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Acquisitions
12 Months Ended
May 31, 2012
Business Combinations [Abstract]  
Acquisitions
Acquisitions
The purchase price paid for each acquisition has been allocated to the fair value of the assets acquired and liabilities assumed. During fiscal 2012, Cintas acquired two Uniform Rental and Ancillary Products operating segment businesses, two First Aid, Safety and Fire Protection Services operating segment businesses and four Document Management Services operating segment businesses. During fiscal 2011, Cintas acquired four Uniform Rental and Ancillary Products operating segment businesses, eleven First Aid, Safety and Fire Protection Services operating segment businesses and twelve Document Management Services operating segment businesses. The following summarizes the aggregate purchase price for all businesses acquired:
(In thousands)
2012
 
2011
 
 
 
 
Fair value of tangible assets acquired
$
536

 
$
37,403

Fair value of goodwill acquired
2,618

 
125,562

Fair value of service contracts acquired
5,494

 
28,449

Fair value of other intangibles acquired
743

 
6,937

Total fair value of assets acquired
9,391

 
198,351

Fair value of liabilities (settled) assumed and incurred
(15,473
)
 
24,729

Total cash paid for acquisitions
$
24,864

 
$
173,622



The results of operation for the acquired businesses are included in the consolidated statements of income from the dates of acquisition. The pro forma revenue, net income and earnings per share information relating to acquired businesses are not presented because they are not significant to Cintas.