Supplemental Guarantor Information (Tables)

9 Months Ended

Feb. 28, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Income Statement

Three Months Ended February 28, 2015

(In thousands)



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

Revenue:
Rental uniforms and ancillary products	$	—	$	658,474		$	179,817		$	53,008		$	(31,779	)	$	859,520
Other services	—		341,642			7,894			15,595			(115,804		)	249,327
Equity in net income of affiliates	93,636		—			—			—			(93,636		)	—
	93,636		1,000,116			187,711			68,603			(241,219		)	1,108,847
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		403,368			100,926			35,792			(63,994		)	476,092
Cost of other services	—		229,047			(3,855		)	9,604			(77,348		)	157,448
Selling and administrative expenses	—		308,541			(18,421		)	18,526			(6,956		)	301,690
Operating income	93,636		59,160			109,061			4,681			(92,921		)	173,617

Interest income	—		(2		)	(77		)	(18		)	1			(96		)
Interest expense (income)	—		16,356			(101		)	(1		)	—			16,254

Income before income taxes	93,636		42,806			109,239			4,700			(92,922		)	157,459
Income taxes	—		13,124			42,797			1,144			(13		)	57,052
Loss on investment in Shred-it, net of tax	—		(6,771		)	—			—			—			(6,771		)
Income from continuing operations	93,636		22,911			66,442			3,556			(92,909		)	93,636

Income from discontinued operations, net of tax	1,247		538			—			709			(1,247		)	1,247

Net income	$	94,883	$	23,449		$	66,442		$	4,265		$	(94,156	)	$	94,883

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		$	165,658		$	55,134		$	(27,789	)	$	801,702
Other services	—		386,389			8,929			20,597			(106,644		)	309,271
Equity in net income of affiliates	84,326		—			—			—			(84,326		)	—
	84,326		995,088			174,587			75,731			(218,759		)	1,110,973
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		378,548			95,138			37,498			(61,098		)	450,086
Cost of other services	—		251,499			(2,722		)	12,951			(70,475		)	191,253
Selling and administrative expenses	—		312,605			(11,294		)	20,992			(4,430		)	317,873
Shredding transaction costs	—		—			2,158			—			—			2,158
Operating income	84,326		52,436			91,307			4,290			(82,756		)	149,603

Interest income	—		(12		)	(31		)	(583		)	582			(44		)
Interest expense (income)	—		16,407			18			(7		)	—			16,418

Income before income taxes	84,326		36,041			91,320			4,880			(83,338		)	133,229
Income taxes	—		13,098			33,382			2,438			(15		)	48,903
Income from continuing operations	84,326		22,943			57,938			2,442			(83,323		)	84,326

Income (loss) from discontinued operations, net of tax	276		409			—			(133		)	(276		)	276

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

Condensed Consolidating Income Statement

Nine Months Ended February 28, 2015

(In thousands)



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

Revenue:
Rental uniforms and ancillary products	$	—	$	1,981,518		$	537,248		$	164,444		$	(101,390	)	$	2,581,820
Other services	—		1,047,605			23,074			52,407			(370,603		)	752,483
Equity in net income of affiliates	306,873		—			—			—			(306,873		)	—
	306,873		3,029,123			560,322			216,851			(778,866		)	3,334,303
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		1,207,445			308,310			111,692			(202,786		)	1,424,661
Cost of other services	—		702,927			(12,942		)	32,662			(247,682		)	474,965
Selling and administrative expenses	—		931,196			(51,585		)	56,050			(19,672		)	915,989
Operating income	306,873		187,555			316,539			16,447			(308,726		)	518,688

Gain on deconsolidation of Shredding business	—		6,619			—			—			—			6,619

Gain on sale of stock of an equity method investment	—		—			21,739			—			—			21,739

Interest income	—		(12		)	(140		)	(18		)	2			(168		)
Interest expense (income)	—		49,200			(428		)	(6		)	—			48,766

