Goodwill, Service Contracts and Other Assets (Tables)

3 Months Ended

Aug. 31, 2019

Goodwill, Service Contracts and Other Assets [Abstract]

Changes in Carrying Amount of Goodwill by Operating Segment

Changes in the carrying amount of goodwill and service contracts for the three months ended August 31, 2019, 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, 2019	$	2,496,402	$	243,459	$	102,580	$	2,842,441
Goodwill acquired	—		164		3,022		3,186
Foreign currency translation	3,675		296		15		3,986
Balance as of August 31, 2019	$	2,500,077	$	243,919	$	105,617	$	2,849,613

Changes in the Carrying Amount of Service Contracts by Operating Segment

Service Contracts (in thousands)	Uniform Rental  and Facility Services			First Aid  and Safety Services			All Other			Total
Balance as of June 1, 2019	$	445,016		$	23,380		$	26,199		$	494,595
Service contracts acquired	—			325			1,133			1,458
Service contracts amortization	(11,783		)	(970		)	(1,378		)	(14,131		)
Foreign currency translation	1,030			25			—			1,055
Balance as of August 31, 2019	$	434,263		$	22,760		$	25,954		$	482,977

Information Regarding Service Contracts and Other Assets

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

	As of August 31, 2019
(In thousands)	Carrying Amount		Accumulated Amortization		Net
Service contracts	$	931,682	$	448,705	$	482,977
Capitalized contract costs (1)	$	301,854	$	89,840	$	212,014
Noncompete and consulting agreements	42,494		40,740		1,754
Other	50,684		19,387		31,297
Total other assets	$	395,032	$	149,967	$	245,065

	As of May 31, 2019
(In thousands)	Carrying Amount		Accumulated Amortization		Net
Service contracts	$	928,635	$	434,040	$	494,595
Capitalized contract costs (2)	$	277,016	$	71,062	$	205,954
Noncompete and consulting agreements	42,308		40,524		1,784
Other	50,306		17,729		32,577
Total other assets	$	369,630	$	129,315	$	240,315

⁽¹⁾  The current portion of capitalized contract costs, included in prepaid expenses and other current assets on the consolidated condensed balance sheet as of August 31, 2019, is $71.3 million.

⁽²⁾ 

The current portion of capitalized contract costs, included in prepaid expenses and other current assets on the consolidated condensed balance sheet as of May 31, 2019, is $69.6 million.

Estimated Future Amortization Expense

The estimated future amortization expense for service contracts and other assets, excluding any future acquisitions and commissions to be earned, as of August 31, 2019 is as follows:

Fiscal Year (In thousands)
2020 (remaining nine months)	$	100,846
2021	120,954
2022	109,078
2023	90,379
2024	79,144
Thereafter	274,800
Total future amortization expense	$	775,201