XML 17 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
May 31, 2019
May 31, 2018
May 31, 2017
Revenue:      
Revenue $ 6,892,303 $ 6,476,632 $ 5,323,381
Costs and expenses:      
Selling and administrative expenses 1,980,644 1,916,792 1,527,380
G&K Services, Inc. transaction and integration expenses 14,410 41,897 79,224
Operating income 1,133,534 949,834 773,691
Gain on sale of a cost method investment 69,373 0 0
Interest income (1,228) (1,342) (237)
Interest expense 101,736 110,175 86,524
Income before income taxes 1,102,399 841,001 687,404
Income taxes 219,764 57,069 230,118
Income from continuing operations 882,635 783,932 457,286
Income from discontinued operations, net of tax of $757, $35,313 and $15,057, respectively 2,346 58,654 23,422
Net income $ 884,981 $ 842,586 $ 480,708
Basic earnings per share:      
Continuing operations (dollars per share) $ 8.23 $ 7.24 $ 4.27
Discontinued operations (dollars per share) 0.02 0.54 0.22
Basic earnings per share (dollars per share) 8.25 7.78 4.49
Diluted earnings per share:      
Continuing operations (dollars per share) 7.97 7.03 4.17
Discontinued operations (dollars per share) 0.02 0.53 0.21
Diluted earnings per share (dollars per share) 7.99 7.56 4.38
Dividends declared and paid per share (dollars per share) $ 2.05 $ 1.62 $ 1.33
Uniform rental and facility services      
Revenue:      
Revenue $ 5,552,430 $ 5,247,124 $ 4,202,490
Costs and expenses:      
Cost of revenue 3,027,599 2,886,959 2,307,774
Other      
Revenue:      
Revenue 1,339,873 1,229,508 1,120,891
Costs and expenses:      
Cost of revenue $ 736,116 $ 681,150 $ 635,312