Paychex, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets, Net of Accumulated Amortization (Tables)

Goodwill and Intangible Assets, Net of Accumulated Amortization (Tables)

12 Months Ended

May 31, 2012

Goodwill and Intangible Assets, Net of Accumulated Amortization [Abstract]

Components of intangible assets, at cost


	May 31,
In millions	2012		2011
Client lists	$	223.6	$	223.4
Other intangible assets		2.0		2.0

Total intangible assets, gross		225.6		225.4
Less: Accumulated amortization		169.8		148.2

Intangible assets, net of accumulated amortization	$	55.8	$	77.2

Estimated future amortization expense relating to intangible asset balances


In millions Year ending May 31,	Estimated amortization expense
2013	$	18.1
2014		13.0
2015		9.2
2016		6.4
2017		4.4

- Definition

Tabular disclosure of amortizable intangibles assets, in total and by major class, including the gross carrying amount and accumulated amortization. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company.

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