Cintas (CTAS) 10-Q 6 Apr 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Feb. 28, 2018	Mar. 31, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	CINTAS CORP
Entity Central Index Key	723,254
Document Type	10-Q
Document Period End Date	Feb. 28, 2018
Amendment Flag	false
Current Fiscal Year End Date	--05-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		106,720,902
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3

Consolidated Condensed Statemen

Consolidated Condensed Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2018	Feb. 28, 2017
Revenue:
Uniform rental and facility services	$ 1,284,516	$ 988,178	$ 3,904,338	$ 2,982,475
Other	304,622	267,189	902,744	810,619
Total revenue	1,589,138	1,255,367	4,807,082	3,793,094
Costs and expenses:
Cost of uniform rental and facility services	718,138	542,790	2,148,961	1,631,385
Cost of other	170,537	152,653	501,936	460,140
Selling and administrative expenses	490,618	358,589	1,444,985	1,089,707
G&K Services, Inc. transaction and integration expenses	9,821	9,344	26,866	15,478
Operating income	200,024	191,991	684,334	596,384
Interest income	(384)	(11)	(972)	(107)
Interest expense	25,901	13,696	85,347	41,135
Income before income taxes	174,507	178,306	599,959	555,356
Income tax (benefit) expense	(121,282)	61,352	5,325	180,244
Income from continuing operations	295,789	116,954	594,634	375,112
Income from discontinued operations, net of tax (benefit) expense of $(6,157), $2,109, $34,946 and $13,101, respectively	6,306	1,051	61,781	21,361
Net income	$ 302,095	$ 118,005	$ 656,415	$ 396,473
Basic earnings per share:
Continuing operations (in dollars per share)	$ 2.73	$ 1.09	$ 5.50	$ 3.51
Discontinued operations (in dollars per share)	0.06	0.01	0.57	0.20
Basic earnings per share (in dollars per share)	2.79	1.10	6.07	3.71
Diluted earnings per share:
Continuing operations (in dollars per share)	2.66	1.06	5.35	3.42
Discontinued operations (in dollars per share)	0.05	0.01	0.55	0.20
Diluted earnings per share (in dollars per share)	2.71	1.07	5.90	3.62
Dividends declared per share (in dollars per share)	$ 1.62	$ 1.33	$ 1.62	$ 1.33

Consolidated Condensed Stateme3

Consolidated Condensed Statements of Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2018	Feb. 28, 2017
Income Statement [Abstract]
Tax expense (benefit) from discontinued operations	$ (6,157)	$ 2,109	$ 34,946	$ 13,101

Consolidated Condensed Stateme4

Consolidated Condensed Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	Feb. 28, 2018	Feb. 28, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 302,095			$ 118,005			$ 656,415	$ 396,473
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	2,374			2,400			26,184	(5,135)
Change in fair value of cash flow hedges	0			2,560			0	16,913
Amortization of interest rate lock agreements	(294)			385			(638)	1,155
Other comprehensive income	2,080	$ (11,566)	$ 35,032	5,345	$ 19,126	$ (11,538)	25,546	12,933
Comprehensive income	$ 304,175			$ 123,350			$ 681,961	$ 409,406

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2018	May 31, 2017
Current assets:
Cash and cash equivalents	$ 152,563	$ 169,266
Marketable securities	33,693	22,219
Accounts receivable, net	779,220	736,008
Inventories, net	274,819	278,218
Uniforms and other rental items in service	682,438	635,702
Income taxes, current	21,651	44,320
Prepaid expenses and other current assets	35,192	30,132
Assets held for sale	0	38,613
Total current assets	1,979,576	1,954,478
Property and equipment, net	1,367,580	1,323,501
Investments	178,527	164,788
Goodwill	2,819,867	2,782,335
Service contracts, net	557,477	586,988
Other assets, net	25,566	31,967
Total assets	6,928,593	6,844,057
Current liabilities:
Accounts payable	172,181	177,051
Accrued compensation and related liabilities	145,066	149,635
Accrued liabilities	412,826	429,809
Debt due within one year	187,500	362,900
Liabilities held for sale	0	11,457
Total current liabilities	917,573	1,130,852
Long-term liabilities:
Debt due after one year	2,534,760	2,770,624
Deferred income taxes	376,665	469,328
Accrued liabilities	205,598	170,460
Total long-term liabilities	3,117,023	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: 182,558,025 issued and 106,681,417 outstanding; FY 2017: 180,992,605 issued and 105,400,629 outstanding	611,485	485,068
Paid-in capital	219,389	223,924
Retained earnings	5,651,656	5,170,830
Treasury stock: FY 2018: 75,876,608 shares, FY 2017: 75,591,976 shares	(3,611,050)	(3,574,000)
Accumulated other comprehensive income (loss)	22,517	(3,029)
Total shareholders’ equity	2,893,997	2,302,793
Total liabilities and shareholders' equity	$ 6,928,593	$ 6,844,057

Consolidated Condensed Balance6

Consolidated Condensed Balance Sheets (Parenthetical) - shares	Feb. 28, 2018	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)	182,558,025	180,992,605
Common stock, shares outstanding (in shares)	106,681,417	105,400,629
Treasury stock, shares (in shares)	75,876,608	75,591,976

Consolidated Condensed Stateme7

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Cash flows from operating activities:
Net income	$ 656,415	$ 396,473
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	157,319	120,493
Amortization of intangible assets	47,583	11,221
Stock-based compensation	86,044	63,578
Gain on sale of business	(99,060)	0
Gain on Shred-it	0	(25,876)
Deferred income taxes	(120,428)	(3,472)
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	(40,046)	(28,646)
Inventories, net	4,011	(23,364)
Uniforms and other rental items in service	(44,050)	(53)
Prepaid expenses and other current assets	(17,925)	(11,387)
Accounts payable	(580)	15,538
Accrued compensation and related liabilities	(2,209)	(5,812)
Accrued liabilities and other	10,997	(6,079)
Income taxes, current	22,793	(18,856)
Net cash provided by operating activities	660,864	483,758
Cash flows from investing activities:
Capital expenditures	(196,040)	(218,621)
Proceeds from redemption of marketable securities	146,302	172,506
Purchase of marketable securities and investments	(157,528)	(125,634)
Proceeds from sale of business	127,835	0
Proceeds from sale of investment in Shred-it	0	25,876
Acquisitions of businesses, net of cash acquired	(12,298)	(19,630)
Other, net	1,746	28
Net cash used in investing activities	(89,983)	(165,475)
Cash flows from financing activities:
Issuance of commercial paper, net	137,000	99,500
Repayment of debt	(550,000)	(250,000)
Prepaid short-term debt financing fees	0	(13,949)
Proceeds from exercise of stock-based compensation awards	35,838	25,114
Dividends paid	(175,589)	(142,444)
Repurchase of common stock	(37,050)	(20,054)
Other, net	(2,489)	(5,801)
Net cash used in financing activities	(592,290)	(307,634)
Effect of exchange rate changes on cash and cash equivalents	4,706	(2,762)
Net (decrease) increase in cash and cash equivalents	(16,703)	7,887
Cash and cash equivalents at beginning of period	169,266	139,357
Cash and cash equivalents at end of period	$ 152,563	$ 147,244

Basis of Presentation

Basis of Presentation	9 Months Ended
	Feb. 28, 2018
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. Inventories, net are measured at the lower of cost (first-in, first-out) or net realizable value. Inventory is comprised of the following amounts at: (In thousands) February 28, May 31, Raw materials $ 18,821 $ 17,528 Work in process 25,135 17,951 Finished goods 230,863 242,739 $ 274,819 $ 278,218 Inventories are recorded net of reserves for obsolete inventory of $38.5 million and $38.3 million at February 28, 2018 and May 31, 2017, respectively.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Feb. 28, 2018
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. Based on our preliminary analysis, we currently do not believe the adoption of this guidance will have a material impact on our consolidated condensed financial statements. Based on our evaluation of each revenue stream, we believe that most revenue transactions will be accounted for in a manner substantially consistent with existing guidance. The majority of our business services revenue transactions represent a series of distinct services over the term of the contract where performance obligations are the same each day. Our implementation activities related to this standard are aligned to meeting the required adoption date. The largest impacts to the Company’s financial statements will result from the new qualitative and quantitative disclosures that will be required upon adoption of the new standard, and the capitalization of certain direct and incremental contract costs that will be required to be capitalized and amortized over the life of the corresponding period of benefit. We have concluded that we will apply the modified retrospective adoption alternative for this standard. Processes and controls are currently being implemented to identify and quantify the cumulative effect adjustment to retained earnings as of June 1, 2018. 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, Accounting Standards Codification (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	9 Months Ended
	Feb. 28, 2018
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 February 28, 2018 (In thousands) Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 152,563 $ — $ — $ 152,563 Marketable securities: Canadian treasury securities — 33,693 — 33,693 Total assets at fair value $ 152,563 $ 33,693 $ — $ 186,256 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. 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 February 28, 2018 and May 31, 2017 was $33.7 million and $22.2 million , respectively. All outstanding marketable securities as of February 28, 2018 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 condensed 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 nine months ended February 28, 2018 .

Investments

Investments	9 Months Ended
	Feb. 28, 2018
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Investments at February 28, 2018 of $178.5 million include the cash surrender value of insurance policies of $153.5 million , equity method investments of $20.0 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 nine months ended February 28, 2018 and 2017 , no impairment losses were recorded.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Feb. 28, 2018
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 Nine Months Ended Basic Earnings per Share from Continuing Operations (in thousands except per share data) February 28, February 28, February 28, February 28, Income from continuing operations $ 295,789 $ 116,954 $ 594,634 $ 375,112 Less: income from continuing operations allocated to participating securities 5,248 2,573 10,546 7,348 Income from continuing operations available to common shareholders $ 290,541 $ 114,381 $ 584,088 $ 367,764 Basic weighted average common shares outstanding 106,558 105,093 106,210 104,842 Basic earnings per share from continuing operations $ 2.73 $ 1.09 $ 5.50 $ 3.51 Three Months Ended Nine Months Ended Diluted Earnings per Share from Continuing Operations (in thousands except per share data) February 28, February 28, February 28, February 28, Income from continuing operations $ 295,789 $ 116,954 $ 594,634 $ 375,112 Less: income from continuing operations allocated to participating securities 5,248 2,573 10,546 7,348 Income from continuing operations available to common shareholders $ 290,541 $ 114,381 $ 584,088 $ 367,764 Basic weighted average common shares outstanding 106,558 105,093 106,210 104,842 Effect of dilutive securities – employee stock options 3,617 2,799 3,044 2,666 Diluted weighted average common shares outstanding 110,175 107,892 109,254 107,508 Diluted earnings per share from continuing operations $ 2.66 $ 1.06 $ 5.35 $ 3.42 For the three months ended February 28, 2018 , basic and diluted earnings per share from discontinued operations were $0.06 and $0.05 , respectively. Both basic and diluted earnings per share from discontinued operations were $0.01 for the three months ended February 28, 2017 . For the nine months ended February 28, 2018 , basic and diluted earnings per share from discontinued operations were $0.57 and $0.55 , respectively. Both basic and diluted earnings per share from discontinued operations were $0.20 for the nine months ended February 28, 2017 . For the three months ended February 28, 2018 and 2017 , options granted to purchase 1.0 million and 0.3 million shares of Cintas common stock, respectively, were excluded from the computation of diluted earnings per share. For the nine months ended February 28, 2018 and 2017 , options granted to purchase 0.8 million and 0.5 million shares of Cintas common stock 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 February 28, 2018 , no share buybacks have occurred under the August 2, 2016 program and there were no share buybacks under this program subsequent to February 28, 2018 through April 6, 2018 . For the nine months ended February 28, 2018 , Cintas acquired 0.3 million shares of Cintas common stock for employee payroll taxes due on restricted stock awards that vested during the nine months ended February 28, 2018 . These shares were acquired at an average price of $130.00 per share for a total purchase price of $37.0 million .

Goodwill, Service Contracts and

Goodwill, Service Contracts and Other Assets	9 Months Ended
	Feb. 28, 2018
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 nine months ended February 28, 2018 , 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) 29,444 81 5,939 35,464 Foreign currency translation 1,032 992 44 2,068 Balance as of February 28, 2018 $ 2,478,546 $ 244,185 $ 97,136 $ 2,819,867 (1) Adjustments to the G&K preliminary purchase price allocation represent $27.1 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 1,635 440 4,309 6,384 Service contracts amortization (33,701 ) (2,910 ) (3,658 ) (40,269 ) Foreign currency translation 4,243 131 — 4,374 Balance as of February 28, 2018 $ 502,100 $ 27,723 $ 27,654 $ 557,477 Information regarding Cintas’ service contracts and other assets is as follows: As of February 28, 2018 (In thousands) Carrying Amount Accumulated Amortization Net Service contracts $ 923,020 $ 365,543 $ 557,477 Noncompete and consulting agreements $ 41,358 $ 39,740 $ 1,618 Other 33,562 9,614 23,948 Total other assets $ 74,920 $ 49,354 $ 25,566 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 $15.7 million and $3.3 million for the three months ended February 28, 2018 and 2017 , respectively. Amortization expense for service contracts and other assets for continuing operations was $45.5 million and $9.6 million for the nine months ended February 28, 2018 and 2017 , respectively. Estimated amortization expense for service contracts and other assets, excluding any future acquisitions, for each of the next five full fiscal years and thereafter is $61.6 million , $60.2 million , $54.4 million , $52.4 million , $44.2 million and $284.5 million , respectively. The increase in amortization expense in the current year and for the next five years, in comparison to the prior fiscal years, is the result of the G&K acquisition.

