Investments

6 Months Ended

Nov. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Investments

Investments

Cintas' investments are summarized as follows:

(In thousands)	November 30, 2021		May 31, 2021
Cash surrender value of insurance policies	$	270,146	$	252,061
Equity method investments	16,814		19,388
Cost method investments	2,163		3,167
Total investments	$	289,123	$	274,616

Investments are generally evaluated for impairment on an annual basis or when indicators of impairment exist. For the three and six months ended November 30, 2021 and 2020, no impairment losses were recorded.

Subsequent to November 30, 2021, Cintas purchased the remaining interest in an equity method investment that is a component of its supply chain within the Uniform Rental and Facility Services reportable operating segment for cash consideration of $47.7 million. Subsequent to the purchase, Cintas will consolidate the operations of the previously accounted for equity method investment. The acquisition will be accounted for under the acquisition method.