| Intangible Assets |
The carrying amount and accumulated amortization of intangible
assets as of September 30, 2014 and December 31, 2013,
are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
September 30,
2014 |
|
| |
|
Gross
Assets |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Nonamortizable intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade names
|
|
$ |
2,000 |
|
|
$ |
— |
|
|
$ |
2,000 |
|
|
Amortizable intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Physician and customer relationships
|
|
|
32,865 |
|
|
|
14,207 |
|
|
|
18,658 |
|
|
Non-competition agreements
|
|
|
848 |
|
|
|
740 |
|
|
|
108 |
|
|
Software
|
|
|
5,065 |
|
|
|
1,370 |
|
|
|
3,695 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total nonamortizable and amortizable intangible assets
|
|
$ |
40,778 |
|
|
$ |
16,317 |
|
|
$ |
24,461 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
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 and nine months ended
September 30, 2014 was $0.6 million and $1.9 million,
respectively, compared to $0.6 million and $2.0 million for the
same prior year periods. Expected annual amortization expense for
intangible assets recorded as of September 30, 2014, is as
follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10/1-
12/31/2014
|
|
2015 |
|
|
2016 |
|
|
2017 |
|
|
2018 |
|
|
2019 and
thereafter
|
|
|
$ 749 |
|
$ |
2,832 |
|
|
$ |
2,745 |
|
|
$ |
2,583 |
|
|
$ |
2,191 |
|
|
$ |
11,361 |
|
|