InfuSystem Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Intangible Assets

Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

6.	Intangible Assets

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


	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		36,534		19,427		17,107
Non-compete agreements		1,136		1,064		72
Software		13,745		1,685		12,060

Total nonamortizable and amortizable intangible assets	$	53,438	$	22,199	$	31,239


	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		36,258		17,049		19,209
Non-compete agreements		1,094		930		164
Software		11,942		1,789		10,153

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

The weighted average remaining lives of physician and customer relationships, non-compete agreements and software are 8-years, 1-year and 3-years, respectively, as of December 31, 2016.

Amortization expense for intangible assets for the years ended December 31, 2016 and 2015 was $3.8 million and $2.8 million, respectively, which was recorded in operating expenses. Expected annual amortization expense for the next five years for intangible assets recorded as of December 31, 2016 are as follows (in thousands):


	2017		2018		2019		2020		2021		2022 and thereafter
Amortization expense	$	5,649	$	5,274	$	4,841	$	4,298	$	3,943	$	5,234