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)

9 Months Ended

Feb. 28, 2014

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	February 28, 2014		May 31, 2013
Client lists	$	237.0	$	231.0
Other intangible assets	2.6		2.4
Total intangible assets, gross	239.6		233.4
Less: Accumulated amortization	199.1		188.2
Intangible assets, net of accumulated amortization	$	40.5	$	45.2

Estimated future amortization expense relating to intangible assets

As of February 28, 2014, the estimated amortization expense relating to intangible asset balances for the full year fiscal 2014 and the following four fiscal years is as follows:



In millions Fiscal year ending May 31,	Estimated amortization expense
2014	$	15.7
2015	$	12.3
2016	$	9.0
2017	$	6.5
2018	$	4.3