Cintas (CTAS) 10-Q 6 Oct 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Aug. 31, 2017	Sep. 30, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	CINTAS CORP
Entity Central Index Key	723,254
Document Type	10-Q
Document Period End Date	Aug. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--05-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		106,304,385
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1

Consolidated Condensed Statemen

Consolidated Condensed Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Revenue:
Uniform rental and facility services	$ 1,311,784	$ 994,282
Other	299,719	272,368
Total revenue	1,611,503	1,266,650
Costs and expenses:
Cost of uniform rental and facility services	706,863	537,097
Cost of other	165,287	153,126
Selling and administrative expenses	486,283	369,703
G&K Services, Inc. transaction and integration expenses	3,971
G&K Services, Inc. transaction and integration expenses		2,787
Operating income	249,099	203,937
Interest income	(297)	(65)
Interest expense	30,317	14,172
Income before income taxes	219,079	189,830
Income taxes	57,971	53,622
Income from continuing operations	161,108	136,208
Income from discontinued operations, net of tax expense of $41,727 and $1,141, respectively	56,103	1,883
Net income	$ 217,211	$ 138,091
Basic earnings per share:
Continuing operations (in dollars per share)	$ 1.50	$ 1.27
Discontinued operations (in dollars per share)	0.52	0.02
Basic earnings per share (in dollars per share)	2.02	1.29
Diluted earnings per share:
Continuing operations (in dollars per share)	1.45	1.24
Discontinued operations (in dollars per share)	0.51	0.02
Diluted earnings per share (in dollars per share)	$ 1.96	$ 1.26

Consolidated Condensed Stateme3

Consolidated Condensed Statements of Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Income Statement [Abstract]
Income from discontinued operations, net of tax expense of $41,727 and $1,141, respectively	$ 41,727	$ 1,141

Consolidated Condensed Stateme4

Consolidated Condensed Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 217,211	$ 138,091
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	35,184	115
Change in fair value of cash flow hedges	0	(12,037)
Amortization of interest rate lock agreements	(172)	385
Change in fair value of available-for-sale securities	20	(1)
Other comprehensive income (loss)	35,032	(11,538)
Comprehensive income	$ 252,243	$ 126,553

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2017	May 31, 2017
Current assets:
Cash and cash equivalents	$ 191,414	$ 169,266
Marketable securities	21,626	22,219
Accounts receivable, net	731,577	736,008
Inventories, net	283,197	278,218
Uniforms and other rental items in service	654,249	635,702
Income taxes, current	0	44,320
Prepaid expenses and other current assets	42,490	30,132
Assets held for sale	0	38,613
Total current assets	1,924,553	1,954,478
Property and equipment, net	1,340,660	1,323,501
Investments	163,631	164,788
Goodwill	2,810,504	2,782,335
Service contracts, net	581,631	586,988
Other assets, net	30,627	31,967
Total assets	6,851,606	6,844,057
Current liabilities:
Accounts payable	189,571	177,051
Accrued compensation and related liabilities	119,252	149,635
Accrued liabilities	402,970	429,809
Income taxes, current	25,552	0
Debt due within one year	307,450	362,900
Liabilities held for sale	0	11,457
Total current liabilities	1,044,795	1,130,852
Long-term liabilities:
Debt due after one year	2,533,672	2,770,624
Deferred income taxes	521,774	469,328
Accrued liabilities	185,484	170,460
Total long-term liabilities	3,240,930	3,410,412
Shareholders’ equity:
Preferred stock, no par value: 100,000 shares authorized, none outstanding	0	0
Common stock, no par value: 425,000,000 shares authorized, FY 2018: 182,043,803 issued and 106,179,574 outstanding; FY 2017: 180,992,605 issued and 104,213,479 outstanding	586,364	485,068
Paid-in capital	168,514	223,924
Retained earnings	5,388,040	5,170,830
Treasury stock: FY 2018: 75,862,747 shares, FY 2017: 75,591,976 shares	(3,609,040)	(3,574,000)
Accumulated other comprehensive income (loss)	32,003	(3,029)
Total shareholders’ equity	2,565,881	2,302,793
Total liabilities and shareholders' equity	$ 6,851,606	$ 6,844,057

Consolidated Condensed Balance6

Consolidated Condensed Balance Sheets (Parenthetical) - shares	Aug. 31, 2017	May 31, 2017
Statement of Financial Position [Abstract]
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)	182,043,803	180,992,605
Common stock, shares outstanding (in shares)	106,179,574	105,400,629
Treasury stock, shares (in shares)	75,864,229	75,591,976

Consolidated Condensed Stateme7

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Cash flows from operating activities:
Net income	$ 217,211	$ 138,091
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	53,568	39,679
Amortization of intangible assets	14,941	3,489
Stock-based compensation	28,630	20,779
Gain on sale of business	(100,269)	0
Deferred income taxes	24,938	1,970
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	8,955	(22,946)
Inventories, net	(5,827)	(13,017)
Uniforms and other rental items in service	(13,058)	(1,872)
Prepaid expenses and other current assets	(16,011)	(5,655)
Accounts payable	17,684	17,480
Accrued compensation and related liabilities	(30,306)	(37,276)
Accrued liabilities and other	(16,218)	(23,676)
Income taxes, current	70,128	40,542
Net cash provided by operating activities	254,366	157,588
Cash flows from investing activities:
Capital expenditures	(62,517)	(78,580)
Proceeds from redemption of marketable securities	65,256	109,612
Purchase of marketable securities and investments	(58,022)	(119,729)
Proceeds from sale of business	128,511	0
Acquisitions of businesses	(302)	(10,991)
Other, net	(304)	(918)
Net cash provided by (used in) investing activities	72,622	(100,606)
Cash flows from financing activities:
(Payment) issuance of commercial paper, net	(43,000)	163,800
Repayment of debt	(250,000)	(250,000)
Prepaid short-term debt financing fees	0	(8,625)
Proceeds from exercise of stock-based compensation awards	17,256	16,282
Repurchase of common stock	(35,040)	(18,870)
Other, net	(649)	385
Net cash used in financing activities	(311,433)	(97,028)
Effect of exchange rate changes on cash and cash equivalents	6,593	(102)
Net increase (decrease) in cash and cash equivalents	22,148	(40,148)
Cash and cash equivalents at beginning of period	169,266	139,357
Cash and cash equivalents at end of period	$ 191,414	$ 99,209

Basis of Presentation

Basis of Presentation	3 Months Ended
	Aug. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The consolidated condensed financial statements of Cintas Corporation (Cintas, the Company, we, us or our) included herein have been prepared by Cintas, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to such rules and regulations. While we believe that the disclosures are adequately presented, we suggest that these consolidated condensed financial statements be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2017 . A summary of our significant accounting policies is presented beginning on page 38 of that report. There have been no material changes in the accounting policies followed by Cintas during the current fiscal year other than the adoption of new accounting pronouncements discussed in Note 2. Interim results are subject to variations and are not necessarily indicative of the results of operations for a full fiscal year. In the opinion of management, adjustments (which include only normal recurring adjustments) necessary for a fair statement of the consolidated results of the interim periods shown have been made. On March 21, 2017, Cintas completed the acquisition of G&K Services, Inc. (G&K) for consideration of approximately $2.1 billion . G&K is now a wholly-owned subsidiary of Cintas that operates within the Uniform Rental and Facility Services operating segment. To finance the G&K acquisition, Cintas used a combination of new senior notes, a term loan, other borrowings under its existing credit facility and cash on hand. G&K's results of operations are included in Cintas' consolidated financial statements as of and from the date of acquisition. During the three months ended August 31, 2017, Cintas sold a significant business, referred to as "Discontinued Services" and, as a result, its operations are classified as discontinued operations for all periods presented. See Note 13 entitled Discontinued Operations for more information. As disclosed in our Annual Report on Form 10-K for the fiscal year ended May 31, 2017 , inventories are valued at the lower of cost (first-in, first-out) or market. Inventory is comprised of the following amounts at: (In thousands) August 31, May 31, Raw materials $ 16,801 $ 17,528 Work in process 20,261 17,951 Finished goods 246,135 242,739 $ 283,197 $ 278,218

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Aug. 31, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2014-09, "Revenue from Contracts with Customers (Topic 606)," to clarify revenue recognition principles. This guidance is intended to improve disclosure requirements and enhance the comparability of revenue recognition practices. Improved disclosures under the amended guidance relate to the nature, amount, timing and uncertainty of revenue that is recognized from contracts with customers. This guidance will be effective for reporting periods beginning after December 15, 2017. A cross-functional implementation team has been established consisting of representatives from all of our operating segments. The implementation team is working to analyze the impact of the standard on Cintas' contract portfolio by reviewing current accounting policies and practices to identify potential differences that would result from applying the requirements of the new standard to revenue contracts. In addition, we are in the process of identifying and implementing the appropriate changes to business processes and controls to support recognition and disclosure under the new standard. Cintas plans to adopt the standard as of the first quarter of fiscal year 2019 using the modified retrospective adoption alternative under this standard and therefore it is anticipated we will record a cumulative adjustment to retained earnings as of June 1, 2018. Cintas is continuing to evaluate the impact of ASU 2014-09 and an estimate of the impact to the consolidated condensed financial statements cannot be made at this time. 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 condensed financial statements. In January 2017, the FASB issued ASU 2017-04, “Simplifying the Test for Goodwill Impairment.” ASU 2017-04 eliminates the two-step process that required identification of potential impairment and a separate measure of the actual impairment. Goodwill impairment charges, if any, would be determined by the difference between a reporting unit's carrying value and its fair value (impairment loss is limited to the carrying value). This standard is effective for annual or any interim goodwill impairment tests beginning after December 15, 2019. The adoption of this standard is not expected to have a material impact on the consolidated condensed financial statements. In March 2017, the FASB issued ASU 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Costs.” ASU 2017-07 requires the service component of pension and other postretirement benefit costs to be presented in the same line item as other employee compensation costs on the consolidated condensed statement of income; however, the other components of net benefit costs are required to be presented outside of operating income within the consolidated condensed statements of income. Cintas retrospectively adopted ASU 2017-07 on June 1, 2017. No other new accounting pronouncement recently issued or newly effective had or is expected to have a material impact on Cintas' consolidated condensed financial statements.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Aug. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements All financial instruments that are measured at fair value on a recurring basis have been classified within the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the consolidated condensed balance sheet date. These financial instruments measured at fair value on a recurring basis are summarized below: As of August 31, 2017 (In thousands) Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 191,414 $ — $ — $ 191,414 Marketable securities: Canadian treasury securities — 21,626 — 21,626 Total assets at fair value $ 191,414 $ 21,626 $ — $ 213,040 As of May 31, 2017 (In thousands) Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 169,266 $ — $ — $ 169,266 Marketable securities: Canadian treasury securities — 22,219 — 22,219 Total assets at fair value $ 169,266 $ 22,219 $ — $ 191,485 Cintas’ cash and cash equivalents and marketable securities are generally classified within Level 1 or Level 2 of the fair value hierarchy. Financial instruments classified as Level 1 are based on quoted market prices in active markets, and financial instruments classified as Level 2 are based on quoted market prices, broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency. The types of financial instruments Cintas classifies within Level 1 include most bank deposits and money market securities. Cintas does not adjust the quoted market price for such financial instruments. The types of financial instruments Cintas classifies within Level 2 are primarily high grade domestic commercial paper and Canadian treasury securities (federal). The valuation technique used for Cintas’ marketable securities classified within Level 2 of the fair value hierarchy is primarily the market approach. The primary inputs to value Cintas’ marketable securities are the respective instrument's future cash flows based on its stated yield and the amount a market participant would pay for a similar instrument. Primarily all of Cintas’ marketable securities are actively traded and the recorded fair value reflects current market conditions. However, due to the inherent volatility in the investment market, there is at least a possibility that recorded investment values may change in the near term. The funds invested in Canadian treasury securities are not presently expected to be repatriated, but instead are expected to be invested indefinitely in foreign subsidiaries. Interest, realized gains and losses and declines in value determined to be other than temporary on available-for-sale securities are included in interest income or expense. The cost of the securities sold is based on the specific identification method. The amortized cost basis of marketable securities as of August 31, 2017 and May 31, 2017 was $21.6 million and $22.2 million , respectively. All outstanding marketable securities as of August 31, 2017 and May 31, 2017 had contractual maturities due within one year. The methods described above may produce a fair value that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while Cintas believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the consolidated balance sheet dates. 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 G&K in the fourth quarter of fiscal 2017 was recorded at fair value. See Note 9 entitled Acquisitions for additional information on the measurement of the G&K assets acquired and liabilities assumed. There were no material acquisitions during the three months ended August 31, 2017 .

Investments

Investments	3 Months Ended
	Aug. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Investments at August 31, 2017 of $163.6 million include the cash surrender value of insurance policies of $143.4 million , equity method investments of $15.2 million and cost method investments of $5.0 million . Investments at May 31, 2017 of $164.8 million include the cash surrender value of insurance policies of $144.0 million , equity method investments of $15.8 million and cost method investments of $5.0 million . Investments are generally evaluated for impairment on an annual basis or when indicators of impairment exist. For the three months ended August 31, 2017 and 2016 , no impairment losses were recorded.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Aug. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share from continuing operations using the two-class method for amounts attributable to Cintas’ common shares: Three Months Ended (In thousands except per share data) August 31, August 31, Basic Earnings per Share from Continuing Operations Income from continuing operations $ 161,108 $ 136,208 Less: income from continuing operations allocated to participating securities 3,187 2,852 Income from continuing operations available to common shareholders $ 157,921 $ 133,356 Basic weighted average common shares outstanding 105,740 104,483 Basic earnings per share from continuing operations $ 1.50 $ 1.27 Three Months Ended (In thousands except per share data) August 31, August 31, Diluted Earnings per Share from Continuing Operations Income from continuing operations $ 161,108 $ 136,208 Less: income from continuing operations allocated to participating securities 3,187 2,852 Income from continuing operations available to common shareholders $ 157,921 $ 133,356 Basic weighted average common shares outstanding 105,740 104,483 Effect of dilutive securities – employee stock options 2,797 2,631 Diluted weighted average common shares outstanding 108,537 107,114 Diluted earnings per share from continuing operations $ 1.45 $ 1.24 For the three months ended August 31, 2017 , basic and diluted earnings per share from discontinued operations were $0.52 and $0.51 , respectively. Both basic and diluted earnings per share from discontinued operations were $0.02 for the three months ended August 31, 2016 . For the three months ended August 31, 2017 and August 31, 2016 , options granted to purchase 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 stock (anti-dilutive). On August 2, 2016, Cintas announced that the Board of Directors authorized a $500.0 million share buyback program, which does not have an expiration date. As of August 31, 2017 , no share buybacks have occurred under the August 2, 2016 program and there were no share buybacks under this program subsequent to August 31, 2017 through October 6, 2017 . For the three months ended August 31, 2017 , Cintas acquired 0.3 million shares of Cintas common stock for employee payroll taxes due on restricted stock awards that vested during the three months ended August 31, 2017 . These shares were acquired at an average price of $128.70 per share for a total purchase price of $35.0 million .

