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v3.20.2

Significant Accounting Policies (Tables) | 12 Months Ended
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May 31, 2020
Accounting Policies [Abstract] |
Schedule of Inventory | Inventory is comprised of the following amounts at May 31:
(In thousands) | 2020 |  | 2019
Raw materials | $ | 18,661 |  |  | $ | 17,812 |
Work in process | 29,497 |  |  | 28,820 |
Finished goods | 360,740 |  |  | 287,957 |
| $ | 408,898 |  |  | $ | 334,589 |
Property and Equipment Estimated Useful Lives | Depreciation is calculated using the straight-line method primarily over the following estimated useful lives of the assets based on industry and Cintas specific experience, in years:
Buildings | 30 to 40
Building improvements | 5 to 20
Equipment | 3 to 10
Leasehold improvements | 2 to 15
Cintas' property and equipment is summarized as follows at May 31:
(In thousands) | 2020 |  | 2019
Land | $ | 188,720 |  |  | $ | 189,828 |
Buildings and improvements | 682,768 |  |  | 684,699 |
Equipment | 2,347,636 |  |  | 2,207,481 |
Leasehold improvements | 40,188 |  |  | 43,227 |
Construction in progress | 54,548 |  |  | 67,129 |
| 3,313,860 |  |  | 3,192,364 |
Accumulated depreciation | (1,910,795) |  |  | (1,761,679) |
Property and equipment, net | $ | 1,403,065 |  |  | $ | 1,430,685 |
Current Accrued Liabilities | Current accrued liabilities consist of the following at May 31:
(In thousands) | 2020 |  | 2019
Insurance reserve | $ | 165,427 |  |  | $ | 165,667 |
Employee benefit related liabilities | 134,846 |  |  | 123,794 |
Accrued interest | 24,538 |  |  | 24,687 |
Other | 131,842 |  |  | 119,792 |
| $ | 456,653 |  |  | $ | 433,940 |

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