| Intangible Assets |
3. Intangible Assets
The carrying amount and accumulated amortization of intangible
assets as of March 31, 2015 and December 31, 2014, are as
follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
March 31, 2015 |
|
| |
|
Gross
Assets |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Nonamortizable intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade names
|
|
$ |
2,000 |
|
|
$ |
— |
|
|
$ |
2,000 |
|
|
Amortizable intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Physician and customer relationships
|
|
|
32,865 |
|
|
|
15,303 |
|
|
|
17,563 |
|
|
Non-competition agreements
|
|
|
848 |
|
|
|
816 |
|
|
|
32 |
|
|
Software
|
|
|
7,682 |
|
|
|
1,424 |
|
|
|
6,257 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total nonamortizable and amortizable intangible assets
|
|
$ |
43,395 |
|
|
$ |
17,543 |
|
|
$ |
25,852 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 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 |
|
|
|
14,755 |
|
|
|
18,111 |
|
|
Non-competition agreements
|
|
|
848 |
|
|
|
778 |
|
|
|
70 |
|
|
Software
|
|
|
6,299 |
|
|
|
1,407 |
|
|
|
4,892 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total nonamortizable and amortizable intangible assets
|
|
$ |
42,012 |
|
|
$ |
16,940 |
|
|
$ |
25,073 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization expense for the three months ended March 31, 2015
was $0.6 million, which was consistent with the same prior year
period. Expected annual amortization expense for intangible assets
recorded as of March 31, 2015, is as follows (in
thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
4/1-
12/31/2015
|
|
|
2016 |
|
|
2017 |
|
|
2018 |
|
|
2019 |
|
|
2020 and
thereafter |
|
|
Amortization expense
|
|
$ |
2,580 |
|
|
$ |
4,290 |
|
|
$ |
4,255 |
|
|
$ |
3,381 |
|
|
$ |
2,191 |
|
|
$ |
7,155 |
|
|