SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

( X )QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF ~~THESECURITIES~~THE

SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~February 28,~~August 31, 2007

( )TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________________ to _____________________

Commission file number 0-11399

(Exact name of ~~registrant~~Registrant as specified in its charter)

WASHINGTON		31-1188630
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

6800 CINTAS BOULEVARD

~~6800 CINTAS BOULEVARD~~P.O. BOX 625737

CINCINNATI, OHIO 45262-5737

~~P.O. BOX 625737~~

~~CINCINNATI, OHIO 45262-5737~~

(Address of principal executive offices)

(Zip Code)

~~(513) 459-1200~~

(513) 459-1200

(Registrant's telephone number, including area code)

Indicate by ~~check mark~~checkmark whether the ~~registrant~~Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ü No ___

Large Accelerated Filer ü Accelerated Filer ___ Non-Accelerated Filer ___ü

~~Accelerated Filer ___~~

~~Non-Accelerated Filer ___~~

Indicate by checkmark whether the ~~registrant~~Registrant is a shell company (as defined in Rule ~~12 b-2~~12b-2 of the Exchange Act). Yes ___ No ü _

Class		Outstanding ~~March 31,~~September 30, 2007
Common Stock, no par value		~~158,652,776~~158,865,253

CINTAS CORPORATION

INDEX

			Page No.
Part I.	Financial Information

	Item 1.	Financial Statements.

		Consolidated Condensed Statements of Income - Three Months ~~and Nine Months~~ Ended ~~February 28,~~August 31, 2007 and 2006	3

		Consolidated Condensed Balance Sheets - ~~February 28,~~ August 31, 2007 and May 31, ~~2006~~2007	4

		Consolidated Condensed Statements of Cash Flows - ~~Nine~~ Three Months Ended ~~February 28,~~August 31, 2007 and 2006	5

		Notes to Consolidated Condensed Financial Statements	6

	Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations.	2521

	Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	3328

	Item 4.	Controls and Procedures.	3328

Part II.	Other Information		3530

	Item 1.	Legal Proceedings.	3530

	Item 1A.	Risk Factors.	3631

	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	36

	~~Item 5.~~	~~Other Information.~~	3731

	Item 6.	Exhibits.	3731

Signatures			3732

Certifications			3833

CINTAS CORPORATION

ITEM 1. FINANCIAL STATEMENTS.

CONSOLIDATED CONDENSED STATEMENTS OF INCOME

(Unaudited)

(In thousands except per share data)

	Three Months Ended						Nine Months Ended
	February 28,						February 28,						Three Months Ended August 31,
		2007			2006			2007			2006		2007			2006
					(Restated)*						(Restated)*
Revenue:
Rentals	$	665,647		$	631,322		$	2,037,796		$	1,890,920
Rental uniforms and ancillary products													$	710,354		$	687,658
Other services		239,751			205,099			705,029			604,761			258,774			226,503
		905,398			836,421			2,742,825			2,495,681			969,128			914,161

Costs and expenses (income):
Cost of rentals		371,185			350,655			1,129,500			1,039,738
Cost of rental uniforms and ancillary products														391,490			378,300
Cost of other services		148,386			132,796			445,944			397,024			160,266			145,380
Selling and administrative expenses		253,128			224,420			745,884			670,014			276,710			244,128
Interest income		(1,339	)		(1,925	)		(4,488	)		(4,959	)		(1,462	)		(1,526	)
Interest expense		11,584			7,239			36,499			22,059			12,837			12,432
		782,944			713,185			2,353,339			2,123,876			839,841			778,714

Income before income taxes		122,454			123,236			389,486			371,805			129,287			135,447

Income taxes		45,727			46,642			145,270			139,950			48,224			50,485

Net income	$	76,727		$	76,594		$	244,216		$	231,855		$	81,063		$	84,962

Basic earnings per share	$	.48		$	.46		$	1.52		$	1.38		$	0.51		$	0.53

Diluted earnings per share	$	.48		$	.45		$	1.52		$	1.37		$	0.51		$	0.53

Dividends declared per share							$	0.39		$	0.35

* Restated to reflect the adoption of FAS 123(R) using the modified-retrospective method.

See accompanying notes.

CINTAS CORPORATION

CONSOLIDATED CONDENSED BALANCE SHEETS

~~(In~~ (In thousands except share data)

	August 31, 2007			May 31, 2007
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	40,841		$	35,360
Marketable securities		97,431			120,053
Accounts receivable, net		409,441			408,870
Inventories, net		236,102			231,741
Uniforms and other rental items in service		352,279			344,931
Deferred tax assets		19,912			----
Prepaid expenses		17,896			15,781

Total current assets		1,173,902			1,156,736

Property and equipment, at cost, net		933,233			920,243

Goodwill		1,270,780			1,245,877
Service contracts, net		166,223			171,361
Other assets, net		76,692			76,263

	$	3,620,830		$	3,570,480

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	70,093		$	64,622
Accrued compensation and related liabilities		34,517			62,826
Accrued liabilities		124,174			200,686
Income taxes:
Current		27,966			18,584
Deferred		----			52,179
Long-term debt due within one year		4,161			4,141

Total current liabilities		260,911			403,038

Long-term liabilities:
Long-term debt due after one year		876,522			877,074
Deferred income taxes		122,884			122,630
Accrued liabilities		116,552			----

Total long-term liabilities		1,115,958			999,704

Shareholders' equity:
Preferred stock, no par value: 100,000 shares authorized, none outstanding		----			----
Common stock, no par value: 425,000,000 shares authorized, FY 2008: 173,057,674 issued and 158,860,351 outstanding FY 2007: 172,874,195 issued and 158,676,872 outstanding		128,041			120,811
Paid-in capital		55,542			56,909
Retained earnings		2,600,792			2,533,459
Treasury stock: FY 2008: 14,197,323 shares FY 2007: 14,197,323 shares		(580,562	)		(580,562	)
Other accumulated comprehensive income		40,148			37,121
Total shareholders' equity		2,243,961			2,167,738
	$	3,620,830		$	3,570,480

February 28, 2007 May 31, 2006
(Unaudited) (Restated)*
ASSETS

Current assets:
Cash and cash equivalents
$ 31,558 $ 38,914
Marketable securities
125,935 202,539
Accounts receivable, net
393,155 389,905
Inventories, net
227,083 198,000
Uniforms and other rental items in service
339,082 337,487
Prepaid expenses
14,926 11,163

Total current assets
1,131,739 1,178,008

Property and equipment, at cost, net 900,772 863,783

Goodwill 1,226,176 1,136,175
Service contracts, net 172,842 179,965
Other assets, net 75,960 67,306

$ 3,507,489 $ 3,425,237

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
Accounts payable
$ 69,540 $ 71,635
Accrued compensation and related liabilities
57,014 50,134
Accrued liabilities
234,840 188,927
Income taxes:

Current
51,057 43,694
Deferred
39,506 51,669
Long-term debt due within one year
229,139 4,288

Total current liabilities
681,096 410,347

Long-term debt due after one year 654,376 794,454

Deferred income taxes 115,858 130,244

Shareholders' equity:
Preferred stock, no par value:

100,000 shares authorized, none outstanding
---- ----
Common stock, no par value:

425,000,000 shares authorized,

FY 2007: 172,838,020 issued and 158,640,697 outstanding

FY 2006: 172,571,083 issued and 163,181,738 outstanding
130,389 120,860
Paid in capital
44,939 47,644
Retained earnings
2,443,139 2,260,917
Treasury stock:

FY 2007: 14,197,323 shares

FY 2006: 9,389,345 shares
(580,562 ) (381,613 )
Other accumulated comprehensive income
18,254 42,384
Total shareholders' equity
2,056,159 2,090,192
$ 3,507,489 $ 3,425,237

* Restated to reflect the adoption of FAS 123(R) using the modified-retrospective method.

See accompanying notes.

CINTAS CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

(In thousands)

Nine Months Ended
February 28,
Cash flows from operating activities:
2007 2006
(Restated)*
Net income
$ 244,216 $ 231,855
Adjustments to reconcile net income to net cash provided

by operating activities:

Depreciation
100,036 94,014
Amortization of deferred charges
30,015 24,130
Stock-based compensation
2,746 4,507
Deferred income taxes
(19,062 ) 7,399
Change in current assets and liabilities, net of

acquisitions of businesses:

Accounts receivable
911 (14,187 )
Inventories
(28,176 ) 11,984
Uniforms and other rental items in service
(1,595 ) (11,240 )
Prepaid expenses
(3,676 ) (790 )
Accounts payable
(2,070 ) (9,210 )
Accrued compensation and related liabilities
6,880 511
Accrued liabilities
(15,511 ) (32,293 )
Tax benefit on exercise of stock options
(37 ) (706 )
Income taxes payable
7,400 4,947
Net cash provided by operating activities 322,077 310,921

Cash flows from investing activities:

Capital expenditures
(128,636 ) (102,080 )
Proceeds from sale or redemption of marketable securities
102,871 74,820
Purchase of marketable securities
(24,901 ) (11,346 )
Acquisitions of businesses, net of cash acquired
(135,011 ) (327,983 )
Other
(16,303 ) (13,830 )
Net cash used in investing activities (201,980 ) (380,419 )

Cash flows from financing activities:

Proceeds from issuance of debt
252,460 173,000
Repayment of debt
(167,687 ) (7,068 )
Stock options exercised
9,529 11,404
Tax benefit on exercise of stock options
37 706
Purchase of common stock
(198,949 ) (114,170 )
Other
(22,843 ) 10,473
Net cash (used in) provided by financing activities (127,453 ) 74,345

Net (decrease) increase in cash and cash equivalents (7,356 ) 4,847

Cash and cash equivalents at beginning of period 38,914 43,196

Cash and cash equivalents at end of period $ 31,558 $ 48,043

	Three Months Ended August 31,
	2007			2006
Cash flows from operating activities:

Net income	$	81,063		$	84,962
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		35,636			33,078
Amortization of deferred charges		10,586			9,690
Stock-based compensation		2,132			(598	)
Deferred income taxes		17,418			10,772
Change in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net		644			(1,202	)
Inventories, net		(4,293	)		(12,381	)
Uniforms and other rental items in service		(7,128	)		(2,311	)
Prepaid expenses		(2,117	)		634
Accounts payable		5,435			(11,770	)
Accrued compensation and related liabilities		(28,386	)		(2,777	)
Accrued liabilities and other		(77,865	)		(58,777	)
Income taxes payable		24,001			6,524
Net cash provided by operating activities		57,126			55,844

Cash flows from investing activities:

Capital expenditures		(45,344	)		(36,496	)
Proceeds from sale or redemption of marketable securities		29,156			66,214
Purchase of marketable securities and investments		(6,237	)		(3,527	)
Acquisitions of businesses, net of cash acquired		(32,630	)		(25,101	)
Other		177			(1,954	)
Net cash used in investing activities		(54,878	)		(864	)

Cash flows from financing activities:

Proceeds from issuance of debt		224,750			252,460
Repayment of debt		(225,282	)		(194,283	)
Stock options exercised		7,230			3,403
Repurchase of common stock		----			(114,418	)
Other		(3,465	)		(6,091	)
Net cash provided by (used in) financing activities		3,233			(58,929	)

Net increase (decrease) in cash and cash equivalents		5,481			(3,949	)

Cash and cash equivalents at beginning of period		35,360			38,914

Cash and cash equivalents at end of period	$	40,841		$	34,965

* Restated to reflect the adoption of FAS 123(R) using the modified-retrospective method.

