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Consolidated Statements of Comprehensive Income (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
May 31, 2014
Feb. 28, 2014
Nov. 30, 2013
Aug. 31, 2013
May 31, 2013
Feb. 28, 2013
Nov. 30, 2012
Aug. 31, 2012
May 31, 2014
May 31, 2013
May 31, 2012
Statement of Comprehensive Income [Abstract]                      
Net income $ 127,224 [1] $ 84,602 $ 84,862 $ 77,754 $ 85,977 $ 74,705 $ 78,027 $ 76,733 $ 374,442 $ 315,442 $ 297,637
Other comprehensive (loss) income, net of tax:                      
Foreign currency translation adjustments                 (9,787) (1,087) (17,815)
Change in fair value of derivatives                 (228) (187) (5,286)
Amortization of interest rate lock agreements                 1,952 1,952 1,508
Other                 (1,632) 782 (551)
Other comprehensive (loss) income                 (9,695) 1,460 (22,144)
Comprehensive income                 $ 364,747 $ 316,902 $ 275,493
[1] On April 30, 2014, Cintas completed its previously announced partnership transaction with the shareholders of Shred-it to combine Cintas’ document destruction business with Shred-it’s document destruction business. Under the agreement, Cintas and Shred-it each contributed its document destruction business to a newly formed partnership owned 42% by Cintas and 58% by the shareholders of Shred-it. The deconsolidation of the document destruction business negatively impacted fiscal 2014 fourth quarter revenue. In the fourth quarter of fiscal 2014, the Company realized a $106.4 million gain on deconsolidation of the shredding business. In addition, as a result of the shredding transaction, the Company recorded an asset impairment charge of $16.1 million in the fourth quarter of fiscal 2014. The Company also recorded transaction costs of $28.5 million, of which $2.2 million was recorded in the third quarter and $26.3 million was recorded in the fourth quarter. Please see Note 9 entitled Acquisitions and Deconsolidation for additional information on the transaction.