Goodwill, Service Contracts and

Goodwill, Service Contracts and Other Assets	3 Months Ended
	Aug. 31, 2017
Goodwill, Service Contracts and Other Assets [Abstract]
Goodwill, Service Contracts and Other Assets	Goodwill, Service Contracts and Other Assets Changes in the carrying amount of goodwill and service contracts for the three months ended August 31, 2017 , by reportable operating segment and All Other, are as follows: Goodwill (in thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Total Balance as of June 1, 2017 $ 2,448,070 $ 243,112 $ 91,153 $ 2,782,335 Goodwill acquired (1) 24,837 72 — 24,909 Foreign currency translation 1,646 1,552 62 3,260 Balance as of August 31, 2017 $ 2,474,553 $ 244,736 $ 91,215 $ 2,810,504 (1) Adjustments to the G&K preliminary purchase price allocation represent $24.8 million of the acquired goodwill in the Uniform Rental and Facility Services reportable operating segment. See Note 9 entitled Acquisitions for more information. Service Contracts (in thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Total Balance as of June 1, 2017 $ 529,923 $ 30,062 $ 27,003 $ 586,988 Service contracts acquired 32 411 12 455 Service contracts amortization (10,334 ) (958 ) (1,179 ) (12,471 ) Foreign currency translation 6,486 173 — 6,659 Balance as of August 31, 2017 $ 526,107 $ 29,688 $ 25,836 $ 581,631 Information regarding Cintas’ service contracts and other assets is as follows: As of August 31, 2017 (In thousands) Carrying Amount Accumulated Amortization Net Service contracts $ 920,101 $ 338,470 $ 581,631 Noncompete and consulting agreements $ 40,918 $ 39,516 $ 1,402 Other 35,419 6,194 29,225 Total other assets $ 76,337 $ 45,710 $ 30,627 As of May 31, 2017 (In thousands) Carrying Amount Accumulated Amortization Net Service contracts $ 911,273 $ 324,285 $ 586,988 Noncompete and consulting agreements $ 40,743 $ 39,244 $ 1,499 Other 34,890 4,422 30,468 Total other assets $ 75,633 $ 43,666 $ 31,967 Amortization expense for service contracts and other assets for continuing operations was $14.1 million and $3.2 million for the three months ended August 31, 2017 and 2016 , respectively. Estimated amortization expense for service contracts and other assets excluding any future acquisitions, for each of the next five full fiscal years is $61.4 million , $60.9 million , $59.5 million , $53.7 million and $51.7 million , respectively. The increase in amortization expense in the current year and for the next five years over past fiscal years is the result of the G&K acquisition.

Debt, Derivatives and Hedging A

Debt, Derivatives and Hedging Activities	3 Months Ended
	Aug. 31, 2017
Debt Disclosure [Abstract]
Debt, Derivatives and Hedging Activities	Debt, Derivatives and Hedging Activities Cintas' debt is summarized as follows: (In thousands) Interest Rate Fiscal Year Issued Fiscal Year Maturity August 31, 2017 May 31, 2017 Debt due within one year Senior notes 6.13 % 2008 2018 $ 300,000 $ 300,000 Commercial paper 1.40 % (1) Various Various 7,500 50,500 Current portion of term loan 2.00 % (2) 2017 2018 — 12,500 Debt issuance costs (50 ) (100 ) Total debt due within one year $ 307,450 $ 362,900 Debt due after one year Senior notes 4.30 % 2012 2022 250,000 250,000 Senior notes 2.90 % 2017 2022 650,000 650,000 Senior notes 3.25 % 2013 2023 300,000 300,000 Senior notes (3) 2.78 % 2013 2023 52,446 52,554 Senior notes (4) 3.11 % 2015 2025 52,560 52,645 Senior notes 3.70 % 2017 2027 1,000,000 1,000,000 Senior notes 6.15 % 2007 2037 250,000 250,000 Long-term portion of term loan 2.00 % (2) 2017 2022 — 237,500 Debt issuance costs (21,334 ) (22,075 ) Total debt due after one year $ 2,533,672 $ 2,770,624 (1) Variable rate debt instrument. The rate presented is the variable borrowing rate at August 31, 2017. (2) Variable rate debt instrument. The rate presented is the variable borrowing rate at May 31, 2017. (3) Cintas assumed these senior notes with the acquisition of G&K in the fourth quarter of fiscal 2017, and they were recorded at fair value. The interest rate shown above is the effective interest rate. The principal amount of these notes is $50.0 million with a stated interest rate of 3.73% . (4) Cintas assumed these senior notes with the acquisition of G&K in the fourth quarter of fiscal 2017, and they were recorded at fair value. The interest rate shown above is the effective interest rate. The principal amount of these notes is $50.0 million with a stated interest rate of 3.88% . Cintas' senior notes, excluding the G&K senior notes assumed with the acquisition of G&K in fiscal 2017, and term loan are recorded at cost, net of debt issuance costs. The fair value of the long-term debt is estimated using Level 2 inputs based on general market prices. The carrying value and fair value of Cintas' debt as of August 31, 2017 were $2,862.5 million and $3,025.9 million , respectively, and as of May 31, 2017 were $3,156.0 million and $3,296.8 million , respectively. During the three months ended August 31, 2017, Cintas made payments of $43.0 million , net on commercial paper borrowings and paid off the term loan balance of $250.0 million with cash on hand. The credit agreement that supports our commercial paper program was amended on September 16, 2016. The amendment increased the capacity of the revolving credit facility from $450.0 million to $600.0 million and added a $250.0 million term loan facility. The existing term loan facility was paid in full as of August 31, 2017. The credit agreement has an accordion feature that provides Cintas the ability to request increases to the borrowing commitments under either the revolving credit facility or a new term loan of up to $250.0 million in the aggregate, subject to customary conditions. The maturity date of the agreement is September 15, 2021. As of August 31, 2017 , there was $7.5 million of commercial paper outstanding with a weighted average interest rate of 1.40% and maturity dates less than 30 days and no borrowings on our revolving credit facility. As of May 31, 2017 , there was $50.5 million of commercial paper outstanding with a weighted average interest rate of 1.24% and maturity dates less than 30 days and no borrowings on our revolving credit facility. The fair value of the commercial paper is estimated using Level 2 inputs based on general market prices. Given its short-term nature, the carrying value of the outstanding commercial paper approximates fair value. Cintas uses interest rate locks to manage our overall interest expense as interest rate locks effectively change the interest rate of specific debt issuances. The interest rate locks are entered into to protect against unfavorable movements in the benchmark treasury rate related to forecasted debt issuances. 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 2012, fiscal 2013 and fiscal 2017. The amortization of the cash flow hedges resulted in a decrease to other comprehensive income of $0.2 million for the three months ended August 31, 2017 and an increase to other comprehensive income of $0.4 million for the three months ended August 31, 2016 . 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. 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. Cintas was in compliance with all debt covenants for all periods presented.

Income Taxes

Income Taxes	3 Months Ended
	Aug. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In the normal course of business, Cintas provides for uncertain tax positions and the related interest and adjusts its unrecognized tax benefits and accrued interest accordingly. As of August 31, 2017 and May 31, 2017, recorded unrecognized tax benefits were $13.7 million and $12.6 million , respectively, and are included in long-term accrued liabilities on the consolidated condensed balance sheet. The increase in the liability for the three months ended August 31, 2017 is primarily related to accrued interest on unrecognized tax benefits. All U.S. federal income tax returns are closed to audit through fiscal 2013. Cintas is currently in various audits in certain foreign jurisdictions and certain domestic states. The years under foreign and domestic state audits cover fiscal years back to 2013. Based on the resolution of the various audits and other potential regulatory developments, it is reasonably possible that the balance of unrecognized tax benefits would not change for the fiscal year ending May 31, 2018. The majority of Cintas' operations are in North America. Cintas is required to file federal income tax returns, as well as state income tax returns in a majority of the domestic states and also in certain Canadian provinces. At times, Cintas is subject to audits in these jurisdictions. The audits, by nature, are sometimes complex and can require several years to resolve. The final resolution of any such tax audit could result in either a reduction in Cintas' accruals or an increase in its income tax provision, either of which could have an impact on the consolidated condensed results of operations in any given period. Cintas’ effective tax rate for continuing operations was 26.5% and 28.2% for the three months ended August 31, 2017 and 2016, respectively. The effective tax rate for both periods was largely impacted by certain discrete items (primarily the tax accounting for stock-based compensation).

Acquisitions

Acquisitions	3 Months Ended
	Aug. 31, 2017
Business Combinations [Abstract]
Acquisitions	Acquisitions On March 21, 2017, Cintas acquired G&K for consideration of approximately $2.1 billion . Pursuant to the merger agreement among Cintas, G&K and Bravo Merger Sub, Inc., a wholly-owned subsidiary of Cintas, each share of common stock of G&K issued and outstanding immediately prior to the effective time of the G&K acquisition was canceled and converted into the right to receive $97.50 in cash. The total purchase price was $2,078.4 million , which was funded using a combination of new senior notes, a term loan, other borrowings under our existing credit facility and cash on hand. The net consideration transferred for G&K consisted of the following items: (In thousands) Cash consideration for common stock $ 1,901,845 (1) Cash consideration for share-based awards 62,257 (2) Cash consideration for G&K revolving debt 124,180 (3) Cash consideration for transaction expenses 24,529 (4) Total consideration 2,112,811 Cash acquired (34,393 ) (5) Net consideration transferred $ 2,078,418 (1) The cash consideration for outstanding shares of G&K common stock is the product of the agreed-upon cash per share price of $97.50 and total G&K outstanding shares of approximately 19.5 million . (2) The cash consideration for share-based awards is the product of the agreed-upon cash per share price of $97.50 and the total number of restricted stock outstanding and the “in the money” stock options net of the weighted average exercise price. (3) The cash consideration for G&K revolving debt reflects the repayment of the outstanding obligation. (4) Represents G&K legal and professional fees that were incurred prior to acquisition and were due upon the closing of the transaction. (5) Represents the G&K cash balance acquired at acquisition. Cintas accounted for the G&K acquisition using the acquisition method. The preliminary allocation of the purchase price was determined by management with the assistance of third-party valuation specialists and was based on estimates of the fair value of assets acquired and liabilities assumed as of March 21, 2017. In the three months ended August 31, 2017, $24.1 million of adjustments related to deferred taxes were made to the preliminary purchase price allocation. Cintas is continuing to evaluate information to determine the fair value of acquired assets and liabilities. As of August 31, 2017, the purchase price allocation for the acquisition was preliminary and subject to completion. The components of the preliminary purchase price allocation, at fair value, are as follows: Assets: Accounts receivable $ 95,846 Inventories 30,254 Uniforms and other rental items in service 93,659 Income taxes, current 14,626 Prepaid expenses and other current assets 43,235 Property and equipment 254,035 Goodwill 1,517,340 Service contracts 519,000 Trade names 17,000 Other assets 15,585 Liabilities: Accounts payable (53,220 ) Accrued compensation and related liabilities (9,594 ) Accrued liabilities (115,109 ) Long-term accrued liabilities (28,380 ) G&K senior notes (105,359 ) Deferred income taxes (210,500 ) Total consideration $ 2,078,418 The preliminary fair value of the intangible assets has been estimated using the income approach through a discounted cash flow analysis (except as noted below with respect to the trade names) with the cash flow projections discounted using a rate of 9.5% . The cash flows are based on estimates used to price the G&K acquisition, and the discount rates applied were benchmarked with reference to the implied rate of return from Cintas’ pricing model and the weighted average cost of capital. The G&K service contract intangible asset will be amortized over a period of 15 years , which represents the estimated useful life of the economic benefit and the asset amortization is based on the annual economic value of the underlying asset which generally decreases over the 15 -year term. The trade names represent the G&K corporate trade name and all of the branded variations thereof. Cintas applied the income approach through a relief from royalty method analysis to determine the preliminary fair value of the trade name assets. The table below sets forth the preliminary valuation and amortization period of identifiable intangible assets: Identifiable intangible assets: Preliminary Valuation Amortization Period Service contracts $ 519,000 15 years Trade names 17,000 3 years Total $ 536,000 Cintas estimated the preliminary fair value of the acquired property, plant and equipment using a combination of the cost and market approaches, depending on the type of asset. The preliminary fair value of property, plant and equipment consisted of real property of $141.8 million and personal property of $112.2 million . Goodwill is calculated as the excess of the consideration transferred over the net assets recognized and represents the estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. None of the goodwill is expected to be deductible for income tax purposes. The factors contributing to the recognition of the amount of goodwill are based on several strategic and synergistic benefits that are expected to be realized from the G&K acquisition. These benefits include improved service capabilities, an enhanced footprint in the markets that we serve, attractive synergy opportunities and value creation. The goodwill is entirely allocated to the Uniform Rental and Facility Services reportable operating segment. The following unaudited pro forma information presents the combined financial results for Cintas and G&K as if the G&K acquisition had been completed at the beginning of Cintas’ prior fiscal year, June 1, 2016. Prior to the acquisition, G&K used a 52-week or 53-week fiscal year ending on the Saturday nearest June 30. The pro forma financial information set forth below for the three months ended August 31, 2016 includes G&K's quarterly results for the period of July 2, 2016 through October 1, 2016 adjusted for number of working days in Cintas' first quarter of fiscal 2017. In thousands except per share data August 31, 2016 Net sales $ 1,511,378 Net income $ 146,413 Earnings per common share - diluted $ 1.34 The information above does not include the pro forma adjustments that would be required under Regulation S-X for pro forma financial information, and does not reflect future events that may occur after August 31, 2017 or any operating efficiencies or inefficiencies that may result from the G&K acquisition and related financing. Therefore, the information is not necessarily indicative of results that would have been achieved had the businesses been combined during the periods presented or the results that Cintas will experience going forward. 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 9.5% (income approach). Significant increases (decreases) in any of those unobservable inputs in isolation would result in a significantly lower (higher) fair value measurement. Management utilizes third-party valuation firms to assist in the determination of purchase accounting fair values, and specifically those considered Level 3 measurements. Management ultimately oversees the third-party valuation firms to ensure that the transaction-specific assumptions are appropriate for Cintas.