Debt, Derivatives and Hedging A

Debt, Derivatives and Hedging Activities	9 Months Ended
	Feb. 28, 2018
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 February 28, 2018 May 31, 2017 Debt due within one year Commercial paper 1.93 % (1) Various Various $ 187,500 $ 50,500 Senior notes 6.13 % 2008 2018 — 300,000 Current portion of term loan 2.00 % (2) 2017 2018 — 12,500 Debt issuance costs — (100 ) Total debt due within one year $ 187,500 $ 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 52,228 52,554 Senior notes (4) 3.11 % 2015 2025 52,393 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 (19,861 ) (22,075 ) Total debt due after one year $ 2,534,760 $ 2,770,624 (1) Variable rate debt instrument. The rate presented is the variable borrowing rate at February 28, 2018. (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 February 28, 2018 were $2,742.1 million and $2,789.6 million , respectively, and as of May 31, 2017 were $3,156.0 million and $3,296.8 million , respectively. In the first quarter of fiscal 2018, Cintas paid off the term loan balance of $250.0 million with cash on hand. On December 1, 2017, in accordance with the terms of the notes, Cintas paid the $300.0 million aggregate principal amount of its 6.13% 10 -year senior notes that matured on that date with cash on hand and $265.0 million in proceeds from the issuance of commercial paper. During nine months ended February 28, 2018, Cintas issued $137.0 million , net of commercial paper. 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 the first quarter of fiscal 2018. 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 credit agreement is September 15, 2021. As of February 28, 2018 , there was $187.5 million of commercial paper outstanding with a weighted average interest rate of 1.93% 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 $0.3 million for the three months ended February 28, 2018 and an increase to other comprehensive income of $0.4 million for the three months ended February 28, 2017 . For the nine months ended February 28, 2018 and 2017 , the amortization of the cash flow hedges resulted in a decrease to other comprehensive income of $0.6 million and an increase to other comprehensive income of $1.2 million , respectively. 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	9 Months Ended
	Feb. 28, 2018
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 February 28, 2018 and May 31, 2017, recorded unrecognized tax benefits were $18.5 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 nine months ended February 28, 2018 is primarily related to an adjustment to the preliminary purchase price allocation for the G&K acquisition. All U.S. federal income tax returns are closed to audit through fiscal 2014. 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. On December 22, 2017, the President signed into legislation the Tax Cuts and Jobs Act (the Tax Act). Among other changes, the Tax Act reduces the U.S. corporate tax rate from 35% to 21% and requires companies to pay a one-time transition tax on earnings of foreign subsidiaries. The Tax Act also includes provisions that are expected to offset some of the benefit of the U.S. corporate tax rate reduction, including the repeal of the deduction for domestic production activities and the expansion of the limitation on the deduction of certain executive compensation. In addition, the Tax Act alters the landscape of taxation of non-U.S. operations and provides immediate deductions for certain new investments, among other provisions. Cintas’ effective tax rate for continuing operations was (69.5)% and 34.4% for the three months ended February 28, 2018 and 2017, respectively. For the nine months ended February 28, 2018 and 2017 , Cintas' effective tax rate for continuing operations was 0.9% and 32.5% , respectively. The effective tax rate for the three and nine month periods ended February 28, 2018 were primarily impacted by the reduced U.S. corporate tax rate, which was partially offset by other provisions of the Tax Act, and resulted in a net favorable discrete provisional adjustment of $150.5 million related to the Tax Act. The net favorable discrete provisional adjustment is discussed in more detail in the following paragraphs. The three and nine month periods ended February 28, 2017 were also impacted by certain discrete items (primarily the tax accounting for stock-based compensation). In acknowledgment of the substantial changes incorporated in the U.S. Tax Reform, in conjunction with the timing of the enactment being just weeks before the majority of the provisions became effective, the SEC staff issued Staff Accounting Bulletin ("SAB") 118 to provide certain guidance in determining the accounting for income tax effects of the legislation in the accounting period of enactment as well as provide a measurement period within which to finalize and reflect such final effects associated with U.S. Tax Reform. During the three months ended February 28, 2018, enactment of the Tax Act resulted in the following provisional impacts on income tax expense: Provisional Deferred Tax Revaluation Cintas’ net deferred income taxes represent benefits that will be used to reduce corporate taxes expected to be paid as well as differences between the tax bases and carrying amounts of assets and liabilities that will result in taxable or deductible amounts in future years. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in years in which those temporary differences are expected to be recovered or settled. As changes in tax laws or rates occur, deferred tax assets and liabilities are adjusted through income tax expense in the period changes are enacted. Upon enactment of the Tax Act, Cintas revalued its deferred tax assets and liabilities based on the rates at which they are expected to reverse in future periods (primarily at the newly enacted 21% U.S. corporate tax rate). Cintas will continue to revise certain aspects of the calculation, which could potentially affect the measurement of these balances or give rise to new deferred tax amounts. The provisional amount related to the revaluation of the net deferred tax liability balance was a benefit of $163.8 million , which was recognized as a component of income tax expense for the three months ended February 28, 2018. Provisional Transition Tax The one-time transition tax is based on Cintas’ post 1986 earnings and profits (E&P) of foreign subsidiaries that were previously deferred for U.S. Income tax purposes. Cintas recorded a provisional transition tax liability, net of foreign tax credits, of $9.5 million that was recognized as additional income tax expense during the three months ended February 28, 2018. Cintas is still revising the transition tax calculation, and this amount is subject to change based on computation of final fiscal 2018 E&P and the amounts held in cash and cash equivalents at the end of fiscal 2018. Provisional Foreign Withholding Tax Foreign withholding taxes of $3.8 million have been recognized on certain non-U.S. earnings subject to repatriation that were previously tax deferred. This is a provisional estimate and may change based on final E&P computations through fiscal 2018. We will continue to monitor those earnings we believe to be permanently reinvested in foreign operations, if any. As of February 28, 2018, the estimated impacts of the Tax Act recorded during the three months ended February 28, 2018 are provisional in nature. Cintas will continue to assess the impact of the Tax Act and will record adjustments through the income tax provision in the relevant period as amounts are known and reasonably estimable during the measurement period. As Cintas has not completed the final analysis of the tax impact of the Tax Act, the impact of the Tax Act may differ from Cintas’ quarterly provisional estimates due to information currently unavailable, changes in interpretations, the issuance of additional guidance and changes in assumptions, including actions Cintas may take in future periods as a result of the Tax Act. However, Cintas has recognized a reasonable estimate of the effects of the Tax Act on its deferred tax balances, the one-time transition tax and the withholding taxes related to foreign cash distributions within the consolidated condensed financial statements for the three months ending February 28, 2018. Given the effective date of the U.S. corporate tax rate reduction in the Tax Act, Cintas’ statutory federal corporate tax rate for fiscal 2018 will be a blended rate of 29.17% and will decline to 21% for fiscal 2019 and beyond.

Acquisitions

Acquisitions	9 Months Ended
	Feb. 28, 2018
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. During the nine months ended February 28, 2018, $28.3 million of adjustments related to deferred taxes and $1.2 million of adjustments related to income taxes, current 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 February 28, 2018 , 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 15,873 Prepaid expenses and other current assets 43,235 Property and equipment 254,035 Goodwill 1,520,295 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 (214,702 ) 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 and nine months ended February 28, 2017 includes G&K's publicly reported results for the period of July 2, 2016 through December 31, 2016 annualized and adjusted for number of working days in Cintas' first, second and third quarters of fiscal 2017. Three Months Ended Nine Months Ended (In thousands except per share data) February 28, 2017 February 28, 2017 Net sales $ 1,494,918 $ 4,521,542 Net income from continuing operations $ 126,490 $ 404,110 Earnings from continuing operations per common share - diluted $ 1.15 $ 3.69 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 February 28, 2018 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	9 Months Ended
	Feb. 28, 2018
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 February 28, 2018 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 are as follows: Three Months Ended Nine Months Ended (In thousands) February 28, 2018 February 28, 2018 Interest cost $ 711 $ 2,132 Expected return on assets (716 ) (2,148 ) Amortization of net loss — — Total net periodic benefit cost $ (5 ) $ (16 )

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Feb. 28, 2018
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 Other comprehensive loss before reclassifications (11,374 ) — (20 ) (11,394 ) Amounts reclassified from accumulated other comprehensive income (loss) — (172 ) — (172 ) Net current period other comprehensive loss (11,374 ) (172 ) (20 ) (11,566 ) Balance at November 30, 2017 11,084 11,038 (1,685 ) 20,437 Other comprehensive income before reclassifications 2,374 — — 2,374 Amounts reclassified from accumulated other comprehensive income (loss) — (294 ) — (294 ) Net current period other comprehensive income (loss) 2,374 (294 ) — 2,080 Balance at February 28, 2018 $ 13,458 $ 10,744 $ (1,685 ) $ 22,517 (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 ) Other comprehensive (loss) income before reclassifications (7,650 ) 26,390 1 18,741 Amounts reclassified from accumulated other comprehensive income (loss) — 385 — 385 Net current period other comprehensive (loss) income (7,650 ) 26,775 1 19,126 Balance at November 30, 2016 (10,009 ) (5,707 ) (1,570 ) (17,286 ) Other comprehensive income before reclassifications 2,400 2,560 — 4,960 Amounts reclassified from accumulated other comprehensive income (loss) — 385 — 385 Net current period other comprehensive income 2,400 2,945 — 5,345 Balance at February 28, 2017 $ (7,609 ) $ (2,762 ) $ (1,570 ) $ (11,941 ) 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 Nine Months Ended (In thousands) February 28, 2018 February 28, 2017 February 28, 2018 February 28, 2017 Amortization of interest rate locks $ 474 $ (615 ) $ 1,030 $ (1,845 ) Interest expense Tax (expense) benefit (180 ) 230 (392 ) 690 Income taxes Amortization of interest rate locks, net of tax $ 294 $ (385 ) $ 638 $ (1,155 ) Net income

Segment Information

Segment Information	9 Months Ended
	Feb. 28, 2018
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 For the three months ended Revenue $ 1,284,516 $ 137,327 $ 167,295 $ — $ 1,589,138 Income (loss) before income taxes $ 173,287 $ 16,705 $ 10,032 $ (25,517 ) $ 174,507 For the three months ended Revenue $ 988,178 $ 124,239 $ 142,950 $ — $ 1,255,367 Income (loss) before income taxes $ 171,933 $ 12,235 $ 7,823 $ (13,685 ) $ 178,306 As of and for the nine months ended Revenue $ 3,904,338 $ 416,999 $ 485,745 $ — $ 4,807,082 Income (loss) before income taxes $ 596,011 $ 54,091 $ 34,232 $ (84,375 ) $ 599,959 Total assets $ 5,900,987 $ 472,982 $ 368,368 $ 186,256 $ 6,928,593 As of and for the nine months ended Revenue $ 2,982,475 $ 373,875 $ 436,744 $ — $ 3,793,094 Income (loss) before income taxes $ 533,668 $ 38,525 $ 24,191 $ (41,028 ) $ 555,356 Total assets $ 3,283,382 $ 452,397 $ 348,703 $ 186,682 $ 4,271,164 (1) Corporate assets include cash and marketable securities in all periods. Corporate assets as of February 28, 2017 include the assets of Discontinued Services, which were classified as held for sale at May 31, 2017 and sold during the nine months ended February 28, 2018.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Feb. 28, 2018
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations In fiscal 2018, Cintas sold a significant business referred to as Discontinued Services and received proceeds from the sale of $127.8 million . 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. During the nine months ended February 28, 2017, we received additional proceeds related to contingent consideration on the sale of Shred-it. Cintas realized a pre-tax gain of $25.9 million as a result of the additional consideration received. As of February 28, 2018 , Cintas still has the opportunity to receive additional consideration, subject to certain holdback provisions. Because of the uncertainty surrounding the holdback provision, this opportunity represents a gain contingency that has not been recorded. Following is selected financial information included in net income from discontinued operations for Discontinued Services and Shred-it: Three Months Ended Nine Months Ended (In thousands) February 28, 2018 February 28, 2017 (1) February 28, 2018 February 28, 2017 (1) Revenue $ — $ 25,768 $ 10,773 $ 79,094 Income (loss) before income taxes 149 3,160 (2,333 ) 8,586 Income tax (expense) benefit (242 ) (2,109 ) 678 (4,148 ) Gain on sale of business — — 99,060 — Gain on Shred-it — — — 25,876 Income tax benefit (expense) on net gain 6,399 — (35,624 ) (8,953 ) Net income from discontinued operations $ 6,306 $ 1,051 $ 61,781 $ 21,361 (1) The results of Discontinued Services for the three and nine months ended February 28, 2017 were previously included in continuing operations.

G&K Services, Inc. Transaction

G&K Services, Inc. Transaction and Integration Expenses	9 Months Ended
	Feb. 28, 2018
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 $9.8 million and $9.3 million in transaction and integration expenses during the three months ended February 28, 2018 and 2017 , respectively, and $26.9 million and $15.5 million during the nine months ended February 28, 2018 and 2017 , respectively. The $9.8 million of costs incurred in the three months ended February 28, 2018 related to integration expenses directly related to the acquisition. During the nine months ended February 28, 2018 , the costs incurred related to $25.9 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 and nine months ended February 28, 2017 related primarily to legal and professional fees directly related to the acquisition. As of February 28, 2018 and May 31, 2017, employee termination benefits included in accrued compensation and related liabilities on the consolidated condensed balance sheet was $13.4 million and $24.3 million , respectively. The amount of employee termination benefits paid during the three and nine months ended February 28, 2018 was $2.3 million and $11.9 million , respectively. We anticipate the remaining accrued employee termination benefits will generally be paid over the next 12 months.

