Amortizable Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Amortizable Intangible Assets

NOTE 7 Amortizable Intangible Assets

Amortizable intangible assets at March 31, 2021 and December 31, 2020 consisted of the following:

	March 31, 2021									December 31, 2020
(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	$	2,205,764	$	(1,148,875	)	$	1,056,889		15.0	$	2,164,968	$	(1,118,316	)	$	1,046,652		15.0
Non-compete agreements		35,912		(32,437	)		3,475		4.4		35,093		(32,085	)		3,008		4.6
Total	$	2,241,676	$	(1,181,312	)	$	1,060,364			$	2,200,061	$	(1,150,401	)	$	1,049,660

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

Amortization expense for amortizable intangible assets for the years ending December 31, 2021, 2022, 2023, 2024 and 2025 is estimated to be $116.9 million, $112.4 million, $105.4 million, $101.5 million, and $99.1 million, respectively.