Intangible Assets

6 Months Ended

Jun. 30, 2012

Intangible Assets [Abstract]

INTANGIBLE ASSETS

7. INTANGIBLE ASSETS

Intangible assets, exclusive of goodwill, consisted of the following at June 30, 2012:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortizable intangible assets:
Long-term franchise agreements and contracts	$	195,914	$	(35,376	)	$	160,538
Customer lists		117,724		(35,582	)		82,142
Non-competition agreements		9,374		(6,604	)		2,770
Other		31,603		(3,813	)		27,790
		354,615		(81,375	)		273,240
Nonamortized intangible assets:
Indefinite-lived intangible assets		226,547		—			226,547
Intangible assets, exclusive of goodwill	$	581,162	$	(81,375	)	$	499,787

The weighted-average amortization period of long-term franchise agreements and contracts acquired during the six months ended June 30, 2012 was 7.2 years. The weighted-average amortization period of customer lists acquired during the six months ended June 30, 2012 was 9.4 years.

Intangible assets, exclusive of goodwill, consisted of the following at December 31, 2011:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortizable intangible assets:
Long-term franchise agreements and contracts	$	190,532	$	(31,592	)	$	158,940
Customer lists		96,501		(28,475	)		68,026
Non-competition agreements		9,374		(6,389	)		2,985
Other		31,603		(3,175	)		28,428
		328,010		(69,631	)		258,379
Nonamortized intangible assets:
Indefinite-lived intangible assets		191,202		—			191,202
Intangible assets, exclusive of goodwill	$	519,212	$	(69,631	)	$	449,581

The weighted-average amortization period of long-term franchise agreements and contracts acquired during the year ended December 31, 2011 was 22.3 years. The weighted-average amortization period of customer lists acquired during the year ended December 31, 2011 was 6.8 years. The weighted-average amortization period of other intangibles acquired during the year ended December 31, 2011 was 40.0 years.

Estimated future amortization expense for the next five years of amortizable intangible assets is as follows:

For the year ending December 31, 2012	$	23,593
For the year ending December 31, 2013	$	23,229
For the year ending December 31, 2014	$	22,010
For the year ending December 31, 2015	$	21,401
For the year ending December 31, 2016	$	17,425