Supplemental Guarantor Informat

Supplemental Guarantor Information	9 Months Ended
	Feb. 28, 2018
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 $187.5 million aggregate principal amount of commercial paper and the $2,555.0 million aggregate principal amount of senior notes outstanding as of February 28, 2018 , 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. During fiscal 2018, the Company sold Discontinued Services (see Note 13) previously included in Cintas Corporation and Corp. 2. The sale of Discontinued Services has been reflected as discontinued operations as of the beginning of the earliest period presented herein. 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 February 28, 2018 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 1,059,184 $ 169,308 $ 100,941 $ (44,917 ) $ 1,284,516 Other — 437,042 56 21,396 (153,872 ) 304,622 Equity in net income of affiliates 295,789 — — — (295,789 ) — 295,789 1,496,226 169,364 122,337 (494,578 ) 1,589,138 Costs and expenses (income): Cost of uniform rental and facility services — 617,276 106,066 64,952 (70,156 ) 718,138 Cost of other — 301,217 (24,654 ) 14,888 (120,914 ) 170,537 Selling and administrative expenses — 491,924 (28,110 ) 33,959 (7,155 ) 490,618 G&K Services, Inc. transaction and integration expenses — 5,101 3,968 752 — 9,821 Operating income 295,789 80,708 112,094 7,786 (296,353 ) 200,024 Interest income — (103 ) (24 ) (259 ) 2 (384 ) Interest expense (income) — 26,105 (207 ) 3 — 25,901 Income before income taxes 295,789 54,706 112,325 8,042 (296,355 ) 174,507 Income tax (benefit) expense — (88,275 ) (38,777 ) 5,820 (50 ) (121,282 ) Income from continuing operations 295,789 142,981 151,102 2,222 (296,305 ) 295,789 Income (loss) from discontinued operations, net of tax 6,306 7,269 (1,012 ) — (6,257 ) 6,306 Net income $ 302,095 $ 150,250 $ 150,090 $ 2,222 $ (302,562 ) $ 302,095 Consolidating Condensed Income Statement Three Months Ended February 28, 2017 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 821,386 $ 147,293 $ 57,082 $ (37,583 ) $ 988,178 Other — 383,043 297 16,672 (132,823 ) 267,189 Equity in net income of affiliates 116,954 — — — (116,954 ) — 116,954 1,204,429 147,590 73,754 (287,360 ) 1,255,367 Costs and expenses (income): Cost of uniform rental and facility services — 472,256 92,273 36,877 (58,616 ) 542,790 Cost of other — 264,965 (19,449 ) 12,462 (105,325 ) 152,653 Selling and administrative expenses — 396,225 (51,465 ) 20,883 (7,054 ) 358,589 G&K Services, Inc. transaction and integration expenses — — 9,344 — — 9,344 Operating income 116,954 70,983 116,887 3,532 (116,365 ) 191,991 Interest income — (2 ) (6 ) (4 ) 1 (11 ) Interest expense (income) — 14,981 (1,193 ) (92 ) — 13,696 Income before income taxes 116,954 56,004 118,086 3,628 (116,366 ) 178,306 Income taxes — 19,186 40,474 1,712 (20 ) 61,352 Income from continuing operations 116,954 36,818 77,612 1,916 (116,346 ) 116,954 Income from discontinued operations, net of tax 1,051 791 447 9 (1,247 ) 1,051 Net income $ 118,005 $ 37,609 $ 78,059 $ 1,925 $ (117,593 ) $ 118,005 Consolidating Condensed Income Statement Nine Months Ended February 28, 2018 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 3,245,720 $ 504,523 $ 298,469 $ (144,374 ) $ 3,904,338 Other — 1,299,883 50 63,686 (460,875 ) 902,744 Equity in net income of affiliates 594,634 — — — (594,634 ) — 594,634 4,545,603 504,573 362,155 (1,199,883 ) 4,807,082 Costs and expenses (income): Cost of uniform rental and facility services — 1,867,547 311,039 190,689 (220,314 ) 2,148,961 Cost of other — 892,201 (69,369 ) 45,061 (365,957 ) 501,936 Selling and administrative expenses — 1,531,248 (161,065 ) 95,076 (20,274 ) 1,444,985 G&K Services, Inc. transaction and integration expenses — 10,814 14,722 1,330 — 26,866 Operating income 594,634 243,793 409,246 29,999 (593,338 ) 684,334 Interest income — (179 ) (182 ) (613 ) 2 (972 ) Interest expense (income) — 86,110 (659 ) (104 ) — 85,347 Income before income taxes 594,634 157,862 410,087 30,716 (593,340 ) 599,959 Income tax (benefit) expense — (57,256 ) 50,760 11,915 (94 ) 5,325 Income from continuing operations 594,634 215,118 359,327 18,801 (593,246 ) 594,634 Income (loss) from discontinued operations, net of tax 61,781 71,643 (9,911 ) — (61,732 ) 61,781 Net income $ 656,415 $ 286,761 $ 349,416 $ 18,801 $ (654,978 ) $ 656,415 Consolidating Condensed Income Statement Nine Months Ended February 28, 2017 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 2,489,238 $ 446,327 $ 172,355 $ (125,445 ) $ 2,982,475 Other — 1,162,088 1,898 53,709 (407,076 ) 810,619 Equity in net income of affiliates 375,112 — — — (375,112 ) — 375,112 3,651,326 448,225 226,064 (907,633 ) 3,793,094 Costs and expenses (income): Cost of uniform rental and facility services — 1,430,876 277,268 111,594 (188,353 ) 1,631,385 Cost of other — 800,503 (53,929 ) 39,926 (326,360 ) 460,140 Selling and administrative expenses — 1,202,428 (150,455 ) 59,851 (22,117 ) 1,089,707 G&K Services, Inc. transaction and integration expenses — — 15,478 — — 15,478 Operating income 375,112 217,519 359,863 14,693 (370,803 ) 596,384 Interest income — (2 ) (30 ) (77 ) 2 (107 ) Interest expense (income) — 44,336 (3,071 ) (130 ) — 41,135 Income before income taxes 375,112 173,185 362,964 14,900 (370,805 ) 555,356 Income taxes — 56,490 118,652 5,176 (74 ) 180,244 Income from continuing operations 375,112 116,695 244,312 9,724 (370,731 ) 375,112 Income from discontinued operations, net of tax 21,361 19,789 447 1,950 (22,186 ) 21,361 Net income $ 396,473 $ 136,484 $ 244,759 $ 11,674 $ (392,917 ) $ 396,473 Consolidating Condensed Statement of Comprehensive Income Three Months Ended February 28, 2018 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 302,095 $ 150,250 $ 150,090 $ 2,222 $ (302,562 ) $ 302,095 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments 2,374 — — 2,374 (2,374 ) 2,374 Amortization of interest rate lock agreements (294 ) (294 ) — — 294 (294 ) Other comprehensive income (loss) 2,080 (294 ) — 2,374 (2,080 ) 2,080 Comprehensive income $ 304,175 $ 149,956 $ 150,090 $ 4,596 $ (304,642 ) $ 304,175 Consolidating Condensed Statement of Comprehensive Income Three Months Ended February 28, 2017 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 118,005 $ 37,609 $ 78,059 $ 1,925 $ (117,593 ) $ 118,005 Other comprehensive income, net of tax: Foreign currency translation adjustments 2,400 — — 2,400 (2,400 ) 2,400 Change in fair value of cash flow hedges 2,560 2,560 — — (2,560 ) 2,560 Amortization of interest rate lock agreements 385 385 — — (385 ) 385 Other comprehensive income 5,345 2,945 — 2,400 (5,345 ) 5,345 Comprehensive income $ 123,350 $ 40,554 $ 78,059 $ 4,325 $ (122,938 ) $ 123,350 Consolidating Condensed Statement of Comprehensive Income Nine Months Ended February 28, 2018 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 656,415 $ 286,761 $ 349,416 $ 18,801 $ (654,978 ) $ 656,415 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments 26,184 — — 26,184 (26,184 ) 26,184 Amortization of interest rate lock agreements (638 ) (638 ) — — 638 (638 ) Other comprehensive income (loss) 25,546 (638 ) — 26,184 (25,546 ) 25,546 Comprehensive income $ 681,961 $ 286,123 $ 349,416 $ 44,985 $ (680,524 ) $ 681,961 Consolidating Condensed Statement of Comprehensive Income Nine Months Ended February 28, 2017 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 396,473 $ 136,484 $ 244,759 $ 11,674 $ (392,917 ) $ 396,473 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments (5,135 ) — — (5,135 ) 5,135 (5,135 ) Change in fair value of cash flow hedges 16,913 16,913 — — (16,913 ) 16,913 Amortization of interest rate lock agreements 1,155 1,155 — — (1,155 ) 1,155 Other comprehensive income (loss) 12,933 18,068 — (5,135 ) (12,933 ) 12,933 Comprehensive income $ 409,406 $ 154,552 $ 244,759 $ 6,539 $ (405,850 ) $ 409,406 Consolidating Condensed Balance Sheet As of February 28, 2018 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 45,105 $ 15,109 $ 92,349 $ — $ 152,563 Marketable securities — — — 33,693 — 33,693 Accounts receivable, net — 601,742 117,281 60,197 — 779,220 Inventories, net — 224,418 36,861 13,540 — 274,819 Uniforms and other rental items in service — 566,950 80,852 53,738 (19,102 ) 682,438 Income taxes, current — (9,604 ) 26,083 5,172 — 21,651 Prepaid expenses and other current assets — 11,877 22,147 1,168 — 35,192 Total current assets — 1,440,488 298,333 259,857 (19,102 ) 1,979,576 Property and equipment, net — 883,749 370,764 113,067 — 1,367,580 Investments (1) 321,083 3,599,114 949,739 1,714,070 (6,405,479 ) 178,527 Goodwill — — 2,778,361 41,618 (112 ) 2,819,867 Service contracts, net — 477,353 — 80,124 — 557,477 Other assets, net 2,107,667 515 3,637,566 15,932 (5,736,114 ) 25,566 $ 2,428,750 $ 6,401,219 $ 8,034,763 $ 2,224,668 $ (12,160,807 ) $ 6,928,593 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ (465,247 ) $ (1,610,462 ) $ 2,334,145 $ (124,204 ) $ 37,949 $ 172,181 Accrued compensation and related liabilities — 82,519 56,234 6,313 — 145,066 Accrued liabilities — 124,021 260,301 28,504 — 412,826 Debt due within one year — 187,500 — — — 187,500 Total current liabilities (465,247 ) (1,216,422 ) 2,650,680 (89,387 ) 37,949 917,573 Long-term liabilities: Debt due after one year — 2,534,370 — 390 — 2,534,760 Deferred income taxes — 222,968 107,306 46,391 — 376,665 Accrued liabilities — 40,006 164,312 1,280 — 205,598 Total long-term liabilities — 2,797,344 271,618 48,061 — 3,117,023 Total shareholders’ equity 2,893,997 4,820,297 5,112,465 2,265,994 (12,198,756 ) 2,893,997 $ 2,428,750 $ 6,401,219 $ 8,034,763 $ 2,224,668 $ (12,160,807 ) $ 6,928,593 (1) Investments include inter-company investment activity. Corp 2 and Subsidiary Guarantors hold $ 21.1 million and $ 157.5 million , respectively, of the $ 178.5 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 Nine Months Ended February 28, 2018 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 656,415 $ 286,761 $ 349,416 $ 18,801 $ (654,978 ) $ 656,415 Adjustments to reconcile net income to net cash provided by operating activities Depreciation — 94,846 52,162 10,311 — 157,319 Amortization of intangible assets — 37,338 3,824 6,421 — 47,583 Stock-based compensation 86,044 — — — — 86,044 Gain on sale of business — (114,581 ) 15,521 — — (99,060 ) Deferred income taxes — (82,475 ) (39,692 ) 1,739 (120,428 ) Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (57,631 ) 20,615 (3,030 ) — (40,046 ) Inventories, net — 17,558 (15,487 ) 3,326 (1,386 ) 4,011 Uniforms and other rental items in service — (33,728 ) (2,748 ) (7,683 ) 109 (44,050 ) Prepaid expenses and other current assets — 1,252 (19,495 ) 318 — (17,925 ) Accounts payable — 3,657 23,201 (27,279 ) (159 ) (580 ) Accrued compensation and related liabilities — (12,519 ) 13,106 (2,796 ) — (2,209 ) Accrued liabilities and other — (85,980 ) 91,624 5,353 — 10,997 Income taxes, current — 25,777 (930 ) (2,054 ) — 22,793 Net cash provided by operating activities 742,459 80,275 491,117 3,427 (656,414 ) 660,864 Cash flows from investing activities: Capital expenditures — (127,736 ) (59,018 ) (9,286 ) — (196,040 ) Proceeds from redemption of marketable securities and investments — 13,589 (1,189 ) 133,902 — 146,302 Purchase of marketable securities and investments — 6,343 (22,521 ) (144,350 ) 3,000 (157,528 ) Proceeds from sale of business — 127,835 — — — 127,835 Acquisitions of businesses — (12,298 ) — — — (12,298 ) Other, net (565,726 ) 323,643 (413,382 ) 3,797 653,414 1,746 Net cash (used in) provided by investing activities (565,726 ) 331,376 (496,110 ) (15,937 ) 656,414 (89,983 ) Cash flows from financing activities: Payments of commercial paper, net — 137,000 — — — 137,000 Proceeds from issuance of debt — — 2,810 (2,810 ) — — Repayment of debt — (550,000 ) — — — (550,000 ) Proceeds from exercise of stock-based compensation awards 35,838 — — — — 35,838 Dividends paid (175,521 ) — — (68 ) — (175,589 ) Repurchase of common stock (37,050 ) — — — — (37,050 ) Other, net — (2,204 ) (10 ) (275 ) — (2,489 ) Net cash (used in) provided by financing activities (176,733 ) (415,204 ) 2,800 (3,153 ) — (592,290 ) Effect of exchange rate changes on cash and cash equivalents — — — 4,706 — 4,706 Net decrease in cash and cash equivalents — (3,553 ) (2,193 ) (10,957 ) — (16,703 ) Cash and cash equivalents at beginning of period — 48,658 17,302 103,306 — 169,266 Cash and cash equivalents at end of period $ — $ 45,105 $ 15,109 $ 92,349 $ — $ 152,563 Consolidating Condensed Statement of Cash Flows Nine Months Ended February 28, 2017 (In thousands Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 396,473 $ 136,484 $ 244,759 $ 11,674 $ (392,917 ) $ 396,473 Adjustments to reconcile net income to net cash provided by operating activities Depreciation — 79,459 33,697 7,337 — 120,493 Amortization of intangible assets — 10,288 262 671 — 11,221 Stock-based compensation 63,578 — — — — 63,578 Gain on Shred-it — (23,935 ) — (1,941 ) — (25,876 ) Deferred income taxes — (11,104 ) 7,406 226 — (3,472 ) Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (21,965 ) (5,959 ) (722 ) — (28,646 ) Inventories, net — (21,588 ) 2,079 (2,177 ) (1,678 ) (23,364 ) Uniforms and other rental items in service — 3,662 (2,753 ) 1,031 (1,993 ) (53 ) Prepaid expenses and other current assets — (6,460 ) (5,037 ) 110 — (11,387 ) Accounts payable — (36,312 ) 45,593 6,143 114 15,538 Accrued compensation and related liabilities — (3,243 ) (3,099 ) 530 — (5,812 ) Accrued liabilities and other — (10,958 ) 5,110 (231 ) — (6,079 ) Income taxes, current — 10,886 (29,632 ) (110 ) — (18,856 ) Net cash provided by operating activities 460,051 105,214 292,426 22,541 (396,474 ) 483,758 Cash flows from investing activities: Capital expenditures — (125,995 ) (77,025 ) (15,601 ) — (218,621 ) Proceeds from redemption of marketable securities — — — 172,506 — 172,506 Purchase of marketable securities and investments — (5,644 ) (41,180 ) (102,418 ) 23,608 (125,634 ) Proceeds from sale of investment in Shred-it — 23,935 — 1,941 — 25,876 Acquisitions of businesses, net of cash acquired — (9,097 ) — (10,533 ) — (19,630 ) Other, net (322,723 ) 166,718 (218,390 ) 1,557 372,866 28 Net cash (used in) provided by investing activities (322,723 ) 49,917 (336,595 ) 47,452 396,474 (165,475 ) Cash flows from financing activities: Issuance of commercial paper, net — 99,500 — — — 99,500 Proceeds from issuance of debt — — (2,000 ) 2,000 — — Repayment of debt — (250,000 ) — — — (250,000 ) Prepaid short-term debt financing fees — (13,949 ) — — — (13,949 ) Proceeds from exercise of stock-based compensation awards 25,114 — — — — 25,114 Dividends paid (142,388 ) — — (56 ) — (142,444 ) Repurchase of common stock (20,054 ) — — — — (20,054 ) Other, net — (5,801 ) — — — (5,801 ) Net cash (used in) provided by financing activities (137,328 ) (170,250 ) (2,000 ) 1,944 — (307,634 ) Effect of exchange rate changes on cash and cash equivalents — — — (2,762 ) — (2,762 ) Net (decrease) increase in cash and cash equivalents — (15,119 ) (46,169 ) 69,175 — 7,887 Cash and cash equivalents at beginning of period — 57,893 55,392 26,072 — 139,357 Cash and cash equivalents at end of period $ — $ 42,774 $ 9,223 $ 95,247 $ — $ 147,244

