 months 6 days
Unrecognized compensation cost related to unvested stock options and restricted stock	$ 149.4
Weighted-average period of time unrecognized compensation cost will be recognized	1 year 11 months 6 days
Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under plan (shares)	21,000,000
Shares reserved for future issuance (shares)	7,174,600
Stock Compensation Plan \| Continuing Operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 79.3	44.9	27.5
Stock Compensation Plan \| Continuing Operations \| Income Taxes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The total income tax benefit recognized in the consolidated income statement for share-based compensation arrangements	$ 28.9	$ 16.7	$ 10.2
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum term after grant options may be exercised	10 years
Award expiration term	10 years
Stock Options \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options vesting period	3 years
Stock Options \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options vesting period	5 years
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards	3 years

Stock-Based Compensation - Assu

Stock-Based Compensation - Assumptions Used to Determine Fair Value of Options (Details) - Stock Options	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	2.00%	2.00%	2.00%
Dividend yield	1.40%	1.60%	1.70%
Expected volatility of Cintas' common stock	23.30%	28.00%	28.00%
Expected life of the option in years	7 years 6 months	7 years 6 months	7 years 6 months

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Options Granted and Outstanding (Details) - $ / shares	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014	May 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of period (shares)	7,835,570	8,025,794	7,885,638
Granted (shares)	1,739,767	1,590,185	2,111,649
Canceled (shares)	(235,455)	(486,720)	(699,314)
Exercised (shares)	(919,975)	(1,293,689)	(1,272,179)
Outstanding, end of period (shares)	8,419,907	7,835,570	8,025,794
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of period, Weighted Average Exercise Price (dollars per share)	$ 51.59	$ 43.12	$ 37.60
Granted, Weighted Average Exercise Price (dollars per share)	93.55	84.59	61.04
Canceled, Weighted Average Exercise Price (dollars per share)	60.01	55.50	42.42
Exercised, Weighted Average Exercise Price (dollars per share)	35.07	38.11	39.03
Outstanding, end of period, Weighted Average Exercise Price (dollars per share)	$ 61.83	$ 51.59	$ 43.12
Number of exercisable options (shares)	1,649,236	1,426,550	1,583,413	1,815,795

Stock-Based Compensation - Info

Stock-Based Compensation - Information Related to Stock Options Outstanding (Details)	12 Months Ended
	May 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Outstanding (shares) \| shares	8,419,907
Outstanding Options, Average Remaining Option Life	7 years 6 months 4 days
Outstanding Options, Weighted Average Exercise Price (dollars per share)	$ 61.83
Exercisable Options, Number Exercisable (shares) \| shares	1,649,236
Exercisable Options, Weighted Average Exercise Price (dollars per share)	$ 34.32
Range of Exercise Prices, Lower Range Limit (dollars per share)	20.29
Range of Exercise Prices, Upper Range Limit (dollars per share)	$ 95.09
$ 20.29 – $ 37.75
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Outstanding (shares) \| shares	1,555,054
Outstanding Options, Average Remaining Option Life	4 years 5 months 8 days
Outstanding Options, Weighted Average Exercise Price (dollars per share)	$ 31.22
Exercisable Options, Number Exercisable (shares) \| shares	1,122,463
Exercisable Options, Weighted Average Exercise Price (dollars per share)	$ 29.87
Range of Exercise Prices, Lower Range Limit (dollars per share)	20.29
Range of Exercise Prices, Upper Range Limit (dollars per share)	$ 37.75
37.76 – 47.22
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Outstanding (shares) \| shares	2,105,731
Outstanding Options, Average Remaining Option Life	6 years 3 months 29 days
Outstanding Options, Weighted Average Exercise Price (dollars per share)	$ 42.33
Exercisable Options, Number Exercisable (shares) \| shares	437,534
Exercisable Options, Weighted Average Exercise Price (dollars per share)	$ 39.91
Range of Exercise Prices, Lower Range Limit (dollars per share)	37.76
Range of Exercise Prices, Upper Range Limit (dollars per share)	$ 47.22
47.23 – 86.09
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Outstanding (shares) \| shares	1,824,303
Outstanding Options, Average Remaining Option Life	8 years 2 months 1 day
Outstanding Options, Weighted Average Exercise Price (dollars per share)	$ 64.90
Exercisable Options, Number Exercisable (shares) \| shares	89,239
Exercisable Options, Weighted Average Exercise Price (dollars per share)	$ 62.96
Range of Exercise Prices, Lower Range Limit (dollars per share)	47.23
Range of Exercise Prices, Upper Range Limit (dollars per share)	$ 86.09
86.10 – 95.09
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Outstanding (shares) \| shares	2,934,819
Outstanding Options, Average Remaining Option Life	9 years 6 months 29 days
Outstanding Options, Weighted Average Exercise Price (dollars per share)	$ 90.54
Exercisable Options, Number Exercisable (shares) \| shares	0
Exercisable Options, Weighted Average Exercise Price (dollars per share)	$ 0
Range of Exercise Prices, Lower Range Limit (dollars per share)	86.10
Range of Exercise Prices, Upper Range Limit (dollars per share)	$ 95.09

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Awards Granted and Outstanding (Details) - Restricted Stock Awards - $ / shares	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Outstanding, beginning of period (shares)	2,210,113	2,158,778	2,015,023
Granted (shares)	1,069,748	627,033	661,514
Canceled (shares)	(70,998)	(50,277)	(52,124)
Vested (shares)	(605,427)	(525,421)	(465,635)
Outstanding, end of period (shares)	2,603,436	2,210,113	2,158,778
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding, Weighted Average Grant Price, beginning of period (dollars per share)	$ 57.60	$ 45.04	$ 35.97
Granted, Weighted Average Grant Price (dollars per share)	92.10	80.73	60.66
Canceled, Weighted Average Grant Price (dollars per share)	65.79	49.33	37.95
Vested, Weighted Average Grant Price (dollars per share)	38.76	34.39	28.76
Outstanding, Weighted Average Grant Price, end of period (dollars per share)	$ 75.94	$ 57.60	$ 45.04

