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Goodwill, Service Contracts and Other Assets
12 Months Ended
May 31, 2017
Goodwill, Service Contracts and Other Assets [Abstract]  
Goodwill, Service Contracts and Other Assets
Goodwill, Service Contracts and Other Assets
Changes in the carrying amount of goodwill and service contracts by reportable operating segment and All Other, are as follows:
Goodwill (in thousands)
Uniform Rental and Facility
Services
 
First Aid
 and Safety
 Services
 
All
Other
 
Total
 
 
 
 
 
 
 
 
Balance as of June 1, 2015
$
940,423

 
$
154,954

 
$
84,717

 
$
1,180,094

Goodwill acquired
10,020

 
86,874

 
203

 
97,097

Foreign currency translation
(713
)
 
(380
)
 
(22
)
 
(1,115
)
Balance at May 31, 2016
$
949,730

 
$
241,448

 
$
84,898

 
$
1,276,076

Goodwill acquired
1,499,008

 
2,265

 
6,281

 
1,507,554

Foreign currency translation
(668
)
 
(601
)
 
(26
)
 
(1,295
)
Balance as of May 31, 2017
$
2,448,070

 
$
243,112

 
$
91,153

 
$
2,782,335



Assets held for sale at May 31, 2017 and 2016 include $15.5 million of goodwill associated with Discontinued Services.
Service Contracts (in thousands)
Uniform Rental and Facility
Services
 
First Aid
 and Safety
 Services
 
All
Other
 
Total
 
 
 
 
 
 
 
 
Balance as of June 1, 2015
$
5,078

 
$
1,576

 
$
28,996

 
$
35,650

Service contracts acquired
18,912

 
34,052

 
2,730

 
55,694

Service contracts amortization
(4,078
)
 
(3,355
)
 
(5,696
)
 
(13,129
)
Foreign currency translation

 
(21
)
 

 
(21
)
Balance at May 31, 2016
$
19,912

 
$
32,252

 
$
26,030

 
$
78,194

Service contracts acquired
521,708

 
1,632

 
5,895

 
529,235

Service contracts amortization
(11,636
)
 
(3,952
)
 
(4,922
)
 
(20,510
)
Foreign currency translation
(61
)
 
130

 

 
69

Balance as of May 31, 2017
$
529,923

 
$
30,062

 
$
27,003

 
$
586,988


Information regarding Cintas' service contracts and other assets is as follows:
 
As of May 31, 2017
(In thousands)
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
 
 
 
 
 
Service contracts
$
911,273

 
$
324,285

 
$
586,988

 
 
 
 
 
 
Noncompete and consulting agreements
$
40,743

 
$
39,244

 
$
1,499

Other
34,890

 
4,422

 
30,468

Total
$
75,633

 
$
43,666

 
$
31,967

 
As of May 31, 2016
(In thousands)
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
 
 
 
 
 
Service contracts
$
382,858

 
$
304,664

 
$
78,194

 
 
 
 
 
 
Noncompete and consulting agreements
$
40,238

 
$
38,788

 
$
1,450

Other
15,275

 
2,442

 
12,833

Total
$
55,513

 
$
41,230

 
$
14,283


Amortization expense for continuing operations was $22.8 million, $14.2 million and $12.1 million for the fiscal years ended May 31, 2017, 2016 and 2015, respectively. Estimated amortization expense for continuing operations, excluding any future acquisitions, for each of the next five years is $60.0 million, $60.1 million, $59.5 million, $53.7 million and $53.1 million, respectively. The increase in amortization expense in the current year and for the next five years over past fiscal years is the result of the G&K acquisition.