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	9 Months Ended
	Feb. 28, 2018
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. Based on our preliminary analysis, we currently do not believe the adoption of this guidance will have a material impact on our consolidated condensed financial statements. Based on our evaluation of each revenue stream, we believe that most revenue transactions will be accounted for in a manner substantially consistent with existing guidance. The majority of our business services revenue transactions represent a series of distinct services over the term of the contract where performance obligations are the same each day. Our implementation activities related to this standard are aligned to meeting the required adoption date. The largest impacts to the Company’s financial statements will result from the new qualitative and quantitative disclosures that will be required upon adoption of the new standard, and the capitalization of certain direct and incremental contract costs that will be required to be capitalized and amortized over the life of the corresponding period of benefit. We have concluded that we will apply the modified retrospective adoption alternative for this standard. Processes and controls are currently being implemented to identify and quantify the cumulative effect adjustment to retained earnings as of June 1, 2018. 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, Accounting Standards Codification (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)	9 Months Ended
	Feb. 28, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Inventory	Inventory is comprised of the following amounts at: (In thousands) February 28, May 31, Raw materials $ 18,821 $ 17,528 Work in process 25,135 17,951 Finished goods 230,863 242,739 $ 274,819 $ 278,218

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Feb. 28, 2018
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 February 28, 2018 (In thousands) Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 152,563 $ — $ — $ 152,563 Marketable securities: Canadian treasury securities — 33,693 — 33,693 Total assets at fair value $ 152,563 $ 33,693 $ — $ 186,256 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)	9 Months Ended
	Feb. 28, 2018
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 Nine Months Ended Basic Earnings per Share from Continuing Operations (in thousands except per share data) February 28, February 28, February 28, February 28, Income from continuing operations $ 295,789 $ 116,954 $ 594,634 $ 375,112 Less: income from continuing operations allocated to participating securities 5,248 2,573 10,546 7,348 Income from continuing operations available to common shareholders $ 290,541 $ 114,381 $ 584,088 $ 367,764 Basic weighted average common shares outstanding 106,558 105,093 106,210 104,842 Basic earnings per share from continuing operations $ 2.73 $ 1.09 $ 5.50 $ 3.51 Three Months Ended Nine Months Ended Diluted Earnings per Share from Continuing Operations (in thousands except per share data) February 28, February 28, February 28, February 28, Income from continuing operations $ 295,789 $ 116,954 $ 594,634 $ 375,112 Less: income from continuing operations allocated to participating securities 5,248 2,573 10,546 7,348 Income from continuing operations available to common shareholders $ 290,541 $ 114,381 $ 584,088 $ 367,764 Basic weighted average common shares outstanding 106,558 105,093 106,210 104,842 Effect of dilutive securities – employee stock options 3,617 2,799 3,044 2,666 Diluted weighted average common shares outstanding 110,175 107,892 109,254 107,508 Diluted earnings per share from continuing operations $ 2.66 $ 1.06 $ 5.35 $ 3.42

Goodwill, Service Contracts a27

Goodwill, Service Contracts and Other Assets (Tables)	9 Months Ended
	Feb. 28, 2018
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 nine months ended February 28, 2018 , 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) 29,444 81 5,939 35,464 Foreign currency translation 1,032 992 44 2,068 Balance as of February 28, 2018 $ 2,478,546 $ 244,185 $ 97,136 $ 2,819,867 (1) Adjustments to the G&K preliminary purchase price allocation represent $27.1 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 1,635 440 4,309 6,384 Service contracts amortization (33,701 ) (2,910 ) (3,658 ) (40,269 ) Foreign currency translation 4,243 131 — 4,374 Balance as of February 28, 2018 $ 502,100 $ 27,723 $ 27,654 $ 557,477
Information Regarding Service Contracts and Other Assets	Information regarding Cintas’ service contracts and other assets is as follows: As of February 28, 2018 (In thousands) Carrying Amount Accumulated Amortization Net Service contracts $ 923,020 $ 365,543 $ 557,477 Noncompete and consulting agreements $ 41,358 $ 39,740 $ 1,618 Other 33,562 9,614 23,948 Total other assets $ 74,920 $ 49,354 $ 25,566 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)	9 Months Ended
	Feb. 28, 2018
Debt Disclosure [Abstract]
Summary of Debt Outstanding	Cintas' debt is summarized as follows: (In thousands) Interest Rate Fiscal Year Issued Fiscal Year Maturity February 28, 2018 May 31, 2017 Debt due within one year Commercial paper 1.93 % (1) Various Various $ 187,500 $ 50,500 Senior notes 6.13 % 2008 2018 — 300,000 Current portion of term loan 2.00 % (2) 2017 2018 — 12,500 Debt issuance costs — (100 ) Total debt due within one year $ 187,500 $ 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 52,228 52,554 Senior notes (4) 3.11 % 2015 2025 52,393 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 (19,861 ) (22,075 ) Total debt due after one year $ 2,534,760 $ 2,770,624 (1) Variable rate debt instrument. The rate presented is the variable borrowing rate at February 28, 2018. (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)	9 Months Ended
	Feb. 28, 2018
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 15,873 Prepaid expenses and other current assets 43,235 Property and equipment 254,035 Goodwill 1,520,295 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 (214,702 ) 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 and nine months ended February 28, 2017 includes G&K's publicly reported results for the period of July 2, 2016 through December 31, 2016 annualized and adjusted for number of working days in Cintas' first, second and third quarters of fiscal 2017. Three Months Ended Nine Months Ended (In thousands except per share data) February 28, 2017 February 28, 2017 Net sales $ 1,494,918 $ 4,521,542 Net income from continuing operations $ 126,490 $ 404,110 Earnings from continuing operations per common share - diluted $ 1.15 $ 3.69

Pension Plans (Tables)

Pension Plans (Tables)	9 Months Ended
	Feb. 28, 2018
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 are as follows: Three Months Ended Nine Months Ended (In thousands) February 28, 2018 February 28, 2018 Interest cost $ 711 $ 2,132 Expected return on assets (716 ) (2,148 ) Amortization of net loss — — Total net periodic benefit cost $ (5 ) $ (16 )

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Feb. 28, 2018
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 Other comprehensive loss before reclassifications (11,374 ) — (20 ) (11,394 ) Amounts reclassified from accumulated other comprehensive income (loss) — (172 ) — (172 ) Net current period other comprehensive loss (11,374 ) (172 ) (20 ) (11,566 ) Balance at November 30, 2017 11,084 11,038 (1,685 ) 20,437 Other comprehensive income before reclassifications 2,374 — — 2,374 Amounts reclassified from accumulated other comprehensive income (loss) — (294 ) — (294 ) Net current period other comprehensive income (loss) 2,374 (294 ) — 2,080 Balance at February 28, 2018 $ 13,458 $ 10,744 $ (1,685 ) $ 22,517 (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 ) Other comprehensive (loss) income before reclassifications (7,650 ) 26,390 1 18,741 Amounts reclassified from accumulated other comprehensive income (loss) — 385 — 385 Net current period other comprehensive (loss) income (7,650 ) 26,775 1 19,126 Balance at November 30, 2016 (10,009 ) (5,707 ) (1,570 ) (17,286 ) Other comprehensive income before reclassifications 2,400 2,560 — 4,960 Amounts reclassified from accumulated other comprehensive income (loss) — 385 — 385 Net current period other comprehensive income 2,400 2,945 — 5,345 Balance at February 28, 2017 $ (7,609 ) $ (2,762 ) $ (1,570 ) $ (11,941 )
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 Nine Months Ended (In thousands) February 28, 2018 February 28, 2017 February 28, 2018 February 28, 2017 Amortization of interest rate locks $ 474 $ (615 ) $ 1,030 $ (1,845 ) Interest expense Tax (expense) benefit (180 ) 230 (392 ) 690 Income taxes Amortization of interest rate locks, net of tax $ 294 $ (385 ) $ 638 $ (1,155 ) Net income

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Feb. 28, 2018
Segment Reporting [Abstract]
Information Related to Operating Segments	Information related to the operations of Cintas’ operating segments is set forth below: (In thousands) Uniform Rental and Facility Services First Aid and Safety Services All Other Corporate (1) Total For the three months ended Revenue $ 1,284,516 $ 137,327 $ 167,295 $ — $ 1,589,138 Income (loss) before income taxes $ 173,287 $ 16,705 $ 10,032 $ (25,517 ) $ 174,507 For the three months ended Revenue $ 988,178 $ 124,239 $ 142,950 $ — $ 1,255,367 Income (loss) before income taxes $ 171,933 $ 12,235 $ 7,823 $ (13,685 ) $ 178,306 As of and for the nine months ended Revenue $ 3,904,338 $ 416,999 $ 485,745 $ — $ 4,807,082 Income (loss) before income taxes $ 596,011 $ 54,091 $ 34,232 $ (84,375 ) $ 599,959 Total assets $ 5,900,987 $ 472,982 $ 368,368 $ 186,256 $ 6,928,593 As of and for the nine months ended Revenue $ 2,982,475 $ 373,875 $ 436,744 $ — $ 3,793,094 Income (loss) before income taxes $ 533,668 $ 38,525 $ 24,191 $ (41,028 ) $ 555,356 Total assets $ 3,283,382 $ 452,397 $ 348,703 $ 186,682 $ 4,271,164 (1) Corporate assets include cash and marketable securities in all periods. Corporate assets as of February 28, 2017 include the assets of Discontinued Services, which were classified as held for sale at May 31, 2017 and sold during the nine months ended February 28, 2018.

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Feb. 28, 2018
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 and Shred-it: Three Months Ended Nine Months Ended (In thousands) February 28, 2018 February 28, 2017 (1) February 28, 2018 February 28, 2017 (1) Revenue $ — $ 25,768 $ 10,773 $ 79,094 Income (loss) before income taxes 149 3,160 (2,333 ) 8,586 Income tax (expense) benefit (242 ) (2,109 ) 678 (4,148 ) Gain on sale of business — — 99,060 — Gain on Shred-it — — — 25,876 Income tax benefit (expense) on net gain 6,399 — (35,624 ) (8,953 ) Net income from discontinued operations $ 6,306 $ 1,051 $ 61,781 $ 21,361 (1) The results of Discontinued Services for the three and nine months ended February 28, 2017 were previously included in continuing operations.