Pension Plans

Pension Plans	3 Months Ended
	Aug. 31, 2017
Retirement Benefits [Abstract]
Pension Plans	Pension Plans In conjunction with the acquisition of G&K, Cintas assumed G&K's noncontributory frozen defined benefit pension plan (the Pension Plan) that covers substantially all G&K employees who were employed as of July 1, 2005, except certain employees who were covered by union-administered plans. Benefits are based on the number of years of service and each employee’s compensation near retirement. We will make annual contributions to the Pension Plan consistent with federal funding requirements. The Pension Plan was frozen by G&K effective December 31, 2006. Future growth in benefits will not occur beyond this date. Applicable accounting standards require that the Consolidated Condensed Balance Sheet reflect the funded status of the Pension Plan. The funded status of the Pension Plan is measured as the difference between the plan assets at fair value and the projected benefit obligation. The net pension liability at August 31, 2017 is included in Long-Term Accrued Liabilities on the consolidated condensed balance sheet. Unrecognized differences between actual amounts and estimates based on actuarial assumptions are included in Accumulated Other Comprehensive Income in our consolidated condensed balance sheet. The difference between actual amounts and estimates based on actuarial assumptions are recognized in other comprehensive income in the period in which they occur. The Pension Plan assumptions are evaluated annually and are updated as deemed necessary. The components of net periodic pension cost recognized in other comprehensive income for the Pension Plan for the three months ended August 31, 2017 are as follows: (in thousands) August 31, 2017 Interest cost $ 711 Expected return on assets (716 ) Amortization of net loss — Total net periodic benefit cost $ (5 )

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Aug. 31, 2017
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 Income on Cash Flow Hedges Other Total Balance at June 1, 2017 $ (12,726 ) $ 11,382 $ (1,685 ) $ (3,029 ) Other comprehensive income before reclassifications 35,184 — 20 35,204 Amounts reclassified from accumulated other comprehensive income (loss) — (172 ) — (172 ) Net current period other comprehensive income (loss) 35,184 (172 ) 20 35,032 Balance at August 31, 2017 $ 22,458 $ 11,210 $ (1,665 ) $ 32,003 (In thousands) Foreign Currency Unrealized Loss on Cash Flow Hedges Other Total Balance at June 1, 2016 $ (2,474 ) $ (20,830 ) $ (1,570 ) $ (24,874 ) Other comprehensive income (loss) before reclassifications 115 (12,037 ) (1 ) (11,923 ) Amounts reclassified from accumulated other comprehensive income (loss) — 385 — 385 Net current period other comprehensive income (loss) 115 (11,652 ) (1 ) (11,538 ) Balance at August 31, 2016 $ (2,359 ) $ (32,482 ) $ (1,571 ) $ (36,412 ) The following table summarizes the reclassifications out of accumulated other comprehensive income (loss): Reclassifications out of Accumulated Other Comprehensive Income (Loss) Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line in the Consolidated Condensed Statements of Income Three Months Ended (In thousands) August 31, 2017 August 31, 2016 Amortization of interest rate locks $ 278 $ (615 ) Interest expense Tax (expense) benefit (106 ) 230 Income taxes Amortization of interest rate locks, net of tax $ 172 $ (385 ) Net income

Segment Information

Segment Information	3 Months Ended
	Aug. 31, 2017
Segment Reporting [Abstract]
Segment Information	Segment Information Cintas classifies its business into two reportable operating segments and places the remainder of its operating segments in an All Other category. Cintas’ two 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 of Fire Protection Services and its Uniform Direct Sale business, is included in All Other. Cintas evaluates the performance of each operating segment based on several factors of which the primary financial measures are operating segment revenue and income before income taxes. The accounting policies of the operating segments are the same as those described in Note 1 entitled Basis of Presentation. Information related to the operations of Cintas’ operating segments is set forth below: (In thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Corporate (1) Total As of and for the three months ended August 31, 2017 Revenue $ 1,311,784 $ 140,582 $ 159,137 $ — $ 1,611,503 Income (loss) before income taxes $ 218,910 $ 19,411 $ 10,778 $ (30,020 ) $ 219,079 Total assets $ 5,844,718 $ 456,391 $ 337,457 $ 213,040 $ 6,851,606 As of and for the three months ended August 31, 2016 Revenue $ 994,282 $ 124,839 $ 147,529 $ — $ 1,266,650 Income (loss) before income taxes $ 184,788 $ 11,511 $ 7,638 $ (14,107 ) $ 189,830 Total assets $ 3,191,835 $ 436,920 $ 328,687 $ 209,703 $ 4,167,145 (1) Corporate assets include cash and marketable securities in all periods. Corporate assets as of August 31, 2016 include the assets of Discontinued Services, which were classified as held for sale at May 31, 2017 and sold during the three months ended August 31, 2017.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Aug. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations During the three months ended August 31, 2017, Cintas sold a significant business, referred to as Discontinued Services, and received proceeds from the sale of $128.5 million . Cintas has the opportunity to receive 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. The results of Discontinued Services are included in discontinued operations for all periods presented. In accordance with the applicable accounting guidance for the disposal of long-lived assets and discontinued operations, the results of Discontinued Services have been excluded from both continuing operations and operating segment results for all periods presented. Following is selected financial information included in net income from discontinued operations for Discontinued Services: Three Months Ended (In thousands) August 31, 2017 August 31, 2016 (1) Revenue $ 10,773 $ 27,481 (Loss) income before income taxes (2,439 ) 3,024 Income tax benefit (expense) 902 (1,141 ) Gain on sale of business 100,269 — Income tax expense on gain (42,629 ) — Net income from discontinued operations $ 56,103 $ 1,883 (1) Results for the three months ended August 31, 2016 were previously included in continuing operations.

G&K Services, Inc. Transaction

G&K Services, Inc. Transaction and Integration Expenses	3 Months Ended
	Aug. 31, 2017
Business Combinations [Abstract]
G&K Services, Inc. Transaction and Integration Expenses	G&K Services, Inc. Transaction and Integration Expenses As a result of the acquisition of G&K in fiscal 2017, the Company incurred $4.0 million and $2.8 million in transaction and integration expenses during the three months ended August 31, 2017 and 2016, respectively. The costs incurred in the three months ended August 31, 2017 relate to $3.0 million of integration expenses directly related to the acquisition and $1.0 million of employee termination expenses recognized under ASC Topic 712, "Compensation - Nonretirement Postemployment Benefits". The costs incurred in the three months ended August 31, 2016 related to legal and professional fees directly related to the acquisition. As of August 31, 2017 and May 31, 2017, employee termination benefits included in accrued compensation and related liabilities was $20.1 million and $24.1 million , respectively. The amount of employee termination benefits paid during the three months ended August 31, 2017 was $5.2 million .

Supplemental Guarantor Informat

Supplemental Guarantor Information	3 Months Ended
	Aug. 31, 2017
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 $7.5 million aggregate principal amount of commercial paper and the $2,857.5 million aggregate principal amount of senior notes outstanding as of August 31, 2017 , which are unconditionally guaranteed, jointly and severally, by Cintas Corporation and certain wholly-owned, direct and indirect domestic subsidiaries. As allowed by SEC rules, the following consolidating condensed financial statements are provided as an alternative to filing separate financial statements of the guarantors. Each of the subsidiaries presented in the following consolidating condensed financial statements has been fully consolidated in Cintas’ consolidated condensed financial statements. The following consolidating condensed financial statements should be read in conjunction with the consolidated condensed financial statements of Cintas and notes thereto of which this note is an integral part. Consolidating condensed financial statements for Cintas, Corp. 2, the subsidiary guarantors and non-guarantors are presented on the following pages: Consolidating Condensed Income Statement Three Months Ended August 31, 2017 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 1,099,869 $ 164,895 $ 96,595 $ (49,575 ) $ 1,311,784 Other — 427,302 307 20,308 (148,198 ) 299,719 Equity in net income of affiliates 161,108 — — — (161,108 ) — 161,108 1,527,171 165,202 116,903 (358,881 ) 1,611,503 Costs and expenses (income): Cost of uniform rental and facility services — 622,148 99,019 60,517 (74,821 ) 706,863 Cost of other — 288,919 (19,669 ) 14,735 (118,698 ) 165,287 Selling and administrative expenses — 510,955 (47,538 ) 29,906 (7,040 ) 486,283 G&K Services, Inc. transaction and integration expenses — 1,521 2,435 15 — 3,971 Operating income 161,108 103,628 130,955 11,730 (158,322 ) 249,099 Interest income — (31 ) (99 ) (167 ) — (297 ) Interest expense (income) — 30,561 (139 ) (105 ) — 30,317 Income before income taxes 161,108 73,098 131,193 12,002 (158,322 ) 219,079 Income taxes — 19,570 35,123 3,297 (19 ) 57,971 Income from continuing operations 161,108 53,528 96,070 8,705 (158,303 ) 161,108 Income (loss) from discontinued operations, net of tax 56,103 65,002 (8,899 ) — (56,103 ) 56,103 Net income $ 217,211 $ 118,530 $ 87,171 $ 8,705 $ (214,406 ) $ 217,211 Consolidating Condensed Income Statement Three Months Ended August 31, 2016 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 831,960 $ 149,148 $ 57,663 $ (44,489 ) $ 994,282 Other — 388,082 968 18,875 (135,557 ) 272,368 Equity in net income of affiliates 136,208 — — — (136,208 ) — 136,208 1,220,042 150,116 76,538 (316,254 ) 1,266,650 Costs and expenses (income): Cost of uniform rental and facility services — 475,221 90,672 37,114 (65,910 ) 537,097 Cost of other — 263,726 (14,931 ) 13,828 (109,497 ) 153,126 Selling and administrative expenses — 407,611 (50,734 ) 20,265 (7,439 ) 369,703 G&K Services, Inc. transaction and integration expenses — — 2,787 — — 2,787 Operating income 136,208 73,484 122,322 5,331 (133,408 ) 203,937 Interest income — — (17 ) (48 ) — (65 ) Interest expense (income) — 14,827 (702 ) 47 — 14,172 Income before income taxes 136,208 58,657 123,041 5,332 (133,408 ) 189,830 Income taxes — 16,669 35,526 1,453 (26 ) 53,622 Income from continuing operations 136,208 41,988 87,515 3,879 (133,382 ) 136,208 Income from discontinued operations, net of tax 1,883 1,883 — — (1,883 ) 1,883 Net income $ 138,091 $ 43,871 $ 87,515 $ 3,879 $ (135,265 ) $ 138,091 Consolidating Condensed Statement of Comprehensive Income Three Months Ended August 31, 2017 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 217,211 $ 118,530 $ 87,171 $ 8,705 $ (214,406 ) $ 217,211 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments 35,184 — — 35,184 (35,184 ) 35,184 Amortization of interest rate lock agreements (172 ) (172 ) — — 172 (172 ) Change in fair value of available-for-sale securities 20 — — 20 (20 ) 20 Other comprehensive income (loss) 35,032 (172 ) — 35,204 (35,032 ) 35,032 Comprehensive income $ 252,243 $ 118,358 $ 87,171 $ 43,909 $ (249,438 ) $ 252,243 Consolidating Condensed Statement of Comprehensive Income Three Months Ended August 31, 2016 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 138,091 $ 43,871 $ 87,515 $ 3,879 $ (135,265 ) $ 138,091 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments 115 — — 115 (115 ) 115 Change in fair value of cash flow hedges (12,037 ) (12,037 ) — — 12,037 (12,037 ) Amortization of interest rate lock agreements 385 385 — — (385 ) 385 Change in fair value of available-for-sale securities (1 ) — — (1 ) 1 (1 ) Other comprehensive (loss) income (11,538 ) (11,652 ) — 114 11,538 (11,538 ) Comprehensive income $ 126,553 $ 32,219 $ 87,515 $ 3,993 $ (123,727 ) $ 126,553 Consolidating Condensed Balance Sheet As of August 31, 2017 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 47,909 $ 39,477 $ 104,028 $ — $ 191,414 Marketable securities — — — 21,626 — 21,626 Accounts receivable, net — 576,958 96,287 58,332 — 731,577 Inventories, net — 234,683 30,643 17,872 (1 ) 283,197 Uniforms and other rental items in service — 549,281 75,379 48,303 (18,714 ) 654,249 Prepaid expenses and other current assets — 8,419 32,879 1,192 — 42,490 Total current assets — 1,417,250 274,665 251,353 (18,715 ) 1,924,553 Property and equipment, net — 854,619 370,259 115,782 — 1,340,660 Investments (1) 321,083 3,594,123 939,833 1,713,071 (6,404,479 ) 163,631 Goodwill — — 2,757,258 53,358 (112 ) 2,810,504 Service contracts, net — 495,409 — 86,222 — 581,631 Other assets, net 1,779,551 15,201 3,459,273 25,610 (5,249,008 ) 30,627 $ 2,100,634 $ 6,376,602 $ 7,801,288 $ 2,245,396 $ (11,672,314 ) $ 6,851,606 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ (465,247 ) $ (1,426,249 ) $ 2,142,404 $ (99,292 ) $ 37,955 $ 189,571 Accrued compensation and related liabilities — 78,664 33,872 6,716 — 119,252 Accrued liabilities — 200,410 176,720 25,840 — 402,970 Income taxes, current — 3,745 24,661 (2,854 ) — 25,552 Debt due within one year — 307,450 — — — 307,450 Total current liabilities (465,247 ) (835,980 ) 2,377,657 (69,590 ) 37,955 1,044,795 Long-term liabilities: Debt due after one year — 2,533,282 — 390 — 2,533,672 Deferred income taxes — — 475,622 46,152 — 521,774 Accrued liabilities — 28,861 155,462 1,161 — 185,484 Total long-term liabilities — 2,562,143 631,084 47,703 — 3,240,930 Total shareholders’ equity 2,565,881 4,650,439 4,792,547 2,267,283 (11,710,269 ) 2,565,881 $ 2,100,634 $ 6,376,602 $ 7,801,288 $ 2,245,396 $ (11,672,314 ) $ 6,851,606 (1) Investments include inter company investment activity. Corp 2 and Subsidiary Guarantors hold $16.1 million and $147.5 million , respectively, of the $163.6 million consolidated net investments. Consolidating Condensed Balance Sheet As of May 31, 2017 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 48,658 $ 17,302 $ 103,306 $ — $ 169,266 Marketable securities — — — 22,219 — 22,219 Accounts receivable, net — 543,769 137,881 54,358 — 736,008 Inventories, net — 243,677 21,466 14,461 (1,386 ) 278,218 Uniforms and other rental items in service — 531,295 78,012 45,388 (18,993 ) 635,702 Income taxes, current — 16,173 25,138 3,009 — 44,320 Prepaid expenses and other current assets — 13,234 16,188 710 — 30,132 Assets held for sale — 23,095 15,518 — — 38,613 Total current assets — 1,419,901 311,505 243,451 (20,379 ) 1,954,478 Property and equipment, net — 851,018 364,724 107,759 — 1,323,501 Investments (1) 321,083 3,605,457 929,657 1,711,070 (6,402,479 ) 164,788 Goodwill — — 2,742,898 39,549 (112 ) 2,782,335 Service contracts, net — 505,698 — 81,290 — 586,988 Other assets, net 1,516,463 14,705 3,489,653 11,983 (5,000,837 ) 31,967 $ 1,837,546 $ 6,396,779 $ 7,838,437 $ 2,195,102 $ (11,423,807 ) $ 6,844,057 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ (465,247 ) $ (1,596,731 ) $ 2,292,388 $ (91,467 ) $ 38,108 $ 177,051 Accrued compensation and related liabilities — 94,505 42,866 12,264 — 149,635 Accrued liabilities — 191,819 219,303 18,687 — 429,809 Debt due within one year — 362,900 — — — 362,900 Liabilities held for sale — 11,457 — — — 11,457 Total current liabilities (465,247 ) (936,050 ) 2,554,557 (60,516 ) 38,108 1,130,852 Long-term liabilities: Debt due after one year — 2,770,234 — 390 — 2,770,624 Deferred income taxes — — 436,613 32,715 — 469,328 Accrued liabilities — 28,384 140,923 1,153 — 170,460 Total long-term liabilities — 2,798,618 577,536 34,258 — 3,410,412 Total shareholders’ equity 2,302,793 4,534,211 4,706,344 2,221,360 (11,461,915 ) 2,302,793 $ 1,837,546 $ 6,396,779 $ 7,838,437 $ 2,195,102 $ (11,423,807 ) $ 6,844,057 1) Investments include inter company investment activity. Corp 2 and Subsidiary Guarantors hold $29.0 million and $135.8 million , respectively, of the $164.8 million consolidated net investments. Consolidating Condensed Statement of Cash Flows Three Months Ended August 31, 2017 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 217,211 $ 118,530 $ 87,171 $ 8,705 $ (214,406 ) $ 217,211 Adjustments to reconcile net income to net cash provided by (used in) operating activities Depreciation — 32,658 17,613 3,297 — 53,568 Amortization of intangible assets — 11,722 1,273 1,946 — 14,941 Stock-based compensation 28,630 — — — — 28,630 Gain on sale of business — (115,787 ) 15,518 — — (100,269 ) Deferred income taxes — — 27,468 (2,530 ) — 24,938 Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (32,847 ) 37,443 4,359 — 8,955 Inventories, net — 7,262 (11,826 ) 122 (1,385 ) (5,827 ) Uniforms and other rental items in service — (16,077 ) 818 2,480 (279 ) (13,058 ) Prepaid expenses and other current assets — 966 (17,353 ) 376 — (16,011 ) Accounts payable — 137,191 (110,445 ) (8,909 ) (153 ) 17,684 Accrued compensation and related liabilities — (15,841 ) (14,403 ) (62 ) — (30,306 ) Accrued liabilities and other — (19,869 ) 6,704 (3,053 ) — (16,218 ) Income taxes, current — 20,069 49,407 652 — 70,128 Net cash provided by operating activities 245,841 127,977 89,388 7,383 (216,223 ) 254,366 Cash flows from investing activities: Capital expenditures — (36,267 ) (31,327 ) 5,077 — (62,517 ) Proceeds from redemption of marketable securities and investments — 12,400 — 52,856 — 65,256 Purchase of marketable securities and investments — 2,724 (12,223 ) (50,523 ) 2,000 (58,022 ) Proceeds from sale of business — 128,511 — — — 128,511 Acquisitions of businesses — (302 ) — — — (302 ) Other, net (228,057 ) 57,686 (23,492 ) (20,664 ) 214,223 (304 ) Net cash (used in) provided by investing activities (228,057 ) 164,752 (67,042 ) (13,254 ) 216,223 72,622 Cash flows from financing activities: Payments on commercial paper, net — (43,000 ) — — — (43,000 ) Repayment of debt — (250,000 ) — — — (250,000 ) Proceeds from exercise of stock-based compensation awards 17,256 — — — — 17,256 Repurchase of common stock (35,040 ) — — — — (35,040 ) Other, net — (478 ) (171 ) — — (649 ) Net cash used in financing activities (17,784 ) (293,478 ) (171 ) — — (311,433 ) Effect of exchange rate changes on cash and cash equivalents — — — 6,593 — 6,593 Net (decrease) increase in cash and cash equivalents — (749 ) 22,175 722 — 22,148 Cash and cash equivalents at beginning of period — 48,658 17,302 103,306 — 169,266 Cash and cash equivalents at end of period $ — $ 47,909 $ 39,477 $ 104,028 $ — $ 191,414 Consolidating Condensed Statement of Cash Flows Three Months Ended August 31, 2016 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 138,091 $ 43,871 $ 87,515 $ 3,879 $ (135,265 ) $ 138,091 Adjustments to reconcile net income to net cash provided by (used in) operating activities Depreciation — 25,755 11,441 2,483 — 39,679 Amortization of intangible assets — 3,194 88 207 — 3,489 Stock-based compensation 20,779 — — — — 20,779 Deferred income taxes — (1,050 ) 3,227 (207 ) — 1,970 Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (21,693 ) (612 ) (641 ) — (22,946 ) Inventories, net — (11,331 ) 1,807 (957 ) (2,536 ) (13,017 ) Uniforms and other rental items in service — 950 (2,718 ) 301 (405 ) (1,872 ) Prepaid expenses and other current assets — (63 ) (5,419 ) (173 ) — (5,655 ) Accounts payable — (58,018 ) 74,361 1,022 115 17,480 Accrued compensation and related liabilities — (25,961 ) (10,170 ) (1,145 ) — (37,276 ) Accrued liabilities and other — (2,906 ) (19,352 ) (1,418 ) — (23,676 ) Income taxes, current — 3,163 37,145 234 — 40,542 Net cash provided by (used in) operating activities 158,870 (44,089 ) 177,313 3,585 (138,091 ) 157,588 Cash flows from investing activities: Capital expenditures — (43,130 ) (30,268 ) (5,182 ) — (78,580 ) Proceeds from redemption of marketable securities — — — 109,612 — 109,612 Purchase of marketable securities and investments — (4,161 ) (29,496 ) (103,805 ) 17,733 (119,729 ) Acquisitions of businesses, net of cash acquired — (905 ) 60 (10,146 ) — (10,991 ) Other, net (156,282 ) 166,037 (132,771 ) 1,740 120,358 (918 ) Net cash (used in) provided by investing activities (156,282 ) 117,841 (192,475 ) (7,781 ) 138,091 (100,606 ) Cash flows from financing activities: Issuance of commercial paper, net — 163,800 — — — 163,800 Proceeds from issuance of debt — — (2,000 ) 2,000 — — Repayment of debt — (250,000 ) — — — (250,000 ) Prepaid short-term debt financing fees — (8,625 ) — — — (8,625 ) Proceeds from exercise of stock-based compensation awards 16,282 — — — — 16,282 Repurchase of common stock (18,870 ) — — — — (18,870 ) Other, net — 385 — — — 385 Net cash (used in) provided by financing activities (2,588 ) (94,440 ) (2,000 ) 2,000 — (97,028 ) Effect of exchange rate changes on cash and cash equivalents — — — (102 ) — (102 ) Net decrease in cash and cash equivalents — (20,688 ) (17,162 ) (2,298 ) — (40,148 ) Cash and cash equivalents at beginning of period — 57,893 55,392 26,072 — 139,357 Cash and cash equivalents at end of period $ — $ 37,205 $ 38,230 $ 23,774 $ — $ 99,209

