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Consolidated Condensed Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Feb. 29, 2020
Feb. 28, 2019
Revenue:        
Total revenue $ 1,810,648 $ 1,682,330 $ 5,465,536 $ 5,098,573
Costs and expenses:        
Selling and administrative expenses 509,743 476,099 1,570,666 1,472,404
G&K Services, Inc. integration expenses 0 799 0 13,496
Operating income 314,652 278,255 955,262 819,123
Gain on sale of a cost method investment 0 0 0 69,373
Interest income (347) (70) (792) (957)
Interest expense 25,943 26,770 79,441 75,954
Income before income taxes 289,056 251,555 876,613 813,499
Income taxes 54,536 50,632 144,838 157,035
Income from continuing operations 234,520 200,923 731,775 656,464
Income (loss) from discontinued operations, net of tax expense of $772, tax benefit of $107 and tax expense of $768, respectively 0 2,411 (323) 2,398
Net income $ 234,520 $ 203,334 $ 731,452 $ 658,862
Basic earnings per share:        
Continuing operations (in dollars per share) $ 2.23 $ 1.89 $ 6.98 $ 6.10
Discontinued operations (in dollars per share) 0.00 0.02 0 0.02
Basic earnings per share (in dollars per share) 2.23 1.91 6.98 6.12
Diluted earnings per share:        
Continuing operations (in dollars per share) 2.16 1.83 6.76 5.91
Discontinued operations (in dollars per share) 0.00 0.02 0.00 0.02
Diluted earnings per share (in dollars per share) 2.16 1.85 6.76 5.93
Dividends declared per share (in dollars per share) $ 0 $ 0 $ 2.55 $ 2.05
Uniform Rental and Facility Services        
Revenue:        
Total revenue $ 1,448,021 $ 1,358,322 $ 4,372,524 $ 4,124,038
Costs and expenses:        
Cost of revenue 784,930 748,971 2,338,543 2,256,543
Other        
Revenue:        
Total revenue 362,627 324,008 1,093,012 974,535
Costs and expenses:        
Cost of revenue $ 201,323 $ 178,206 $ 601,065 $ 537,007