See accompanying notes.

CINTAS CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(Unaudited)

(Amounts in thousands except per share data)

1.	Basis of Presentation

The consolidated condensed financial statements of Cintas Corporation (Cintas) included herein have been prepared by Cintas, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to such rules and regulations. While we believe that the disclosures are adequately presented, it is suggested that these consolidated condensed financial statements be read in conjunction with the consolidated financial statements and notes included in our most recent Form 10-K for the fiscal year ended May 31, ~~2006.~~2007. A summary of our significant accounting policies is presented on page 36 of that report. There has been no material changes in the accounting policies followed by Cintas during the fiscal year, with the exception of the new accounting standard discussed in Note 2 below.

Interim results are subject to variations and are not necessarily indicative of the results of operations for a full fiscal year. In the opinion of management, adjustments (which include only normal recurring adjustments) necessary for a fair statement of the consolidated results of the interim periods shown have been made.

Certain prior year amounts have been reclassified to conform to current year presentation.

2.	New Accounting ~~Standard~~Standards

~~At February 28,~~As of June 1, 2007, Cintas ~~had~~ adopted Financial Accounting Standards Board (FASB) Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes – an ~~equity compensation plan,~~interpretation of FASB Statement No. 109 (FAS 109), which clarifies the accounting for uncertainty in income taxes recognized in the financial statements in accordance with FAS 109, Accounting for Income Taxes. FIN 48 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As a result of the implementation of FIN 48, Cintas recorded a decrease to retained earnings as of June 1, 2007, of $13,731. Cintas’ adoption of FIN 48 is more fully described in Note 6. ~~Prior to June 1, 2006, Cintas accounted for this plan under the intrinsic value method proscribed by APB Opinion No. 25,~~

~~Accounting for Stock Issued to Employees~~~~, and related Interpretations, as permitted by~~ FASB Statement No. ~~123,~~ 157, ~~Accounting for Stock-Based Compensation~~Fair Value Measurements~~. Effective June 1, 2006, Cintas adopted the~~ (FAS 157), defines fair value, ~~recognition provisions~~establishes a framework for measuring fair value under GAAP, and expands disclosures about fair value measurements. FAS 157 is effective for fiscal years beginning after November 15, 2007. Cintas is currently assessing the impact of FAS 157 on its consolidated financial statements.

FASB Statement No. ~~123(R)~~159, Fair Value Option for Financial Assets and Financial Liabilities (FAS 159), ~~Share-Based Payment~~~~, using~~allows for voluntary measurement of many financial assets and financial liabilities at fair value. FAS 159 is effective for fiscal years beginning after November 7, 2007. Cintas is currently assessing the ~~modified-retrospective transition method. Under that transition method, all prior periods have been restated based~~impact of FAS 159 on the amounts previously calculated in the pro forma footnote disclosures required by Statement 123. Statement 123(R) requires all share-based payments to employees, including stock options, to be recognized as an expense in the statement of income based on their fair values. Due to this restatement, Cintas’ income before income taxes and net income decreased by $1,151 for the three months ended February 28, 2006, and $3,396 for the nine months ended February 28, 2006. This adoption lowered basic earnings per share for the third quarter of fiscal 2006 from $0.47 per share to $0.46 per share for the quarter. Likewise, diluted earnings per share for the third quarter of fiscal 2006 were lowered from $0.46 per share to $0.45 for the quarter. This adoption also lowered basic earnings per share year-to-date from $1.40 per share to $1.38 per share. In addition, diluted earnings per share year-to-date were lowered from $1.39 per share to $1.37 per share. The cumulative effect of the change on total shareholders’ equity as of May 31, 2006, was less than $1,000.its consolidated financial statements.

As a result of adopting Statement 123(R) on June 1, 2006, Cintas’ income before income taxes and net income for the nine months ended February 28, 2007, are $2,746 and $1,739 lower, respectively, than if it had continued to account for share-based compensation under Opinion 25. Basic earnings per share are $.02 lower and diluted earnings per share are $.01 lower for the nine months ended February 28, 2007, than if Cintas had continued to account for share-based compensation under Opinion 25.

CINTAS CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(Unaudited)

(In thousands except per share data)

3.	Earnings per Share

The following table represents a reconciliation of the shares used to calculate basic and diluted earnings per share for the respective periods:

Three Months Ended Nine Months Ended
February 28, February 28,
2007 2006 2007 2006
(Restated)* (Restated)*
Numerator:
Net income $ 76,727 $ 76,594 $ 244,216 $ 231,855

Denominator:
Denominator for basic earnings per
  share-weighted average shares
159,311 168,038 160,144 168,321

Effect of dilutive securities-
  employee stock options
388 561 406 594

Denominator for diluted earnings per
  share-adjusted weighted average

  shares and assuming conversions
159,699 168,599 160,550 168,915

Basic earnings per share $ .48 $ .46 $ 1.52 $ 1.38

Diluted earnings per share $ .48 $ .45 $ 1.52 $ 1.37

* Restated to reflect the adoption of FAS 123(R) using the modified-retrospective method.


	Three Months Ended August 31,
	2007		2006
Numerator:
Net income	$	81,063	$	84,962

Denominator:
Denominator for basic earnings per share-weighted average shares (000’s)		158,771		160,770

Effect of dilutive securities - employee stock options (000’s)		267		377

Denominator for diluted earnings per share - adjusted weighted average shares and assuming conversions (000’s)		159,038		161,147

Basic earnings per share	$	0.51	$	0.53

Diluted earnings per share	$	0.51	$	0.53

4.	Goodwill, Service Contracts and Other Assets

Changes in the carrying amount of goodwill and service contracts for the ~~nine~~three months ended ~~February 28,~~August 31, 2007, by operating segment, are as follows:

				Other
		Rentals			Services			Total		Rental Uniforms & Ancillary Products		Uniform Direct Sales		First Aid, Safety & Fire Protection		Document Management		Total
Goodwill
Balance as of June 1, 2006	$	855,135		$	281,040		$	1,136,175
Balance as of June 1, 2007										$	863,319	$	23,883	$	162,021	$	196,654	$	1,245,877

Goodwill acquired		(2,181	)		93,436			91,255			---		---		2		24,627		24,629

Foreign currency translation		(952	)		(302	)		(1,254	)		213		18		---		43		274

Balance as of February 28, 2007	$	852,002		$	374,174		$	1,226,176
Balance as of August 31, 2007										$	863,532	$	23,901	$	162,023	$	221,324	$	1,270,780

CINTAS CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(Unaudited)

(In thousands except per share data)

				Other
	Rentals			Services			Total			Rental Uniforms & Ancillary Products			Uniform Direct Sales			First Aid, Safety & Fire Protection			Document Management			Total
Service Contracts
Balance as of June 1, 2006	$	132,391		$	47,574		$	179,965
Balance as of June 1, 2007										$	104,285		$	699		$	45,352		$	21,025		$	171,361

Service contracts acquired		304			16,225			16,529			---			---			---			2,928			2,928

Service contracts amortization		(14,903	)		(7,316	)		(22,219	)		(5,445	)		(99	)		(1,515	)		(1,318	)		(8,377	)

Foreign currency translation		(1,364	)		(69	)		(1,433	)		298			5			---			8			311

Balance as of February 28, 2007	$	116,428		$	56,414		$	172,842
Balance as of August 31, 2007										$	99,138		$	605		$	43,837		$	22,643		$	166,223

Information regarding Cintas' service contracts and other assets are as follows:

	As of February 28, 2007						As of August 31, 2007
		Carrying Amount		Accumulated Authortization		Net	Carrying Amount		Accumulated Amortization		Net

Service contracts	$	309,419	$	136,577	$	172,842	$	320,883	$	154,660	$	166,223
Noncompete and consulting agreements	$	56,081	$	21,370	$	34,711

Non compete and consulting agreements							$	60,307	$	26,596	$	33,711
Investments		34,846		----		34,846		36,266		----		36,266
Other		10,428		4,025		6,403		8,912		2,197		6,715

Total	$	101,355	$	25,395	$	75,960	$	105,485	$	28,793	$	76,692

	As of May 31, 2006						As of May 31, 2007
		Carrying Amount		Accumulated Amortization		Net	Carrying Amount		Accumulated Amortization		Net

Service contracts	$	295,929	$	115,964	$	179,965	$	317,644	$	146,283	$	171,361

Noncompete and consulting agreements	$	45,801	$	15,484	$	30,317	$	58,218	$	24,123	$	34,095
Investments		33,754		----		33,754		35,264		----		35,264
Other		6,758		3,523		3,235		8,967		2,063		6,904

Total	$	86,313	$	19,007	$	67,306	$	102,449	$	26,186	$	76,263

Amortization expense was ~~$30,015~~$10,586 and ~~$24,130~~$9,690 for the ~~nine~~three months ended ~~February 28,~~August 31, 2007 and ~~February 28,~~August 31, 2006, respectively. Estimated amortization expense, excluding any future acquisitions, for each of the next five years is ~~$40,661, $40,099, $37,468, $34,437~~$41,355, $38,683, $35,619, $31,873 and ~~$30,766,~~$25,810, respectively.

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(In thousands except per share data)

5.	Debt, Derivatives and Hedging Activities

As of June 1, 2007, there was $27,580 in total unrecognized tax benefits, which if recognized, would favorably impact Cintas’ effective tax rate. Cintas recognizes interest accrued related to unrecognized tax benefits and penalties in income tax expense in the consolidated

CINTAS CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(Unaudited)

(In thousands except per share data)

6.	~~Stock-Based Compensation~~

statements of income, which is consistent with the recognition of these items in prior reporting periods. The total amount accrued for interest and penalties as of June 1, 2007, was $15,173. Cintas records the tax liability under FIN 48 in both current and long-term accrued liabilities on the consolidated balance sheets. The total gross unrecognized tax benefits as of June 1, 2007, were $129,576.

~~Under the 2005 equity compensation plan, which was approved by shareholders and adopted by~~ Cintas ~~in fiscal 2006, Cintas may grant officers and key employees equity compensation~~has a significant portion of its operations in the ~~form~~United States and Canada. Cintas is required to file federal income tax returns as well as state income tax returns in a majority of ~~stock options, stock appreciation rights, restricted~~the domestic states and unrestricted stock, performance awards and other stock unit awards up to an aggregate of 14,000,000 shares of Cintas' common stock. The compensation cost charged against income was $1,497 and $1,462 for the three month periods ended February 28, 2007 and February 28, 2006, respectively. The compensation cost charged against income was $2,746 and $4,507 for the nine month periods ended February 28, 2007 and February 28, 2006, respectively. The amount recordedalso in the ~~nine month period ended February 28, 2007, reflects~~Canadian provinces of Quebec, Alberta, British Columbia and Ontario. At times, Cintas is subject to audits in these jurisdictions. The audits, by nature, are sometimes complex and can require several years to resolve. The final resolution of any such tax audit could result in either a ~~cumulative catch-up adjustment of $2,169 ($2,088 after tax), due to a change~~reduction in the estimated forfeitures for certain existing stock option and restricted stock grants. Basic and diluted earnings per share for the nine months ended February 28, 2007, are both $.01 higher, respectively, due to this changeCintas’ accruals or an increase in ~~estimated forfeitures. The total~~its income tax benefit recognized in the income statement for share-based compensation arrangements was $310 and $117 for the three month periods ended February 28, 2007 and 2006, respectively, and was $1,007 and $418 for the nine month periods ended February 28, 2007 and 2006, respectively.

