Goodwill, Service Contracts and Other Assets

6 Months Ended

Nov. 30, 2019

Goodwill, Service Contracts and Other Assets [Abstract]

Goodwill, Service Contracts and Other Assets

Changes in the carrying amount of goodwill and service contracts for the six months ended November 30, 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		5,624		5,788
Foreign currency translation	4,219		339		14		4,572
Balance as of November 30, 2019	$	2,500,621	$	243,962	$	108,218	$	2,852,801



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			2,049			2,374
Service contracts amortization	(23,551		)	(1,940		)	(2,759		)	(28,250		)
Foreign currency translation	1,185			29			—			1,214
Balance as of November 30, 2019	$	422,650		$	21,794		$	25,489		$	469,933

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



	As of November 30, 2019
(In thousands)	Carrying Amount		Accumulated Amortization		Net

Service contracts	$	932,833	$	462,900	$	469,933

Capitalized contract costs ⁽¹⁾	$	325,160	$	109,055	$	216,105
Noncompete and consulting agreements	42,687		40,937		1,750
Other	63,780		21,009		42,771
Total other assets	$	431,627	$	171,001	$	260,626



	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 November 30, 2019, is $74.9 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.

Amortization expense for service contracts and other assets for continuing operations was $35.3 million and $33.3 million for the three months ended November 30, 2019 and 2018, respectively. For the six months ended November 30, 2019 and 2018, amortization expense for service contracts and other assets for continuing operations was $69.9 million and $66.2 million, respectively. The estimated future amortization expense for service contracts and other assets, excluding any future acquisitions and commissions to be earned, as of November 30, 2019 is as follows:



Fiscal Year (In thousands)

2020 (remaining six months)	$	68,366
2021	125,140
2022	113,263
2023	94,309
2024	82,990
Thereafter	284,200
Total future amortization expense	$	768,268