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)

3 Months Ended

Aug. 31, 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	August 31, 2014		May 31, 2014
Client lists	$	245.8	$	240.9
Other intangible assets	3.5		2.6
Total intangible assets, gross	249.3		243.5
Less: Accumulated amortization	206.7		202.9
Intangible assets, net of accumulated amortization	$	42.6	$	40.6

Estimated future amortization expense relating to intangible assets

As of August 31, 2014, the estimated amortization expense relating to intangible asset balances for the full year fiscal 2015 and the following four fiscal years is as follows:



In millions Fiscal year ending May 31,	Estimated amortization expense
2015	$	14.8
2016	$	11.2
2017	$	8.4
2018	$	5.6
2019	$	3.5