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Goodwill, Service Contracts and Other Assets, Net
9 Months Ended
Feb. 28, 2023
Goodwill, Service Contracts And Other Assets [Abstract]  
Goodwill, Service Contracts and Other Assets, Net Goodwill, Service Contracts and Other Assets, Net
Changes in the carrying amount of goodwill and service contracts for the nine months ended February 28, 2023, 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, 2022$2,635,099 $285,769 $122,108 $3,042,976 
Goodwill acquired13,370 6,642 756 20,768 
Foreign currency translation(18,466)(1,636)(64)(20,166)
Balance as of February 28, 2023$2,630,003 $290,775 $122,800 $3,043,578 
Service Contracts
(in thousands)
Uniform Rental
 and Facility Services
First Aid
 and Safety Services
All
Other
Total
Balance as of June 1, 2022$349,634 $24,144 $17,860 $391,638 
Service contracts acquired5,679 1,823 1,154 8,656 
Service contracts amortization(32,454)(3,845)(3,267)(39,566)
Foreign currency translation(3,432)(150)— (3,582)
Balance as of February 28, 2023$319,427 $21,972 $15,747 $357,146 
Information regarding Cintas’ service contracts and other assets, net is as follows:
 As of February 28, 2023As of May 31, 2022
(In thousands)Carrying
Amount
Accumulated
Amortization
NetCarrying
Amount
Accumulated
Amortization
Net
Service contracts$1,001,864 $644,718 $357,146 $1,001,311 $609,673 $391,638 
Capitalized contract
   costs (1)
$637,891 $389,140 $248,751 $551,582 $319,358 $232,224 
Noncompete and
   consulting agreements
51,563 45,131 6,432 50,637 43,775 6,862 
Other142,813 21,376 121,437 125,941 20,917 105,024 
Total other assets, net$832,267 $455,647 $376,620 $728,160 $384,050 $344,110 
(1)    The current portion of capitalized contract costs, included in prepaid expenses and other current assets on the consolidated condensed balance sheets as of February 28, 2023 and May 31, 2022, is $90.4 million and $83.7 million, respectively.

Amortization expense for service contracts and other assets, was $37.8 million and $38.0 million for the three months ended February 28, 2023 and 2022, respectively. For the nine months ended February 28, 2023 and 2022, amortization expense for service contracts and other assets was $111.5 million and $111.4 million, respectively. These expenses are recorded in selling and administrative expenses on the consolidated condensed statements of income. As of February 28, 2023, the estimated future amortization expense for service contracts and other assets, excluding any future acquisitions and commissions to be earned, is as follows:
Fiscal Year (In thousands)
2023 (remaining three months)
$37,864 
2024142,394 
2025127,831 
2026107,040 
202787,552 
Thereafter203,474 
Total future amortization expense$706,155