Supplemental Guarantor Inform34

Supplemental Guarantor Information (Tables)	9 Months Ended
	Feb. 28, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Consolidating Condensed Income Statement	Consolidating Condensed Income Statement Three Months Ended February 28, 2018 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 1,059,184 $ 169,308 $ 100,941 $ (44,917 ) $ 1,284,516 Other — 437,042 56 21,396 (153,872 ) 304,622 Equity in net income of affiliates 295,789 — — — (295,789 ) — 295,789 1,496,226 169,364 122,337 (494,578 ) 1,589,138 Costs and expenses (income): Cost of uniform rental and facility services — 617,276 106,066 64,952 (70,156 ) 718,138 Cost of other — 301,217 (24,654 ) 14,888 (120,914 ) 170,537 Selling and administrative expenses — 491,924 (28,110 ) 33,959 (7,155 ) 490,618 G&K Services, Inc. transaction and integration expenses — 5,101 3,968 752 — 9,821 Operating income 295,789 80,708 112,094 7,786 (296,353 ) 200,024 Interest income — (103 ) (24 ) (259 ) 2 (384 ) Interest expense (income) — 26,105 (207 ) 3 — 25,901 Income before income taxes 295,789 54,706 112,325 8,042 (296,355 ) 174,507 Income tax (benefit) expense — (88,275 ) (38,777 ) 5,820 (50 ) (121,282 ) Income from continuing operations 295,789 142,981 151,102 2,222 (296,305 ) 295,789 Income (loss) from discontinued operations, net of tax 6,306 7,269 (1,012 ) — (6,257 ) 6,306 Net income $ 302,095 $ 150,250 $ 150,090 $ 2,222 $ (302,562 ) $ 302,095 Consolidating Condensed Income Statement Three Months Ended February 28, 2017 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 821,386 $ 147,293 $ 57,082 $ (37,583 ) $ 988,178 Other — 383,043 297 16,672 (132,823 ) 267,189 Equity in net income of affiliates 116,954 — — — (116,954 ) — 116,954 1,204,429 147,590 73,754 (287,360 ) 1,255,367 Costs and expenses (income): Cost of uniform rental and facility services — 472,256 92,273 36,877 (58,616 ) 542,790 Cost of other — 264,965 (19,449 ) 12,462 (105,325 ) 152,653 Selling and administrative expenses — 396,225 (51,465 ) 20,883 (7,054 ) 358,589 G&K Services, Inc. transaction and integration expenses — — 9,344 — — 9,344 Operating income 116,954 70,983 116,887 3,532 (116,365 ) 191,991 Interest income — (2 ) (6 ) (4 ) 1 (11 ) Interest expense (income) — 14,981 (1,193 ) (92 ) — 13,696 Income before income taxes 116,954 56,004 118,086 3,628 (116,366 ) 178,306 Income taxes — 19,186 40,474 1,712 (20 ) 61,352 Income from continuing operations 116,954 36,818 77,612 1,916 (116,346 ) 116,954 Income from discontinued operations, net of tax 1,051 791 447 9 (1,247 ) 1,051 Net income $ 118,005 $ 37,609 $ 78,059 $ 1,925 $ (117,593 ) $ 118,005 Consolidating Condensed Income Statement Nine Months Ended February 28, 2018 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 3,245,720 $ 504,523 $ 298,469 $ (144,374 ) $ 3,904,338 Other — 1,299,883 50 63,686 (460,875 ) 902,744 Equity in net income of affiliates 594,634 — — — (594,634 ) — 594,634 4,545,603 504,573 362,155 (1,199,883 ) 4,807,082 Costs and expenses (income): Cost of uniform rental and facility services — 1,867,547 311,039 190,689 (220,314 ) 2,148,961 Cost of other — 892,201 (69,369 ) 45,061 (365,957 ) 501,936 Selling and administrative expenses — 1,531,248 (161,065 ) 95,076 (20,274 ) 1,444,985 G&K Services, Inc. transaction and integration expenses — 10,814 14,722 1,330 — 26,866 Operating income 594,634 243,793 409,246 29,999 (593,338 ) 684,334 Interest income — (179 ) (182 ) (613 ) 2 (972 ) Interest expense (income) — 86,110 (659 ) (104 ) — 85,347 Income before income taxes 594,634 157,862 410,087 30,716 (593,340 ) 599,959 Income tax (benefit) expense — (57,256 ) 50,760 11,915 (94 ) 5,325 Income from continuing operations 594,634 215,118 359,327 18,801 (593,246 ) 594,634 Income (loss) from discontinued operations, net of tax 61,781 71,643 (9,911 ) — (61,732 ) 61,781 Net income $ 656,415 $ 286,761 $ 349,416 $ 18,801 $ (654,978 ) $ 656,415 Consolidating Condensed Income Statement Nine Months Ended February 28, 2017 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 2,489,238 $ 446,327 $ 172,355 $ (125,445 ) $ 2,982,475 Other — 1,162,088 1,898 53,709 (407,076 ) 810,619 Equity in net income of affiliates 375,112 — — — (375,112 ) — 375,112 3,651,326 448,225 226,064 (907,633 ) 3,793,094 Costs and expenses (income): Cost of uniform rental and facility services — 1,430,876 277,268 111,594 (188,353 ) 1,631,385 Cost of other — 800,503 (53,929 ) 39,926 (326,360 ) 460,140 Selling and administrative expenses — 1,202,428 (150,455 ) 59,851 (22,117 ) 1,089,707 G&K Services, Inc. transaction and integration expenses — — 15,478 — — 15,478 Operating income 375,112 217,519 359,863 14,693 (370,803 ) 596,384 Interest income — (2 ) (30 ) (77 ) 2 (107 ) Interest expense (income) — 44,336 (3,071 ) (130 ) — 41,135 Income before income taxes 375,112 173,185 362,964 14,900 (370,805 ) 555,356 Income taxes — 56,490 118,652 5,176 (74 ) 180,244 Income from continuing operations 375,112 116,695 244,312 9,724 (370,731 ) 375,112 Income from discontinued operations, net of tax 21,361 19,789 447 1,950 (22,186 ) 21,361 Net income $ 396,473 $ 136,484 $ 244,759 $ 11,674 $ (392,917 ) $ 396,473
Consolidating Condensed Statement of Comprehensive Income	Consolidating Condensed Statement of Comprehensive Income Three Months Ended February 28, 2018 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 302,095 $ 150,250 $ 150,090 $ 2,222 $ (302,562 ) $ 302,095 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments 2,374 — — 2,374 (2,374 ) 2,374 Amortization of interest rate lock agreements (294 ) (294 ) — — 294 (294 ) Other comprehensive income (loss) 2,080 (294 ) — 2,374 (2,080 ) 2,080 Comprehensive income $ 304,175 $ 149,956 $ 150,090 $ 4,596 $ (304,642 ) $ 304,175 Consolidating Condensed Statement of Comprehensive Income Three Months Ended February 28, 2017 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 118,005 $ 37,609 $ 78,059 $ 1,925 $ (117,593 ) $ 118,005 Other comprehensive income, net of tax: Foreign currency translation adjustments 2,400 — — 2,400 (2,400 ) 2,400 Change in fair value of cash flow hedges 2,560 2,560 — — (2,560 ) 2,560 Amortization of interest rate lock agreements 385 385 — — (385 ) 385 Other comprehensive income 5,345 2,945 — 2,400 (5,345 ) 5,345 Comprehensive income $ 123,350 $ 40,554 $ 78,059 $ 4,325 $ (122,938 ) $ 123,350 Consolidating Condensed Statement of Comprehensive Income Nine Months Ended February 28, 2018 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 656,415 $ 286,761 $ 349,416 $ 18,801 $ (654,978 ) $ 656,415 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments 26,184 — — 26,184 (26,184 ) 26,184 Amortization of interest rate lock agreements (638 ) (638 ) — — 638 (638 ) Other comprehensive income (loss) 25,546 (638 ) — 26,184 (25,546 ) 25,546 Comprehensive income $ 681,961 $ 286,123 $ 349,416 $ 44,985 $ (680,524 ) $ 681,961 Consolidating Condensed Statement of Comprehensive Income Nine Months Ended February 28, 2017 (In thousands) Cintas Corp. 2 Subsidiary Non- Eliminations Cintas Corporation Consolidated Net income $ 396,473 $ 136,484 $ 244,759 $ 11,674 $ (392,917 ) $ 396,473 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments (5,135 ) — — (5,135 ) 5,135 (5,135 ) Change in fair value of cash flow hedges 16,913 16,913 — — (16,913 ) 16,913 Amortization of interest rate lock agreements 1,155 1,155 — — (1,155 ) 1,155 Other comprehensive income (loss) 12,933 18,068 — (5,135 ) (12,933 ) 12,933 Comprehensive income $ 409,406 $ 154,552 $ 244,759 $ 6,539 $ (405,850 ) $ 409,406
Consolidating Condensed Balance Sheet	Consolidating Condensed Balance Sheet As of February 28, 2018 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 45,105 $ 15,109 $ 92,349 $ — $ 152,563 Marketable securities — — — 33,693 — 33,693 Accounts receivable, net — 601,742 117,281 60,197 — 779,220 Inventories, net — 224,418 36,861 13,540 — 274,819 Uniforms and other rental items in service — 566,950 80,852 53,738 (19,102 ) 682,438 Income taxes, current — (9,604 ) 26,083 5,172 — 21,651 Prepaid expenses and other current assets — 11,877 22,147 1,168 — 35,192 Total current assets — 1,440,488 298,333 259,857 (19,102 ) 1,979,576 Property and equipment, net — 883,749 370,764 113,067 — 1,367,580 Investments (1) 321,083 3,599,114 949,739 1,714,070 (6,405,479 ) 178,527 Goodwill — — 2,778,361 41,618 (112 ) 2,819,867 Service contracts, net — 477,353 — 80,124 — 557,477 Other assets, net 2,107,667 515 3,637,566 15,932 (5,736,114 ) 25,566 $ 2,428,750 $ 6,401,219 $ 8,034,763 $ 2,224,668 $ (12,160,807 ) $ 6,928,593 Liabilities and Shareholders’ Equity Current liabilities: Accounts payable $ (465,247 ) $ (1,610,462 ) $ 2,334,145 $ (124,204 ) $ 37,949 $ 172,181 Accrued compensation and related liabilities — 82,519 56,234 6,313 — 145,066 Accrued liabilities — 124,021 260,301 28,504 — 412,826 Debt due within one year — 187,500 — — — 187,500 Total current liabilities (465,247 ) (1,216,422 ) 2,650,680 (89,387 ) 37,949 917,573 Long-term liabilities: Debt due after one year — 2,534,370 — 390 — 2,534,760 Deferred income taxes — 222,968 107,306 46,391 — 376,665 Accrued liabilities — 40,006 164,312 1,280 — 205,598 Total long-term liabilities — 2,797,344 271,618 48,061 — 3,117,023 Total shareholders’ equity 2,893,997 4,820,297 5,112,465 2,265,994 (12,198,756 ) 2,893,997 $ 2,428,750 $ 6,401,219 $ 8,034,763 $ 2,224,668 $ (12,160,807 ) $ 6,928,593 (1) Investments include inter-company investment activity. Corp 2 and Subsidiary Guarantors hold $ 21.1 million and $ 157.5 million , respectively, of the $ 178.5 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 Nine Months Ended February 28, 2018 (In thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 656,415 $ 286,761 $ 349,416 $ 18,801 $ (654,978 ) $ 656,415 Adjustments to reconcile net income to net cash provided by operating activities Depreciation — 94,846 52,162 10,311 — 157,319 Amortization of intangible assets — 37,338 3,824 6,421 — 47,583 Stock-based compensation 86,044 — — — — 86,044 Gain on sale of business — (114,581 ) 15,521 — — (99,060 ) Deferred income taxes — (82,475 ) (39,692 ) 1,739 (120,428 ) Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (57,631 ) 20,615 (3,030 ) — (40,046 ) Inventories, net — 17,558 (15,487 ) 3,326 (1,386 ) 4,011 Uniforms and other rental items in service — (33,728 ) (2,748 ) (7,683 ) 109 (44,050 ) Prepaid expenses and other current assets — 1,252 (19,495 ) 318 — (17,925 ) Accounts payable — 3,657 23,201 (27,279 ) (159 ) (580 ) Accrued compensation and related liabilities — (12,519 ) 13,106 (2,796 ) — (2,209 ) Accrued liabilities and other — (85,980 ) 91,624 5,353 — 10,997 Income taxes, current — 25,777 (930 ) (2,054 ) — 22,793 Net cash provided by operating activities 742,459 80,275 491,117 3,427 (656,414 ) 660,864 Cash flows from investing activities: Capital expenditures — (127,736 ) (59,018 ) (9,286 ) — (196,040 ) Proceeds from redemption of marketable securities and investments — 13,589 (1,189 ) 133,902 — 146,302 Purchase of marketable securities and investments — 6,343 (22,521 ) (144,350 ) 3,000 (157,528 ) Proceeds from sale of business — 127,835 — — — 127,835 Acquisitions of businesses — (12,298 ) — — — (12,298 ) Other, net (565,726 ) 323,643 (413,382 ) 3,797 653,414 1,746 Net cash (used in) provided by investing activities (565,726 ) 331,376 (496,110 ) (15,937 ) 656,414 (89,983 ) Cash flows from financing activities: Payments of commercial paper, net — 137,000 — — — 137,000 Proceeds from issuance of debt — — 2,810 (2,810 ) — — Repayment of debt — (550,000 ) — — — (550,000 ) Proceeds from exercise of stock-based compensation awards 35,838 — — — — 35,838 Dividends paid (175,521 ) — — (68 ) — (175,589 ) Repurchase of common stock (37,050 ) — — — — (37,050 ) Other, net — (2,204 ) (10 ) (275 ) — (2,489 ) Net cash (used in) provided by financing activities (176,733 ) (415,204 ) 2,800 (3,153 ) — (592,290 ) Effect of exchange rate changes on cash and cash equivalents — — — 4,706 — 4,706 Net decrease in cash and cash equivalents — (3,553 ) (2,193 ) (10,957 ) — (16,703 ) Cash and cash equivalents at beginning of period — 48,658 17,302 103,306 — 169,266 Cash and cash equivalents at end of period $ — $ 45,105 $ 15,109 $ 92,349 $ — $ 152,563 Consolidating Condensed Statement of Cash Flows Nine Months Ended February 28, 2017 (In thousands Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 396,473 $ 136,484 $ 244,759 $ 11,674 $ (392,917 ) $ 396,473 Adjustments to reconcile net income to net cash provided by operating activities Depreciation — 79,459 33,697 7,337 — 120,493 Amortization of intangible assets — 10,288 262 671 — 11,221 Stock-based compensation 63,578 — — — — 63,578 Gain on Shred-it — (23,935 ) — (1,941 ) — (25,876 ) Deferred income taxes — (11,104 ) 7,406 226 — (3,472 ) Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (21,965 ) (5,959 ) (722 ) — (28,646 ) Inventories, net — (21,588 ) 2,079 (2,177 ) (1,678 ) (23,364 ) Uniforms and other rental items in service — 3,662 (2,753 ) 1,031 (1,993 ) (53 ) Prepaid expenses and other current assets — (6,460 ) (5,037 ) 110 — (11,387 ) Accounts payable — (36,312 ) 45,593 6,143 114 15,538 Accrued compensation and related liabilities — (3,243 ) (3,099 ) 530 — (5,812 ) Accrued liabilities and other — (10,958 ) 5,110 (231 ) — (6,079 ) Income taxes, current — 10,886 (29,632 ) (110 ) — (18,856 ) Net cash provided by operating activities 460,051 105,214 292,426 22,541 (396,474 ) 483,758 Cash flows from investing activities: Capital expenditures — (125,995 ) (77,025 ) (15,601 ) — (218,621 ) Proceeds from redemption of marketable securities — — — 172,506 — 172,506 Purchase of marketable securities and investments — (5,644 ) (41,180 ) (102,418 ) 23,608 (125,634 ) Proceeds from sale of investment in Shred-it — 23,935 — 1,941 — 25,876 Acquisitions of businesses, net of cash acquired — (9,097 ) — (10,533 ) — (19,630 ) Other, net (322,723 ) 166,718 (218,390 ) 1,557 372,866 28 Net cash (used in) provided by investing activities (322,723 ) 49,917 (336,595 ) 47,452 396,474 (165,475 ) Cash flows from financing activities: Issuance of commercial paper, net — 99,500 — — — 99,500 Proceeds from issuance of debt — — (2,000 ) 2,000 — — Repayment of debt — (250,000 ) — — — (250,000 ) Prepaid short-term debt financing fees — (13,949 ) — — — (13,949 ) Proceeds from exercise of stock-based compensation awards 25,114 — — — — 25,114 Dividends paid (142,388 ) — — (56 ) — (142,444 ) Repurchase of common stock (20,054 ) — — — — (20,054 ) Other, net — (5,801 ) — — — (5,801 ) Net cash (used in) provided by financing activities (137,328 ) (170,250 ) (2,000 ) 1,944 — (307,634 ) Effect of exchange rate changes on cash and cash equivalents — — — (2,762 ) — (2,762 ) Net (decrease) increase in cash and cash equivalents — (15,119 ) (46,169 ) 69,175 — 7,887 Cash and cash equivalents at beginning of period — 57,893 55,392 26,072 — 139,357 Cash and cash equivalents at end of period $ — $ 42,774 $ 9,223 $ 95,247 $ — $ 147,244

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - USD ($) $ in Thousands	Mar. 21, 2017	Feb. 28, 2018	May 31, 2017
Business Acquisition [Line Items]
Reserve for obsolete inventory		$ 38,500	$ 38,300
G&K Services
Business Acquisition [Line Items]
Consideration transferred	$ 2,112,811

Basis of Presentation - Schedul

Basis of Presentation - Schedule of Inventory (Details) - USD ($) $ in Thousands	Feb. 28, 2018	May 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 18,821	$ 17,528
Work in process	25,135	17,951
Finished goods	230,863	242,739
Inventories, net	$ 274,819	$ 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	Feb. 28, 2018	May 31, 2017
Fair value on a recurring basis
Cash and cash equivalents	$ 152,563	$ 169,266
Marketable securities	33,693	22,219
Total assets at fair value	186,256	191,485
Level 1
Fair value on a recurring basis
Cash and cash equivalents	152,563	169,266
Marketable securities	0	0
Total assets at fair value	152,563	169,266
Level 2
Fair value on a recurring basis
Cash and cash equivalents	0	0
Marketable securities	33,693	22,219
Total assets at fair value	33,693	22,219
Level 3
Fair value on a recurring basis
Cash and cash equivalents	0	0
Marketable securities	0	0
Total assets at fair value	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Feb. 28, 2018	May 31, 2017
Fair Value Disclosures [Abstract]
Amortized cost basis of marketable securities	$ 33.7	$ 22.2
Contractual maturities (less than)	1 year	1 year