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	3 Months Ended
	Aug. 31, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2014-09, "Revenue from Contracts with Customers (Topic 606)," to clarify revenue recognition principles. This guidance is intended to improve disclosure requirements and enhance the comparability of revenue recognition practices. Improved disclosures under the amended guidance relate to the nature, amount, timing and uncertainty of revenue that is recognized from contracts with customers. This guidance will be effective for reporting periods beginning after December 15, 2017. A cross-functional implementation team has been established consisting of representatives from all of our operating segments. The implementation team is working to analyze the impact of the standard on Cintas' contract portfolio by reviewing current accounting policies and practices to identify potential differences that would result from applying the requirements of the new standard to revenue contracts. In addition, we are in the process of identifying and implementing the appropriate changes to business processes and controls to support recognition and disclosure under the new standard. Cintas plans to adopt the standard as of the first quarter of fiscal year 2019 using the modified retrospective adoption alternative under this standard and therefore it is anticipated we will record a cumulative adjustment to retained earnings as of June 1, 2018. Cintas is continuing to evaluate the impact of ASU 2014-09 and an estimate of the impact to the consolidated condensed financial statements cannot be made at this time. 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 condensed financial statements. In January 2017, the FASB issued ASU 2017-04, “Simplifying the Test for Goodwill Impairment.” ASU 2017-04 eliminates the two-step process that required identification of potential impairment and a separate measure of the actual impairment. Goodwill impairment charges, if any, would be determined by the difference between a reporting unit's carrying value and its fair value (impairment loss is limited to the carrying value). This standard is effective for annual or any interim goodwill impairment tests beginning after December 15, 2019. The adoption of this standard is not expected to have a material impact on the consolidated condensed financial statements. In March 2017, the FASB issued ASU 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Costs.” ASU 2017-07 requires the service component of pension and other postretirement benefit costs to be presented in the same line item as other employee compensation costs on the consolidated condensed statement of income; however, the other components of net benefit costs are required to be presented outside of operating income within the consolidated condensed statements of income. Cintas retrospectively adopted ASU 2017-07 on June 1, 2017. No other new accounting pronouncement recently issued or newly effective had or is expected to have a material impact on Cintas' consolidated condensed financial statements.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Aug. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Inventory	Inventory is comprised of the following amounts at: (In thousands) August 31, May 31, Raw materials $ 16,801 $ 17,528 Work in process 20,261 17,951 Finished goods 246,135 242,739 $ 283,197 $ 278,218

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Aug. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Instruments Measured on a Recurring Basis	These financial instruments measured at fair value on a recurring basis are summarized below: As of August 31, 2017 (In thousands) Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 191,414 $ — $ — $ 191,414 Marketable securities: Canadian treasury securities — 21,626 — 21,626 Total assets at fair value $ 191,414 $ 21,626 $ — $ 213,040 As of May 31, 2017 (In thousands) Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 169,266 $ — $ — $ 169,266 Marketable securities: Canadian treasury securities — 22,219 — 22,219 Total assets at fair value $ 169,266 $ 22,219 $ — $ 191,485

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Aug. 31, 2017
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share from continuing operations using the two-class method for amounts attributable to Cintas’ common shares: Three Months Ended (In thousands except per share data) August 31, August 31, Basic Earnings per Share from Continuing Operations Income from continuing operations $ 161,108 $ 136,208 Less: income from continuing operations allocated to participating securities 3,187 2,852 Income from continuing operations available to common shareholders $ 157,921 $ 133,356 Basic weighted average common shares outstanding 105,740 104,483 Basic earnings per share from continuing operations $ 1.50 $ 1.27 Three Months Ended (In thousands except per share data) August 31, August 31, Diluted Earnings per Share from Continuing Operations Income from continuing operations $ 161,108 $ 136,208 Less: income from continuing operations allocated to participating securities 3,187 2,852 Income from continuing operations available to common shareholders $ 157,921 $ 133,356 Basic weighted average common shares outstanding 105,740 104,483 Effect of dilutive securities – employee stock options 2,797 2,631 Diluted weighted average common shares outstanding 108,537 107,114 Diluted earnings per share from continuing operations $ 1.45 $ 1.24

Goodwill, Service Contracts a27

Goodwill, Service Contracts and Other Assets (Tables)	3 Months Ended
	Aug. 31, 2017
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 three months ended August 31, 2017 , by reportable operating segment and All Other, are as follows: Goodwill (in thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Total Balance as of June 1, 2017 $ 2,448,070 $ 243,112 $ 91,153 $ 2,782,335 Goodwill acquired (1) 24,837 72 — 24,909 Foreign currency translation 1,646 1,552 62 3,260 Balance as of August 31, 2017 $ 2,474,553 $ 244,736 $ 91,215 $ 2,810,504 (1) Adjustments to the G&K preliminary purchase price allocation represent $24.8 million of the acquired goodwill in the Uniform Rental and Facility Services reportable operating segment. See Note 9 entitled Acquisitions for more information.
Changes in the Carrying Amount of Service Contracts by Operating Segment	Service Contracts (in thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Total Balance as of June 1, 2017 $ 529,923 $ 30,062 $ 27,003 $ 586,988 Service contracts acquired 32 411 12 455 Service contracts amortization (10,334 ) (958 ) (1,179 ) (12,471 ) Foreign currency translation 6,486 173 — 6,659 Balance as of August 31, 2017 $ 526,107 $ 29,688 $ 25,836 $ 581,631
Information Regarding Service Contracts and Other Assets	Information regarding Cintas’ service contracts and other assets is as follows: As of August 31, 2017 (In thousands) Carrying Amount Accumulated Amortization Net Service contracts $ 920,101 $ 338,470 $ 581,631 Noncompete and consulting agreements $ 40,918 $ 39,516 $ 1,402 Other 35,419 6,194 29,225 Total other assets $ 76,337 $ 45,710 $ 30,627 As of May 31, 2017 (In thousands) Carrying Amount Accumulated Amortization Net Service contracts $ 911,273 $ 324,285 $ 586,988 Noncompete and consulting agreements $ 40,743 $ 39,244 $ 1,499 Other 34,890 4,422 30,468 Total other assets $ 75,633 $ 43,666 $ 31,967

Debt, Derivatives and Hedging28

Debt, Derivatives and Hedging Activities (Tables)	3 Months Ended
	Aug. 31, 2017
Debt Disclosure [Abstract]
Summary of Debt Outstanding	Cintas' debt is summarized as follows: (In thousands) Interest Rate Fiscal Year Issued Fiscal Year Maturity August 31, 2017 May 31, 2017 Debt due within one year Senior notes 6.13 % 2008 2018 $ 300,000 $ 300,000 Commercial paper 1.40 % (1) Various Various 7,500 50,500 Current portion of term loan 2.00 % (2) 2017 2018 — 12,500 Debt issuance costs (50 ) (100 ) Total debt due within one year $ 307,450 $ 362,900 Debt due after one year Senior notes 4.30 % 2012 2022 250,000 250,000 Senior notes 2.90 % 2017 2022 650,000 650,000 Senior notes 3.25 % 2013 2023 300,000 300,000 Senior notes (3) 2.78 % 2013 2023 52,446 52,554 Senior notes (4) 3.11 % 2015 2025 52,560 52,645 Senior notes 3.70 % 2017 2027 1,000,000 1,000,000 Senior notes 6.15 % 2007 2037 250,000 250,000 Long-term portion of term loan 2.00 % (2) 2017 2022 — 237,500 Debt issuance costs (21,334 ) (22,075 ) Total debt due after one year $ 2,533,672 $ 2,770,624 (1) Variable rate debt instrument. The rate presented is the variable borrowing rate at August 31, 2017. (2) Variable rate debt instrument. The rate presented is the variable borrowing rate at May 31, 2017. (3) Cintas assumed these senior notes with the acquisition of G&K in the fourth quarter of fiscal 2017, and they were recorded at fair value. The interest rate shown above is the effective interest rate. The principal amount of these notes is $50.0 million with a stated interest rate of 3.73% . (4) Cintas assumed these senior notes with the acquisition of G&K in the fourth quarter of fiscal 2017, and they were recorded at fair value. The interest rate shown above is the effective interest rate. The principal amount of these notes is $50.0 million with a stated interest rate of 3.88% .