Accumulated Other Comprehensi77

Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
AOCI, Net of Tax [Roll Forward]
Beginning Balance	$ 1,932,455	$ 2,192,858	$ 2,201,492
Other comprehensive loss	(16,403)	(36,899)	(9,695)
Ending Balance	1,842,659	1,932,455	2,192,858
Foreign Currency
AOCI, Net of Tax [Roll Forward]
Beginning Balance	2,987	41,525
Other comprehensive loss before reclassifications	(11,933)	(38,538)
Amounts reclassified from accumulated other comprehensive income (loss)	6,472	0
Other comprehensive loss	(5,461)	(38,538)
Ending Balance	(2,474)	2,987	41,525
Unrealized Loss on Derivatives
AOCI, Net of Tax [Roll Forward]
Beginning Balance	(10,626)	(12,615)
Other comprehensive loss before reclassifications	(12,156)	37
Amounts reclassified from accumulated other comprehensive income (loss)	1,952	1,952
Other comprehensive loss	(10,204)	1,989
Ending Balance	(20,830)	(10,626)	(12,615)
Other
AOCI, Net of Tax [Roll Forward]
Beginning Balance	(832)	(482)
Other comprehensive loss before reclassifications	(738)	(350)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Other comprehensive loss	(738)	(350)
Ending Balance	(1,570)	(832)	(482)
Other Accumulated Comprehensive Income (Loss)
AOCI, Net of Tax [Roll Forward]
Beginning Balance	(8,471)	28,428	38,123
Other comprehensive loss before reclassifications	(24,827)	(38,851)
Amounts reclassified from accumulated other comprehensive income (loss)	8,424	1,952
Other comprehensive loss	(16,403)	(36,899)
Ending Balance	$ (24,874)	$ (8,471)	$ 28,428

Accumulated Other Comprehensi78

Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - Reclassification out of Accumulated Other Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of interest rate locks	$ (3,130)	$ (3,130)
Tax benefit	1,178	1,178
Amortization of interest rate locks, net of tax	(1,952)	(1,952)
Cumulative translation adjustment on Shred-it	(10,381)	0
Tax benefit	3,909	0
Cumulative translation adjustment on Shred-it	$ (6,472)	$ 0

Operating Segment Information79

Operating Segment Information (Details) $ in Thousands		3 Months Ended												12 Months Ended
Operating Segment Information (Details) $ in Thousands		May 31, 2016USD ($)	Feb. 29, 2016USD ($)	Nov. 30, 2015USD ($)	Aug. 31, 2015USD ($)	May 31, 2015USD ($)		Feb. 28, 2015USD ($)		Nov. 30, 2014USD ($)		Aug. 31, 2014USD ($)		May 31, 2016USD ($)segment	May 31, 2015USD ($)	May 31, 2014USD ($)
Disclosures related to operating segments
Number of operating segments \| segment														3
Revenue		$ 1,271,405	$ 1,216,083	$ 1,219,080	$ 1,198,890	$ 1,142,583		$ 1,108,847		$ 1,123,379		$ 1,102,077		$ 4,905,458	$ 4,476,886	$ 4,193,844
Gross margin		553,718	$ 524,608	$ 527,400	$ 524,144	486,660	[1]	$ 475,307	[1]	$ 481,424	[1]	$ 477,946	[1],[2]	2,129,870	1,921,337	1,749,759
Selling and administrative expenses														1,348,122	1,224,930	1,147,039
Gain on sale of stock of an equity method investment														0	21,739	0
Interest expense, net														63,626	64,822	65,593
Income before income taxes														718,122	653,324	537,127
Depreciation and amortization														165,279	152,595	147,289
Capital expenditures														275,385	217,720	145,580
Total assets		4,104,393				4,192,460								4,104,393	4,192,460	4,462,452
Operating Segments \| Uniform Rental and Facility Services
Disclosures related to operating segments
Revenue														3,777,801	3,539,843	3,304,635
Gross margin														1,671,008	1,532,211	1,382,158
Selling and administrative expenses														998,069	926,176	860,311
Gain on sale of stock of an equity method investment															0
Interest expense, net														0	0	0
Income before income taxes														672,939	606,035	521,847
Depreciation and amortization														130,822	123,577	118,828
Capital expenditures														237,884	184,246	94,619
Total assets		3,114,159				2,845,326								3,114,159	2,845,326	2,840,809
Operating Segments \| First Aid and Safety Services
Disclosures related to operating segments
Revenue														461,783	326,593	294,966
Gross margin														197,010	152,339	136,136
Selling and administrative expenses														147,503	107,226	96,246
Gain on sale of stock of an equity method investment															0
Interest expense, net														0	0	0
Income before income taxes														49,507	45,113	39,890
Depreciation and amortization														16,021	9,774	8,283
Capital expenditures														22,364	13,589	9,195
Total assets		421,789				255,202								421,789	255,202	257,603
Operating Segments \| All Other
Disclosures related to operating segments
Revenue														665,874	610,450	594,243
Gross margin														261,852	236,787	231,465
Selling and administrative expenses														202,550	191,528	190,482
Gain on sale of stock of an equity method investment															0
Interest expense, net														0	0	0
Income before income taxes														59,302	45,259	40,983
Depreciation and amortization														18,436	19,244	20,178
Capital expenditures														15,137	18,983	7,370
Total assets		358,683				345,201								358,683	345,201	340,650
Corporate
Disclosures related to operating segments
Revenue														0	0	0
Gross margin														0	0	0
Selling and administrative expenses														0	0	0
Gain on sale of stock of an equity method investment															21,739
Interest expense, net														63,626	64,822	65,593
Income before income taxes														(63,626)	(43,083)	(65,593)
Depreciation and amortization														0	0	0
Capital expenditures														0	902	34,396
Total assets	[3]	$ 209,762				$ 746,731								$ 209,762	$ 746,731	$ 1,023,390

[1]	The figures for fiscal 2015 reflect the change in classification of Shred-it to discontinued operations within the Consolidated Statements of Income. See Note 16 entitled Discontinued Operations for additional information.
[2]	During the fiscal 2015 first quarter, Cintas recognized a gain on the sale of stock in an equity method investment in the net amount of $13.6 million.
[3]	Corporate assets include cash and marketable securities in all periods. Corporate assets as of May 31, 2015 include Shred-it and real estate assets of Storage that were not included in the sale transactions. Corporate assets as of May 31, 2014 include Shred-it and the assets of Storage.

