Basis of Presentation (Tables)

3 Months Ended

Aug. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Inventory

Inventory is comprised of the following amounts at: 

(In thousands)	August 31, 2018		May 31, 2018
Raw materials	$	17,220	$	17,042
Work in process	31,840		27,350
Finished goods	254,710		235,955
	$	303,770	$	280,347

Schedule of Impact of Adopting New Revenue Guidance

			Impacts of Adopting ASU 2014-09
(In thousands)	May 31,  2018		Capitalization of Contract Costs		Assets With No Alternative Use			June 1,  2018
ASSETS
Accounts receivable, net	$	804,583	$	—	$	13,426		$	818,009
Inventories, net	280,347		—		(11,265		)	269,082
Prepaid expenses and other current assets	32,383		63,463		—			95,846
Total current assets	1,977,932		63,463		2,161			2,043,556
Other assets, net	29,315		187,503		—			216,818
Total assets	$	6,958,214	$	250,966	$	2,161		$	7,211,341
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deferred income taxes	$	352,581	$	63,389	$	546		$	416,516
Total long-term liabilities	3,165,831		63,389		546			3,229,766
Retained earnings	5,837,827		187,577		1,615			6,027,019
Total shareholders' equity	3,016,526		187,577		1,615			3,205,718
Total liabilities and shareholders' equity	$	6,958,214	$	250,966	$	2,161		$	7,211,341

The impacts of adopting ASU 2014-09 on our fiscal 2019 consolidated condensed financial statements are presented in the following tables:

	Three Months Ended  August 31, 2018
Consolidated Condensed Statement of Income (In thousands)	As  Reported		Under  Historical Guidance		Impact of Adopting ASU 2014-09
Revenue:
Uniform rental and facility services	$	1,374,938	$	1,375,833	$	(895	)
Other	323,037		322,660		377
Total revenue	1,697,975		1,698,493		(518		)
Costs and expenses:
Cost of other	176,810		176,404		406
Selling and administrative expenses	504,634		511,674		(7,040		)
Operating income	265,228		259,112		6,116
Income before income taxes	241,420		235,304		6,116
Income taxes	28,873		27,328		1,545
Income from continuing operations	212,547		207,976		4,571
Net income	$	212,515	$	207,944	$	4,571
Diluted earnings per share	$	1.89	$	1.85	$	0.04

	Balance at August 31, 2018
Consolidated Condensed Balance Sheet (In thousands)	As  Reported		Under  Historical Guidance		Impact of Adopting ASU 2014-09
ASSETS
Accounts receivable, net	$	838,192	$	824,328	$	13,864
Inventories, net	303,770		315,388		(11,618		)
Income taxes, current	6,878		6,114		764
Prepaid expenses and other current assets	112,474		47,139		65,335
Total current assets	2,104,378		2,036,033		68,345
Other assets, net	221,983		30,321		191,662
Total assets	$	7,287,204	$	7,027,197	$	260.007
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deferred income taxes	$	424,344	$	358,188	$	66,156
Total long-term liabilities	3,262,142		3,195,986		66,156
Retained earnings	6,239,535		6,045,684		193,851
Total shareholders' equity	3,345,968		3,152,117		193,851
Total liabilities and shareholders' equity	$	7,287,204	$	7,027,197	$	260,007