XML 48 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Significant Accounting Policies (Tables)
12 Months Ended
May 31, 2014
Accounting Policies [Abstract]  
Schedule of inventory
Inventory is comprised of the following amounts:
(In thousands)
2014
 
2013
 
 
 
 
Raw materials
$
17,984

 
$
19,800

Work in process
14,304

 
17,353

Finished goods
218,951

 
203,287

 
$
251,239

 
$
240,440

Estimated useful lives
Depreciation is calculated using the straight-line method primarily over the following estimated useful lives of the assets based on industry and Cintas specific experience, in years:
Buildings
30 to 40
Building improvements
5 to 20
Equipment
3 to 10
Leasehold improvements
2 to 15
(In thousands)
2014
 
2013
 
 
 
 
Land
$
116,989

 
$
112,311

Buildings and improvements
521,113

 
512,717

Equipment
1,427,356

 
1,631,213

Leasehold improvements
35,821

 
27,543

Construction in progress
42,384

 
58,463

 
2,143,663

 
2,342,247

Less: accumulated depreciation
1,287,961

 
1,355,544

 
$
855,702

 
$
986,703

Current accrued liabilities
Current accrued liabilities include the following amounts:
(In thousands)
2014
 
2013
 
 
 
 
General insurance liabilities
$
106,083

 
$
96,930

Employee benefit related liabilities
64,445

 
59,221

Taxes and related liabilities
7,531

 
7,776

Accrued interest
26,726

 
26,816

Other
94,942

 
81,078

 
$
299,727

 
$
271,821