Quarterly Financial Data (Una80

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended												12 Months Ended
	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015		Feb. 28, 2015		Nov. 30, 2014		Aug. 31, 2014		May 31, 2016	May 31, 2015	May 31, 2014
Quarterly Financial Data [Abstract]
Revenue	$ 1,271,405	$ 1,216,083	$ 1,219,080	$ 1,198,890	$ 1,142,583		$ 1,108,847		$ 1,123,379		$ 1,102,077		$ 4,905,458	$ 4,476,886	$ 4,193,844
Gross margin	553,718	524,608	527,400	524,144	486,660	[1]	475,307	[1]	481,424	[1]	477,946	[1],[2]	2,129,870	1,921,337	1,749,759
Net income, continuing operations	$ 118,011	$ 117,279	$ 115,453	$ 106,198	$ 100,584	[1]	$ 100,331	[1]	$ 103,701	[1]	$ 105,905	[1],[2]	$ 456,941	$ 410,521	$ 337,772
Basic earnings per share, continuing operations (dollars per share)	$ 1.09	$ 1.07	$ 1.05	$ 0.94	$ 0.87	[1]	$ 0.86	[1]	$ 0.88	[1]	$ 0.90	[1],[2]	$ 4.15	$ 3.51	$ 2.78
Diluted earnings per share from continuing operations (dollars per share)	$ 1.08	$ 1.05	$ 1.03	$ 0.93	$ 0.86	[1]	$ 0.85	[1]	$ 0.86	[1]	$ 0.89	[1],[2]	$ 4.09	$ 3.46	$ 2.75
Weighted average number of shares outstanding (shares)	106,136	107,843	108,301	110,597	113,666	[1]	116,178	[1]	117,115	[1]	116,659	[1],[2]	108,221	115,900	120,377
Gain on sale of stock of an equity method investment, net of tax											$ 13,600			$ 13,600

[1]	The figures for fiscal 2015 reflect the change in classification of Shred-it to discontinued operations within the Consolidated Statements of Income. See Note 16 entitled Discontinued Operations for additional information.
[2]	During the fiscal 2015 first quarter, Cintas recognized a gain on the sale of stock in an equity method investment in the net amount of $13.6 million.

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2015USD ($)	May 31, 2016USD ($)transaction	May 31, 2015USD ($)transactionbuyer	May 31, 2014USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on Shred-it		$ 378,359
Equity method investments	$ 225,700	14,500	$ 225,700
Shredding Transaction asset impairment charge		0	0	$ 16,143
Dividends received on equity method investment		0	5,247	0
Proceeds from Shredding transactions, net of cash contributed		580,837	3,344	179,359
Gain on disposal of discontinued operations		$ 15,786	38,573	0
Number of transactions involved in sale of business \| transaction		3
Proceeds from Storage transactions, net of cash contributed		$ 35,338	158,428	0
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on Shred-it		378,359	0	0
Gain on disposal of discontinued operations		15,786	$ 38,573	0
Discontinued Operations \| Storage Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal of discontinued operations		10,900
Number of transactions involved in sale of business \| transaction			3
Number of buyers involved in sale of business \| buyer			3
Proceeds from Storage transactions, net of cash contributed			$ 158,400
Discontinued Operations, Held-for-sale \| Storage Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal of discontinued operations		4,800
Proceeds from Storage transactions, net of cash contributed		24,400
Shred-it Partnership
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on Shred-it			4,100	106,400
Fair value of consideration received				180,000
Retained non-controlling interest fair value				339,400
Equity method investments	210,100		210,100	$ 413,000
Equtiy method investment ownership (as a percent)				42.00%
Shredding Transaction asset impairment charge				$ 16,100
Other transaction costs				28,500
Professional and legal fees				4,700
Employee termination benefit costs				700
Stock compensation expense				12,400
Information systems contracts charge				4,200
Incremental profit sharing and employee compensation				6,500
Equity method investment net gain (loss)		(24,300)	(5,500)	1,200
Dividends received on equity method investment	113,400	0	113,400	$ 0
Equity method investment, difference between carrying value and underlying net assets	$ 94,000		$ 94,000
Amortization period			9 years
Amortization of basis differences		4,800	$ 11,000
Loss related to litigation			$ 1,000
Proceeds from Shredding transactions, net of cash contributed		578,300
Gain on disposal of discontinued operations		4,300
Equity method investment, gain contingency		$ 30,000

Discontinued Operations - Selec

Discontinued Operations - Selective Unaudited Financial Information for Equity Method Investment (Details) $ in Thousands	12 Months Ended
	Apr. 30, 2015USD ($)
Assets
Current assets	$ 150,792
Non-current assets	968,956
Liabilities
Current liabilities	73,971
Non-current liabilities	532,673
Summary Income Statement Information
Net sales	695,628
Gross profit	432,532
Net income	$ 10,385

Discontinued Operations - Sched

Discontinued Operations - Schedule of Discontinued Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015		May 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on Storage Transactions	$ 15,786	$ 38,573		$ 0
Gain on sale of Shred-it	378,359
Net income from discontinued operations	236,579	20,097		36,670
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	0	31,379		357,967
Income (loss) before income taxes, excluding gains (losses) from sale transactions and investments	434	(3,515)		6,913
Gain on Storage Transactions	15,786	38,573		0
(Loss) gain on Shred-it	(24,288)	(3,851)		63,817
Gain on sale of Shred-it	378,359	0		0
Income tax expense	(133,712)	(11,110)		(34,060)
Net income from discontinued operations	236,579	$ 20,097	[1]	$ 36,670	[1]
Discontinued Operations \| Storage Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on Storage Transactions	$ 10,900

[1]	Results for the fiscal years ended May 31, 2015 and 2014 related to Shred-it and Shredding were previously presented in continuing operations and were reclassified to discontinued operations as previously discussed.

