XML 39 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill, Service Contracts and Other Assets (Tables)
 3 Months Ended
Aug. 31, 2020
Goodwill, Service Contracts and Other Assets [Abstract]  
Changes in Carrying Amount of Goodwill by Operating Segment
Goodwill
(in thousands)
Uniform Rental
and Facility Services		First Aid
and Safety Services		All
Other 		Total
Balance as of June 1, 2020$2,513,041 $243,266 $113,713 $2,870,020 
Goodwill acquired2,001 — — 2,001 
Foreign currency translation12,942 1,041 44 14,027 
Balance as of August 31, 2020$2,527,984 $244,307 $113,757 $2,886,048 
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, 2020$407,611 $19,805 $24,113 $451,529 
Service contracts acquired1,138 — — 1,138 
Service contracts amortization(12,031)(947)(1,290)(14,268)
Foreign currency translation3,169 73 — 3,242 
Balance as of August 31, 2020$399,887 $18,931 $22,823 $441,641 
Information Regarding Service Contracts and Other Assets
Information regarding Cintas’ service contracts and other assets is as follows:
 As of August 31, 2020
(In thousands)Carrying
Amount		Accumulated
Amortization		Net
Service contracts$948,118 $506,477 $441,641 
Capitalized contract costs (1)
$399,204 $169,248 $229,956 
Noncompete and consulting agreements44,174 41,621 2,553 
Other62,566 23,496 39,070 
Total other assets$505,944 $234,365 $271,579 

 As of May 31, 2020
(In thousands)Carrying
Amount		Accumulated
Amortization		Net
Service contracts$941,383 $489,854 $451,529 
Capitalized contract costs (1)
$375,912 $148,853 $227,059 
Noncompete and consulting agreements43,890 41,317 2,573 
Other54,239 23,113 31,126 
Total other assets$474,041 $213,283 $260,758 
(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, 2020 and May 31, 2020, is $77.5 million and $76.2 million, respectively.
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, 2020 is as follows:
Fiscal Year (In thousands)
2021 (remaining nine months)
$102,745 
2022126,441 
2023107,211 
202495,316 
202582,492 
Thereafter240,600 
Total future amortization expense$754,805