Income before income taxes	306,873		144,986			338,846			16,471			(308,728		)	498,448
Income taxes	—		51,152			128,643			4,796			(43		)	184,548
Loss on investment in Shred-it, net of tax	—		(7,027		)	—			—			—			(7,027		)
Income from continuing operations	306,873		86,807			210,203			11,675			(308,685		)	306,873

Income from discontinued operations, net of tax	18,530		16,126			—			2,404			(18,530		)	18,530

Net income	$	325,403	$	102,933		$	210,203		$	14,079		$	(327,215	)	$	325,403

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		$	493,208		$	166,203		$	(89,726	)	$	2,398,884
Other services	—		1,192,130			26,643			65,214			(347,721		)	936,266
Equity in net income of affiliates	246,180		—			—			—			(246,180		)	—
	246,180		3,021,329			519,851			231,417			(683,627		)	3,335,150
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	—		776,196			(8,936		)	41,295			(230,142		)	578,413
Selling and administrative expenses	—		926,988			(27,116		)	62,980			(13,628		)	949,224
Shredding transaction costs	—		—			2,158			—			—			2,158
Operating income	246,180		165,663			263,609			11,622			(245,648		)	441,426

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

Income before income taxes	246,180		116,339			263,687			26,908			(260,918		)	392,196
Income taxes	—		43,234			98,070			4,771			(59		)	146,016
Income from continuing operations	246,180		73,105			165,617			22,137			(260,859		)	246,180

Income (loss) from discontinued operations, net of tax	1,038		1,200			—			(162		)	(1,038		)	1,038

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

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended February 28, 2015

(In thousands)



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

Net income	$	94,883	$	23,449	$	66,442	$	4,265		$	(94,156	)	$	94,883

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	—		—		—		(22,237		)	—			(22,237		)
Change in fair value of derivatives	—		—		—		(29		)	—			(29		)
Amortization of interest rate lock agreements	—		488		—		—			—			488
Change in fair value of available-for-sale securities	—		—		—		5			—			5

Other comprehensive income (loss)	—		488		—		(22,261		)	—			(21,773		)

Comprehensive income (loss)	$	94,883	$	23,937	$	66,442	$	(17,996	)	$	(94,156	)	$	73,110

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 income (loss), 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

Nine Months Ended February 28, 2015

(In thousands)



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

Net income	$	325,403	$	102,933	$	210,203	$	14,079		$	(327,215	)	$	325,403

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	—		—		—		(34,130		)	—			(34,130		)
Change in fair value of derivatives	—		—		—		(33		)	—			(33		)
Amortization of interest rate lock agreements	—		1,464		—		—			—			1,464
Change in fair value of available-for-sale securities	—		—		—		8			—			8

Other comprehensive income (loss)	—		1,464		—		(34,155		)	—			(32,691		)

Comprehensive income (loss)	$	325,403	$	104,397	$	210,203	$	(20,076	)	$	(327,215	)	$	292,712

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 income (loss), 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 Balance Sheet

As of February 28, 2015

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	78,363		$	221,365		$	58,592		$	—		$	358,320
Marketable securities	—			—			—			44,874			—			44,874
Accounts receivable, net	—			360,585			106,053			31,340			—			497,978
Inventories, net	—			205,949			16,385			9,635			2,672			234,641
Uniforms and other rental items in service	—			389,894			116,887			35,726			(18,442		)	524,065
Income taxes, current	—			(13,492		)	20,014			111			—			6,633
Deferred tax asset (liability)	—			328			(328		)	—			—			—
Assets held for sale	—			21,132			—			—			—			21,132
Prepaid expenses and other current assets	—			5,133			16,212			1,137			—			22,482
Total current assets	—			1,047,892			496,588			181,415			(15,770		)	1,710,125

Property and equipment, at cost, net	—			514,102			269,479			69,810			—			853,391

