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Leases (Tables)
3 Months Ended
Aug. 31, 2022
Leases [Abstract]  
Operating Lease Cost and Additional Lease Information
The following table provides supplemental information related to the Company's consolidated condensed statements of cash flows for the three months ended August 31:
(In thousands)20222021
Cash paid for amounts included in the measurement of operating lease liabilities$12,608 $11,913 
Operating lease right-of-use assets obtained in exchange for new and renewed
   operating lease liabilities
$15,836 $2,792 
Other information related to the operating lease right-of-use assets, net and operating lease liabilities was as follows:
August 31,
2022
May 31,
2022
Weighted-average remaining lease term - operating leases5.38 years5.40 years
Weighted-average discount rate - operating leases2.37%2.20%
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, 2022:
(In thousands)
2023 (remaining nine months)
$35,860 
202440,851 
202532,515 
202625,800 
202718,342 
Thereafter36,036 
Total payments189,404 
Less interest(11,855)
Total present value of lease payments$177,549