| Intangible Assets |
The carrying amount and accumulated amortization of intangible
assets as of March 31, 2014 and December 31, 2013, are as
follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
March 31, 2014 |
|
| |
|
Gross
Assets |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Nonamortizable intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade names
|
|
$ |
2,000 |
|
|
$ |
— |
|
|
$ |
2,000 |
|
|
Amortizable intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Physician and customer relationships
|
|
|
32,865 |
|
|
|
13,112 |
|
|
|
19,753 |
|
|
Non-competition agreements
|
|
|
848 |
|
|
|
664 |
|
|
|
184 |
|
|
Software
|
|
|
3,433 |
|
|
|
1,295 |
|
|
|
2,138 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total nonamortizable and amortizable intangible assets
|
|
$ |
39,146 |
|
|
$ |
15,071 |
|
|
$ |
24,075 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2013 |
|
| |
|
Gross
Assets |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Nonamortizable intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade names
|
|
$ |
2,000 |
|
|
$ |
— |
|
|
$ |
2,000 |
|
|
Amortizable intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Physician and customer relationships
|
|
|
32,865 |
|
|
|
12,564 |
|
|
|
20,301 |
|
|
Non-competition agreements
|
|
|
848 |
|
|
|
621 |
|
|
|
227 |
|
|
Software
|
|
|
2,907 |
|
|
|
1,253 |
|
|
|
1,654 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total nonamortizable and amortizable intangible assets
|
|
$ |
38,620 |
|
|
$ |
14,438 |
|
|
$ |
24,182 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization expense for the three months ended March 31, 2014
and 2013 was $0.6 million and $0.7 million, respectively. Expected
annual amortization expense for intangible assets recorded as of
March 31, 2014, is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4/1-
12/31/2014
|
|
|
2015 |
|
|
2016 |
|
|
2017 |
|
|
2018 |
|
|
2019 and
thereafter |
|
| $ |
1,867 |
|
|
$ |
2,321 |
|
|
$ |
2,235 |
|
|
$ |
2,201 |
|
|
$ |
2,191 |
|
|
$ |
11,260 |
|
|