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Discontinued Operations (Tables)
 12 Months Ended
May 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Selective Unaudited Financial Information for Equity Method Investment
Cintas provides the following unaudited summary information regarding the Shred-it Partnership's financial position and results of operations as of and for the twelve months ended April 30, 2015:
Summary Balance Sheet Information
As of
(in thousands)
April 30, 2015
 
 
Assets
 
Current assets
$
150,792

Non-current assets
$
968,956

 
 
Liabilities
 
Current liabilities
$
73,971

Non-current liabilities
$
532,673

Summary Income Statement Information
For the 12 Months Ended
(in thousands)
April 30, 2015
 
 
Net sales
$
695,628

Gross profit
$
432,532

Net income
$
10,385
Schedule of Discontinued Operations
Following is selected financial information included in net income from discontinued operations for the Shredding and Storage businesses:
(In thousands)
2016
 
2015(1)
 
2014(1)
 
 
 
 
 
 
Revenue
$
—

 
$
31,379

 
$
357,967

 
 
 
 
 
 
Income (loss) before income taxes, excluding gains (losses) from sale transactions and investments
434

 
(3,515
)
 
6,913

 
 
 
 
 
 
Gain on Storage transactions
15,786

 
38,573

 
—

(Loss) gain on Shred-it (1)
(24,288
)
 
(3,851
)
 
63,817

Gain on sale of Shred-it
378,359

 
—

 
—

Income tax expense
(133,712
)
 
(11,110
)
 
(34,060
)
Net income from discontinued operations
$
236,579

 
$
20,097

 
$
36,670


(1) Results for the fiscal years ended May 31, 2015 and 2014 related to Shred-it and Shredding were previously presented in continuing operations and were reclassified to discontinued operations as previously discussed.