Investments	321,083			2,073,181			890,580			956,960			(3,796,266		)	445,538
Goodwill	—			—			1,179,265			15,236			(112		)	1,194,389
Service contracts, net	—			44,785			37			2			—			44,824
Other assets, net	1,265,600			7,821			2,504,120			8,632			(3,768,094		)	18,079
	$	1,586,683		$	3,687,781		$	5,340,069		$	1,232,055		$	(7,580,242	)	$	4,266,346

Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	(465,246	)	$	(727,330	)	$	1,241,536		$	24,969		$	38,023		$	111,952
Accrued compensation and related liabilities	—			52,678			21,373			3,956			—			78,007
Accrued liabilities	—			50,457			219,835			11,580			—			281,872
Deferred tax liability	—			—			98,990			7,798			—			106,788
Liabilities held for sale	—			612			—			—			—			612
Long-term debt due within one year	—			293			(293		)	—			—			—
Total current liabilities	(465,246		)	(623,290		)	1,581,441			48,303			38,023			579,231

Long-term liabilities:
Long-term debt due after one year	—			1,308,842			(9,242		)	400			—			1,300,000
Deferred income taxes	—			(5		)	235,724			(3,487		)	—			232,232
Accrued liabilities	—			—			106,301			916			—			107,217
Total long-term liabilities	—			1,308,837			332,783			(2,171		)	—			1,639,449
Total shareholders’ equity	2,051,929			3,002,234			3,425,845			1,185,923			(7,618,265		)	2,047,666
	$	1,586,683		$	3,687,781		$	5,340,069		$	1,232,055		$	(7,580,242	)	$	4,266,346

Condensed Consolidating Balance Sheet

As of May 31, 2014

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	73,540		$	399,525		$	40,223		$	—		$	513,288
Accounts receivable, net	—			366,629			97,869			43,929			—			508,427
Inventories, net	—			215,974			20,745			9,650			4,870			251,239
Uniforms and other rental items in service	—			374,666			112,467			38,240			(18,836		)	506,537
Income taxes, current	—			1,549			(1,549		)	—			—			—
Prepaid expenses and other current assets	—			7,058			14,752			4,380			—			26,190
Total current assets	—			1,039,416			643,809			136,422			(13,966		)	1,805,681

Property and equipment, at cost, net	—			533,665			225,677			96,360			—			855,702

Investments	321,083			2,081,094			893,647			1,015,343			(3,852,810		)	458,357
Goodwill	—			—			1,211,716			55,807			(112		)	1,267,411
Service contracts, net	—			51,248			53			4,374			—			55,675
Other assets, net	1,378,100			8,900			2,189,527			9,044			(3,565,945		)	19,626
	$	1,699,183		$	3,714,323		$	5,164,429		$	1,317,350		$	(7,432,833	)	$	4,462,452

Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	(465,247	)	$	(545,526	)	$	1,092,545		$	30,281		$	38,017		$	150,070
Accrued compensation and related liabilities	—			56,581			22,590			5,855			—			85,026
Accrued liabilities	—			79,614			208,983			11,876			(746		)	299,727
Income taxes, current	—			—			4,915			1,045			—			5,960
Deferred tax liability	—			(510		)	80,575			8,780			—			88,845
Long-term debt due within one year	—			773			(270		)	—			—			503
Total current liabilities	(465,247		)	(409,068		)	1,409,338			57,837			37,271			630,131

Long-term liabilities:
Long-term debt due after one year	—			1,309,611			(10,380		)	500			746			1,300,477
Deferred income taxes	—			(6		)	251,924			(5,874		)	—			246,044
Accrued liabilities	—			—			92,069			873			—			92,942
Total long-term liabilities	—			1,309,605			333,613			(4,501		)	746			1,639,463
Total shareholders’ equity	2,164,430			2,813,786			3,421,478			1,264,014			(7,470,850		)	2,192,858
	$	1,699,183		$	3,714,323		$	5,164,429		$	1,317,350		$	(7,432,833	)	$	4,462,452

