Supplemental Guarantor Information (Tables)

9 Months Ended

Feb. 28, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Income Statement

Three Months Ended February 28, 2014

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	608,699		$	165,657		$	55,134		$	(27,788	)	$	801,702
Other services	—		395,020			8,929			31,231			(106,645		)	328,535
Equity in net income of affiliates	84,602		—			—			—			(84,602		)	—
	84,602		1,003,719			174,586			86,365			(219,035		)	1,130,237
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		378,548			95,138			37,499			(61,099		)	450,086
Cost of other services	—		255,282			(2,715		)	18,932			(70,473		)	201,026
Selling and administrative expenses	—		316,755			(9,137		)	25,776			(4,431		)	328,963
Operating income	84,602		53,134			91,300			4,158			(83,032		)	150,162

Interest income	—		(12		)	(31		)	(583		)	582			(44		)
Interest expense (income)	—		16,407			17			(6		)	—			16,418

Income before income taxes	84,602		36,739			91,314			4,747			(83,614		)	133,788
Income taxes	—		13,387			33,376			2,438			(15		)	49,186

Net income	$	84,602	$	23,352		$	57,938		$	2,309		$	(83,599	)	$	84,602

Condensed Consolidating Income Statement

Three Months Ended February 28, 2013

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	565,731		$	151,595		$	55,906		$	(24,345	)	$	748,887
Other services	—		394,957			9,679			31,950			(109,799		)	326,787
Equity in net income of affiliates	74,705		—			—			—			(74,705		)	—
	74,705		960,688			161,274			87,856			(208,849		)	1,075,674
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		367,447			85,481			39,108			(57,227		)	434,809
Cost of other services	—		247,942			2,733			19,605			(71,356		)	198,924
Selling and administrative expenses	—		295,643			(4,592		)	24,972			(7,105		)	308,918
Operating income	74,705		49,656			77,652			4,171			(73,161		)	133,023

Interest income	—		(2		)	(86		)	(44		)	—			(132		)
Interest expense (income)	—		16,480			(175		)	(3		)	—			16,302

Income before income taxes	74,705		33,178			77,913			4,218			(73,161		)	116,853
Income taxes	—		9,981			23,901			8,272			(6		)	42,148

Net income (loss)	$	74,705	$	23,197		$	54,012		$	(4,054	)	$	(73,155	)	$	74,705

Condensed Consolidating Income Statement

Nine Months Ended February 28, 2014

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	1,829,199		$	493,207		$	166,203		$	(89,725	)	$	2,398,884
Other services	—		1,219,127			26,643			97,401			(347,722		)	995,449
Equity in net income of affiliates	247,218		—			—			—			(247,218		)	—
	247,218		3,048,326			519,850			263,604			(684,665		)	3,394,333
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		1,152,482			290,136			115,520			(194,209		)	1,363,929
Cost of other services	—		788,287			(8,917		)	59,152			(230,142		)	608,380
Selling and administrative expenses	—		939,937			(24,961		)	77,472			(13,628		)	978,820
Operating income	247,218		167,620			263,592			11,460			(246,686		)	443,204

Interest income	—		(31		)	(156		)	(15,279		)	15,270			(196		)
Interest expense (income)	—		49,355			78			(7		)	—			49,426

Income before income taxes	247,218		118,296			263,670			26,746			(261,956		)	393,974
Income taxes	—		43,991			98,053			4,771			(59		)	146,756

Net income	$	247,218	$	74,305		$	165,617		$	21,975		$	(261,897	)	$	247,218

Condensed Consolidating Income Statement

Nine Months Ended February 28, 2013

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	1,717,290		$	457,183		$	165,060		$	(79,964	)	$	2,259,569
Other services	—		1,151,628			31,188			90,292			(345,292		)	927,816
Equity in net income of affiliates	229,465		—			—			—			(229,465		)	—
	229,465		2,868,918			488,371			255,352			(654,721		)	3,187,385
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		1,099,289			269,837			114,651			(181,918		)	1,301,859
Cost of other services	—		740,797			(6,633		)	55,877			(224,367		)	565,674
Selling and administrative expenses	—		866,546			(15,754		)	72,978			(15,258		)	908,512
Operating income	229,465		162,286			240,921			11,846			(233,178		)	411,340

Interest income	—		(33		)	(247		)	(78		)	—			(358		)
Interest expense (income)	—		49,323			(126		)	(3		)	—			49,194

Income before income taxes	229,465		112,996			241,294			11,927			(233,178		)	362,504
Income taxes	—		39,236			83,784			10,042			(23		)	133,039

