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

Quarterly report pursuant to sections 13 or 15(d)

Goodwill and Intangible Assets

Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2012

Goodwill and Intangible Assets [Abstract]

5.	Goodwill and Intangible Assets

The following tables summarize the changes in the carrying amounts of Goodwill (in thousands):


	Goodwill
Balance at January 1, 2011	$	64,092
Impairment expense		(64,092	)

Balance at December 31, 2011 and March 31, 2012	$	—

Accumulated impairment charges at December 31, 2011	$	(64,092	)
Accumulated impairment charges at March 31, 2012	$	(64,902	)

The carrying amount and accumulated amortization of intangible assets as of March 31, 2012 and December 31, 2011 were as follows (in thousands):


	Gross Assets		Accumulated Amortization		Net
Trade Names		2,000		—		2,000
Physician and customer relationships		32,865		8,729		24,136
Non-competition agreements		848		304		544
Software		1,664		747		917

Total amortizable intangible assets	$	37,377	$	9,780	$	27,597


	December 31, 2011
	Gross Assets		Accumulated Amortization		Net
Trade Names		2,000		—		2,000
Physician and customer relationships		32,865		8,182		24,683
Non-competition agreements		848		258		590
Software		1,593		645		948

Total amortizable intangible assets	$	37,306	$	9,085	$	28,221

Amortization expense for intangible assets for the three months ended March 31, 2012 and 2011 was $0.7 million and $0.6 million, respectively, which was recorded in operating expenses. Expected annual amortization expense for intangible assets recorded as of March 31, 2012 is as follows (in thousands):


	4/1 - 12/31/12		2013		2014		2015		2016
Amortization expense	$	2,038	$	2,594	$	2,447	$	2,261	$	2,191

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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