~~Stock Options~~

~~Stock options are granted at the fair market value~~provision, both of ~~the underlying common stock~~which could have an impact on the ~~date~~consolidated results of grant. The option terms are determined by the Cintas Compensation Committee, but no stock option may be exercised later than ten years after the date of the grant. The option awards generally have ten year terms with graded vestingoperations in ~~years five through ten based on continuous service during that period. Cintas recognizes compensation expense for these options using the straight-line recognition method over the vesting~~any given period.

All U.S. federal income tax returns are closed to audit through fiscal 2003. Cintas is currently in advanced stages of audits in certain foreign jurisdictions and certain domestic states. The ~~fair value of these options was estimated at~~years under audit cover fiscal years back to 1999. Based on the ~~date of grant using a Black-Scholes option-pricing model with the following assumptions:~~

Three and Nine Months Ended
February 28,
2007

2006

Risk-free interest rate
4.00% 4.00%
Dividend yield
.70% .50%
Expected volatility of Cintas' common stock
35% 35%
Expected life of the option in years
7.5 9

~~The risk-free interest rate is based on U.S. government issues with a remaining term equal to the expected life~~resolution of the ~~stock options. The determination~~various audits, it is reasonably possible that the balance of expected volatility is based on historical volatility of Cintas stock over the period commensurate with the expected term of stock options, as well as other relevant factors. The weighted average expected term was determined based on the historical employee exercise behavior of the options. The weighted-average grant date fair value of stock options granted during the three months ended February 28, 2007, was $17.39 and was $20.95unrecognized tax benefits could change by $2,830 for the ~~three months~~fiscal year ended February 28, 2006. The weighted-average grant date fair value of stock options granted during the nine months ended February 28, 2007, was $16.02 and was $20.95 for the nine months ended February 28, 2006.

~~The information presented in the following table relates primarily to stock options granted and outstanding under either the plan adopted in fiscal 2006 or under previously adopted plans:~~

~~CINTAS CORPORATION~~

~~NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS~~

~~(Unaudited)~~

~~(In thousands except per share data)~~

Weighted Average
Shares Exercise Price
Outstanding May 31, 2006 (2,718,180 shares exercisable) 6,535,404 $ 40.08
Granted
1,061,005 37.60
Forfeitures/Cancellations
(157,435 ) 42.52
Exercised
(144,607 ) 18.95
Outstanding August 31, 2006 (2,707,855 shares exercisable) 7,294,367 $ 40.09
Granted
111,500 41.31
Forfeitures/Cancellations
(198,545 ) 42.02
Exercised
(79,038 ) 24.38
Outstanding November 30, 2006 (2,561,212 shares exercisable) 7,128,284 $ 40.23
Granted
43,350 41.02
Forfeitures/Cancellations
(256,675 ) 40.04
Exercised
(125,049 ) 24.49
Outstanding February 28, 2007 (2,394,238 shares exercisable) 6,789,910 $ 40.53

~~The intrinsic value of stock options exercised in the three and nine months ended February 28, 2007, was $2,086 and $6,154, respectively.~~

~~The following table summarizes the information related to stock options outstanding at February 28, 2007:~~

Outstanding Options Exercisable Options
Average Weighted Weighted
Remaining Average Average
Range of Number Option Exercise Number Exercise
Exercise Prices Outstanding Life Price Exercisable Price
$ 18.04 - $ 39.19 1,651,096 6.48 $ 33.72 469,989 $ 26.63
39.29 -   41.98 1,965,764 5.72 40.67 919,399 41.77
42.06 -    44.33 1,652,000 6.58 42.35 432,650 42.76
44.43 -    53.19 1,521,050 6.95 45.67 572,200 47.69
$ 18.04 - $ 53.19 6,789,910 6.39 $ 40.53 2,394,238 $ 40.39

~~At February 28, 2007, the aggregate intrinsic value of stock options outstanding and exercisable was $11,848 and $6,451, respectively.~~

~~Restricted Stock~~

Restricted stock consists of Cintas’ common stock which is subject to such conditions, restrictions and limitations as the Cintas Compensation Committee determines to be appropriate. The vesting period is generally three years after the grant date.

~~The information presented in the following table relates to restricted stock granted and outstanding under the plan adopted in fiscal 2006:~~

~~CINTAS CORPORATION~~

~~NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS~~

~~(Unaudited)~~

~~(In thousands except per share data)~~

Weighted Average
Shares Price

Outstanding, unvested grants at May 31, 2006
128,075 $ 36.08
Granted
230,365 38.06
Cancelled
- -
Vested
- -
Outstanding, unvested grants at August 31, 2006
358,440 $ 37.36
Granted
15,866 38.97
Cancelled
(2,460 ) 36.08
Vested
- -
Outstanding, unvested grants at November 30, 2006
371,846 $ 37.43
Granted
4,780 37.38
Cancelled
(1,878 ) 36.08
Vested
- -
Outstanding, unvested grants at February 28, 2007
374,748 $ 37.44

The remaining unrecognized compensation cost related to unvested stock options and restricted stock at February 28, 2007, was approximately $41,639, and the weighted-average period of time over which this cost will be recognized is 3.7 years.

Cintas reserves shares of common stock to satisfy share option exercises and/or future restricted stock grants. At February, 2007, 13,205,262 shares of common stock are reserved for future issuance under the 2005 plan.

During fiscal 2005, the Compensation Committee of the Board of Directors approved a resolution to accelerate the vesting for certain “out-of-the-money” options. The “out-of-the-money” options that were accelerated were provided to employees during fiscal 2000, 2001, 2002 and 2003. The Compensation Committee approved this acceleration in order to provide these employees the increased benefit of exercising these options when they become “in-the-money” and to avoid recognizing future compensation expense related to outstanding options under Statement 123(R). After amendment of all underlying option agreements, compensation expense to be recognized in the statement of income during the first year of adoption of Statement 123(R) was reduced by approximately $3,500.May 31, 2008.

7.	Comprehensive Income

Total comprehensive income represents the net change in shareholders' equity during a period from sources other than transactions with shareholders and, as such, includes net earnings. For Cintas, the only components of total comprehensive income are the change in cumulative foreign currency translation adjustments, the change in the fair value of derivatives and the change in the fair value of available-for-sale securities. The components of comprehensive income for the three ~~and nine~~ month periods ended ~~February 28,~~August 31, 2007 and ~~February 28,~~August 31, 2006 are as follows:

	Three Months Ended August 31,
	2007		2006

Net income	$	81,063	$	84,962

Other comprehensive income:
Foreign currency translation adjustment		2,813		(531	)
Change in fair value of derivatives, net of $0 and $6,169 of tax, respectively		69		(10,430	)
Change in fair value of available-for-sale securities, net of $84 and $211 of tax, respectively		145		348
Comprehensive income	$	84,090	$	74,349

CINTAS CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(Unaudited)

(In thousands except per share data)

Three Months Ended Nine Months Ended

February 28, February 28,
2007

2006

2007

2006
(Restated)*�� (Restated)*

Net income $ 76,727 $ 76,594 $ 244,216 $ 231,855

Other comprehensive income:
  Foreign currency translation adjustment
(4,575 ) 4,299 (11,669 ) 15,086
  Change in fair value of derivatives**
3,358 (3,974 ) (13,330 ) (3,828 )
  Change in fair value of available-for-sale
   securities, net of $130 and $505 of tax,
   respectively
229 ---- 869 ----
Comprehensive income $ 75,739 $ 76,919 $ 220,086 $ 243,113

* Restated to reflect the adoption of FAS 123(R) using the modified-retrospective method.

** Net of ($1,911) of tax for the three months ended February 28, 2007, and net of $7,994 of tax for the nine months ended February 28, 2007.

8.	Litigation and Other Contingencies

Cintas is subject to legal proceedings and claims arising from the ordinary course of its business, including personal injury, customer contract, environmental and employment claims. In the opinion of management, the aggregate liability, if any, with respect to such ordinary course of business actions, will not have a material adverse effect on the ~~consolidated~~ financial position or results of operations of Cintas. Cintas is party to additional litigation not considered in the ordinary course of business, including the litigation discussed below.

Cintas is a defendant in a purported class action lawsuit, Paul Veliz, et al. v. Cintas Corporation, filed on March 19, 2003, in the United States District Court, Northern District of California, Oakland Division, alleging that Cintas violated certain federal and state wage and hour laws applicable to its service sales representatives, whom Cintas considers exempt employees, and asserting additional related ERISA claims. On August 23, 2005, an amended complaint was filed alleging additional state law wage and hour claims under the following state laws: Arkansas, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, New Mexico, Ohio, Oregon, Pennsylvania, Rhode Island, Washington, West Virginia and Wisconsin. The plaintiffs are seeking unspecified monetary damages, injunctive relief or both. Cintas denies these claims and is defending the plaintiffs’ allegations. On February 14, 2006, the court ordered a majority of the opt-in plaintiffs to arbitrate their claims in accordance with the terms of their Cintas employment agreement. On February 14, 2006, the court also permitted plaintiffs to file a second amended complaint alleging state law claims in the 15 states listed above only with respect to the putative class members that may litigate their claims in court. No determination has been made by the court or an arbitrator regarding class certification. There can be no assurance as to whether a class will be certified or, if a class is certified, as to the geographic or other scope of such class. If a court or arbitrator certifies a class in this action and there is an adverse verdict on the merits, or in the event of a negotiated settlement of the action, the resulting liability and/or any increased costs of operations on an ongoing basis could be material to Cintas. Any estimated liability relating to this lawsuit is not determinable at this time.

