Goodwill, Service Contracts and Other Assets

Changes in the carrying amount of goodwill and service contracts for the fiscal years ended May 31, 2014 and 2013, by operating segment, are as follows:



Goodwill (in thousands)	Rental Uniforms & Ancillary Products			Uniform Direct Sales			First Aid, Safety & Fire Protection		Document Management			Total

Balance as of June 1, 2012	$	944,449		$	23,968		$	192,465	$	324,493		$	1,485,375
Goodwill acquired	—			—			24,524		7,616			32,140
Foreign currency translation	(124		)	(26		)	—		195			45
Balance as of May 31, 2013	$	944,325		$	23,942		$	216,989	$	332,304		$	1,517,560
Goodwill acquired	—			—			4,922		8,794			13,716
Shredding transaction	—			—			—		(265,487		)	(265,487		)
Foreign currency translation	(809		)	(37		)	—		2,468			1,622
Balance as of May 31, 2014	$	943,516		$	23,905		$	221,911	$	78,079		$	1,267,411

The amount of goodwill impacted by the shredding transaction was determined based upon the relative fair value of businesses within the Document Management Services operating segment.



Service Contracts (in thousands)	Rental Uniforms & Ancillary Products			Uniform Direct Sales		First Aid, Safety & Fire Protection			Document Management			Total

Balance as of June 1, 2012	$	29,156		$	—	$	29,334		$	18,332		$	76,822
Service contracts acquired	—			—		11,413			24,670			36,083
Service contracts amortization	(6,002		)	—		(7,936		)	(6,766		)	(20,704		)
Foreign currency translation	(19		)	—		—			(29		)	(48		)
Balance as of May 31, 2013	$	23,135		$	—	$	32,811		$	36,207		$	92,153
Service contracts acquired	—			—		3,149			4,589			7,738
Shredding transaction	—			—		—			(23,990		)	(23,990		)
Service contracts amortization	(5,961		)	—		(7,926		)	(6,908		)	(20,795		)
Foreign currency translation	(3		)	—		—			572			569
Balance as of May 31, 2014	$	17,171		$	—	$	28,034		$	10,470		$	55,675

The amount of service contracts impacted by the shredding transaction was determined by specific identification to the historical shredding business.

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



	As of May 31, 2014
(In thousands)	Carrying Amount		Accumulated Amortization		Net

Service contracts	$	360,634	$	304,959	$	55,675

Noncompete and consulting agreements	$	49,080	$	47,036	$	2,044
Other	23,826		6,244		17,582
Total	$	72,906	$	53,280	$	19,626



	As of May 31, 2013
(In thousands)	Carrying Amount		Accumulated Amortization		Net

Service contracts	$	420,499	$	328,346	$	92,153

Noncompete and consulting agreements	$	77,863	$	72,970	$	4,893
Other	22,711		4,739		17,972
Total	$	100,574	$	77,709	$	22,865

Amortization expense was $22.6 million, $23.7 million and $38.3 million for the fiscal years ended May 31, 2014, 2013 and 2012, respectively. Estimated amortization expense, excluding any future acquisitions, for each of the next five years is $15.7 million, $11.3 million, $6.7 million, $5.7 million and $5.4 million, respectively.

The decreases in goodwill, service contracts, noncompete and consulting agreements since May 31, 2013 primarily relate to the consummation of the shredding transaction. See Note 9 entitled Acquisitions and Deconsolidation for more information.