Intangible Assets, net

6 Months Ended

Jun. 30, 2014

5. Intangible Assets, net

Intangible assets, net consisted of the following:

			June 30, 2014					December 31, 2013
	Weighted Average		Gross					Gross
	Amortizable		Carrying		Accumulated			Carrying		Accumulated
	Life in Years		Amount		Amortization			Amount		Amortization
			(in millions)
Intangible assets subject to amortization:
Covenants not to compete	4.	5	$	2.1	$	(1.5	)	$	8.0	$	(7.3	)
Loan fees	3.	8	41.5		(25.7		)	41.5		(24.1		)
Customer lists/relationships	14.	6	654.8		(225.9		)	654.3		(200.6		)
Software – internal use	10.	0	8.1		(6.7		)	8.1		(6.3		)
Other	5.	2	7.2		(3.5		)	7.4		(2.7		)
			713.7		(263.3		)	719.3		(241.0		)
Intangible assets not subject to amortization:
Trade names			735.8		—			735.5		—
			$	1,449.5	$	(263.3	)	$	1,454.8	$	(241.0	)

We recognized amortization expense for intangible assets of $28.2 million and $26.4 million for the six months ended June 30, 2014 and 2013, respectively. Other changes in intangible assets, net during the six months ended June 30, 2014 are due to foreign currency translation gains of $0.6 million.

The following is a summary of estimated aggregate amortization expense for the remaining six months of 2014 and each of the succeeding five years:

	(in millions)
2014	$	27.6
2015	53.7
2016	52.1
2017	47.6
2018	41.4
2019	40.7