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($)	9 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	May 31, 2017
Investments, Debt and Equity Securities [Abstract]
Investments	$ 178,527,000		$ 164,788,000
Cash surrender value of insurance policies	153,500,000		144,000,000
Equity method investments	20,000,000		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		9 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2018	Feb. 28, 2017
Basic Earnings per Share from Continuing Operations
Income from continuing operations	$ 295,789	$ 116,954	$ 594,634	$ 375,112
Less: income from continuing operations allocated to participating securities	5,248	2,573	10,546	7,348
Income from continuing operations available to common shareholders	$ 290,541	$ 114,381	$ 584,088	$ 367,764
Basic weighted average common shares outstanding (in shares)	106,558	105,093	106,210	104,842
Basic earnings per share from continuing operations (in dollars per share)	$ 2.73	$ 1.09	$ 5.50	$ 3.51
Diluted Earnings per Share from Continuing Operations
Income from continuing operations	$ 295,789	$ 116,954	$ 594,634	$ 375,112
Less: income from continuing operations allocated to participating securities	5,248	2,573	10,546	7,348
Income from continuing operations available to common shareholders	$ 290,541	$ 114,381	$ 584,088	$ 367,764
Basic weighted average common shares outstanding (in shares)	106,558	105,093	106,210	104,842
Effect of dilutive securities - employee stock options (in shares)	3,617	2,799	3,044	2,666
Diluted weighted average common shares outstanding (in shares)	110,175	107,892	109,254	107,508
Diluted earnings per share from continuing operations (in dollars per share)	$ 2.66	$ 1.06	$ 5.35	$ 3.42

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 06, 2018	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2018	Feb. 28, 2017	Aug. 02, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic earnings from discontinued operations (in dollars per share)		$ 0.06	$ 0.01	$ 0.57	$ 0.20
Diluted earnings from discontinued operations (in dollars per share)		$ 0.05	$ 0.01	$ 0.55	$ 0.20
Options granted and excluded from the computation of diluted earnings per share (in shares)		1,000,000	300,000	800,000	500,000
Employee Payroll Taxes Due on Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares acquired (in shares)				300,000
Stock purchased under share buyback, average price per share (in dollars per share)				$ 130
Total purchase price of shares repurchased				$ 37,000,000
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
Shares acquired (in shares)				0
Share Buyback Program, August 2, 2016 | Subsequent Event
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares acquired (in shares)	0

Goodwill, Service Contracts a42

Goodwill, Service Contracts and Other Assets - Changes in Carrying Amount of Goodwill by Operating Segment (Details) $ in Thousands	9 Months Ended
	Feb. 28, 2018USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 2,782,335
Goodwill acquired	35,464
Foreign currency translation	2,068
Ending balance	2,819,867
G&K Services
Goodwill [Roll Forward]
Adjustment to preliminary purchase price	27,100
Uniform Rental and Facility Services
Goodwill [Roll Forward]
Beginning balance	2,448,070
Goodwill acquired	29,444
Foreign currency translation	1,032
Ending balance	2,478,546
First Aid and Safety Services
Goodwill [Roll Forward]
Beginning balance	243,112
Goodwill acquired	81
Foreign currency translation	992
Ending balance	244,185
All Other
Goodwill [Roll Forward]
Beginning balance	91,153
Goodwill acquired	5,939
Foreign currency translation	44
Ending balance	$ 97,136

Goodwill, Service Contracts a43

Goodwill, Service Contracts and Other Assets - Changes in Carrying Amount of Service Contracts by Operating Segment (Details) $ in Thousands	9 Months Ended
	Feb. 28, 2018USD ($)
Service contracts [Roll Forward]
Beginning balance	$ 586,988
Service contracts acquired	6,384
Service contracts amortization	(40,269)
Foreign currency translation	4,374
Ending balance	557,477
Uniform Rental and Facility Services
Service contracts [Roll Forward]
Beginning balance	529,923
Service contracts acquired	1,635
Service contracts amortization	(33,701)
Foreign currency translation	4,243
Ending balance	502,100
First Aid and Safety Services
Service contracts [Roll Forward]
Beginning balance	30,062
Service contracts acquired	440
Service contracts amortization	(2,910)
Foreign currency translation	131
Ending balance	27,723
All Other
Service contracts [Roll Forward]
Beginning balance	27,003
Service contracts acquired	4,309
Service contracts amortization	(3,658)
Foreign currency translation	0
Ending balance	$ 27,654

Goodwill, Service Contracts a44

Goodwill, Service Contracts and Other Assets - Information Regarding Service Contracts and Other Assets (Details) - USD ($) $ in Thousands	Feb. 28, 2018	May 31, 2017
Information regarding service contracts and other assets
Service contracts, net	$ 557,477	$ 586,988
Other assets, carrying amount	74,920	75,633
Other assets, accumulated amortization	49,354	43,666
Other assets, net	25,566	31,967
Noncompete and consulting agreements
Information regarding service contracts and other assets
Other assets, carrying amount	41,358	40,743
Other assets, accumulated amortization	39,740	39,244
Other assets, net	1,618	1,499
Other
Information regarding service contracts and other assets
Other assets, carrying amount	33,562	34,890
Other assets, accumulated amortization	9,614	4,422
Other assets, net	23,948	30,468
Service Contracts
Information regarding service contracts and other assets
Service contracts, carrying amount	923,020	911,273
Service contracts, accumulated amortization	365,543	324,285
Service contracts, net	$ 557,477	$ 586,988

Goodwill, Service Contracts a45

Goodwill, Service Contracts and Other Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2018	Feb. 28, 2017
Goodwill, Service Contracts and Other Assets [Abstract]
Amortization expense for service contracts and other assets	$ 15.7	$ 3.3	$ 45.5	$ 9.6
Estimated amortization expense, year one	61.6		61.6
Estimated amortization expense, year two	60.2		60.2
Estimated amortization expense, year three	54.4		54.4
Estimated amortization expense, year four	52.4		52.4
Estimated amortization expense, year five	44.2		44.2
Estimated amortization expense, thereafter	$ 284.5		$ 284.5

Debt, Derivatives and Hedging46

Debt, Derivatives and Hedging Activities - Summary of Debt Outstanding (Details) - USD ($)	Feb. 28, 2018	Dec. 01, 2017	May 31, 2017
Debt due within one year
Debt issuance costs	$ 0		$ (100,000)
Total debt due within one year	187,500,000		362,900,000
Debt due after one year
Debt issuance costs	(19,861,000)		(22,075,000)
Total debt due after one year	2,534,760,000		2,770,624,000
Commercial paper | Commercial Paper, 1.93%
Debt due within one year
Long-term Debt, current	$ 187,500,000		50,500,000
Debt due after one year
Stated interest rate (as a percent)	1.93%
Senior notes | Senior Notes, 6.13%, 2018 Maturity
Debt due within one year
Long-term Debt, current	$ 0		300,000,000
Debt due after one year
Stated interest rate (as a percent)	6.13%	6.13%
Senior notes | Senior Notes 4.30%, 2022 Maturity
Debt due after one year
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
Debt due after one year
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
Debt due after one year
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
Debt due after one year
Long-term Debt, non-current	$ 52,228,000		52,554,000
Stated interest rate (as a percent)	2.78%
Senior notes | Senior Notes, 2.78%, 2023 Maturity | G&K Services
Debt due after one year
Face value			$ 50,000,000
Stated interest rate (as a percent)			3.73%
Senior notes | Senior Notes, 3.11%, 2025 Maturity
Debt due after one year
Long-term Debt, non-current	$ 52,393,000		$ 52,645,000
Stated interest rate (as a percent)	3.11%
Senior notes | Senior Notes, 3.11%, 2025 Maturity | G&K Services
Debt due after one year
Face value			$ 50,000,000
Stated interest rate (as a percent)			3.88%
Senior notes | Senior Notes, 3.70%, 2027 Maturity
Debt due after one year
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
Debt due after one year
Long-term Debt, non-current	$ 250,000,000		250,000,000
Stated interest rate (as a percent)	6.15%
Line of Credit | Term Loan Facility
Debt due within one year
Long-term Debt, current	$ 0		12,500,000
Debt due after one year
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 ($)	Dec. 01, 2017	Feb. 28, 2018	Aug. 31, 2017	Feb. 28, 2017	Feb. 28, 2018	Feb. 28, 2017	May 31, 2017	Sep. 16, 2016	Sep. 15, 2016
Debt Instrument [Line Items]
Long term debt		$ 2,534,760,000			$ 2,534,760,000		$ 2,770,624,000
Proceeds from issuance of commercial paper	$ 265,000,000				137,000,000
Commercial Paper		187,500,000			187,500,000
Amortization of interest rate lock agreements		$ (294,000)		$ 385,000	$ (638,000)	$ 1,155,000
Commercial paper
Debt Instrument [Line Items]
Short-term debt							$ 50,500,000
Weighted average interest rate (as a percent)		1.93%			1.93%		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		$ 0
Senior Notes | June 2016 Senior Notes
Debt Instrument [Line Items]
Long term debt		2,742,100,000			2,742,100,000		3,156,000,000
Senior Notes | Level 2
Debt Instrument [Line Items]
Long-term debt, fair value		$ 2,789,600,000			$ 2,789,600,000		$ 3,296,800,000
Commercial paper | Commercial Paper, 1.93%
Debt Instrument [Line Items]
Stated interest rate (as a percent)		1.93%			1.93%
Line of Credit | Term Loan Facility
Debt Instrument [Line Items]
Net payments on debt			$ 250,000,000
Senior notes | Senior Notes, 6.13%, 2018 Maturity
Debt Instrument [Line Items]
Net payments on debt	$ 300,000,000
Stated interest rate (as a percent)	6.13%	6.13%			6.13%
Debt instrument term	10 years

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2018	Feb. 28, 2017	May 31, 2018	May 31, 2017
Income Tax [Line Items]
Unrecognized tax benefits	$ 18.5		$ 18.5			$ 12.6
Effective tax rate	(69.50%)	34.40%	0.90%	32.50%
Discrete provisional adjustment			$ 150.5
Revaluation of net deferred tax liability	$ 163.8
Provisional transition tax liability	9.5		$ 9.5
Foreign withholding taxes	$ 3.8
Scenario, Forecast
Income Tax [Line Items]
Blended rate (as a percent)					29.17%

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - G&K Services - USD ($)	Mar. 21, 2017	Feb. 28, 2018
Business Acquisition [Line Items]
Consideration transferred	$ 2,112,811,000
Share price of acquisition (in dollars per share)	$ 97.50
Total purchase price	$ 2,078,418,000
Deferred tax purchase price adjustment		$ 28,300,000
Adjustment to income taxes, current		$ 1,200,000
Goodwill deductible for income tax purposes	0
Real Property
Business Acquisition [Line Items]
Preliminary fair value property, plant and equipment	141,800,000
Personal Property
Business Acquisition [Line Items]
Preliminary fair value property, plant and equipment	$ 112,200,000
Service contracts
Business Acquisition [Line Items]
Amortization period (in years)	15 years
Level 3
Business Acquisition [Line Items]
Discount rate (as a percent)	9.50%

Acquisitions - Purchase Price A

Acquisitions - Purchase Price Allocation (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	Mar. 21, 2017	Feb. 28, 2018
Business Acquisition [Line Items]
Cash consideration for common stock		$ 12,298
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
Number of shares acquired (in shares)	19.5

Acquisitions - Schedule of Asse

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Feb. 28, 2018	May 31, 2017	Mar. 21, 2017
Assets:
Goodwill	$ 2,819,867	$ 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			15,873
Prepaid expenses and other current assets			43,235
Property and equipment			254,035
Goodwill			1,520,295
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			(214,702)
Total consideration			2,078,418
G&K Services | Service contracts
Assets:
Intangible assets			519,000
G&K Services | Trade names
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	Mar. 21, 2017	Feb. 28, 2018
Business Acquisition [Line Items]
Intangible assets acquired		$ 6,384
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 - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Feb. 28, 2017	Feb. 28, 2017
Business Acquisition [Line Items]
Net sales	$ 1,494,918	$ 4,521,542
Net income from continuing operations	$ 126,490	$ 404,110
Earnings from continuing operations per common share - diluted (in dollars per share)	$ 1.15	$ 3.69

Pension Plans - Components of N

Pension Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Feb. 28, 2018	Feb. 28, 2018
Retirement Benefits [Abstract]
Interest cost	$ 711	$ 2,132
Expected return on assets	(716)	(2,148)
Amortization of net loss	0	0
Total net periodic benefit cost	$ (5)	$ (16)

Accumulated Other Comprehensi55

Accumulated Other Comprehensive Income (Loss) - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	Feb. 28, 2018	Feb. 28, 2017
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ 2,302,793				$ 2,302,793
Other comprehensive (loss) income before reclassifications	$ 2,374	$ (11,394)	35,204	$ 4,960	$ 18,741	$ (11,923)
Amounts reclassified from accumulated other comprehensive income (loss)	(294)	(172)	(172)	385	385	385
Other comprehensive income	2,080	(11,566)	35,032	5,345	19,126	(11,538)	25,546	$ 12,933
Ending balance	2,893,997						2,893,997
Foreign Currency
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	11,084	22,458	(12,726)	(10,009)	(2,359)	(2,474)	(12,726)	(2,474)
Other comprehensive (loss) income before reclassifications	2,374	(11,374)	35,184	2,400	(7,650)	115
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0	0	0
Other comprehensive income	2,374	(11,374)	35,184	2,400	(7,650)	115
Ending balance	13,458	11,084	22,458	(7,609)	(10,009)	(2,359)	13,458	(7,609)
Unrealized Income on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	11,038	11,210	11,382	(5,707)	(32,482)	(20,830)	11,382	(20,830)
Other comprehensive (loss) income before reclassifications	0	0	0	2,560	26,390	(12,037)
Amounts reclassified from accumulated other comprehensive income (loss)	(294)	(172)	(172)	385	385	385
Other comprehensive income	(294)	(172)	(172)	2,945	26,775	(11,652)
Ending balance	10,744	11,038	11,210	(2,762)	(5,707)	(32,482)	10,744	(2,762)
Other
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,685)	(1,665)	(1,685)	(1,570)	(1,571)	(1,570)	(1,685)	(1,570)
Other comprehensive (loss) income before reclassifications	0	(20)	20	0	1	(1)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0	0	0
Other comprehensive income	0	(20)	20	0	1	(1)
Ending balance	(1,685)	(1,685)	(1,665)	(1,570)	(1,570)	(1,571)	(1,685)	(1,570)
Total
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	20,437	32,003	(3,029)	(17,286)	(36,412)	(24,874)	(3,029)	(24,874)
Ending balance	$ 22,517	$ 20,437	$ 32,003	$ (11,941)	$ (17,286)	$ (36,412)	$ 22,517	$ (11,941)

Accumulated Other Comprehensi56

Accumulated Other Comprehensive Income (Loss) - Schedule of Reclassifications Out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2018	Feb. 28, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 25,901	$ 13,696	$ 85,347	$ 41,135
Income taxes	121,282	(61,352)	(5,325)	(180,244)
Net income	295,789	116,954	594,634	375,112
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	(180)	230	(392)	690
Net income	294	(385)	638	(1,155)
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	$ 474	$ (615)	$ 1,030	$ (1,845)

