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Intangible Assets, net | 12 Months Ended
--- | ---
Dec. 31, 2011
Intangible Assets, net |
Intangible Assets, net |
Note 6. Intangible Assets, net Intangible assets, net, consisted of the following:
|  | December 31, 2011 |  | December 31, 2010 |
--- | --- | --- | --- | --- | ---
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization |
|  | (in millions) |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |
Covenants not to compete |  | $ | 7.3 |  | $ | (6.9 | ) | $ | 7.1 |  | $ | (6.7 | )
Loan fees |  |  | 31.2 |  |  | (17.6 | ) |  | 23.9 |  |  | (14.1 | )
Customer lists/relationships |  |  | 477.7 |  |  | (114.2 | ) |  | 379.3 |  |  | (83.7 | )
Software—internal use |  |  | 8.1 |  |  | (4.7 | ) |  | 8.1 |  |  | (3.8 | )
Other |  |  | 6.6 |  |  | (2.2 | ) |  | 4.9 |  |  | (1.7 | )
|  |  | 530.9 |  |  | (145.6 | ) |  | 423.3 |  |  | (110.0 | )
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  |  | 510.6 |  |  | — |  |  | 442.5 |  |  | — |
|  | $ | 1,041.5 |  | $ | (145.6 | ) | $ | 865.8 |  | $ | (110.0 | )
Intangible assets recorded in connection with the Company's 2011 acquisition were approximately $174.3 million (see Note 2). The Company also recorded $7.3 million of intangible assets in connection with the amendment of its syndicated credit agreement (see Note 8). Foreign currency translation losses related to intangible assets, net, in 2011 were approximately $5.9 million. Amortization expense for intangible assets amounted to approximately $35.8 million, $29.6 million and $29.8 million for the years ended December 31, 2011, 2010 and 2009, respectively. The following is a summary of estimated aggregate amortization expense for each of the next five years:
|  | (in millions) |
--- | --- | --- | ---
2012 |  | $ | 40.4 |
2013 |  |  | 40.4 |
2014 |  |  | 38.4 |
2015 |  |  | 36.8 |
2016 |  |  | 35.1 |

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