Goodwill And Intangible Assets, Net

6 Months Ended

Dec. 31, 2011

Goodwill And Intangible Assets, Net [Abstract]

Note 9. Goodwill and Intangible Assets, net

Changes in goodwill for the six months ended December 31, 2011 are as follows:


		Employer			PEO		Dealer
		Services			Services		Services			Total

Balance as of June 30, 2011	$	1,935.0		$	4.8	$	1,133.8		$	3,073.6
Additions and other adjustments, net		55.0			-		68.1			123.1
Currency translation adjustments		(47.4	)		-		(19.3	)		(66.7	)

Balance as of December 31, 2011	$	1,942.6		$	4.8	$	1,182.6		$	3,130.0

Components of intangible assets, net, are as follows:


		December 31,			June 30,
		2011			2011
Intangible assets:
Software and software licenses	$	1,371.3		$	1,322.4
Customer contracts and lists		853.2			821.0
Other intangibles		241.1			238.3
		2,465.6			2,381.7
Less accumulated amortization:
Software and software licenses		(1,103.4	)		(1,062.1	)
Customer contracts and lists		(464.9	)		(443.7	)
Other intangibles		(165.8	)		(160.2	)
		(1,734.1	)		(1,666.0	)
Intangible assets, net	$	731.5		$	715.7

Other intangibles consist primarily of purchased rights, covenants, patents and trademarks (acquired directly or through acquisitions). All of the intangible assets have finite lives and, as such, are subject to amortization. The weighted average remaining useful life of the intangible assets is 8 years (4 years for software and software licenses, 11 years for customer contracts and lists, and 8 years for other intangibles). Amortization of intangible assets was $43.2 million and $45.2 million for the three months ended December 31, 2011 and 2010, respectively, and totaled $86.4 million and $85.4 million for the six months ended December 31, 2011 and 2010, respectively.

Estimated future amortization expenses of the Company's existing intangible assets are as follows:


		Amount
Six months ending June 30, 2012	$	92.3
Twelve months ending June 30, 2013	$	149.2
Twelve months ending June 30, 2014	$	110.5
Twelve months ending June 30, 2015	$	83.1
Twelve months ending June 30, 2016	$	62.7
Twelve months ending June 30, 2017	$	51.4

The Company has not incurred significant costs to renew or extend the term of acquired intangible assets during the six months ended December 31, 2011.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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