Amortizable Intangible Assets

12 Months Ended

Dec. 31, 2012

Amortizable Intangible Assets

NOTE 4 Amortizable Intangible Assets

Amortizable intangible assets at December 31 consisted of the following:

	2012									2011
(in thousands)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Life (years)		Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Life (years)
Purchased customer accounts	$	1,005,031	$	(439,623	)	$	565,408		14.9	$	876,552	$	(381,615	)	$	494,937		14.9
Non-compete agreements		25,320		(24,190	)		1,130		7.2		25,291		(24,046	)		1,245		7.2
Total	$	1,030,351	$	(463,813	)	$	566,538			$	901,843	$	(405,661	)	$	496,182

Amortization expense recorded for amortizable intangible assets for the years ended December 31, 2012, 2011 and 2010 was $63,573,000, $54,755,000 and $51,442,000, respectively.

Amortization expense for amortizable intangible assets for the years ending December 31, 2013, 2014, 2015, 2016 and 2017 is estimated to be $64,082,000, $63,020,000, $61,730,000, $57,149,000, and $54,437,000, respectively.