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Goodwill, Service Contracts and Other Assets
12 Months Ended
May 31, 2018
Goodwill, Service Contracts and Other Assets [Abstract]  
Goodwill, Service Contracts and Other Assets
Goodwill, Service Contracts and Other Assets
Changes in the carrying amount of goodwill and service contracts by reportable operating segment and All Other, are as follows:
Goodwill (in thousands)
Uniform Rental
and Facility
Services
 
First Aid
 and Safety
 Services
 
All
Other
 
Total
 
 
 
 
 
 
 
 
Balance at June 1, 2016
$
949,730

 
$
241,448

 
$
84,898

 
$
1,276,076

Goodwill acquired
1,499,008

 
2,265

 
6,281

 
1,507,554

Foreign currency translation
(668
)
 
(601
)
 
(26
)
 
(1,295
)
Balance at May 31, 2017
$
2,448,070

 
$
243,112

 
$
91,153

 
$
2,782,335

Goodwill acquired (1)
55,152

 
370

 
5,939

 
61,461

Foreign currency translation
2,254

 
797

 
41

 
3,092

Balance at May 31, 2018
$
2,505,476

 
$
244,279

 
$
97,133

 
$
2,846,888


(1) Adjustments to the G&K preliminary purchase price allocation represents $52.7 million of the acquired goodwill in the Uniform Rental and Facility Services reportable operating segment. See Note 9 entitled Acquisitions and Divestitures for more information.

Assets held for sale at May 31, 2017 include $15.5 million of goodwill associated with Discontinued Services.
Service Contracts (in thousands)
Uniform Rental
and Facility
Services
 
First Aid
 and Safety
 Services
 
All
Other
 
Total
 
 
 
 
 
 
 
 
Balance at June 1, 2016
$
19,912

 
$
32,252

 
$
26,030

 
$
78,194

Service contracts acquired
521,708

 
1,632

 
5,895

 
529,235

Service contracts amortization
(11,636
)
 
(3,952
)
 
(4,922
)
 
(20,510
)
Foreign currency translation
(61
)
 
130

 

 
69

Balance at May 31, 2017
$
529,923

 
$
30,062

 
$
27,003

 
$
586,988

Service contracts acquired
4,098

 
985

 
4,310

 
9,393

Service contracts amortization
(45,296
)
 
(3,842
)
 
(4,906
)
 
(54,044
)
Foreign currency translation
3,342

 
89

 

 
3,431

Balance at May 31, 2018
$
492,067

 
$
27,294

 
$
26,407

 
$
545,768


Information regarding Cintas' service contracts and other assets is as follows:
 
As of May 31, 2018
(In thousands)
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
 
 
 
 
 
Service contracts
$
924,978

 
$
379,210

 
$
545,768

 
 
 
 
 
 
Noncompete and consulting agreements
$
41,710

 
$
39,877

 
$
1,833

Other
38,787

 
11,305

 
27,482

Total
$
80,497

 
$
51,182

 
$
29,315

 
As of May 31, 2017
(In thousands)
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
 
 
 
 
 
Service contracts
$
911,273

 
$
324,285

 
$
586,988

 
 
 
 
 
 
Noncompete and consulting agreements
$
40,743

 
$
39,244

 
$
1,499

Other
34,890

 
4,422

 
30,468

Total
$
75,633

 
$
43,666

 
$
31,967


Amortization expense for continuing operations was $61.2 million, $22.8 million and $14.2 million for the fiscal years ended May 31, 2018, 2017 and 2016, respectively. Estimated amortization expense for continuing operations, excluding any future acquisitions, for each of the next five full fiscal years and thereafter is $62.5 million, $61.1 million, $55.2 million, $53.2 million, $44.9 million and $283.4 million, respectively. At May 31, 2018, the weighted average amortization period for service contracts, noncompete and consulting agreements and other was 12.8 years, 5 years and 4 years, respectively.