Net income	$	229,465	$	73,760		$	157,510		$	1,885		$	(233,155	)	$	229,465

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended February 28, 2014

(In thousands)



	Cintas Corporation		Corp. 2		Subsidiary Guarantors		Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Net income	$	84,602	$	23,352	$	57,938	$	2,309		$	(83,599	)	$	84,602

Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	—		—		—		(5,121		)	—			(5,121		)
Change in fair value of derivatives	—		—		—		(102		)	—			(102		)
Amortization of interest rate lock agreements	—		488		—		—			—			488
Change in fair value of available-for-sale securities	—		—		—		1			—			1

Other comprehensive income (loss)	—		488		—		(5,222		)	—			(4,734		)

Comprehensive income (loss)	$	84,602	$	23,840	$	57,938	$	(2,913	)	$	(83,599	)	$	79,868

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended February 28, 2013

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors		Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Net income (loss)	$	74,705	$	23,197		$	54,012	$	(4,054	)	$	(73,155	)	$	74,705

Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	—		(7		)	—		(8,166		)	—			(8,173		)
Change in fair value of derivatives	—		(36		)	—		—			—			(36		)
Amortization of interest rate lock agreements	—		488			—		—			—			488
Change in fair value of available-for-sale securities	—		—			4		(3		)	—			1

Other comprehensive income (loss)	—		445			4		(8,169		)	—			(7,720		)

Comprehensive income (loss)	$	74,705	$	23,642		$	54,016	$	(12,223	)	$	(73,155	)	$	66,985

Condensed Consolidating Statement of Comprehensive Income

Nine Months Ended February 28, 2014

(In thousands)



	Cintas Corporation		Corp. 2		Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Net income	$	247,218	$	74,305	$	165,617		$	21,975		$	(261,897	)	$	247,218

Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	—		—		—			(3,727		)	—			(3,727		)
Change in fair value of derivatives	—		—		—			(291		)	—			(291		)
Amortization of interest rate lock agreements	—		1,464		—			—			—			1,464
Change in fair value of available-for-sale securities	—		—		(14		)	(3		)	—			(17		)

Other comprehensive income (loss)	—		1,464		(14		)	(4,021		)	—			(2,571		)

Comprehensive income	$	247,218	$	75,769	$	165,603		$	17,954		$	(261,897	)	$	244,647

Condensed Consolidating Statement of Comprehensive Income

Nine Months Ended February 28, 2013

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Net income	$	229,465	$	73,760		$	157,510		$	1,885		$	(233,155	)	$	229,465

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	—		—			—			519			—			519
Change in fair value of derivatives	—		(187		)	—			—			—			(187		)
Amortization of interest rate lock agreements	—		1,464			—			—			—			1,464
Change in fair value of available-for-sale securities	—		—			(3		)	(8		)	—			(11		)

Other comprehensive income (loss)	—		1,277			(3		)	511			—			1,785

Comprehensive income	$	229,465	$	75,037		$	157,507		$	2,396		$	(233,155	)	$	231,250

Condensed Consolidating Balance Sheet

As of February 28, 2014

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	72,142		$	238,629		$	38,088		$	—		$	348,859
Marketable securities	—			—			—			4,840			—			4,840
Accounts receivable, net	—			384,695			101,647			43,326			—			529,668
Inventories, net	—			224,554			19,199			9,396			2,983			256,132
Uniforms and other rental items in service	—			367,458			111,778			37,404			(17,991		)	498,649
Deferred tax asset (liability)	—			500			(500		)	—			—			—
Prepaid expenses	—			7,003			16,873			2,885			—			26,761
Total current assets	—			1,056,352			487,626			135,939			(15,008		)	1,664,909

Property and equipment, at cost, net	—			631,215			246,329			103,653			—			981,197

Goodwill	—			—			1,454,818			77,750			—			1,532,568
Service contracts, net	—			78,810			74			5,088			—			83,972
Other assets, net	1,743,234			1,626,252			2,876,904			813,865			(6,922,460		)	137,795
	$	1,743,234		$	3,392,629		$	5,065,751		$	1,136,295		$	(6,937,468	)	$	4,400,441

Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	(465,247	)	$	(611,486	)	$	1,127,152		$	28,902		$	38,015		$	117,336
Accrued compensation and related liabilities	—			57,929			17,066			5,114			—			80,109
Accrued liabilities	—			45,423			203,210			10,677			—			259,310
Income taxes, current	—			14,249			(6,067		)	836			—			9,018
Deferred tax liability	—			—			77,812			8,584			—			86,396
Long-term debt due within one year	—			903			(270		)	—			—			633
Total current liabilities	(465,247		)	(492,982		)	1,418,903			54,113			38,015			552,802

