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Goodwill, Service Contracts and Other Assets, Net
6 Months Ended
Nov. 30, 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 six months ended November 30, 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 acquired103,118 1,488 12,518 117,124 
Foreign currency translation(5,919)(564)(22)(6,505)
Balance as of November 30, 2024$2,870,764 $294,671 $157,608 $3,323,043 

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 acquired25,633 791 4,278 30,702 
Service contracts amortization(23,322)(2,641)(2,035)(27,998)
Foreign currency translation(1,079)(23)— (1,102)
Balance as of November 30, 2024$291,730 $14,330 $17,444 $323,504 

Information regarding Cintas’ service contracts, net and other assets, net is as follows:
 As of November 30, 2024As of May 31, 2024
(In thousands)Carrying
Amount
Accumulated
Amortization
NetCarrying
Amount
Accumulated
Amortization
Net
Service contracts$1,061,381 $737,877 $323,504 $1,033,762 $711,860 $321,902 
Capitalized contract
   costs (1)
$735,106 $466,233 $268,873 $777,535 $515,041 $262,494 
Noncompete and
   consulting agreements
   and other
238,543 72,806 165,737 233,334 70,877 162,457 
Other assets$973,649 $539,039 $434,610 $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 November 30, 2024 and May 31, 2024, is $95.0 million and $94.6 million, respectively.

Amortization expense for service contracts and other assets was $41.8 million and $39.4 million for the three months ended November 30, 2024 and 2023, respectively. For the six months ended November 30, 2024 and 2023, amortization expense for service contracts and other assets was $82.5 million and $77.9 million, respectively. These expenses are recorded in selling and administrative expenses on the consolidated condensed statements of income. As of November 30, 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 six months)$79,222 
2026143,358 
2027120,038 
202892,310 
202978,073 
Thereafter186,211 
Total future amortization expense$699,212