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Stock-Based Compensation (Tables)
 12 Months Ended
May 31, 2014
Share-based Compensation [Abstract]  
Assumptions used to determine fair value of options
he fair value of options was estimated at the date of grant using a Black-Scholes option-pricing model with the following assumptions:
 
2014
 
2013
 
2012
 
 
 
 
 
 
Risk-free interest rate
2.0
%
 
1.3
%
 
2.4
%
Dividend yield
1.7
%
 
1.8
%
 
1.7
%
Expected volatility of Cintas' common stock
28.0
%
 
28.0
%
 
28.0
%
Expected life of the option in years
7.5

 
7.5

 
7.5
Stock options granted and outstanding under either the 2005 Equity Compensation Plan or under previously adopted plans
The information presented in the following table relates primarily to stock options granted and outstanding under either the 2005 Equity Compensation Plan or under previously adopted plans:
 
Shares
 
Weighted
Average
Exercise
Price
 
 
 
 
Outstanding, June 1, 2011 (1,945,207 shares exercisable)
7,664,703

 
$
36.12

Granted
1,638,907

 
36.26

Canceled
(1,591,480
)
 
36.90

Exercised
(103,013
)
 
32.66

Outstanding, May 31, 2012 (2,105,702 shares exercisable)
7,609,117

 
36.04

Granted
1,722,081

 
44.67

Canceled
(884,384
)
 
38.69

Exercised
(561,176
)
 
36.44

Outstanding, May 31, 2013 (1,815,795 shares exercisable)
7,885,638

 
37.60

Granted
2,111,649

 
61.04

Canceled
(699,314
)
 
42.42

Exercised
(1,272,179
)
 
39.03

Outstanding, May 31, 2014 (1,583,413 shares exercisable)
8,025,794

 
$
43.12
Information related to stock options outstanding
The following table summarizes the information related to stock options outstanding at May 31, 2014:
 
 
 
Outstanding Options
 
Exercisable Options
Range of
Exercise Prices
Number
Outstanding
 
Average
Remaining
Option
Life
 
Weighted
Average
Exercise
Price
 
Number
Exercisable
 
Weighted
Average
Exercise
Price
  $ 20.29 – $ 34.17
1,455,179
 
5.74
 
$
27.12

 
658,257

 
$
26.50

    34.18 – 37.80
1,256,058
 
6.51
 
34.88

 
146,089

 
35.72

    37.81 –  43.00
1,747,491
 
6.67
 
38.57

 
359,434

 
40.45

    43.01  –  62.12
3,567,066
 
8.64
 
55.32

 
419,633

 
44.94

  $ 20.29 – $ 62.12
8,025,794
 
7.35
 
$
43.12

 
1,583,413

 
$
35.40
Restricted stock awards granted and outstanding under either the 2005 Equity Compensation Plan or under previously adopted plans
The information presented in the following table relates to restricted stock awards granted and outstanding under either the 2005 Equity Compensation Plan or under previously adopted plans:
 
Shares
 
Weighted
Average
Grant
Price
Outstanding, unvested grants at June 1, 2011
1,917,382

 
$
28.22

Granted
452,267

 
35.95

Canceled
(188,685
)
 
30.62

Vested
(291,968
)
 
27.60

Outstanding, unvested grants at May 31, 2012
1,888,996

 
29.93

Granted
810,453

 
41.72

Canceled
(73,856
)
 
31.78

Vested
(610,570
)
 
25.40

Outstanding, unvested grants at May 31, 2013
2,015,023

 
35.97

Granted
661,514

 
60.66

Canceled
(52,124
)
 
37.95

Vested
(465,635
)
 
28.76

Outstanding, unvested grants at May 31, 2014
2,158,778

 
$
45.04