Amortizable Intangible Assets

3 Months Ended

Mar. 31, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

NOTE 6· Amortizable Intangible Assets

Amortizable intangible assets at March 31, 2014 and December 31, 2013, consisted of the following:


	March 31, 2014									December 31, 2013
(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	$	1,121,150	$	(522,671	)	$	598,479		14.9	$	1,120,719	$	(505,137	)	$	615,582		14.9
Non-compete agreements		28,126		(25,031	)		3,095		7.0		28,115		(24,809	)		3,306		7.0

Total	$	1,149,276	$	(547,702	)	$	601,574			$	1,148,834	$	(529,946	)	$	618,888

Amortization expense for amortizable intangible assets for the years ending December 31, 2014, 2015, 2016, 2017 and 2018, is estimated to be $71,330,000, $70,047,000, $65,516,000, $62,807,000, and $57,482,000, respectively.

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