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Discontinued Operations | 12 Months Ended
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May 31, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations In fiscal 2018, Cintas sold a significant business referred to as Discontinued Services and received $127.8 million of proceeds from the sale. Prior to the sale, Discontinued Services was primarily included in All Other and was classified as held for sale. In fiscal 2015 and 2016, Cintas sold the storage business (Storage) and the investment in the Shred-it Partnership (Shred-it), respectively. In accordance with the applicable accounting guidance for the disposal of long-lived assets, the results of Discontinued Services, Storage and Shred-it have been excluded from both continuing operations and operating segment results for all periods presented. In fiscal 2017, we received additional proceeds related to the sale of Storage and Shred-it and realized a pre-tax gain of $2.4 million and $25.5 million, respectively, as a result of the additional consideration received. During fiscal 2019, we received the final proceeds related to contingent consideration on the sale of Shred-it and realized a pre-tax gain of $3.2 million. Following is selected financial information included in net income from discontinued operations for Discontinued Services, Storage and Shred-it for the fiscal years ended May 31:
(In thousands) | 2019 |  | 2018 |  | 2017
Revenue | $ | — |  |  | $ | 10,773 |  |  | $ | 105,559 |
(Loss) income before income taxes, excluding gains from sale transactions and investments | (97 | ) |  | (2,433 | ) |  | 10,622 |
Income tax benefit (expense) | 24 |  |  | 706 |  |  | (3,930 | )
Gain on sale of business | 3,200 |  |  | 96,400 |  |  | 27,857 |
Income tax expense on net gain | (781 | ) |  | (36,019 | ) |  | (11,127 | )
Net income from discontinued operations | $ | 2,346 |  |  | $ | 58,654 |  |  | $ | 23,422 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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