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Goodwill, Service Contracts and Other Assets, Net
6 Months Ended
Nov. 30, 2023
Goodwill, Service Contracts And Other Assets [Abstract]  
Goodwill, Service Contracts and Other Assets, Net Goodwill, Service Contracts and Other Assets, Net
Changes in the carrying amount of goodwill and service contracts for the six months ended November 30, 2023, 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, 2023$2,636,607 $292,868 $126,726 $3,056,201 
Goodwill acquired49,737 962 13,361 64,060 
Foreign currency translation224 20 245 
Balance as of November 30, 2023$2,686,568 $293,850 $140,088 $3,120,506 
Service Contracts
(In thousands)
Uniform Rental
 and Facility Services
First Aid
 and Safety Services
All
Other
Total
Balance as of June 1, 2023$310,030 $21,157 $15,387 $346,574 
Service contracts acquired7,632 290 1,558 9,480 
Service contracts amortization(22,103)(2,627)(1,908)(26,638)
Foreign currency translation86 — 95 
Balance as of November 30, 2023$295,645 $18,829 $15,037 $329,511 

Information regarding Cintas’ service contracts and other assets, net is as follows:
 As of November 30, 2023As of May 31, 2023
(In thousands)Carrying
Amount
Accumulated
Amortization
NetCarrying
Amount
Accumulated
Amortization
Net
Service contracts$1,014,332 $684,821 $329,511 $1,004,754 $658,180 $346,574 
Capitalized contract
   costs (1)
$721,921 $463,307 $258,614 $665,705 $413,680 $252,025 
Noncompete and
   consulting agreements
   and other
224,489 68,976 155,513 198,260 67,294 130,966 
Total other assets, net$946,410 $532,283 $414,127 $863,965 $480,974 $382,991 
(1)    The current portion of capitalized contract costs, included in prepaid expenses and other current assets on the consolidated condensed balance sheets as of November 30, 2023 and May 31, 2023, is $93.9 million and $92.5 million, respectively.

Amortization expense for service contracts and other assets was $39.4 million and $37.3 million for the three months ended November 30, 2023 and 2022, respectively. For the six months ended November 30, 2023 and 2022, amortization expense for service contracts and other assets was $77.9 million and $73.7 million, respectively. These expenses are recorded in selling and administrative expenses on the consolidated condensed statements of income. As of November 30, 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 (remaining six months)$77,591 
2025142,842 
2026121,587 
202798,902 
202875,019 
Thereafter176,763 
Total future amortization expense$692,704