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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
May 31, 2020
May 31, 2019
May 31, 2018
Revenue:      
Revenue $ 7,085,120 $ 6,892,303 $ 6,476,632
Costs and expenses:      
Selling and administrative expenses 2,071,052 1,980,644 1,916,792
G&K Services, Inc. integration expenses 0 14,410 41,897
Operating income 1,162,696 1,133,534 949,834
Gain on sale of a cost method investment 0 69,373 0
Interest income (988) (1,228) (1,342)
Interest expense 105,393 101,736 110,175
Income before income taxes 1,058,291 1,102,399 841,001
Income Tax Expense (Benefit) 181,931 219,764 57,069
Income from continuing operations 876,360 882,635 783,932
(Loss) income from discontinued operations, net of tax (benefit) expense of $(107), $757 and $35,313, respectively (323) 2,346 58,654
Net income $ 876,037 $ 884,981 $ 842,586
Basic earnings per share:      
Continuing operations (dollars per share) $ 8.36 $ 8.23 $ 7.24
Discontinued operations (dollars per share) 0.00 0.02 0.54
Basic earnings per share (dollars per share) 8.36 8.25 7.78
Diluted earnings per share:      
Continuing operations (dollars per share) 8.11 7.97 7.03
Discontinued operations (dollars per share) 0.00 0.02 0.53
Diluted earnings per share (dollars per share) 8.11 7.99 7.56
Dividends declared and paid per share (dollars per share) $ 2.55 $ 2.05 $ 1.62
Uniform rental and facility services      
Revenue:      
Revenue $ 5,643,494 $ 5,552,430 $ 5,247,124
Costs and expenses:      
Cost of revenue 3,055,145 3,027,599 2,886,959
Other      
Revenue:      
Revenue 1,441,626 1,339,873 1,229,508
Costs and expenses:      
Cost of revenue $ 796,227 $ 736,116 $ 681,150