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Amortizable Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets

Amortizable intangible assets at March 31, 2021 and December 31, 2020 consisted of the following:

 

 

 

March 31, 2021

 

 

December 31, 2020

 

(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

 

$

2,205,764

 

 

$

(1,148,875

)

 

$

1,056,889

 

 

 

15.0

 

 

$

2,164,968

 

 

$

(1,118,316

)

 

$

1,046,652

 

 

 

15.0

 

Non-compete agreements

 

 

35,912

 

 

 

(32,437

)

 

 

3,475

 

 

 

4.4

 

 

 

35,093

 

 

 

(32,085

)

 

 

3,008

 

 

 

4.6

 

Total

 

$

2,241,676

 

 

$

(1,181,312

)

 

$

1,060,364

 

 

 

 

 

 

$

2,200,061

 

 

$

(1,150,401

)

 

$

1,049,660

 

 

 

 

 

 

(1)

Weighted average life calculated as of the date of acquisition.