Goodwill, Service Contracts and Other Assets (Tables)

9 Months Ended

Feb. 29, 2020

Goodwill, Service Contracts and Other Assets [Abstract]

Changes in Carrying Amount of Goodwill by Operating Segment

Changes in the carrying amount of goodwill and service contracts for the nine months ended February 29, 2020, 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 as of June 1, 2019	$	2,496,402	$	243,459	$	102,580	$	2,842,441
Goodwill acquired	18,362		164		10,639		29,165
Foreign currency translation	2,205		177		8		2,390
Balance as of February 29, 2020	$	2,516,969	$	243,800	$	113,227	$	2,873,996

Changes in the Carrying Amount of Service Contracts by Operating Segment

Service Contracts (in thousands)	Uniform Rental and Facility Services		First Aid and Safety Services		All Other		Total
Balance as of June 1, 2019	$	445,016	$	23,380	$	26,199	$	494,595
Service contracts acquired	8,619		325		3,074		12,018
Service contracts amortization	(35,472)		(2,910)		(4,072)		(42,454)
Foreign currency translation	675		18		—		693
Balance as of February 29, 2020	$	418,838	$	20,813	$	25,201	$	464,852

Information Regarding Service Contracts and Other Assets

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

	As of February 29, 2020
(In thousands)	Carrying Amount		Accumulated Amortization		Net
Service contracts	$	941,606	$	476,754	$	464,852
Capitalized contract costs (1)	$	349,988	$	128,722	$	221,266
Noncompete and consulting agreements	43,573		41,143		2,430
Other	51,491		22,594		28,897
Total other assets	$	445,052	$	192,459	$	252,593

	As of May 31, 2019
(In thousands)	Carrying Amount		Accumulated Amortization		Net
Service contracts	$	928,635	$	434,040	$	494,595
Capitalized contract costs (2)	$	277,016	$	71,062	$	205,954
Noncompete and consulting agreements	42,308		40,524		1,784
Other	50,306		17,729		32,577
Total 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 condensed balance sheet as of February 29, 2020, is $74.5 million.

⁽²⁾    The current portion of capitalized contract costs, included in prepaid expenses and other current assets on the consolidated condensed balance sheet as of May 31, 2019, is $69.6 million.

Estimated Future Amortization Expense

The estimated future amortization expense for service contracts and other assets, excluding any future acquisitions and commissions to be earned, as of February 29, 2020 is as follows:

Fiscal Year (In thousands)
2020 (remaining three months)	$	34,641
2021	129,941
2022	118,066
2023	98,914
2024	87,387
Thereafter	297,951
Total future amortization expense	$	766,900