Amortizable Intangible Assets

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Amortizable Intangible Assets

NOTE 6· Amortizable Intangible Assets

Amortizable intangible assets at September 30, 2014 and December 31, 2013, consisted of the following:

	September 30, 2014									December 31, 2013
(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	$	1,365,973	$	(564,053	)	$	801,920		15.0	$	1,120,719	$	(505,137	)	$	615,582		14.9
Non-compete agreements		29,415		(25,636	)		3,779		6.8		28,115		(24,809	)		3,306		7.0
Total	$	1,395,388	$	(589,689	)	$	805,699			$	1,148,834	$	(529,946	)	$	618,888

(1) Weighted average life calculated as of the date of acquisition.

Amortization expense for amortizable intangible assets for the years ending December 31, 2014, 2015, 2016, 2017 and 2018 is estimated to be $82,445,000, $86,773,000, $82,243,000, $79,289,000, and $73,888,000, respectively.