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Leases (Tables)
6 Months Ended
Nov. 30, 2020
Leases [Abstract]  
Operating Lease Cost and Additional Lease Information
The following table provides supplemental information related to the Company's consolidated condensed statements of cash flows for the six months ended November 30:
(In thousands)20202019
Cash paid for amounts included in the measurement of operating lease liabilities$24,565 $24,927 
Operating lease right-of-use assets obtained in exchange for new and renewed
operating lease liabilities
$15,735 $24,770 
Other information related to the operating lease right-of-use assets, net and operating lease liabilities was as follows:
November 30, 2020May 31,
2020
Weighted-average remaining lease term - operating leases5.01 years5.19 years
Weighted-average discount rate - operating leases2.58%2.66%
Contractual Future Minimum Lease Payments of Operating Lease Liabilities
The contractual future minimum lease payments of Cintas' operating lease liabilities by fiscal year are as follows as of November 30, 2020:
(In thousands)
2021 (remaining six months)
$24,445 
202242,156 
202333,459 
202423,634 
202516,798 
Thereafter30,754 
Total payments171,246 
Less interest(11,070)
Total present value of lease payments$160,176