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Intangible Assets, net | 3 Months Ended
--- | ---
Mar. 31, 2012
Intangible Assets, net |
Intangible Assets, net |
5. Intangible Assets, net The following table summarizes our intangible assets, net:
|  | March 31, 2012 |  | December 31, 2011 |
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization |
|  | (in millions) |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |
Covenants not to compete |  | $ | 7.6 |  | $ | (7.0 | ) | $ | 7.3 |  | $ | (6.9 | )
Loan fees |  | 31.2 |  | (18.3 | ) | 31.2 |  | (17.6 | )
Customer lists/relationships |  | 480.7 |  | (123.6 | ) | 477.7 |  | (114.2 | )
Software – internal use |  | 8.1 |  | (4.9 | ) | 8.1 |  | (4.7 | )
Other |  | 6.7 |  | (2.2 | ) | 6.6 |  | (2.2 | )
|  | 534.3 |  | (156.0 | ) | 530.9 |  | (145.6 | )
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |
Trade names |  | 512.6 |  | — |  | 510.6 |  | — |
|  | $ | 1,046.9 |  | $ | (156.0 | ) | $ | 1,041.5 |  | $ | (145.6 | )
Intangible assets recorded in connection with the McKey acquisition were $2.3 million (see Note 3). We recognized amortization expense for intangible assets of $10.2 million and $7.9 million for the three months ended March 31, 2012 and 2011, respectively. Other changes in intangible assets, net during the three months ended March 31, 2012 are due to foreign currency translation gains of $2.9 million. The following is a summary of estimated aggregated amortization expense for the remaining nine months of 2012 and each of the succeeding five years:
|  | (in millions) |
2012 |  | $ | 30.6 |
2013 |  | 40.7 |
2014 |  | 38.7 |
2015 |  | 37.1 |
2016 |  | 35.4 |
2017 |  | 30.0 |

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