Cintas also is a defendant in a purported class action lawsuit, Mirna E. Serrano, et al. v. Cintas Corporation (Serrano), filed on May 10, 2004, and pending in the United States District Court, Eastern District of Michigan, Southern ~~Division (“~~Division. Serrano~~”).~~ ~~Serrano~~ alleges that Cintas discriminated against women in

~~CINTAS CORPORATION~~

~~NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS~~

~~(Unaudited)~~

~~(In thousands except per share data)~~

hiring into various ~~SSR~~service sales representative positions across all divisions of Cintas throughout the United States. On November 15, 2005, the Equal Employment Opportunity Commission ~~(“EEOC”)~~(EEOC) intervened in the Serrano lawsuit. The Serrano plaintiffs seek injunctive relief, compensatory damages, punitive damages, attorneys’ fees and other remedies. Cintas is a defendant in another purported class action lawsuit, Nelly Blanca Avalos, et al. v. Cintas Corporation (Avalos), currently pending in the United States District Court, Eastern District of Michigan, Southern ~~Division (“~~Division. Avalos~~”).~~ ~~Avalos~~ alleges that Cintas discriminated against women, African-Americans and Hispanics in hiring into various ~~SSR~~service sales representative positions in Cintas’ Rental division only throughout the United States. On April 27, 2005, the EEOC intervened in the claims asserted in Avalos. The Avalos plaintiffs seek injunctive relief, compensatory damages, punitive damages, attorneys’ fees and other remedies. The claims in Avalos originally were brought in the previously disclosed lawsuit captioned Robert Ramirez, et al. v. Cintas Corporation (Ramirez), filed on January 20, 2004, in the United States District Court, Northern District of California, San Francisco ~~Division (“~~~~Ramirez~~~~”).~~Division. On May 11, 2006, however, those claims were severed from Ramirez and transferred to the Eastern District of Michigan, Southern Division, where the case was re-named Avalos. On July 10, 2006, Avalos and Serrano were consolidated for all pretrial purposes, including proceedings on class certification. The consolidated case is known as Mirna E. Serrano/Blanca Nelly Avalos, et al. v. Cintas Corporation (Serrano/Avalos), and remains pending in the United States District Court, Eastern District of Michigan, Southern ~~Division (“~~~~Serrano/Avalos~~~~”).~~Division. No filings or determinations have been made in Serrano/Avalos as to class certification. There can be no assurance as to whether a class will be certified or, if a class is certified, as to the geographic or other scope of such class. The ~~non-SSR~~non-service sales representative hiring claims in the previously disclosed Ramirez case that have not been dismissed remain pending in the Northern District of California, San Francisco Division, but were

CINTAS CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(Unaudited)

(In thousands except per share data)

ordered to arbitration and stayed pending the completion of arbitration. The Ramirez purported class action claims currently in arbitration include allegations that Cintas failed to promote Hispanics into supervisory positions, discriminated against African-Americans and Hispanics in ~~SSR~~service sales representative route assignments and discriminated against African-Americans in hourly pay in Cintas’ Rental division only throughout the United States. The Ramirez plaintiffs seek injunctive relief, compensatory damages, punitive damages, attorneys’ fees and other remedies. No filings or determinations have been made in Ramirez as to class certification. There can be no assurance as to whether a class will be certified or, if a class is certified, as to the geographic or other scope of such class. On February 20, 2007, the plaintiffs Colleen Grindle et al. filed a separate lawsuit in the Court of Common Pleas, Wood County, Ohio, captioned Colleen Grindle, et al. v. Cintas Corporation (Grindle), on behalf of a class of female employees at Cintas’ Perrysburg, Ohio location who allegedly were denied hire, promotion or transfer to service sales representative positions on the basis of their gender. The Grindle plaintiffs seek injunctive relief, compensatory damages, punitive damages, attorneys’ fees and other remedies. No filings or determinations have been made in Grindle as to class certification. There can be no assurance as to whether a class will be certified or, if a class is certified, as to the geographic or other scope of such class. In addition, a class action lawsuit, Larry Houston, et al. v. Cintas Corporation (Houston), was filed on August 3, 2005, in the United States District Court for the Northern District of California on behalf of African-American managers alleging racial ~~discrimination (“~~~~Houston~~~~”).~~discrimination. On November 22, 2005, the court entered an order requiring the named plaintiffs in the Houston lawsuit to arbitrate all of their claims for monetary damages. If there is an adverse verdict or a negotiated settlement of all or any of these actions, the resulting liability and/or any increased costs of operations on an ongoing basis could be material to Cintas. Any estimated liability relating to these proceedings is not determinable at this time.

~~Several other~~Other similar administrative proceedings are pending including two charges filed on November 30, 2004, by an EEOC Commissioner with the EEOC Systemic Litigation Unit alleging: (i) failure to hire and assign females to production job positions; and (ii) failure to hire females, African-Americans and Hispanics into the Management Trainee program. The investigations of these allegations are pending and no determinations have been made. On August 29, 2006, the EEOC Indianapolis District Office issued a dismissal and notice of rights and closed its file on the Clifton Cooper charge served on Cintas on March 23, 2005, by Mr. Cooper on behalf of himself and a similarly situated class with the EEOC Systemic Litigation Unit alleging discriminatory pay and treatment due to race. Mr. Cooper’s claims are now part of the Houstonarbitration matter disclosed hereinabove.

Cintas is also a defendant in a lawsuit, J. Lester Alexander, III ~~vs.~~v. Cintas Corporation, et al., which was originally filed on October 25, 2004, and is currently pending in the Circuit Court of Randolph County, Alabama. The case was brought by J. Lester Alexander, III, the Chapter 7 Trustee (the ~~“Trustee”)~~Trustee) of Terry Manufacturing Company, Inc. ~~("TMC")~~(TMC) and Terry Uniform Company, LLC ~~("TUC")~~(TUC), against Cintas in Randolph County, Alabama. The Trustee seeks damages against Cintas for allegedly breaching fiduciary duties to TMC and TUC and for allegedly aiding and abetting breaches of fiduciary duties by others to

~~CINTAS CORPORATION~~

~~NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS~~

~~(Unaudited)~~

~~(In thousands except per share data)~~

those entities. The complaint also includes allegations that Cintas breached certain limited liability company agreements, or alternatively, misrepresented its intention to perform its obligations in those agreements and acted as alter egos of the bankrupt TMC and is therefore liable for all of TMC's debts. The Trustee is seeking $50,000 in compensatory damages and $100,000 in punitive damages. Cintas denies these claims and is vigorously defending itself against all claims in the complaint. Cintas filed counterclaims against J. Lester Alexander, III and cross claims against Roy Terry, Rudolph Terry and Cotina Terry (collectively referred to herein as the Individual Co-Defendants). The Individual Co-Defendants have filed cross claims against Cintas alleging fraudulent inducement, breach of fiduciary duty, negligence and wantonness. If there is an adverse verdict on the merits or in the event of a negotiated settlement of this lawsuit, the resulting liability could be material to Cintas. Any estimated liability relating to this lawsuit is not determinable at this time.

The litigation discussed above, if decided adversely to or settled by Cintas, may, individually or in the aggregate, result in liability material to Cintas’ financial condition or consolidated results of operations. Cintas may enter into discussions regarding settlement of these and other lawsuits, and may enter into settlement agreements if it believes such settlement is in the best ~~interests~~interest of Cintas’ shareholders.

CINTAS CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(Unaudited)

(In thousands except per share data)

9.	Segment Information

Cintas ~~classifies~~historically classified its businesses into two operating segments, Rentals and Other ~~Services, based on the similar economic characteristics of the products and services within each segment.~~Services. The Rentals operating segment reflects the rental and servicing of uniforms and other garments, mats, mops and shop towels. In addition to these rental items, restroom and hygiene products and services are also provided within this segment. Effective June 1, 2007, this operating segment has been renamed to be Rental Uniforms and Ancillary Products.

The Other Services operating segment ~~consists~~historically consisted of the direct sale of uniforms and related items, first aid, safety and fire protection products and services, document management services and branded promotional products. ~~Both~~Effective June 1, 2007, the Other Services operating segment was separated into three reportable operating segments ~~provide~~– Uniform Direct Sales, First Aid, Safety and Fire Protection Services and Document Management Services. This change provides more visibility to these operating segments as they continue to grow and have a larger impact on Cintas’ consolidated results. The Uniform Direct Sales operating segment consists of the direct sale of uniforms and related items and branded promotional products. The First Aid, Safety and Fire Protection Services operating segment consists of first aid, safety and fire protection products and ~~services throughout the United States~~services. The Document Management Services operating segment consists of document destruction and ~~Canada to businesses of all types - from small service and manufacturing companies to major corporations that employ thousands of people.~~document retention services.

~~Information as to the operations of Cintas’ different business segments is set forth below based on the distribution of products and services offered.~~ Cintas evaluates ~~performances~~the performance of each operating segment based on several factors of which the primary financial measures are ~~business~~operating segment revenue and income before income taxes. The accounting policies of the operating segments are the same as those described in Note 1. Information as to the operations of Cintas’ operating segments is set forth below. The information for the three months ended August 31, 2006, has been restated to reflect the changes in the reportable operating segments described above.

	Rental Uniforms & Ancillary Products		Uniform Direct Sales		First Aid, Safety & Fire Protection		Document Management		Corporate			Total
As of and for the three months ended August 31, 2007

Revenue	$	710,354	$	118,805	$	102,256	$	37,713	$	----		$	969,128
Income (loss) before
income taxes	$	114,793	$	11,127	$	10,621	$	4,121	$	(11,375	)	$	129,287
Total assets	$	2,592,401	$	182,278	$	332,757	$	375,122	$	138,272		$	3,620,830

As of and for the three months ended August 31, 2006

Revenue	$	687,658	$	116,997	$	88,336	$	21,170	$	----		$	914,161
Income (loss) before
income taxes	$	124,080	$	11,903	$	9,179	$	1,191	$	(10,906	)	$	135,447
Total assets	$	2,519,943	$	163,572	$	287,521	$	238,291	$	174,894		$	3,384,221

CINTAS CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(Unaudited)

(In thousands except per share data)

Rentals
Other
Services
Corporate Total
For the three months
  ended February 28, 2007

Revenue $ 665,647 $ 239,751 $ ---- $ 905,398
Income (loss) before income taxes $ 105,179 $ 27,520 $ (10,245 ) $ 122,454

For the three months
  ended February 28, 2006

  (Restated)*

Revenue $ 631,322 $ 205,099 $ ---- $ 836,421
Income (loss) before income taxes $ 108,654 $ 19,896 $ (5,314 ) $ 123,236

As of and for the nine months
  ended February 28, 2007

Revenue $ 2,037,796 $ 705,029 $ ---- $ 2,742,825
Income (loss) before income taxes $ 347,056 $ 74,441 $ (32,011 ) $ 389,486
Total assets $ 2,525,832 $ 824,164 $ 157,493 $ 3,507,489

As of and for the nine months
  ended February 28, 2006

  (Restated)*

Revenue $ 1,890,920 $ 604,761 $ ---- $ 2,495,681
Income (loss) before income taxes $ 336,443 $ 52,462 $ (17,100 ) $ 371,805
Total assets $ 2,491,807 $ 619,756 $ 250,801 $ 3,362,364

* Restated to reflect the adoption of FAS 123(R) using the modified-retrospective method.

10.	Supplemental Guarantor Information

Cintas Corporation No. 2 (Corp. 2) is the indirectly, wholly-owned principal operating subsidiary of Cintas. Corp. 2 is the issuer of the ~~$700,000~~$475,000 of long-term notes, which are unconditionally guaranteed, jointly and severally, by Cintas Corporation and its wholly-owned, direct and indirect domestic subsidiaries.

As allowed by SEC rules, the following condensed consolidating financial statements are provided as an alternative to filing separate financial statements of the guarantors. Each of the subsidiaries presented in the condensed consolidating financial statements has been fully consolidated in Cintas' consolidated financial statements. The condensed consolidating financial statements should be read in conjunction with the consolidated financial statements of Cintas and notes thereto of which this note is an integral part.

Effective June 1, 2007, Cintas reorganized its legal structure to provide better alignment with the organizational structure of Cintas. The impact of this change is that certain subsidiary guarantor locations and their balances have moved into Corp. 2 and certain Corp. 2 locations are now subsidiary guarantors. The effect of this change is shown in the column entitled “Effect of Legal Restructure” on the May 31, 2007 consolidated balance sheet as shown below.

