The following table summarizes the Company’s acquisitions of lease contracts, merchandise and the related assets of sales and lease ownership stores, none of which was individually material to the Company’s consolidated financial statements, during the nine months ended September 30, 2013 and 2012:



(In Thousands, except for store data)	2013			2012
Number of stores acquired, net	9			20
Aggregate purchase price (primarily cash consideration)	$	10,469		$	28,375
Purchase price allocation:
Lease Merchandise	3,687			10,717
Property, Plant and Equipment	710			739
Other Current Assets and Current Liabilities	(212		)	5
Identifiable Intangible Assets¹
Customer Relationships	506			1,543
Non-Compete Agreements	389			1,079
Acquired Franchise Development Rights	232			708
Goodwill²	5,157			13,584

The Company amortizes customer relationship intangible assets on a straight-line basis over a two-year estimated useful life. The Company amortizes non-compete intangible assets on a straight-line basis over a three-year estimated useful life. The Company amortizes acquired franchise development rights on a straight-line basis over the unexpired life of the franchisee’s ten year area development agreement.

Goodwill recognized from acquisitions primarily relates to the future strategic benefits expected to be realized upon integrating the businesses. All goodwill resulting from the Company’s 2013 and 2012 acquisitions is expected to be deductible for tax purposes. During the nine months ended September 30, 2013, goodwill of approximately $5.2 million was assigned to the Company’s Sales and Lease Ownership operating segment. During the nine months ended September 30, 2012, goodwill of approximately $12.8 million and $687,000 was assigned to the Company’s Sales and Lease Ownership and HomeSmart operating segments, respectively.