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Goodwill, Service Contracts and Other Assets, Net
3 Months Ended
Aug. 31, 2024
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 by reportable operating segment and All Other for the three months ended August 31, 2024, are as follows:
Goodwill
(In thousands)
Uniform Rental
 and Facility Services
First Aid
 and Safety Services
All
Other
Total
Balance as of June 1, 2024$2,773,565 $293,747 $145,112 $3,212,424 
Goodwill acquired2,480 372 5,655 8,507 
Foreign currency translation2,378 211 2,597 
Balance as of August 31, 2024$2,778,423 $294,330 $150,775 $3,223,528 

Service Contracts
(In thousands)
Uniform Rental
 and Facility Services
First Aid
 and Safety Services
All
Other
Total
Balance as of June 1, 2024$290,498 $16,203 $15,201 $321,902 
Service contracts acquired492 167 2,158 2,817 
Service contracts amortization(11,567)(1,318)(1,013)(13,898)
Foreign currency translation361 17 — 378 
Balance as of August 31, 2024$279,784 $15,069 $16,346 $311,199 

Information regarding Cintas’ service contracts, net and other assets, net is as follows:
 As of August 31, 2024As of May 31, 2024
(In thousands)Carrying
Amount
Accumulated
Amortization
NetCarrying
Amount
Accumulated
Amortization
Net
Service contracts$1,037,621 $726,422 $311,199 $1,033,762 $711,860 $321,902 
Capitalized contract
   costs (1)
$806,813 $540,927 $265,886 $777,535 $515,041 $262,494 
Noncompete and
   consulting agreements
   and other
225,380 71,934 153,446 233,334 70,877 162,457 
Other assets$1,032,193 $612,861 $419,332 $1,010,869 $585,918 $424,951 
(1)    The current portion of capitalized contract costs, included in prepaid expenses and other current assets on the consolidated condensed balance sheets as of August 31, 2024 and May 31, 2024, is $95.0 million and $94.6 million, respectively.

Amortization expense for service contracts and other assets was $40.7 million and $38.5 million for the three months ended August 31, 2024 and 2023, respectively. These expenses are recorded in selling and administrative expenses on the consolidated condensed statements of income. As of August 31, 2024, 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)
2025 (remaining nine months)$116,518 
2026136,350 
2027112,757 
202886,291 
202972,046 
Thereafter158,770 
Total future amortization expense$682,732