| Intangible Assets |
The carrying amount and accumulated amortization of intangible
assets as of September 30, 2016 and December 31, 2015,
are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
September 30, 2016 |
|
| |
|
Gross
Assets |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Nonamortizable intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade names
|
|
$ |
2,000 |
|
|
$ |
— |
|
|
$ |
2,000 |
|
|
Amortizable intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade names
|
|
|
23 |
|
|
|
23 |
|
|
|
— |
|
|
Physician and customer relationships
|
|
|
32,865 |
|
|
|
18,589 |
|
|
|
14,276 |
|
|
Physician and customer relationships - InfusAid
|
|
|
200 |
|
|
|
— |
|
|
|
200 |
|
|
Physician and customer relationships - Ciscura
|
|
|
3,393 |
|
|
|
240 |
|
|
|
3,153 |
|
|
Non-competition agreements
|
|
|
1,094 |
|
|
|
1,022 |
|
|
|
72 |
|
|
Software
|
|
|
13,379 |
|
|
|
1,266 |
|
|
|
12,113 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total nonamortizable and amortizable intangible assets
|
|
$ |
52,954 |
|
|
$ |
21,140 |
|
|
$ |
31,814 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
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 and nine months ended
September 30, 2016 was $1.0 million and $2.8 million,
respectively, compared to $0.7 million and $2.1 million,
respectively, for the three and nine months ended
September 30, 2015. Expected annual amortization expense for
intangible assets recorded as of September 30, 2016, is as
follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
10/1-
12/31/2016 |
|
|
2017 |
|
|
2018 |
|
|
2019 |
|
|
2020 |
|
|
2021 and
thereafter |
|
|
Amortization expense
|
|
$ |
1,671 |
|
|
$ |
5,494 |
|
|
$ |
5,130 |
|
|
$ |
7,332 |
|
|
$ |
2,590 |
|
|
$ |
7,597 |
|
|