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Significant Accounting Policies (Tables) | 12 Months Ended
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May 31, 2024
Accounting Policies [Abstract] |
Schedule of Inventory | Inventories, net are comprised of the following amounts at May 31:
(In thousands) | 2024 |  | 2023
Raw materials | $ | 16,664 |  |  | $ | 27,878 |
Work in process | 48,458 |  |  | 56,384 |
Finished goods | 345,079 |  |  | 422,342 |
| $ | 410,201 |  |  | $ | 506,604 |
Schedule of 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:
| Years
Buildings | 30 to 40
Building improvements | 5 to 20
Equipment | 3 to 15
Leasehold improvements | 2 to 15
Cintas' property and equipment is summarized as follows at May 31:
(In thousands) | 2024 |  | 2023
Land | $ | 194,661 |  |  | $ | 190,707 |
Buildings and improvements | 744,617 |  |  | 714,376 |
Equipment | 2,963,860 |  |  | 2,699,728 |
Leasehold improvements | 46,490 |  |  | 44,897 |
Construction in progress | 166,616 |  |  | 109,037 |
| 4,116,244 |  |  | 3,758,745 |
Accumulated depreciation | (2,582,076) |  |  | (2,362,269) |
Property and equipment, net | $ | 1,534,168 |  |  | $ | 1,396,476 |
Schedule of Current Accrued Liabilities | Current accrued liabilities consist of the following at May 31:
(In thousands) | 2024 |  | 2023
Insurance reserve | 176,758 |  |  | $ | 155,046 |
Employee benefit related liabilities | 188,367 |  |  | 167,095 |
Dividends | 137,609 |  |  | 117,565 |
Estimated legal reserves | 45,000 |  |  | 27,000 |
Accrued interest | 15,050 |  |  | 15,151 |
Other | 198,499 |  |  | 150,647 |
| $ | 761,283 |  |  | $ | 632,504 |

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