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. 29, 2012

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

Components of intangible assets, at cost


In millions	February 29, 2012		May 31, 2011
Client lists	$	223.3	$	223.4
Other intangible assets		2.0		2.0

Total intangible assets, gross		225.3		225.4
Less: Accumulated amortization		164.1		148.2

Intangible assets, net of accumulated amortization	$	61.2	$	77.2

Estimated future amortization expense relating to intangible asset balances


In millions Fiscal year ending May 31,	Estimated amortization expense
2012	$	22.9
2013	$	18.0
2014	$	13.0
2015	$	9.2
2016	$	6.4

- 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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