Long-term liabilities:
Long-term debt due after one year	—			1,309,658			(9,883		)	748			—			1,300,523
Deferred income taxes	—			(6		)	215,622			(5,701		)	—			209,915
Accrued liabilities	—			—			92,239			929			—			93,168
Total long-term liabilities	—			1,309,652			297,978			(4,024		)	—			1,603,606
Total shareholders’ equity	2,208,481			2,575,959			3,348,870			1,086,206			(6,975,483		)	2,244,033
	$	1,743,234		$	3,392,629		$	5,065,751		$	1,136,295		$	(6,937,468	)	$	4,400,441

Condensed Consolidating Balance Sheet

As of May 31, 2013

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	54,511		$	247,070		$	50,692		$	—		$	352,273
Marketable securities	—			—			5,680			—			—			5,680
Accounts receivable, net	—			355,429			96,569			44,051			—			496,049
Inventories, net	—			201,260			25,584			10,342			3,254			240,440
Uniforms and other rental items in service	—			363,662			113,024			38,917			(18,851		)	496,752
Income taxes, current	—			4,172			3,437			1,493			—			9,102
Deferred tax asset (liability)	—			534			(534		)	—			—			—
Prepaid expenses	—			7,450			12,909			4,171			—			24,530
Total current assets	—			987,018			503,739			149,666			(15,597		)	1,624,826

Property and equipment, at cost, net	—			631,480			259,586			95,637			—			986,703

Goodwill	—			—			1,449,445			68,115			—			1,517,560
Service contracts, net	—			88,157			166			3,830			—			92,153
Other assets, net	1,698,122			1,627,505			2,698,197			768,903			(6,668,337		)	124,390
	$	1,698,122		$	3,334,160		$	4,911,133		$	1,086,151		$	(6,683,934	)	$	4,345,632

Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	(465,247	)	$	(561,454	)	$	1,084,986		$	24,728		$	38,016		$	121,029
Accrued compensation and related liabilities	—			54,591			17,642			5,817			—			78,050
Accrued liabilities	—			67,490			193,261			11,837			(767		)	271,821
Deferred tax liability	—			—			68,231			8,938			—			77,169
Long-term debt due within one year	—			8,436			(249		)	—			—			8,187
Total current liabilities	(465,247		)	(430,937		)	1,363,871			51,320			37,249			556,256

Long-term liabilities:
Long-term debt due after one year	—			1,310,384			(11,020		)	848			767			1,300,979
Deferred income taxes	—			(6		)	216,368			(5,879		)	—			210,483
Accrued liabilities	—			—			75,571			851			—			76,422
Total long-term liabilities	—			1,310,378			280,919			(4,180		)	767			1,587,884
Total shareholders’ equity	2,163,369			2,454,719			3,266,343			1,039,011			(6,721,950		)	2,201,492
	$	1,698,122		$	3,334,160		$	4,911,133		$	1,086,151		$	(6,683,934	)	$	4,345,632

Condensed Consolidating Statement of Cash Flows

Nine Months Ended February 28, 2014

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Cash flows from operating activities:
Net income	$	247,218		$	74,305		$	165,617		$	21,975		$	(261,897	)	$	247,218
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	—			77,225			39,574			10,962			—			127,761
Amortization of intangible assets	—			15,913			122			1,489			—			17,524
Stock-based compensation	22,248			—			—			—			—			22,248
Deferred income taxes	—			(1		)	8,806			(72		)	—			8,733
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			(29,274		)	(5,078		)	328			—			(34,024		)
Inventories, net	—			(23,320		)	6,385			534			271			(16,130		)
Uniforms and other rental items in service	—			(3,796		)	1,246			(732		)	(860		)	(4,142		)
Prepaid expenses	—			475			(3,964		)	1,597			—			(1,892		)
Accounts payable	—			(43,563		)	33,239			3,288			(1		)	(7,037		)
Accrued compensation and related liabilities	—			3,338			(576		)	(543		)	—			2,219
Accrued liabilities	—			(19,708		)	26,620			(2,654		)	767			5,025
Income taxes payable	—			18,413			(2,629		)	2,486			—			18,270
Net cash provided by operating activities	269,466			70,007			269,362			38,658			(261,720		)	385,773

