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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2017
May 31, 2016
Current assets:    
Cash and cash equivalents $ 169,266 $ 139,357
Marketable securities 22,219 70,405
Accounts receivable, principally trade, less allowance of $20,525 and $19,103, respectively 736,008 546,488
Inventories, net 278,218 249,362
Uniforms and other rental items in service 635,702 538,286
Income taxes, current 44,320 1,712
Prepaid expenses and other current assets 30,132 25,948
Assets held for sale 38,613 19,021
Total current assets 1,954,478 1,590,579
Property and equipment, at cost, net 1,323,501 993,692
Investments 164,788 [1] 124,952 [2]
Goodwill 2,782,335 1,276,076
Service contracts, net 586,988 78,194
Other assets, net 31,967 14,283
Long-term assets held for sale 0 21,039
Total assets 6,844,057 4,098,815
Current liabilities:    
Accounts payable 177,051 110,940
Accrued compensation and related liabilities 149,635 101,391
Accrued liabilities 429,809 343,266
Liabilities held for sale 11,457 9,958
Debt due within one year 362,900 250,000
Total current liabilities 1,130,852 815,555
Long-term liabilities:    
Debt due after one year 2,770,624 1,044,422
Deferred income taxes 469,328 259,475
Accrued liabilities 170,460 136,704
Total long-term liabilities 3,410,412 1,440,601
Shareholders' equity:    
Preferred stock, no par value: 100,000 shares authorized, none outstanding 0 0
Common stock, no par value: 425,000,000 shares authorized, 2017: 180,992,605 shares issued and 104,213,479 shares outstanding, 2016: 179,598,516 shares issued and 104,213,479 shares outstanding 485,068 409,682
Paid-in capital 223,924 205,260
Retained earnings 5,170,830 4,805,867
Treasury stock: 2017: 75,591,976 shares, 2016: 75,385,037 shares (3,574,000) (3,553,276)
Accumulated other comprehensive loss (3,029) (24,874)
Total shareholders' equity 2,302,793 1,842,659
Total liabilities and shareholders' equity $ 6,844,057 $ 4,098,815
[1] Investments include inter company investment activity. Corp 2 and Subsidiary Guarantors hold $29.0 million and $135.8 million, respectively, of the $164.8 million consolidated net investments.
[2] Investments include inter company investment activity. Corp 2 and Subsidiary Guarantors hold $15.5 million and $109.5 million, respectively, of the $125.0 million consolidated net investments.