Goodwill, Service Contracts and Other Assets

Changes in the carrying amount of goodwill and service contracts for the nine months ended February 28, 2013, 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, 2012	$	944,449	$	23,968		$	192,465	$	324,493	$	1,485,375
Goodwill acquired	—		—			23,798		10,422		34,220
Foreign currency translation	13		(16		)	—		395		392
Balance as of February 28, 2013	$	944,462	$	23,952		$	216,263	$	335,310	$	1,519,987



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

Balance as of June 1, 2012	$	29,156		$	—	$	29,334		$	18,332		$	76,822
Service contracts acquired	—			—		10,199			22,024			32,223
Service contracts amortization	(4,540		)	—		(5,880		)	(5,072		)	(15,492		)
Foreign currency translation	18			—		—			2			20
Balance as of February 28, 2013	$	24,634		$	—	$	33,653		$	35,286		$	93,573

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



	As of February 28, 2013
(In thousands)	Carrying Amount		Accumulated Amortization		Net
Service contracts	$	416,866	$	323,293	$	93,573

Noncompete and consulting agreements	$	77,661	$	72,468	$	5,193
Investments⁽¹⁾	99,107		—		99,107
Other	21,502		4,359		17,143
Total	$	198,270	$	76,827	$	121,443



	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

⁽¹⁾ Investments at February 28, 2013, include the cash surrender value of insurance policies of $70.5 million, equity method investments of $27.7 million and cost method investments of $0.9 million. In the second quarter of fiscal 2013, Cintas sold stock of an equity method investment for a gain of $8.5 million. No further sales occurred in the third quarter of fiscal 2013. 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.

Amortization expense was $17.9 million and $29.5 million for the nine months ended February 28, 2013 and February 29, 2012, respectively. Estimated amortization expense, excluding any future acquisitions, for each of the next five full fiscal years is $23.5 million, $21.6 million, $18.7 million, $13.6 million and $8.5 million, respectively.

Investments recorded using the cost method are evaluated for impairment on an annual basis or when indicators of impairment are identified. For the three and nine months ended February 28, 2013 and February 29, 2012, no losses due to impairment were recorded.