Condensed consolidating financial statements for Cintas, Corp. 2, the subsidiary guarantors and non-guarantors are presented ~~below:~~on the following pages:

CONDENSED CONSOLIDATING INCOME STATEMENT

THREE MONTHS ENDED ~~FEBRUARY 28, 2007~~

Cintas
Corporation
Corp. 2
Subsidiary
Guarantors
Non-Guarantors Eliminations
Cintas
Corporation
Consolidated

Revenue:
  Rentals
$ ---- $ 489,272 $ 135,225 $ 41,335 $ (185 ) $ 665,647
  Other services
---- 326,636 131,720 12,932 (231,537 ) 239,751
  Equity in net income of affiliates
76,727 ---- ---- ---- (76,727 ) ----
76,727 815,908 266,945 54,267 (308,449 ) 905,398

Costs and expenses (income):
  Cost of rentals
---- 310,904 75,122 24,863 (39,704 ) 371,185
  Cost of other services
---- 243,769 85,554 7,866 (188,803 ) 148,386
  Selling and administrative expenses
---- 230,570 12,460 12,151 (2,053 ) 253,128
  Interest income
---- (526 ) (3 ) (810 ) ---- (1,339 )
  Interest expense
---- 11,915 (1,614 ) 1,283 ---- 11,584
---- 796,632 171,519 45,353 (230,560 ) 782,944

Income before income taxes 76,727 19,276 95,426 8,914 (77,889 ) 122,454
Income taxes ---- 7,134 35,473 3,120 ---- 45,727
Net income $ 76,727 $ 12,142 $ 59,953 $ 5,794 $ (77,889 ) $ 76,727

~~CONDENSED CONSOLIDATING INCOME STATEMENT~~

~~THREE MONTHS ENDED FEBRUARY 28, 2006~~

(RESTATED)*

Cintas
Corporation
Corp. 2
Subsidiary
Guarantors
Non-Guarantors Eliminations
Cintas
Corporation
Consolidated

Revenue:
  Rentals
$ ---- $ 462,276 $ 129,045 $ 40,139 $ (138 ) $ 631,322
  Other services
---- 271,594 108,688 12,976 (188,159 ) 205,099
  Equity in net income of affiliates
76,594 ---- ---- ---- (76,594 ) ----
76,594 733,870 237,733 53,115 (264,891 ) 836,421

Costs and expenses (income):
  Cost of rentals
---- 291,750 76,548 24,038 (41,681 ) 350,655
  Cost of other services
---- 200,937 73,736 8,712 (150,589 ) 132,796
  Selling and administrative expenses
---- 209,097 2,711 11,998 614 224,420
  Interest income
---- (1,398 ) (60 ) (467 ) ---- (1,925 )
  Interest expense
---- 7,155 (1,007 ) 1,091 ---- 7,239
---- 707,541 151,928 45,372 (191,656 ) 713,185

Income before income taxes 76,594 26,329 85,805 7,743 (73,235 ) 123,236
Income taxes ---- 10,256 33,415 2,971 ---- 46,642
Net income $ 76,594 $ 16,073 $ 52,390 $ 4,772 $ (73,235 ) $ 76,594

* Restated to reflect the adoption of FAS 123(R) using the modified-retrospective method.

~~CONDENSED CONSOLIDATING INCOME STATEMENT~~

~~NINE MONTHS ENDED FEBRUARY 28,~~AUGUST 31, 2007

		Cintas Corporation		Corp. 2			Subsidiary Guarantors		Non-Guarantors					Eliminations		Cintas Corporation Consolidated						Cintas Corporation				Corp. 2				Subsidiary Guarantors				Non- Guarantors				Eliminations				Cintas Corporation Consolidated
Revenue:
Rentals	$	----	$	1,497,418		$	413,096			$	127,771		$	(489	)		$	2,037,796
Rental uniforms and ancillary products																						$	----			$	517,963			$	145,280			$	47,351			$	(240	)		$	710,354
Other services		----		989,396			392,224				41,978			(718,569	)			705,029			----				346,887				137,805				13,141				(239,059	)			258,774
Equity in net income of affiliates		244,216		----			----				----			(244,216	)			----			81,063				----				----				----				(81,063	)			----
		244,216		2,486,814			805,320				169,749			(963,274	)			2,742,825			81,063				864,850				283,085				60,492				(320,362	)			969,128

Costs and expenses (income):
Cost of rentals		----		943,530			236,004				75,556			(125,590	)			1,129,500
Cost of rental uniforms and ancillary products																							----				321,273				86,957				27,857				(44,597	)			391,490
Cost of other services		----		753,131			255,545				25,583			(588,315	)			445,944			----				228,740				117,776				8,417				(194,667	)			160,266
Selling and administrative expenses		----		683,734			32,139				35,630			(5,619	)			745,884			----				217,225				48,978				11,927				(1,420	)			276,710
Interest income		----		(2,220	)		(8	)			(2,260	)		----				(4,488	)		----				----				(333	)			(1,129	)			----				(1,462	)
Interest expense		----		36,893			(4,448	)			4,054			----				36,499			----				12,869				(1,518	)			1,486				----				12,837
		----		2,415,068			519,232				138,563			(719,524	)			2,353,339			----				780,107				251,860				48,558				(240,684	)			839,841

Income before income taxes		244,216		71,746			286,088				31,186			(243,750	)			389,486			81,063				84,743				31,225				11,934				(79,678	)			129,287
Income taxes		----		26,993			107,634				10,643			----				145,270			----				32,128				11,838				4,258				----				48,224
Net income	$	244,216	$	44,753		$	178,454			$	20,543		$	(243,750	)		$	244,216		$	81,063			$	52,615			$	19,387			$	7,676			$	(79,678	)		$	81,063

CONDENSED CONSOLIDATING INCOME STATEMENT

~~NINE~~THREE MONTHS ENDED ~~FEBRUARY 28,~~AUGUST 31, 2006

Subsidiary

Guarantors

Cintas

Corporation

Consolidated

Rental uniforms and ancillary products

Equity in net income of affiliates

Cost of rental uniforms and ancillary products

Cost of other services

Selling and administrative expenses

Cintas
Corporation
Corp. 2
Subsidiary
Guarantors
Non-Guarantors Eliminations
Cintas
Corporation
Consolidated

Revenue:
  Rentals
$ ---- $ 1,387,723 $ 388,746 $ 114,842 $ (391 ) $ 1,890,920
  Other services
---- 859,090 310,624 40,064 (605,017 ) 604,761
  Equity in net income of affiliates
231,855 ---- ---- ---- (231,855 ) ----
231,855 2,246,813 699,370 154,906 (837,263 ) 2,495,681

Costs and expenses (income):
  Cost of rentals
---- 870,459 228,966 67,876 (127,563 ) 1,039,738
  Cost of other services
---- 643,181 212,625 26,165 (484,947 ) 397,024
  Selling and administrative expenses
---- 633,979 1,713 34,184 138 670,014
  Interest income
---- (3,631 ) (257 ) (1,071 ) ---- (4,959 )
  Interest expense
---- 21,872 (3,000 ) 3,187 ---- 22,059
---- 2,165,860 440,047 130,341 (612,372 ) 2,123,876

Income before income taxes 231,855 80,953 259,323 24,565 (224,891 ) 371,805
Income taxes ---- 31,158 99,810 8,982 ---- 139,950
Net income $ 231,855 $ 49,795 $ 159,513 $ 15,583 $ (224,891 ) $ 231,855
CONDENSED CONSOLIDATING BALANCE SHEET

AS OF AUGUST 31, 2007

Subsidiary

Guarantors

Cintas

Corporation

Consolidated

Cash and cash equivalents

Marketable securities

Accounts receivable, net

Uniforms and other rental items in service

Liabilities and Shareholders' Equity

Accrued compensation and related liabilities

Current income taxes

Long-term debt due within one year

Long-term debt due after one year

Deferred income taxes

CONDENSED CONSOLIDATING BALANCE SHEET

Effect of

Legal

Restructure*

Subsidiary

Guarantors

Cash and cash equivalents

Marketable securities

Accounts receivable, net

Uniforms and other rental

Property and equipment, at cost,

Liabilities and Shareholders' Equity

Accrued compensation and

Long-term debt due within

CONDENSED CONSOLIDATING ~~BALANCE SHEET~~STATEMENT OF CASH FLOWS

~~AS OF FEBRUARY 28,~~THREE MONTHS ENDED AUGUST 31, 2007

Cintas
Corporation
Corp. 2
Subsidiary
Guarantors

Non-
Guarantors
Eliminations
Cintas
Corporation
Consolidated

Assets

Current assets:
   Cash and cash equivalents
$           ---- $          853 $       7,374 $     23,331 $           ---- $       31,558
   Marketable securities
---- 57,246 ---- 68,689 ---- 125,935
   Accounts receivable, net
---- 260,400 131,289 20,492 (19,026 ) 393,155
   Inventories, net
---- 202,996 26,841 7,607 (10,361 ) 227,083
   Uniforms and other rental items in
    service
---- 270,161 81,359 19,193 (31,631 ) 339,082
  Prepaid expenses
---- 9,820 4,292 814 ---- 14,926
Total current assets ---- 801,476 251,155 140,126 (61,018 ) 1,131,739

Property and equipment, at cost, net ---- 609,764 241,050 49,958 ---- 900,772

Goodwill ---- 336,584 869,502 20,090 ---- 1,226,176
Service contracts, net ---- 103,781 64,406 4,655 ---- 172,842
Other assets, net 1,634,652 71,825 1,313,649 170,309 (3,114,475 ) 75,960
$ 1,634,652 $ 1,923,430 $ 2,739,762 $ 385,138 $ (3,175,493 ) $ 3,507,489

Liabilities and Shareholders' Equity

Current liabilities:
  Accounts payable
$ (465,247 ) $ (405,697 ) $ 909,673 $ 682 $ 30,129 $ 69,540
  Accrued compensation and related
    liabilities
---- 35,378 19,224 2,412 ---- 57,014
  Accrued liabilities
61,994 190,775 (22,770 ) 4,886 (45 ) 234,840
  Income taxes:

      Current
---- 11,008 39,295 754 ---- 51,057
      Deferred
---- ---- 38,335 1,171 ---- 39,506
  Long-term debt due within
   one year
---- 228,228 1,098 ---- (187 ) 229,139
Total current liabilities (403,253 ) 59,692 984,855 9,905 29,897 681,096

Long-term debt due after one year ---- 659,937 (56,055 ) 84,529 (34,035 ) 654,376
Deferred income taxes ---- 10,263 101,082 4,513 ---- 115,858
Total shareholders’ equity 2,037,905 1,193,538 1,709,880 286,191 (3,171,355 ) 2,056,159
$ 1,634,652 $ 1,923,430 $ 2,739,762 $ 385,138 $ (3,175,493 ) $ 3,507,489

	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated
Cash flows from operating activities:
Net income	$	81,063		$	52,615		$	19,387		$	7,676		$	(79,678	)	$	81,063
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation		----			22,488			11,270			1,878			----			35,636
Amortization of deferred charges		----			9,784			338			464			----			10,586
Stock-based compensation		2,132			----			----			----			----			2,132
Deferred income taxes		----			----			17,418			----			----			17,418
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable		----			(3,286	)		2,489			1,493			(52	)		644
Inventories		----			(6,704	)		3,252			(68	)		(773	)		(4,293	)
Uniforms and other rental items in service		----			(4,742	)		(1,998	)		224			(612	)		(7,128	)
Prepaid expenses		----			(182	)		(2,288	)		353			----			(2,117	)
Accounts payable		----			(86,870	)		86,759			6,572			(1,026	)		5,435
Accrued compensation and related liabilities		----			(16,067	)		(10,745	)		(1,574	)		----			(28,386	)
Accrued liabilities and other		----			(28,949	)		(48,822	)		(984	)		890			(77,865	)
Income taxes payable		----			5,595			18,790			(384	)		----			24,001

