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Amortizable Intangible Assets
 12 Months Ended
Dec. 31, 2011
Amortizable Intangible Assets [Abstract]  
Amortizable Intangible Assets

NOTE 4 Amortizable Intangible Assets

Amortizable intangible assets at December 31 consisted of the following:

 

     2011      2010  

(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

    $ 876,552       $ (381,615 )    $ 494,937         14.9       $ 811,143       $ (330,627 )    $ 480,516         14.9   

Non-compete agreements

      25,291         (24,046 )      1,245         7.2         25,181         (23,797 )      1,384         7.3   
  

 

 

     

 

 

    

 

 

        

 

 

     

 

 

    

 

 

     

Total

    $ 901,843       $ (405,661 )    $ 496,182          $ 836,324       $ (354,424 )    $ 481,900      
  

 

 

     

 

 

    

 

 

        

 

 

     

 

 

    

 

 

     

Amortization expense recorded for amortizable intangible assets for the years ended December 31, 2011, 2010 and 2009 was $54,755,000, $51,442,000 and $49,857,000, respectively.

Amortization expense for amortizable intangible assets for the years ending December 31, 2012, 2013, 2014, 2015 and 2016 is estimated to be $56,337,000, $55,437,000, $54,282,000, $52,949,000, and $48,364,000, respectively.