HR Block 2008 Annual Report Download - page 82

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The components of intangible assets are as follows:
Gross
Carrying
Amount
Accumulated
Amortization Net
Gross
Carrying
Amount
Accumulated
Amortization Net
2008 2007April 30,
(in 000s)
Tax Services:
Customer relationships $ 46,479 $ (22,007) $ 24,472 $ 39,347 $ (14,654) $ 24,693
Noncompete agreements 22,966 (19,981) 2,985 21,237 (18,279) 2,958
Unpatented technology 12,500 (2,283) 10,217 12,500 – 12,500
Trade name 1,025 (117) 908 1,025 – 1,025
Business Services:
Customer relationships 143,402 (100,346) 43,056 142,315 (90,900) 51,415
Noncompete agreements 32,303 (17,589) 14,714 31,352 (15,524) 15,828
Trade name – amortizing 3,290 (3,043) 247 3,290 (2,430) 860
Trade name – non-amortizing 55,637 (4,868) 50,769 55,637 (4,868) 50,769
Consumer Financial Services:
Customer relationships 293,000 (293,000) – 293,000 (271,635) 21,365
Total intangible assets $ 610,602 $ (463,234) $ 147,368 $ 599,703 $ (418,290) $ 181,413
Amortization of intangible assets of continuing operations for the years ended April 30, 2008, 2007 and 2006 was
$50.8 million, $56.6 million and $62.5 million, respectively. Estimated amortization of intangible assets for fiscal
years 2009, 2010, 2011, 2012 and 2013 is $22.6 million, $19.9 million, $18.2 million, $15.4 million and $11.4 million,
respectively.
NOTE 8: CUSTOMER BANKING DEPOSITS
The components of customer banking deposits at April 30, 2008 and 2007 are as follows:
Outstanding
Balance
Interest
Expense
Outstanding
Balance
Interest
Expense
2008 2007April 30,
(in 000s)
Money-market deposits $ 297,320 $ 31,242 $ 793,383 $ 27,724
Savings deposits 27,538 877 15,428 121
Checking deposits:
Interest-bearing 140,529 6,093 149,419 3,722
Non-interest-bearing 162,987 – 93,560 –
303,516 6,093 242,979 3,722
IRAs and other time deposits:
Due in 2009 1,686 619
Due in 2010 4,290 511
Due in 2011 4,784 102
Due in 2012 901 50
Due in 2013 5,656 229
Non-maturing 139,933 75,962
157,250 4,666 77,473 561
$ 785,624 $ 42,878 $ 1,129,263 $ 32,128
62 H&R BLOCK 2008 Form 10K