Acquisitions

12 Months Ended

May 31, 2013

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 2013, Cintas acquired three First Aid, Safety and Fire Protection Services operating segment businesses and twelve Document Management Services operating segment businesses. 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.

The following summarizes the aggregate purchase price for all businesses acquired:

(In thousands)	2013		2012
Fair value of tangible assets acquired	$	7,212	$	536
Fair value of service contracts acquired	34,858		5,494
Fair value of other intangibles acquired	2,049		743
Net goodwill recognized	32,133		2,618
Total fair value of assets acquired	76,252		9,391
Fair value of liabilities assumed and incurred (settled)	6,882		(15,473		)
Total cash paid for acquisitions	$	69,370	$	24,864

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.