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Amortizable Intangible Assets
 9 Months Ended
Sep. 30, 2012
Amortizable Intangible Assets

NOTE 7· Amortizable Intangible Assets

Amortizable intangible assets at September 30, 2012, and December 31, 2011, consisted of the following:

 

     September 30, 2012      December 31, 2011  
(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

    $ 992,389       $ (425,952 )    $ 566,437         14.9       $ 876,552       $ (381,615 )    $ 494,937         14.9   

Non-compete agreements

      25,513         (24,461 )      1,052         7.2         25,291         (24,046 )      1,245         7.2   
  

 

 

     

 

 

    

 

 

        

 

 

     

 

 

    

 

 

     

Total

    $ 1,017,902       $ (450,413 )    $ 567,489          $ 901,843       $ (405,661 )    $ 496,182      
  

 

 

     

 

 

    

 

 

        

 

 

     

 

 

    

 

 

     

Amortization expense for amortizable intangible assets for the years ending December 31, 2012, 2013, 2014, 2015 and 2016, is estimated to be $63,461,000, $63,203,000, $62,141,000, $60,851,000, and $56,266,000, respectively.

 

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