EX-99.1 10 c35139exv99w1.htm REPORT OF ERNST & YOUNG LLP AND SCHEDULE II exv99w1
         
EXHIBIT 99.1
Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
G&K Services, Inc.
We have audited the consolidated financial statements of G&K Services, Inc. and subsidiaries (the Company) as of June 28, 2008, and June 30, 2007, and for each of the three years in the period ended June 28, 2008, and have issued our report thereon dated August 27, 2008 (included elsewhere in this Form 10-K). Our audits also included the financial statement schedule listed in Item 15(a) of this Annual Report (Form 10-K) for the year ended June 28, 2008. This schedule is the responsibility of the Company’s management. Our responsibility is to express an opinion based on our audits.
In our opinion, the financial statement schedule referred to above, when considered in relation to the basic financial statements taken as a whole, presents fairly, in all material respects, the information set forth therein.
     
/s/ Ernst & Young LLP
 
    
Ernst & Young LLP
   
Minneapolis, Minnesota
August 27, 2008
G&K Services, Inc.
Schedule II — Valuation and Qualifying Accounts and Reserves
(In millions)
                                         
            Additions            
    Balance at   Charged to   Charged to            
    Beginning of   Costs and   Other           Balance at
Description   Year   Expenses   Accounts   Deductions   End of Year
     
Allowance for Doubtful Accounts
                                       
June 28, 2008
  $ 3.4     $ 3.6     $     $ 2.5     $ 4.5  
     
June 30, 2007
  $ 3.0     $ 2.0     $     $ 1.6     $ 3.4  
     
July 1, 2006
  $ 2.9     $ 1.9     $     $ 1.8     $ 3.0  
     
Inventory Reserve
                                       
June 28, 2008
  $ 2.3     $ 0.7     $     $ 0.8     $ 2.2  
     
June 30, 2007
  $ 2.3     $ 0.2     $     $ 0.2     $ 2.3  
     
July 1, 2006
  $ 2.4     $ 0.2     $     $ 0.3     $ 2.3