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Goodwill, Service Contracts and Other Assets
12 Months Ended
May 31, 2023
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, 2021$2,547,510 $248,571 $116,988 $2,913,069 
Goodwill acquired99,826 38,281 5,162 143,269 
Foreign currency translation(12,237)(1,083)(42)(13,362)
Balance at May 31, 20222,635,099 285,769 122,108 3,042,976 
Goodwill acquired18,729 8,624 4,678 32,031 
Foreign currency translation(17,221)(1,525)(60)(18,806)
Balance at May 31, 2023$2,636,607 $292,868 $126,726 $3,056,201 

Service Contracts
(In thousands)
Uniform Rental
and Facility
Services
First Aid
 and Safety
 Services
All
Other
Total
Balance at June 1, 2021$369,141 $18,294 $21,010 $408,445 
Service contracts acquired32,695 10,384 1,659 44,738 
Service contracts amortization(49,152)(4,392)(4,809)(58,353)
Foreign currency translation(3,050)(142)— (3,192)
Balance at May 31, 2022349,634 24,144 17,860 391,638 
Service contracts acquired6,942 2,299 1,757 10,998 
Service contracts amortization(43,356)(5,149)(4,230)(52,735)
Foreign currency translation(3,190)(137)— (3,327)
Balance at May 31, 2023$310,030 $21,157 $15,387 $346,574 
Information regarding Cintas' service contracts and other assets is as follows as of May 31:
20232022
(In thousands)Carrying
Amount
Accumulated
Amortization
NetCarrying
Amount
Accumulated
Amortization
Net
Service contracts$1,004,754 $658,180 $346,574 $1,001,311 $609,673 $391,638 
Capitalized contract costs (1)
$665,705 $413,680 $252,025 $551,582 $319,358 $232,224 
Noncompete and consulting
   agreements and other
198,260 67,294 130,966 176,578 64,692 111,886 
Other assets$863,965 $480,974 $382,991 $728,160 $384,050 $344,110 
(1)     The current portion of capitalized contract costs, included in prepaid expenses and other current assets on the consolidated balance sheets as of May 31, 2023 and 2022, was $92.5 million and $83.7 million, respectively.

Amortization expense for service contracts and other assets was $150.0 million, $148.4 million and $141.9 million for the fiscal years ended May 31, 2023, 2022 and 2021, respectively. At May 31, 2023, the weighted average amortization period for service contracts, capitalized contract costs, noncompete and consulting agreements and other was 13 years, 7 years, 5 years and 10 years, respectively. As of May 31, 2023, the estimated future amortization expense for service contracts and other assets, excluding any future acquisitions and commissions to be earned, is as follows:
Fiscal Year (In thousands)
2024$147,939 
2025133,368 
2026112,114 
202791,492 
202867,930 
Thereafter147,866 
Total future amortization expense$700,709