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Consolidated Condensed Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2019
Nov. 30, 2018
Nov. 30, 2019
Nov. 30, 2018
Revenue:        
Total revenue $ 1,843,749 $ 1,718,268 $ 3,654,888 $ 3,416,243
Costs and expenses:        
Selling and administrative expenses 517,927 491,671 1,060,923 996,305
G&K Services, Inc. integration expenses 0 7,847 0 12,697
Operating income 334,464 275,640 640,610 540,868
Gain on sale of a cost method investment 0 69,373 0 69,373
Interest income (283) (391) (445) (887)
Interest expense 26,177 24,880 53,498 49,184
Income before income taxes 308,570 320,524 587,557 561,944
Income taxes 62,127 77,530 90,302 106,403
Income from continuing operations 246,443 242,994 497,255 455,541
(Loss) income from discontinued operations, net of tax benefit of $107, tax expense of $6, tax benefit of $107 and tax benefit of $4, respectively (323) 19 (323) (13)
Net income $ 246,120 $ 243,013 $ 496,932 $ 455,528
Basic earnings per share:        
Continuing operations (in dollars per share) $ 2.35 $ 2.25 $ 4.75 $ 4.21
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Basic earnings per share (in dollars per share) 2.35 2.25 4.75 4.21
Diluted earnings per share:        
Continuing operations (in dollars per share) 2.27 2.18 4.60 4.07
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Diluted earnings per share (in dollars per share) 2.27 2.18 4.60 4.07
Dividends declared per share (in dollars per share) $ 2.55 $ 2.05 $ 2.55 $ 2.05
Uniform Rental and Facility Services        
Revenue:        
Total revenue $ 1,469,976 $ 1,390,778 $ 2,924,503 $ 2,765,716
Costs and expenses:        
Cost of revenue 784,937 761,119 1,553,613 1,507,572
Other        
Revenue:        
Total revenue 373,773 327,490 730,385 650,527
Costs and expenses:        
Cost of revenue $ 206,421 $ 181,991 $ 399,742 $ 358,801