Supplemental Guarantor Inform84

Supplemental Guarantor Information - Narrative (Details) $ in Millions	May 31, 2016USD ($)
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Long-term senior notes	$ 1,300

Supplemental Guarantor Inform85

Supplemental Guarantor Information - Condensed Consolidating Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015		Feb. 28, 2015		Nov. 30, 2014		Aug. 31, 2014		May 31, 2016	May 31, 2015	May 31, 2014
Revenue:
Uniform rental and facility services													$ 3,777,801	$ 3,539,843	$ 3,304,635
Other													1,127,657	937,043	889,209
Equity in net income of affiliates													0	0	0
Total revenue	$ 1,271,405	$ 1,216,083	$ 1,219,080	$ 1,198,890	$ 1,142,583		$ 1,108,847		$ 1,123,379		$ 1,102,077		4,905,458	4,476,886	4,193,844
Costs and expenses (income):
Cost of uniform rental and facility services													2,106,793	2,007,632	1,922,477
Cost of other													668,795	547,917	521,608
Selling and administrative expenses													1,348,122	1,224,930	1,147,039
Operating income													781,748	696,407	602,720
Gain on sale of stock of an equity method investment													0	21,739	0
Interest income													(896)	(339)	(229)
Interest expense (income)													64,522	65,161	65,822
Income before income taxes													718,122	653,324	537,127
Income taxes													261,181	242,803	199,355
Income from continuing operations	$ 118,011	$ 117,279	$ 115,453	$ 106,198	$ 100,584	[1]	$ 100,331	[1]	$ 103,701	[1]	$ 105,905	[1],[2]	456,941	410,521	337,772
Income from discontinued operations, net of tax													236,579	20,097	36,670
Net income													693,520	430,618	374,442
Eliminations
Revenue:
Uniform rental and facility services													(155,259)	(137,199)	(121,932)
Other													(523,233)	(502,037)	(471,688)
Equity in net income of affiliates													(456,941)	(410,521)	(337,772)
Total revenue													(1,135,433)	(1,049,757)	(931,392)
Costs and expenses (income):
Cost of uniform rental and facility services													(236,103)	(215,099)	(201,100)
Cost of other													(408,046)	(395,355)	(375,971)
Selling and administrative expenses													(27,045)	(26,314)	(18,103)
Operating income													(464,239)	(412,989)	(336,218)
Gain on sale of stock of an equity method investment														0
Interest income													2	2	15,271
Interest expense (income)													0	0	0
Income before income taxes													(464,241)	(412,991)	(351,489)
Income taxes													(116)	(66)	(78)
Income from continuing operations													(464,125)	(412,925)	(351,411)
Income from discontinued operations, net of tax													(236,579)	(20,097)	(36,670)
Net income													(700,704)	(433,022)	(388,081)
Cintas Corporation
Revenue:
Uniform rental and facility services													0	0	0
Other													0	0	0
Equity in net income of affiliates													456,941	410,521	337,772
Total revenue													456,941	410,521	337,772
Costs and expenses (income):
Cost of uniform rental and facility services													0	0	0
Cost of other													0	0	0
Selling and administrative expenses													0	0	0
Operating income													456,941	410,521	337,772
Gain on sale of stock of an equity method investment														0
Interest income													0	0	0
Interest expense (income)													0	0	0
Income before income taxes													456,941	410,521	337,772
Income taxes													0	0	0
Income from continuing operations													456,941	410,521	337,772
Income from discontinued operations, net of tax													236,579	20,097	36,670
Net income													693,520	430,618	374,442
Corp. 2
Revenue:
Uniform rental and facility services													2,913,812	2,699,466	2,500,618
Other													1,576,078	1,379,572	1,302,715
Equity in net income of affiliates													0	0	0
Total revenue													4,489,890	4,079,038	3,803,333
Costs and expenses (income):
Cost of uniform rental and facility services													1,709,912	1,660,625	1,576,226
Cost of other													1,070,064	889,524	843,675
Selling and administrative expenses													1,427,424	1,276,745	1,172,858
Operating income													282,490	252,144	210,574
Gain on sale of stock of an equity method investment														0
Interest income													0	(12)	(43)
Interest expense (income)													65,534	66,298	66,461
Income before income taxes													216,956	185,858	144,156
Income taxes													71,323	66,498	43,327
Income from continuing operations													145,633	119,360	100,829
Income from discontinued operations, net of tax													242,416	15,501	61,434
Net income													388,049	134,861	162,263
Subsidiary Guarantors
Revenue:
Uniform rental and facility services													805,722	748,185	690,831
Other													8,542	2,159	4,192
Equity in net income of affiliates													0	0	0
Total revenue													814,264	750,344	695,023
Costs and expenses (income):
Cost of uniform rental and facility services													490,383	407,505	386,556
Cost of other													(41,762)	16,120	16,570
Selling and administrative expenses													(121,514)	(100,024)	(83,765)
Operating income													487,157	426,743	375,662
Gain on sale of stock of an equity method investment														21,739
Interest income													(666)	(250)	(178)
Interest expense (income)													(1,027)	(1,134)	(635)
Income before income taxes													488,850	449,866	376,475
Income taxes													180,100	168,706	148,332
Income from continuing operations													308,750	281,160	228,143
Income from discontinued operations, net of tax													0	0	(23,134)
Net income													308,750	281,160	205,009
Non- Guarantors
Revenue:
Uniform rental and facility services													213,526	229,391	235,118
Other													66,270	57,349	53,990
Equity in net income of affiliates													0	0	0
Total revenue													279,796	286,740	289,108
Costs and expenses (income):
Cost of uniform rental and facility services													142,601	154,601	160,795
Cost of other													48,539	37,628	37,334
Selling and administrative expenses													69,257	74,523	76,049
Operating income													19,399	19,988	14,930
Gain on sale of stock of an equity method investment														0
Interest income													(232)	(79)	(15,279)
Interest expense (income)													15	(3)	(4)
Income before income taxes													19,616	20,070	30,213
Income taxes													9,874	7,665	7,774
Income from continuing operations													9,742	12,405	22,439
Income from discontinued operations, net of tax													(5,837)	4,596	(1,630)
Net income													$ 3,905	$ 17,001	$ 20,809

[1]	The figures for fiscal 2015 reflect the change in classification of Shred-it to discontinued operations within the Consolidated Statements of Income. See Note 16 entitled Discontinued Operations for additional information.
[2]	During the fiscal 2015 first quarter, Cintas recognized a gain on the sale of stock in an equity method investment in the net amount of $13.6 million.

