Basis of Presentation (Tables)

6 Months Ended

Nov. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Inventory

Inventory is comprised of the following amounts at: 

(In thousands)	November 30, 2018		May 31, 2018
Raw materials	$	14,005	$	17,042
Work in process	32,420		27,350
Finished goods	275,449		235,955
	$	321,874	$	280,347

Schedule of Impact of Adopting New Revenue Guidance

			Impacts of Adopting ASU 2014-09
(In thousands)	May 31,  2018		Capitalization of Contract Costs		Assets With No Alternative Use			June 1,  2018
ASSETS
Accounts receivable, net	$	804,583	$	—	$	13,426		$	818,009
Inventories, net	280,347		—		(11,265		)	269,082
Prepaid expenses and other current assets	32,383		63,463		—			95,846
Total current assets	1,977,932		63,463		2,161			2,043,556
Other assets, net	29,315		187,503		—			216,818
Total assets	$	6,958,214	$	250,966	$	2,161		$	7,211,341
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deferred income taxes	$	352,581	$	63,389	$	546		$	416,516
Total long-term liabilities	3,165,831		63,389		546			3,229,766
Retained earnings	5,837,827		187,577		1,615			6,027,019
Total shareholders' equity	3,016,526		187,577		1,615			3,205,718
Total liabilities and shareholders' equity	$	6,958,214	$	250,966	$	2,161		$	7,211,341

The impacts of adopting ASU 2014-09 on our fiscal 2019 consolidated condensed financial statements are presented in the following tables:

	Six Months Ended November 30, 2018
Consolidated Condensed Statement of Income (In thousands)	As  Reported		Under  Historical Guidance		Impact of Adopting ASU 2014-09
Revenue:
Uniform rental and facility services	$	2,765,716	$	2,767,884	$	(2,168	)
Other	650,527		649,802		725
Total revenue	3,416,243		3,417,686		(1,443		)
Costs and expenses:
Cost of other	358,801		357,902		899
Selling and administrative expenses	996,305		1,010,394		(14,089		)
Operating income	540,868		529,121		11,747
Income before income taxes	561,944		550,197		11,747
Income taxes	106,403		103,537		2,866
Income from continuing operations	455,541		446,660		8,881
Net income	$	455,528	$	446,647	$	8,881
Diluted earnings per share	$	4.07	$	3.99	$	0.08

	Balance at November 30, 2018
Consolidated Condensed Balance Sheet (In thousands)	As  Reported		Under  Historical Guidance		Impact of Adopting ASU 2014-09
ASSETS
Accounts receivable, net	$	904,062	$	889,716	$	14,346
Inventories, net	321,874		334,038		(12,164		)
Income taxes, current	36,595		36,600		(5		)
Prepaid expenses and other current assets	106,614		39,642		66,972
Total current assets	2,215,870		2,146,721		69,149
Other assets, net	228,386		32,666		195,720
Total assets	$	7,405,083	$	7,140,214	$	264,869
LIABILITIES AND SHAREHOLDERS’ EQUITY
Long-term liabilities:
Deferred income taxes	$	435,461	$	368,665	$	66,796
Total long-term liabilities	3,263,153		3,196,357		66,796
Retained earnings	6,261,756		6,063,683		198,073
Total shareholders' equity	3,027,244		2,829,171		198,073
Total liabilities and shareholders' equity	$	7,405,083	$	7,140,214	$	264,869