InfuSystem Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

4.	Intangible Assets

The carrying amount and accumulated amortization of intangible assets as of March 31, 2016 and December 31, 2015, are as follows (in thousands):


	March 31, 2016
	Gross Assets		Accumulated Amortization		Net
Nonamortizable intangible assets
Trade names	$	2,000	$	—	$	2,000
Amortizable intangible assets
Trade names		23		21		2
Physician and customer relationships		32,865		17,493		15,372
Physician and customer relationships - Ciscura		3,394		156		3,238
Non-competition agreements		1,094		961		133
Software		11,717		629		11,088


Total nonamortizable and amortizable intangible assets	$	51,093	$	19,260	$	31,833


	December 31, 2015
	Gross Assets		Accumulated Amortization		Net
Nonamortizable intangible assets
Trade names	$	2,000	$	—	$	2,000
Amortizable intangible assets
Trade names		23		15		8
Physician and customer relationships		32,865		16,946		15,919
Physician and customer relationships - Ciscura		3,393		103		3,290
Non-competition agreements		1,094		930		164
Software		11,942		1,789		10,153


Total nonamortizable and amortizable intangible assets	$	51,317	$	19,783	$	31,534

Amortization expense for the three months ended March 31, 2016 was $0.9 million compared to $0.6 million for the three months ended March 31, 2015. Expected annual amortization expense for intangible assets recorded as of March 31, 2016, is as follows (in thousands):


	4/1- 12/31/2016		2017		2018		2019		2020		2021 and thereafter
Amortization expense	$	4,158	$	5,301	$	4,936	$	5,451	$	2,590	$	7,397