Quarterly report pursuant to sections 13 or 15(d)

Intangible Assets

v2.4.0.8
Intangible Assets
3 Months Ended
Mar. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets
3. Intangible Assets

The carrying amount and accumulated amortization of intangible assets as of March 31, 2014 and December 31, 2013, are as follows (in thousands):

 

     March 31, 2014  
     Gross
Assets
     Accumulated
Amortization
     Net  

Nonamortizable intangible assets

        

Trade names

   $ 2,000       $ —         $ 2,000   

Amortizable intangible assets

        

Physician and customer relationships

     32,865         13,112         19,753   

Non-competition agreements

     848         664         184   

Software

     3,433         1,295         2,138   
  

 

 

    

 

 

    

 

 

 

Total nonamortizable and amortizable intangible assets

   $ 39,146       $ 15,071       $ 24,075   
  

 

 

    

 

 

    

 

 

 
     December 31, 2013  
     Gross
Assets
     Accumulated
Amortization
     Net  

Nonamortizable intangible assets

        

Trade names

   $ 2,000       $ —         $ 2,000   

Amortizable intangible assets

        

Physician and customer relationships

     32,865         12,564         20,301   

Non-competition agreements

     848         621         227   

Software

     2,907         1,253         1,654   
  

 

 

    

 

 

    

 

 

 

Total nonamortizable and amortizable intangible assets

   $ 38,620       $ 14,438       $ 24,182   
  

 

 

    

 

 

    

 

 

 

Amortization expense for the three months ended March 31, 2014 and 2013 was $0.6 million and $0.7 million, respectively. Expected annual amortization expense for intangible assets recorded as of March 31, 2014, is as follows (in thousands):

 

4/1-
12/31/2014
    2015     2016     2017     2018     2019 and
thereafter
 
$ 1,867      $ 2,321      $ 2,235      $ 2,201      $ 2,191      $ 11,260