Supplemental Guarantor Inform86

Supplemental Guarantor Information - Condensed Consolidating Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
Condensed Consolidating Financial Statements
Net income	$ 693,520	$ 430,618	$ 374,442
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(11,933)	(38,538)	(9,787)
Cumulative translation adjustment on Shred-it	6,472	0	0
Change in fair value of derivatives	(12,156)	37	(228)
Amortization of interest rate lock agreements	1,952	1,952	1,952
Other	(738)	(350)	(1,632)
Other comprehensive loss	(16,403)	(36,899)	(9,695)
Comprehensive income	677,117	393,719	364,747
Eliminations
Condensed Consolidating Financial Statements
Net income	(700,704)	(433,022)	(388,081)
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	0	0	0
Cumulative translation adjustment on Shred-it	0
Change in fair value of derivatives	0	0	0
Amortization of interest rate lock agreements	0	0	0
Other	0	0	0
Other comprehensive loss	0	0	0
Comprehensive income	(700,704)	(433,022)	(388,081)
Cintas Corporation
Condensed Consolidating Financial Statements
Net income	693,520	430,618	374,442
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	0	0	0
Cumulative translation adjustment on Shred-it	0
Change in fair value of derivatives	0	0	0
Amortization of interest rate lock agreements	0	0	0
Other	0	0	0
Other comprehensive loss	0	0	0
Comprehensive income	693,520	430,618	374,442
Corp. 2
Condensed Consolidating Financial Statements
Net income	388,049	134,861	162,263
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	0	0	0
Cumulative translation adjustment on Shred-it	5,875
Change in fair value of derivatives	(12,156)	0	0
Amortization of interest rate lock agreements	1,952	1,952	1,952
Other	0	0	0
Other comprehensive loss	(4,329)	1,952	1,952
Comprehensive income	383,720	136,813	164,215
Subsidiary Guarantors
Condensed Consolidating Financial Statements
Net income	308,750	281,160	205,009
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	0	0	0
Cumulative translation adjustment on Shred-it	0
Change in fair value of derivatives	0	0	0
Amortization of interest rate lock agreements	0	0	0
Other	(730)	(361)	(1,629)
Other comprehensive loss	(730)	(361)	(1,629)
Comprehensive income	308,020	280,799	203,380
Non- Guarantors
Condensed Consolidating Financial Statements
Net income	3,905	17,001	20,809
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(11,933)	(38,538)	(9,787)
Cumulative translation adjustment on Shred-it	597
Change in fair value of derivatives	0	37	(228)
Amortization of interest rate lock agreements	0	0	0
Other	(8)	11	(3)
Other comprehensive loss	(11,344)	(38,490)	(10,018)
Comprehensive income	$ (7,439)	$ (21,489)	$ 10,791

Supplemental Guarantor Inform87

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	May 31, 2016	May 31, 2015	May 31, 2014	May 31, 2013
Current assets:
Cash and cash equivalents	$ 139,357	$ 417,073
Marketable securities	70,405	16,081
Accounts receivable, net	563,178	496,130
Inventories, net	249,362	226,211
Uniforms and other rental items in service	539,956	534,005
Income taxes, current	1,712	936
Assets held for sale	0	21,341
Prepaid expenses and other current assets	26,065	24,030
Total current assets	1,590,035	1,735,807
Property and equipment, at cost, net	994,237	871,421
Investments	124,952	329,692
Goodwill	1,291,593	1,195,612	$ 1,267,411
Service contracts, net	83,715	42,434
Other assets, net	19,861	17,494
Total assets	4,104,393	4,192,460	4,462,452
Current liabilities:
Accounts payable	114,514	109,607
Accrued compensation and related liabilities	101,976	88,423
Accrued liabilities	349,065	309,935
Liabilities held for sale	0	704
Long-term debt due within one year	250,000	0
Total current liabilities	815,555	508,669
Long-term liabilities:
Long-term debt due after one year	1,050,000	1,300,000
Deferred income taxes	259,475	339,327
Accrued liabilities	136,704	112,009
Total long-term liabilities	1,446,179	1,751,336
Total shareholders' equity	1,842,659	1,932,455	$ 2,192,858	$ 2,201,492
Total liabilities and shareholders' equity	4,104,393	4,192,460
Eliminations
Current assets:
Cash and cash equivalents	0	0
Marketable securities	0	0
Accounts receivable, net	0	0
Inventories, net	(3,845)	2,598
Uniforms and other rental items in service	(19,722)	(18,963)
Income taxes, current	0	0
Assets held for sale		0
Prepaid expenses and other current assets	0	0
Total current assets	(23,567)	(16,365)
Property and equipment, at cost, net	0	0
