Amortizable Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

NOTE 5 Amortizable Intangible Assets

Amortizable intangible assets at December 31, 2019 and 2018 consisted of the following:

	December 31, 2019									December 31, 2018
(in thousands)	Gross carrying value		Accumulated amortization			Net carrying value		Weighted average life in years(1)		Gross carrying value		Accumulated amortization			Net carrying value		Weighted average life in years(1)
Purchased customer accounts	$	1,925,326	$	(1,011,574	)	$	913,752		15.0	$	1,804,404	$	(909,415	)	$	894,989		14.9
Non-compete agreements		33,881		(30,865	)		3,016		4.6		33,469		(29,651	)		3,818		4.5
Total	$	1,959,207	$	(1,042,439	)	$	916,768			$	1,837,873	$	(939,066	)	$	898,807

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

Amortization expense for amortizable intangible assets for the years ending December 31, 2020, 2021, 2022, 2023 and 2024 is estimated to be $101.2 million, $97.6 million, $93.1 million, $86.2 million and $82.3 million, respectively.