XML 24 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Amortizable Intangible Assets
 6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets Amortizable Intangible Assets
Amortizable intangible assets at June 30, 2018 and December 31, 2017 consisted of the following:
 
June 30, 2018
 
December 31, 2017
(in thousands)
Gross
carrying
value
 
Accumulated
amortization
 
Net
carrying
value
 
Weighted
average
life
(years)(1)
 
Gross
carrying
value
 
Accumulated
amortization
 
Net
carrying
value
 
Weighted
average
life
(years)(1)
Purchased customer accounts
$
1,504,859

 
$
(865,347
)
 
$
639,512

 
15.0
 
$
1,464,274

 
$
(824,584
)
 
$
639,690

 
15.0
Non-compete agreements
30,457

 
(29,415
)
 
1,042

 
6.8
 
30,287

 
(28,972
)
 
1,315

 
6.8
Total
$
1,535,316

 
$
(894,762
)
 
$
640,554

 
 
 
$
1,494,561

 
$
(853,556
)
 
$
641,005

 
 
(1)
Weighted average life calculated as of the date of acquisition.
Amortization expense for amortizable intangible assets for the years ending December 31, 2018, 2019, 2020, 2021 and 2022 is estimated to be $82.9 million, $79.2 million, $71.9 million, $68.6 million, and $64.2 million, respectively.