Contract Acquisition Costs, net

12 Months Ended

Dec. 31, 2014

Contract Acquisition Costs, net

Note 11 Contract Acquisition Costs, net

Significant components of contract acquisition costs as of December 31, 2014 and 2013 are summarized as follows:

(in thousands)	2014		2013
Conversion costs, net	$	159,339		112,177
Payments for processing rights, net		76,966		72,651
Total	$	236,305		184,828

Amortization expense related to contract acquisition cost for the years ended December 31, 2014, 2013 and 2012 are as follows:

(in thousands)	2014		2013		2012
Amortization expense related to:
Conversion costs	$	17,816		19,515		24,014
Payments for processing rights		16,209		13,099		13,290

The weighted average useful life for each component of contract acquisition costs, and in total, as of December 31, 2014 is as follows:

	Weighted Average Amortization Period (Yrs)
Payments for processing rights		14.5
Conversion costs		12.3
Total		13.4

Estimated future amortization expense of conversion costs and payments for processing rights as of December 31, 2014 for the next five years is:

(in thousands)	Conversion Costs		Payments for Processing Rights
2015	$	30,060		16,897
2016		28,598		13,797
2017		26,210		11,691
2018		23,687		10,229
2019		20,715		8,322