Net cash provided by (used in) operating activities		83,195			(56,318	)		95,850			15,650			(81,251	)		57,126

Cash flows from investing activities:
Capital expenditures		----			(29,680	)		(13,658	)		(2,006	)		----			(45,344	)
Proceeds from sale or redemption of marketable securities		----			----			29,156			----			----			29,156
Purchase of marketable securities and investments		----			(440	)		(3,969	)		(4,650	)		2,822			(6,237	)
Acquisitions of businesses, net of cash acquired		----			(22,949	)		----			(9,681	)		----			(32,630	)
Other		(86,926	)		108,611			(100,070	)		----			78,562			177

Net cash (used in) provided by investing activities		(86,926	)		55,542			(88,541	)		(16,337	)		81,384			(54,878	)

Cash flows from financing activities:
Proceeds from issuance of debt		----			224,750			----			----			----			224,750
Repayment of debt		----			(225,314	)		165			----			(133	)		(225,282	)
Stock options exercised		7,230			----			----			----			----			7,230
Other		(3,499	)		69			----			(35	)		----			(3,465	)

Net cash provided by (used in) financing activities		3,731			(495	)		165			(35	)		(133	)		3,233

Net (decrease) increase in cash and cash equivalents		----			(1,271	)		7,474			(722	)		----			5,481
Cash and cash equivalents at beginning of period		----			33,949			(24,834	)		26,245			----			35,360
Cash and cash equivalents at end of period	$	----		$	32,678		$	(17,360	)	$	25,523		$	----		$	40,841

CONDENSED CONSOLIDATING ~~BALANCE SHEET~~STATEMENT OF CASH FLOWS

~~AS OF MAY~~THREE MONTHS ENDED AUGUST 31, 2006

Subsidiary

Guarantors

Cintas

Corporation

Consolidated

Cash flows from operating activities:

Adjustments to reconcile net income to net

cash provided by (used in) operating

Amortization of deferred charges

Stock-based compensation

Deferred income taxes

Changes in current assets and liabilities,

net of acquisitions of businesses:

Uniforms and other rental items in

Accrued compensation and related

Income taxes payable

Cash flows from investing activities:

Capital expenditures

Proceeds from sale or redemption of marketable

Purchase of marketable securities and

Acquisitions of businesses, net of cash

Cash flows from financing activities:

Proceeds from issuance of debt

Stock options exercised

Repurchase of common stock

Net (decrease) increase in cash and cash

Cintas Corporation Corp. 2
Subsidiary
Guarantors
Non-Guarantors Eliminations
Cintas
Corporation
Consolidated
Assets

Current assets:
Cash and cash equivalents
$ ---- $ 9,461 $ 8,674 $ 20,779 $ ---- $ 38,914
Marketable securities
---- 154,711 ---- 47,828 ---- 202,539
Accounts receivable, net
---- 256,602 124,143 21,378 (12,218 ) 389,905
Inventories, net
---- 172,279 27,582 8,256 (10,117 ) 198,000
Uniforms and other rental items in service
---- 272,197 77,636 19,996 (32,342 ) 337,487
Prepaid expenses
---- 8,169 2,539 455 ---- 11,163
Total current assets ---- 873,419 240,574 118,692 (54,677 ) 1,178,008

Property and equipment, at cost, net ---- 604,813 208,684 50,286 ---- 863,783

Goodwill ---- 292,969 822,165 21,041 ---- 1,136,175
Service contracts, net ---- 112,016 61,324 6,625 ---- 179,965
Other assets, net 1,582,561 70,113 1,165,524 186,430 (2,937,322 ) 67,306
$ 1,582,561 $ 1,953,330 $ 2,498,271 $ 383,074 $ (2,991,999 ) $ 3,425,237

Liabilities and Shareholders' Equity

Current liabilities:
Accounts payable
$ (465,247 ) $ (205,605 ) $ 716,714 $ (12,240 ) $ 38,013 $ 71,635
Accrued compensation and related liabilities
---- 34,796 12,651 2,687 ---- 50,134
Accrued liabilities
---- 190,728 (7,518 ) 6,666 (949 ) 188,927
Income taxes:

Current
---- 4,081 37,355 2,258 ---- 43,694
Deferred
---- ---- 50,421 1,248 ---- 51,669
Long-term debt due within one year
---- 3,549 911 ---- (172 ) 4,288
Total current liabilities (465,247 ) 27,549 810,534 619 36,892 410,347

Long-term debt due after one year ---- 801,649 (61,312 ) 89,770 (35,653 ) 794,454
Deferred income taxes ---- 10,263 115,187 4,794 ---- 130,244
Total shareholders’ equity 2,047,808 1,113,869 1,633,862 287,891 (2,993,238 ) 2,090,192
$ 1,582,561 $ 1,953,330 $ 2,498,271 $ 383,074 $ (2,991,999 ) $ 3,425,237

* Restated to reflect the adoption of FAS 123(R) using the modified-retrospective method.

~~CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS~~

~~NINE MONTHS ENDED FEBRUARY 28, 2007~~

Cintas
Corporation
Corp. 2
Subsidiary
Guarantors

Non-
Guarantors
Eliminations
Cintas
Corporation
Consolidated

Cash flows from operating activities:

Net income
$ 244,216 $ 44,753 $ 178,454 $ 20,543 $ (243,750 ) $ 244,216
Adjustments to reconcile net income to net

cash provided by (used in) operating
    activities:

Depreciation
---- 61,491 33,621 4,924 ---- 100,036
Amortization of deferred charges
---- 17,250 10,913 1,852 ---- 30,015
Stock-based compensation
2,746 ---- ---- ---- ---- 2,746
Deferred income taxes
---- ---- (18,707 ) (355 ) ---- (19,062 )
Changes in current assets and
      liabilities, net of acquisitions of
          businesses:

Accounts receivable
---- (1,689 ) (4,825 ) 617 6,808 911
Inventories
---- (30,706 ) 1,637 649 244 (28,176 )
Uniforms and other rental items
           in service
---- 2,036 (3,723 ) 803 (711 ) (1,595 )
Prepaid expenses
---- (1,571 ) (1,746 ) (359 ) ---- (3,676 )
Accounts payable
---- (192,584 ) 185,476 12,922 (7,884 ) (2,070 )
Accrued compensation and
           related liabilities
---- 582 6,573 (275 ) ---- 6,880
Accrued liabilities
---- 224 (14,859 ) (1,780 ) 904 (15,511 )
Tax benefit on exercise of stock
         options
(37 ) ---- ---- ---- ---- (37 )
Income taxes payable
---- 6,927 1,977 (1,504 ) ---- 7,400

Net cash provided by (used in) operating
activities
246,925 (93,287 ) 374,791 38,037 (244,389 ) 322,077

Cash flows from investing activities:

Capital expenditures
---- (62,138 ) (61,576 ) (4,922 ) ---- (128,636 )
Proceeds from sale or redemption of
  marketable securities
---- 99,475 ---- 3,396 ---- 102,871
Purchase of marketable securities
---- (629 ) ---- (24,272 ) ---- (24,901 )
Acquisitions of businesses, net of cash
  acquired
---- (63,240 ) (71,736 ) (35 ) ---- (135,011 )
Other
(52,054 ) 33,939 (248,223 ) 7,249 242,786 (16,303 )

Net cash (used in) provided by investing activities (52,054 ) 7,407 (381,535 ) (18,584 ) 242,786 (201,980 )

Cash flows from financing activities:

Proceeds from issuance of debt
---- 250,000 2,460 ---- ---- 252,460
Repayment of debt
---- (167,033 ) 2,984 (5,241 ) 1,603 (167,687 )
Stock options exercised
9,529 ---- ---- ---- ---- 9,529
Tax benefit on exercise of stock options
37 ---- ---- ---- ---- 37
Purchase of common stock
(198,949 ) ---- ---- ---- ---- (198,949 )
Other
(5,488 ) (5,695 ) ---- (11,660 ) ---- (22,843 )

Net cash (used in) provided by financing
  activities
(194,871 ) 77,272 5,444 (16,901 ) 1,603 (127,453 )

Net (decrease) increase in cash and cash
  equivalents
---- (8,608 ) (1,300 ) 2,552 ---- (7,356 )
Cash and cash equivalents at beginning of period ---- 9,461 8,674 20,779 ---- 38,914
Cash and cash equivalents at end of period $ ---- $ 853 $ 7,374 $ 23,331 $ ---- $ 31,558

~~CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS~~

~~NINE MONTHS ENDED FEBRUARY 28, 2006~~

Cintas
Corporation
Corp. 2
Subsidiary
Guarantors

Non-
Guarantors
Eliminations
Cintas
Corporation
Consolidated

Cash flows from operating activities:

Net income
$    231,855 $   49,795 $   159,513 $    15,583 $ (224,891 ) $     231,855
Adjustments to reconcile net income
  to net cash provided by (used in)
  operating activities:

Depreciation
---- 57,851 31,449 4,714 ---- 94,014
Amortization of deferred charges
---- 13,499 8,524 2,107 ---- 24,130
Stock-based compensation
4,507 ---- ---- ---- ---- 4,507
Deferred income taxes
---- ---- 6,804 595 ---- 7,399
Changes in current assets and
liabilities, net of acquisitions and
businesses:

Accounts receivable
---- 7,307 (10,486 ) (9,932 ) (1,076 ) (14,187 )
Inventories
---- 16,692 (5 ) 239 (4,942 ) 11,984
Uniforms and other rental
items in service
---- (6,354 ) (672 ) (2,163 ) (2,051 ) (11,240 )
Prepaid expenses
---- (639 ) (154 ) 3 ---- (790 )
Accounts payable
---- (75,529 ) 68,200 (1,881 ) ---- (9,210 )
Accrued compensation and
related liabilities
---- (415 ) 803 123 ---- 511
Accrued liabilities
---- (15,207 ) (18,103 ) 100 917 (32,293 )
Tax benefit on exercise of
stock options
(706 ) ---- ---- ---- ---- (706 )
Income taxes payable
---- 10,564 (5,446 ) (200 ) 29 4,947

Net cash provided by (used in) operating
activities
235,656 57,564 240,427 9,288 (232,014 ) 310,921

Cash flows from investing activities:

Capital expenditures
---- (43,263 ) (49,794 ) (9,023 ) ---- (102,080 )
Proceeds from sale or redemption of
marketable securities
---- 65,075 ---- 9,745 ---- 74,820
Purchase of marketable securities
---- (310 ) ---- (11,036 ) ---- (11,346 )
Acquisitions of businesses, net of cash
     acquired
---- (228,965 ) (94,449 ) (4,569 ) ---- (327,983 )
Other
(128,765 ) (16,820 ) (94,054 ) (8,290 ) 234,099 (13,830 )

Net cash (used in) provided by investing
activities
(128,765 ) (224,283 ) (238,297 ) (23,173 ) 234,099 (380,419 )

Cash flows from financing activities:

