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Discontinued Operations
 9 Months Ended
Feb. 28, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
 
During the first quarter of fiscal 2018, Cintas sold a significant business referred to as Discontinued Services and received proceeds from the sale of $127.8 million. The results of Discontinued Services are included in discontinued operations for all periods presented. In accordance with the applicable accounting guidance for the disposal of long-lived assets and discontinued operations, the results of Discontinued Services have been excluded from both continuing operations and operating segment results for all periods presented.

Cintas' investment in the Shred-it Partnership (Shred-it) and the historical shredding business which was contributed to Shred-it were classified as discontinued operations as a result of the sale of Shred-it during fiscal 2016. During the quarter ended February 28, 2019, we received the final proceeds related to contingent consideration on the sale of Shred-it and realized a pre-tax gain of $3.2 million.

Following is selected financial information included in net income from discontinued operations:
 
Three Months Ended
 
Nine Months Ended
(In thousands)
February 28, 2019
 
February 28, 2018
 
February 28, 2019
 
February 28, 2018
 
 
 
 
 
 
 
 
Revenue
$
—

 
$
—

 
$
—

 
$
10,773

 
 
 
 
 
 
 
 
(Loss) income before income taxes
(17
)
 
149

 
(34
)
 
(2,333
)
Income tax benefit (expense)
9

 
(242
)
 
13

 
678

Gain on sale of business
3,200

 
—

 
3,200

 
99,060

Income tax (expense) benefit on net gain
(781
)
 
6,399

 
(781
)
 
(35,624
)
Net income from discontinued operations
$
2,411

 
$
6,306


$
2,398


$
61,781