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Leases (Tables)
3 Months Ended
Aug. 31, 2019
Leases [Abstract]  
Contractual Future Minimum Lease Payments of Operating Lease Liabilities
The contractual future minimum lease payments of Cintas' operating lease liabilities by fiscal year are as follows as of August 31, 2019:
(In thousands)
 
 
 
 
 
2020 (remaining nine months)
 
$
35,753

2021
 
40,981

2022
 
31,877

2023
 
24,487

2024
 
15,691

Thereafter
 
33,065

Total payments
 
181,854

Less interest
 
(13,160
)
Total present value of lease payments
 
$
168,694


Operating Lease Cost and Additional Lease Information
The following table presents the operating lease cost and information related to the operating lease right-of-use assets, net and operating lease liabilities for the three months ended August 31, 2019:
(In thousands, except lease term and discount rate)
 
 
 
 
 
Lease cost
 
 
Operating lease costs including short-term lease expense and variable lease costs, which
   were immaterial in the quarter
 
$
17,200

 
 
 
Operating cash flow impacts
 
 
Cash paid for amounts included in the measurement of operating lease liabilities
 
$
12,342

Operating lease right-of-use assets obtained in exchange for new operating lease liabilities
 
$
6,828

Weighted-average remaining lease term - operating leases
 
5.36 years
Weighted-average discount rate - operating leases
 
2.68%