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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2013
Intangible Assets  
Summary of intangible assets

Intangible assets consisted of the following at March 31, 2013 and December 31, 2012 (in thousands):

 

 

 

March 31,
2013

 

December 31,
2012

 

Useful Life

 

Client relationships

 

$

121,205

 

$

121,205

 

5-10 years

 

Trade name

 

19,733

 

19,733

 

3-7 years

 

Restrictive covenants

 

19,300

 

19,300

 

3-5 years

 

 

 

160,238

 

160,238

 

 

 

 

 

 

 

 

 

 

 

Less accumulated amortization

 

(56,256

)

(50,319

)

 

 

Intangible assets, net

 

$

103,982

 

$

109,919

 

 

 

Schedule of estimated amortization expense of intangible assets

Estimated amortization expense for intangible assets is expected to approximate the following (in thousands):

 

Year Ending December 31,

 

 

 

Remainder of 2013

 

$

16,330

 

2014

 

19,325

 

2015

 

18,998

 

2016

 

18,662

 

2017

 

15,342

 

Thereafter

 

15,325