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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2013
Revenue:      
Rental uniforms and ancillary products $ 3,454,956 $ 3,223,930 $ 3,044,587
Other services 1,021,930 1,245,635 1,201,377
Total revenue 4,476,886 4,469,565 4,245,964
Costs and expenses:      
Cost of rental uniforms and ancillary products 1,913,466 1,829,427 1,756,297
Cost of other services 642,083 766,484 736,358
Selling and administrative expenses 1,224,930 1,264,836 1,187,331
Shredding Transaction asset impairment charge 0 16,143 0
Shredding Transaction costs 0 28,481 0
Operating income 696,407 564,194 565,978
Gain on deconsolidation of Shredding 4,952 106,441 0
Gain on sale of stock of an equity method investment 21,739 0 0
Interest income (339) (229) (409)
Interest expense 65,161 65,822 65,712
Income before income taxes 658,276 605,042 500,675
Income taxes 244,660 231,991 184,089
(Loss) gain on investment in Shred-it Partnership, net of tax benefit of $3,264 and tax of $766, respectively (5,539) 1,234 0
Income from continuing operations 408,077 374,285 316,586
Income (loss) from discontinued operations, net of tax of $12,320, $658, and $377, respectively 22,541 157 (1,144)
Net income $ 430,618 $ 374,442 $ 315,442
Basic earnings (loss) per share, continuing operations (dollars per share) $ 3.49 $ 3.08 $ 2.54
Basic earnings (loss) per share, discontinued operations (dollars per share) 0.19 0.00 (0.01)
Basic earnings per share (dollars per share) 3.68 3.08 2.53
Diluted earnings (loss) per share, continuing operations (dollars per share) 3.44 3.05 2.53
Diluted earnings (loss) per share, discontinued operations (dollars per share) 0.19 0.00 (0.01)
Diluted earnings per share (dollars per share) 3.63 3.05 2.52
Dividends declared and paid per share (dollars per share) $ 1.70 $ 0.77 $ 0.64