Goodwill, Service Contracts and Other Assets (Tables)

12 Months Ended

May 31, 2023

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 by reportable operating segment and All Other, are presented in the following tables:

Goodwill (In thousands)	Uniform Rental and Facility Services		First Aid  and Safety  Services		All Other		Total
Balance at June 1, 2021	$	2,547,510	$	248,571	$	116,988	$	2,913,069
Goodwill acquired	99,826		38,281		5,162		143,269
Foreign currency translation	(12,237)		(1,083)		(42)		(13,362)
Balance at May 31, 2022	2,635,099		285,769		122,108		3,042,976
Goodwill acquired	18,729		8,624		4,678		32,031
Foreign currency translation	(17,221)		(1,525)		(60)		(18,806)
Balance at May 31, 2023	$	2,636,607	$	292,868	$	126,726	$	3,056,201

Changes in 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 at June 1, 2021	$	369,141	$	18,294	$	21,010	$	408,445
Service contracts acquired	32,695		10,384		1,659		44,738
Service contracts amortization	(49,152)		(4,392)		(4,809)		(58,353)
Foreign currency translation	(3,050)		(142)		—		(3,192)
Balance at May 31, 2022	349,634		24,144		17,860		391,638
Service contracts acquired	6,942		2,299		1,757		10,998
Service contracts amortization	(43,356)		(5,149)		(4,230)		(52,735)
Foreign currency translation	(3,190)		(137)		—		(3,327)
Balance at May 31, 2023	$	310,030	$	21,157	$	15,387	$	346,574

Information Regarding Service Contracts and Other Assets

Information regarding Cintas' service contracts and other assets is as follows as of May 31:

	2023						2022
(In thousands)	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Service contracts	$	1,004,754	$	658,180	$	346,574	$	1,001,311	$	609,673	$	391,638
Capitalized contract costs (1)	$	665,705	$	413,680	$	252,025	$	551,582	$	319,358	$	232,224
Noncompete and consulting    agreements and other	198,260		67,294		130,966		176,578		64,692		111,886
Other assets	$	863,965	$	480,974	$	382,991	$	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 balance sheets as of May 31, 2023 and 2022, was $92.5 million and $83.7 million, respectively.

Finite-lived Intangible Assets Amortization Expense

As of May 31, 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)
2024	$	147,939
2025	133,368
2026	112,114
2027	91,492
2028	67,930
Thereafter	147,866
Total future amortization expense	$	700,709