Goodwill, Service Contracts and Other Assets

Changes in the carrying amount of goodwill and service contracts for the fiscal years ended May 31, 2012 and 2011, by operating segment, are as follows:



Goodwill (in thousands)	Rental Uniforms & Ancillary Products			Uniform Direct Sales			First Aid, Safety & Fire Protection			Document Management			Total

Balance as of June 1, 2010	$	861,117		$	23,928		$	181,967		$	289,913		$	1,356,925
Goodwill acquired	80,699			—			10,977			33,196			124,872
Foreign currency translation	1,361			67			—			4,657			6,085
Balance as of May 31, 2011	$	943,177		$	23,995		$	192,944		$	327,766		$	1,487,882
Goodwill acquired (adj.)	2,163			—			(479		)	945			2,629
Foreign currency translation	(891		)	(27		)	—			(4,218		)	(5,136		)
Balance as of May 31, 2012	$	944,449		$	23,968		$	192,465		$	324,493		$	1,485,375



Service Contracts (in thousands)	Rental Uniforms & Ancillary Products			Uniform Direct Sales		First Aid, Safety & Fire Protection			Document Management			Total

Balance as of June 1, 2010	$	48,711		$	—	$	35,599		$	19,135		$	103,445
Service contracts acquired	13,090			—		7,498			10,288			30,876
Service contracts amortization	(19,081		)	—		(7,219		)	(8,200		)	(34,500		)
Foreign currency translation	1,908			—		—			583			2,491
Balance as of May 31, 2011	$	44,628		$	—	$	35,878		$	21,806		$	102,312
Service contracts acquired	1,346			—		838			4,470			6,654
Service contracts amortization	(15,569		)	—		(7,382		)	(7,219		)	(30,170		)
Foreign currency translation	(1,249		)	—		—			(725		)	(1,974		)
Balance as of May 31, 2012	$	29,156		$	—	$	29,334		$	18,332		$	76,822

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



	As of May 31, 2012
(In thousands)	Carrying Amount		Accumulated Amortization		Net

Service contracts	$	384,622	$	307,800	$	76,822

Noncompete and consulting agreements	$	76,036	$	69,954	$	6,082
Investments⁽¹⁾	90,198		—		90,198
Other	19,828		3,272		16,556
Total	$	186,062	$	73,226	$	112,836



	As of May 31, 2011
(In thousands)	Carrying Amount		Accumulated Amortization		Net

Service contracts	$	379,967	$	277,655	$	102,312

Noncompete and consulting agreements	$	76,091	$	63,982	$	12,109
Investments ⁽¹⁾	84,197		—		84,197
Other	23,135		4,690		18,445
Total	$	183,423	$	68,672	$	114,751


⁽¹⁾	Investments at May 31, 2012, include the cash surrender value of insurance policies of $57.4 million, equity method investments of $31.9 million and cost method investments of $0.9 million. Investments at May 31, 2011, include the cash surrender value of insurance policies of $51.1 million, equity method investments of $30.2 million and cost method investments of $2.9 million.

Amortization expense was $38.3 million, $42.6 million and $41.1 million for the fiscal years ended May 31, 2012, 2011 and 2010, respectively. Estimated amortization expense, excluding any future acquisitions, for each of the next five years is $21.8 million, $18.4 million, $15.5 million, $10.2 million and $5.0 million, respectively.

Investments recorded using the cost method are evaluated for impairment on an annual basis or when indicators of impairment are identified. For fiscal 2012, 2011, and 2010 no losses due to impairment were recorded.