Quarterly report pursuant to Section 13 or 15(d)

Goodwill & Intangible Assets

v3.23.2
Goodwill & Intangible Assets
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill & Intangible Assets Goodwill & Intangible Assets
The changes in the carrying value of goodwill by segment for the six months ended June 30, 2023 are as follows (in thousands):
  Device Solutions (a)
Balance as of December 31, 2022 $ 3,710
Goodwill acquired —
Balance as of June 30, 2023 $ 3,710
(a) The Patient Services segment had no recorded goodwill during the reported periods.
The carrying amount and accumulated amortization of intangible assets consisted of the following (in thousands):
  June 30, 2023 December 31, 2022
 
Gross
Assets
Accumulated
Amortization
 Net
Gross
Assets
Accumulated
Amortization
Net
Nonamortizable intangible assets            
Trade names $ 2,000 $ — $ 2,000 $ 2,000 $ — $ 2,000
Amortizable intangible assets:
Trade names 23 (23) — 23 (23) —
Physician and customer relationships 38,834 (33,944) 4,890 38,834 (33,594) 5,240
Non-competition agreements 472 (208) 264 472 (161) 311
Unpatented technology 943 (325) 618 943 (258) 685
Software 10,300 (10,130) 170 10,300 (10,100) 200
 
Total nonamortizable and amortizable intangible assets $ 52,572 $ (44,630) $ 7,942 $ 52,572 $ (44,136) $ 8,436
Amortization expense for the three and six months ended June 30, 2023 was $0.2 million and $0.5 million, respectively, compared to $0.7 million and $1.4 million, respectively, for the same prior year periods. This expense was recorded in “amortization of intangibles expenses” for each period. Expected remaining annual amortization expense for the next five years for intangible assets recorded as of June 30, 2023 is as follows (in thousands):
  2023 2024 2025 2026 2027
2028 and thereafter
 Total
               
Amortization expense $ 495 $ 990 $ 810 $ 524 $ 471 $ 2,652 $ 5,942