Windstream 2007 Annual Report Download - page 141

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
4. Goodwill and Other Intangible Assets, Continued:
Intangible assets subject to amortization were as follows at December 31:
2007
(Millions)
Gross
Cost
Accumulated
Amortization
Net Carrying
Value
Valor wireline customer list $ 210.0 $ (59.1) $ 150.9
CTC wireline customer list 45.0 (3.2) 41.8
CTC wireless customer list 8.0 (0.6) 7.4
Other wireline customer lists 67.6 (34.3) 33.3
Cable franchise rights 22.5 (19.4) 3.1
$ 353.1 $ (116.6) $ 236.5
2006
(Millions)
Gross
Cost
Accumulated
Amortization
Net Carrying
Value
Valor wireline customer list $ 210.0 $ (19.2) $ 190.8
Other wireline customer lists 67.6 (27.6) 40.0
Cable franchise rights 22.5 (17.9) 4.6
$ 300.1 $ (64.7) $ 235.4
Intangible asset amortization methodology and useful lives are as follows:
Intangible Asset Amortization Methodology Estimated Useful Life
Valor wireline customer list accelerated sum-of-years digits 9 years
CTC wireline customer list accelerated sum-of-years digits 9 years
CTC wireless customer list accelerated sum-of-years digits 7 years
Other wireline customer lists straight-line 10 years
Cable franchise rights straight line 15 years
Amortization expense for intangible assets subject to amortization was $51.9 million in 2007, $27.3 million in
2006 and $8.2 million in 2005. Amortization expense for intangible assets subject to amortization is estimated to
be $53.8 million in 2008, $48.0 million in 2009, $40.6 million in 2010, $34.6 million in 2011 and $28.7 million in
2012.
F-55