Goodwill, Service Contracts and Other Assets

Effective August 31, 2014, the document imaging and document retention services business was classified as discontinued operations. As a result, goodwill and service contracts related to this business, which were previously included in the Document Management Services operating segment, are included in the Corporate segment. The document imaging and document retention services business was sold in three separate transactions during the three months ended November 30, 2014. See Note 12 entitled Discontinued Operations for more information.

Changes in the carrying amount of goodwill and service contracts for the six months ended November 30, 2014, by operating segment, are as follows:



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

Balance as of June 1, 2014	$	943,516		$	23,905		$	221,911	$	78,079		$	1,267,411
Goodwill acquired	70			—			839		—			909
Goodwill divested in the Storage transactions	—			—			—		(75,660		)	(75,660		)
Foreign currency translation	(832		)	(49		)	—		(2,419		)	(3,300		)
Balance as of November 30, 2014	$	942,754		$	23,856		$	222,750	$	—		$	1,189,360



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

Balance as of June 1, 2014	$	17,171		$	—	$	28,034		$	10,470		$	55,675
Service contracts acquired	313			—		2,429			265			3,007
Service contracts amortization	(1,679		)	—		(3,530		)	(597		)	(5,806		)
Service contracts divested in the Storage transactions	—			—		—			(9,570		)	(9,570		)
Foreign currency translation	(1,148		)	—		—			(568		)	(1,716		)
Balance as of November 30, 2014	$	14,657		$	—	$	26,933		$	—		$	41,590

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



	As of November 30, 2014
(In thousands)	Carrying Amount		Accumulated Amortization		Net

Service contracts	$	335,591	$	294,001	$	41,590

Noncompete and consulting agreements	$	41,282	$	40,060	$	1,222
Other	24,397		6,969		17,428
Total	$	65,679	$	47,029	$	18,650



	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

Amortization expense for continuing operations was $3.5 million and $5.3 million for the three months ended November 30, 2014 and 2013, respectively. Amortization expense for continuing operations was $7.0 million and $10.4 million for the six months ended November 30, 2014 and 2013, respectively. Estimated amortization expense for continuing operations, excluding any future acquisitions, for each of the next five full fiscal years is $14.0 million, $10.2 million, $6.0 million, $5.0 million and $4.7 million, respectively.