Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.4.0.3
Intangible Assets
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
4. Intangible Assets

The carrying amount and accumulated amortization of intangible assets as of March 31, 2016 and December 31, 2015, are as follows (in thousands):

 

     March 31, 2016  
     Gross Assets      Accumulated
Amortization
     Net  

Nonamortizable intangible assets

        

Trade names

   $ 2,000       $ —         $ 2,000   

Amortizable intangible assets

        

Trade names

     23         21         2   

Physician and customer relationships

     32,865         17,493         15,372   

Physician and customer relationships - Ciscura

     3,394         156         3,238   

Non-competition agreements

     1,094         961         133   

Software

     11,717         629         11,088   
  

 

 

    

 

 

    

 

 

 

Total nonamortizable and amortizable intangible assets

   $ 51,093       $ 19,260       $ 31,833   
  

 

 

    

 

 

    

 

 

 
     December 31, 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

     32,865         16,946         15,919   

Physician and customer relationships - Ciscura

     3,393         103         3,290   

Non-competition agreements

     1,094         930         164   

Software

     11,942         1,789         10,153   
  

 

 

    

 

 

    

 

 

 

Total nonamortizable and amortizable intangible assets

   $ 51,317       $ 19,783       $ 31,534   
  

 

 

    

 

 

    

 

 

 

Amortization expense for the three months ended March 31, 2016 was $0.9 million compared to $0.6 million for the three months ended March 31, 2015. Expected annual amortization expense for intangible assets recorded as of March 31, 2016, is as follows (in thousands):

 

     4/1-
12/31/2016
     2017      2018      2019      2020      2021 and
thereafter
 

Amortization expense

   $ 4,158       $ 5,301       $ 4,936       $ 5,451       $ 2,590       $ 7,397