Proceeds from issuance of debt
---- 173,000 ---- ---- ---- 173,000
Repayment of debt
---- (6,578 ) (6,625 ) 8,220 (2,085 ) (7,068 )
Stock options exercised
11,404 ---- ---- ---- ---- 11,404
Tax benefit on exercise of stock options
706 ---- ---- ---- ---- 706
Purchase of common stock
(114,170 ) ---- ---- ---- ---- (114,170 )
Other
(4,831 ) 218 ---- 15,086 ---- 10,473

Net cash (used in) provided by financing
activities
(106,891 ) 166,640 (6,625 ) 23,306 (2,085 ) 74,345

Net (decrease) increase in cash and cash
equivalents
---- (79 ) (4,495 ) 9,421 ---- 4,847
Cash and cash equivalents at beginning of
period
---- 13,259 12,570 17,367 ---- 43,196
Cash and cash equivalents at end of period $ ---- $ 13,180 $ 8,075 $ 26,788 $ ---- $ 48,043

* Restated to reflect the adoption of FAS 123(R) using the modified-retrospective method.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

BUSINESS STRATEGY

RESULTS OF OPERATIONS

New Accounting Pronouncement

~~At February 28,~~As of June 1, 2007, Cintas ~~had~~ adopted Financial Accounting Standards Board (FASB) Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes – an ~~equity compensation plan,~~interpretation of FASB Statement No. 109 (FAS 109), which clarifies the accounting for uncertainty in income taxes recognized in the financial statements in accordance with FAS 109, Accounting for Income Taxes. FIN 48 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As a result of the implementation of FIN 48, Cintas recorded a decrease to opening retained earnings as of June 1, 2007, of $13.7 million. Cintas’ adoption of FIN 48 is more fully described in Note 6 entitled ~~Stock-Based Compensation~~Income Taxes of “Notes to Consolidated Condensed Financial Statements.” ~~Prior to June 1, 2006, Cintas accounted for this plan under the intrinsic value method proscribed by APB Opinion No. 25,~~

~~Accounting for Stock Issued to Employees~~~~, and related Interpretations, as permitted by~~ FASB Statement No. ~~123,~~ 157, ~~Accounting for Stock-Based Compensation~~Fair Value Measurements~~. Effective June 1, 2006, Cintas adopted the~~ (FAS 157), defines fair value, ~~recognition provisions~~establishes a framework for measuring fair value under generally accepted accounting principles, and expands disclosures about fair value measurements. FAS 157 is effective for fiscal years beginning after November 15, 2007. Cintas is currently assessing the impact of FAS 157 on its consolidated financial statements.

Three Months Ended ~~February~~August 2007 Compared to Three Months Ended ~~February~~August 2006

Revenue, Expenses and Income

Ancillary Products revenue.

Cintas’ effective tax rate is 37.3% for the three months ended ~~February 28,~~August 31, 2007, which is consistent with ~~the first half of fiscal 2007. This effective tax rate is lower than the effective tax rate of 37.8%~~August 31, 2006.

Cintas’ effective tax rate is 37.3% for the nine months ended February 28, 2007. This effective tax rate is lower than the effective tax rate of 37.6% for the nine months ended February 28, 2006, as a result of changes in state tax rates.

FinancialCondition

Net property and equipment increased by ~~$37~~$13.0 million from May 31, ~~2006~~2007 to ~~February 28,~~August 31, 2007, due to our continued investment in rental facilities and equipment. AtCintas opened one new rental facility in the ~~end of the third~~first quarter of fiscal ~~2007, Cintas~~2008 and had ~~three~~an additional six uniform rental facilities under construction.

(In thousands)	Payments Due by Period
Long-term contractual obligations	Total		One year or less		Two to three years		Four to five years		After five Years

Long-term debt (1)	$	879,044	$	3,534	$	1,355	$	394,007	$	480,148
Capital lease obligations (2)		1,639		627		532		240		240
Operating leases (3)		70,279		21,319		28,483		13,661		6,816
Interest payments (4)		587,776		51,240		104,360		58,521		373,655
Interest swap agreements (5)		----		----		----		----		----
Unconditional purchase obligations		----		----		----		----		----
Total contractual cash obligations	$	1,538,738	$	76,720	$	134,730	$	466,429	$	860,859

(In thousands) Payments Due by Period
Long-term contractual obligations Total
One year
or less

Two to
three
years

Four to
five years

After five
years

Long-term debt (1) $ 881,634 $ 228,526 $ 171,410 $ 1,240 $ 480,458
Capital lease obligations (2) 1,881 613 788 240 240
Operating leases (3) 53,606 16,085 21,536 10,185 5,800
Interest payments (4) 539,985 41,780 58,755 58,528 380,922
Interest swap agreements (5) ---- ---- ---- ---- ----
Unconditional purchase obligations ---- ---- ---- ---- ----
Total contractual cash obligations $ 1,477,106 $ 287,004 $ 252,489 $ 70,193 $ 867,420

Cintas also makes payments to defined contribution plans. The amounts of contributions made to the plans are made at the discretion of Cintas. Future contributions are assumed to increase ~~15%~~10% annually. Assuming this ~~15%~~10% increase, payments due in one year or less would be ~~$31,791,~~$31,986, two to three years would be ~~$78,602~~$73,887 and four to five years would be ~~$103,951.~~$89,404. Payments for years thereafter are assumed to continue increasing by ~~15%~~10% each year.

(1)	Long-term debt primarily consists of ~~$700,000~~$475,000 in long-term notes ~~including $225,000 of long-term debt due within one year.~~and $392,750 in commercial paper.

(2)	Capital lease obligations are classified as debt on the consolidated balance ~~sheet.~~sheets.

(3)	Operating leases consist primarily of building leases and a synthetic lease on a corporate jet.

(4)	Interest payments include interest on both fixed and variable rate debt. Rates have been assumed to ~~remain constant for the remainder of fiscal 2007,~~ increase 25 basis points in fiscal 2008, an additional 25 basis points in fiscal 2009 and then remain constant in future years.

(5)	Reference Note 5 entitled Debt, Derivatives and Hedging Activities of “Notes to Consolidated Condensed Financial Statements” for a detailed discussion of interest swap agreements.

Amount of Commitment Expiration Per Period

(1)	Back-up facility for the commercial paper program.

(2)	Support certain outstanding long-term debt and self-insured workers' compensation and general liability insurance programs.

Litigation and Other Contingencies

against women in hiring into various ~~SSR~~service sales representative positions across all divisions of Cintas throughout the United States. On November 15, 2005, the Equal Employment Opportunity Commission ~~(“EEOC”)~~(EEOC) intervened in the Serrano lawsuit. The Serrano plaintiffs seek injunctive relief, compensatory damages, punitive damages, attorneys’ fees and other remedies. Cintas is a defendant in another purported class action lawsuit, Nelly Blanca Avalos, et al. v. Cintas Corporation (Avalos), currently pending in the United States District Court, Eastern District of Michigan, Southern ~~Division (“~~Division. Avalos~~”).~~ ~~Avalos~~ alleges that Cintas discriminated against

We believe that the high level of customer service provided by our partners and supported by our infrastructure, quality products, financial resources and corporate culture will provide for continued business success. However, a number of factors influence future revenue, margins and profit which make forecasting difficult.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

CONTROLS AND PROCEDURES.

Internal Control over Financial Reporting

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for forward-looking statements. Forward-looking statements may be identified by words such as “estimates,” “anticipates,” “predicts,” “projects,” “plans,” “expects,” “intends,” “target,” “forecast,” “believes,” “seeks,” “could,” “should,” “may” and “will” or the negative versions thereof and similar expressions and by the context in which they are used. Such statements are based upon current expectations of Cintas and speak only as of the date made. We cannot guarantee that any forward-looking statement will be realized. These statements are subject to various risks, uncertainties and other factors that could cause actual results to differ from those set forth in or implied by this Quarterly Report. Factors that might cause such a difference include, but are not limited to, the possibility of greater than anticipated operating costs including energy costs, lower sales volumes, loss of customers due to outsourcing trends, the performance and costs of integration of acquisitions,, fluctuations in costs of materials and labor including increased medical costs, costs and possible effects of union organizing activities, failure to comply with government regulations concerning employment discrimination, employee pay and benefits and employee health and safety, uncertainties regarding any existing or newly-discovered expenses and liabilities related to environmental compliance and remediation, the cost, results and ongoing assessment of internal controls for financial reporting required by the Sarbanes-Oxley Act of 2002, the initiation or outcome of litigation, higher assumed sourcing or distribution costs of products, the disruption of operations from catastrophic events, changes in federal and state tax laws and the reactions of competitors in terms of price and service. Cintas undertakes no obligation to update any forward-looking statements whether as a result of new information or to reflect events or circumstances arising after the date on which they are made.

Also note that we provide a cautionary discussion of risks, uncertainties and possibly inaccurate assumptions relevant to our businesses in Part II, Item 1A, of this Quarterly Report and in our Annual Report on Form 10-K for the year ended May 31, ~~2006.~~2007. These are factors that, individually or in the aggregate, we think could cause our actual results to differ materially from expected and historical results. We note these factors for investors as permitted by the Private Securities Litigation Reform Act of 1995. You should understand that it is not possible to predict or identify all such factors. The risks and uncertainties described herein are not the only ones we may face. Additional risks and uncertainties presently not known to us or that we currently believe to be immaterial may also harm our business. Consequently, you should not consider the risk factors identified in Part II, Item 1A, in this Quarterly Report and in our Form 10-K for the year ended May 31, ~~2006,~~2007, to be a complete discussion of all potential risks or ~~uncertainties~~.uncertainties.

Part II. Other Information

Item 1. Legal Proceedings

Wage and Hour Litigation: Paul Veliz, et al. v. Cintas Corporation, United States District Court, Northern District of California, Oakland Division, March 19, 2003. On August 23, 2005, an amended complaint was filed alleging additional state law wage and hour claims under the following state laws: Arkansas, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, New Mexico, Ohio, Oregon, Pennsylvania, Rhode Island, Washington, West Virginia and Wisconsin. On February 14, 2006, the court permitted plaintiffs to file a second amended complaint alleging state law claims in the 15 states listed above only with respect to the putative class members that may litigate their claims in court.

Race and Gender Litigation and Related Charges: Robert Ramirez, et al. v. Cintas Corporation (Ramirez), United States District Court, Northern District of California, San Francisco Division, January 20, ~~2004;~~2004, alleging class action claims of race, national origin and gender discrimination in hiring, promotion and pay; On April 27, 2005, the ~~EEOC~~Equal Employment Opportunity Commission (EEOC) intervened in ~~some of the claims in~~ Ramirez; Mirna E. Serrano, et al. v. Cintas Corporation (Serrano), United States District Court for the Eastern District of Michigan, Southern Division, May 10, ~~2004;~~2004, alleging class action claims of gender discrimination in hiring into service sales representative positions; On November 15, 2005, the EEOC intervened in Serrano; On May 11, 2006, the Ramirez African-American, Hispanic and female failure to hire into service sales representative ~~position~~positions claims and the EEOC’s intervention were transferred to the ~~Eastern District of Michigan, Southern Division; The~~Serrano case, the remaining claims in Ramirez were dismissed or compelled to arbitration; ~~On July 10, 2006, the claims that were transferred from~~ ~~Ramirez~~ ~~to the Eastern District of Michigan, Southern Division were consolidated with the~~ ~~Serrano~~ ~~case for pretrial purposes and the case was renamed~~ ~~Mirna E. Serrano/Blanca Nelly Avalos,~~Colleen Grindle, et al. v. Cintas ~~Corporation;~~Corporation, Court of Common Pleas, Wood County, Ohio, February 20, 2007, alleging class action claims on behalf of female employees at Cintas’ Perrysburg, Ohio rental location who allegedly were denied hire, promotion or transfer into service sales representative positions; Larry Houston, et al. v. Cintas Corporation (Houston), United States District Court for the Northern District of California, August 3, 2005; On November 22, 2005, the named plaintiffs in Houston were ordered to ~~arbitration and~~arbitration; EEOC charges filed by an EEOC Commissioner on November 30, 2004, with the EEOC Systemic Litigation Unit. On August 29, 2006, the EEOC issued a dismissal and notice of rights and closed its file on the previously disclosed class action charge filed by Clifton Cooper on March 23, 2005, with the EEOC Systemic Litigation ~~Unit.~~Unit; Mr. Cooper’s claims are now part of the Houston arbitration matter; EEOC Commissioner’s charge filed on November 30, 2004, with the EEOC Systemic Litigation Unit alleging: (i) failure to hire and assign females to production job positions; and (ii) failure to hire females, African-Americans and Hispanics into the Management Trainee program.