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Aug. 31, 2017
Business Combinations [Abstract]
Schedule of Assets Acquired and Liabilities Assumed	The total purchase price was $2,078.4 million , which was funded using a combination of new senior notes, a term loan, other borrowings under our existing credit facility and cash on hand. The net consideration transferred for G&K consisted of the following items: (In thousands) Cash consideration for common stock $ 1,901,845 (1) Cash consideration for share-based awards 62,257 (2) Cash consideration for G&K revolving debt 124,180 (3) Cash consideration for transaction expenses 24,529 (4) Total consideration 2,112,811 Cash acquired (34,393 ) (5) Net consideration transferred $ 2,078,418 (1) The cash consideration for outstanding shares of G&K common stock is the product of the agreed-upon cash per share price of $97.50 and total G&K outstanding shares of approximately 19.5 million . (2) The cash consideration for share-based awards is the product of the agreed-upon cash per share price of $97.50 and the total number of restricted stock outstanding and the “in the money” stock options net of the weighted average exercise price. (3) The cash consideration for G&K revolving debt reflects the repayment of the outstanding obligation. (4) Represents G&K legal and professional fees that were incurred prior to acquisition and were due upon the closing of the transaction. (5) Represents the G&K cash balance acquired at acquisition. The components of the preliminary purchase price allocation, at fair value, are as follows: Assets: Accounts receivable $ 95,846 Inventories 30,254 Uniforms and other rental items in service 93,659 Income taxes, current 14,626 Prepaid expenses and other current assets 43,235 Property and equipment 254,035 Goodwill 1,517,340 Service contracts 519,000 Trade names 17,000 Other assets 15,585 Liabilities: Accounts payable (53,220 ) Accrued compensation and related liabilities (9,594 ) Accrued liabilities (115,109 ) Long-term accrued liabilities (28,380 ) G&K senior notes (105,359 ) Deferred income taxes (210,500 ) Total consideration $ 2,078,418
Schedule of Preliminary Valuation and Amortization Period of Identifiable Intangible Assets	The table below sets forth the preliminary valuation and amortization period of identifiable intangible assets: Identifiable intangible assets: Preliminary Valuation Amortization Period Service contracts $ 519,000 15 years Trade names 17,000 3 years Total $ 536,000
Schedule of Pro Forma Financial Information	The pro forma financial information set forth below for the three months ended August 31, 2016 includes G&K's quarterly results for the period of July 2, 2016 through October 1, 2016 adjusted for number of working days in Cintas' first quarter of fiscal 2017. In thousands except per share data August 31, 2016 Net sales $ 1,511,378 Net income $ 146,413 Earnings per common share - diluted $ 1.34

Pension Plans (Tables)

Pension Plans (Tables)	3 Months Ended
	Aug. 31, 2017
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Cost	The components of net periodic pension cost recognized in other comprehensive income for the Pension Plan for the three months ended August 31, 2017 are as follows: (in thousands) August 31, 2017 Interest cost $ 711 Expected return on assets (716 ) Amortization of net loss — Total net periodic benefit cost $ (5 )

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Aug. 31, 2017
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive income (loss), net of tax: (In thousands) Foreign Currency Unrealized Income on Cash Flow Hedges Other Total Balance at June 1, 2017 $ (12,726 ) $ 11,382 $ (1,685 ) $ (3,029 ) Other comprehensive income before reclassifications 35,184 — 20 35,204 Amounts reclassified from accumulated other comprehensive income (loss) — (172 ) — (172 ) Net current period other comprehensive income (loss) 35,184 (172 ) 20 35,032 Balance at August 31, 2017 $ 22,458 $ 11,210 $ (1,665 ) $ 32,003 (In thousands) Foreign Currency Unrealized Loss on Cash Flow Hedges Other Total Balance at June 1, 2016 $ (2,474 ) $ (20,830 ) $ (1,570 ) $ (24,874 ) Other comprehensive income (loss) before reclassifications 115 (12,037 ) (1 ) (11,923 ) Amounts reclassified from accumulated other comprehensive income (loss) — 385 — 385 Net current period other comprehensive income (loss) 115 (11,652 ) (1 ) (11,538 ) Balance at August 31, 2016 $ (2,359 ) $ (32,482 ) $ (1,571 ) $ (36,412 )
Schedule of Reclassifications Out of Accumulated Other Comprehensive Loss	The following table summarizes the reclassifications out of accumulated other comprehensive income (loss): Reclassifications out of Accumulated Other Comprehensive Income (Loss) Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line in the Consolidated Condensed Statements of Income Three Months Ended (In thousands) August 31, 2017 August 31, 2016 Amortization of interest rate locks $ 278 $ (615 ) Interest expense Tax (expense) benefit (106 ) 230 Income taxes Amortization of interest rate locks, net of tax $ 172 $ (385 ) Net income

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Aug. 31, 2017
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 As of and for the three months ended August 31, 2017 Revenue $ 1,311,784 $ 140,582 $ 159,137 $ — $ 1,611,503 Income (loss) before income taxes $ 218,910 $ 19,411 $ 10,778 $ (30,020 ) $ 219,079 Total assets $ 5,844,718 $ 456,391 $ 337,457 $ 213,040 $ 6,851,606 As of and for the three months ended August 31, 2016 Revenue $ 994,282 $ 124,839 $ 147,529 $ — $ 1,266,650 Income (loss) before income taxes $ 184,788 $ 11,511 $ 7,638 $ (14,107 ) $ 189,830 Total assets $ 3,191,835 $ 436,920 $ 328,687 $ 209,703 $ 4,167,145 (1) Corporate assets include cash and marketable securities in all periods. Corporate assets as of August 31, 2016 include the assets of Discontinued Services, which were classified as held for sale at May 31, 2017 and sold during the three months ended August 31, 2017.

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Aug. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	Following is selected financial information included in net income from discontinued operations for Discontinued Services: Three Months Ended (In thousands) August 31, 2017 August 31, 2016 (1) Revenue $ 10,773 $ 27,481 (Loss) income before income taxes (2,439 ) 3,024 Income tax benefit (expense) 902 (1,141 ) Gain on sale of business 100,269 — Income tax expense on gain (42,629 ) — Net income from discontinued operations $ 56,103 $ 1,883 (1) Results for the three months ended August 31, 2016 were previously included in continuing operations.

Supplemental Guarantor Inform34

Supplemental Guarantor Information (Tables)	3 Months Ended
	Aug. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Consolidating Condensed Income Statement	Consolidating Condensed Income Statement Three Months Ended August 31, 2017 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 1,099,869 $ 164,895 $ 96,595 $ (49,575 ) $ 1,311,784 Other — 427,302 307 20,308 (148,198 ) 299,719 Equity in net income of affiliates 161,108 — — — (161,108 ) — 161,108 1,527,171 165,202 116,903 (358,881 ) 1,611,503 Costs and expenses (income): Cost of uniform rental and facility services — 622,148 99,019 60,517 (74,821 ) 706,863 Cost of other — 288,919 (19,669 ) 14,735 (118,698 ) 165,287 Selling and administrative expenses — 510,955 (47,538 ) 29,906 (7,040 ) 486,283 G&K Services, Inc. transaction and integration expenses — 1,521 2,435 15 — 3,971 Operating income 161,108 103,628 130,955 11,730 (158,322 ) 249,099 Interest income — (31 ) (99 ) (167 ) — (297 ) Interest expense (income) — 30,561 (139 ) (105 ) — 30,317 Income before income taxes 161,108 73,098 131,193 12,002 (158,322 ) 219,079 Income taxes — 19,570 35,123 3,297 (19 ) 57,971 Income from continuing operations 161,108 53,528 96,070 8,705 (158,303 ) 161,108 Income (loss) from discontinued operations, net of tax 56,103 65,002 (8,899 ) — (56,103 ) 56,103 Net income $ 217,211 $ 118,530 $ 87,171 $ 8,705 $ (214,406 ) $ 217,211 Consolidating Condensed Income Statement Three Months Ended August 31, 2016 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 831,960 $ 149,148 $ 57,663 $ (44,489 ) $ 994,282 Other — 388,082 968 18,875 (135,557 ) 272,368 Equity in net income of affiliates 136,208 — — — (136,208 ) — 136,208 1,220,042 150,116 76,538 (316,254 ) 1,266,650 Costs and expenses (income): Cost of uniform rental and facility services — 475,221 90,672 37,114 (65,910 ) 537,097 Cost of other — 263,726 (14,931 ) 13,828 (109,497 ) 153,126 Selling and administrative expenses — 407,611 (50,734 ) 20,265 (7,439 ) 369,703 G&K Services, Inc. transaction and integration expenses — — 2,787 — — 2,787 Operating income 136,208 73,484 122,322 5,331 (133,408 ) 203,937 Interest income — — (17 ) (48 ) — (65 ) Interest expense (income) — 14,827 (702 ) 47 — 14,172 Income before income taxes 136,208 58,657 123,041 5,332 (133,408 ) 189,830 Income taxes — 16,669 35,526 1,453 (26 ) 53,622 Income from continuing operations 136,208 41,988 87,515 3,879 (133,382 ) 136,208 Income from discontinued operations, net of tax 1,883 1,883 — — (1,883 ) 1,883 Net income $ 138,091 $ 43,871 $ 87,515 $ 3,879 $ (135,265 ) $ 138,091
Consolidating Condensed Statement of Comprehensive Income	Consolidating Condensed Statement of Comprehensive Income Three Months Ended August 31, 2017 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 217,211 $ 118,530 $ 87,171 $ 8,705 $ (214,406 ) $ 217,211 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments 35,184 — — 35,184 (35,184 ) 35,184 Amortization of interest rate lock agreements (172 ) (172 ) — — 172 (172 ) Change in fair value of available-for-sale securities 20 — — 20 (20 ) 20 Other comprehensive income (loss) 35,032 (172 ) — 35,204 (35,032 ) 35,032 Comprehensive income $ 252,243 $ 118,358 $ 87,171 $ 43,909 $ (249,438 ) $ 252,243 Consolidating Condensed Statement of Comprehensive Income Three Months Ended August 31, 2016 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 138,091 $ 43,871 $ 87,515 $ 3,879 $ (135,265 ) $ 138,091 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments 115 — — 115 (115 ) 115 Change in fair value of cash flow hedges (12,037 ) (12,037 ) — — 12,037 (12,037 ) Amortization of interest rate lock agreements 385 385 — — (385 ) 385 Change in fair value of available-for-sale securities (1 ) — — (1 ) 1 (1 ) Other comprehensive (loss) income (11,538 ) (11,652 ) — 114 11,538 (11,538 ) Comprehensive income $ 126,553 $ 32,219 $ 87,515 $ 3,993 $ (123,727 ) $ 126,553
Consolidating Condensed Balance Sheet	Consolidating Condensed Balance Sheet As of August 31, 2017 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 47,909 $ 39,477 $ 104,028 $ — $ 191,414 Marketable securities — — — 21,626 — 21,626 Accounts receivable, net — 576,958 96,287 58,332 — 731,577 Inventories, net — 234,683 30,643 17,872 (1 ) 283,197 Uniforms and other rental items in service — 549,281 75,379 48,303 (18,714 ) 654,249 Prepaid expenses and other current assets — 8,419 32,879 1,192 — 42,490 Total current assets — 1,417,250 274,665 251,353 (18,715 ) 1,924,553 Property and equipment, net — 854,619 370,259 115,782 — 1,340,660 Investments (1) 321,083 3,594,123 939,833 1,713,071 (6,404,479 ) 163,631 Goodwill — — 2,757,258 53,358 (112 ) 2,810,504 Service contracts, net — 495,409 — 86,222 — 581,631 Other assets, net 1,779,551 15,201 3,459,273 25,610 (5,249,008 ) 30,627 $ 2,100,634 $ 6,376,602 $ 7,801,288 $ 2,245,396 $ (11,672,314 ) $ 6,851,606 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ (465,247 ) $ (1,426,249 ) $ 2,142,404 $ (99,292 ) $ 37,955 $ 189,571 Accrued compensation and related liabilities — 78,664 33,872 6,716 — 119,252 Accrued liabilities — 200,410 176,720 25,840 — 402,970 Income taxes, current — 3,745 24,661 (2,854 ) — 25,552 Debt due within one year — 307,450 — — — 307,450 Total current liabilities (465,247 ) (835,980 ) 2,377,657 (69,590 ) 37,955 1,044,795 Long-term liabilities: Debt due after one year — 2,533,282 — 390 — 2,533,672 Deferred income taxes — — 475,622 46,152 — 521,774 Accrued liabilities — 28,861 155,462 1,161 — 185,484 Total long-term liabilities — 2,562,143 631,084 47,703 — 3,240,930 Total shareholders’ equity 2,565,881 4,650,439 4,792,547 2,267,283 (11,710,269 ) 2,565,881 $ 2,100,634 $ 6,376,602 $ 7,801,288 $ 2,245,396 $ (11,672,314 ) $ 6,851,606 (1) Investments include inter company investment activity. Corp 2 and Subsidiary Guarantors hold $16.1 million and $147.5 million , respectively, of the $163.6 million consolidated net investments. Consolidating Condensed Balance Sheet As of May 31, 2017 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 48,658 $ 17,302 $ 103,306 $ — $ 169,266 Marketable securities — — — 22,219 — 22,219 Accounts receivable, net — 543,769 137,881 54,358 — 736,008 Inventories, net — 243,677 21,466 14,461 (1,386 ) 278,218 Uniforms and other rental items in service — 531,295 78,012 45,388 (18,993 ) 635,702 Income taxes, current — 16,173 25,138 3,009 — 44,320 Prepaid expenses and other current assets — 13,234 16,188 710 — 30,132 Assets held for sale — 23,095 15,518 — — 38,613 Total current assets — 1,419,901 311,505 243,451 (20,379 ) 1,954,478 Property and equipment, net — 851,018 364,724 107,759 — 1,323,501 Investments (1) 321,083 3,605,457 929,657 1,711,070 (6,402,479 ) 164,788 Goodwill — — 2,742,898 39,549 (112 ) 2,782,335 Service contracts, net — 505,698 — 81,290 — 586,988 Other assets, net 1,516,463 14,705 3,489,653 11,983 (5,000,837 ) 31,967 $ 1,837,546 $ 6,396,779 $ 7,838,437 $ 2,195,102 $ (11,423,807 ) $ 6,844,057 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ (465,247 ) $ (1,596,731 ) $ 2,292,388 $ (91,467 ) $ 38,108 $ 177,051 Accrued compensation and related liabilities — 94,505 42,866 12,264 — 149,635 Accrued liabilities — 191,819 219,303 18,687 — 429,809 Debt due within one year — 362,900 — — — 362,900 Liabilities held for sale — 11,457 — — — 11,457 Total current liabilities (465,247 ) (936,050 ) 2,554,557 (60,516 ) 38,108 1,130,852 Long-term liabilities: Debt due after one year — 2,770,234 — 390 — 2,770,624 Deferred income taxes — — 436,613 32,715 — 469,328 Accrued liabilities — 28,384 140,923 1,153 — 170,460 Total long-term liabilities — 2,798,618 577,536 34,258 — 3,410,412 Total shareholders’ equity 2,302,793 4,534,211 4,706,344 2,221,360 (11,461,915 ) 2,302,793 $ 1,837,546 $ 6,396,779 $ 7,838,437 $ 2,195,102 $ (11,423,807 ) $ 6,844,057 1) Investments include inter company investment activity. Corp 2 and Subsidiary Guarantors hold $29.0 million and $135.8 million , respectively, of the $164.8 million consolidated net investments.
Consolidating Condensed Statement of Cash Flows	Consolidating Condensed Statement of Cash Flows Three Months Ended August 31, 2017 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 217,211 $ 118,530 $ 87,171 $ 8,705 $ (214,406 ) $ 217,211 Adjustments to reconcile net income to net cash provided by (used in) operating activities Depreciation — 32,658 17,613 3,297 — 53,568 Amortization of intangible assets — 11,722 1,273 1,946 — 14,941 Stock-based compensation 28,630 — — — — 28,630 Gain on sale of business — (115,787 ) 15,518 — — (100,269 ) Deferred income taxes — — 27,468 (2,530 ) — 24,938 Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (32,847 ) 37,443 4,359 — 8,955 Inventories, net — 7,262 (11,826 ) 122 (1,385 ) (5,827 ) Uniforms and other rental items in service — (16,077 ) 818 2,480 (279 ) (13,058 ) Prepaid expenses and other current assets — 966 (17,353 ) 376 — (16,011 ) Accounts payable — 137,191 (110,445 ) (8,909 ) (153 ) 17,684 Accrued compensation and related liabilities — (15,841 ) (14,403 ) (62 ) — (30,306 ) Accrued liabilities and other — (19,869 ) 6,704 (3,053 ) — (16,218 ) Income taxes, current — 20,069 49,407 652 — 70,128 Net cash provided by operating activities 245,841 127,977 89,388 7,383 (216,223 ) 254,366 Cash flows from investing activities: Capital expenditures — (36,267 ) (31,327 ) 5,077 — (62,517 ) Proceeds from redemption of marketable securities and investments — 12,400 — 52,856 — 65,256 Purchase of marketable securities and investments — 2,724 (12,223 ) (50,523 ) 2,000 (58,022 ) Proceeds from sale of business — 128,511 — — — 128,511 Acquisitions of businesses — (302 ) — — — (302 ) Other, net (228,057 ) 57,686 (23,492 ) (20,664 ) 214,223 (304 ) Net cash (used in) provided by investing activities (228,057 ) 164,752 (67,042 ) (13,254 ) 216,223 72,622 Cash flows from financing activities: Payments on commercial paper, net — (43,000 ) — — — (43,000 ) Repayment of debt — (250,000 ) — — — (250,000 ) Proceeds from exercise of stock-based compensation awards 17,256 — — — — 17,256 Repurchase of common stock (35,040 ) — — — — (35,040 ) Other, net — (478 ) (171 ) — — (649 ) Net cash used in financing activities (17,784 ) (293,478 ) (171 ) — — (311,433 ) Effect of exchange rate changes on cash and cash equivalents — — — 6,593 — 6,593 Net (decrease) increase in cash and cash equivalents — (749 ) 22,175 722 — 22,148 Cash and cash equivalents at beginning of period — 48,658 17,302 103,306 — 169,266 Cash and cash equivalents at end of period $ — $ 47,909 $ 39,477 $ 104,028 $ — $ 191,414 Consolidating Condensed Statement of Cash Flows Three Months Ended August 31, 2016 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 138,091 $ 43,871 $ 87,515 $ 3,879 $ (135,265 ) $ 138,091 Adjustments to reconcile net income to net cash provided by (used in) operating activities Depreciation — 25,755 11,441 2,483 — 39,679 Amortization of intangible assets — 3,194 88 207 — 3,489 Stock-based compensation 20,779 — — — — 20,779 Deferred income taxes — (1,050 ) 3,227 (207 ) — 1,970 Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (21,693 ) (612 ) (641 ) — (22,946 ) Inventories, net — (11,331 ) 1,807 (957 ) (2,536 ) (13,017 ) Uniforms and other rental items in service — 950 (2,718 ) 301 (405 ) (1,872 ) Prepaid expenses and other current assets — (63 ) (5,419 ) (173 ) — (5,655 ) Accounts payable — (58,018 ) 74,361 1,022 115 17,480 Accrued compensation and related liabilities — (25,961 ) (10,170 ) (1,145 ) — (37,276 ) Accrued liabilities and other — (2,906 ) (19,352 ) (1,418 ) — (23,676 ) Income taxes, current — 3,163 37,145 234 — 40,542 Net cash provided by (used in) operating activities 158,870 (44,089 ) 177,313 3,585 (138,091 ) 157,588 Cash flows from investing activities: Capital expenditures — (43,130 ) (30,268 ) (5,182 ) — (78,580 ) Proceeds from redemption of marketable securities — — — 109,612 — 109,612 Purchase of marketable securities and investments — (4,161 ) (29,496 ) (103,805 ) 17,733 (119,729 ) Acquisitions of businesses, net of cash acquired — (905 ) 60 (10,146 ) — (10,991 ) Other, net (156,282 ) 166,037 (132,771 ) 1,740 120,358 (918 ) Net cash (used in) provided by investing activities (156,282 ) 117,841 (192,475 ) (7,781 ) 138,091 (100,606 ) Cash flows from financing activities: Issuance of commercial paper, net — 163,800 — — — 163,800 Proceeds from issuance of debt — — (2,000 ) 2,000 — — Repayment of debt — (250,000 ) — — — (250,000 ) Prepaid short-term debt financing fees — (8,625 ) — — — (8,625 ) Proceeds from exercise of stock-based compensation awards 16,282 — — — — 16,282 Repurchase of common stock (18,870 ) — — — — (18,870 ) Other, net — 385 — — — 385 Net cash (used in) provided by financing activities (2,588 ) (94,440 ) (2,000 ) 2,000 — (97,028 ) Effect of exchange rate changes on cash and cash equivalents — — — (102 ) — (102 ) Net decrease in cash and cash equivalents — (20,688 ) (17,162 ) (2,298 ) — (40,148 ) Cash and cash equivalents at beginning of period — 57,893 55,392 26,072 — 139,357 Cash and cash equivalents at end of period $ — $ 37,205 $ 38,230 $ 23,774 $ — $ 99,209

