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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
May 31, 2018
May 31, 2017
May 31, 2016
Revenue:      
Uniform rental and facility services $ 5,247,124 $ 4,202,490 $ 3,759,524
Other 1,229,508 1,120,891 1,036,248
Total revenue 6,476,632 5,323,381 4,795,772
Costs and expenses:      
Cost of uniform rental and facility services 2,886,959 2,307,774 2,092,833
Cost of other 681,150 635,312 601,599
Selling and administrative expenses 1,916,792 1,527,380 1,332,399
G&K Services, Inc. transaction and integration expenses 41,897 79,224 0
Operating income 949,834 773,691 768,941
Interest income (1,342) (237) (896)
Interest expense 110,175 86,524 64,522
Income before income taxes 841,001 687,404 705,315
Income taxes 57,069 230,118 256,710
Income from continuing operations 783,932 457,286 448,605
Income from discontinued operations, net of tax of $35,313, $15,057 and $138,184, respectively 58,654 23,422 244,915
Net income $ 842,586 $ 480,708 $ 693,520
Basic earnings per share:      
Continuing operations (dollars per share) $ 7.24 $ 4.27 $ 4.08
Discontinued operations (dollars per share) 0.54 0.22 2.22
Basic earnings per share (dollars per share) 7.78 4.49 6.30
Diluted earnings per share:      
Continuing operations (dollars per share) 7.03 4.17 4.02
Discontinued operations (dollars per share) 0.53 0.21 2.19
Diluted earnings per share (dollars per share) 7.56 4.38 6.21
Dividends declared and paid per share (dollars per share) $ 1.62 $ 1.33 $ 1.05