Cash flows from investing activities:
Capital expenditures	—			(77,219		)	(26,646		)	(9,750		)	—			(113,615		)
Proceeds from redemption of marketable securities	—			—			5,659			43,976			—			49,635
Purchase of marketable securities and investments				(1,051		)	(57,460		)	(49,051		)	44,227			(63,335		)
Acquisitions of businesses, net of cash acquired	—			(12,783		)	—			(20,182		)	—			(32,965		)
Other, net	(45,138		)	45,472			(204,788		)	(14,674		)	218,260			(868		)
Net cash used in investing activities	(45,138		)	(45,581		)	(283,235		)	(49,681		)	262,487			(161,148		)

Cash flows from financing activities:
Proceeds from issuance of debt	—			—			4,416			(4,416		)	—			—
Repayment of debt	—			(8,259		)	1,016			—			(767		)	(8,010		)
Exercise of stock-based compensation awards	29,286			—			—			—			—			29,286
Dividends paid	(93,287		)	—			—			(27		)	—			(93,314		)
Repurchase of common stock	(164,462		)	—			—			—			—			(164,462		)
Other, net	4,135			1,464			—			4,740			—			10,339
Net cash (used in) provided by financing activities	(224,328		)	(6,795		)	5,432			297			(767		)	(226,161		)

Effect of exchange rate changes on cash and cash equivalents	—			—			—			(1,878		)	—			(1,878		)

Net increase (decrease) in cash and cash equivalents	—			17,631			(8,441		)	(12,604		)	—			(3,414		)
Cash and cash equivalents at beginning of period	—			54,511			247,070			50,692			—			352,273
Cash and cash equivalents at end of period	$	—		$	72,142		$	238,629		$	38,088		$	—		$	348,859

Condensed Consolidating Statement of Cash Flows

Nine Months Ended February 28, 2013

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Cash flows from operating activities:
Net income	$	229,465		$	73,760		$	157,510		$	1,885		$	(233,155	)	$	229,465
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	—			73,048			40,025			10,169			—			123,242
Amortization of intangible assets	—			15,681			158			2,045			—			17,884
Stock-based compensation	16,660			—			—			—			—			16,660
Deferred income taxes	—			(1		)	31,169			737			—			31,905
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			(14,247		)	(26,217		)	(938		)	—			(41,402		)
Inventories, net	—			2,563			(4,556		)	(153		)	6,583			4,437
Uniforms and other rental items in service	—			(14,395		)	(8,876		)	(2,528		)	(3,004		)	(28,803		)
Prepaid expenses	—			623			(1,769		)	1,155			—			9
Accounts payable	—			(61,702		)	70,654			4,523			—			13,475
Accrued compensation and related liabilities	—			456			(1,407		)	271			—			(680		)
Accrued liabilities	—			(25,003		)	21,069			(640		)	786			(3,788		)
Income taxes payable	—			15,762			(14,114		)	4,291			—			5,939
Net cash provided by operating activities	246,125			66,545			263,646			20,817			(228,790		)	368,343

Cash flows from investing activities:
Capital expenditures	—			(92,342		)	(40,817		)	(18,640		)	—			(151,799		)
Proceeds from redemption of marketable securities	—			—			10,810			86,841			—			97,651
Purchase of marketable securities and investments	—			(865		)	(32,340		)	(109,870		)	7,677			(135,398		)
Acquisitions of businesses, net of cash acquired	—			(62,693		)	—			(1,932		)	—			(64,625		)
Other, net	10,653			57,393			(292,054		)	1,447			221,899			(662		)
Net cash provided by (used in) investing activities	10,653			(98,507		)	(354,401		)	(42,154		)	229,576			(254,833		)

Cash flows from financing activities:
Proceeds from issuance of debt	—			250,000			—			—			—			250,000
Repayment of debt	—			(225,702		)	1,016			—			(786		)	(225,472		)
Exercise of stock-based compensation awards	7,156			—			—			—			—			7,156
Dividends paid	(79,723		)	—			—			(21		)	—			(79,744		)
Repurchase of common stock	(187,076		)	—			—			—			—			(187,076		)
Other, net	2,865			(4,477		)	—			227			—			(1,385		)
Net cash (used in) provided by financing activities	(256,778		)	19,821			1,016			206			(786		)	(236,521		)

Effect of exchange rate changes on cash and cash equivalents	—			—			—			656			—			656

Net decrease in cash and cash equivalents	—			(12,141		)	(89,739		)	(20,475		)	—			(122,355		)
Cash and cash equivalents at beginning of period	—			58,737			229,287			51,801			—			339,825
Cash and cash equivalents at end of period	$	—		$	46,596		$	139,548		$	31,326		$	—		$	217,470