Amortizable Intangible Assets

9 Months Ended

Sep. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Amortizable Intangible Assets

NOTE 6· Amortizable Intangible Assets

Amortizable intangible assets at September 30, 2013 and December 31, 2012, consisted of the following:

	September 30, 2013									December 31, 2012
(in thousands)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Life (Years)(1)		Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Life (Years)(1)
Purchased customer accounts	$	1,111,022	$	(489,204	)	$	621,818		14.9	$	1,005,031	$	(439,623	)	$	565,408		14.9
Non-compete agreements		28,151		(24,671	)		3,480		7.0		25,320		(24,190	)		1,130		7.2
Total	$	1,139,173	$	(513,875	)	$	625,298			$	1,030,351	$	(463,813	)	$	566,538

Amortization expense for amortizable intangible assets for the years ending December 31, 2013, 2014, 2015, 2016 and 2017, is estimated to be $67,934,000, $70,652,000, $69,363,000, $64,782,000, and $62,070,000, respectively.

(1) Weighted average life calculated as of the date of acquisition.