XML 83 R11.htm IDEA: XBRL DOCUMENT v2.4.1.9
Amortizable Intangible Assets
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets

NOTE 4 Amortizable Intangible Assets

Amortizable intangible assets at December 31 consisted of the following:

 

     2014      2013  

(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

   $ 1,355,550       $ (574,285   $ 781,265         14.9       $ 1,120,719       $ (505,137   $ 615,582         14.9   

Non-compete agreements

     29,139         (25,762     3,377         6.8         28,115         (24,809     3,306         7.0   
  

 

 

    

 

 

   

 

 

       

 

 

    

 

 

   

 

 

    

Total

$ 1,384,689    $ (600,047 $ 784,642    $ 1,148,834    $ (529,946 $ 618,888   
  

 

 

    

 

 

   

 

 

       

 

 

    

 

 

   

 

 

    

Amortization expense recorded for amortizable intangible assets for the years ended December 31, 2014, 2013 and 2012 was $82,941,000, $67,932,000 and $63,573,000, respectively.

Amortization expense for amortizable intangible assets for the years ending December 31, 2015, 2016, 2017, 2018 and 2019 is estimated to be $86,029,000, $81,547,000, $78,640,000, $73,262,000, and $68,722,000, respectively.