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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
May 31, 2017
May 31, 2016
May 31, 2015
Revenue:      
Uniform rental and facility services $ 4,202,490 $ 3,759,524 $ 3,519,199
Other 1,120,891 1,036,248 850,478
Total revenue 5,323,381 4,795,772 4,369,677
Costs and expenses:      
Cost of uniform rental and facility services 2,307,774 2,092,833 1,992,665
Cost of other 635,312 601,599 484,089
Selling and administrative expenses 1,527,380 1,332,399 1,209,284
G&K Services, Inc. transaction and integration expenses 79,224 0 0
Operating income 773,691 768,941 683,639
Gain on sale of stock of an equity method investment 0 0 21,739
Interest income (237) (896) (339)
Interest expense 86,524 64,522 65,161
Income before income taxes 687,404 705,315 640,556
Income taxes 230,118 256,710 238,003
Income from continuing operations 457,286 448,605 402,553
Income from discontinued operations, net of tax of $15,057, $138,184 and $15,910, respectively 23,422 244,915 28,065
Net income $ 480,708 $ 693,520 $ 430,618
Basic earnings per share      
Basic earnings per share, continuing operations (dollars per share) $ 4.27 $ 4.08 $ 3.44
Basic earnings per share, discontinued operations (dollars per share) 0.22 2.22 0.24
Basic earnings per share (dollars per share) 4.49 6.30 3.68
Diluted earnings per share      
Diluted earnings per share, continuing operations (dollars per share) 4.17 4.02 3.39
Diluted earnings per share, discontinued operations (dollars per share) 0.21 2.19 0.24
Diluted earnings per share (dollars per share) 4.38 6.21 3.63
Dividends declared and paid per share (dollars per share) $ 1.33 $ 1.05 $ 1.70