Goodwill, Service Contracts and Other Assets

Changes in the carrying amount of goodwill and service contracts for the fiscal years ended May 31, 2013 and 2012, 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, 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
Goodwill acquired	—			—			24,524			7,616			32,140
Foreign currency translation	(124		)	(26		)	—			195			45
Balance as of May 31, 2013	$	944,325		$	23,942		$	216,989		$	332,304		$	1,517,560



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

Balance as of June 1, 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
Service contracts acquired	—			—		11,413			24,670			36,083
Service contracts amortization	(6,002		)	—		(7,936		)	(6,766		)	(20,704		)
Foreign currency translation	(19		)	—		—			(29		)	(48		)
Balance as of May 31, 2013	$	23,135		$	—	$	32,811		$	36,207		$	92,153

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



	As of May 31, 2013
(In thousands)	Carrying Amount		Accumulated Amortization		Net

Service contracts	$	420,499	$	328,346	$	92,153

Noncompete and consulting agreements	$	77,863	$	72,970	$	4,893
Investments⁽¹⁾	101,525		—		101,525
Other	22,711		4,739		17,972
Total	$	202,099	$	77,709	$	124,390



	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 May 31, 2013, include the cash surrender value of insurance policies of $73.0 million, equity method investments of $27.6 million and cost method investments of $0.9 million. During fiscal 2013, Cintas sold stock of an equity method investment for a gain of $8.5 million. 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 $23.7 million, $38.3 million and $42.6 million for the fiscal years ended May 31, 2013, 2012 and 2011, respectively. Estimated amortization expense, excluding any future acquisitions, for each of the next five years is $22.1 million, $19.2 million, $14.0 million, $8.9 million and $7.7 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 2013, 2012, and 2011, no losses due to impairment were recorded.