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Discontinued Operations | 9 Months Ended
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Feb. 28, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations During the first quarter of fiscal 2018, Cintas sold a significant business referred to as Discontinued Services and received proceeds from the sale of $127.8 million. The results of Discontinued Services are included in discontinued operations for all periods presented. In accordance with the applicable accounting guidance for the disposal of long-lived assets and discontinued operations, the results of Discontinued Services have been excluded from both continuing operations and operating segment results for all periods presented. Cintas' investment in the Shred-it Partnership (Shred-it) and the historical shredding business which was contributed to Shred-it were classified as discontinued operations as a result of the sale of Shred-it during fiscal 2016. During the quarter ended February 28, 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:
| Three Months Ended |  | Nine Months Ended
(In thousands) | February 28, 2019 |  | February 28, 2018 |  | February 28, 2019 |  | February 28, 2018
Revenue | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 10,773 |
(Loss) income before income taxes | (17 | ) |  | 149 |  |  | (34 | ) |  | (2,333 | )
Income tax benefit (expense) | 9 |  |  | (242 | ) |  | 13 |  |  | 678 |
Gain on sale of business | 3,200 |  |  | — |  |  | 3,200 |  |  | 99,060 |
Income tax (expense) benefit on net gain | (781 | ) |  | 6,399 |  |  | (781 | ) |  | (35,624 | )
Net income from discontinued operations | $ | 2,411 |  |  | $ | 6,306 |  |  | $ | 2,398 |  |  | $ | 61,781 |

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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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