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Goodwill, Service Contracts and Other Assets, Net | 3 Months Ended
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Aug. 31, 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 three months ended August 31, 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 acquired | 45,369 |  |  | 1,013 |  |  | 1,115 |  |  | 47,497 |
Foreign currency translation | 1,150 |  |  | 103 |  |  | 4 |  |  | 1,257 |
Balance as of August 31, 2023 | $ | 2,683,126 |  |  | $ | 293,984 |  |  | $ | 127,845 |  |  | $ | 3,104,955 |
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 acquired | 5,954 |  |  | 290 |  |  | 533 |  |  | 6,777 |
Service contracts amortization | (11,015) |  |  | (1,313) |  |  | (981) |  |  | (13,309) |
Foreign currency translation | 212 |  |  | 12 |  |  | — |  |  | 224 |
Balance as of August 31, 2023 | $ | 305,181 |  |  | $ | 20,146 |  |  | $ | 14,939 |  |  | $ | 340,266 |
Information regarding Cintas’ service contracts and other assets, net is as follows:
| As of August 31, 2023 |  |  | As of May 31, 2023
(In thousands) | Carrying Amount |  | Accumulated Amortization |  | Net |  |  | Carrying Amount |  | Accumulated Amortization |  | Net
Service contracts | $ | 1,012,036 |  |  | $ | 671,770 |  |  | $ | 340,266 |  |  |  | $ | 1,004,754 |  |  | $ | 658,180 |  |  | $ | 346,574 |
Capitalized contract costs (1) | $ | 693,140 |  |  | $ | 438,074 |  |  | $ | 255,066 |  |  |  | $ | 665,705 |  |  | $ | 413,680 |  |  | $ | 252,025 |
Noncompete and consulting agreements and other | 212,122 |  |  | 68,129 |  |  | 143,993 |  |  |  | 198,260 |  |  | 67,294 |  |  | 130,966 |
Total other assets, net | $ | 905,262 |  |  | $ | 506,203 |  |  | $ | 399,059 |  |  |  | $ | 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 August 31, 2023 and May 31, 2023, is $94.1 million and $92.5 million, respectively. Amortization expense for service contracts and other assets, was $38.5 million and $36.4 million for the three months ended August 31, 2023 and 2022, respectively. These expenses are recorded in selling and administrative expenses on the consolidated condensed statements of income. As of August 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 (remaining nine months) |  | $ | 114,023 |
2025 |  | 138,387 |
2026 |  | 117,129 |
2027 |  | 95,398 |
2028 |  | 71,829 |
Thereafter |  | 163,288 |
Total future amortization expense |  | $ | 700,054 |

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- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
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- Definition This element encapsulates entire disclosures pertaining to goodwill, service contracts and other assets. + References No definition available. + Details
Name: | ctas_GoodwillServiceContractsAndOtherAssetsDisclosureTextBlock
Namespace Prefix: | ctas_
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