Segment Information - Narrative

Segment Information - Narrative (Details)	9 Months Ended
	Feb. 28, 2018segment
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		9 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2018	Feb. 28, 2017	May 31, 2017
Segment Reporting Information
Revenue	$ 1,589,138	$ 1,255,367	$ 4,807,082	$ 3,793,094
Income (loss) before income taxes	174,507	178,306	599,959	555,356
Total assets	6,928,593	4,271,164	6,928,593	4,271,164	$ 6,844,057
Operating Segments | Uniform Rental and Facility Services
Segment Reporting Information
Revenue	1,284,516	988,178	3,904,338	2,982,475
Income (loss) before income taxes	173,287	171,933	596,011	533,668
Total assets	5,900,987	3,283,382	5,900,987	3,283,382
Operating Segments | First Aid and Safety Services
Segment Reporting Information
Revenue	137,327	124,239	416,999	373,875
Income (loss) before income taxes	16,705	12,235	54,091	38,525
Total assets	472,982	452,397	472,982	452,397
Operating Segments | All Other
Segment Reporting Information
Revenue	167,295	142,950	485,745	436,744
Income (loss) before income taxes	10,032	7,823	34,232	24,191
Total assets	368,368	348,703	368,368	348,703
Corporate
Segment Reporting Information
Revenue	0	0	0	0
Income (loss) before income taxes	(25,517)	(13,685)	(84,375)	(41,028)
Total assets	$ 186,256	$ 186,682	$ 186,256	$ 186,682

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Discontinued Operations and Disposal Groups [Abstract]
Proceeds from sale	$ 127,800
Gain on Shred-it	$ 0	$ 25,876

Discontinued Operations - Sched

Discontinued Operations - Schedule of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2018	Feb. 28, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax (expense) benefit	$ 6,157	$ (2,109)	$ (34,946)	$ (13,101)
Gain on sale of business			99,060	0
Gain on Shred-it			0	25,876
Net income from discontinued operations	6,306	1,051	61,781	21,361
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	0	25,768	10,773	79,094
Income (loss) before income taxes	149	3,160	(2,333)	8,586
Income tax (expense) benefit	(242)	(2,109)	678	(4,148)
Gain on sale of business	0	0	99,060	0
Gain on Shred-it	0	0	0	25,876
Income tax benefit (expense) on net gain	6,399	0	(35,624)	(8,953)
Net income from discontinued operations	$ 6,306	$ 1,051	$ 61,781	$ 21,361

G&K Services, Inc. Transactio61

G&K Services, Inc. Transaction and Integration Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2018	Feb. 28, 2017	May 31, 2017
Business Acquisition [Line Items]
Integration related costs	$ 9,821	$ 9,344	$ 26,866	$ 15,478
G&K Services
Business Acquisition [Line Items]
Integration related costs	9,800	$ 9,300	26,900	$ 15,500
Integration costs, excluding severance costs			25,900
Severance costs			1,000
Severance reserve	13,400		13,400		$ 24,300
Payments for severance reserve	$ 2,300		$ 11,900

Supplemental Guarantor Inform62

Supplemental Guarantor Information - Narrative (Details) $ in Millions	Feb. 28, 2018USD ($)
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Commercial Paper	$ 187.5
Senior notes	$ 2,555

Supplemental Guarantor Inform63

Supplemental Guarantor Information - Consolidating Condensed Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Feb. 28, 2018	Feb. 28, 2017
Revenue:
Uniform rental and facility services	$ 1,284,516	$ 988,178	$ 3,904,338	$ 2,982,475
Other	304,622	267,189	902,744	810,619
Equity in net income of affiliates	0	0	0	0
Total revenue	1,589,138	1,255,367	4,807,082	3,793,094
Costs and expenses (income):
Cost of uniform rental and facility services	718,138	542,790	2,148,961	1,631,385
Cost of other	170,537	152,653	501,936	460,140
Selling and administrative expenses	490,618	358,589	1,444,985	1,089,707
G&K Services, Inc. transaction and integration expenses	9,821	9,344	26,866	15,478
Operating income	200,024	191,991	684,334	596,384
Interest income	(384)	(11)	(972)	(107)
Interest expense (income)	25,901	13,696	85,347	41,135
Income before income taxes	174,507	178,306	599,959	555,356
Income tax (benefit) expense	(121,282)	61,352	5,325	180,244
Income from continuing operations	295,789	116,954	594,634	375,112
Income (loss) from discontinued operations, net of tax	6,306	1,051	61,781	21,361
Net income	302,095	118,005	656,415	396,473
Eliminations
Revenue:
Uniform rental and facility services	(44,917)	(37,583)	(144,374)	(125,445)
Other	(153,872)	(132,823)	(460,875)	(407,076)
Equity in net income of affiliates	(295,789)	(116,954)	(594,634)	(375,112)
Total revenue	(494,578)	(287,360)	(1,199,883)	(907,633)
Costs and expenses (income):
Cost of uniform rental and facility services	(70,156)	(58,616)	(220,314)	(188,353)
Cost of other	(120,914)	(105,325)	(365,957)	(326,360)
Selling and administrative expenses	(7,155)	(7,054)	(20,274)	(22,117)
G&K Services, Inc. transaction and integration expenses	0	0	0	0
Operating income	(296,353)	(116,365)	(593,338)	(370,803)
Interest income	2	1	2	2
Interest expense (income)	0	0	0	0
Income before income taxes	(296,355)	(116,366)	(593,340)	(370,805)
Income tax (benefit) expense	(50)	(20)	(94)	(74)
Income from continuing operations	(296,305)	(116,346)	(593,246)	(370,731)
Income (loss) from discontinued operations, net of tax	(6,257)	(1,247)	(61,732)	(22,186)
Net income	(302,562)	(117,593)	(654,978)	(392,917)
Cintas Corporation
Revenue:
Uniform rental and facility services	0	0	0	0
Other	0	0	0	0
Equity in net income of affiliates	295,789	116,954	594,634	375,112
Total revenue	295,789	116,954	594,634	375,112
Costs and expenses (income):
Cost of uniform rental and facility services	0	0	0	0
Cost of other	0	0	0	0
Selling and administrative expenses	0	0	0	0
G&K Services, Inc. transaction and integration expenses	0	0	0	0
Operating income	295,789	116,954	594,634	375,112
Interest income	0	0	0	0
Interest expense (income)	0	0	0	0
Income before income taxes	295,789	116,954	594,634	375,112
Income tax (benefit) expense	0	0	0	0
Income from continuing operations	295,789	116,954	594,634	375,112
Income (loss) from discontinued operations, net of tax	6,306	1,051	61,781	21,361
Net income	302,095	118,005	656,415	396,473
Corp. 2
Revenue:
Uniform rental and facility services	1,059,184	821,386	3,245,720	2,489,238
Other	437,042	383,043	1,299,883	1,162,088
Equity in net income of affiliates	0	0	0	0
Total revenue	1,496,226	1,204,429	4,545,603	3,651,326
Costs and expenses (income):
Cost of uniform rental and facility services	617,276	472,256	1,867,547	1,430,876
Cost of other	301,217	264,965	892,201	800,503
Selling and administrative expenses	491,924	396,225	1,531,248	1,202,428
G&K Services, Inc. transaction and integration expenses	5,101	0	10,814	0
Operating income	80,708	70,983	243,793	217,519
Interest income	(103)	(2)	(179)	(2)
Interest expense (income)	26,105	14,981	86,110	44,336
Income before income taxes	54,706	56,004	157,862	173,185
Income tax (benefit) expense	(88,275)	19,186	(57,256)	56,490
Income from continuing operations	142,981	36,818	215,118	116,695
Income (loss) from discontinued operations, net of tax	7,269	791	71,643	19,789
Net income	150,250	37,609	286,761	136,484
Subsidiary Guarantors
Revenue:
Uniform rental and facility services	169,308	147,293	504,523	446,327
Other	56	297	50	1,898
Equity in net income of affiliates	0	0	0	0
Total revenue	169,364	147,590	504,573	448,225
Costs and expenses (income):
Cost of uniform rental and facility services	106,066	92,273	311,039	277,268
Cost of other	(24,654)	(19,449)	(69,369)	(53,929)
Selling and administrative expenses	(28,110)	(51,465)	(161,065)	(150,455)
G&K Services, Inc. transaction and integration expenses	3,968	9,344	14,722	15,478
Operating income	112,094	116,887	409,246	359,863
Interest income	(24)	(6)	(182)	(30)
Interest expense (income)	(207)	(1,193)	(659)	(3,071)
Income before income taxes	112,325	118,086	410,087	362,964
Income tax (benefit) expense	(38,777)	40,474	50,760	118,652
Income from continuing operations	151,102	77,612	359,327	244,312
Income (loss) from discontinued operations, net of tax	(1,012)	447	(9,911)	447
Net income	150,090	78,059	349,416	244,759
Non- Guarantors
Revenue:
Uniform rental and facility services	100,941	57,082	298,469	172,355
Other	21,396	16,672	63,686	53,709
Equity in net income of affiliates	0	0	0	0
Total revenue	122,337	73,754	362,155	226,064
Costs and expenses (income):
Cost of uniform rental and facility services	64,952	36,877	190,689	111,594
Cost of other	14,888	12,462	45,061	39,926
Selling and administrative expenses	33,959	20,883	95,076	59,851
G&K Services, Inc. transaction and integration expenses	752	0	1,330	0
Operating income	7,786	3,532	29,999	14,693
Interest income	(259)	(4)	(613)	(77)
Interest expense (income)	3	(92)	(104)	(130)
Income before income taxes	8,042	3,628	30,716	14,900
Income tax (benefit) expense	5,820	1,712	11,915	5,176
Income from continuing operations	2,222	1,916	18,801	9,724
Income (loss) from discontinued operations, net of tax	0	9	0	1,950
Net income	$ 2,222	$ 1,925	$ 18,801	$ 11,674

Supplemental Guarantor Inform64

Supplemental Guarantor Information - Consolidating Condensed Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	Feb. 28, 2018	Feb. 28, 2017
Condensed Consolidating Financial Statements
Net income	$ 302,095			$ 118,005			$ 656,415	$ 396,473
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	2,374			2,400			26,184	(5,135)
Change in fair value of cash flow hedges	0			2,560			0	16,913
Amortization of interest rate lock agreements	(294)			385			(638)	1,155
Other comprehensive income	2,080	$ (11,566)	$ 35,032	5,345	$ 19,126	$ (11,538)	25,546	12,933
Comprehensive income	304,175			123,350			681,961	409,406
Eliminations
Condensed Consolidating Financial Statements
Net income	(302,562)			(117,593)			(654,978)	(392,917)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(2,374)			(2,400)			(26,184)	5,135
Change in fair value of cash flow hedges				(2,560)				(16,913)
Amortization of interest rate lock agreements	294			(385)			638	(1,155)
Other comprehensive income	(2,080)			(5,345)			(25,546)	(12,933)
Comprehensive income	(304,642)			(122,938)			(680,524)	(405,850)
Cintas Corporation
Condensed Consolidating Financial Statements
Net income	302,095			118,005			656,415	396,473
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	2,374			2,400			26,184	(5,135)
Change in fair value of cash flow hedges				2,560				16,913
Amortization of interest rate lock agreements	(294)			385			(638)	1,155
Other comprehensive income	2,080			5,345			25,546	12,933
Comprehensive income	304,175			123,350			681,961	409,406
Corp. 2
Condensed Consolidating Financial Statements
Net income	150,250			37,609			286,761	136,484
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0			0			0	0
Change in fair value of cash flow hedges				2,560				16,913
Amortization of interest rate lock agreements	(294)			385			(638)	1,155
Other comprehensive income	(294)			2,945			(638)	18,068
Comprehensive income	149,956			40,554			286,123	154,552
Subsidiary Guarantors
Condensed Consolidating Financial Statements
Net income	150,090			78,059			349,416	244,759
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0			0			0	0
Change in fair value of cash flow hedges				0				0
Amortization of interest rate lock agreements	0			0			0	0
Other comprehensive income	0			0			0	0
Comprehensive income	150,090			78,059			349,416	244,759
Non- Guarantors
Condensed Consolidating Financial Statements
Net income	2,222			1,925			18,801	11,674
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	2,374			2,400			26,184	(5,135)
Change in fair value of cash flow hedges				0				0
Amortization of interest rate lock agreements	0			0			0	0
Other comprehensive income	2,374			2,400			26,184	(5,135)
Comprehensive income	$ 4,596			$ 4,325			$ 44,985	$ 6,539

