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v3.22.2.2

Leases (Tables) | 3 Months Ended
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Aug. 31, 2022
Leases [Abstract] |
Operating Lease Cost and Additional Lease Information | The following table provides supplemental information related to the Company's consolidated condensed statements of cash flows for the three months ended August 31:
(In thousands) | 2022 |  | 2021
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 12,608 |  |  | $ | 11,913 |
Operating lease right-of-use assets obtained in exchange for new and renewed operating lease liabilities | $ | 15,836 |  |  | $ | 2,792 |
Other information related to the operating lease right-of-use assets, net and operating lease liabilities was as follows:
| August 31, 2022 |  | May 31, 2022
Weighted-average remaining lease term - operating leases | 5.38 years |  | 5.40 years
Weighted-average discount rate - operating leases | 2.37% |  | 2.20%
Contractual Future Minimum Lease Payments of Operating Lease Liabilities | The contractual future minimum lease payments of Cintas' operating lease liabilities by fiscal year are as follows as of August 31, 2022:
(In thousands) |  |
2023 (remaining nine months) |  | $ | 35,860 |
2024 |  | 40,851 |
2025 |  | 32,515 |
2026 |  | 25,800 |
2027 |  | 18,342 |
Thereafter |  | 36,036 |
Total payments |  | 189,404 |
Less interest |  | (11,855) |
Total present value of lease payments |  | $ | 177,549 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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