Investments	(3,809,602)	(3,799,565)
Goodwill	(112)	(112)
Service contracts, net	0	0
Other assets, net	(4,601,168)	(3,894,997)
Total assets	(8,434,449)	(7,711,039)
Current liabilities:
Accounts payable	38,005	38,021
Accrued compensation and related liabilities	0	0
Accrued liabilities	0	(724)
Liabilities held for sale		0
Long-term debt due within one year	0	0
Total current liabilities	38,005	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	(8,472,454)	(7,749,060)
Total liabilities and shareholders' equity	(8,434,449)	(7,711,039)
Cintas Corporation
Current assets:
Cash and cash equivalents	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	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	1,081,203	1,154,596
Total assets	1,402,286	1,475,679
Current liabilities:
Accounts payable	(465,247)	(465,247)
Accrued compensation and related liabilities	0	0
Accrued liabilities	0	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	1,867,533	1,940,926
Total liabilities and shareholders' equity	1,402,286	1,475,679
Corp. 2
Current assets:
Cash and cash equivalents	55,821	74,145
Marketable securities	0	0
Accounts receivable, net	402,846	358,560
Inventories, net	222,822	193,594
Uniforms and other rental items in service	410,696	399,017
Income taxes, current	(151)	1,191
Assets held for sale		21,341
Prepaid expenses and other current assets	6,668	5,514
Total current assets	1,098,702	1,053,362
Property and equipment, at cost, net	577,936	523,690
Investments	1,770,303	1,956,320
Goodwill	0	0
Service contracts, net	81,462	42,400
Other assets, net	4,665	12,373
Total assets	3,533,068	3,588,145
Current liabilities:
Accounts payable	(1,408,002)	(877,042)
Accrued compensation and related liabilities	70,045	59,752
Accrued liabilities	82,770	65,022
Liabilities held for sale		704
Long-term debt due within one year	250,000	293
Total current liabilities	(1,005,187)	(751,271)
Long-term liabilities:
Long-term debt due after one year	1,049,610	1,308,452
Deferred income taxes	(427)	(304)
Accrued liabilities	19,628	0
Total long-term liabilities	1,068,811	1,308,148
Total shareholders' equity	3,469,444	3,031,268
Total liabilities and shareholders' equity	3,533,068	3,588,145
Subsidiary Guarantors
Current assets:
Cash and cash equivalents	57,464	249,203
Marketable securities	0	0
Accounts receivable, net	125,005	104,964
Inventories, net	19,150	21,149
Uniforms and other rental items in service	112,370	117,473
Income taxes, current	1,215	(339)
Assets held for sale		0
Prepaid expenses and other current assets	18,435	17,492
Total current assets	333,639	509,942
Property and equipment, at cost, net	342,356	275,072
Investments	901,772	895,393
Goodwill	1,256,662	1,180,527
Service contracts, net	13	34
Other assets, net	3,526,051	2,741,950
Total assets	6,360,493	5,602,918
Current liabilities:
Accounts payable	1,932,977	1,391,999
Accrued compensation and related liabilities	26,551	23,989
Accrued liabilities	252,717	232,500
Liabilities held for sale		0
Long-term debt due within one year	0	(293)
Total current liabilities	2,212,245	1,648,195
Long-term liabilities:
Long-term debt due after one year	0	(9,766)
Deferred income taxes	252,149	333,929
Accrued liabilities	116,091	111,105
Total long-term liabilities	368,240	435,268
Total shareholders' equity	3,780,008	3,519,455
Total liabilities and shareholders' equity	6,360,493	5,602,918
Non- Guarantors
Current assets:
Cash and cash equivalents	26,072	93,725
Marketable securities	70,405	16,081
Accounts receivable, net	35,327	32,606
Inventories, net	11,235	8,870
Uniforms and other rental items in service	36,612	36,478
Income taxes, current	648	84
Assets held for sale		0
Prepaid expenses and other current assets	962	1,024
Total current assets	181,261	188,868
Property and equipment, at cost, net	73,945	72,659
Investments	941,396	956,461
Goodwill	35,043	15,197
Service contracts, net	2,240	0
Other assets, net	9,110	3,572
Total assets	1,242,995	1,236,757
Current liabilities:
Accounts payable	16,781	21,876
Accrued compensation and related liabilities	5,380	4,682
Accrued liabilities	13,578	13,137
Liabilities held for sale		0
Long-term debt due within one year	0	0
Total current liabilities	35,739	39,695
Long-term liabilities:
Long-term debt due after one year	390	590
Deferred income taxes	7,753	5,702
Accrued liabilities	985	904
Total long-term liabilities	9,128	7,196
Total shareholders' equity	1,198,128	1,189,866
Total liabilities and shareholders' equity	$ 1,242,995	$ 1,236,757