Supplemental Guarantor Inform65

Supplemental Guarantor Information - Consolidating Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Feb. 28, 2018	May 31, 2017	Feb. 28, 2017	May 31, 2016
Current assets:
Cash and cash equivalents	$ 152,563	$ 169,266	$ 147,244	$ 139,357
Marketable securities	33,693	22,219
Accounts receivable, net	779,220	736,008
Inventories, net	274,819	278,218
Uniforms and other rental items in service	682,438	635,702
Income taxes, current	21,651	44,320
Prepaid expenses and other current assets	35,192	30,132
Assets held for sale	0	38,613
Total current assets	1,979,576	1,954,478
Property and equipment, net	1,367,580	1,323,501
Investments	178,527	164,788
Goodwill	2,819,867	2,782,335
Service contracts, net	557,477	586,988
Other assets, net	25,566	31,967
Total assets	6,928,593	6,844,057	4,271,164
Current liabilities:
Accounts payable	172,181	177,051
Accrued compensation and related liabilities	145,066	149,635
Accrued liabilities	412,826	429,809
Debt due within one year	187,500	362,900
Liabilities held for sale	0	11,457
Total current liabilities	917,573	1,130,852
Long-term liabilities:
Debt due after one year	2,534,760	2,770,624
Deferred income taxes	376,665	469,328
Accrued liabilities	205,598	170,460
Total long-term liabilities	3,117,023	3,410,412
Total shareholders’ equity	2,893,997	2,302,793
Total liabilities and shareholders' equity	6,928,593	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	0	(1,386)
Uniforms and other rental items in service	(19,102)	(18,993)
Income taxes, current	0	0
Prepaid expenses and other current assets	0	0
Assets held for sale		0
Total current assets	(19,102)	(20,379)
Property and equipment, net	0	0
Investments	(6,405,479)	(6,402,479)
Goodwill	(112)	(112)
Service contracts, net	0	0
Other assets, net	(5,736,114)	(5,000,837)
Total assets	(12,160,807)	(11,423,807)
Current liabilities:
Accounts payable	37,949	38,108
Accrued compensation and related liabilities	0	0
Accrued liabilities	0	0
Debt due within one year	0	0
Liabilities held for sale		0
Total current liabilities	37,949	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	(12,198,756)	(11,461,915)
Total liabilities and shareholders' equity	(12,160,807)	(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	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	2,107,667	1,516,463
Total assets	2,428,750	1,837,546
Current liabilities:
Accounts payable	(465,247)	(465,247)
Accrued compensation and related liabilities	0	0
Accrued liabilities	0	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	2,893,997	2,302,793
Total liabilities and shareholders' equity	2,428,750	1,837,546
Corp. 2
Current assets:
Cash and cash equivalents	45,105	48,658	42,774	57,893
Marketable securities	0	0
Accounts receivable, net	601,742	543,769
Inventories, net	224,418	243,677
Uniforms and other rental items in service	566,950	531,295
Income taxes, current	(9,604)	16,173
Prepaid expenses and other current assets	11,877	13,234
Assets held for sale		23,095
Total current assets	1,440,488	1,419,901
Property and equipment, net	883,749	851,018
Investments	3,599,114	3,605,457
Goodwill	0	0
Service contracts, net	477,353	505,698
Other assets, net	515	14,705
Total assets	6,401,219	6,396,779
Current liabilities:
Accounts payable	(1,610,462)	(1,596,731)
Accrued compensation and related liabilities	82,519	94,505
Accrued liabilities	124,021	191,819
Debt due within one year	187,500	362,900
Liabilities held for sale		11,457
Total current liabilities	(1,216,422)	(936,050)
Long-term liabilities:
Debt due after one year	2,534,370	2,770,234
Deferred income taxes	222,968	0
Accrued liabilities	40,006	28,384
Total long-term liabilities	2,797,344	2,798,618
Total shareholders’ equity	4,820,297	4,534,211
Total liabilities and shareholders' equity	6,401,219	6,396,779
Investments, including intercompany investments	21,100	29,000
Subsidiary Guarantors
Current assets:
Cash and cash equivalents	15,109	17,302	9,223	55,392
Marketable securities	0	0
Accounts receivable, net	117,281	137,881
Inventories, net	36,861	21,466
Uniforms and other rental items in service	80,852	78,012
Income taxes, current	26,083	25,138
Prepaid expenses and other current assets	22,147	16,188
Assets held for sale		15,518
Total current assets	298,333	311,505
Property and equipment, net	370,764	364,724
Investments	949,739	929,657
Goodwill	2,778,361	2,742,898
Service contracts, net	0	0
Other assets, net	3,637,566	3,489,653
Total assets	8,034,763	7,838,437
Current liabilities:
Accounts payable	2,334,145	2,292,388
Accrued compensation and related liabilities	56,234	42,866
Accrued liabilities	260,301	219,303
Debt due within one year	0	0
Liabilities held for sale		0
Total current liabilities	2,650,680	2,554,557
Long-term liabilities:
Debt due after one year	0	0
Deferred income taxes	107,306	436,613
Accrued liabilities	164,312	140,923
Total long-term liabilities	271,618	577,536
Total shareholders’ equity	5,112,465	4,706,344
Total liabilities and shareholders' equity	8,034,763	7,838,437
Investments, including intercompany investments	157,500	135,800
Non- Guarantors
Current assets:
Cash and cash equivalents	92,349	103,306	$ 95,247	$ 26,072
Marketable securities	33,693	22,219
Accounts receivable, net	60,197	54,358
Inventories, net	13,540	14,461
Uniforms and other rental items in service	53,738	45,388
Income taxes, current	5,172	3,009
Prepaid expenses and other current assets	1,168	710
Assets held for sale		0
Total current assets	259,857	243,451
Property and equipment, net	113,067	107,759
Investments	1,714,070	1,711,070
Goodwill	41,618	39,549
Service contracts, net	80,124	81,290
Other assets, net	15,932	11,983
Total assets	2,224,668	2,195,102
Current liabilities:
Accounts payable	(124,204)	(91,467)
Accrued compensation and related liabilities	6,313	12,264
Accrued liabilities	28,504	18,687
Debt due within one year	0	0
Liabilities held for sale		0
Total current liabilities	(89,387)	(60,516)
Long-term liabilities:
Debt due after one year	390	390
Deferred income taxes	46,391	32,715
Accrued liabilities	1,280	1,153
Total long-term liabilities	48,061	34,258
Total shareholders’ equity	2,265,994	2,221,360
Total liabilities and shareholders' equity	$ 2,224,668	$ 2,195,102

Supplemental Guarantor Inform66

Supplemental Guarantor Information - Consolidating Condensed Statement of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Feb. 28, 2018	Aug. 31, 2017	Feb. 28, 2017	Aug. 31, 2016	Feb. 28, 2018	Feb. 28, 2017
Cash flows from operating activities:
Net income	$ 302,095		$ 118,005		$ 656,415	$ 396,473
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation					157,319	120,493
Amortization of intangible assets					47,583	11,221
Stock-based compensation					86,044	63,578
Gain on sale of business					(99,060)	0
Gain on Shred-it					0	(25,876)
Deferred income taxes					(120,428)	(3,472)
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net					(40,046)	(28,646)
Inventories, net					4,011	(23,364)
Uniforms and other rental items in service					(44,050)	(53)
Prepaid expenses and other current assets					(17,925)	(11,387)
Accounts payable					(580)	15,538
Accrued compensation and related liabilities					(2,209)	(5,812)
Accrued liabilities and other					10,997	(6,079)
Income taxes, current					22,793	(18,856)
Net cash provided by operating activities					660,864	483,758
Cash flows from investing activities:
Capital expenditures					(196,040)	(218,621)
Proceeds from redemption of marketable securities					146,302	172,506
Purchase of marketable securities and investments					(157,528)	(125,634)
Proceeds from sale of investment in Shred-it					0	25,876
Proceeds from sale of business					127,835	0
Acquisitions of businesses					(12,298)
Acquisitions of businesses, net of cash acquired					(12,298)	(19,630)
Other, net					1,746	28
Net cash used in investing activities					(89,983)	(165,475)
Cash flows from financing activities:
Payments of commercial paper, net					137,000	99,500
Proceeds from issuance of debt					0	0
Repayment of debt					(550,000)	(250,000)
Prepaid short-term debt financing fees					0	(13,949)
Proceeds from exercise of stock-based compensation awards					35,838	25,114
Dividends paid		$ (175,589)		$ (142,444)	(175,589)	(142,444)
Repurchase of common stock					(37,050)	(20,054)
Other, net					(2,489)	(5,801)
Net cash used in financing activities					(592,290)	(307,634)
Effect of exchange rate changes on cash and cash equivalents					4,706	(2,762)
Net decrease in cash and cash equivalents					(16,703)	7,887
Cash and cash equivalents at beginning of period		169,266		139,357	169,266	139,357
Cash and cash equivalents at end of period	152,563		147,244		152,563	147,244
Eliminations
Cash flows from operating activities:
Net income	(302,562)		(117,593)		(654,978)	(392,917)
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation					0	0
Amortization of intangible assets					0	0
Stock-based compensation					0	0
Gain on sale of business					0
Gain on Shred-it						0
Deferred income taxes						0
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net					0	0
Inventories, net					(1,386)	(1,678)
Uniforms and other rental items in service					109	(1,993)
Prepaid expenses and other current assets					0	0
Accounts payable					(159)	114
Accrued compensation and related liabilities					0	0
Accrued liabilities and other					0	0
Income taxes, current					0	0
Net cash provided by operating activities					(656,414)	(396,474)
Cash flows from investing activities:
Capital expenditures					0	0
Proceeds from redemption of marketable securities					0	0
Purchase of marketable securities and investments					3,000	23,608
Proceeds from sale of investment in Shred-it						0
Proceeds from sale of business					0
Acquisitions of businesses					0
Acquisitions of businesses, net of cash acquired						0
Other, net					653,414	372,866
Net cash used in investing activities					656,414	396,474
Cash flows from financing activities:
Payments of commercial paper, net					0	0
Proceeds from issuance of debt					0	0
Repayment of debt					0	0
Prepaid short-term debt financing fees						0
Proceeds from exercise of stock-based compensation awards					0	0
Dividends paid					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 in cash and cash equivalents					0	0
Cash and cash equivalents at beginning of period		0		0	0	0
Cash and cash equivalents at end of period	0		0		0	0
Cintas Corporation
Cash flows from operating activities:
Net income	302,095		118,005		656,415	396,473
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation					0	0
Amortization of intangible assets					0	0
Stock-based compensation					86,044	63,578
Gain on sale of business					0
Gain on Shred-it						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					742,459	460,051
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 investment in Shred-it						0
Proceeds from sale of business					0
Acquisitions of businesses					0
Acquisitions of businesses, net of cash acquired						0
Other, net					(565,726)	(322,723)
Net cash used in investing activities					(565,726)	(322,723)
Cash flows from financing activities:
Payments of commercial paper, net					0	0
Proceeds from issuance of debt					0	0
Repayment of debt					0	0
Prepaid short-term debt financing fees						0
Proceeds from exercise of stock-based compensation awards					35,838	25,114
Dividends paid					(175,521)	(142,388)
Repurchase of common stock					(37,050)	(20,054)
Other, net					0	0
Net cash used in financing activities					(176,733)	(137,328)
Effect of exchange rate changes on cash and cash equivalents					0	0
Net decrease in cash and cash equivalents					0	0
Cash and cash equivalents at beginning of period		0		0	0	0
Cash and cash equivalents at end of period	0		0		0	0
Corp. 2
Cash flows from operating activities:
Net income	150,250		37,609		286,761	136,484
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation					94,846	79,459
Amortization of intangible assets					37,338	10,288
Stock-based compensation					0	0
Gain on sale of business					(114,581)
Gain on Shred-it						(23,935)
Deferred income taxes					(82,475)	(11,104)
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net					(57,631)	(21,965)
Inventories, net					17,558	(21,588)
Uniforms and other rental items in service					(33,728)	3,662
Prepaid expenses and other current assets					1,252	(6,460)
Accounts payable					3,657	(36,312)
Accrued compensation and related liabilities					(12,519)	(3,243)
Accrued liabilities and other					(85,980)	(10,958)
Income taxes, current					25,777	10,886
Net cash provided by operating activities					80,275	105,214
Cash flows from investing activities:
Capital expenditures					(127,736)	(125,995)
Proceeds from redemption of marketable securities					13,589	0
Purchase of marketable securities and investments					6,343	(5,644)
Proceeds from sale of investment in Shred-it						23,935
Proceeds from sale of business					127,835
Acquisitions of businesses					(12,298)
Acquisitions of businesses, net of cash acquired						(9,097)
Other, net					323,643	166,718
Net cash used in investing activities					331,376	49,917
Cash flows from financing activities:
Payments of commercial paper, net					137,000	99,500
Proceeds from issuance of debt					0	0
Repayment of debt					(550,000)	(250,000)
Prepaid short-term debt financing fees						(13,949)
Proceeds from exercise of stock-based compensation awards					0	0
Dividends paid					0	0
Repurchase of common stock					0	0
Other, net					(2,204)	(5,801)
Net cash used in financing activities					(415,204)	(170,250)
Effect of exchange rate changes on cash and cash equivalents					0	0
Net decrease in cash and cash equivalents					(3,553)	(15,119)
Cash and cash equivalents at beginning of period		48,658		57,893	48,658	57,893
Cash and cash equivalents at end of period	45,105		42,774		45,105	42,774
Subsidiary Guarantors
Cash flows from operating activities:
Net income	150,090		78,059		349,416	244,759
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation					52,162	33,697
Amortization of intangible assets					3,824	262
Stock-based compensation					0	0
Gain on sale of business					15,521
Gain on Shred-it						0
Deferred income taxes					(39,692)	7,406
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net					20,615	(5,959)
Inventories, net					(15,487)	2,079
Uniforms and other rental items in service					(2,748)	(2,753)
Prepaid expenses and other current assets					(19,495)	(5,037)
Accounts payable					23,201	45,593
Accrued compensation and related liabilities					13,106	(3,099)
Accrued liabilities and other					91,624	5,110
Income taxes, current					(930)	(29,632)
Net cash provided by operating activities					491,117	292,426
Cash flows from investing activities:
Capital expenditures					(59,018)	(77,025)
Proceeds from redemption of marketable securities					(1,189)	0
Purchase of marketable securities and investments					(22,521)	(41,180)
Proceeds from sale of investment in Shred-it						0
Proceeds from sale of business					0
Acquisitions of businesses					0
Acquisitions of businesses, net of cash acquired						0
Other, net					(413,382)	(218,390)
Net cash used in investing activities					(496,110)	(336,595)
Cash flows from financing activities:
Payments of commercial paper, net					0	0
Proceeds from issuance of debt					2,810	(2,000)
Repayment of debt					0	0
Prepaid short-term debt financing fees						0
Proceeds from exercise of stock-based compensation awards					0	0
Dividends paid					0	0
Repurchase of common stock					0	0
Other, net					(10)	0
Net cash used in financing activities					2,800	(2,000)
Effect of exchange rate changes on cash and cash equivalents					0	0
Net decrease in cash and cash equivalents					(2,193)	(46,169)
Cash and cash equivalents at beginning of period		17,302		55,392	17,302	55,392
Cash and cash equivalents at end of period	15,109		9,223		15,109	9,223
Non- Guarantors
Cash flows from operating activities:
Net income	2,222		1,925		18,801	11,674
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation					10,311	7,337
Amortization of intangible assets					6,421	671
Stock-based compensation					0	0
Gain on sale of business					0
Gain on Shred-it						(1,941)
Deferred income taxes					1,739	226
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net					(3,030)	(722)
Inventories, net					3,326	(2,177)
Uniforms and other rental items in service					(7,683)	1,031
Prepaid expenses and other current assets					318	110
Accounts payable					(27,279)	6,143
Accrued compensation and related liabilities					(2,796)	530
Accrued liabilities and other					5,353	(231)
Income taxes, current					(2,054)	(110)
Net cash provided by operating activities					3,427	22,541
Cash flows from investing activities:
Capital expenditures					(9,286)	(15,601)
Proceeds from redemption of marketable securities					133,902	172,506
Purchase of marketable securities and investments					(144,350)	(102,418)
Proceeds from sale of investment in Shred-it						1,941
Proceeds from sale of business					0
Acquisitions of businesses					0
Acquisitions of businesses, net of cash acquired						(10,533)
Other, net					3,797	1,557
Net cash used in investing activities					(15,937)	47,452
Cash flows from financing activities:
Payments of commercial paper, net					0	0
Proceeds from issuance of debt					(2,810)	2,000
Repayment of debt					0	0
Prepaid short-term debt financing fees						0
Proceeds from exercise of stock-based compensation awards					0	0
Dividends paid					(68)	(56)
Repurchase of common stock					0	0
Other, net					(275)	0
Net cash used in financing activities					(3,153)	1,944
Effect of exchange rate changes on cash and cash equivalents					4,706	(2,762)
Net decrease in cash and cash equivalents					(10,957)	69,175
Cash and cash equivalents at beginning of period		$ 103,306		$ 26,072	103,306	26,072
Cash and cash equivalents at end of period	$ 92,349		$ 95,247		$ 92,349	$ 95,247