Breach of Fiduciary Duties: J. Lester Alexander, III ~~vs.~~v. Cintas ~~Corporation,~~Corp., et al., Circuit Court, Randolph County, Alabama, ~~Circuit Court,~~ October 25, 2004.

Item 1A. Risk Factors

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds

(c) On May 2, 2005, Cintas announced that the Board of Directors authorized a $500 million stock buyback program at market prices. In July 2006, Cintas announced that the Board of Directors approved the expansion of its share buyback program by an additional $500 million. The Board did not specify an expiration date for this program.

Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of the publicly announced plan Maximum approximate dollar value of shares that may yet be purchased under the plan
December 2006 250,000 $40.10 13,046,485 $466,402,264

January 2007 850,838 $40.58 13,897,323 $431,875,381

February 2007 300,000 $41.46 14,197,323 $419,438,500

Total 1,400,838 $40.68 14,197,323 $419,438,500

For the three months ended February 28, 2007, Cintas purchased 1,400,838 shares of Cintas stock at an average price of $40.68 per share for a total purchase price of approximately $57 million. From the inception of the stock buyback program through February 28, 2007, Cintas has purchased a total of approximately 14.2 million shares of Cintas stock at an average price of $40.89 per share for a total purchase price of approximately $580 million. The maximum approximate dollar value of shares that may yet be purchased under the plan as of February 28, 2007, is $419,438,500.

During the ~~third~~first quarter of fiscal ~~2007,~~2008, Cintas also acquired ~~30,870~~47,935 shares as payment received from employees upon the exercise of options under the stock option plan.

~~Item 5. Other Information~~

On January 16, 2007, Cintas declared an annual cash dividend of $.39 per share on outstanding common stock, an 11.4 percent increase over the dividends paid in the prior year. The dividend was paid on March 13, 2007, to shareholders of record as of February 6, 2007.

~~31.1~~

~~Certification of Principal Executive Officer required by Rule~~

31.1 Certification of Principal Executive Officer required by Rule 13a-14(a)

31.2 Certification of Principal Financial Officer required by Rule 13a-14(a)

~~31.2~~

~~Certification of Principal Financial Officer required by Rule~~

32.1 Section 1350 Certification of Chief Executive Officer

~~13a-14(a)~~32.2 Section 1350 Certification of Chief Financial Officer

~~32.1~~

~~Section 1350 Certification of Chief Executive Officer~~

~~32.2~~

~~Section 1350 Certification of Chief Financial Officer~~

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	CINTAS CORPORATION (Registrant)

	~~CINTAS CORPORATION~~ ~~(Registrant)~~

Date: ~~April~~October 5, 2007	By:	/s/William C. Gale
		William C. Gale
		Senior Vice President and Chief Financial Officer
		(Chief Accounting Officer)

	Cintas Corporation			Corp. 2			Effect of Legal Restructure*			Subsidiary Guarantors			Non- Guarantors		Eliminations			Cintas Corporation Consolidated
Assets
Current assets:
Cash and cash equivalents	$	----		$	1,327		$	32,622		$	(24,835	)	$	26,246	$	----		$	35,360
Marketable securities		----			36,664			(36,664	)		36,664			83,389		----			120,053
Accounts receivable, net		----			271,868			26,974			109,375			24,252		(23,599	)		408,870
Inventories, net		----			204,164			4,032			23,350			7,775		(7,580	)		231,741
Uniforms and other rental items in service		----			273,246			33			82,621			21,482		(32,451	)		344,931
Prepaid expenses		----			11,486			(6,115	)		9,506			904		----			15,781
Total current assets		----			798,755			20,882			236,681			164,048		(63,630	)		1,156,736

Property and equipment, at cost, net		----			619,691			25,787			218,903			55,862		----			920,243

Goodwill		----			347,516			(347,516	)		1,223,896			21,981		----			1,245,877
Service contracts, net		----			102,574			60,387			3,724			4,676		----			171,361
Other assets, net		1,665,370			72,191			10,721			1,363,667			194,142		(3,229,828	)		76,263
	$	1,665,370		$	1,940,727		$	(229,739	)	$	3,046,871		$	440,709	$	(3,293,458	)	$	3,570,480

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	(465,247	)	$	(423,711	)	$	(1,387,144	)	$	2,312,352		$	1,926	$	26,446		$	64,622
Accrued compensation and related liabilities		----			42,152			5,478			12,189			3,007		----			62,826
Accrued liabilities		----			196,158			(151,805	)		150,790			6,477		(934	)		200,686
Income taxes:
Current		----			586			(23	)		16,206			1,815		----			18,584
Deferred		----			----			----			50,237			1,942		----			52,179
Long-term debt due within one year		----			3,228			222,586			(221,486	)		----		(187	)		4,141
Total current liabilities		(465,247	)		(181,587	)		(1,310,908	)		2,320,288			15,167		25,325			403,038

Long-term debt due after one year		----			882,921			(221,352	)		159,255			92,448		(36,198	)		877,074
Deferred income taxes		----			----			----			117,485			5,145		----			122,630
Total shareholders’ equity		2,130,617			1,239,393			1,302,521			449,843			327,949		(3,282,585	)		2,167,738
	$	1,665,370		$	1,940,727		$	(229,739	)	$	3,046,871		$	440,709	$	(3,293,458	)	$	3,570,480

	February 28, 2007			May 31, 2006
	(Unaudited)			(Restated)*
ASSETS
Current assets:
Cash and cash equivalents	$	31,558		$	38,914
Marketable securities		125,935			202,539
Accounts receivable, net		393,155			389,905
Inventories, net		227,083			198,000
Uniforms and other rental items in service		339,082			337,487
Prepaid expenses		14,926			11,163

Total current assets		1,131,739			1,178,008

Property and equipment, at cost, net		900,772			863,783

Goodwill		1,226,176			1,136,175
Service contracts, net		172,842			179,965
Other assets, net		75,960			67,306

	$	3,507,489		$	3,425,237

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	69,540		$	71,635
Accrued compensation and related liabilities		57,014			50,134
Accrued liabilities		234,840			188,927
Income taxes:
Current		51,057			43,694
Deferred		39,506			51,669
Long-term debt due within one year		229,139			4,288

Total current liabilities		681,096			410,347

Long-term debt due after one year		654,376			794,454

Deferred income taxes		115,858			130,244

Shareholders' equity:
Preferred stock, no par value:
100,000 shares authorized, none outstanding		----			----
Common stock, no par value:
425,000,000 shares authorized,
FY 2007: 172,838,020 issued and 158,640,697 outstanding
FY 2006: 172,571,083 issued and 163,181,738 outstanding		130,389			120,860
Paid in capital		44,939			47,644
Retained earnings		2,443,139			2,260,917
Treasury stock:
FY 2007: 14,197,323 shares
FY 2006: 9,389,345 shares		(580,562	)		(381,613	)
Other accumulated comprehensive income		18,254			42,384
Total shareholders' equity		2,056,159			2,090,192
	$	3,507,489		$	3,425,237

	Three and Nine Months Ended
	February 28,
		2007	2006

Risk-free interest rate		4.00%	4.00%
Dividend yield		.70%	.50%
Expected volatility of Cintas' common stock		35%	35%
Expected life of the option in years		7.5	9

				Weighted Average
	Shares			Exercise Price
Outstanding May 31, 2006 (2,718,180 shares exercisable)		6,535,404		$	40.08
Granted		1,061,005			37.60
Forfeitures/Cancellations		(157,435	)		42.52
Exercised		(144,607	)		18.95
Outstanding August 31, 2006 (2,707,855 shares exercisable)		7,294,367		$	40.09
Granted		111,500			41.31
Forfeitures/Cancellations		(198,545	)		42.02
Exercised		(79,038	)		24.38
Outstanding November 30, 2006 (2,561,212 shares exercisable)		7,128,284		$	40.23
Granted		43,350			41.02
Forfeitures/Cancellations		(256,675	)		40.04
Exercised		(125,049	)		24.49
Outstanding February 28, 2007 (2,394,238 shares exercisable)		6,789,910		$	40.53

			Outstanding Options				Exercisable Options
			Average		Weighted				Weighted
			Remaining		Average				Average
Range of	Number		Option		Exercise		Number		Exercise
Exercise Prices	Outstanding		Life		Price		Exercisable		Price
$ 18.04 - $ 39.19		1,651,096		6.48	$	33.72		469,989	$	26.63
39.29 - 41.98		1,965,764		5.72		40.67		919,399		41.77
42.06 - 44.33		1,652,000		6.58		42.35		432,650		42.76
44.43 - 53.19		1,521,050		6.95		45.67		572,200		47.69
$ 18.04 - $ 53.19		6,789,910		6.39	$	40.53		2,394,238	$	40.39

	Rentals		Other Services		Corporate			Total
For the three months
ended February 28, 2007
Revenue	$	665,647	$	239,751	$	----		$	905,398
Income (loss) before income taxes	$	105,179	$	27,520	$	(10,245	)	$	122,454

For the three months
ended February 28, 2006
(Restated)*
Revenue	$	631,322	$	205,099	$	----		$	836,421
Income (loss) before income taxes	$	108,654	$	19,896	$	(5,314	)	$	123,236

As of and for the nine months
ended February 28, 2007
Revenue	$	2,037,796	$	705,029	$	----		$	2,742,825
Income (loss) before income taxes	$	347,056	$	74,441	$	(32,011	)	$	389,486
Total assets	$	2,525,832	$	824,164	$	157,493		$	3,507,489

As of and for the nine months
ended February 28, 2006
(Restated)*
Revenue	$	1,890,920	$	604,761	$	----		$	2,495,681
Income (loss) before income taxes	$	336,443	$	52,462	$	(17,100	)	$	371,805
Total assets	$	2,491,807	$	619,756	$	250,801		$	3,362,364

Period	Total number of shares purchased	Average price paid per share	Total number of shares purchased as part of the publicly announced plan	Maximum approximate dollar value of shares that may yet be purchased under the plan
December 2006	250,000	$40.10	13,046,485	$466,402,264

January 2007	850,838	$40.58	13,897,323	$431,875,381

February 2007	300,000	$41.46	14,197,323	$419,438,500

Total	1,400,838	$40.68	14,197,323	$419,438,500