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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2019
May 31, 2019
Current assets:    
Cash and cash equivalents $ 102,131 $ 96,645
Accounts receivable, net 917,535 910,120
Inventories, net 336,290 334,589
Uniforms and other rental items in service 796,187 784,133
Income taxes, current 0 7,475
Prepaid expenses and other current assets 137,675 103,318
Total current assets 2,289,818 2,236,280
Property and equipment, net 1,422,351 1,430,685
Investments 208,987 192,346
Goodwill 2,849,613 2,842,441
Service contracts, net 482,977 494,595
Operating lease right-of-use assets, net 163,089  
Other assets, net 245,065 240,315
Total assets 7,661,900 7,436,662
Current liabilities:    
Accounts payable 237,242 226,020
Accrued compensation and related liabilities 99,200 155,509
Accrued liabilities 395,416 433,940
Income taxes, current 9,238 0
Operating lease liabilities, current 43,010  
Debt due within one year 338,776 312,264
Total current liabilities 1,122,882 1,127,733
Long-term liabilities:    
Debt due after one year 2,538,057 2,537,507
Deferred income taxes 436,755 438,179
Operating lease liabilities 125,684  
Accrued liabilities 387,816 330,522
Total long-term liabilities 3,488,312 3,306,208
Shareholders’ equity:    
Preferred stock, no par value: 100,000 shares authorized, none outstanding 0 0
Common stock, no par value: 425,000,000 shares authorized, FY 2020: 185,952,964 shares issued and 103,364,545 shares outstanding; FY 2019: 184,790,626 shares issued and 103,284,401 shares outstanding 1,036,125 840,328
Paid-in capital 110,441 227,928
Retained earnings 6,939,240 6,691,236
Treasury stock: FY 2019: 82,588,419 shares, FY 2018: 81,506,225 shares (4,974,449) (4,717,619)
Accumulated other comprehensive loss (60,651) (39,152)
Total shareholders’ equity 3,050,706 3,002,721
Total liabilities and shareholders' equity $ 7,661,900 $ 7,436,662