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Consolidated Condensed Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2019
Feb. 28, 2018
Feb. 28, 2019
Feb. 28, 2018
Revenue:        
Total revenue $ 1,682,330 $ 1,589,138 $ 5,098,573 $ 4,807,082
Costs and expenses:        
Selling and administrative expenses 476,099 490,618 1,472,404 1,444,985
G&K Services, Inc. integration expenses 799 9,821 13,496 26,866
Operating income 278,255 200,024 819,123 684,334
Gain on sale of a cost method investment 0 0 69,373 0
Interest income (70) (384) (957) (972)
Interest expense 26,770 25,901 75,954 85,347
Income before income taxes 251,555 174,507 813,499 599,959
Income tax expense (benefit) 50,632 (121,282) 157,035 5,325
Income from continuing operations 200,923 295,789 656,464 594,634
Income from discontinued operations, net of tax expense of $772, tax benefit of $6,157, tax expense of $768 and tax expense of $34,946, respectively 2,411 6,306 2,398 61,781
Net income $ 203,334 $ 302,095 $ 658,862 $ 656,415
Basic earnings per share:        
Continuing operations (in dollars per share) $ 1.89 $ 2.73 $ 6.10 $ 5.50
Discontinued operations (in dollars per share) 0.02 0.06 0.02 0.57
Basic earnings per share (in dollars per share) 1.91 2.79 6.12 6.07
Diluted earnings per share:        
Continuing operations (in dollars per share) 1.83 2.66 5.91 5.35
Discontinued operations (in dollars per share) 0.02 0.05 0.02 0.55
Diluted earnings per share (in dollars per share) 1.85 2.71 5.93 5.90
Dividends declared per share (in dollars per share) $ 2.05 $ 1.62 $ 2.05 $ 1.62
Uniform Rental and Facility Services        
Revenue:        
Total revenue $ 1,358,322 $ 1,284,516 $ 4,124,038 $ 3,904,338
Costs and expenses:        
Cost of revenue 748,971 718,138 2,256,543 2,148,961
Other        
Revenue:        
Total revenue 324,008 304,622 974,535 902,744
Costs and expenses:        
Cost of revenue $ 178,206 $ 170,537 $ 537,007 $ 501,936