Goodwill, Service Contracts and Other Assets

Effective August 31, 2014, Storage was classified as discontinued operations. As a result, goodwill and service contracts related to this business, which were previously included in the former Document Management Services operating segment, are included within Corporate. Storage was sold in three separate transactions during the quarter ended November 30, 2014 ("Storage Transactions"). See Note 17 entitled Discontinued Operations for more information.

Changes in the carrying amount of goodwill and service contracts for the fiscal years ended May 31, 2015 and 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, 2013	$	944,325		$	23,942		$	216,989	$	332,304		$	1,517,560
Goodwill acquired	—			—			4,922		8,794			13,716
Goodwill divested in 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
Goodwill acquired	70			—			8,578		—			8,648
Goodwill divested in Storage Transactions	—			—			—		(75,660		)	(75,660		)
Foreign currency translation	(2,141		)	(227		)	—		(2,419		)	(4,787		)
Balance as of May 31, 2015	$	941,445		$	23,678		$	230,489	$	—		$	1,195,612



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

Balance as of June 1, 2013	$	23,135		$	—	$	32,811		$	36,207		$	92,153
Service contracts acquired	—			—		3,149			4,589			7,738
Service contracts divested in 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
Service contracts acquired	313			—		9,543			265			10,121
Service contracts divested in Storage Transactions	—			—		—			(9,570		)	(9,570		)
Service contracts amortization	(5,619		)	—		(7,005		)	(597		)	(13,221		)
Foreign currency translation	(3		)	—		—			(568		)	(571		)
Balance as of May 31, 2015	$	11,862		$	—	$	30,572		$	—		$	42,434

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



	As of May 31, 2015
(In thousands)	Carrying Amount		Accumulated Amortization		Net

Service contracts	$	340,816	$	298,382	$	42,434

Noncompete and consulting agreements	$	41,828	$	40,379	$	1,449
Other	23,595		7,550		16,045
Total	$	65,423	$	47,929	$	17,494



	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 $13.7 million, $19.8 million and $20.4 million for the fiscal years ended May 31, 2015, 2014 and 2013, respectively. Estimated amortization expense for continuing operations, excluding any future acquisitions, for each of the next five years is $11.0 million, $6.9 million, $5.9 million, $5.6 million and $5.2 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 and Storage Transactions. See Note 9 entitled Acquisitions and Deconsolidations for more information.