| Intangible Assets |
The carrying amount and accumulated amortization of intangible
assets as of June 30, 2014 and December 31, 2013, are as
follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30, 2014 |
|
| |
|
Gross
Assets |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Nonamortizable intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade names
|
|
$ |
2,000 |
|
|
$ |
— |
|
|
$ |
2,000 |
|
|
Amortizable intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Physician and customer relationships
|
|
|
32,865 |
|
|
|
13,659 |
|
|
|
19,206 |
|
|
Non-competition agreements
|
|
|
848 |
|
|
|
703 |
|
|
|
145 |
|
|
Software
|
|
|
4,269 |
|
|
|
1,333 |
|
|
|
2,936 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total nonamortizable and amortizable intangible assets
|
|
$ |
39,982 |
|
|
$ |
15,695 |
|
|
$ |
24,287 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
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 and six months ended
June 30, 2014 was $0.6 million and $1.3 million, respectively,
compared to $0.7 million and $1.3 million for the same prior year
periods. Expected annual amortization expense for intangible assets
recorded as of June 30, 2014, is as follows (in
thousands):
|
|
|
|
|
|
|
|
|
|
|
|
7/1-
12/31/2014
|
|
2015
|
|
2016
|
|
2017
|
|
2018
|
|
2019 and
thereafter
|
|
$1,243
|
|
$2,321 |
|
$2,235 |
|
$2,201 |
|
$2,191 |
|
$12,096 |
|