Paychex, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

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

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

6 Months Ended

Nov. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Components of intangible assets, at cost

The components of intangible assets, at cost, consisted of the following:



In millions	November 30, 2012		May 31, 2012
Client lists	$	223.8	$	223.6
Other intangible assets	2.0		2.0
Total intangible assets, gross	225.8		225.6
Less: Accumulated amortization	178.8		169.8
Intangible assets, net of accumulated amortization	$	47.0	$	55.8

Estimated future amortization expense relating to intangible asset balances

As of November 30, 2012, the estimated amortization expense relating to intangible asset balances for the full year fiscal 2013 and the following four fiscal years is as follows:



In millions Fiscal year ending May 31,	Estimated amortization expense
2013	$	18.1
2014	$	13.1
2015	$	9.3
2016	$	6.5
2017	$	4.5