XML 24 R14.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Acquisitions
12 Months Ended
May 31, 2011
Acquisitions  
Acquisitions

8.  Acquisitions

The purchase price paid for each acquisition has been allocated to the fair value of the assets acquired and liabilities assumed. During fiscal 2011, Cintas acquired four Uniform Rental and Ancillary Products operating segment businesses, eleven First Aid, Safety and Fire Protection Services operating segment businesses and twelve Document Management Services operating segment businesses. During fiscal 2010, Cintas acquired three First Aid, Safety and Fire Protection Services operating segment businesses and four Document Management Services operating segment businesses. The following summarizes the aggregate purchase price for all businesses acquired:

 

(In thousands)

    2011     2010  
 
 
 
 

Fair value of tangible assets acquired

  $ 37,403   $ 23,006  
 

Fair value of goodwill acquired

    125,562     26,978  
 

Fair value of service contracts acquired

    28,449     9,018  
 

Fair value of other intangibles acquired

    6,937     3,828  
         
 

Total fair value of assets acquired

    198,351     62,830  
 

Fair value of liabilities assumed and incurred

    24,729     11,870  
         
 

Total cash paid for acquisitions

  $ 173,622   $ 50,960  
         

The results of operation for the acquired businesses are included in the consolidated statements of income from the dates of acquisition. The pro forma revenue, net income and earnings per share information relating to acquired businesses are not presented because they are not significant to Cintas.