Intangible Assets, net

3 Months Ended

Mar. 31, 2013

Intangible Assets, net

Intangible Assets, net

5.  Intangible Assets, net

The following table summarizes our intangible assets, net:

	March 31, 2013					December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
	(in millions)
Intangible assets subject to amortization:
Covenants not to compete	$	8.0	$	(7.2	)	$	8.0	$	(7.1	)
Loan fees	31.2		(20.8		)	31.2		(20.2		)
Customer lists/relationships	522.0		(163.2		)	524.0		(153.3		)
Software – internal use	8.1		(5.7		)	8.1		(5.5		)
Other	6.4		(2.6		)	6.4		(2.5		)
	575.7		(199.5		)	577.7		(188.6		)
Intangible assets not subject to amortization:
Trade names	546.1		—			547.4		—
	$	1,121.8	$	(199.5	)	$	1,125.1	$	(188.6	)

We recognized amortization expense for intangible assets of $11.3 million and $10.2 million for the three months ended March 31, 2013 and 2012, respectively. Other changes in intangible assets, net, during the three months ended March 31, 2013 are due to foreign currency translation losses of $2.9 million.

The following is a summary of estimated aggregated amortization expense for the remaining nine months of 2013 and each of the succeeding five years:

	(in millions)
2013	$	33.7
2014	42.9
2015	41.4
2016	39.6
2017	34.2
2018	29.9