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Goodwill, Service Contracts and Other Assets (Tables) | 6 Months Ended
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Nov. 30, 2021
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 six months ended November 30, 2021, 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, 2021 | $ | 2,547,510 |  |  | $ | 248,571 |  |  | $ | 116,988 |  |  | $ | 2,913,069 |
Goodwill acquired | 24,512 |  |  | 9,344 |  |  | 570 |  |  | 34,426 |
Foreign currency translation | (14,824) |  |  | (1,313) |  |  | (51) |  |  | (16,188) |
Balance as of November 30, 2021 | $ | 2,557,198 |  |  | $ | 256,602 |  |  | $ | 117,507 |  |  | $ | 2,931,307 |
Changes in the Carrying Amount of Service Contracts by Operating Segment | Changes in the carrying amount of goodwill and service contracts for the six months ended November 30, 2021, by reportable operating segment and All Other, are as follows:
Service Contracts (in thousands) | Uniform Rental and Facility Services |  | First Aid and Safety Services |  | All Other |  | Total
Balance as of June 1, 2021 | $ | 369,141 |  |  | $ | 18,294 |  |  | $ | 21,010 |  |  | $ | 408,445 |
Service contracts acquired | 12,807 |  |  | 2,366 |  |  | 719 |  |  | 15,892 |
Service contracts amortization | (24,752) |  |  | (2,021) |  |  | (2,391) |  |  | (29,164) |
Foreign currency translation | (3,404) |  |  | (160) |  |  | — |  |  | (3,564) |
Balance as of November 30, 2021 | $ | 353,792 |  |  | $ | 18,479 |  |  | $ | 19,338 |  |  | $ | 391,609 |
Information Regarding Service Contracts and Other Assets | Information regarding Cintas’ service contracts and other assets is as follows:
| As of November 30, 2021 |  |  | As of May 31, 2021
(In thousands) | Carrying Amount |  | Accumulated Amortization |  | Net |  |  | Carrying Amount |  | Accumulated Amortization |  | Net
Service contracts | $ | 971,329 |  |  | $ | 579,720 |  |  | $ | 391,609 |  |  |  | $ | 961,942 |  |  | $ | 553,497 |  |  | $ | 408,445 |
Capitalized contract costs (1) | $ | 503,933 |  |  | $ | 275,004 |  |  | $ | 228,929 |  |  |  | $ | 459,079 |  |  | $ | 231,940 |  |  | $ | 227,139 |
Noncompete and consulting agreements | 46,380 |  |  | 42,859 |  |  | 3,521 |  |  |  | 44,683 |  |  | 42,408 |  |  | 2,275 |
Other | 86,929 |  |  | 24,534 |  |  | 62,395 |  |  |  | 105,371 |  |  | 24,371 |  |  | 81,000 |
Total other assets | $ | 637,242 |  |  | $ | 342,397 |  |  | $ | 294,845 |  |  |  | $ | 609,133 |  |  | $ | 298,719 |  |  | $ | 310,414 |
(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, 2021 and May 31, 2021, is $81.3 million and $79.4 million, respectively.
Estimated Future Amortization Expense | As of November 30, 2021, 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) |  |
2022 (remaining six months) |  | $ | 70,680 |
2023 |  | 126,611 |
2024 |  | 114,179 |
2025 |  | 99,707 |
2026 |  | 82,616 |
Thereafter |  | 213,745 |
Total future amortization expense |  | $ | 707,538 |

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