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) $ in Thousands	Mar. 21, 2017USD ($)
G&K Services
Business Acquisition [Line Items]
Consideration transferred	$ 2,112,811

Basis of Presentation - Invento

Basis of Presentation - Inventories (Details) - USD ($) $ in Thousands	Aug. 31, 2017	May 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 16,801	$ 17,528
Work in process	20,261	17,951
Finished goods	246,135	242,739
Inventories, net	$ 283,197	$ 278,218

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value of Financial Instruments Measured on a Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Aug. 31, 2017	May 31, 2017
Fair value on a recurring basis
Cash and cash equivalents	$ 191,414	$ 169,266
Total assets at fair value	213,040	191,485
Canadian treasury securities
Fair value on a recurring basis
Marketable securities	21,626	22,219
Level 1
Fair value on a recurring basis
Cash and cash equivalents	191,414	169,266
Total assets at fair value	191,414	169,266
Level 1 | Canadian treasury securities
Fair value on a recurring basis
Marketable securities	0	0
Level 2
Fair value on a recurring basis
Cash and cash equivalents	0	0
Total assets at fair value	21,626	22,219
Level 2 | Canadian treasury securities
Fair value on a recurring basis
Marketable securities	21,626	22,219
Level 3
Fair value on a recurring basis
Cash and cash equivalents	0	0
Total assets at fair value	0	0
Level 3 | Canadian treasury securities
Fair value on a recurring basis
Marketable securities	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Aug. 31, 2017	May 31, 2017
Fair Value Disclosures [Abstract]
Amortized cost basis of marketable securities	$ 21.6	$ 22.2
Contractual maturities (less than)	1 year	1 year

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($)	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	May 31, 2017
Investments, Debt and Equity Securities [Abstract]
Investments	$ 163,631,000		$ 164,788,000
Cash surrender value of insurance policies	143,400,000		144,000,000
Equity method investments	15,200,000		15,800,000
Cost method investments	5,000,000		$ 5,000,000
Losses due to impairment	$ 0	$ 0

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Basic Earnings per Share from Continuing Operations
Income from continuing operations	$ 161,108	$ 136,208
Less: income from continuing operations allocated to participating securities	3,187	2,852
Income from continuing operations available to common shareholders	$ 157,921	$ 133,356
Basic weighted average common shares outstanding (in shares)	105,740	104,483
Basic earnings per share from continuing operations (in dollars per share)	$ 1.50	$ 1.27
Diluted Earnings per Share from Continuing Operations
Income from continuing operations	$ 161,108	$ 136,208
Less: income from continuing operations allocated to participating securities	3,187	2,852
Income from continuing operations available to common shareholders	$ 157,921	$ 133,356
Basic weighted average common shares outstanding (in shares)	105,740	104,483
Effect of dilutive securities - employee stock options (in shares)	2,797	2,631
Diluted weighted average common shares outstanding (in shares)	108,537	107,114
Diluted earnings per share from continuing operations (in dollars per share)	$ 1.45	$ 1.24

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 02, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Discontinued operations (in dollars per share)	$ 0.52	$ 0.02
Discontinued operations (in dollars per share)	$ 0.51	0.02
Diluted earnings per share from discontinued operations (in dollars per share)		$ 0.02
Options granted and excluded from the computation of diluted earnings per share (in shares)	0.6	0.7
Employee Payroll Taxes Due on Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares acquired (in shares)	0.3
Stock purchased under share buyback, average price per share (in dollars per share)	$ 128.70
Total purchase price of shares repurchased	$ 35,000,000
Share Buyback Program, August 2, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Share buyback program, authorized amount			$ 500,000,000

Goodwill, Service Contracts a42

Goodwill, Service Contracts and Other Assets - Changes in Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Aug. 31, 2017USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 2,782,335
Goodwill acquired	24,909
Foreign currency translation	3,260
Ending balance	2,810,504
G&K Services
Goodwill [Roll Forward]
Adjustment to preliminary purchase price	24,800
Uniform Rental and Facility Services
Goodwill [Roll Forward]
Beginning balance	2,448,070
Goodwill acquired	24,837
Foreign currency translation	1,646
Ending balance	2,474,553
First Aid and Safety Services
Goodwill [Roll Forward]
Beginning balance	243,112
Goodwill acquired	72
Foreign currency translation	1,552
Ending balance	244,736
All Other
Goodwill [Roll Forward]
Beginning balance	91,153
Goodwill acquired	0
Foreign currency translation	62
Ending balance	$ 91,215

Goodwill, Service Contracts a43

Goodwill, Service Contracts and Other Assets - Changes in Carrying Amount of Service Contracts (Details) $ in Thousands	3 Months Ended
	Aug. 31, 2017USD ($)
Service contracts [Roll Forward]
Beginning balance	$ 586,988
Service contracts acquired	455
Service contracts amortization	(12,471)
Foreign currency translation	6,659
Ending balance	581,631
Uniform Rental and Facility Services
Service contracts [Roll Forward]
Beginning balance	529,923
Service contracts acquired	32
Service contracts amortization	(10,334)
Foreign currency translation	6,486
Ending balance	526,107
First Aid and Safety Services
Service contracts [Roll Forward]
Beginning balance	30,062
Service contracts acquired	411
Service contracts amortization	(958)
Foreign currency translation	173
Ending balance	29,688
All Other
Service contracts [Roll Forward]
Beginning balance	27,003
Service contracts acquired	12
Service contracts amortization	(1,179)
Foreign currency translation	0
Ending balance	$ 25,836

Goodwill, Service Contracts a44

Goodwill, Service Contracts and Other Assets - Information Regarding Service Contracts and Other Assets (Details) - USD ($) $ in Thousands	Aug. 31, 2017	May 31, 2017
Information regarding service contracts and other assets
Service contracts, net	$ 581,631	$ 586,988
Other assets, carrying amount	76,337	75,633
Other assets, accumulated amortization	45,710	43,666
Other assets, net	30,627	31,967
Noncompete and consulting agreements
Information regarding service contracts and other assets
Other assets, carrying amount	40,918	40,743
Other assets, accumulated amortization	39,516	39,244
Other assets, net	1,402	1,499
Other
Information regarding service contracts and other assets
Other assets, carrying amount	35,419	34,890
Other assets, accumulated amortization	6,194	4,422
Other assets, net	29,225	30,468
Service Contracts
Information regarding service contracts and other assets
Service contracts, carrying amount	920,101	911,273
Service contracts, accumulated amortization	338,470	324,285
Service contracts, net	$ 581,631	$ 586,988

Goodwill, Service Contracts a45

Goodwill, Service Contracts and Other Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Goodwill, Service Contracts and Other Assets [Abstract]
Amortization expense for service contracts and other assets	$ 14.1	$ 3.2
Estimated amortization expense, year one	61.4
Estimated amortization expense, year two	60.9
Estimated amortization expense, year three	59.5
Estimated amortization expense, year four	53.7
Estimated amortization expense, year five	$ 51.7

Debt, Derivatives and Hedging46

Debt, Derivatives and Hedging Activities - Summary of Debt Outstanding (Details) - USD ($)	Aug. 31, 2017	May 31, 2017
Long-term Debt and Capital Lease Obligations, Current [Abstract]
Debt issuance costs	$ (50,000)	$ (100,000)
Total debt due within one year	307,450,000	362,900,000
Long-term Debt and Capital Lease Obligations [Abstract]
Debt issuance costs	(21,334,000)	(22,075,000)
Total debt due after one year	2,533,672,000	2,770,624,000
Senior notes | Senior Notes, 6.13%, 2018 Maturity
Long-term Debt and Capital Lease Obligations, Current [Abstract]
Long-term Debt, current	$ 300,000,000	300,000,000
Long-term Debt and Capital Lease Obligations [Abstract]
Stated interest rate (as a percent)	6.13%
Senior notes | Senior Notes 4.30%, 2022 Maturity
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term Debt, non-current	$ 250,000,000	250,000,000
Stated interest rate (as a percent)	4.30%
Senior notes | Senior Notes, 2.90%, 2022 Maturity
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term Debt, non-current	$ 650,000,000	650,000,000
Stated interest rate (as a percent)	2.90%
Senior notes | Senior Notes, 3.25%, 2023 Maturity
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term Debt, non-current	$ 300,000,000	300,000,000
Stated interest rate (as a percent)	3.25%
Senior notes | Senior Notes, 2.78%, 2023 Maturity
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term Debt, non-current	$ 52,446,000	52,554,000
Stated interest rate (as a percent)	2.78%
Senior notes | Senior Notes, 2.78%, 2023 Maturity | G&K Services
Long-term Debt and Capital Lease Obligations [Abstract]
Face value		$ 50,000,000
Stated interest rate (as a percent)		3.73%
Senior notes | Senior Notes, 3.11%, 2025 Maturity
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term Debt, non-current	$ 52,560,000	$ 52,645,000
Stated interest rate (as a percent)	3.11%
Senior notes | Senior Notes, 3.11%, 2025 Maturity | G&K Services
Long-term Debt and Capital Lease Obligations [Abstract]
Face value		$ 50,000,000
Stated interest rate (as a percent)		3.88%
Senior notes | Senior Notes, 3.70%, 2027 Maturity
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term Debt, non-current	$ 1,000,000,000	$ 1,000,000,000
Stated interest rate (as a percent)	3.70%
Senior notes | Senior Notes, 6.15%, 2037 Maturity
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term Debt, non-current	$ 250,000,000	250,000,000
Stated interest rate (as a percent)	6.15%
Commercial paper | Commercial Paper, 1.24%
Long-term Debt and Capital Lease Obligations, Current [Abstract]
Long-term Debt, current	$ 7,500,000	50,500,000
Long-term Debt and Capital Lease Obligations [Abstract]
Effective interest rate (as a percent)	1.40%
Line of Credit | Term Loan Facility
Long-term Debt and Capital Lease Obligations, Current [Abstract]
Long-term Debt, current	$ 0	12,500,000
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term Debt, non-current	$ 0	$ 237,500,000
Effective interest rate (as a percent)	2.00%

Debt, Derivatives and Hedging47

Debt, Derivatives and Hedging Activities - Narrative (Details) - USD ($)	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	May 31, 2017	Sep. 16, 2016	Sep. 15, 2016
Debt Instrument [Line Items]
Long term debt	$ 2,533,672,000		$ 2,770,624,000
Commercial paper	7,500,000		$ 50,500,000
Amortization of interest rate lock agreements	(172,000)	$ 385,000
Commercial paper
Debt Instrument [Line Items]
Short-term debt	$ 7,500,000
Weighted average interest rate (as a percent)	1.40%		1.24%
Debt Amendment June 2016
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity with accordion feature					$ 450,000,000
Debt Amendment September 2016
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity with accordion feature				$ 600,000,000
Debt amendment, increase limit (up to)				250,000,000
Revolving Credit Facility | Debt Amendment September 2016
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity with accordion feature				$ 250,000,000
Revolving credit facility amount outstanding	$ 0		$ 0
Senior Notes | June 2016 Senior Notes
Debt Instrument [Line Items]
Long term debt	2,862,500,000		3,156,000,000
Senior Notes | Level 2
Debt Instrument [Line Items]
Long-term debt, fair value	3,025,900,000		$ 3,296,800,000
Commercial paper | Commercial Paper, 1.24%
Debt Instrument [Line Items]
Net payments on debt	43,000,000
Line of Credit | Term Loan Facility
Debt Instrument [Line Items]
Net payments on debt	$ 250,000,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	May 31, 2017
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 13.7		$ 12.6
Effective tax rate	26.50%	28.20%

