XML 47 R32.htm IDEA: XBRL DOCUMENT v3.23.2
Leases (Tables)
12 Months Ended
May 31, 2023
Leases [Abstract]  
Operating Lease Cost and Additional Lease Information
The following table provides supplemental information related to the Company's consolidated statements of cash flows for the fiscal years ended May 31:
(In thousands)20232022
Cash paid for amounts included in the measurement of operating lease liabilities$49,936 $49,579 
Operating lease right-of-use assets obtained in exchange for new and renewed
   operating lease liabilities
$54,214 $26,862 
Operating lease right-of-use assets acquired in business combinations$— $17,734 

Other information related to the operating lease right-of-use assets, net and operating lease liabilities was as follows at May 31:
20232022
Weighted-average remaining lease term - operating leases5.28 years5.40 years
Weighted-average discount rate - operating leases2.87%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 May 31, 2023:
(In thousands)
2024$48,070 
202540,455 
202633,166 
202724,493 
202819,728 
Thereafter30,776 
Total payments196,688 
Less interest(14,700)
Total present value of lease payments$181,988