Comprehensive Income

9 Months Ended

Feb. 29, 2012

Comprehensive Income

Comprehensive Income

8.Comprehensive Income

Total comprehensive income represents the net change in shareholders’ equity during a period from sources other than transactions with shareholders and, as such, includes net income.  For Cintas, the only components of other comprehensive income are the change in cumulative foreign currency translation adjustments, the change in the fair value of derivatives, the amortization of interest rate lock agreements and the change in the fair value of available-for-sale securities.  The components of comprehensive income are as follows:

(In thousands)	Three Months Ended		Nine Months Ended
	February 29,	February 28,	February 29,	February 28,
	2012	2011	2012	2011
Net income	$76,035	$59,070	$219,023	$176,213
Other comprehensive income:
Foreign currency translation adjustment	11,203	15,472	(9,343)	28,846
Change in fair value of derivatives*	304	(152)	485	(777)
Amortization of interest rate lock agreements	377	192	1,131	575
Change in fair value of available-for-sale securities**	(29)	(10)	(4)	18
Comprehensive income	$87,890	$74,572	$211,292	$204,875

*   Net of $0.2 million of tax expense and less than $0.1 million of tax benefit for the three months ended February 29, 2012 and February 28, 2011, respectively.  Net of $0.3 million of tax expense and net of $0.5 million of tax benefit for the nine months ended February 29, 2012 and February 28, 2011, respectively.

** Net of less than $0.1 million of tax benefit for both the three months ended February 29, 2012 and February 28, 2011, respectively.  Net of less than $0.1 million of tax benefit and less than $0.1 million of tax expense for the nine months ended February 29, 2012 and February 28, 2011, respectively.