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Intangible Assets, net | 12 Months Ended
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Dec. 31, 2014
Intangible Assets, net |
Intangible Assets, net | Note 6. Intangible Assets, net Intangible assets, net, consisted of the following:
|  |  |  | December 31, 2014 |  | December 31, 2013 |
|  | Weighted Average Amortizable Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization |
|  |  |  | (in millions) |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Covenants not to compete |  |  | 4.3 |  | $ | 2.3 |  | $ | (1.7 | ) | $ | 8.0 |  | $ | (7.3 | )
Loan fees |  |  | 3.8 |  |  | 41.5 |  |  | (27.3 | ) |  | 41.5 |  |  | (24.1 | )
Customer lists/relationships |  |  | 14.3 |  |  | 694.7 |  |  | (249.3 | ) |  | 654.3 |  |  | (200.6 | )
Software—internal use |  |  | 10.0 |  |  | 8.1 |  |  | (7.1 | ) |  | 8.1 |  |  | (6.3 | )
Other |  |  | 5.2 |  |  | 7.2 |  |  | (4.5 | ) |  | 7.4 |  |  | (2.7 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  |  |  |  | 753.8 |  |  | (289.9 | ) |  | 719.3 |  |  | (241.0 | )
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  |  |  |  |  | 777.7 |  |  | — |  |  | 735.5 |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  |  |  | $ | 1,531.5 |  | $ | (289.9 | ) | $ | 1,454.8 |  | $ | (241.0 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Intangible assets recorded in connection with our 2014 acquisitions and consolidation of a joint venture entity were approximately $92.6 million. Foreign currency translation losses related to intangible assets, net, in 2014 were approximately $8.1 million. Impairment losses of $14.9 million were recognized during the year ended December 31, 2013 related to one of our trade names. No impairment losses were recognized during the year ended December 31, 2014. Amortization expense for intangible assets amounted to approximately $56.7 million, $54.9 million and $45.4 million for the years ended December 31, 2014, 2013 and 2012, respectively. The following is a summary of estimated aggregate amortization expense for each of the next five years:
|  | (in millions) |
2015 |  | $ | 57.1 |
2016 |  |  | 55.4 |
2017 |  |  | 50.9 |
2018 |  |  | 44.8 |
2019 |  |  | 44.0 |

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