Condensed Consolidating Statement of Cash Flows

Nine Months Ended February 28, 2015

(In thousands)



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

Cash flows from operating activities:
Net income	$	325,403		$	102,933		$	210,203		$	14,079		$	(327,215	)	$	325,403
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	—			58,898			38,081			7,971			—			104,950
Amortization of intangible assets	—			10,620			45			425			—			11,090
Stock-based compensation	36,016			—			—			—			—			36,016
Gain on sale of Storage businesses	—			(31,113		)	86			(4,009		)	—			(35,036		)
Gain on deconsolidation of Shredding business	—			(6,619		)	—			—			—			(6,619		)
Gain on sale of stock of an equity method investment	—			—			(21,739		)	—			—			(21,739		)
Loss on investment in Shred-it	—			10,349			(206		)	1,046			—			11,189
Deferred income taxes				69			14,639			720			—			15,428
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			2,345			(8,184		)	2,671			—			(3,168		)
Inventories, net	—			10,048			4,361			(1,237		)	2,198			15,370
Uniforms and other rental items in service	—			(15,228		)	(4,420		)	(2,161		)	(394		)	(22,203		)
Prepaid expenses and other current assets	—			34			(1,460		)	(183		)	—			(1,609		)
Accounts payable	—			(174,010		)	137,440			2,949			6			(33,615		)
Accrued compensation and related liabilities	—			(3,903		)	(1,216		)	(1,967		)	—			(7,086		)
Accrued liabilities	—			(28,349		)	25,082			4,362			746			1,841
Income taxes, current	—			15,041			(26,508		)	(1,099		)	—			(12,566		)
Net cash provided by (used in) operating activities	361,419			(48,885		)	366,204			23,567			(324,659		)	377,646

Cash flows from investing activities:
Capital expenditures	—			(72,623		)	(81,881		)	(8,536		)	—			(163,040		)
Proceeds from redemption of marketable securities	—			—			—			18,711			—			18,711
Purchase of marketable securities and investments	—			(2,436		)	47,169			(68,136		)	(56,544		)	(79,947		)
Proceeds from Storage transactions, net of cash contributed	—			93,387			(89		)	61,593			—			154,891
Proceeds from Shredding transaction	—			3,344			—			—			—			3,344
Proceeds from sale of stock of an equity method investment	—			—			29,933			—			—			29,933
Dividends received on equity method investment	—			—			5,247			—			—			5,247
Acquisitions of businesses, net of cash acquired	—			(13,798		)	—			—			—			(13,798		)
Other, net	123,154			45,096			(545,939		)	(2,677		)	381,949			1,583
Net cash provided by (used in) investing activities	123,154			52,970			(545,560		)	955			325,405			(43,076		)

Cash flows from financing activities:
Proceeds from issuance of debt	—			—			(2,225		)	2,225			—			—
Repayment of debt	—			(726		)	3,421			(2,405		)	(746		)	(456		)
Exercise of stock-based compensation awards	31,956			—			—			—			—			31,956
Dividends paid	(201,881		)	—			—			(60		)	—			(201,941		)
Repurchase of common stock	(314,648		)	—			—			—			—			(314,648		)
Other, net	—			1,464			—			1,675			—			3,139
Net cash (used in) provided by financing activities	(484,573		)	738			1,196			1,435			(746		)	(481,950		)

Effect of exchange rate changes on cash and cash equivalents	—			—			—			(7,588		)	—			(7,588		)

Net increase (decrease) in cash and cash equivalents	—			4,823			(178,160		)	18,369			—			(154,968		)
Cash and cash equivalents at beginning of period	—			73,540			399,525			40,223			—			513,288
Cash and cash equivalents at end of period	$	—		$	78,363		$	221,365		$	58,592		$	—		$	358,320

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, current	—			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