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Other Intangible Assets
12 Months Ended
Dec. 31, 2012
Goodwill And Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

Note 9—Other Intangible Assets

The carrying amount of other intangibles for the years ended December 31, 2012 and 2011 consisted of the following:

 

(Dollar amounts in thousands)         December 31, 2012  
   Useful life in years    Gross
amount
     Accumulated
amortization
    Net carrying
amount
 

Customer relationships

   14    $ 313,726       $ (50,769   $ 262,957   

Trademark

   10 - 15      39,950         (7,794     32,156   

Software packages

   3 - 5      110,478         (50,479     59,999   

Non-compete agreement

   15      56,539         (8,481     48,058   
     

 

 

    

 

 

   

 

 

 

Total other intangible assets, net

      $ 520,693       $ (117,523   $ 403,170   
     

 

 

    

 

 

   

 

 

 

 

(Dollar amounts in thousands)         December 31, 2011  
   Useful life in years    Gross
amount
     Accumulated
amortization
    Net carrying
amount
 

Customer relationships

   14    $ 313,543       $ (28,372   $ 285,171   

Trademark

   10 - 15      39,950         (4,330     35,620   

Software packages

   3 - 5      106,865         (30,569     76,296   

Non-compete agreement

   15      56,539         (4,712     51,827   
     

 

 

    

 

 

   

 

 

 

Total other intangible assets, net

      $ 516,897       $ (67,983   $ 448,914   
     

 

 

    

 

 

   

 

 

 

The estimated amortization expenses of balances outstanding at December 31, 2012 for the next five years are as follows:

 

(Dollar amounts in thousands)       

Year ended December 31,

  

2013

   $ 54,153   

2014

     48,624   

2015

     43,336   

2016

     39,512   

2017

     32,198   

Amortization expense related to intangibles was $55.1 million and $54.6 million for the years ended December 31, 2012 and 2011, respectively. Amortization expense related to software costs was $25.4 million and $24.7 million for the years ended December 31, 2012 and 2011, respectively.