Supplemental Guarantor Inform88

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2015	May 31, 2016	May 31, 2015	May 31, 2014
Cash flows from operating activities:
Net income		$ 693,520	$ 430,618	$ 374,442
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation		149,691	140,624	168,220
Amortization of intangible assets		15,588	14,458	22,642
Stock-based compensation		79,293	47,002	29,875
Gain on Storage transactions		(15,786)	(38,573)	0
Loss (gain) on Shred-it		24,288	3,851	(108,441)
Gain on Shred-it		(378,359)
Shredding Transaction asset impairment charge		0	0	16,143
Shredding Transaction costs		0	0	26,057
Deferred income taxes		(59,302)	20,866	47,109
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net		(52,762)	(1,443)	(56,231)
Inventories, net		(17,917)	23,785	(11,062)
Uniforms and other rental items in service		(6,306)	(31,994)	(11,435)
Prepaid expenses and other current assets		(965)	(3,202)	(2,177)
Accounts payable		(564)	(33,445)	30,446
Accrued compensation and related liabilities		13,512	3,234	10,931
Accrued liabilities and other		22,714	33,066	54,237
Income taxes, current		(800)	(6,832)	15,213
Net cash provided by operating activities		465,845	580,276	605,969
Cash flows from investing activities:
Capital expenditures		(275,385)	(217,720)	(145,580)
Proceeds from redemption of marketable securities		434,179	161,938	54,196
Purchase of marketable securities and investments		(494,146)	(195,471)	(63,858)
Proceeds from Storage transactions, net of cash contributed		35,338	158,428	0
Proceeds from Shredding transactions, net of cash contributed		580,837	3,344	179,359
Proceeds from sale of stock of an equity method investment		0	29,933	0
Dividends received on equity method investment		0	5,247	0
Acquisitions of businesses, net of cash acquired		(156,579)	(15,495)	(33,441)
Other		4,137	1,383	(5,219)
Net cash provided by (used in) investing activities		128,381	44,987	(14,543)
Cash flows from financing activities:
Proceeds from issuance of debt		0	0	0
Repayment of debt		(16)	(518)	(8,187)
Proceeds from exercise of stock-based compensation awards		28,226	40,230	41,902
Dividends paid		(115,273)	(201,891)	(93,320)
Repurchase of common stock		(780,151)	(551,970)	(370,599)
Other		490	1,589	469
Net cash used in financing activities		(866,724)	(712,560)	(429,735)
Effect of exchange rate changes on cash and cash equivalents		(5,218)	(8,918)	(676)
Net (decrease) increase in cash and cash equivalents		(277,716)	(96,215)	161,015
Cash and cash equivalents at beginning of year		417,073	513,288	352,273
Cash and cash equivalents at end of year	$ 417,073	139,357	417,073	513,288
Shred-it Partnership
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Gain on Storage transactions		(4,300)
Gain on Shred-it			(4,100)	(106,400)
Shredding Transaction asset impairment charge				16,100
Cash flows from investing activities:
Proceeds from Shredding transactions, net of cash contributed		578,300
Dividends received on equity method investment	113,400	0	113,400	0
Eliminations
Cash flows from operating activities:
Net income		(700,704)	(433,022)	(388,081)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation		0	0	0
Amortization of intangible assets		0	0	0
Stock-based compensation		0	0	0
Gain on Storage transactions		0	0
Loss (gain) on Shred-it		0	0	0
Gain on Shred-it		0
Shredding Transaction asset impairment charge				0
Shredding Transaction costs				0
Deferred income taxes		0	0	0
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net		0	0	0
Inventories, net		6,443	2,272	(1,616)
Uniforms and other rental items in service		759	127	(15)
Prepaid expenses and other current assets		0	0	0
Accounts payable		(16)	4	1
Accrued compensation and related liabilities		0	0	0
Accrued liabilities and other		724	22	21
Income taxes, current		0	0	0
Net cash provided by operating activities		(692,794)	(430,597)	(389,690)
Cash flows from investing activities:
Capital expenditures		0	0	0
Proceeds from redemption of marketable securities		0	0	0
Purchase of marketable securities and investments		10,037	(53,245)	378,548
Proceeds from Storage transactions, net of cash contributed		0	0
Proceeds from Shredding transactions, net of cash contributed		0	0	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	0
Other		683,481	483,864	11,163
Net cash provided by (used in) investing activities		693,518	430,619	389,711
Cash flows from financing activities:
Proceeds from issuance of debt		0	0	0
Repayment of debt		(724)	(22)	(21)
Proceeds from exercise of stock-based compensation awards		0	0	0
Dividends paid		0	0	0
Repurchase of common stock		0	0	0
Other		0	0	0
Net cash used in financing activities		(724)	(22)	(21)
Effect of exchange rate changes on cash and cash equivalents		0	0	0
Net (decrease) increase in cash and cash equivalents		0	0	0
Cash and cash equivalents at beginning of year		0	0	0
Cash and cash equivalents at end of year	0	0	0	0
Eliminations \| Shred-it Partnership
Cash flows from investing activities:
Dividends received on equity method investment			0
Cintas Corporation
Cash flows from operating activities:
Net income		693,520	430,618	374,442
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation		0	0	0
Amortization of intangible assets		0	0	0
Stock-based compensation		79,293	47,002	29,875
Gain on Storage transactions		0	0
Loss (gain) on Shred-it		0	0	0
Gain on Shred-it		0
Shredding Transaction asset impairment charge				0
Shredding Transaction costs				0
Deferred income taxes		0	0	0
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net		0	0	0
Inventories, net		0	0	0
Uniforms and other rental items in service		0	0	0
Prepaid expenses and other current assets		0	0	0
Accounts payable		0	0	0
Accrued compensation and related liabilities		0	0	0
Accrued liabilities and other		0	0	0
Income taxes, current		0	0	0
Net cash provided by operating activities		772,813	477,620	404,317
Cash flows from investing activities:
Capital expenditures		0	0	0
Proceeds from redemption of marketable securities		0	0	0
Purchase of marketable securities and investments		0	0	0
Proceeds from Storage transactions, net of cash contributed		0	0
Proceeds from Shredding transactions, net of cash contributed		0	0	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	0
Other		94,344	235,951	13,783
Net cash provided by (used in) investing activities		94,344	235,951	13,783
Cash flows from financing activities:
Proceeds from issuance of debt		0	0	0
Repayment of debt		0	0	0
Proceeds from exercise of stock-based compensation awards		28,226	40,230	41,902
Dividends paid		(115,232)	(201,831)	(93,293)
Repurchase of common stock		(780,151)	(551,970)	(370,599)
Other		0	0	3,890
Net cash used in financing activities		(867,157)	(713,571)	(418,100)
Effect of exchange rate changes on cash and cash equivalents		0	0	0
Net (decrease) increase in cash and cash equivalents		0	0	0
Cash and cash equivalents at beginning of year		0	0	0
Cash and cash equivalents at end of year	0	0	0	0
Cintas Corporation \| Shred-it Partnership
Cash flows from investing activities:
Dividends received on equity method investment			0
Corp. 2
Cash flows from operating activities:
Net income		388,049	134,861	162,263
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation		96,885	87,186	110,100
Amortization of intangible assets		14,830	13,972	20,547
Stock-based compensation		0	0	0
Gain on Storage transactions		(12,547)	(31,113)
Loss (gain) on Shred-it		22,470	3,190	(113,511)
Gain on Shred-it		(388,930)
Shredding Transaction asset impairment charge				0
Shredding Transaction costs				0
Deferred income taxes		(83,648)	67	(2)
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net		(30,570)	4,370	(53,053)
