Amortizable Intangible Assets

9 Months Ended

Sep. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Amortizable Intangible Assets

NOTE 7 Amortizable Intangible Assets

Amortizable intangible assets at September 30, 2020 and December 31, 2019 consisted of the following:

	September 30, 2020									December 31, 2019
(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	$	2,064,938	$	(1,090,819	)	$	974,119		15.0	$	1,925,326	$	(1,011,574	)	$	913,752		15.0
Non-compete agreements		34,855		(31,772	)		3,083		4.6		33,881		(30,865	)		3,016		4.6
Total	$	2,099,793	$	(1,122,591	)	$	977,202			$	1,959,207	$	(1,042,439	)	$	916,768

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

Amortization expense for amortizable intangible assets for the years ending December 31, 2020, 2021, 2022, 2023 and 2024 is estimated to be $107.5 million, $107.1 million, $102.6 million, $95.7 million, and $91.8 million, respectively.