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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
May 31, 2021
May 31, 2020
May 31, 2019
Revenue:      
Revenue $ 7,116,340 $ 7,085,120 $ 6,892,303
Costs and expenses:      
Selling and administrative expenses 1,929,159 2,071,052 1,980,644
G&K Services, Inc. integration expenses 0 0 14,410
Operating income 1,385,492 1,162,696 1,133,534
Gain on sale of a cost method investment 0 0 69,373
Interest income (467) (988) (1,228)
Interest expense 98,210 105,393 101,736
Income before income taxes 1,287,749 1,058,291 1,102,399
Income taxes 176,781 181,931 219,764
Income from continuing operations 1,110,968 876,360 882,635
(Loss) income from discontinued operations, net of tax (benefit) expense of $0, $(107) and $757, respectively 0 (323) 2,346
Net income $ 1,110,968 $ 876,037 $ 884,981
Basic earnings per share:      
Continuing operations (dollars per share) $ 10.52 $ 8.36 $ 8.23
Discontinued operations (dollars per share) 0.00 0.00 0.02
Basic earnings per share (dollars per share) 10.52 8.36 8.25
Diluted earnings per share:      
Continuing operations (dollars per share) 10.24 8.11 7.97
Discontinued operations (dollars per share) 0.00 0.00 0.02
Diluted earnings per share (dollars per share) 10.24 8.11 7.99
Dividends declared and paid per share (dollars per share) $ 5.01 $ 2.55 $ 2.05
Uniform rental and facility services      
Revenue:      
Revenue $ 5,689,632 $ 5,643,494 $ 5,552,430
Costs and expenses:      
Cost of revenue 2,983,514 3,055,145 3,027,599
Other      
Revenue:      
Revenue 1,426,708 1,441,626 1,339,873
Costs and expenses:      
Cost of revenue $ 818,175 $ 796,227 $ 736,116