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Goodwill, Service Contracts and Other Assets
12 Months Ended
May 31, 2019
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 presented in the following tables:
Goodwill (in thousands)
Uniform Rental
and Facility
Services
 
First Aid
 and Safety
 Services
 
All
Other
 
Total
 
 
 
 
 
 
 
 
Balance at June 1, 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

Goodwill acquired
1,153

 

 
5,484

 
6,637

Foreign currency translation
(10,227
)
 
(820
)
 
(37
)
 
(11,084
)
Balance at May 31, 2019
$
2,496,402

 
$
243,459

 
$
102,580

 
$
2,842,441


(1)  
Adjustments to the G&K preliminary purchase price allocation represents $52.7 million of the acquired goodwill in fiscal 2018 in the Uniform Rental and Facility Services reportable operating segment.
Service Contracts (in thousands)
Uniform Rental
and Facility
Services
 
First Aid
 and Safety
 Services
 
All
Other
 
Total
 
 
 
 
 
 
 
 
Balance at June 1, 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

Service contracts acquired
2,864

 
14

 
5,186

 
8,064

Service contracts amortization
(46,943
)
 
(3,853
)
 
(5,394
)
 
(56,190
)
Foreign currency translation
(2,972
)
 
(75
)
 

 
(3,047
)
Balance at May 31, 2019
$
445,016

 
$
23,380

 
$
26,199

 
$
494,595



Information regarding Cintas' service contracts and other assets is as follows:
 
As of May 31, 2019
(In thousands)
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
 
 
 
 
 
Service contracts
$
928,635

 
$
434,040

 
$
494,595

 
 
 
 
 
 
Capitalized contract costs (1)
$
277,016

 
$
71,062

 
$
205,954

Noncompete and consulting agreements
42,308

 
40,524

 
1,784

Other
50,306

 
17,729

 
32,577

Other assets
$
369,630

 
$
129,315

 
$
240,315

(1)
The current portion of capitalized contract costs included in prepaid expenses and other current assets on the consolidated balance sheet as of May 31, 2019, is $69.6 million.
 
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

Other assets
$
80,497

 
$
51,182

 
$
29,315



Amortization expense for service contracts and other assets for continuing operations was $134.0 million, $61.2 million and $22.8 million for the fiscal years ended May 31, 2019, 2018 and 2017, respectively. Estimated amortization expense for service contracts and other assets for continuing operations, excluding any future acquisitions and commissions to be earned, for each of the next five full fiscal years and thereafter is $131.9 million, $116.9 million, $104.7 million, $86.3 million, $74.6 million and $264.5 million, respectively. At May 31, 2019, the weighted average amortization period for service contracts, capitalized contract costs, noncompete and consulting agreements and other was 14 years, 7 years, 5 years and 3 years, respectively.