XML 33 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Cash flows from operating activities:    
Net income $ 76,733 $ 68,638
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 40,342 38,277
Amortization of intangible assets 6,100 10,233
Stock-based compensation 5,448 4,522
Deferred income taxes 9,716 (7,808)
Change in current assets and liabilities, net of acquisitions of businesses:    
Accounts receivable, net (7,128) (10,142)
Inventories, net 9,889 (30,770)
Uniforms and other rental items in service (8,672) (11,124)
Prepaid expenses and other (5,392) (5,983)
Accounts payable 16,278 (9,329)
Accrued compensation and related liabilities (50,793) (27,611)
Accrued liabilities (27,400) (10,201)
Income taxes payable 29,744 47,860
Net cash provided by operating activities 94,865 56,562
Cash flows from investing activities:    
Capital expenditures (47,438) (44,421)
Proceeds from redemption of marketable securities 24,720 63,561
Purchase of marketable securities and investments (36,970) (107,145)
Acquisitions of businesses, net of cash acquired (2,130) (870)
Other, net 577 6,539
Net cash used in investing activities (61,241) (82,336)
Cash flows from financing activities:    
Proceeds from issuance of debt 250,000 0
Repayment of debt (225,154) (444)
Proceeds from exercise of stock-based compensation awards 1,119 0
Repurchase of common stock (77,953) (262,639)
Other, net (3,491) 926
Net cash used in financing activities (55,479) (262,157)
Effect of exchange rate changes on cash and cash equivalents 1,247 137
Net decrease in cash and cash equivalents (20,608) (287,794)
Cash and cash equivalents at beginning of period 339,825 438,106
Cash and cash equivalents at end of period $ 319,217 $ 150,312