XML 56 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Goodwill, Service Contracts and Other Assets (Tables)
 9 Months Ended
Feb. 28, 2013
Goodwill, Service Contracts and Other Assets [Abstract]  
Changes in the carrying amount of goodwill by operating segment
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
Changes in the carrying amount of service contracts by operating segment
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 service contracts and other assets
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.