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($)	Mar. 21, 2017	Aug. 31, 2017	May 31, 2017	Aug. 15, 2016
Business Acquisition [Line Items]
Goodwill deductible for income tax purposes		$ 0
G&K Services
Business Acquisition [Line Items]
Consideration transferred	$ 2,112,811,000
Share price of acquisition (in dollars per share)	$ 97.50			$ 97.50
Total purchase price	$ 2,078,418,000
Deferred tax purchase price adjustment		$ 24,100,000
Goodwill deductible for income tax purposes	0
G&K Services | Real Property
Business Acquisition [Line Items]
Preliminary fair value property, plant and equipment	141,800,000
G&K Services | Personal Property
Business Acquisition [Line Items]
Preliminary fair value property, plant and equipment	$ 112,200,000
G&K Services | Level 3
Business Acquisition [Line Items]
Discount rate (as a percent)	9.50%
G&K Services | Service contracts
Business Acquisition [Line Items]
Amortization period (in years)			15 years

Acquisitions - Purchase Price A

Acquisitions - Purchase Price Allocation (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	Mar. 21, 2017	Aug. 31, 2017	Aug. 31, 2016	Aug. 15, 2016
Business Acquisition [Line Items]
Cash consideration for common stock		$ 302	$ 10,991
G&K Services
Business Acquisition [Line Items]
Cash consideration for common stock	$ 1,901,845
Cash consideration for share-based awards	62,257
Cash consideration for G&K revolving debt	124,180
Cash consideration for transaction expenses	24,529
Total consideration	2,112,811
Cash acquired	(34,393)
Net consideration transferred	$ 2,078,418
Share price of acquisition (in dollars per share)	$ 97.50			$ 97.50
Number of shares acquired (in shares)	19.5

Acquisitions - Schedule of Asse

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Aug. 31, 2017	May 31, 2017	Mar. 21, 2017
Assets:
Goodwill	$ 2,810,504	$ 2,782,335
G&K Services
Assets:
Accounts receivable			$ 95,846
Inventories			30,254
Uniforms and other rental items in service			93,659
Income taxes, current			14,626
Prepaid expenses and other current assets			43,235
Property and equipment			254,035
Goodwill			1,517,340
Other assets			15,585
Liabilities:
Accounts payable			(53,220)
Accrued compensation and related liabilities			(9,594)
Accrued liabilities			(115,109)
Long-term accrued liabilities			(28,380)
G&K senior notes			(105,359)
Deferred income taxes			(210,500)
Total consideration			2,078,418
Service contracts | G&K Services
Assets:
Intangible assets			519,000
Trade names | G&K Services
Assets:
Intangible assets			$ 17,000

Acquisitions - Schedule of Prel

Acquisitions - Schedule of Preliminary Valuation and Amortization Period of Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Aug. 31, 2017	May 31, 2017
Business Acquisition [Line Items]
Intangible assets acquired	$ 455
G&K Services
Business Acquisition [Line Items]
Intangible assets acquired	$ 536,000
Service contracts | G&K Services
Business Acquisition [Line Items]
Intangible assets acquired		$ 519,000
Amortization period (in years)		15 years
Trade names | G&K Services
Business Acquisition [Line Items]
Intangible assets acquired		$ 17,000
Amortization period (in years)		3 years

Acquisitions - Schedule of Pro

Acquisitions - Schedule of Pro Forma Financial Information (Details) - G&K Services $ / shares in Units, $ in Thousands	3 Months Ended
	Aug. 31, 2016USD ($)$ / shares
Business Acquisition [Line Items]
Net sales	$ 1,511,378
Net income	$ 146,413
Earnings per common share - diluted (in dollars per share) | $ / shares	$ 1.34

Pension Plans - Components of N

Pension Plans - Components of Net Periodic Benefit Cost (Details) $ in Thousands	3 Months Ended
	Aug. 31, 2017USD ($)
Retirement Benefits [Abstract]
Interest cost	$ 711
Expected return on assets	(716)
Amortization of net loss	0
Total net periodic benefit cost	$ (5)

Accumulated Other Comprehensi55

Accumulated Other Comprehensive Income (Loss) - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 2,302,793
Other comprehensive income (loss)	35,032	$ (11,538)
Ending balance	2,565,881
Foreign Currency
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(12,726)	(2,474)
Other comprehensive income before reclassifications	35,184	115
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Other comprehensive income (loss)	35,184	115
Ending balance	22,458	(2,359)
Unrealized Income on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	11,382	(20,830)
Other comprehensive income before reclassifications	0	(12,037)
Amounts reclassified from accumulated other comprehensive income (loss)	(172)	385
Other comprehensive income (loss)	(172)	(11,652)
Ending balance	11,210	(32,482)
Other
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,685)	(1,570)
Other comprehensive income before reclassifications	20	(1)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Other comprehensive income (loss)	20	(1)
Ending balance	(1,665)	(1,571)
Total
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(3,029)	(24,874)
Other comprehensive income before reclassifications	35,204	(11,923)
Amounts reclassified from accumulated other comprehensive income (loss)	(172)	385
Other comprehensive income (loss)	35,032	(11,538)
Ending balance	$ 32,003	$ (36,412)

Accumulated Other Comprehensi56

Accumulated Other Comprehensive Income (Loss) - Schedule of Reclassifications Out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 30,317	$ 14,172
Income taxes	(57,971)	(53,622)
Net income	161,108	136,208
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | Unrealized Income on Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income taxes	(106)	230
Net income	(172)	385
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | Unrealized Income on Cash Flow Hedges | Interest Rate Locks
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ (278)	$ 615

Segment Information - Narrative

Segment Information - Narrative (Details)	3 Months Ended
	Aug. 31, 2017segment
Segment Reporting [Abstract]
Number of operating segments	2

Segment Information - Informati

Segment Information - Information Related to Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	May 31, 2017
Segment Reporting Information
Revenue	$ 1,611,503	$ 1,266,650
Income (loss) before income taxes	219,079	189,830
Total assets	6,851,606	4,167,145	$ 6,844,057
Operating Segments | Uniform Rental and Facility Services
Segment Reporting Information
Revenue	1,311,784	994,282
Income (loss) before income taxes	218,910	184,788
Total assets	5,844,718	3,191,835
Operating Segments | First Aid and Safety Services
Segment Reporting Information
Revenue	140,582	124,839
Income (loss) before income taxes	19,411	11,511
Total assets	456,391	436,920
Operating Segments | All Other
Segment Reporting Information
Revenue	159,137	147,529
Income (loss) before income taxes	10,778	7,638
Total assets	337,457	328,687
Corporate
Segment Reporting Information
Revenue	0	0
Income (loss) before income taxes	(30,020)	(14,107)
Total assets	$ 213,040	$ 209,703

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) $ in Millions	Aug. 31, 2017USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Proceeds from sale	$ 128.5

Discontinued Operations - Sched

Discontinued Operations - Schedule of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax benefit (expense)	$ (41,727)	$ (1,141)
Gain on sale of business	100,269	0
Net income from discontinued operations	56,103	1,883
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	10,773	27,481
(Loss) income before income taxes	(2,439)	3,024
Income tax benefit (expense)	902	(1,141)
Gain on sale of business	100,269	0
Income tax expense on gain	(42,629)	0
Net income from discontinued operations	$ 56,103	$ 1,883

G&K Services, Inc. Transactio61

G&K Services, Inc. Transaction and Integration Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	May 31, 2017
Business Acquisition [Line Items]
Integration related costs	$ 3,971
Legal and professional fees		$ 2,787
G&K Services
Business Acquisition [Line Items]
Integration costs, excluding severance costs	3,000
Severance costs	1,000
Other expenses	1,600
Severance reserve	20,100		$ 24,100
Payments for severance reserve	$ 5,200

Supplemental Guarantor Inform62

Supplemental Guarantor Information - Narrative (Details) - USD ($) $ in Millions	Aug. 31, 2017	May 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Commercial paper	$ 7.5	$ 50.5
Senior notes	$ 2,857.5

Supplemental Guarantor Inform63

Supplemental Guarantor Information - Consolidating Condensed Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Revenue:
Uniform rental and facility services	$ 1,311,784	$ 994,282
Other	299,719	272,368
Equity in net income of affiliates	0	0
Total revenue	1,611,503	1,266,650
Costs and expenses (income):
Cost of uniform rental and facility services	706,863	537,097
Cost of other	165,287	153,126
Selling and administrative expenses	486,283	369,703
G&K Services, Inc. transaction and integration expenses	3,971	2,787
Operating income	249,099	203,937
Interest income	(297)	(65)
Interest expense (income)	30,317	14,172
Income before income taxes	219,079	189,830
Income taxes	57,971	53,622
Income from continuing operations	161,108	136,208
Income (loss) from discontinued operations, net of tax	56,103	1,883
Net income	217,211	138,091
Eliminations
Revenue:
Uniform rental and facility services	(49,575)	(44,489)
Other	(148,198)	(135,557)
Equity in net income of affiliates	(161,108)	(136,208)
Total revenue	(358,881)	(316,254)
Costs and expenses (income):
Cost of uniform rental and facility services	(74,821)	(65,910)
Cost of other	(118,698)	(109,497)
Selling and administrative expenses	(7,040)	(7,439)
G&K Services, Inc. transaction and integration expenses	0	0
Operating income	(158,322)	(133,408)
Interest income	0	0
Interest expense (income)	0	0
Income before income taxes	(158,322)	(133,408)
Income taxes	(19)	(26)
Income from continuing operations	(158,303)	(133,382)
Income (loss) from discontinued operations, net of tax	(56,103)	(1,883)
Net income	(214,406)	(135,265)
Cintas Corporation
Revenue:
Uniform rental and facility services	0	0
Other	0	0
Equity in net income of affiliates	161,108	136,208
Total revenue	161,108	136,208
Costs and expenses (income):
Cost of uniform rental and facility services	0	0
Cost of other	0	0
Selling and administrative expenses	0	0
G&K Services, Inc. transaction and integration expenses	0	0
Operating income	161,108	136,208
Interest income	0	0
Interest expense (income)	0	0
Income before income taxes	161,108	136,208
Income taxes	0	0
Income from continuing operations	161,108	136,208
Income (loss) from discontinued operations, net of tax	56,103	1,883
Net income	217,211	138,091
Corp. 2
Revenue:
Uniform rental and facility services	1,099,869	831,960
Other	427,302	388,082
Equity in net income of affiliates	0	0
Total revenue	1,527,171	1,220,042
Costs and expenses (income):
Cost of uniform rental and facility services	622,148	475,221
Cost of other	288,919	263,726
Selling and administrative expenses	510,955	407,611
G&K Services, Inc. transaction and integration expenses	1,521	0
Operating income	103,628	73,484
Interest income	(31)	0
Interest expense (income)	30,561	14,827
Income before income taxes	73,098	58,657
Income taxes	19,570	16,669
Income from continuing operations	53,528	41,988
Income (loss) from discontinued operations, net of tax	65,002	1,883
Net income	118,530	43,871
Subsidiary Guarantors
Revenue:
Uniform rental and facility services	164,895	149,148
Other	307	968
Equity in net income of affiliates	0	0
Total revenue	165,202	150,116
Costs and expenses (income):
Cost of uniform rental and facility services	99,019	90,672
Cost of other	(19,669)	(14,931)
Selling and administrative expenses	(47,538)	(50,734)
G&K Services, Inc. transaction and integration expenses	2,435	2,787
Operating income	130,955	122,322
Interest income	(99)	(17)
Interest expense (income)	(139)	(702)
Income before income taxes	131,193	123,041
Income taxes	35,123	35,526
Income from continuing operations	96,070	87,515
Income (loss) from discontinued operations, net of tax	(8,899)	0
Net income	87,171	87,515
Non- Guarantors
Revenue:
Uniform rental and facility services	96,595	57,663
Other	20,308	18,875
Equity in net income of affiliates	0	0
Total revenue	116,903	76,538
Costs and expenses (income):
Cost of uniform rental and facility services	60,517	37,114
Cost of other	14,735	13,828
Selling and administrative expenses	29,906	20,265
G&K Services, Inc. transaction and integration expenses	15	0
Operating income	11,730	5,331
Interest income	(167)	(48)
Interest expense (income)	(105)	47
Income before income taxes	12,002	5,332
Income taxes	3,297	1,453
Income from continuing operations	8,705	3,879
Income (loss) from discontinued operations, net of tax	0	0
Net income	$ 8,705	$ 3,879

Supplemental Guarantor Inform64

Supplemental Guarantor Information - Consolidating Condensed Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Condensed Consolidating Financial Statements
Net income	$ 217,211	$ 138,091
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	35,184	115
Change in fair value of cash flow hedges	0	(12,037)
Amortization of interest rate lock agreements	(172)	385
Change in fair value of available-for-sale securities	20	(1)
Other comprehensive income (loss)	35,032	(11,538)
Comprehensive income	252,243	126,553
Eliminations
Condensed Consolidating Financial Statements
Net income	(214,406)	(135,265)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(35,184)	(115)
Change in fair value of cash flow hedges		12,037
Amortization of interest rate lock agreements	172	(385)
Change in fair value of available-for-sale securities	(20)	1
Other comprehensive income (loss)	(35,032)	11,538
Comprehensive income	(249,438)	(123,727)
Cintas Corporation
Condensed Consolidating Financial Statements
Net income	217,211	138,091
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	35,184	115
Change in fair value of cash flow hedges		(12,037)
Amortization of interest rate lock agreements	(172)	385
Change in fair value of available-for-sale securities	20	(1)
Other comprehensive income (loss)	35,032	(11,538)
Comprehensive income	252,243	126,553
Corp. 2
Condensed Consolidating Financial Statements
Net income	118,530	43,871
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0
Change in fair value of cash flow hedges		(12,037)
Amortization of interest rate lock agreements	(172)	385
Change in fair value of available-for-sale securities	0	0
Other comprehensive income (loss)	(172)	(11,652)
Comprehensive income	118,358	32,219
Subsidiary Guarantors
Condensed Consolidating Financial Statements
Net income	87,171	87,515
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0
Change in fair value of cash flow hedges		0
Amortization of interest rate lock agreements	0	0
Change in fair value of available-for-sale securities	0	0
Other comprehensive income (loss)	0	0
Comprehensive income	87,171	87,515
Non- Guarantors
Condensed Consolidating Financial Statements
Net income	8,705	3,879
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	35,184	115
Change in fair value of cash flow hedges		0
Amortization of interest rate lock agreements	0	0
Change in fair value of available-for-sale securities	20	(1)
Other comprehensive income (loss)	35,204	114
Comprehensive income	$ 43,909	$ 3,993

