XML 38 R25.htm IDEA: XBRL DOCUMENT v3.24.3
Leases (Tables)
3 Months Ended
Aug. 31, 2024
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)20242023
Cash paid for amounts included in the measurement of operating lease liabilities$13,328 $12,696 
Operating lease right-of-use assets obtained in exchange for new and renewed
   operating lease liabilities
$13,973 $14,286 

Other information related to the operating lease right-of-use assets, net and operating lease liabilities was as follows:
August 31,
2024
May 31,
2024
Weighted-average remaining lease term5.20 years5.15 years
Weighted-average discount rate3.64%3.48%
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, 2024:
(In thousands)
2025 (remaining nine months)
$39,570 
202647,203 
202737,748 
202831,759 
202923,645 
Thereafter36,546 
Total payments216,471 
Less interest(20,589)
Total present value of lease payments$195,882