Basis of Presentation (Tables)

9 Months Ended

Feb. 28, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Inventory

Inventory is comprised of the following amounts at: 

(In thousands)	February 28, 2019		May 31, 2018
Raw materials	$	18,628	$	17,042
Work in process	32,525		27,350
Finished goods	288,652		235,955
	$	339,805	$	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:

	Nine Months Ended February 28, 2019
Consolidated Condensed Statement of Income (In thousands)	As  Reported		Under  Historical Guidance		Impact of Adopting ASU 2014-09
Revenue:
Uniform rental and facility services	$	4,124,038	$	4,127,359	$	(3,321	)
Other	974,535		971,995		2,540
Total revenue	5,098,573		5,099,354		(781		)
Costs and expenses:
Cost of other	537,007		535,364		1,643
Selling and administrative expenses	1,472,404		1,493,553		(21,149		)
Operating income	819,123		800,398		18,725
Income before income taxes	813,499		794,774		18,725
Income taxes	157,035		152,466		4,569
Income from continuing operations	656,464		642,308		14,156
Net income	$	658,862	$	644,706	$	14,156
Diluted earnings per share	$	5.93	$	5.80	$	0.13

	Balance at February 28, 2019
Consolidated Condensed Balance Sheet (In thousands)	As  Reported		Under  Historical Guidance		Impact of Adopting ASU 2014-09
ASSETS
Accounts receivable, net	$	878,037	$	861,725	$	16,312
Inventories, net	339,805		352,714		(12,909		)
Income taxes, current	42,552		42,855		(303		)
Prepaid expenses and other current assets	108,969		40,616		68,353
Total current assets	2,223,756		2,152,303		71,453
Other assets, net	237,851		37,756		200,095
Total assets	$	7,433,673	$	7,162,125	$	271,548
LIABILITIES AND SHAREHOLDERS’ EQUITY
Long-term liabilities:
Deferred income taxes	$	439,011	$	370,811	$	68,200
Total long-term liabilities	3,259,830		3,191,630		68,200
Retained earnings	6,465,121		6,261,773		203,348
Total shareholders' equity	3,179,492		2,976,144		203,348
Total liabilities and shareholders' equity	$	7,433,673	$	7,162,125	$	271,548