Supplemental Guarantor Inform65

Supplemental Guarantor Information - Consolidating Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Aug. 31, 2017	May 31, 2017	Aug. 31, 2016	May 31, 2016
Current assets:
Cash and cash equivalents	$ 191,414	$ 169,266	$ 99,209	$ 139,357
Marketable securities	21,626	22,219
Accounts receivable, net	731,577	736,008
Inventories, net	283,197	278,218
Uniforms and other rental items in service	654,249	635,702
Income taxes, current	0	44,320
Prepaid expenses and other current assets	42,490	30,132
Assets held for sale	0	38,613
Total current assets	1,924,553	1,954,478
Property and equipment, net	1,340,660	1,323,501
Investments	163,631	164,788
Goodwill	2,810,504	2,782,335
Service contracts, net	581,631	586,988
Other assets, net	30,627	31,967
Total assets	6,851,606	6,844,057	4,167,145
Current liabilities:
Accounts payable	189,571	177,051
Accrued compensation and related liabilities	119,252	149,635
Accrued liabilities	402,970	429,809
Income taxes, current	25,552	0
Debt due within one year	307,450	362,900
Liabilities held for sale	0	11,457
Total current liabilities	1,044,795	1,130,852
Long-term liabilities:
Debt due after one year	2,533,672	2,770,624
Deferred income taxes	521,774	469,328
Accrued liabilities	185,484	170,460
Total long-term liabilities	3,240,930	3,410,412
Total shareholders’ equity	2,565,881	2,302,793
Total liabilities and shareholders' equity	6,851,606	6,844,057
Eliminations
Current assets:
Cash and cash equivalents	0	0	0	0
Marketable securities	0	0
Accounts receivable, net	0	0
Inventories, net	(1)	(1,386)
Uniforms and other rental items in service	(18,714)	(18,993)
Income taxes, current		0
Prepaid expenses and other current assets	0	0
Assets held for sale		0
Total current assets	(18,715)	(20,379)
Property and equipment, net	0	0
Investments	(6,404,479)	(6,402,479)
Goodwill	(112)	(112)
Service contracts, net	0	0
Other assets, net	(5,249,008)	(5,000,837)
Total assets	(11,672,314)	(11,423,807)
Current liabilities:
Accounts payable	37,955	38,108
Accrued compensation and related liabilities	0	0
Accrued liabilities	0	0
Income taxes, current	0
Debt due within one year	0	0
Liabilities held for sale		0
Total current liabilities	37,955	38,108
Long-term liabilities:
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	(11,710,269)	(11,461,915)
Total liabilities and shareholders' equity	(11,672,314)	(11,423,807)
Cintas Corporation
Current assets:
Cash and cash equivalents	0	0	0	0
Marketable securities	0	0
Accounts receivable, net	0	0
Inventories, net	0	0
Uniforms and other rental items in service	0	0
Income taxes, current		0
Prepaid expenses and other current assets	0	0
Assets held for sale		0
Total current assets	0	0
Property and equipment, net	0	0
Investments	321,083	321,083
Goodwill	0	0
Service contracts, net	0	0
Other assets, net	1,779,551	1,516,463
Total assets	2,100,634	1,837,546
Current liabilities:
Accounts payable	(465,247)	(465,247)
Accrued compensation and related liabilities	0	0
Accrued liabilities	0	0
Income taxes, current	0
Debt due within one year	0	0
Liabilities held for sale		0
Total current liabilities	(465,247)	(465,247)
Long-term liabilities:
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	2,565,881	2,302,793
Total liabilities and shareholders' equity	2,100,634	1,837,546
Corp. 2
Current assets:
Cash and cash equivalents	47,909	48,658	37,205	57,893
Marketable securities	0	0
Accounts receivable, net	576,958	543,769
Inventories, net	234,683	243,677
Uniforms and other rental items in service	549,281	531,295
Income taxes, current		16,173
Prepaid expenses and other current assets	8,419	13,234
Assets held for sale		23,095
Total current assets	1,417,250	1,419,901
Property and equipment, net	854,619	851,018
Investments	3,594,123	3,605,457
Goodwill	0	0
Service contracts, net	495,409	505,698
Other assets, net	15,201	14,705
Total assets	6,376,602	6,396,779
Current liabilities:
Accounts payable	(1,426,249)	(1,596,731)
Accrued compensation and related liabilities	78,664	94,505
Accrued liabilities	200,410	191,819
Income taxes, current	3,745
Debt due within one year	307,450	362,900
Liabilities held for sale		11,457
Total current liabilities	(835,980)	(936,050)
Long-term liabilities:
Debt due after one year	2,533,282	2,770,234
Deferred income taxes	0	0
Accrued liabilities	28,861	28,384
Total long-term liabilities	2,562,143	2,798,618
Total shareholders’ equity	4,650,439	4,534,211
Total liabilities and shareholders' equity	6,376,602	6,396,779
Investments, including intercompany investments	16,100	29,000
Subsidiary Guarantors
Current assets:
Cash and cash equivalents	39,477	17,302	38,230	55,392
Marketable securities	0	0
Accounts receivable, net	96,287	137,881
Inventories, net	30,643	21,466
Uniforms and other rental items in service	75,379	78,012
Income taxes, current		25,138
Prepaid expenses and other current assets	32,879	16,188
Assets held for sale		15,518
Total current assets	274,665	311,505
Property and equipment, net	370,259	364,724
Investments	939,833	929,657
Goodwill	2,757,258	2,742,898
Service contracts, net	0	0
Other assets, net	3,459,273	3,489,653
Total assets	7,801,288	7,838,437
Current liabilities:
Accounts payable	2,142,404	2,292,388
Accrued compensation and related liabilities	33,872	42,866
Accrued liabilities	176,720	219,303
Income taxes, current	24,661
Debt due within one year	0	0
Liabilities held for sale		0
Total current liabilities	2,377,657	2,554,557
Long-term liabilities:
Debt due after one year	0	0
Deferred income taxes	475,622	436,613
Accrued liabilities	155,462	140,923
Total long-term liabilities	631,084	577,536
Total shareholders’ equity	4,792,547	4,706,344
Total liabilities and shareholders' equity	7,801,288	7,838,437
Investments, including intercompany investments	147,500	135,800
Non- Guarantors
Current assets:
Cash and cash equivalents	104,028	103,306	$ 23,774	$ 26,072
Marketable securities	21,626	22,219
Accounts receivable, net	58,332	54,358
Inventories, net	17,872	14,461
Uniforms and other rental items in service	48,303	45,388
Income taxes, current		3,009
Prepaid expenses and other current assets	1,192	710
Assets held for sale		0
Total current assets	251,353	243,451
Property and equipment, net	115,782	107,759
Investments	1,713,071	1,711,070
Goodwill	53,358	39,549
Service contracts, net	86,222	81,290
Other assets, net	25,610	11,983
Total assets	2,245,396	2,195,102
Current liabilities:
Accounts payable	(99,292)	(91,467)
Accrued compensation and related liabilities	6,716	12,264
Accrued liabilities	25,840	18,687
Income taxes, current	(2,854)
Debt due within one year	0	0
Liabilities held for sale		0
Total current liabilities	(69,590)	(60,516)
Long-term liabilities:
Debt due after one year	390	390
Deferred income taxes	46,152	32,715
Accrued liabilities	1,161	1,153
Total long-term liabilities	47,703	34,258
Total shareholders’ equity	2,267,283	2,221,360
Total liabilities and shareholders' equity	$ 2,245,396	$ 2,195,102

Supplemental Guarantor Inform66

Supplemental Guarantor Information - Consolidating Condensed Statement of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Cash flows from operating activities:
Net income	$ 217,211	$ 138,091
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	53,568	39,679
Amortization of intangible assets	14,941	3,489
Stock-based compensation	28,630	20,779
Gain on sale of business	(100,269)
Deferred income taxes	24,938	1,970
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	8,955	(22,946)
Inventories, net	(5,827)	(13,017)
Uniforms and other rental items in service	(13,058)	(1,872)
Prepaid expenses and other current assets	(16,011)	(5,655)
Accounts payable	17,684	17,480
Accrued compensation and related liabilities	(30,306)	(37,276)
Accrued liabilities and other	(16,218)	(23,676)
Income taxes, current	70,128	40,542
Net cash provided by operating activities	254,366	157,588
Cash flows from investing activities:
Capital expenditures	(62,517)	(78,580)
Proceeds from redemption of marketable securities	65,256	109,612
Purchase of marketable securities and investments	(58,022)	(119,729)
Proceeds from sale of business	128,511
Acquisitions of businesses, net of cash acquired	(302)	(10,991)
Other, net	(304)	(918)
Net cash provided by (used in) investing activities	72,622	(100,606)
Cash flows from financing activities:
Payments on commercial paper, net	(43,000)	163,800
Proceeds from issuance of debt		0
Repayment of debt	(250,000)	(250,000)
Prepaid short-term debt financing fees	0	(8,625)
Proceeds from exercise of stock-based compensation awards	17,256	16,282
Repurchase of common stock	(35,040)	(18,870)
Other, net	(649)	385
Net cash used in financing activities	(311,433)	(97,028)
Effect of exchange rate changes on cash and cash equivalents	6,593	(102)
Net (decrease) increase in cash and cash equivalents	22,148	(40,148)
Cash and cash equivalents at beginning of period	169,266	139,357
Cash and cash equivalents at end of period	191,414	99,209
Eliminations
Cash flows from operating activities:
Net income	(214,406)	(135,265)
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	0	0
Amortization of intangible assets	0	0
Stock-based compensation	0	0
Gain on sale of business	0
Deferred income taxes	0	0
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	0	0
Inventories, net	(1,385)	(2,536)
Uniforms and other rental items in service	(279)	(405)
Prepaid expenses and other current assets	0	0
Accounts payable	(153)	115
Accrued compensation and related liabilities	0	0
Accrued liabilities and other	0	0
Income taxes, current	0	0
Net cash provided by operating activities	(216,223)	(138,091)
Cash flows from investing activities:
Capital expenditures	0	0
Proceeds from redemption of marketable securities	0	0
Purchase of marketable securities and investments	2,000	17,733
Proceeds from sale of business	0
Acquisitions of businesses, net of cash acquired	0	0
Other, net	214,223	120,358
Net cash provided by (used in) investing activities	216,223	138,091
Cash flows from financing activities:
Payments on commercial paper, net	0	0
Proceeds from issuance of debt		0
Repayment of debt	0	0
Prepaid short-term debt financing fees		0
Proceeds from exercise of stock-based compensation awards	0	0
Repurchase of common stock	0	0
Other, net	0	0
Net cash used in financing activities	0	0
Effect of exchange rate changes on cash and cash equivalents	0	0
Net (decrease) increase in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Cintas Corporation
Cash flows from operating activities:
Net income	217,211	138,091
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	0	0
Amortization of intangible assets	0	0
Stock-based compensation	28,630	20,779
Gain on sale of business	0
Deferred income taxes	0	0
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	0	0
Inventories, net	0	0
Uniforms and other rental items in service	0	0
Prepaid expenses and other current assets	0	0
Accounts payable	0	0
Accrued compensation and related liabilities	0	0
Accrued liabilities and other	0	0
Income taxes, current	0	0
Net cash provided by operating activities	245,841	158,870
Cash flows from investing activities:
Capital expenditures	0	0
Proceeds from redemption of marketable securities	0	0
Purchase of marketable securities and investments	0	0
Proceeds from sale of business	0
Acquisitions of businesses, net of cash acquired	0	0
Other, net	(228,057)	(156,282)
Net cash provided by (used in) investing activities	(228,057)	(156,282)
Cash flows from financing activities:
Payments on commercial paper, net	0	0
Proceeds from issuance of debt		0
Repayment of debt	0	0
Prepaid short-term debt financing fees		0
Proceeds from exercise of stock-based compensation awards	17,256	16,282
Repurchase of common stock	(35,040)	(18,870)
Other, net	0	0
Net cash used in financing activities	(17,784)	(2,588)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net (decrease) increase in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Corp. 2
Cash flows from operating activities:
Net income	118,530	43,871
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	32,658	25,755
Amortization of intangible assets	11,722	3,194
Stock-based compensation	0	0
Gain on sale of business	(115,787)
Deferred income taxes	0	(1,050)
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	(32,847)	(21,693)
Inventories, net	7,262	(11,331)
Uniforms and other rental items in service	(16,077)	950
Prepaid expenses and other current assets	966	(63)
Accounts payable	137,191	(58,018)
Accrued compensation and related liabilities	(15,841)	(25,961)
Accrued liabilities and other	(19,869)	(2,906)
Income taxes, current	20,069	3,163
Net cash provided by operating activities	127,977	(44,089)
Cash flows from investing activities:
Capital expenditures	(36,267)	(43,130)
Proceeds from redemption of marketable securities	12,400	0
Purchase of marketable securities and investments	2,724	(4,161)
Proceeds from sale of business	128,511
Acquisitions of businesses, net of cash acquired	(302)	(905)
Other, net	57,686	166,037
Net cash provided by (used in) investing activities	164,752	117,841
Cash flows from financing activities:
Payments on commercial paper, net	(43,000)	163,800
Proceeds from issuance of debt		0
Repayment of debt	(250,000)	(250,000)
Prepaid short-term debt financing fees		(8,625)
Proceeds from exercise of stock-based compensation awards	0	0
Repurchase of common stock	0	0
Other, net	(478)	385
Net cash used in financing activities	(293,478)	(94,440)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net (decrease) increase in cash and cash equivalents	(749)	(20,688)
Cash and cash equivalents at beginning of period	48,658	57,893
Cash and cash equivalents at end of period	47,909	37,205
Subsidiary Guarantors
Cash flows from operating activities:
Net income	87,171	87,515
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	17,613	11,441
Amortization of intangible assets	1,273	88
Stock-based compensation	0	0
Gain on sale of business	15,518
Deferred income taxes	27,468	3,227
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	37,443	(612)
Inventories, net	(11,826)	1,807
Uniforms and other rental items in service	818	(2,718)
Prepaid expenses and other current assets	(17,353)	(5,419)
Accounts payable	(110,445)	74,361
Accrued compensation and related liabilities	(14,403)	(10,170)
Accrued liabilities and other	6,704	(19,352)
Income taxes, current	49,407	37,145
Net cash provided by operating activities	89,388	177,313
Cash flows from investing activities:
Capital expenditures	(31,327)	(30,268)
Proceeds from redemption of marketable securities	0	0
Purchase of marketable securities and investments	(12,223)	(29,496)
Proceeds from sale of business	0
Acquisitions of businesses, net of cash acquired	0	60
Other, net	(23,492)	(132,771)
Net cash provided by (used in) investing activities	(67,042)	(192,475)
Cash flows from financing activities:
Payments on commercial paper, net	0	0
Proceeds from issuance of debt		(2,000)
Repayment of debt	0	0
Prepaid short-term debt financing fees		0
Proceeds from exercise of stock-based compensation awards	0	0
Repurchase of common stock	0	0
Other, net	(171)	0
Net cash used in financing activities	(171)	(2,000)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net (decrease) increase in cash and cash equivalents	22,175	(17,162)
Cash and cash equivalents at beginning of period	17,302	55,392
Cash and cash equivalents at end of period	39,477	38,230
Non- Guarantors
Cash flows from operating activities:
Net income	8,705	3,879
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	3,297	2,483
Amortization of intangible assets	1,946	207
Stock-based compensation	0	0
Gain on sale of business	0
Deferred income taxes	(2,530)	(207)
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	4,359	(641)
Inventories, net	122	(957)
Uniforms and other rental items in service	2,480	301
Prepaid expenses and other current assets	376	(173)
Accounts payable	(8,909)	1,022
Accrued compensation and related liabilities	(62)	(1,145)
Accrued liabilities and other	(3,053)	(1,418)
Income taxes, current	652	234
Net cash provided by operating activities	7,383	3,585
Cash flows from investing activities:
Capital expenditures	5,077	(5,182)
Proceeds from redemption of marketable securities	52,856	109,612
Purchase of marketable securities and investments	(50,523)	(103,805)
Proceeds from sale of business	0
Acquisitions of businesses, net of cash acquired	0	(10,146)
Other, net	(20,664)	1,740
Net cash provided by (used in) investing activities	(13,254)	(7,781)
Cash flows from financing activities:
Payments on commercial paper, net	0	0
Proceeds from issuance of debt		2,000
Repayment of debt	0	0
Prepaid short-term debt financing fees		0
Proceeds from exercise of stock-based compensation awards	0	0
Repurchase of common stock	0	0
Other, net	0	0
Net cash used in financing activities	0	2,000
Effect of exchange rate changes on cash and cash equivalents	6,593	(102)
Net (decrease) increase in cash and cash equivalents	722	(2,298)
Cash and cash equivalents at beginning of period	103,306	26,072
Cash and cash equivalents at end of period	$ 104,028	$ 23,774