Inventories, net		(23,917)	22,405	(14,735)
Uniforms and other rental items in service		(10,329)	(24,351)	(11,004)
Prepaid expenses and other current assets		(142)	(345)	(386)
Accounts payable		(461,203)	(322,461)	25,573
Accrued compensation and related liabilities		9,959	3,171	5,778
Accrued liabilities and other		(2,926)	(15,829)	50,008
Income taxes, current		1,342	358	2,621
Net cash provided by operating activities		(480,677)	(124,519)	184,199
Cash flows from investing activities:
Capital expenditures		(151,063)	(110,658)	(123,978)
Proceeds from redemption of marketable securities		0	0	0
Purchase of marketable securities and investments		(3,333)	(1,827)	(151,063)
Proceeds from Storage transactions, net of cash contributed		32,099	93,387
Proceeds from Shredding transactions, net of cash contributed		568,223	3,344	180,000
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		(130,786)	(15,495)	(13,199)
Other		154,412	42,199	(50,446)
Net cash provided by (used in) investing activities		469,552	124,350	(158,686)
Cash flows from financing activities:
Proceeds from issuance of debt		0	0	0
Repayment of debt		(9,151)	(1,178)	(8,436)
Proceeds from exercise of stock-based compensation awards		0	0	0
Dividends paid		0	0	0
Repurchase of common stock		0	0	0
Other		1,952	1,952	1,952
Net cash used in financing activities		(7,199)	774	(6,484)
Effect of exchange rate changes on cash and cash equivalents		0	0	0
Net (decrease) increase in cash and cash equivalents		(18,324)	605	19,029
Cash and cash equivalents at beginning of year		74,145	73,540	54,511
Cash and cash equivalents at end of year	74,145	55,821	74,145	73,540
Corp. 2 \| Shred-it Partnership
Cash flows from investing activities:
Dividends received on equity method investment			113,400
Subsidiary Guarantors
Cash flows from operating activities:
Net income		308,750	281,160	205,009
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation		43,441	43,013	44,856
Amortization of intangible assets		304	60	153
Stock-based compensation		0	0	0
Gain on Storage transactions		0	0
Loss (gain) on Shred-it		0	0	0
Gain on Shred-it		0
Shredding Transaction asset impairment charge				16,143
Shredding Transaction costs				26,057
Deferred income taxes		22,025	18,565	47,373
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net		(20,007)	(7,095)	(1,300)
Inventories, net		2,011	(405)	4,839
Uniforms and other rental items in service		5,104	(5,006)	557
Prepaid expenses and other current assets		(939)	(2,740)	(1,844)
Accounts payable		465,539	289,110	23,246
Accrued compensation and related liabilities		2,982	1,400	4,947
Accrued liabilities and other		24,761	42,551	4,897
Income taxes, current		(1,565)	(6,155)	9,902
Net cash provided by operating activities		852,406	632,719	384,835
Cash flows from investing activities:
Capital expenditures		(111,392)	(92,600)	(9,591)
Proceeds from redemption of marketable securities		0	0	5,659
Purchase of marketable securities and investments		(12,085)	38,731	(242,956)
Proceeds from Storage transactions, net of cash contributed		0	0
Proceeds from Shredding transactions, net of cash contributed		0	0	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	0
Other		(929,997)	(764,336)	8,108
Net cash provided by (used in) investing activities		(1,053,474)	(783,025)	(238,780)
Cash flows from financing activities:
Proceeds from issuance of debt		(165)	(2,615)	(2,445)
Repayment of debt		10,224	2,962	(106)
Proceeds from exercise of stock-based compensation awards		0	0	0
Dividends paid		0	0	0
Repurchase of common stock		0	0	0
Other		(730)	(363)	8,951
Net cash used in financing activities		9,329	(16)	6,400
Effect of exchange rate changes on cash and cash equivalents		0	0	0
Net (decrease) increase in cash and cash equivalents		(191,739)	(150,322)	152,455
Cash and cash equivalents at beginning of year		249,203	399,525	247,070
Cash and cash equivalents at end of year	249,203	57,464	249,203	399,525
Subsidiary Guarantors \| Shred-it Partnership
Cash flows from investing activities:
Dividends received on equity method investment			0
Non- Guarantors
Cash flows from operating activities:
Net income		3,905	17,001	20,809
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation		9,365	10,425	13,264
Amortization of intangible assets		454	426	1,942
Stock-based compensation		0	0	0
Gain on Storage transactions		(3,239)	(7,460)
Loss (gain) on Shred-it		1,818	661	5,070
Gain on Shred-it		10,571
Shredding Transaction asset impairment charge				0
Shredding Transaction costs				0
Deferred income taxes		2,321	2,234	(262)
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net		(2,185)	1,282	(1,878)
Inventories, net		(2,454)	(487)	450
Uniforms and other rental items in service		(1,840)	(2,764)	(973)
Prepaid expenses and other current assets		116	(117)	53
Accounts payable		(4,884)	(98)	(18,374)
Accrued compensation and related liabilities		571	(1,337)	206
Accrued liabilities and other		155	6,322	(689)
Income taxes, current		(577)	(1,035)	2,690
Net cash provided by operating activities		14,097	25,053	22,308
Cash flows from investing activities:
Capital expenditures		(12,930)	(14,462)	(12,011)
Proceeds from redemption of marketable securities		434,179	161,938	48,537
Purchase of marketable securities and investments		(488,765)	(179,130)	(48,387)
Proceeds from Storage transactions, net of cash contributed		3,239	65,041
Proceeds from Shredding transactions, net of cash contributed		12,614	0	(641)
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		(25,793)	0	(20,242)
Other		1,897	3,705	12,173
Net cash provided by (used in) investing activities		(75,559)	37,092	(20,571)
Cash flows from financing activities:
Proceeds from issuance of debt		165	2,615	2,445
Repayment of debt		(365)	(2,280)	376
Proceeds from exercise of stock-based compensation awards		0	0	0
Dividends paid		(41)	(60)	(27)
Repurchase of common stock		0	0	0
Other		(732)	0	(14,324)
Net cash used in financing activities		(973)	275	(11,530)
Effect of exchange rate changes on cash and cash equivalents		(5,218)	(8,918)	(676)
Net (decrease) increase in cash and cash equivalents		(67,653)	53,502	(10,469)
Cash and cash equivalents at beginning of year		93,725	40,223	50,692
Cash and cash equivalents at end of year	$ 93,725	$ 26,072	93,725	$ 40,223
Non- Guarantors \| Shred-it Partnership
Cash flows from investing activities:
Dividends received on equity method investment			$ 0

Schedule II - Valuation and Q89

Schedule II - Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Thousands		12 Months Ended
		May 31, 2016	May 31, 2015	May 31, 2014
Allowance for Doubtful Accounts
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year		$ 15,674	$ 14,906	$ 15,855
Charged to Costs and Expense	[1]	8,646	5,718	5,607
Deductions	[2]	4,716	4,950	6,556
Balance at End of Year		19,604	15,674	14,906
Reserve for Obsolete Inventory
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year		30,707	30,673	29,487
Charged to Costs and Expense	[1]	5,219	3,278	3,147
Deductions	[2]	3,010	3,244	1,961
Balance at End of Year		$ 32,916	$ 30,707	$ 30,673

[1]	Represents amounts charged to expense to increase reserve for estimated future bad debts or to increase reserve for obsolete inventory. Amounts related to inventory are computed by performing a thorough analysis of future marketability by specific inventory item as well as an estimate based on Cintas' historical rates of obsolesence.
[2]	Represents reductions in the balance sheet reserve due to the actual write-off of non-collectible accounts receivable or the physical disposal of obsolete inventory items. These amounts do not impact Cintas' consolidated income statement.